Pulling valuations data for Q1 2023 as we speak - one initial finding stood out.
What happened to Series D?
Q3 2021. Times were good. Capital was plentiful, interest rates were nowhere to be seen. And the median Series D company in the US was a unicorn.
Today, that same company might be valued at less than $250 million.
Hug your favorite late-stage founder, it's not easy out there.
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