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Building Genuine Relationships and Valuation Dynamics in Startup Investing
The chapter explores the significance of authentic relationships over transactional ones in the investment realm, particularly in Silicon Valley. It discusses the valuation variances between California and other states in pre-seed rounds, attributing the 'California premium' to factors like experienced founders and the regional ecosystem. Additionally, it delves into the growing importance of institutional knowledge in the startup world, emphasizing the value of repeat founders and the premium associated with graduates from accelerator programs such as Y Combinator.