Good technical due diligence from reputed organization costs something like $50-100k. Good legal/accounting due diligence costs the same amount. Which is >20% of what YC invests. Even if 20% are committing clear fraud, it is worth it to pay them. Actual numbers are likely lower.
Don, do you honestly think that's a lapse in the process, or are you just joining in to dunk on this random company? You think the YC interview involved licensing questions, and, if it did, that they "dawged" their way through it?
elicksaur: Why would you believe anything this person says after that? Default assumption #1 is any writing they output is an LLM product and insincere. Assumption #2 their actions are taken with little thought or intentionality.
JohnFen: ... This one line tells me that's an outfit that should be avoided entirely. It's either unfathomable incompetence, or a strong aversion to doing things properly. Either way, it says nothing good.
JumpCrisscross: ... The move that dials the dumbassery to eleven is using it as a defence. On Twitter. Like, Exhibit A for any lawsuit that company is ever in will be this tweet: it demonstrates a proud disrespect for law and contracts. That’s high-proof mens rea if I’ve ever seen any.
Alex Cohen
@anothercohen
It’s not just the actual legal issues but generally the dismissiveness and sloppiness towards real concerns but I guess good on you all for making the appropriate changes
More seriously than my joke about how they should have screened out companies whose names were anagrams of "Rape".
I personally think they shouldn't fund bullshitters, or sociopaths either, but if their spreadsheets tell them that startups run by bullshitters and sociopaths make them more money, then who am I to tell them how to invest?
If sociopathic behavior is worthy of investment, then maybe aspiring YC applicants could pre-emptively impress YC investors and signal their political alignment by sending death threats to the appropriate people, then demonstrating what flowery insincere non-apology apologies they can write, an extremely valuable skill in the industry!
(Extra credit for tweeting said non-apology apology as a garishly animated video with kinetic typography in Comic Sans!)
