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Will startup valuations start to recover in 2024? Investors aren’t so sure
Most VCs think valuations are close to the bottom, if not already there, but few think there will be any relief in 2024.
In 2021, it felt like every startup was able to raise at an inflated valuation no matter its size, sector or underlying business model. A recent TechCrunch+ survey of more than 40 investors found that very few VCs actually expect valuations to rise again this year. Kirby Winfield, founding general partner at Ascend, predicted that seed valuations will likely keep declining another 5% to 10% before they normalize.
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