Are tech valuations artificially low, or are we simply returning to reality?

Yesterday this column discussed a tranche of data from Carta detailing an evolving venture capital market. We argued that the collected information showed the existence of a Series C “crunch,” or a bottleneck in the capital ladder that startups climb.
Because there have been “crunches” at various stages before, the fact that Series Cs are particularly stubborn today might not ruffle your feathers. But because C rounds could be considered the gateway to late-stage startup status, many upstart tech companies are staring down a widening chasm from their Series A and B roun

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