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Valuation

18 Questions for Pre-Revenue Valuation of a Startup

Oftentimes, I’m asked about the concept of pre-revenue valuation for a startup. Well, that’s a very difficult thing because you’ve got no revenue and certainly no profit. How do you value this? In my opinion, the first step in the valuation of a company is to ask these 18 questions. These 18 questions cover five areas. First is trust; second is the idea; third is execution; fourth is the exit; and the fifth is enthusiasm.

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The Trade-off between Simplicity and Precision

In the trade-off between simplicity and precision, I choose simplicity. I have more than 20 years of experience in the financial industry. First as an analyst, then as Head of Research. Over those decades, my thoughts on the trade-off between simplicity and precision have, to put it mildly, evolved. These days I love to keep it simple!

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