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by manwithopinions12 hours ago |
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upvoteby fg1379 hours ago|
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> Corgi were paying Dropbox thousands of dollars per month for DocSend.

That's like, nothing, for a company in the insurance business valued at 3b

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upvoteby manwithopinions8 hours ago|
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turns out it was less than $1,000 per month.

A startup raises ~$100m at a ~$3bn valuation and forms a team of 12 employees including their Head of Operations to build a clone of a product they pay less than $1,000/month for while they have more than 50 open roles they are hiring for.

Hmmm, yes, a very good use of available resources.

https://xcancel.com/SergioGarc20223/status/20702512486962956...

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upvoteby kaikai5 hours ago|
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Sounds like someone had an internal “team bonding” hackathon
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upvoteby ValentineC4 hours ago|
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> Another YC startup, Delve, got caught doing what Corgi are accused of (and much more) which led to their removal from YC.

I'm not up to date on Corgi, but from what I was reading about Delve, it was the "much more" (fabricating SOC 2 and ISO 27001 compliance) that caused them to get into trouble.

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upvoteby liendolucas11 hours ago|
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Thanks for the insight. So regarding what you explained above, is Corgi's fate supposed to be similar to Delve's? Or are those numbers so big/important for YC that they won't be banned?
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upvoteby deaux8 hours ago|
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Flock (YC S17) tells us that no, YC won't mind if you're building the Torment Nexus, as long as it whitelists other YC affiliates.
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upvoteby nerdsniper8 hours ago|
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Delve screwed over other YC startups, Corgi is stealing from a non-YC startup. Therefore, there will be no official censure from YC. This is a pretty well-established fact pattern historically. Just don't mess with the YC community if you want to stay in YC.
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upvoteby liendolucas7 hours ago|
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That's pretty lame. Startups that show this behavior to the OSS community should be equally punished, be under the YC umbrella or not.
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upvoteby skeeter20206 hours ago|
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I don't think there's some sort of "line" that Delve crossed and Corgi has not, more likely the financial upside for YC wrt Corgi is much, much bigger. They're not going to mess with that even if the screw over a few of their other startups. YC absolutely loves to tout this family dynamic across all their companies and alumni, but there is no way the relationship between a few dozen startups looks anything like that between literally thousands of companies. It's a scaled up tech-hype startup machine now, and has attracted the same MBA-types they supposedly defeated 20+ years ago.
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upvoteby manwithopinions11 hours ago|
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Not necessarily. Delve did a lot of bad things, the primary reason for their removal was misrepresentations they made to other YC startups, i.e: YC startups paid them for security audits that turned out to be bunk which caused a big headache for their customers. Basically, the rest of YC wanted them gone for causing widespread chaos.

Delve’s first drama was around copying from other startups, it was later that their betrayal came out. Corgi is currently at the copying from other startups stage… one might choose to believe there is a path they’re following rather than this being a one off.

For example, I outlined in another comment how their product is not what it seems, it is not traditional insurance, it takes advantage of an esoteric piece of insurance regulation. They’re doing very aggressive underwriting without any of the traditional insurance regulatory protections applying to them.

https://news.ycombinator.com/item?id=48672328

Someone might believe that their conduct + very high risk product + exposure to a large number of YC companies means they’re very similar to Delve.

Plus the founders are at the top of another funnel… Forbes 30 under 30. 30u30 is practically a kiss of death.

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upvoteby DaedalusII8 hours ago|
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it takes advantage of an esoteric piece of insurance regulation. They’re doing very aggressive underwriting without any of the traditional insurance regulatory protections applying to them.

elsewhere; "Laqua, whose father is a lawyer for an insurance company"

lol

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