Yes, I mean a moral hazard in the sense of a divergence of best interests between YC and an overseer.
of all the leadership structures YC has experimented with, the board of overseers seems least proportional in terms of the power of the body and its investment in YC. consider the prior era of YC where all rewards and losses in both finance and reputation fell upon PG and Jessica. once sama became president, he put skin in the game in by staking his professional reputation on YC's success.
i pose the concern of moral hazard because one piece of information has yet to be made public: how board members are impacted by YC's success or failure.
taroth|11 years ago
of all the leadership structures YC has experimented with, the board of overseers seems least proportional in terms of the power of the body and its investment in YC. consider the prior era of YC where all rewards and losses in both finance and reputation fell upon PG and Jessica. once sama became president, he put skin in the game in by staking his professional reputation on YC's success.
i pose the concern of moral hazard because one piece of information has yet to be made public: how board members are impacted by YC's success or failure.