EV is a good first step because it’s way easier to calculate than EU. Look at similar companies, do the math, compare to corporate EV and boom - 95% of startup

EV is a good first step because it’s way easier to calculate than EU. Look at similar companies, do the math, compare to corporate EV and boom - 95% of startup offers are really uncompetitive. Reliable EU calculations are mostly possible for pre-IPO companies, and even then…