Hosted by Jay Adelson.
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Ask Jay how to turn any business idea into reality: askjay@revision3.com, @jayadelson, or http://youtube.com/askjayadelson Read More
Successful entrepreneur and CEO, Jay Adelson, demystifies the start-up process by providing advice, tips, and answering questions. Today he discusses how companies are able to raise such large amounts of money.
Jay's Chalkboard Notes:
-Competition = higher valuations
-Compelling concepts = competition
-Take little = give little away
-High valuations can set you up for failure
-Don't just take highest offer
Your takeaway assignment based on today's question is learning how to figure out what your company's true valuation is.
-What is your valuation
-What % willing to give away
-Get help figuring revenue multipliers
-Look at similar companies' comps
Have a question about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.
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