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Valuation Spreadsheet

Valuation Spreadsheet - NPV single round Single period NPV...

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NPV single round Page 1 Single period NPV method Base Model Variation 1 Variation 2 Variation 3 Variation 4 Variation 5 Exit Value V $25,000,000 $22,500,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 Time to exit t 4 4 4 4 4.4 4 Discount rate r 50.00% 50.00% 60.00% 50.00% 50.00% 50.00% Investment amount I $3,000,000 $3,000,000 $3,000,000 $3,300,000 $3,000,000 $3,000,000 Number of existing shares x 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 2,000,000 Post-Money POST $4,938,272 $4,444,444 $3,814,697 $4,938,272 $4,198,928 $4,938,272 Pre-Money PRE $1,938,272 $1,444,444 $814,697 $1,638,272 $1,198,928 $1,938,272 Ownership Fraction of investors F 60.75% 67.50% 78.64% 66.83% 71.45% 60.75% Ownership fraction of entrepreneurs 1-F 39.25% 32.50% 21.36% 33.18% 28.55% 39.25% Number of new shares y 1,547,771 2,076,923 3,682,349 2,014,318 2,502,235 3,095,541 Price per share p $1.94 $1.44 $0.81 $1.64 $1.20 $0.97 Final wealth of investors $15,187,500 $15,187,500 $19,660,800 $16,706,250 $17,861,700 $15,187,500 Final wealth of entrepreneurs $9,812,500 $7,312,500 $5,339,200 $8,293,750 $7,138,300 $9,812,500 NPV of investors' wealth $3,000,000 $3,000,000 $3,000,000 $3,300,000 $3,000,000 $3,000,000 NPV of entrepreneurs' wealth $1,938,272 $1,444,444 $814,697 $1,638,272 $1,198,928 $1,938,272 Single period NPV method Exit Value V For section 3 For section 4 Time to exit t $10,000,000 $25,000,000 Discount rate r 4 4 Investment amount I 20.00% 50.00% Number of existing shares x $3,000,000 $5,000,000 Post-Money POST 2,000,000 1,000,000 Pre-Money PRE $4,822,531 $4,938,272 Ownership Fraction of investors F $1,822,531 -$61,728 Ownership fraction of entrepreneurs 1-F 62.21% 101.25% Number of new shares y 37.79% -1.25% Price per share p 3,292,125 -81,000,000
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