Early-stage prices have not changed materially but velocity has slowed considerably to what one might agree is a corrected same pace, but the best deals are still commanding similar revenue multiples. Are these deals overvalued too? Managing partners at Unitus Ventures explain
In a court of law, attorneys can ask a judge for a “summary judgment” where they assert that the facts in the case are indisputable and there is no reason for a jury trial to be used to separate facts from partial truths or lies. In the case of recent IPO tech valuations, the summary judgment has been clear for months. The public markets are the judge and jury, and they have beaten internet stock valuations to a pulp (Nasdaq down by 34 percent since its peak on November 19, 2021).