Most pre-revenue entrepreneurs determine their company valuation through calculations of Discounted Cash Flow, Net Present Value, or comparisons with the early valuation of already successful companies. Most experienced early-stage investors looking at a pre-revenue company start with a valuation of zero. These two starting points are obviously far apart but, neither is the right answer. […]

The seesaw for the founders is often about how much money to raise versus the pre-money valuation to use. The right amount of money to raise is usually the amount required to achieve the next inflection point in perceived value of the company. That might be a product launch, a single customer contract, a trigger […]

So, you’re an eager founder with the next best thing since sliced bread in your hands and your IP adviser has told you that you must not expose your idea without first securing a Non Disclosure Agreement (NDA). Or maybe, it was another adviser or friend who told you to get an NDA to prevent […]