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> Jessica's statement subtly suggests that this behavior is less common, and that the vast majority of the investors Y Combinator works with are above engaging
by lsc 12y ago
> Jessica's statement subtly suggests that this behavior is less common, and that the vast majority of the investors Y Combinator works with are above engaging in it.
My reading of Jessica's statement was that she was trying to make it clear that ycombinator wasn't accusing their customers without evidence.
Investors, in a real way, are Ycombinator's customers. Yes, sometimes your customers do bad things and you have to deal with it, sometimes dealing with it means making them no longer your customers. As much as possible, you want to set expectations about those sorts of situations ahead of time. But, you want to set those expectations in a way that don't make your innocent customers feel like they are being accused of anything.
When you are setting these sorts of expectations, it is easy to make it feel, to your customers, like you are assuming they are guilty without evidence, and that's not something you want your customers to feel. It is a mistake I've made myself. At one point, in response to one of my poorly-considered spammer-discouragement policies, a potential customer told me "we don't assume you are stupid; but we do assume you are a spammer." - you don't want to make your potential customers feel that way.
- 7Figures2Commas 12y agoFirst, there is too much capital chasing too few opportunities today. Y Combinator is widely seen by many investors as being the highest-quality accelerator so if it had merely stated "Y Combinator will not tolerate inappropriate sexual or romantic behavior from investors toward founders. Period." I guarantee you it's not going to suffer any negative consequences. I'm sure there are more investors wanting to attend Demo Day than there are Demo Day invitations. Second, Y Combinator could have prepared a code of conduct and sent it directly to the investors invited to participate in Demo Day. Demo Day is an invitation-only event and sending a code of conduct to invitees via email would have been a more effective way to reach the target audience than publishing a "Reminder to Investors" blog post which was clearly intended to be read by a broader audience. I don't doubt that Y Combinator sincerely wants to quell this behavior, which is a good thing. But maximizing the good you do isn't always aligned with maximizing the PR you do.