Multiples for Seed - Series C can vary wildly depending on a company's TAM, team, GTM strategy, among other things. I've seen series Bs at 100x revenue in hot s

Multiples for Seed - Series C can vary wildly depending on a company's TAM, team, GTM strategy, among other things. I've seen series Bs at 100x revenue in hot spaces. M&As tend to be priced more consistently against revenue, due to the change in risk profile for the buyer, and even those multiples can have extreme differences.