Funding Fridays No. 15
A briefing on startup funding delivered on the first Friday of each month.
It’s the first Friday of the month, so that means it’s time for Funding Fridays.
August has wrapped up, that means venture capitalists will soon be back from San Tropez or the Amalfi Coast and ready to get back to work. Getting deals done in August is almost impossible. It’s incredibly frustrating for founders. Founders should understand that there are there are black out dates in venture capital which are roughly November 15 — January 7th and July 15 — September 7th. The reason is that many venture capital deals require a full partner meeting to approve an investment and it’s just logistically challenging for all of the partners’ schedules to align. If even one partner is on vacation, the deal can’t be approved. Learn more in this article by VC Mark Suster. Both Sides of the Table (4 minutes)
Pre-Seed
Median Money Raised - $430,000
Median Valuation - $2,250,000
Seed
Median Money Raised - $2,300,000
Median Valuation - $7,263,509
Series A
Median Money Raised - $12,864,081
Median Valuation - $45,000,000
Series B
Median Money Raised - $29,000,000
Median Valuation - $460,000,000
Series C
Median Money Raised - $32,500,000
Median Valuation - $255,000,000
About Funding Fridays
Funding Fridays is a briefing on startup funding written by Kyle Westaway – Managing Partner of Westaway.