"This is one area that YC has a strong incentive to act in, but hasn't."
This is an interesting thing to consider. If you look at the current president of YC (sama), at least from an outsider's perspective, he's the beneficiary of exactly the type of behavior you're trying to get away from. Based on his company's exit, he is now a VC, but his company was acquired for essentially what it raised, meaning the employees' stock was likely worthless. I have absolutely nothing personal against sama, but let's remember that YC doesn't exist as a charity, it's a business.
Man we are such cattle in this topic. If employees could publicly sell their stock, employees would share information constantly about things like this.
I cant imagine one measure increasing salaries and efficiency more than allowing employees to trade stock.
"but let's remember that YC doesn't exist as a charity, it's a business."
But let's also remember that the people running YC are adults, fully capable of telling right from wrong, and fully capable of being held responsible for their actions. Being "a business" is no more of an excuse for their actions than "following orders" is.
Being able to tell right from wrong, and acting on knowing something you're doing is wrong are different things. It is much easier to do something you know is wrong, when you stand to benefit to the tune of a few dozen million dollars.
This is an interesting thing to consider. If you look at the current president of YC (sama), at least from an outsider's perspective, he's the beneficiary of exactly the type of behavior you're trying to get away from. Based on his company's exit, he is now a VC, but his company was acquired for essentially what it raised, meaning the employees' stock was likely worthless. I have absolutely nothing personal against sama, but let's remember that YC doesn't exist as a charity, it's a business.