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No, startups shouldn’t always take the highest valuation, seed VCs say
One of the lessons that the wild Silicon Valley venture funding environment of the past few years has clearly taught is this: Bigger valuations are not
“I think we’ve all kind of seen the negative impact of having a valuation too high from the last, call it, three years,” Elizabeth Yin, co-founder of Hustle Fund said onstage at TechCrunch Disrupt last week. A much better way to raise money is to “create a tight process,” by setting reasonable valuation expectations from the get-go, VC Corinne Riley, partner at Greylock, said onstage. Image Credits: Barak Shrama/ Slava Blazer Photography / Flickr (opens in a new window) If a VC comes in with a term sheet that wildly beats all the others in valuation, founders should look at the fine print.
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