Sam Altman recently wrote[1], "Yes, it’s awful to hear the horror stories of wildly inappropriate behavior from investors to the entrepreneurs pitching them. (Unfortunately, stories like these are not super rare, but because there’s a big cost to going public with them, most never get told. My hope is that YC has enough leverage at this point to make it clear that this is unacceptable and we will not continue to work with investors who do it.)"
Today, Jessica Livingston writes, "Nearly all the investors we know are completely upstanding and professional, but even one inappropriate incident is too many."
Sam's statement implies that this behavior is more common than most folks would like to believe, and that Y Combinator is prepared to punish investors who engage in it. Jessica's statement subtly suggests that this behavior is less common, and that the vast majority of the investors Y Combinator works with are above engaging in it.
Which one is it?