Trident Capital Update and Areas of Investment Interest
blog.tridentcap.com/2012/11/trident-capital-update-and-areas-of-investment-interest.html
From the page
Saved with the link. Notes from 2007 to 2016 are mostly the page's own words, so this is probably an excerpt.
While we appear to be returning to normalcy regarding number of venture firms and size of funds, we are still in unreal territory regarding valuations. During 2012 it became apparent that VCs are willing to pay up for top line growth and for companies that have established leadership positions in spaces that are considered important. While it appears that in sectors such as social we have reached the peak of inflated expectations, we have nonetheless been extremely surprised at the valuations achieved by companies that have consistently demonstrated this growth (50-100% yoy growth) and demonstrated escape velocity in revenue ($15-20M+).