Valuations for private startups headquartered in the U.S. are breaking records yet again, with the average valuation for an early-stage startup rising more than 50% to $93.1 million in the first half of the year, according to new data from PitchBook. Late-stage valuations have expanded even more, reaching a new average of $914 million, or nearly double last year’s average of $500 million. ...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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