Earlier quoted context omitted.
Interesting to read those valuation benchmarks. I'd seen this article in SeedLegals previously https://seedlegals.com/resources/how-to-value-your-company/ that seem to be quite a lot lower. It was written at the end of 2019, do you think it's just wrong? Or has it changed that much in the past 2 years? Or is it a different set of startups?
Hi Tom, it's Anthony from SeedLegals here, author of that article. Actually I've seen nothing to suggest that valuations have changed since our article. If you're seeing differently, all feedback welcome. I should add that I always have a lingering concern that so many people reference that article - both founders and investors - that in some ways it's moved from reflecting market to making market... which means the…
The lowest valuation I've paid was £3m, and this happened exactly once.
My mean valuation for seed is around £8-10m.
It tops out at around £20m.
Perhaps my sample is skewed. Not many of the companies I'm investing in use SeedLegals. Investors often insist they use actual lawyers.