For anyone in venture capital in 2021, this is a common narrative. Nate Williams, co-founder and General Partner of seed fund Union Labs described the market as, “SPEED! In 2020, most diligence cycles were definitely compressing into weeks but recently we are seeing some fundraises coming together in days often before their official ’starts.’” A fast-moving and competitive funding environment, combined with a booming stock market and the accelerating rise of valuations at every stage, has left many wondering, “Is this a bubble? How long will it last?”