Nnamdi Okeke · 13 October 2026 · Industry Analysis

Valuations Need a Correction

Nnamdi Okeke

Observed private valuations systematically overstate the true value of the average startup because only successful fundraisers transact—creating severe selection bias. Using Series A graduation rates to invert this filter, the author estimates median existing Seed valuations around $1M, not the $4-10M implied by new deal headlines.

Read the full post ↗

Topics: Venture Capital & Startups

SandHill indexes 800+ venture capital blogs and newsletters and sends the best of them every Sunday. Browse the sources · browse by topic · read the blog.