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At the very least it makes people accountable and open to shaming if they don't follow through. And in a small community word would spread about who breaks thei
by logn 14y ago
At the very least it makes people accountable and open to shaming if they don't follow through. And in a small community word would spread about who breaks their deals.
Also I think PG should make this into a small mobile app. Every VC is going to add some wiggle text to his boiler plate.
- larrys 14y ago"makes people accountable and open to shaming if they don't follow through" And what exactly might be the method of shaming? A blog post? A central repository of shame? It's not like there is going to be some ebay type feedback system on investors that will take into account investors failing to live up to their promises. New entrepreneurs are hatched everyday. The "reputation" that an investor earns will have to be etched pretty clearly for them to find that info and believe it's ubiquity.
- barry-cotter 14y agoReputation among what group is the question. I'm guessing if someone backs out on such a deal Y Combinator will remember, pass it on, fail to invite to Demo Day. This protocol works to YC's benefit even if the information never spreads beyond employees, participants and alumni. Any spillover is a bonus.