We have good news for tech companies big and small this fine Wednesday morning: valuations are heading higher, though at a modest pace. \nFor nontechnical founders, I get excited about how they can lean into their strengths: (1) deep domain expertise in the sectors they are starting a company (something we often see in vertical SaaS companies where founders have “lived the problem; (2) an ability to recruit and hire amazing talent around them; and (3) a keen sense of customer focus, understanding of market dynamics and business model planning that is important and often the strength of nontechnical founders. That will lift some pressure from startups struggling to raise new capital at attractive prices or harmonize legacy private-market companies’ valuations with their hoped-for IPOs