I was a bit baffled to hear valuations in the latest batches are reaching $15mm+. For seed. Right of of an accelerator.

If they were able to raise on a cap in that ballpark, the $ amount makes sense.

I have a feeling these high valuations and giant rounds will end up doing a disservice to founders of moderately (but not massively) successful startups who are left with $7mm of notes (or safes) to pay back on acquisition with 1x liquidation preference