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by garry 1198 days ago
We are advocating better regulation to prevent this from happening in the future. It's in the petition.
6 comments

Thanks for the reply Garry. I’m a random nobody here, but I just don’t understand how so much of YC had exposure to this institution and no one was checking in on this. It’s a systemic failure.

Demo days are great and pump the pipeline. Who’s doing your third party and vendor risk management across the portfolio? Who is doing and monitoring public policy? Rhetorical, not meant to salt the wound, I genuinely want YC to learn from this and do better.

Well, now you are. But the milk's been spilt.
> We are advocating better regulation to prevent this from happening in the future. It's in the petition.

Details matter — let's wait to see what y'all actually advocate when it comes down to writing actual regulations.

You really have this non-answer thing down. If the business thing doesn't pan out you could certainly pivot to politics.
Agreed, and it's kinda crazy that someone as respected as him is choosing to die on this hill.
Per Wikipedia, he's the President of YC, he's essentially a politician (without the ostensible duty to the public)
"in the future"... I think that sums it up pretty well.
What am I supposed to believe, your words or your actions?