Early stage investors are watching the valuations of start-ups with a very high m p s. Unkel: "I think our founders wish i do do a lot for them, but like the people who come in with ot, what are youging to do for me? You know, what? What are your services?" He says he's seen 40 and 50 pre launch deals in the last two or three months that were valued at more than $100 million.

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