Rob Hayes of First Round Capital | E249

In this episode, Jason Calacanis, Tyler Crownley, and Rob Hayes discuss startup round sizes, angel investing, and the motives behind Instagram's acquisition. They speculate on YouTube's worth as an independent company and the essential traits for entrepreneurial success. They also compare pressures faced by LPs, VCs, and CEOs, discuss reputation management, and share their views on the Y Combinator bubble.