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!
replyFortunately, some of the old-YC spirit seems to be alive here on HN still.
They likely barely had a product when they applied to YC. It's more interesting as to why this wasn't discovered (if it is even true) when they were raising their Series A.
reply> How did none of this come up during diligence?
replyThe article states that, "Even though we knew we’d technically be lying about our security to anyone we sent these policies to for review ... we decided to adopt these policies because we simply didn’t have the bandwidth to rewrite them all manually."
This is the next one...
replyYou mean from the beginning? They could’ve just done it properly initially then moved to this scam process later
replyDishonesty is high signal for VC
replyLike no one characterizes it like that, but this is the same business where you can tell a story about hiring a bunch of college friends to pretend to be your employees so a client comes to your "office" and thinks you're a legitimate business. And instead of looking in horror at how casually you'll lie to get business it's seen as scrappy and whimsical.