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-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 :)