On: Founder Ethics

[joshu]

I would like to see "keeping investors informed" as part of the honesty thing. I've had a few YC founders dissapear without so much as a "we're shutting down."

[rdl → joshu]

Fold that into the "spend money for the unique benefit of the company"?

A lot of these really fall into "fiduciary responsibility", but a more 20-year-old accessible statement of that would be ideal.

[joshu → rdl]

I don't think anyone absconded with anything. The company legitimately gave up the ghost. An email explaining it and then shutting down the company so I can take my losses would be nice, though.