**What is the post-money valuation for my pre-seed round?**

How to value my startup like a VC

How to value your startup like a VC

**What is the post-money valuation for my seed round?**

What is my post-money valuation?

**What is the post-money valuation for my pre-seed round?**

How to value your startup like a VC

**How much equity do I give away?**

**What is the pre-money valuation for my seed round?**

**What is the pre-seed investor’s ownership after a seed round?**

**What is the convertible investor’s discount?**

How much equity do I give away with a convertible?

**How much equity do I give away? Convertible with a discount**

**What is the convertible investor’s discount?**

How much equity do I give away with a convertible?

**How much equity do I give away? Convertible with a discount**

What is the pre-money valuation for my pre-seed round?

What is the convertible investor’s pre-money cap?

**What is the convertible investor’s pre-money cap?**

How much equity do I give away with a convertible?

**How much equity do I give away? Convertible with a cap**

What is my ownership after 2 rounds?

**What is my ownership after 2 rounds? Equity/equity**

What is my ownership after 2 rounds?

**What is my ownership after 2 rounds? Convertible with a discount/equity**

What is my ownership after 2 rounds?

**What is my ownership after 2 rounds? Convertible with a cap/equity**

**Equity or convertible with a discount?**

**Equity or convertible with a cap?**

Haters: “You can’t value startups.”

Haters: “Valuation is hard. I’ll just do a convertible.”

Haters: “My valuation is low. So, I’ll do a convertible.”

Haters: “I’ll ask the investor for my valuation.”

Haters: “I don’t care. Just give me money. Or I’m bankrupt.”