Today, the same conditions no longer apply. Pre-product startups with novice founders are getting $8 million pre-money valuations. With all due respect, Chis.

Today, the same conditions no longer apply. Pre-product startups with novice founders are getting $8 million pre-money valuations. With all due respect, Chis. But, if you're looking at pre-product startups asking for a $8M pre, you're looking in the wrong places for startups. Those valuations are the exception, not that rule. And, the problem with publishing those figures, is that entrepreneurs scratch their heads and wonder why they aren't getting those valuations. Those valuations only happen for a handful of companies at the top of YC graduating classes, where investor appetite has been deliberately whipped into a frenzy. There are plenty of other quality startups in the Valley with solid products and revenue that have to pitch 170 times to raise $1M: http://www.brendanbaker.co/2011/04/anatomyofseed/ http://www.brendanbaker.co/2011/04/anatomyofseed/