Why Q3’s median valuations actually make perfect sense

Valuations have been top of mind for the entire venture industry this year as many VCs try to navigate their overvalued portfolios and founders scramble to conserve cash and grow into their lofty valuations.
So one might have predicted that valuations would fall off a cliff this year. But that hasn’t happened because venture investing just isn’t that simple.
First, let’s look at the numbers: According to PitchBook data, the median seed deal pre-money valuation in the United States was $10.5 million, up from $9 million last year. The median early-stage valuation through the th

リンク元