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Startup valuations are declining — but not consistently

December 1, 2022

When public-market stock prices started to fall, everyone reminded themselves that it would take a few months to see the real impact on the private market — historically a six-month lag. But data from Caplight, a fintech that looks to make secondary trading more transparent, found that late-stage startups weren’t really following a singular trend.

Startup valuations are declining — but not consistently