Comment by sinker | Hacker News Reader

Comment by sinker | Hacker News Reader

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I didn't state it strongly enough. Startups are for the rich and privileged, by the very nature of their mechanism of success. Lottery tickets, playing blackjack, rolling dice, are things which should only be done with what you have in excess. I don't think it's YC's responsibility to even societal odds. They are downstream from that position and simply consume and profit off those who have more than they need.

YC is a business entity not a non-profit organization dedicated to wealth distribution. You're asking it to do a job outside its core responsibility (profit, survival). If you want to make the argument that YC should up it's funding, that argument has to establish itself as being strongly in the interest of YC, otherwise it doesn't make much sense.

Well then I guess I didn't state it strongly enough: society does worse when the startup process is only accessible by the rich and priviledged.

YC isn't under an obligation to do the best it can for society. But if it wants to do that, or even to approximate it, the filter functions it uses implicitly and explicitly need to be considered carefully. YC has said a variety of things that indicate that it does have some desire to trend in this direction, at least in the past.

It seems like YC has grown large and successful enough that it can shed some monetary value for the sake of greater social benefit. It has zero effect on me if they grant 25k, 50k, 100k, 200k to groups. My argument and position is not that participating companies shouldn't receive more money. That I don't care about at all. My concern is that it's being expressed that YC should be acting in accordance to perceived social justice rather than as what it is and always has been, a startup incubator. The argument is that an amount of money like 25k is equivocal to YC practicing racial exclusivity because it's not enough money to cover the needs, expenses, and risk calculations of a financially and socially impaired person. In that case, what amount of seed money is not considered to fall under the practice of racial exclusivity? I think the accusation is flimsy in the first place, and no defined amount of money would allay those kinds of allegations.

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