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1. blitza+(OP)[view] [source] 2022-05-19 08:12:04
> I remember YC stating that they will "forfeit" their shares in companies that turn out to do unethical things.

Shares in a company are typically "forfeit" when the company you invested in goes bust.

While its a nice virtue signalling headline - giving up something worth 0 (only not worth a large negative number as shares are limited in liability) is not at all noble.

replies(1): >>shafyy+7
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2. shafyy+7[view] [source] 2022-05-19 08:13:32
>>blitza+(OP)
Sure, but if I remember correctly they said that they would give the shares back for free or something. So even if the unethical company didn't go bust but exited, they wouldn't get any cash.
replies(1): >>ALittl+O1
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3. ALittl+O1[view] [source] [discussion] 2022-05-19 08:32:18
>>shafyy+7
Wouldn't that create an incentive for successful companies to be unethical?
replies(2): >>patric+n3 >>blitza+ea1
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4. patric+n3[view] [source] [discussion] 2022-05-19 08:49:17
>>ALittl+O1
I don't think YC would ever forfeit their shares from a successful company.
replies(1): >>webmav+r34
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5. blitza+ea1[view] [source] [discussion] 2022-05-19 16:07:57
>>ALittl+O1
Hey YC that 25mil you paid for 20% of my company, its 0% now caus I am unethical.
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6. webmav+r34[view] [source] [discussion] 2022-05-20 14:08:18
>>patric+n3
It would be an interesting side bet, wouldn't it?
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