PitchBook：2024年第三季度美国风险投资估值报告（英文版）

The market pricing shifts that began in earnest in 2022 have remained largely in a state of rebalancing. Q3 median premoney valuations are high, though a large amount of context is needed for those figures, particularly considering that valuation growth for companies has been slow. The annualized growth rates between rounds, or relative velocity of value creation (RVVC), have cratered by a wide margin from the highest point in the past decade in 2021 to the lowest in that time frame. That the