6/10 Law - Process • Select 3 Analogous Companies (high, medium, low success) with similar business models • All 3 should have gone public • Thought Experiment: – Can we grow at those rates? – How much money did they need to raise and when? – When were they IPO-ready? – What did their businesses look like? Revenue, growth, margins, G&A, R&D, etc.
Inside the Black Box of Venture Capital Page 69 Page 71