
Recent data indicates that seed-stage valuations for US startups have remained high and relatively stable over the past 18 months, despite fluctuations in interest rates and global events. According to a report by Carta, seed and Series A valuations rose in Q3, while Series B valuations declined. Round sizes have continued to grow, although fewer rounds occurred compared to Q2. Analysis by @whoisnnamdi suggests that seed valuations are influenced more by supply and demand factors and competitive bidding rather than a fundamental valuation of the business.
Another banger from @whoisnnamdi. Why are seed valuations so stable? Because they're not really valuations. "Seed valuations are not a fundamental valuing of the business itself, they are the result of various supply and demand factors, competitive bidding, or other mechanics" https://t.co/QmeHrBqhI7
New data: startup valuations and round sizes in Q3. Seed and Series A rose in valuation, Series B declined. Round sizes continued to grow Things look expensive vs historical data, but fewer rounds happening than in Q2 we think Full First Cut report from Carta in next post https://t.co/EKdTWMp327
Epic analysis and post, h/t @susanfsu Seed Valuations Aren’t Valuations, by @whoisnnamdi https://t.co/eYmOQrNFlE



