| I'm also a founder of an $xB fintech (Coinbase!) and I have to say, this does not ring true to me at all. I've known Patrick since 2013 or so, and I have found him to be nothing but the highest integrity. Same for John. We are semi-competitors (not a ton of overlap) so you might find it strange for me to stick up for him like this, but I just think this description is wildly inaccurate. As one small example, Patrick has proactively told me when wanting to build competitive products, even when he didn't have to (very positive sum thinking). He has direct control over reporters and YC? I'm sorry but this sounds like conspiracy theory. People are living all over due to covid - so what. Remote is the future of work. There are plenty of more reasonable Occam's razor explanations for some of what is being reported in this thread (and from the OP). You always have to assume ignorance over malice first. For example: - companies often look at startups they may want to acquire, and decide to pass for various reasons (saying no more than yes is a good process), they then launch their own products (this is why they were looking at acquisitions in the first place), pretty normal - any time you have thousand of interviews going on, you are bound to get some bad candidate experiences, I know for instance these happen in Coinbase periodically, and we try to minimize it for sure, but you will not get it to zero (especially when growing quickly) - most rational explanation for OPs issue is that references were checked and came back luke warm/negative, so more were done which delayed it etc (they may not tell you this was the reason to protect sources btw), this is one of many potential reasons, i'm guessing, but benign explanations are more likely - also, "discussing details of an offer" is not the same as receiving an offer Anyway - if people had negative experiences, then feedback is great. I just hate to see HN jumping into tear downs and wild conjecture like this. Patrick and John are great founders we can all learn from, and yes human like all of us (not perfect). Let's all help each other improve here, and assume positive intent. |
The point is not that they have direct control over YC or HN, it's that they have massive indirect control over the organization and have done a wizard's job of making themselves untouchable in the media.
Some context: I'm a former (early) YC founder, and during my batch the YC team recommended that we spend time with the HN team. The HN team gave us edits on our posts, recommended the best times of day to submit, emailed us when stories about our companies hit the front page, and explained how the ranking algorithms worked (and thus we learned how to game them). And we are not the most valuable YC company ever -- so it's possible more was done for Stripe.
It's not direct influence, but rather indirect impact. So again I ask -- Did Patrick request that you write this post?