Ralston: Top investors prefer backing startups before they gain expensive traction
Geoff Ralston · Fundraising Fundamentals By Geoff Ralston · Y Combinator · Oct 10, 2018 · at 10:21
Geoff Ralston, Y Combinator partner, explains why elite venture capitalists seek out founders prior to product traction to secure lower valuations.
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“Interestingly, the very best investors want to get you before you have all that stuff, because you're expensive by then. The greatest, best investors are Airbnb before they're Airbnb, before they have traction.”
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