[axiosgunnar]

This is huge news, isnt it? A YC startup going bankrupt because of the Terra collapse?

[peter422]

Fwiw a lot of YC companies have had large collapses. For example Homejoy which is a lot bigger than this company. It happens. Startups are risky. Not huge news.

[formerkrogemp]

Meh YC backs a lot of scams masquerading as businesses. This period of easy money and wealth concentration has fostered much in the way of misallocation of capital. Y-Combinator exists to make its owners money. Their primary concern is bloody Benjamins, not morality and the public interest.

[gsibble]

As I've said elsewhere, having dealt with them and seen who they invest in, morality does not seem to be an important aspect of YC investments.

[tyrfing]

Interestingly, they removed their prominent YC branding very recently after the collapse. Compare:

https://twitter.com/stablegains/status/1523874916206059525

https://web.archive.org/web/20220510035811/https://twitter.c...

[lupire]

A fraudulent company going bankrupt because the fraud collapsed.

[xvector]

Source on the company being fraudulent?

Source on Terra being a fraud?

Please provide sources for your ad-hominems.