I’ve heard 100s of startup pitches this year. Here’s the good, the bad and the meh recurring trends from my experience: The good: - High raise amounts and valuations. More inflated for strong teams pre-revenue in hot areas (robotics, bio, personal agents) - Insane topline growth numbers, many growing >10x this year. By the time a round closes, a high valuation seems justified. - Tons of M&A It is what it is: - Revenue run rate = last month revenue x 12 - Small teams - Seat based < Platform…