alt Hacker NewsThanks for the insight. So regarding what you explained above, is Corgi's fate supposed to be similar to Delve's? Or are those numbers so big/important for YC that they won't be banned?
Thanks for the insight. So regarding what you explained above, is Corgi's fate supposed to be similar to Delve's? Or are those numbers so big/important for YC that they won't be banned?
Not necessarily. Delve did a lot of bad things, the primary reason for their removal was misrepresentations they made to other YC startups, i.e: YC startups paid them for security audits that turned out to be bunk which caused a big headache for their customers. Basically, the rest of YC wanted them gone for causing widespread chaos.
Delve’s first drama was around copying from other startups, it was later that their betrayal came out. Corgi is currently at the copying from other startups stage… one might choose to believe there is a path they’re following rather than this being a one off.
For example, I outlined in another comment how their product is not what it seems, it is not traditional insurance, it takes advantage of an esoteric piece of insurance regulation. They’re doing very aggressive underwriting without any of the traditional insurance regulatory protections applying to them.
https://news.ycombinator.com/item?id=48672328
Someone might believe that their conduct + very high risk product + exposure to a large number of YC companies means they’re very similar to Delve.
Plus the founders are at the top of another funnel… Forbes 30 under 30. 30u30 is practically a kiss of death.