Funding Fridays No. 11

Happy Friday!

Welcome to Funding Fridays – a briefing on startup funding.

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The VC Pullback

No VC wants to do “a 2022 deal at a 2021 valuation”, but what is a 2022 deal exactly?

We’ve certainly come down from the 100x-200x ARR craziness but there’s still the odd financing round that gets done at those levels. Founder expectations are all over the place, with many still living in the 2020-2021 valuation world. The general perception amongst VCs is that deals are still very expensive.


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