Thanks for the weekly newsletter. It's good stuff.
The funding data is perplexing though. Median valuation post Series A is $73M.
Median Series B raise is $21M. Median Series B valuation is $95M.
The data says that on average, companies aren't creating any value between series A and B - or that there's a big disconnect between series A and B investors on valuations.
Thanks for the weekly newsletter. It's good stuff.
The funding data is perplexing though. Median valuation post Series A is $73M.
Median Series B raise is $21M. Median Series B valuation is $95M.
The data says that on average, companies aren't creating any value between series A and B - or that there's a big disconnect between series A and B investors on valuations.
What do you think is driving this dynamic?