It was written at the end of 2019, do you think it's just wrong? Or has it changed that much in the past 2 years? Or is it a different set of startups?
Actually I've seen nothing to suggest that valuations have changed since our article. If you're seeing differently, all feedback welcome.
I should add that I always have a lingering concern that so many people reference that article - both founders and investors - that in some ways it's moved from reflecting market to making market... which means the bar to making sure it's accurate is high.
The lowest valuation I've paid was £3m, and this happened exactly once.
My mean valuation for seed is around £8-10m.
It tops out at around £20m.
Perhaps my sample is skewed. Not many of the companies I'm investing in use SeedLegals. Investors often insist they use actual lawyers.