Private Ventures & Startups

Private company valuation is inherently imprecise, combining quantitative analysis with qualitative assessment of team, market, and execution potential. Without public market pricing, values are established through negotiated transactions and comparable analysis.

Revenue multiples are the common currency for growth-stage companies, but the appropriate multiple varies enormously based on growth rate, market size, profitability trajectory, and competitive position. Early-stage companies with minimal revenue require different approaches—often based on comparable funding rounds or discounted projections.

Our methodology references comparable transaction multiples, recent funding round valuations, and public company comparables (appropriately discounted for illiquidity and scale). We assess team quality, unit economics, and path to profitability to calibrate risk-adjusted valuations.