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by corin_ 5028 days ago
The best part is the way TC explained how it's non-binding:

> "startups are required to honor their highest bid if follow up, in-person interviews are successful and they want to make a hire."
1 comments
waterlesscloud 5028 days ago
The people they want to hire are fine with walking away from insulting tactics like lowering the bid. Plus there would be serious reputational damage.
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corin_ 5028 days ago
It just seems kind of irrelevant to say that they are "required to honor" anything, given that they are entirely free to decide not to hire someone they bid on, and that someone is entirely free to not accept any offer they make.
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angelbob 5023 days ago
I'm not used to actually seeing "serious reputational damage" materialize.

It doesn't help that the company running the auction has a strong vested interest in these stories not coming to light.

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