$300M Valuations for AI Startups? It's Just Getting Started | Derek Norton

$300M Valuations for AI Startups? It's Just Getting Started | Derek Norton

April 24, 2025 · 25 min · Episode 11

About this episode

Derek Norton discusses the evolving venture capital landscape and the implications for AI startup valuations.

In this episode of VC Unfiltered, host Lucas J Pols, GP at Pegasus Angel Accelerator, sits down with Derek Norton, Managing Partner at Watertower Ventures, to unpack how the venture capital landscape is fundamentally shifting — again. Derek shares how his team thinks about investing at the earliest stages, what founders need to survive (and thrive) in today's capital environment, and why AI valuations at Series A may soon routinely hit $200M+. They dive into capital efficiency, founder resi...

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Host: Lucas J Pols

Guest: Derek Norton

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Organizations: Pegasus Angel Accelerator, Watertower Ventures

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