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Bah. They're not "overpriced" as long as someone is willing to pay the price. Startup pricing is about as close to a frictionless transaction as we're going to see. What they're actually complaining about is that the YC companies are getting better terms from investors, thanks to PG/YC's deliberate efforts to shift the balance of power in favor of the founders. I'm not crying tears for them. They don't like the terms, they're welcome to walk away from the table.

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