State of the Market - April 2025
Macro, Markets, Multiples & More👇
👋 Hi, I’m Andre and welcome to my newsletter Data-Driven VC which is all about becoming a better investor with Data & AI. Join 33,240 thought leaders from VCs like a16z, Accel, Index, Sequoia, and more to understand how startup investing becomes more data-driven, why it matters, and what it means for you.
Welcome to the third edition of our new Sunday “Resources” stream where we share our most valuable data & resources across four rotating formats:
30 Hottest Startups of the Month (last one here)
Top Downloaded Resources from The Lab #1 (last one here with top 10 prompts for startup sourcing)
State of the Market (this is today!)
Top Downloaded Resources from The Lab #2
For 1. and 3., we collaborate with best-in-class partners to ensure you get the highest quality data. For 2. and 4., we leverage our ever-growing product portfolio and share selective snapshots of the most sought-after resources from The Lab.
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State of the Market - April 2025
Today marks our first monthly market update where we share the latest macro insights, trends, multiples, and benchmarks - all backed by facts & figures.
Most data for today’s episode was provided by our partner Multiples.vc, your go-to source for verified M&A valuation multiples and public comps based on analyst estimates, at a fraction of the price of legacy data providers.
We aim to unify all macro, market & valuation data into a single episode, so you don’t need to check various sources to get a complete picture. Here’s what we’ll cover today:
Macro: Key indicators & perspectives from economic, finance, and political leaders
Markets: Venture funding, M&A & IPO activity + top 50 IPO candidates
Multiples: Valuation, growth & efficiency benchmarks
Let’s jump in👇