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The idea that a YC acceptance letter magically justifies a $30M pre-seed valuation wasn’t born from economics or fundamentals. It was born from one hyper-inflated market cycle fueled by brand signaling, competitive bidding, and pure investor FOMO. That price tag usually isn’t tied to revenue, validated demand, or proven execution. It comes from an auction environment where investors aren’t pricing the business, they’re pricing access to YC. That’s not real market value valuation. Meanwhile, the
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