What is the payoff?

A conversation between an angel investor and founder(s)

See a video.
Include owner valuation: no

If pre-money valuation is
$ M...

investing $ M...

returns
$ Million

$ M owner equity

Total equity value
$ M

These returns represent a x cash on cash return and an IRR of %.

over years...

( % investor share)

Financial projections
notch

Revenue multiple: x

Straight line
Exponential curve
Adjusted by year

EBITDA Multiple x

Constant: % of rev
adjusted by year


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