Comment by whiplash451
1 year ago
Your comment is interesting but seems orthogonal to the problem at hand.
We are talking about a company that clearly showed bad intent and dishonesty in their attitude.
And that's doing a big disservice to the AI space coming from a high-profile incubator such as YC.
If you can't be a good example, you'll just have to be a terrible warning.
Maybe the point isnt to invest in the team with the best ideas, but to invest in the most ruthless/least ethical because thats what the investors believe will win the day?
You've described most "successful" startups.
FTX, Binance, Uber, etc.
The company I was in that raised a $100m C was in a real mess behind the scenes operating in a highly regulated space (one of the reasons I left; I disagreed with certain practices in principle).