Startup valuations are declining — but not consistently

While this year’s stock market decline was swift, it was also widespread, with very few companies escaping the downturn. But current market conditions haven’t caused the same uniform trajectory for startups.
When public-market stock prices started to fall, everyone reminded themselves that it would take a few months to see the real impact on the private market — historically a six-month lag. But data from Caplight, a fintech that looks to make secondary trading more transparent, found that late-stage startups weren’t really following a singular trend.
The sample set of startu

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