{"id":1464,"date":"2024-10-03T10:04:41","date_gmt":"2024-10-03T06:04:41","guid":{"rendered":"https:\/\/eoninvestment.com\/?p=1464"},"modified":"2026-04-15T15:40:43","modified_gmt":"2026-04-15T11:40:43","slug":"vc-method","status":"publish","type":"post","link":"https:\/\/eoninvestment.com\/ka\/2024\/10\/03\/vc-method\/","title":{"rendered":"VC \u10db\u10d4\u10d7\u10dd\u10d3\u10d8<\/span>"},"content":{"rendered":"

VC Method<\/p>\n\n\n\n

There is a startup valuation method called the VC (Venture Capital) method, which differs from the DCF method for mature companies, as cash flows in startups are less predictable. Consequently, the methodology is technically simpler.<\/p>\n\n\n\n

The indicators used by venture funds to make investment decisions are more intuitive than scientific, and thus largely depend on the experience of the evaluator. The valuation sequence is as follows:<\/p>\n\n\n\n

\"\"\/<\/p>\n\n\n\n

I will explain each step and later upload an Excel file with specific examples:<\/p>\n\n\n\n

    \n
  1. Expected Value at Exit = Exit Valuation*Probability<\/strong><\/li>\n<\/ol>\n\n\n\n

    First, a figure must be determined that represents the value of the startup when the VC fund exits, assuming the scenario develops successfully. While mature organizations are valued based on expected cash flows, here the focus is solely on the successful scenario. A successful outcome is considered to be the company going public (IPO).<\/p>\n\n\n\n

    Expected Value at Exit = Exit Valuation * Probability<\/p>\n\n\n\n

    First, a number must be determined, which will represent the startup’s value at the time the VC fund exits, assuming events unfold successfully. While we estimate expected cash flows when valuing a mature organization, here the focus is solely on the successful scenario. Success is defined as taking the company public through an IPO.<\/p>\n\n\n\n

    This approach is important to maintain a certain level of objectivity in the valuation process. First, the Exit Value should be determined, and then the result should be multiplied by the probability of success.<\/p>\n\n\n\n

    Exit Value can be determined using two methods:<\/p>\n\n\n\n

    Absolute Method (Discounted Cash Flows):<\/a><\/strong> The organization’s projected cash flows post-IPO are forecasted, and then discounted to calculate its value at the IPO moment.<\/p>\n\n\n\n

    Comparative Method (Market Multiples):<\/a><\/strong> Similar startups that have gone public are analyzed, and based on those, the value of the given startup is assessed.<\/p>\n\n\n\n

      \n
    1. Present Value of Exit Value<\/strong><\/li>\n<\/ol>\n\n\n\n

      In the next stage, the figure obtained in the first step needs to be discounted to determine its present value:<\/p>\n\n\n\n

      PV Exit = Exit Valuation*P\/(1+r)^t<\/p>\n\n\n\n

      It’s important to note that the historical r (rate of return) for statistically successful startups is 15%.<\/p>\n\n\n\n

        \n
      1. Target Multiple of Money<\/strong><\/li>\n<\/ol>\n\n\n\n

        The 15% represents the cost of capital for successful startups, but since the probability of success is involved, in the second stage, the probability (P) and the discount rate (r) are simplified into a target return. To make this more understandable for a broader audience, the concept of the “multiple of money” is introduced.<\/p>\n\n\n\n

        The logic is as follows:<\/p>\n\n\n\n

        P\/(1+r)^t = 1\/M = (1+ Target Return)^t<\/p>\n\n\n\n

        For example, if the probability of success is 20% in 5 years, the multiple of money M = 10.1, and the annual target return is 59%.<\/p>\n\n\n\n

        \"\"<\/a><\/figure>\n\n\n\n

        Venture funds usually have a predefined standard for the multiple. For instance, they might state, “We are looking for startups that can return five times our investment within 5 years.”<\/p>\n\n\n\n

          \n
        1. Retention Percentage<\/strong><\/li>\n<\/ol>\n\n\n\n

          Depending on which series of investment the fund is participating in, it considers the possibility that further funding rounds may be needed, reducing its stake. For example, it\u2019s statistically determined that Series A investors retain about 50% of their purchased stake until the IPO. As a result, the value of the fund’s stake at exit is reduced:<\/p>\n\n\n\n

          PV of Partial Exit = PV Exit * Retention Percentage.<\/p>\n\n\n\n

            \n
          1. Fund Rate<\/strong><\/li>\n<\/ol>\n\n\n\n

            It is implied that VC funds’ services come at a cost and that the final outcome is divided between the investor (Limited Partner) and the fund (General Partner). Typically, funds take 2% of the committed funds for management fees and 20% of the final profit (Carried Interest).<\/p>\n\n\n\n

            To determine what portion of the final amount (profit + invested capital) belongs to the fund versus the investor, they rely on the fund’s historical performance and subjective evaluations of the multiple of money. Moreover, it’s important to consider that the profitability and lifespan of the fund differ from those of individual investment projects. The formula is:<\/p>\n\n\n\n

            GP% = Carry%*(M*Investment – Carry Basis)\/(M*Investment)<\/p>\n\n\n\n

              \n
            1. Decision – Investment Recommendation<\/strong><\/li>\n<\/ol>\n\n\n\n

              If the final discounted result exceeds the required investment, the recommendation is positive; otherwise, it is negative.<\/p>\n\n\n\n

