Want to raise a series A? Be smarter at seed

This article makes me wonder what planet I'm on.

" I’ve seen bright seniors in college trying to raise money for pre-product startups at a $10M pre-money valuation. "

Wat?

"Capital is easy to come by, historically speaking, and this leads many startups to treat it as a perennial resource."

Raising money is hard and it's not easy to get capital.