3 ms·
First off, congrats on generating that level of interest! The valuation of your company is going to take into account how much has been invested so far and pot
by sjbase 11y ago
First off, congrats on generating that level of interest!
The valuation of your company is going to take into account how much has been invested so far and potential for future growth (among other things). Since it sounds like you haven't had any investors, you'll want to figure out ways to quantify investment so far. Put together a spreadsheet. Don't necessarily show it, but use the sums you come up with as rationale during negotiation.
Some ideas along that line:
-Quantify your personal time investment: add up the value of the time you've put in, including opportunity cost. If you didn't build this company, what could you have earned doing consulting?
-Quantify your traction: if this includes revenue from customers, project how much those customers will earn for your company over the next few years and add that to the total value of the company.
Good luck!