zlacker

>>akanet+(OP)
The irony of a company called "Stablegains" providing investments for a possibly incredibly volatile resource is astounding. Hope YC puts out a statement on this.

>>camdat+4c
Yeah, its quite disturbing that YC declined to comment - especially knowing how many similar crypto companies they are funding. I don’t want to see YC get targeted and brought down by the Feds.

>>prattc+Jc
Wouldn't YC be one of the defrauded investors?

>>verdve+6f
Sure, I'm expecting a statement more along the lines of "Here's how we attempted to do due diligence and failed (and thus failed in our responsibility to fund investors)" rather than accepting fiduciary responsibility for Stablecoin.

>>camdat+Wf
I think the due diligence at the point of acceptance into YC is fairly minimal. It might not even go beyond the application answers and the 10min interview... not sure though. I'd be curious to learn more about it.

*edit: Seems YC participated in the follow-on round after the batch ended, so I imagine some extra due diligence goes into that.