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Delve removed from Y Combinator (ycombinator.com)

510 points by carabiner · 149 days ago · 314 comments on HN

Article summary

Delve, a company that provided compliance services, has been removed from Y Combinator's website. The removal is likely related to allegations of fake compliance and fraud. The company's founder has made statements on social media that have been criticized as insincere. The exact reasons for Delve's removal from Y Combinator are not specified in the available information.

Main themes

  • Compliance and fraud
  • Startup ethics
  • Y Combinator's role
  • Fake it till you make it
  • Law and regulation

What commenters say

  • Delve's removal from Y Combinator is a result of their alleged fraudulent activities, which undermined the trust of their customers and investors.
  • The line between 'fake it till you make it' and blatant fraud is blurry, and many startups have knowingly broken laws to gain an advantage.
  • Ignoring or breaking laws is technically the same thing, and the distinction between the two is not relevant in a legal sense.
  • The motivations and context behind breaking a law can make a difference in how it is perceived, with some cases being seen as more justifiable than others.
  • Delve's case is particularly egregious because their business was centered around providing compliance services, making their alleged fraud a betrayal of their customers' trust.
  • Some startups have successfully challenged laws and regulations, but Delve's actions were not an attempt to change the law, but rather to profit from fake compliance.
  • The fact that some companies, like Airbnb and Uber, have facilitated law-breaking without facing severe consequences, sets a problematic precedent for other startups.
  • The distinction between ignoring a law and intentionally breaking it may not be relevant in a legal sense, but it can make a difference in terms of public perception and opinion.