Did venture capitalists undervalue startups for decades?

Data indicate that the pace of startup value creation reached a fever pitch in 2021. According to venture capital data collected by PitchBook, prices spiked for startup equity across the maturity spectrum last year. The result of those rising prices was a huge gain in the pace at which paper wealth was generated.

The rising velocity of value creation may indicate that rich entry prices for early startup investments will math out as similar pricing dynamics play out in the later stage of company development. READ MORE