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Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @12:00PM (#8168335)
Such a simple thing to write, but so useful. Waiting excitedly to see who else will follow suit.

Good call.

Re:A Reminder To Investors by gadders on Tuesday August 12, 2014 @12:12PM (#8168428)
Is it a big problem then? I'm waaaay out of start up circles so I'm surprised it even needs to be stated.
Re:A Reminder To Investors by mtrimpe on Tuesday August 12, 2014 @12:39PM (#8168596)
There are always 'circles' where this is considered appropriate behaviour.

In the fashion world there are a few photographers which almost openly do this, known to us mostly because they got so used to it they put their dick in a girls mouth unannounced and rather than suck it she talked to the press about it. [1]

An old colleague worked at an IT company thirty years or so ago and on the upper management floor, as he described it, the secretaries were all paid $200k/yr and up to be, essentially, professional hookers.

It is almost certainly a problem in some circles in the tech investors industry as well.

This is just a, very welcome, statement to tell investors that if they want to be such an investor they'll be locked out of YC forever and to tell founders that they can expect to be backed up when they report this.

[1] http://jezebel.com/i-felt-a-dick-pressing-into-my-face-terry...

Re:A Reminder To Investors by equoid on Tuesday August 12, 2014 @02:23PM (#8169285)
Exploiting a position of power or influence so that one can "get away with it" does not mean that it was ever considered appropriate behaviour.
Re:A Reminder To Investors by mtrimpe on Tuesday August 12, 2014 @02:49PM (#8169451)
I meant considered appropriate within their moral framework.

I wrote it to stress that it's often group behavior, with the enablers and supporters that go along with it, and that you shouldn't think about it in terms of the 'lone distraught person.'

Just to be clear: I would never, ever, wish to be associated in any manner with a person or organization that operates on such a moral framework.

Re:A Reminder To Investors by ScottBurson on Tuesday August 12, 2014 @04:25PM (#8169948)
I'm baffled that this was downvoted. Does someone really not think that such groups of people exist? You must never have heard of college fraternities.
Re:A Reminder To Investors by acdha on Tuesday August 12, 2014 @04:35PM (#8170004)
That's a pretty meaningless distinction if it has no other consequences – it's essentially demoting this to the level of seriousness of wearing non-matching socks and the only people who benefit from this are the abusers.
Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @12:16PM (#8168446)
We know it does happen. Then: the optics that result from however many incidents happen have an outsized impact on all women (and, for that matter, similarly vulnerable men) considering venturing into VC-funded tech.
Re:A Reminder To Investors by gadders on Tuesday August 12, 2014 @12:24PM (#8168502)
Fair enough. People are stupid :-(
Re:A Reminder To Investors by michaelochurch on Tuesday August 12, 2014 @12:22PM (#8168489)
See the part about chickenhawking in this article: http://michaelochurch.wordpress.com/2013/12/14/vc-istan-6-th...
Re:A Reminder To Investors by rpmcb on Tuesday August 12, 2014 @12:06PM (#8168387)
I'm curious what you mean by "so useful."
Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @12:14PM (#8168437)
YC is one of a small number of organizations who can write something as simple as this and have this impact, because VCs compete for their dealflow. It's not the writing itself, so much as the realization that they could have this impact by writing it.
Re:A Reminder To Investors by untog on Tuesday August 12, 2014 @12:07PM (#8168394)
It's very simple, straightforward and unambiguous. No-one will be able to say "oh, I didn't realise" afterwards.
Re:A Reminder To Investors by mhurron on Tuesday August 12, 2014 @12:51PM (#8168685)
Nobody can reasonably say 'I didn't realize' now. This is not a new 'trend.' This shit has been technically unacceptable for a while.

And just as technically it has been unacceptable in practice that won't change anything.

Re:A Reminder To Investors by JabavuAdams on Tuesday August 12, 2014 @01:15PM (#8168846)
People modify their behaviour depending on the consequences they reasonably expect. For all that some harassers say that their behaviour is normal or unintentional, they don't really harass up the power hierarchy. That's actually quite a good litmus test.
Re:A Reminder To Investors by 7Figures2Commas on Tuesday August 12, 2014 @01:01PM (#8168742)
I guess I'm not as easily impressed as you are.

