Down Round Valuation: How to Survive and Protect Your Equity (2025)
Equidam
JUNE 30, 2025
Companies that would have struggled to raise $5M in a normal market suddenly commanded $50M+ valuations with minimal revenue and no path to profitability. Because revenue multiples are procyclical—they amplify market highs during bull markets and market lows during downturns, creating exactly the boom-bust cycles we’re seeing today.
Let's personalize your content