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Summary
SamNav editorialPeople have been saying that startup valuations are really high for about 3 years now. I myself feel that they are high, but I have no idea when they are likely to change. It’s mostly investors that talk about valuations being way too high....
Excerpt · opening linespulled from source
People have been saying that startup valuations are really high for about 3 years now. I myself feel that they are high, but I have no idea when they are likely to change. It’s mostly investors that talk about valuations being way too high. But they’re the ones that keep willingly paying higher and higher prices. In fact
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Original source
Read the full essay on Sam Altman's blog
blog.samaltman.com/valuations
Opens the original in a new tab · last reachable 2026-06-05