Y-Combinator   297

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Did everybody see what just happened? The pendulum has swung. - Find Office Space - 42Floors
Let me take you back to Y Combinator demo day, summer of 2009. We launched FlightCaster. I have this distinct memory of standing in the lobby, seeing these investors talking to each other. I sheepishly introduced myself, giving them the 30-second pitch on FlightCaster. They weren't rude, they weren't abusive, but they weren't hungry to talk to me.

There had not yet been a Dropbox valuation. Airbnb had only recently launched. And Heroku was still a small 12-person company. The prevailing conversation was about how Y Combinator companies produce features not products. How the companies had strong technical teams but would need maturity before being ready for a seed level institutional investment. Even the top 2 or 3 companies of the batch struggled to raise money.

Well that time has passed. The pendulum has swung.
funding  valuations  startups  y-combinator  vc  seed_rounds  investors 
5 weeks ago by rufous

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