VCs are quick to defend the rationale of rising seed valuations. For instance, Marlon Nichols, managing general partner at MaC Ventures, said the proof is in the form of traction right out of the gate, driving seed pricing. When he launched his firm back in 2019, he said his average entry check was $2.5 million. Today, it’s $5 million.“The investors are expecting that now,” she said. “The pressure is at an all-time high, not to be a billion-dollar company, but a $50 billion.”The big venture firms, flush wit ...