I would never have said anything publicly about the matter, but I can't stand to hear it described in this misleading way.
I would never have said anything publicly about the matter, but I can't stand to hear it described in this misleading way.
Paul, I agree I should have said "we got in the second time, but I dropped out a week later". I apologize for not being clear but I don't accept that there was anything wrong with what I said.
To be clear, the side project of mine which took off was co-owned 50% by my another founder who was not involved in YC and didn't want to join, so it wasn't mine to simply share with my YC team.
There were 3 cofounders who went to the YC interview - there were 2 cofounders remaining after I left. I was transparent with both of my cofounders and we remain friends to this day - they had zero involvement in the side project from beginning to end. I specifically asked each of them if they felt I was behaving unethically - they responded that they don't believe so and would have done the same in my shoes.
Out of the 2 cofounders in YC, one I later hired to run network operations at my company and the other I am very close friends with and regularly have beers. We left on good terms. Why don't you ask the two of them what they think of me?
You're the reason why I'm an entrepreneur today and I respect you immensely. To hear you describe what I did as treachery is hurtful but worse it's just factually wrong. It was an incredibly difficult ethical decision for me at the time, but I truly believe that I behaved in a transparent and above the board way.
I take responsibility for not talking to you before or after I left - I didn't realize you felt this way about it and I'm happy to have the chance to bring this out into the open.
Reputation saved.
However, I don't feel the same way about your original response. The side project wasn't mine to share, and calling it "treacherous" takes it way too far.
Siqi is correct; we didn't believe he was being unethical. The 3 of us agonized over the situation for quite a while, and understood his decision to leave, especially given that the side project wasn't completely his to share. It was a really tough spot for all of us, and I know he didnt make the decision lightly.
IIRC PG/YC fund the team and not a specific idea. If you are on shaky idea, they would want you to persist and figure out a better idea as a team. This is clear to anyone who follows HN. So it does make sense that PG/YC don't like it if the founder(s) quits when something else interesting (like great job offer or another idea) comes along.
And your POV, that it is something you did outside of YC and don't want to share, makes sense too.
I don't know what I would have done if I was in the same situation.
I know that it's popular to compare picking a cofounder to picking a spouse, but they're not the same thing, and if you start a company with someone who later decides to move on, that's just how it goes. Am I way off?
I don't know this story beyond what two people have just said. But, I know that if I commit to something, I expect my co-founder to also be committed to it (within the bounds of what we've agreed upon). Working on other projects now and then is fine and normal...it's what hackers do. But, if you've committed to build a business with someone, it's not really the idea that makes the business. It's the combined effort and execution of the team. So, splitting your time between building your "private business" and your "co-founded business", and then taking off when the private business has some bit of success, is probably not what an honest business person would do. If you don't believe in the co-founded business idea, anymore, you talk it over with your co-founder, and you try to fix the problem.
But, shit happens. If you give up your equity in the co-founded startup, apologize for flaking, etc. then I guess you've done the best you can. I wouldn't expect the co-founder to ever be willing to do business with you again, but it's probably not what I would call "treacherous", either. I think the story of Evan Williams and Blogger (and Odeo/Twitter, for that matter, maybe even moreso) would sound kind of similar when told by different involved parties, and we don't consider Evan treacherous.
Then again, we are talking about one week later. He had to know that he had other irons in the fire and probably wouldn't be involved in the company much longer. So, yeah, this actually does sound kinda nasty.
Maybe what happened was that he didn't know whether they'd get in YC or not so was OK with being part of the application.
Then they found out they got in and he realized he had to make a decision between the two projects and it took him one week to make that decision.
The side project was a Facebook application. It grew from about 10,000 users to more than a million from interview time to the week the season started (about a month). By the time the season started I had my doubts (along with my cofounders), but I thought I could tough it out and do both. I was wrong and made the hard choice to leave.
A) pg was simply pointing out what the guy had failed to mention in his post.
B) The manner in which you leave a partner to pursue your own thing can vary. It wasn't that he left, from pg's comment I get a feeling the issue is HOW the founder ended his affairs with YC and co-founder.
So relax, keep your side projects. all though I highly recommend that you focus one at a time. put all you can in one idea before you leave and potentially put your team mates in jeopardy to pursue another.
I've talked to other potential founders who like my idea and would want to participate as a side project. But I've been loathe to do that. Initially I thought more help would be better but as I started working on it, it just seemed like it would be a logistical nightmare. Also, PG has some words with people working part time which mostly were not good and I totally agreed with his points.
It's a double-edged sword though. It's infinitely easier to find someone who will work part time on your idea than be committed to it.
Given the stakes involved, most co-founders would expect more of a solid commitment than that.
And you shouldn't have, it's unprofessional from someone holding your position.
> I can't stand to hear it described in this misleading way
How is it misleading? He didn't say we in reference to his YC history. He omitted any concept of more than one person, thus the assumption should be that he was speaking about himself. Which is fine.
Oddly enough I actually know (well, actually met) Siqi back in the day when he was at Powerset. It's interesting to hear this kind of story.
Go figure. :\
Anyway, I saw Siqi's response and it seems pretty legit.
Has YC changed its contractual agreements with new YC companies to avoid such treachery in the future ?