Earlier today, we joined friend and former colleague Jon Fortt of CNBC in interviewing partner Pat Grady of Sequoia Capital, and it proved a wide-ranging conversation (we wound up blabbing for an hour, which was not always the plan). You can check out the video below but we thought there were some highlights worth pulling out for some of you, including as it pertains to the current market, which has never felt frothier.
It’s more than anecdotal. According to a recent Wilson Sonsini report that we referenced during this chat, during the first quarter of this year, the median pre-money valuation for Series C and later financings hit a
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