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Really? I know nothing about this other than what I've read here, but my first guess was the breakdown in trust means the allegations of fake audits.
by kstrauser 7mo ago
Really? I know nothing about this other than what I've read here, but my first guess was the breakdown in trust means the allegations of fake audits.
- wahnfrieden 7mo agoIt is very clearly the fake audits.
- neya 7mo agoHi, sorry, just new to this entire story, could you please share light on the fake audits? Trying to understand what exactly happened.
- minimaxir 7mo agoI was half-joking, but if YC has a legal issue resulting from the alleged fraud (unclear currently), kicking out the company for the lesser infraction would make more sense.
- FreakLegion 7mo agoInvestors aren't on the hook for the bad behavior of companies they invest in. Quite the opposite: Defrauding investors (and acquirers, and creditors) is commonly the thing that lands people like Elizabeth Holmes in prison.
- rvnx 7mo agoYcombinator may have financially benefited from the scam operations since the company subsequently raised funds. Considering they do due diligence before investment and are experts in IT and legal, how could they not know what is the business model when it was the unique selling point ?
- FreakLegion 7mo agoBecause Delve defrauded them.
- rvnx 7mo agoYeah, yeah... of course, of course... like telehealth companies prescribing GLP-1 Ozempic/Wegovy where there is one doctor for 10000 patients. Totally sounds legit.