Sam Altman recently wrote[1], "Yes, it’s awful to hear the horror stories of wildly inappropriate behavior from investors to the entrepreneurs pitching them. (Unfortunately, stories like these are not super rare, but because there’s a big cost to going public with them, most never get told. My hope is that YC has enough leverage at this point to make it clear that this is unacceptable and we will not continue to work with investors who do it.)"

Today, Jessica Livingston writes, "Nearly all the investors we know are completely upstanding and professional, but even one inappropriate incident is too many."

Sam's statement implies that this behavior is more common than most folks would like to believe, and that Y Combinator is prepared to punish investors who engage in it. Jessica's statement subtly suggests that this behavior is less common, and that the vast majority of the investors Y Combinator works with are above engaging in it.

Which one is it?

[1] http://blog.ycombinator.com/diversity-and-startups

Re:A Reminder To Investors by loganu on Tuesday August 12, 2014 @01:07PM (#8168801)
I don't know, but it could be both? On one hand, most cases of harassment/ whatever never get exposed. On the other, YC thinks they have a good handle on the VCs they are working with, and believe that they are all (or mostly) above this behaviour.

The truth is probably somewhere in between, and it doesn't really matter. Both are explicitly stating that this behaviour is not tolerated and bears consequences.

Re:A Reminder To Investors by 7Figures2Commas on Tuesday August 12, 2014 @01:22PM (#8168889)
Sam Altman acknowledges that stories of this behavior are not "super rare", but that "most" stories don't get told for obvious reasons. Y Combinator states that Demo Day is attended by "most of the world’s top startup investors." This is a large group of people.

Given the size of the investor pool and apparent prevalence of this behavior, the "nearly all the investors we know are completely upstanding and professional" statement is preposterous. There is simply no way for anybody to know all of the investors who are behaving badly, and the "even one inappropriate incident is too many" statement minimizes the regularity with which it is clear this behavior is occurring by subtly suggesting that these are isolated incidents.

Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @01:46PM (#8169039)
You have provided neither the evidence nor the logic that could guide us towards your extraordinary claim that it is "preposterous" that most of the investors YC works with aren't harassing women.
Re:A Reminder To Investors by 7Figures2Commas on Tuesday August 12, 2014 @02:03PM (#8169137)
I didn't claim that most investors Y Combinator works with are harassing women. I stated that it is preposterous for Y Combinator to suggest that it knows that "nearly all" investors it's dealing with are "completely upstanding and professional." As I wrote, "There is simply no way for anybody to know all of the investors who are behaving badly." As Sam Altman has acknowledged, most instances of this behavior go unreported, so most of the folks engaged in it are not known to be engaged in it. If you can't follow that logic...

Your suggestion that I somehow claimed most investors working with YC are harassing women is so absurd as to be comical. I don't know what your agenda is, and frankly don't care, but if you're going to try to distort what I wrote, I'm confident you can do a better job.

Re:A Reminder To Investors by loganu on Tuesday August 12, 2014 @04:13PM (#8169876)
I don't think he was trying to put words in your mouth like that, but either way... There is some logic, yes.

Is it possible that YC affiliates with higher-caliber VCs that are less prone to this behaviour?

Is it possible that "super rare" occurrences and "mostly unreported" occurrences are both very low numbers, to the point that YC can expect not to have any incidents?

I think the answers to both could be yes, but I don't know if anyone has numbers to support anything. Anecdotal evidence from often anonymous founders indicates that there is a problem, but I honestly don't know how out-of-control it is.

Either way, good on Sam and Jessica for addressing the issue.

Re:A Reminder To Investors by lsc on Tuesday August 12, 2014 @03:00PM (#8169504)
> Jessica's statement subtly suggests that this behavior is less common, and that the vast majority of the investors Y Combinator works with are above engaging in it.

My reading of Jessica's statement was that she was trying to make it clear that ycombinator wasn't accusing their customers without evidence.

