That it's managed to get so much traffic and now seed funding says a lot about how the Valley works, and probably not in a good way. It's literally a platform for someone's friends to upvote each other - "conflict of interest for YC" doesn't even scratch the surface.
I do think the platform has value, but only insofar as that it helps those who are playing the VC game by showing them what a certain "in crowd" thinks is cool.
I won't pretend there aren't voting rings but they're not limited to the "valley in group" at all. We see people across the world trying to game the site, as people do on Hacker News, reddit, and other crowd-curation sites. As I mentioned earlier on this HN thread, we have systems that help combat these rings and in part thank to YC/HN's guidance, we'll improve this.
I also want to point out just a few examples of products that reached the top of the day's board from non-valley, "famous" startup people. E.g.
- Notifyr (http://www.producthunt.com/posts/notifyr) was made by a 17 year old in the Netherlands. It's the 5th most upvoted product right now
- Instanerd (http://www.producthunt.com/posts/instanerd) was made by Alex in Skopje, Macedonia as a small side project. It received over 160 upvotes and ~5x the number of comments than the average submission.
- Pie (http://www.producthunt.com/posts/pie) is a team collaboration app by startup in Sigapore. It too hit the top of the board.
Of course, not everyone will agree with what's most upvoted and an upvote really is just a measure of interest, not a review.
I'm not implying of anything shady. I'm just saying that kinda stuff is really annoying for the average joe.
Do you think involvement with YC will accelerate that step and is it still a (very?) high priority--I say "very" because the fact that it seems to be an exclusive list that's not open seems to be one of the biggest criticisms.
I'm looking over the submitters' profiles and I see many of the same people submitting different items... so I'm deducing that 'members of the community' != 'the community'.
People will use it for different things. Some will submit products, some will upvote, some will comment and get involved with the discussion, and some will do all three.
You're right that voting rings, if not dealt with, can hurt the authenticity of the rankings. We have mechanisms to curb that and thankfully guidance from YC/HN on how to deal with this as the community grows. In fact I met with Daniel Gackle a month ago to chat about this.
With regards to the conflict of interest, I don't see this being too much of an issue. Whilst PH itself is part of a YC batch, the majority of the PH community won't be, and it's them who collectively vote.
Getting the rest of the upvotes and the traction to hit the top of the front page, in fairness, is dependent on non-collusive votes. The issue is that subtle collusion may get products exposure when they otherwise wouldn't in a fair system. (although, that's the startup world in a nutshell. I'm not fond of it.)
Er, on most link aggregator websites, that's supporting a breach in integrity, not a "we'll give you $120k seed money" event.
It's worth noting that this behavior is explicitly punished on Hacker News (https://news.ycombinator.com/item?id=7972941) and will get you banned extremely quickly from Reddit.
This also leads to a massive conflict of interest for any YC products that are posted to Product Hunt in the future.