Re:We’re discontinuing the Stablegains service
by tptacek on Sunday May 22, 2022 @12:02PM
(#31469594)
I think I'm saying that YC by design funds companies at a point where it's too early to reliably determine whether they're an outright fraud. And YC can't shut down anything; they invest relatively little money and take zero control over their portfolio companies. The best they can do is performatively kick companies out of the program, so they can't access Bookface or whatever.
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Re:We’re discontinuing the Stablegains service
by kasey_junk on Sunday May 22, 2022 @02:03PM
(#31470990)
I don’t think public disavowals by early investors are performative. I think that would go a long way to limiting the damage actually.