Investors, in a real way, are Ycombinator's customers. Yes, sometimes your customers do bad things and you have to deal with it, sometimes dealing with it means making them no longer your customers. As much as possible, you want to set expectations about those sorts of situations ahead of time. But, you want to set those expectations in a way that don't make your innocent customers feel like they are being accused of anything.

When you are setting these sorts of expectations, it is easy to make it feel, to your customers, like you are assuming they are guilty without evidence, and that's not something you want your customers to feel. It is a mistake I've made myself. At one point, in response to one of my poorly-considered spammer-discouragement policies, a potential customer told me "we don't assume you are stupid; but we do assume you are a spammer." - you don't want to make your potential customers feel that way.

Re:A Reminder To Investors by 7Figures2Commas on Tuesday August 12, 2014 @03:54PM (#8169799)
First, there is too much capital chasing too few opportunities today. Y Combinator is widely seen by many investors as being the highest-quality accelerator so if it had merely stated "Y Combinator will not tolerate inappropriate sexual or romantic behavior from investors toward founders. Period." I guarantee you it's not going to suffer any negative consequences. I'm sure there are more investors wanting to attend Demo Day than there are Demo Day invitations.

Second, Y Combinator could have prepared a code of conduct and sent it directly to the investors invited to participate in Demo Day. Demo Day is an invitation-only event and sending a code of conduct to invitees via email would have been a more effective way to reach the target audience than publishing a "Reminder to Investors" blog post which was clearly intended to be read by a broader audience.

I don't doubt that Y Combinator sincerely wants to quell this behavior, which is a good thing. But maximizing the good you do isn't always aligned with maximizing the PR you do.

Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @01:02PM (#8168757)
Huh? Both statements can obviously be true.
Re:A Reminder To Investors by yummyfajitas on Tuesday August 12, 2014 @01:09PM (#8168816)
Here is a translation of Altman's message from powertalk into english:

"Dear feminists and rabble rousers, we recognize your power. We are on your team. We will genuflect in the direction of those things you consider holy. Please don't target us."

(For those unfamiliar with the term, "powertalk" is the in-group language of powerful people.)

http://www.ribbonfarm.com/2009/11/11/the-gervais-principle-i...

YC is attempting to appease the internet bullies and avoid unwanted media attention (witness the Paul Graham sexism non-incident), not convey facts.

Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @01:58PM (#8169116)
This is a really unfortunate comment. The actual points it makes are superficial and, unusually for you, not backed by anything other than anecdote. It's mean-spirited. And most importantly, it's written in a way that can't possibly persuade anyone who isn't already on your side. You're too smart to believe you're trying to communicate here, so I'm left believing you're writing this comment just to stick a fork in people's eyes.

I know this doesn't mean anything because I'm just some random Internet stranger you don't actually know, but as someone who has stuck up for your comments in the past, I've been made to feel embarrassed by this one.

I will, of course, get over both it and, later, myself.

Re:A Reminder To Investors by yummyfajitas on Tuesday August 12, 2014 @02:12PM (#8169207)
Lately I stick to purely factual arguments, and as a result ignore most of HN. For some reason I felt like actually having a conversation on HN today.

I don't expect this comment to persuade most people. However, I do believe the argument I'm making here, and I believe it can persuade some people. HN is a pretty good crowd. For example, over a few years, I've observed the conversation about HFT on here has shifted wildly - people occasionally cite my articles, so I think I've contributed.

I've been convinced by Robin Hanson and others that many of the public arguments made (particularly by powerful figures) are signalling of the form I describe in this post. I believe it's a good explanation of why such things are posted.

The fact of the matter is that on merit, Sam Altman's post on this topic is nonsense. It attacks a straw man and draws inference by juxtuposition. See my post criticizing it (which mostly takes the perspective that it's an honest argument):

http://www.chrisstucchio.com/blog/2014/sam_altmans_sexism_st...

Sam Altman is a smart guy. I seriously doubt that he wrote something so nonsensical as a real argument. The best explanation I can come up with for why so many smart people are posting silly things is like this is signalling.

