Hypothetical example (Please Time travel with me to Dec-2015):-<p>Larry, Sergey and Dr Winograd were part of YC96.
They have started Google.<p>Elon, Sam, Greg, Ilya, Wojciech and John have applied to YC15. They plan on starting OpenAI.
One of plans all six of them agree upon is that they have a realistic and ambitious path towards disrupting Google.<p>In 2015, some YC partners are on the board of Google and have a moral obligation to give great advice to Google.
In such a scenario, how do group partners handle OpenAI's cause fairly?
Time travel ends here.<p>I apologize if I seemed to offend anyone with my example. I am just curious about this scenario.<p>Tangent:-
If any readers are working in the legal space, and familiar with Attorney-client privilege; I would love to know of techniques you use for similar problems.
If YC partners are on the board <i>as YC</i> rather than as individuals, then YC as a whole has a Duty of Loyalty to that company and could not sit the other board or invest as a Major Investor. There are scenarios though where the individual at YC is on a board as themselves, and YC invests in another company where unrelated group partners are the ones working on the investment and that is fine.<p>Disclosure: not a lawyer, YC is a Major Investor in my startup.