Startup valuations plummet
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Since the spring, entrepreneurs have been gripped by a veritable wave of panic and the climate has become tense.
The level of requirement has crossed several levels at once. By general opinion, “it’s the end of delusional valuations”. If the phenomenon is less visible than a collapse in stock market prices, it is no less real. The shock is all the stronger as it comes after a year 2021 marked by one-upmanship. The table rounds completed by the start-up the most mature (series C or D) had reached records. “In 2022, we will return to the valuation levels of before 2019, it’s a return to normal”, says Oliver Holler, co-founder and CEO of Speedinvest.
Sensing the situation getting tense, entrepreneurs were gripped by a veritable wave of panic in the spring. “The main concern was to secure cash to be able to calmly consider the two or three years to come”, summarizes Marc Fournier, Partner Serena Capital. The start-ups that were in the process of closing rounds of table have hastened to do so, even if it means accepting…
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