Optimize for success, not equity - Jack Altman
Nothing in tech feels like more of a bubble than YC demo day. While the average seed deal in 2012 was valued at around $6 million, YC deals are routinely two or three times that expensive.
Nothing in tech feels like more of a bubble than YC demo day. While the average seed deal in 2012 was valued at around $6 million, YC deals are routinely two or three times that expensive.Hyper-expensive deals are a problem, but not so much so for investors. YC companies could easily be two or three times as likely to be successful as average startups, and as long as investors pick the good startups, they will do well regardless of the terms. YC has not yet proven to be a bubble; investors have done very well with these deals. Instead, the main losers from these inflated valuations are the…
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