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Tyler Hogge. 🎯 @thogge
, 4 tweets, 1 min read Read on Twitter
the ultimate question of the silicon valley experiment:

Does putting more money into the ecosystem lead to an expansion of high quality startups?


is the # of high quality startups hard capped (e.g. by a scarce resource such as exceptional founders)?
the hard-cap hypothesis is Fred Wilson's POV:…
And presumably the soft cap hypothesis is the big bet @ycombinator is making (along with the flood of other early stage money)
“The seven worst words in the investment world: ‘too much money chasing too few deals.’”
-Howard Marks
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