chris: decacorn. emily: decacorn.: you know the culture of secrecy we have here in silicon valley. where you don't tell people your numbers, you do not tell the people your business model, you don't tell them about the future. emily: isn't that dangerous? chris: it is really dangerous. the stories of founders making tons of money and living lavish lives and investors doing really well has started to attract more and more attention, more and more posers. and with that attention comes sloppy discipline and a ton of money. think to the early days at y combinator. 12 companies, demo day lasted all day. everyone ran live code. there were 15 of us in the room investing. we could ask questions, walk up and try it during demo day. and the deals didn't get done that day, we could work on it. demo day today, what is it, 80 companies a class? 450 investors. 3 minutes, no live code. and those deals, half of them are done before they even present at demo day. i think overall, it goes to a desperation on behalf of a lot of investor