[kirinan]

This seems like the same advice YC has been giving for years minus the fact that the market seems to restricting based on the unicorn mess happening which is ultimately probably a good thing in the long term to avoid a bubble and a later collapse. Maybe I've missed the difference between this and the message they had been saying for years now. Though this does seem very solid and something not just YC companies should aim to do. Picking good investors is much more valuable than having a lot of money. Bad investors will give you a lot of money to spend on whatever they tell you spend it on, sometimes good sometimes bad, whereas good investors will give you a little less money and give you the freedom as the founder who may know best to spend it on what you think is best in the long run with some guidance.