I'm sorry you dislike my comment, but it is an attempt to explain my views rather than simply an attempt to "stick a fork in people's eyes".

Re:A Reminder To Investors by swombat on Tuesday August 12, 2014 @04:57PM (#8170118)
My opinion: the comment was a little on the weak side, but the analysis on your blog is sound. In other words, I agree that this blog post is likely to be signalling. Not that I disagree with the signal being sent. It's a sensible signal to want to send!
Re:A Reminder To Investors by Jun8 on Tuesday August 12, 2014 @02:07PM (#8169170)
I agree that the comment was strongly and perhaps not carefully worded but it seems this was not just a "fork in the eyes" comment", see http://www.chrisstucchio.com/blog/2014/sam_altmans_sexism_st... where yummyfajitas summarizes some good points.

You can criticize the format and language of the comment all you want but implying things like "I think you're too smart to believe in BS like this" is condescending.

Re:A Reminder To Investors by Jun8 on Tuesday August 12, 2014 @01:47PM (#8169045)
Judging from its (current) grayness this seems to be a much derided point of view on HN. Why? In a previous comment Livingstone was quoted as saying this is a rare problem in (I assume) YC investor circles. Why put out a direct message like this then?

Some here have argued that it is useful because it makes things unambiguous and simple. I think the people who condone and/or engage this behavior (e.g. the kinds that are exemplified in the Forbes article) don't do so because they don't know any better or because "the rules of engagement" were not clearly stated in this regard.

So I think at least part of the motivation behind putting out a message like this explicitly, rather than including in, say, an investor legal agreement, has to be the desire to preempt allegations based on this point.

Re:A Reminder To Investors by icebraining on Wednesday August 13, 2014 @04:54AM (#8172012)
Rare is not the same as unimportant.

And it's exactly because the people engaging in this behavior know and disregard the "rules of engagement" that it's important to let them know that they will have more to lose.

And the way you do that is by stating it publicly, making YC itself accountable to the public and forcing them to actually act. That way, it's harder for such investors to convince themselves that when push comes to shove, YC wouldn't actually do anything.

Re:A Reminder To Investors by rayiner on Tuesday August 12, 2014 @01:12PM (#8168828)
Saying that feminists are in a position of power is utterly ridiculous.
Re:A Reminder To Investors by yummyfajitas on Tuesday August 12, 2014 @01:42PM (#8169026)
They clearly have the power to cause trouble for tech companies. Witness Pax Dickinson, Julie Horvath, and various other incidents.

It just makes (selfish) sense for Altman to try to appease them. It's bad for the industry - showing weakness will encourage more behavior of this type. (Think about why they are targeting a bunch of unlikeable low status geeks.) But it's good for YC to encourage them to target others

Re:A Reminder To Investors by andyl on Tuesday August 12, 2014 @02:02PM (#8169132)
Tell that to Tom Preston-Werner.
Re:A Reminder To Investors by Jun8 on Tuesday August 12, 2014 @02:01PM (#8169127)
You're right; I wouldn't call it "feminists" but the "PC Police".
Re:A Reminder To Investors by axlprose on Tuesday August 12, 2014 @01:37PM (#8168989)
It's really not. Feminist ideology has permeated many levels of public institutions today -- not all, of course, but quite a few. There's a reason it's seen as the 'correct'/default viewpoint to take today; if that weren't the case, then it'd be less surprising when someone declares themselves not a feminist. There might be a long road yet ahead for feminists, but I don't think it's fair to diminish their vast and obvious accomplishments thus far; doing that just feeds into the victimization cycle that's endemic in the radical subsets of it.
Re:A Reminder To Investors by rayiner on Tuesday August 12, 2014 @01:42PM (#8169019)
It's something that everyone knows to pay lip service to, in the same way that everyone pays lip service to being "green." But are you going to say with a straight face that environmentalists are in a position of power?
Re:A Reminder To Investors by axlprose on Tuesday August 12, 2014 @01:49PM (#8169067)
We (as a country) are trying to do something about global warming are we not? Sure we have nut-job deniers and all that, but compared to many countries that legitimately do not care about "being green", the US is doing rather decently (although arguably still not good enough, but it all has to start somewhere). Holding "power" is not a zero-sum game -- having slightly less power than another slightly more predominant ideology != 'not' having power. Just because we have a democratic president does not mean republicans have no power.

