Valuations are fundamental information about any startup. Not only can high valuations give a company bragging rights, it can also affect how much its stock could eventually be worth or how much another company will be willing to pay to acquire it.
Figuring out how much a company is worth can be easy in some industries; if more people stayed at an Airbnb last year than the year before, the company is likely worth more.
Biotech valuations are based on far less concrete information — and the industry is notoriously more private than the tech industry, for example, which has become more and more willing to talk about valuations.
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