WHY VENTURE CAPITALISTS WILL OVERPAY FOR SEED ROUNDS

Summary from the TLDR Founders newsletter

The startup ecosystem has experienced a tumultuous period, with the transition from a hyper-growth market to one that rewards a different style of operation. While overall valuations in the seed stage have remained relatively unchanged, the top decile of startups has been less impacted than the second decile, largely due to the involvement of better-known firms who are happy to pay more for a spot on the cap table.