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Re:Y Combinator's Hardware Guy Leaves After 14 Months by pavlov on Friday November 04, 2016 @06:57PM (#12876907)
YC is a private corporation, they can fund anyone they want. It's not like a public office.

The mistake you're making is similar to the one where right-wing conspiracy theorists argue that getting censored by Twitter is a First Amendment violation. It isn't because Twitter is not part of the government.

Re:Y Combinator's Hardware Guy Leaves After 14 Months by saghm on Friday November 04, 2016 @08:03PM (#12877247)
Not saying you're wrong about this specific case, but I don't think the term "conflict of interest" is exclusive to the government. For (a somewhat vague) example, if I recommended my friend to a position at the company I worked for, "conflict of interest" would be an accurate descriptor for me being the one who interviews him for the position.