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506 VC economics: why startup valuations are art while dilution is a science

BetaKit
Silicon Valley Bank @ BetaKit · 01/10/2022 06:05 EDT

VC economics: why startup valuations are art while dilution is a science

You need to understand the investor mindset.

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ĐĐ”ŃŃ‚Đ°Đ±ĐžĐ»ŃŒĐœĐŸĐ” ĐżĐŸĐ·ĐžŃ†ĐžĐŸĐœĐžŃ€ĐŸĐČĐ°ĐœĐžĐ” — ĐœĐ” Ń‚ĐŸĐ»ŃŒĐșĐŸ ĐżĐŸĐ»ŃŒĐ·ĐŸĐČĐ°Ń‚Đ”Đ»ŃŒŃĐșая ĐżŃ€ĐŸĐ±Đ»Đ”ĐŒĐ°, ĐœĐŸâ€ŻĐžâ€ŻĐŽĐ»Ń ĐœĐ°Ń ĐșаĐș Ń€Đ°Đ·Ń€Đ°Đ±ĐŸŃ‚Ń‡ĐžĐșĐŸĐČ ĐșĐ°Ń€Ń‚ĐŸĐłŃ€Đ°Ń„ĐžŃ‡Đ”ŃĐșĐŸĐłĐŸ сДрĐČОса. ĐšĐŸĐłĐŽĐ° ŃĐżŃƒŃ‚ĐœĐžĐșĐž Ń‚Đ”Ń€ŃŃŽŃ‚ŃŃ ОлО ĐŽĐ°ĐœĐœŃ‹Đ” ŃŃ‚Đ°ĐœĐŸĐČятся ĐœĐ”Ń‚ĐŸŃ‡ĐœŃ‹ĐŒĐž, рушотся Ń†Đ”Đ»Đ°Ń Ń†Đ”ĐżĐŸŃ‡Đșа: ĐŸŃ‚â€ŻĐŸŃ‚ĐŸĐ±Ń€Đ°Đ¶Đ”ĐœĐžŃ ĐŒĐ”ŃŃ‚ĐŸĐżĐŸĐ»ĐŸĐ¶Đ”ĐœĐžŃ ĐœĐ°â€ŻĐșартД ĐŽĐŸâ€ŻĐżĐŸŃŃ‚Ń€ĐŸĐ”ĐœĐžŃ ĐŒĐ°Ń€ŃˆŃ€ŃƒŃ‚Đ° Đžâ€ŻĐżĐŸĐČĐ”ĐŽĐ”ĐœĐžŃ ĐœĐ°ĐČĐžĐłĐ°Ń‚ĐŸŃ€Đ°.А ĐžŃŃ‚ĐŸŃ‡ĐœĐžĐșĐŸĐČ ĐŸŃˆĐžĐ±ĐŸĐș ĐŒĐœĐŸĐłĐŸâ€Żâ€”â€ŻĐżĐ»ĐŸŃ‚ĐœĐ°Ń Đ·Đ°ŃŃ‚Ń€ĐŸĐčĐșа, ĐżĐŸĐŽĐ·Đ”ĐŒĐœŃ‹Đ” парĐșĐŸĐČĐșĐž, Ń‚ĐŸĐœĐœĐ”Đ»Đž Đž Đ·ĐŸĐœŃ‹ с ĐœĐ”ŃŃ‚Đ°Đ±ĐžĐ»ŃŒĐœŃ‹ĐŒ ŃĐžĐłĐœĐ°Đ»ĐŸĐŒ. Đ§Ń‚ĐŸĐ±Ń‹ ĐżŃ€ĐžĐ»ĐŸĐ¶Đ”ĐœĐžĐ” ĐŸŃŃ‚Đ°ĐČĐ°Đ»ĐŸŃŃŒ Ń€Đ°Đ±ĐŸŃ‡ĐžĐŒ ЎажД ĐČ таĐșох ŃƒŃĐ»ĐŸĐČоях, ĐŒŃ‹ ŃŃ‚Đ°Ń€Đ°Đ”ĐŒŃŃ ŃƒĐ»ŃƒŃ‡ŃˆĐžŃ‚ŃŒ ŃĐžŃŃ‚Đ”ĐŒŃƒ ĐżĐŸĐ·ĐžŃ†ĐžĐŸĐœĐžŃ€ĐŸĐČĐ°ĐœĐžŃ. ĐĐžĐ¶Đ” р Read more â€ș

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