The amazing thing is that Silicon Valley doesn't take advantage of young founders in this way (at least much less than in the East Coast/other environments I've

The amazing thing is that Silicon Valley doesn't take advantage of young founders in this way (at least much less than in the East Coast/other environments I've seen). YC did a lot to change the culture of VC in Silicon Valley — I think almost everyone has shifted to playing infinite iterated games where screwing over a newcomer is disadvantageous because you don't know where they'll go in the future.