Without ever using those terms, this article was a great commentary on the difference between "smart money" and "dumb money." Not to say that the investors snap

Without ever using those terms, this article was a great commentary on the difference between "smart money" and "dumb money." Not to say that the investors snapping up YC companies at big valuations were necessarily dumb; but that the author optimized his fundraising for the smartest of the smart. A good way to position your company for long-term growth.