Similarly feminist ideology has made itself into the american public's view of the 'ideal', and anything that opposes it as unquestionably 'bad' -- to say there's no power in that sort of collective consciousness about any issue is ignorant. Just because it's not ideal yet absolutely does not mean it's not in power -- even powerful things take time to reach their full potential. When behaviors like this YC post talks about hadn't had any negative ramifications before, but now do, that's power.

Re:A Reminder To Investors by rayiner on Tuesday August 12, 2014 @01:57PM (#8169110)
> We (as a country) are trying to do something about global warming are we not?

Only to the extent that it doesn't get in the way of the hundred priorities ahead of global warming on the list. And all the pollution that isn't associated with a hot-button issue like global warming isn't even on the radar. Coal, for example, is something that's so damaging that there aren't even nut-job deniers arguing otherwise. Yet, during one of the debates of the 2012 election, Obama was arguing with Romney about which of them was more pro-coal.

> Similarly feminist ideology has made itself into the american public's view of the 'ideal', and anything that opposes it as unquestionably 'bad'

People are quite willing to embrace ideals but take little to no inconvenient action to work towards those ideals. Feminists have "power" in the same way environmentalists do. They can win a tiny victory here and there by making particularly egregious acts public,[1] but that's the extent of it.

[1] In 2012, environmentalists in Chicago were successful in shutting down Fisk and Crawford, two coal plants in Chicago that a study showed were costing the public $127 million per year in health costs: http://elpc.org/wp-content/uploads/2010/10/MidwestGeneration.... Only 598 more to go!

Re:A Reminder To Investors by axlprose on Tuesday August 12, 2014 @02:12PM (#8169208)
Yes, but lets not go around bashing something that is clearly better than nothing, and needlessly belittling the accomplishments of clearly influential movements. Things will always be open to improvement, and we should focus on that, not on how little power we have (oh no!); that's exactly the type of needless victimization that gives feminism a bad name (if you're not familiar with what I'm talking about, google around for 'Suey Park').

In any case, it is still an idealistic ideology, because then at what point does it declare/define 'victory'? That's never been made very clear, and despite the massive strides it has made in the past several decades, we're still talking about it like it's some totally unknown, underdog minority issue -- where are the goal posts? That's a rhetorical question because it's not supposed to have goal posts, just like how environmentalism doesn't -- it's an ideal, one of female rights that people should definitely strive for, but let's not make it out to be some sort of clear-cut political policy that has failed to be implemented, that just does the whole movement a disservice.

Re:A Reminder To Investors by dragonwriter on Tuesday August 12, 2014 @02:12PM (#8169214)
> We (as a country) are trying to do something about global warming are we not?

Not really. The federal executive branch is sort of unilaterally trying to do a bit using a legal framework not specifically designed for it, Congress has no clear commitment either way (the Republican Party holding a majority in the House and mostly opposing concrete action -- some members denying GW is real, some members opposing federal government action on environmental issues that might limit immediate business opportunity generally, and others just opposing any specific proposal related to global warming without necessarily having a clear ideological framework for general opposition), and some states are trying to do some things (and some states are trying to promote things directly opposed).

As a country, there's really nothing coherent going on.

Re:A Reminder To Investors by axlprose on Tuesday August 12, 2014 @02:17PM (#8169244)
Then the fact that we have powerful regulatory bodies like the EPA, and are much better off environmentally than countries like India and China is somehow just a fluke? Global warming is an environmentalist issue, but environmentalism != coherent global warming prevention -- that's really not a small problem, and would be a tall order for any nation to fill.
Re:A Reminder To Investors by dragonwriter on Tuesday August 12, 2014 @02:19PM (#8169261)
> Then the fact that we have powerful regulatory bodies like the EPA, and are much better off environmentally than countries like India and China is somehow just a fluke?

