YC makes it very clear they will disavow any company or founder that acts unethically. YC is strict about very few things, but this was made clear in no uncertain terms (especially by Jessica). When things go bad, YC always gets involved – even if you don't read about it online.
Don't blame YC just yet. We don't know what happened here. Maybe Homejoy went into debt, had their assets seized, and lost control (like with GigaOM). Maybe the investors approved or forced a reincorporation under another name. Maybe Handy bought the assets and is quickly trying to stem off churn. Or, yeah, maybe something unethical happened. Until we know what happened, though, it's all speculation.
Don't blame YC just yet. We don't know what happened here. Maybe Homejoy went into debt, had their assets seized, and lost control (like with GigaOM). Maybe the investors approved or forced a reincorporation under another name. Maybe Handy bought the assets and is quickly trying to stem off churn. Or, yeah, maybe something unethical happened. Until we know what happened, though, it's all speculation.