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1121 points alokedesai | 1 comments | | HN request time: 0s | source
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thaumaturgy ◴[] No.10467160[source]
What's the big deal? Homejoy is just hacking startup downfunding... (/s)

I'd like to see some kind of stronger YC influence on ethics in the companies they fund. I realize that YC doesn't have any direct control over the companies, but it could be as simple as including good ethics in the traits they look for in startup founders.

A while back I started compiling a list of YC companies that spammed or otherwise behaved badly. It quickly got back-burnered by other projects, but there was AirBnB from W09, InstallMonetizer and SocialCam from W12, Zenefits from W13, Abacus and GetAirHelp from W14, Gradberry and OmniRef from W15 ... while so far it looks like the majority of YC startups are well-behaved, the trend was looking like there's a few in every batch that are willing to do shady things to meet their growth metrics.

Or, in Homejoy's case, maybe make a little more money while winding down.

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gkoberger ◴[] No.10467496[source]
YC makes it very clear they will disavow any company or founder that acts unethically. YC is strict about very few things, but this was made clear in no uncertain terms (especially by Jessica). When things go bad, YC always gets involved – even if you don't read about it online.

Don't blame YC just yet. We don't know what happened here. Maybe Homejoy went into debt, had their assets seized, and lost control (like with GigaOM). Maybe the investors approved or forced a reincorporation under another name. Maybe Handy bought the assets and is quickly trying to stem off churn. Or, yeah, maybe something unethical happened. Until we know what happened, though, it's all speculation.

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Encosia ◴[] No.10467622[source]
Did YC ever disavow InstallMonetizer? (honest question)
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mattmanser ◴[] No.10467824[source]
https://news.ycombinator.com/item?id=5092711
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1. Encosia ◴[] No.10469050{3}[source]
I've seen that before, but it's essentially the opposite of disavowing isn't it? He's doing quite a bit of rationalizing and misdirecting in that post, IMO.

At the time, I remember being incredibly disappointed to see him hide behind the EULA and "This one seems a matter of opinion." That's why it came to mind immediately and I was curious if YC ever took a more respectable position in the interim.