StartupsPitchBook Newsabout 1 hour ago
Smaller VCs Court Pre-Founder Startups
3 min read
Smaller venture capital firms are courting founders before companies exist due to intense competition. US first-time VC financings hit 8,625 through Q3, topping 2021 records. Median pre-seed valuations tripled to $12 million from $4 million in 2020. Typical seed deals now average $19.5 million pre-money.
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