Valuation
定義
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.
資金調達における位置づけ
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.
よくある質問
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.