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y combinator

Y Combinator head Sam Altman agrees with other recent complaints that early stage startups are often overvalued.

But he blames investors, not the founders who started those companies.

His remarks counter a Twitter rant earlier this month from Dave McClure of rival accelerator 500 startups, who criticized some founders for insisting on high valuations, then balking at terms that would protect small investors in case of an early exit.