Re:How to Raise Investment
by tomblomfield on Tuesday September 14, 2021 @04:38AM
(#28521922)
I have made 43 angel investments in the last 6 months, 90% at seed and pre-seed. 75% in the UK.
The lowest valuation I've paid was £3m, and this happened exactly once.
My mean valuation for seed is around £8-10m.
It tops out at around £20m.
Perhaps my sample is skewed. Not many of the companies I'm investing in use SeedLegals. Investors often insist they use actual lawyers.
Actually I've seen nothing to suggest that valuations have changed since our article. If you're seeing differently, all feedback welcome.
I should add that I always have a lingering concern that so many people reference that article - both founders and investors - that in some ways it's moved from reflecting market to making market... which means the bar to making sure it's accurate is high.