Founder Fridays No. 23
Practical tips to help founders scale smartly.
Happy Friday!
As always, the first Friday of the month is focused exclusively on startup fundraising data from the previous month. The downward trend on valuations continue. See the data below.
Pre-Seed
Median Money Raised:
$922,200
Median Post-Money Valuation:
$8,700,000
Seed
Median Money Raised:
$2,995,200
Median Post-Money Valuation:
$19,200,000
Series A
Median Money Raised:
$11,107,800
Median Post-Money Valuation:
$56,100,000
Series B
Median Money Raised:
$19,103,750
Median Post-Money Valuation:
$123,250,000
About Founder Fridays
Founder Fridays is a weekly briefing designed to help founders level up by learning best practices on startup funding, growth, product and management. After reading you will have industry context, think more clearly, make smarter decisions faster and spot new opportunities before anyone else. It is written by Kyle Westaway – Managing Partner of Westaway All funding data is from our partners at AngelList.
Startup Funding Guides
I’ve put together a series of guides to equip founders to excel at fundraising. These guides break down the deal term by term and give you negotiation tips so that you can speak to investors with confidence.
Should We Work Together?
This newsletter is my passion project. When I’m not writing, I run a law firm that helps startups move fast without breaking things. Most founders want a trusted legal partner, but they hate surprise legal bills. At Westaway, we take care of your startup’s legal needs for a flat, monthly fee so you can control your costs and focus on scaling your business. If you’re interested, let’s jump on a call to see if you’re a good fit for the firm. Click here to schedule a 1-on-1 call with me.