contagion

It doesn't have to be the money raised in a series A, we are talking about a bubble in the seed level. In fact it does look like the start to investment without much thought/diligence/etc. There is a large amount of capital chasing early stage deals, people are writing checks after one meeting, giving away uncapped convertible gifts.

Appreciated the information. Hadn't come across these guys before, has anyone pitched them?

Pretty monumental read, going to take its place in the history books. Nice to see the wide range of HN articles out there.

awesome guys with great investors behind them. keep doing your thing!