What have comparable businesses raised capital at? Think about it as a calculation like V = P x M (Valuation = Profit x Multiple; sometimes you'll use Revenue i

What have comparable businesses raised capital at? Think about it as a calculation like V = P x M (Valuation = Profit x Multiple; sometimes you'll use Revenue instead of Profit). The Multiple is the magic number. I'm helping a seed round at present, and we managed to find several 'competitors' who raised several rounds each at a fairly consistent Multiple. We have subsequently used that to explain the discount valuation we're using. Crunchbase is a good place to start, and in a big enough market with good google-fu you'll be able to gather the data to support a Valuation.