• thorhop@sopuli.xyz
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    7 hours ago

    Y Combinator is a cesspool of narcicism and degeneracy. They’re the meat and potatoes of corporate cultism. An absolute travesty for the conscience that needs to bare it’s fruit.

    One would show pitty and take someone inflicted out back to end their torrid ramblings of new horizons, domination theory, synergy, and on it goes until an quick and explosive burst makes shell meet cranium.

    This is me being hyperbolic about the housekeeping that needs doing to purge the Silicon Valley companies from all public sector. The history of the place is mired in predation, exploitation and psychological manipulation.

    Their ilk wants nothing good for the world. They pose a general and real threat to democracy, global mental health and also provide digital superpowers to despots, autocrats and fascists.

    Cut the bastards off.

  • Victor Villas@lemmy.ca
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    7 hours ago

    This is a bit of a nothing burger because the vast majority of startups they invest in (and any other US-based VC fund for that matter) is intensely pressuring companies towards structuring as an LLC based in Delaware/Cayman Islands. I guess instead of forcing companies to restructure, they want companies to start off with the structure before coming to them, which ends in the same place.

    If a founder is for some reason insisting on basing in Canada, this founder shouldn’t be looking at YC in the first place since the cash and expectations and market will be all US focused.

  • panda_abyss@lemmy.ca
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    14 hours ago

    It’s not that they won’t invest in Canadian companies, they won’t invest in ones that are not US vassals.

  • kablez@lemmy.world
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    1 day ago

    Oh no, exploitative capitalists don’t wanna fuck over Canadians. Must suck for them…

    • potatopotato@sh.itjust.works
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      1 day ago

      TBF they’re basically silicon valley or nothing. If you’re accepted you have to be in the valley period, at least for the initial period.

      There’s a lot of argument that yc is a real estate play, they give out money but try to lock you into properties they own

      • kablez@lemmy.world
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        23 hours ago

        I wish it were merely that. I think Y Combinator, and the culture it promotes, is part of a much deeper problem in the IT industry: digital colonisation (or astroturfing, if you will). Vast amounts of capital are used to blitzkrieg entire markets, not to build better services but to erase alternatives and own the only platform.

        That’s how companies like Uber Eats gained dominance. They didn’t become market leaders by being better, they swung enormous capital at every problem, undercut local business until they were driven out, then jacked up prices and degraded service once competition was gone. Uber Eats is just one example of this pattern.

        This astroturfing phenomenon has spread everywhere: business directories, event planning, community platforms, even the ways people in a local area connect and share prosperity. What looks like “innovation” is often just foreign investors capital overwhelming local ecosystems that were working just fine.

        Google is the clearest case study. They gave us genuinely useful tools, Gmail, Maps, Android, and wrapped it all in “Don’t be evil.” Once everyone was locked in, the mask was removed. Surveillance, enclosure, rent-seeking, supporting a fascist government regime. The evil didn’t suddenly appear, it was always there. That’s where the initial capital came from in the first place!

        Y Combinator didn’t invent this, but it systematized it: scale first, destroy competition, extract later. The startup business model of tech bros seeking capital was exported overseas and countless idiots today try to ape it at fake tech conferences that are about seeking investor funding, not innovation or a brighter future. The damage isn’t just economic, it’s cultural and social, and it hollowed out entire local and digital communities in the process.

        • kent_eh@lemmy.ca
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          12 hours ago

          They didn’t become market leaders by being better, they swung enormous capital at every problem, undercut local business until they were driven out, then jacked up prices and degraded service once competition was gone. Uber Eats is just one example of this pattern.

          Walmart is the most well known example.

          They have been using that approach for many decades.