INSUBCONTINENT EXCLUSIVE:
This week, nearly 200 startups convened at Y Combinator Demo Day to pitch venture capitalists, angels and other folks looking to spend some
money.YC chief executive officer Michael Seibel took some time out of his busy schedule to join us on a special episode of Equity,
Given that we had Seibel to chat with, Kate and Alex decided to drop the regular format and riff interview-style about what the accelerator
program is up to.We discussed the new startup batch (roundups here, here, and here), recent changes to the program, rising deal prices,
SAFEs versus convertible notes and the future of technology in San Francisco
years has been institutional investors moving from just kind of Series A funds and growth funds down to the seed level
The reality is that, as the pool of capital increases in the seed world, the seed investors are competing against each other and one of the
here:To hear more from Seibel and watch four more video clips discussing YC, the new class, and the startup game in San Francisco and
beyond, become an Extra Crunch member