Flock was valued at $7.5 billion last year, and it's probably worth more now. It's absolutely one of YCombinator's success stories.
YCombinator's goal is to make a lot of money by causing there to be more startups, and therefore more successor startups. "Make the world a better place" is not one of their success metrics. They're investors, not altruists.
Why would they? There’s no “pro-social” enforcement in their funding terms, so they’re just as “morals aren’t applicable to profit” as any off-the-shelf C-corp is. If they required their startups to found B-corps then I’d understand trying to apply human ethical concerns to them, but they don’t, so human morals simply don't apply.
CobrastanJorji|6 days ago
YCombinator's goal is to make a lot of money by causing there to be more startups, and therefore more successor startups. "Make the world a better place" is not one of their success metrics. They're investors, not altruists.
soperj|6 days ago
computerthings|6 days ago
[deleted]
rvz|6 days ago
We should not expect any VC no matter how big or small to care.
john_strinlai|6 days ago
dyauspitr|6 days ago
propagandist|6 days ago
cyanydeez|6 days ago
lm28469|6 days ago
altairprime|6 days ago