Jeremy Liew at Lightspeed Venture Partners has today’s Great VC post titled Asymmetric risk and the dangers of too high a valuation.  Before you dismiss this post as self-serving VC tripe, read it carefully as it contains several gems that are worth considering when you are raising money.  Jeremy’s goal in the post - as echoed by his second comment – is to “pay attention to the risks of having valuations being both too high and too low, and understand the asymmetries in those risks.”