Valuation whiplash since before the pandemic.
Each part of the venture ecosystem experienced the past 2+ years differently.
The median Series D valuation skyrocketed (up 300% in Q3 of 2021 from Q1 2020). So naturally once valuations turned, these late-stage companies had much further to fall.
Seed, by contrast, saw "plodding" growth across the quarters.
Objectively, every stage is still charting above the pre-money valuation medians of Q1 2020 - in some cases, healthily so!
But the pace of change is as important as final figures. This helps explain why now is a wonderful time to start a new company - you are not dealing with the unwieldy expectations from the boom times.
Big week ahead for Carta data reports, be sure to sign-up here to get them all in your inbox directly: https://lnkd.in/gNa_Dk-F
As always, hug your founder friends and happy Monday.
#cartadata #valuations #paceofchange
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