The EPA does not exist to address global warming specifically. The claim I addressed was that "we as a country are trying to do something about global warming", not "we as a country are trying to do something about environmental issues more generally". Those are very different claims.

Re:A Reminder To Investors by axlprose on Tuesday August 12, 2014 @05:10PM (#8170201)
You are correct. Apologies if it appeared I was talking specifically about global warming, but the context was with regards to what the parent was addressing with "being green" and the environmentalist movement as a whole, so that was the main point I was trying to convey.

But in any case, global warming is an environmentalist issue, and the environmentalist ideology does have power -- whether or not the government has managed to take coherent action about it yet is not indicative of the significance of the issue within the nation, because like I said, it is not a simple issue to solve, and we are still doing more[0] than India and China to help it anyway. And like I said in my original comment, while there is obviously still much room for improvement, there's no need to undermine what we have done to fight it... we'd all be worse of if environmental progress completely stopped in the 60's. Still a shame that we haven't done more of course.

[0] actively regulating pollution is a form of action...

Re:A Reminder To Investors by yummyfajitas on Tuesday August 12, 2014 @01:53PM (#8169094)
When is the last time an A-C level exec at a tech company was fired for being insufficiently green?
Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @03:12PM (#8169564)
The premise of this question is that execs have been fired for being "insufficiently diverse" or "insufficiently feminist". But there's a difference between not believing that anthropogenic global warming is a problem that demands changes to the way industry is run, and doing things that have the overt effect of creating barriers for women in the industry.

Leaving that aside, I think you'll find that a more careful look at the Pax Dickinson drama will reveal that it's not a particularly helpful example for this thread. There was a lot of stuff happening there.

Re:A Reminder To Investors by yummyfajitas on Tuesday August 12, 2014 @04:04PM (#8169844)
I don't see why you think Dickinson is an unrelated example. He was never accused of any misconduct beyond wearing sunglasses while disagreeing with feminists.

The fact is that feminists have power in our society and the tech industry is relatively weak. We provide a great source of symbolic victories for them.

Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @04:17PM (#8169903)
He was never accused of any misconduct beyond wearing sunglasses while disagreeing with feminists.

This is self-evidently false, so much so that I'm confused as to how you could have written this comment.

Re:A Reminder To Investors by yummyfajitas on Tuesday August 12, 2014 @04:26PM (#8169950)
I'm pretty sure you are confusing Pax Dickinson with someone else.

http://valleywag.gawker.com/business-insider-ctos-is-your-ne...

http://www.businessinsider.com/statement-2013-9

Just a bunch of tweets mocking feminists, liberals and Mel Gibson.

[edit: Tom I really don't understand how you think this disagrees with what I said above. How do these links imply any misconduct, or anything other than disagreeing with feminists? Are you asserting that opposing the welfare state or mocking Mel Gibson is what got him fired?]

Re:A Reminder To Investors by SamReidHughes on Tuesday August 12, 2014 @11:43PM (#8171353)
> How do these links imply any misconduct, or anything other than disagreeing with feminists?

You're talking about these tweets with rape jokes, tweets where he's an asshole toward poors, and "ironic" use of the N-word?

...

Are you high?

Re:A Reminder To Investors by yummyfajitas on Wednesday August 13, 2014 @01:27AM (#8171573)
You realize the "rape joke" with the N-word is mocking Mel Gibson, right? See #2 on this list:

http://www.ranker.com/list/top-10-most-offensive-mel-gibson-...

As for the rest of it, if you want to argue that libertarianism rather than anti-feminism got him fired, square that viewpoint with Business Insider's statement about firing him. They didn't say he was too conservative, they said he disagreed with them on diversity.

Disagreeing with feminists and liberals is not misconduct. Neither is making fun of drunk celebrities.

Re:A Reminder To Investors by SamReidHughes on Wednesday August 13, 2014 @01:51AM (#8171605)
Why should I believe Business Insider's statement?
Re:A Reminder To Investors by tptacek on Tuesday August 12, 2014 @04:56PM (#8170115)
You just refuted your own comment upthread and pretended like that was a rebuttal!