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“In addition, processing hundreds of follow-on rounds per year has created significant operational complexities for YC that we did not anticipate. Said simply, investing in every round for every YC company requires more capital than we want to raise and manage. We always tell startups to stay small and manage their budgets carefully. In this instance, we failed to follow our own advice.”
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Is picking winners difficult? Or is it that the economy has a hard cap on how many winners will occur every year?
Is picking winners difficult? Or is it that the economy has a hard cap on how many winners will occur every year?