Y combinator has funded a significant portion of the most harmful tech companies of this century. They're profoundly amoral, just like you'd expect from a profitable venture capital firm.
On the bright side, they also hire dang, so that's one against 100 million.
Most of the bad ones IPOd in 2021, when there was a huge overvaluation of speculative tech companies... Marking performance since IPO is also a bit weird since it's kind of arbitrary date in the firm's history.
It's surprising to me that investors have been so wrong about combinator IPOs. I wonder if this has been driven my retail, or by the expectation of a small probability of enormous success.
To be honest, I have personally funded almost all of the most harmful companies that are around today, too.
But that's because I funded pretty much all the companies via my investment in an index fund.
YC pretty much takes something like an index fund approach to startups: they finance a lot of them. So naturally they would also have a significant portion of what you deem to be harmful ones.
What part of buying index funds of public shares in a company (aside from direct investment, IPO or private placement which are not hallmarks of index funds) funds the company?
Given YC's leadership over the past decade or so, I don't think they have anything they'd want to speak up about. This is probably all fine with them.
I used to hold YC in very high regard, but these days I don't think they're materially different from any other investing shop when it comes to values.
Y combinator has funded a significant portion of the most harmful tech companies of this century. They're profoundly amoral, just like you'd expect from a profitable venture capital firm.
On the bright side, they also hire dang, so that's one against 100 million.
And the few that have gone public have done awful
https://medium.com/@Arakunrin/the-post-ipo-performance-of-y-...
Most of the bad ones IPOd in 2021, when there was a huge overvaluation of speculative tech companies... Marking performance since IPO is also a bit weird since it's kind of arbitrary date in the firm's history.
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It's surprising to me that investors have been so wrong about combinator IPOs. I wonder if this has been driven my retail, or by the expectation of a small probability of enormous success.
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Is going public the ultimate goal of every startup?
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To be honest, I have personally funded almost all of the most harmful companies that are around today, too.
But that's because I funded pretty much all the companies via my investment in an index fund.
YC pretty much takes something like an index fund approach to startups: they finance a lot of them. So naturally they would also have a significant portion of what you deem to be harmful ones.
What part of buying index funds of public shares in a company (aside from direct investment, IPO or private placement which are not hallmarks of index funds) funds the company?
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Given YC's leadership over the past decade or so, I don't think they have anything they'd want to speak up about. This is probably all fine with them.
I used to hold YC in very high regard, but these days I don't think they're materially different from any other investing shop when it comes to values.
YC seeming like more and more of a joke since AI took off
YC had been funding Flock for six years before LLMs took off.
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