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YC demo day valuation tensions, how VCs can find gems, Substack's performance & more | E1716
This Week in Startups
The Tension Over Demo Days
Y Combinator has had an ethos of being a little adversarial on the margins with the investment community. The issue that comes up is valuation. YC gets to invest at a $2 million valuation. It's a great deal for YC. In truth, the amount of work it takes to run accelerator is I kid you not 20 times what it takes to be a seed investor or angel investor.
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