His main assertion is twofold: 1) that 'silly number of companies are being seeded' (what is the threshold for silly?) and 2) that valuations are being driven u

His main assertion is twofold: 1) that 'silly number of companies are being seeded' (what is the threshold for silly?) and 2) that valuations are being driven up as a result of the increased competition. Reading through the comments, however, one sees very well-known / respected seed investors all saying the same thing: valuations are actually quite low, and the dollar amounts of each investment are also so low that, not only is there very little competition between funds, many times they end up co-investing in many deals.