startup valuations

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The venture slowdown finally hit early-stage valuations, PitchBook data shows

According to PitchBook, the median valuation of early-stage U.S. startups that raised venture capital was lower last quarter than in Q1 2022.

10:51 am PDT • August 16, 2022
The venture slowdown finally hit early-stage valuations, PitchBook data shows

Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses…

Now that Klarna has a new valuation, is Affirm cheap?

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Most startups were overvalued before 2021, and now it’s causing problems

In a normalizing market like this one, once-inflated valuations can become a big problem, particularly for founders, employees and early investors.

11:00 am PDT • July 1, 2022
Most startups were overvalued before 2021, and now it’s causing problems

French President Emmanuel Macron hopes there will be 100 French unicorns by 2030. Economy Minister Bruno Le Maire, 10 homegrown decacorns. But shouldn’t we all dream of centaurs instead?

25 French unicorns, 25 French unicorns, do I hear 100?

If you feel cloud and software stocks should not trade for less than their historical average, then you have cause to cheer. But is that a valid perspective?

Why software valuations could drop more if things don’t change soon

To understand how much the late-stage market has changed in the last few months, we’re once again pulling public market data that we will contrast against mega-unicorn Databricks’ known results.

Rerethinking Databricks’ valuation in a more conservative startup market

A dataset from Carta, a unicorn whose software helps companies manage their cap table, showed valuations are in decline, but not evenly.

Here’s how far startup valuations fell in Q1 2022

Based on our look at recent PitchBook data and what we’re hearing, we’re in what could be the early stages of a venture slowdown.

Are we seeing evidence of a startup slowdown?

Featured Article

When raising at a 40x multiple makes sense

With a $4 billion valuation and roughly $100 million ARR, Webflow is valued at precisely the number that we cast as a figment of yesteryear.

7:08 am PDT • March 18, 2022
When raising at a 40x multiple makes sense

The venture capital market is retreating somewhat from its aggressive 2021 pace, new data indicates.

New data shows how far VCs are pulling back on US Series A, B, and C valuations

What’s your startup worth with a single-digit revenue multiple? For startups building software in the last few years, the question may sound unnecessarily harsh. It’s not.

Your startup raised at 40x revenue. What’s it worth at, say, 6x?

We’re no longer in startup Kansas, y’all. If current conditions hold, we’re going to see some startups struggle this year. Maybe even a lot of them.

A rough draft of the teetering startup landscape heading into Q2

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As Databricks reaches $800M ARR, a fresh look at its last private valuation

Big-data analytics unicorn Databricks is back in the news, disclosing a new revenue figure and its 2021 growth rate. TechCrunch has been tracking the company for years, curious about its growth and what its rising worth said about its market. Today we’re revisiting its last private round measured against its most recent financial data. But…

1:57 pm PST • February 17, 2022
As Databricks reaches $800M ARR, a fresh look at its last private valuation

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When will VCs hit the brakes?

Optimism over caution. Until the latter bests the former, it’s FOMO season for startup investing.

6:20 am PST • January 19, 2022
When will VCs hit the brakes?

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Future tech exits have a lot to live up to

Investors appear to be betting that the future IPO market will accelerate at attractive prices. Otherwise, none of what we are seeing regarding the rising price of startups makes sense.

10:42 am PDT • August 23, 2021
Future tech exits have a lot to live up to

Do low startup revenues compared to their valuations indicate that there are many houses of cards set to fall in time? The answer is maybe, but probably not. Let’s discuss…

How to make the math work for today’s sky-high startup valuations

The United States has, over the past few decades, been extremely lenient on antitrust enforcement, rarely blocking deals, even with overseas competitors. Yet, there have been inklings that things are…

Will startup valuations change given rising antitrust concerns?