One of the reasons that you hear CEO's want a $B valuation is that it becomes "easier to attract top talent". I'm not sure that is valid. You want talent that believes in your mission. Not all $B valued companies have the same risk/reward scenario. It'd be helpful to have some metric of the capital efficiency a company has to get to the $B mark.
The one good side effect is that private investors are taking all of the risk. If there is an adjustment in valuations across the industry, it should not effect the public markets the way it did in 2000. It could however impact the LP market and the number/size of VC funds could go through another cycle.
The one good side effect is that private investors are taking all of the risk. If there is an adjustment in valuations across the industry, it should not effect the public markets the way it did in 2000. It could however impact the LP market and the number/size of VC funds could go through another cycle.