“Everyone is raising huge venture rounds at wild valuations, it’s all easy now.”
Eh…not quite.
Median valuations in early-stage venture are rising quickly
For seed and Series A, they've never been higher
In prior booms, the number of rounds rose alongside the valuations
But in this one, there are actually fewer rounds being completed
Higher valuations (and more $) into fewer companies = concentrated bets as an asset class.
Personally I'd like to see more odd, weird, off-the-radar founders getting a shot.
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