> I mean they literally stole another YC startup's work wholesale and effectively defrauded YC investors.
Didn't YC know it was a fork of one of their existing investments? If they knew then it is bad, if they didnt know then it is bad. If they didnt know and continue to fund this startup then they are stupid.
> The only reason a system like that can work is if participants act in good faith
If you are a professional investor you need a better bullshit detector. If you fail any time someone acts in bad faith, it is not the game for you.
The investment world is full of functional sociopaths. You get used to it I guess. YC's bullshit detector would be blaring nonstop if that was enough to tank a deal.
Didn't YC know it was a fork of one of their existing investments? If they knew then it is bad, if they didnt know then it is bad. If they didnt know and continue to fund this startup then they are stupid.
> The only reason a system like that can work is if participants act in good faith
If you are a professional investor you need a better bullshit detector. If you fail any time someone acts in bad faith, it is not the game for you.