The Ledger
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The 2014-2015 VC boom generated 40x and 20x revenue valuation multiples
“And in particular today, I think we've got a little bit of a hangover from the funding cycle of 2014, 2015, where there was a huge boom in venture capital funding, and a lot of companies raised money at very high valuations. And, you know, these are ten millio…”
GGV Capital invested in Alibaba in 2003 at a $200M valuation
“GGB was an early investor in Alibaba Group, and back in 2003, the two hundred million dollar valuation.”