It's funny to watch YC do this, the one time I was actually invited to interview with YC was when our Chinese co-founder submitted a rather fraudulent[0] application. Angry that we wouldn't participate in his fraud he disappeared and filed a frivolous lawsuit against us (which after many years we won).
China's tech growth is built on IP theft and protection by a murderous regime. It's a total antithesis of what made the Valley great. Big numbers put out by some people in China don't change that.
If YC plans to invest in local Mainland startups:
- ownership is going to tough, likely through dubious trickery
- these uncertain legal rights expose YC to strong political pressures, anybody that has vested interest in China knows it - if you want to have a chance at cashing out your better be in good graces with the CCP
- unethical behavior of YC pupils is inevitable, a PR nightmare in the making. "it's not the real YC, it's YC China, don't blame us!"
You've destroyed your brand, now good luck getting a dollar out of China.
And again, a necessary reminder I like to tell everyone: China is actively imprisoning and killing thousands of people for their religious beliefs. Censorship is nothing. https://en.wikipedia.org/wiki/Organ_harvesting_from_Falun_Go... Few people know it, I certainly didn't, I wish I have. Like many I've heard something about the Falun Gong, I've seen the signs but never bothered to looked into it. It's all real, it's big, almost Nazi scale persecution. Please share it with anybody that does business with China.
[0] because in China I guess that'd only be normal-fraudulent, right?
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