Castles in the Sky? The Artifice of Early-Stage DCF Valuations
Version française/French version: LINK Valuing early-stage startups is a delicate art. At this stage, relying on discounted cash flow (DCF) models is an illusion. Financial projections are built on assumptions about growth, margins, and discount rates that are far too fragile. It’s wiser to use more pragmatic approaches, such as Lire la suite…