When I talk to my friends who are not currently at startups, or the Silicon Valley, the perception is that VCs and individual investors are throwing around investment dollars like drunken sailors. Outsiders think that
there is a bubble, and that any company with two engineers and an idea will get funded (though there is some truth to that in certain cases). The reality is, competition has never been fiercer for startups, especially at the seed stage, to close a round. The pendulum
may have swung for Y-Combinator companies, but not everyone else.
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