The methodology of startup valuations is completely opaque, so it's in the interest of VCs to claim the highest possible number, because why not? Everybody putt

The methodology of startup valuations is completely opaque, so it's in the interest of VCs to claim the highest possible number, because why not? Everybody putting in money is NDA'd up to here and they're certainly not going to upset the apple cart by broadcasting skepticism about the 'valued at' number. WeWork was worth $50bn when only VCs could look at their numbers, and $10bn when the S-1 came out.