from Paul Graham | by Paul Graham

I've been meeting with a bunch of YC companies that are 3 or 4 years old. The interesting thing is that they seem less beaten up than previous cohorts were at this age. I think it's because later stage investors have been tamed somewhat and don't maltreat them so much.

Sure, these companies had Covid happen just as they were getting going. But global pandemics don't seem to do as much damage as investors used to.