Bearish VCs, bullish founders and changing investing trends

During the early days of the COVID-19 pandemic, concern was high, public markets were suffering and it wasn’t hard to find wags on Twitter declaring that the world had changed and startup valuations were now off 40% — if you could put a round together.
But last night, we reported that more startups than expected were raising new capital at a higher valuations than prior rounds, an event often called an “up round.”The Exchange is a daily look at startups and the private ma