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Beginner's Mind
I like your co-op idea itself, the pooling of a certain % of each startup as incentive for everyone to collaborate and help each other more. It will be interesting to see how that works out, and whether that's an idea that other similar investors attempt. Perhaps even an eventual backport of the idea to YC's program... :)
It's not a mistake and you don't owe anyone an apology. You're doing a good thing.
f
TOS?
Pagination style?
Navigation menu?
Clearly, these aren't legal issues - given the number of Digg and other clones but more a matter of good web citizenship. Would be helpful to have a code of ethics/etiquette like this since there are so many grey areas.
The right way to go about it would have been to ask Y Combinator for permission to use the same application to make it easy for applicants and then advertise that fact. Then people would have said what a fabulous labor-saving idea that was, drinks all around!