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Startups are complaining that they're 'only' able to raise $1 million seed rounds

Oct 14, 2015, 03:34 IST

If you're just starting your startup, you don't need a ton of money to do it.

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That's the advice Y Combinator president Sam Altman gave today in a mini-tweetstorm.

Today, founders don't get excited if they can "only" raise a million-dollar seed round of funding, but Altman says that you should be proud to make your company work on as little capital as possible.

After all, he says, Google's seed round would have been a rather unimpressive sum today.

Twitter/Screenshot

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