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Startups are complaining that they're 'only' able to raise $1 million seed rounds

Oct 14, 2015, 03:34 IST

If you're just starting your startup, you don't need a ton of money to do it.

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That's the advice Y Combinator president Sam Altman gave today in a mini-tweetstorm.

Today, founders don't get excited if they can "only" raise a million-dollar seed round of funding, but Altman says that you should be proud to make your company work on as little capital as possible.

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After all, he says, Google's seed round would have been a rather unimpressive sum today.

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