Ben Narasin, venture partner at NEA, says fierce competition has fueled high valuations for a growing number of “rocket” startups. NEA
Median valuations for late-stage startups have risen to record highs, according to PitchBook data. Intense competition for deals in the hottest startups has pushed up prices, investors told Insider. Investors are moving to younger startups and restructuring term sheets in order to cope, they said. See more stories on Insider’s business page.
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