Tech Startup Valuations Skyrocket — What does a Bubble Look like?

Private company valuations jumped more dramatically last year than in any other year since the middle of the previous decade. According to PitchBook data, the median late-stage VC valuations in the US was about 20x revenue in 2021 — nearly twice as high as the year before (10.9x).

*PitchBook data as of Jan 10, 2022. Multiple is defined as post-money valuation divided by trailing 12 months revenue