Startup valuations have never been higher. What’s causing this frenzy?
Business Insider recently posed that question to six investors, including Joe Raczka, COO and managing partner at York IE. Their consensus answer was two-fold:
Investors are hotly competing with each other to get in on potential billion-dollar companies, which is driving up startup valuations.
There are a lot of strong startups that deserve the valuations they’re getting.