I wonder how much of the growth in valuations in the early rounds (given birken/df07's comments) is explained by the "Seed is the new Series A" phenomenon[1].
It's very challenging to make sense of all this. You can say "Series A valuations are higher" but does that mean higher valuations per revenue (or whatever metric), or just that the terminology has changed, or one of several other possibilities?
It's very challenging to make sense of all this. You can say "Series A valuations are higher" but does that mean higher valuations per revenue (or whatever metric), or just that the terminology has changed, or one of several other possibilities?
[1] http://www.k9ventures.com/blog/2015/06/05/the-seeds-have-cha...