YC demo day valuation tensions, how VCs can find gems, Substack's performance & more | E1716

In this episode, Jason Calacanis discusses YC's demo day valuations, ways to avoid overpaying for startups, and Garry Tan's response to valuation complaints. He also shares tips for YC startups to approach VCs, reacts to a leaked law firm expectations list, and analyzes Substack's 2021 financials.