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Fortune
Fortune
Jessica Mathews

The new realities of venture capital, in 3 charts

(Credit: Pitchbook)

At the end of last week, I was putting together some charts based on some new third-quarter valuation data PitchBook released last week.

And I have to say I was a bit shocked. After all, numbers can sound rather dramatic. But it’s something else entirely when you can see it visualized. Look for yourself at the incredible decline in median growth-stage valuations over the last two years:

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