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halamadrid 11 hours ago [-]
This was such as interesting read, but I found this link via LinkedIn rather than hackernews.
I would have expected this to be somewhere at the top right now given how deep the article digs and evidence seems legit.
sebmellen 10 hours ago [-]
I think it may be getting (intentionally?) suppressed from the homepage. Given this is a YCombinator website, I wouldn't rule that out.
Regardless, it's been an ongoing issue. I know a few involved companies — it takes basically 5 days to get a SOC 2 Type 2 report through Delve. And, of course, they market this way too: "SOC 2 in days". Unbelievable.
instalabsai 7 hours ago [-]
Surprised/not surprised that this is getting buried from the homepage
sebmellen 6 hours ago [-]
I just got blocked by another YC founder (and potential investor in Delve?) for refuting his handwavey argument that "all compliance companies do this" [0] — this is beyond just marketing, it is active and blatant/intentional fraud. I don't see how it can be defended. But in that sense it is a major crisis for anyone who invested in the company.
How did none of this come up during diligence? Feels like a prime example of too good to be true.
sebmellen 13 hours ago [-]
Trust me, you can lie and get away with it if you go through YC and dropped out of a top university. Garry Tan blocked me on X for pointing this out. It's a big club, and you ain't in it!
Fortunately, some of the old-YC spirit seems to be alive here on HN still.
allovertheworld 2 hours ago [-]
You mean from the beginning? They could’ve just done it properly initially then moved to this scam process later
All this evidence seems pretty legit. I found this on LinkedIn and came here to post, but noticed it had already been posted. Surprised I didn’t see it on HN front page.
moomoo11 9 hours ago [-]
I miss 2010s YC until like 2017 ish when crypto sort of just caused a massive decline across the board.
I guess it is great if you're a grifter/scammer or looking to just sell off to a FANG.
I would have expected this to be somewhere at the top right now given how deep the article digs and evidence seems legit.
Regardless, it's been an ongoing issue. I know a few involved companies — it takes basically 5 days to get a SOC 2 Type 2 report through Delve. And, of course, they market this way too: "SOC 2 in days". Unbelievable.
[0]: https://x.com/kobyjconrad/status/2034843865396506864
How did none of this come up during diligence? Feels like a prime example of too good to be true.
Fortunately, some of the old-YC spirit seems to be alive here on HN still.
I guess it is great if you're a grifter/scammer or looking to just sell off to a FANG.