Because there have been “crunches” at various stages before, the fact that Series Cs are particularly stubborn today might not ruffle your feathers. But because C rounds could be considered the gateway to late-stage startup status, many upstart tech companies are staring down a widening chasm from their Series A and B rounds and their hoped-for future. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. There’s good news and bad news for early-stage tech companies. GGV’s Jeff Richards, a venture capitalist with a penchant for tweeting investment banking research (which never bothers us), noted on Twitter in response to our reporting that while Series C and D rounds do look pretty nasty today, there’s reason to believe that a good number of early late-stage companies are going to have enough cash to self-power for some quarters to come:
Are tech valuations artificially low, or are we simply returning to reality? by Alex Wilhelm originally published on TechCrunch
