our board of overseers is modeled after what universities do. it should be much lighter touch than a board of directors.
as someone who cares about the future of YC, i am glad that a mechanism is in place to guard the integrity of the YC president, and i wonder mechanisms are in place to guard the integrity the YC board.
I feel like that should be a quote from a Harry Potter novel.
If not, can you clarify what you mean?
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.