There are a few problems here. FTC disclosure, affiliate tax laws and mostly that icky feeling people get when they get spammed, especially by friends.
But in the eyes of YCombinator, I don't think this matters, because they aren't betting on refer.ly. They're betting on the woman who's founding it. PG's been pretty open about betting on the people and not the idea. Based on the article (and Dave McClure's glowing recommendation) it seems like a pretty sound bet.
But in the eyes of YCombinator, I don't think this matters, because they aren't betting on refer.ly. They're betting on the woman who's founding it. PG's been pretty open about betting on the people and not the idea. Based on the article (and Dave McClure's glowing recommendation) it seems like a pretty sound bet.