And that's the average; many were higher. There are probably amazing startups out there that raise at a $2M valuation, but it's definitely at the low end of the range in the current funding climate. If you're looking to join a startup, I wouldn't fixate too much on valuations, but I do think it helps to be aware of what the current market is like.
(Note that it varies by region. Silicon Valley and NYC are probably comparable, but other regions have less investment and so have lower valuations on average.)
And that's the average; many were higher. There are probably amazing startups out there that raise at a $2M valuation, but it's definitely at the low end of the range in the current funding climate. If you're looking to join a startup, I wouldn't fixate too much on valuations, but I do think it helps to be aware of what the current market is like.
(Note that it varies by region. Silicon Valley and NYC are probably comparable, but other regions have less investment and so have lower valuations on average.)