Not super surprising if you pay attention to the Soft Bank effect. Recent analyses of ~1,000-2,000 Series A say similar things: https://techcrunch.com/2019/04/2

Not super surprising if you pay attention to the Soft Bank effect. Recent analyses of ~1,000-2,000 Series A say similar things: https://techcrunch.com/2019/04/25/a-quick-look-at-how-fast-series-a-and-seed-rounds-have-ballooned-in-recent-years-fueled-by-top-investors/ https://techcrunch.com/2019/04/25/a-quick-look-at-how-fast-s... Average Series A: * $5.3M raised pre-A * $33M average pre-money valuation * $10-15M average raises * 80% have revenue, with ~$1M revenue to ~talk, and ideally $2M So Series B is the new Series A, Series A is the new Seed II, and Seed.. oh whatever. Even more interesting when talking to investors who are unaware of the new reality. Fun times for fellow CEOs out there :)