chris: decacorn. emily: decacorn.: you know the culture secrecy we have here in silicon valley where you don't tell people your numbers or business model, you don't tell them about the future. emily: isn't that dangerous? chris: it is really dangerous. the stories of founders living lavish lives and investors doing really well is attracting more attention and more posers, and with that attention comes sloppy discipline and a ton of money. think about the early days at y combinator. 12 companies, demo day lasted all day. everyone ran live code, we could ask questions, walk up and try it during demo day. if the deal 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 it demo day. i think it speaks to a desperation on behalf of investors to be a part of this game. a lot of companies are raising that probably shouldn't be raising. some are taking money away from companies tha