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I have the same question, although not for a startup. If they’re similar, then definitely go for it. If they’re different, I would wait a week to see if you hear back, and then apply to the other depending.
How big is the startup? You might also be able to mention your interest in both positions in your cover letter, and explain why you think you’re qualified for both. Might be one of the few times a cover letter is useful lol