There’s No Free Money Anymore

“The early-stage continues to resemble the late stage of years past.”
That’s quite the lede from Pitchbook’s 2021 VC Valuations Report. As Yogi Berra once said, “It’s getting late early.”
According to this report, the median early-stage valuation jumped 50% YoY to $45 million in 2021. “This value represents a higher median than the late-stage just a few years ago and illustr…

The post There’s No Free Money Anymore appeared first on The Irrelevant Investor.