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YC was peak funny money. I work extensively with startups and it was increasingly apparent in the last few years that the main objective of the startup was to raise funding, not to build product or deliver value.

The number of "unicorns" that will be around in a decade is likely in the low double digits at best.




Starting one unicorn is a big achievement. Helping start 12 is incredible.

That’s over 12 billion dollars by definition.




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