Valuation
Definition
A startup valuation is the negotiated price of the company at a financing, set by stage norms, comparables, revenue multiples where metrics exist, and competition for the deal.
How it comes up in fundraising
In 2026, typical bands run $3M to $8M caps at pre-seed, $10M to $25M at seed, and 15x to 30x ARR at Series A for B2B software.
Frequently asked questions
How do I value my pre-revenue startup?
By stage norms adjusted for team and evidence; formal frameworks exist, but recent comparable deals govern what investors accept.
Can a valuation be too high?
Yes: a price your metrics cannot grow into forces a flat or down next round, which costs more than the extra points gained today.
Round Funded resources
Put this term to work
Definitions win negotiations only when you are in one. Find the investors who fund your stage and start the conversation.
Browse the investor database