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Valuation: Term sheet is to be signed. In order to determine equity for my investors, what step-by-step approach for valuating the company would you recommend?
Peter Kemball, CEO at The Kemball Group answered:

The first question cannot be answered as asked. The starting point is agreement on how the investors are to get their money back.

Neither you nor your attorney should attempt to value the business. Who you turn to depends on the business itself.

There are norms available even for pre-revenue firms but usually not term sheets for specific transactions.

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