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[return to "YC W22 Stablegains is being sued for losing $42M in funds from 4878 customers"]
1. predg+Fa[view] [source] 2022-05-19 07:50:37
>>donsup+(OP)
Seems that YC have been investing in quite a few predatory companies in recent years.

Lambda School and Inflow are two that come to mind.

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2. thot_e+Qh[view] [source] 2022-05-19 09:08:01
>>predg+Fa
Yeah the days of being accepted into YC meaning anything are long gone, they're investing in pretty much anything these days. On the whole I think YC is a lite version of a rugpull though I don't really mean that as some sort of scathing criticism, it's par for the course.

That's just the way most businesses operate, you build up trust and provide loads of value when you're small. Then, as you expand you take advantage of the trust-inertia to exploit the gap between how much value you are perceived to provide and how much value you actually have to provide to keep getting money (or equity) from people and giving it to yourself.

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