Re:YC's request for startups: Government 2.0
by kaushikktiwari on Thursday May 23, 2019 @05:45PM
(#19996332)
not sure if I agree with your point about promise--especially with the implied "moral hazard"--if they are trying to solve the inefficiency in the justice system then its better for them that the system remains inefficient-- def seems like something beyond their control that they had no role in creating, and they are trying to help as best as they can. There is a bigger problem for private prisons---not promise
What's worse, given that Promise appears to be a for-profit company and you're investing in it to make money, you now have a financially incentive against fixing the systemic issue. It's better for you if the justice system is bigger and less efficient, because you'll make more money selling us a band-aid.
So count me in with the GP and Andrew Yang: it's not that the problems seem too hard for startups to tackle, but because they are fundamentally not problems that the free market rewards solving. YC mostly funds profit-seeking companies. That's okay! But I am skeptical that there is profit to be made in e.g. dismantling the justice system.