                \n
              1. Excel Model – VC Method (Geo)<\/a><\/strong><\/li>\n<\/ol>\n\n\n\n

                P.S. Recently, VC funds have started using options valuation methodologies\u2026 but more on that in another post.<\/p>\n\n\n\n

                \u10ec\u10e7\u10d0\u10e0\u10dd:<\/p>\n\n\n\n

                Venture Capital & the Finance of Innovation – by A. Metrick & A. Yasuda<\/p>","protected":false},"excerpt":{"rendered":"

                \u10d0\u10e0\u10e1\u10d4\u10d1\u10dd\u10d1\u10e1 #\u10e1\u10e2\u10d0\u10e0\u10e2\u10d0\u10de\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 VC \u10db\u10d4\u10d7\u10dd\u10d3\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10d6\u10e0\u10d3\u10d0\u10e1\u10e0\u10e3\u10da\u10d8 \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d8\u10e1 DCF \u10db\u10d4\u10d7\u10dd\u10d3\u10d8\u10e1\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d3\u10d4\u10d1\u10d0, \u10e0\u10d0\u10d3\u10d2\u10d0\u10dc \u10d0\u10e5 \u10e4\u10e3\u10da\u10d0\u10d3\u10d8 \u10dc\u10d0\u10d9\u10d0\u10d3\u10d4\u10d1\u10d8 \u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d0\u10d3 \u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d8\u10e0\u10d4\u10d1\u10d0\u10d3\u10d8\u10d0, \u10d3\u10d0 \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3 \u10db\u10d4\u10d7\u10dd\u10d3\u10dd\u10da\u10dd\u10d2\u10d8\u10d0\u10ea \u10e2\u10d4\u10e5\u10dc\u10d8\u10d9\u10e3\u10e0\u10d0\u10d3 \u10e3\u10e4\u10e0\u10dd \u10db\u10d0\u10e0\u10e2\u10d8\u10d5\u10d8\u10d0.\u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10da\u10d4\u10d1\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d6\u10d4 \u10d3\u10d0\u10e7\u10e0\u10d3\u10dc\u10dd\u10d1\u10d8\u10d7\u10d0\u10ea \u10d5\u10d4\u10dc\u10e9\u10e3\u10e0\u10e3\u10da\u10d8 \u10e4\u10dd\u10dc\u10d3\u10d4\u10d1\u10d8 \u10e1\u10d0\u10d8\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10d2\u10d0\u10d3\u10d0\u10ec\u10e7\u10d5\u10d4\u10e2\u10d8\u10da\u10d4\u10d1\u10d0\u10e1 \u10d8\u10e6\u10d4\u10d1\u10d4\u10dc \u10e3\u10e4\u10e0\u10dd \u10d8\u10dc\u10e2\u10e3\u10d8\u10ea\u10d8\u10e3\u10e0\u10d8\u10d0 [\u2026]<\/p>","protected":false},"author":12998525,"featured_media":4374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_eon_insights_quality":"","_eon_insights_decision":"","_eon_insights_destination":"","_eon_insights_merge_group":"","_eon_insights_required_changes":"","_eon_insights_start_order":0,"_eon_featured_insight":0,"_eon_insights_map_version":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[774675955,164077271],"tags":[],"eon_topic":[],"eon_learning_path":[],"eon_collection":[],"eon_level":[784445728],"eon_content_type":[],"eon_source":[784445711],"eon_idea":[784445697],"eon_framework":[],"class_list":["post-1464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture-capital-the-finance-of-innovation-by-a-metrick-a-yasuda","category-vc-valuation","eon_level-advanced","eon_source-venture-capital-the-finance-of-innovation-by-a-metrick-a-yasuda","eon_idea-vc-valuation"],"yoast_head":"\nVC Method - Eon Investment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eoninvestment.com\/ka\/2024\/10\/03\/vc-method\/\" \/>\n<meta property=\"og:locale\" content=\"ka_GE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VC Method - Eon Investment\" \/>\n<meta property=\"og:description\" content=\"\u10d0\u10e0\u10e1\u10d4\u10d1\u10dd\u10d1\u10e1 #\u10e1\u10e2\u10d0\u10e0\u10e2\u10d0\u10de\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 VC \u10db\u10d4\u10d7\u10dd\u10d3\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10d6\u10e0\u10d3\u10d0\u10e1\u10e0\u10e3\u10da\u10d8 \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d8\u10e1 DCF \u10db\u10d4\u10d7\u10dd\u10d3\u10d8\u10e1\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d3\u10d4\u10d1\u10d0, \u10e0\u10d0\u10d3\u10d2\u10d0\u10dc \u10d0\u10e5 \u10e4\u10e3\u10da\u10d0\u10d3\u10d8 \u10dc\u10d0\u10d9\u10d0\u10d3\u10d4\u10d1\u10d8 \u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d0\u10d3 \u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d8\u10e0\u10d4\u10d1\u10d0\u10d3\u10d8\u10d0, \u10d3\u10d0 \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3 \u10db\u10d4\u10d7\u10dd\u10d3\u10dd\u10da\u10dd\u10d2\u10d8\u10d0\u10ea \u10e2\u10d4\u10e5\u10dc\u10d8\u10d9\u10e3\u10e0\u10d0\u10d3 \u10e3\u10e4\u10e0\u10dd \u10db\u10d0\u10e0\u10e2\u10d8\u10d5\u10d8\u10d0.\u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10da\u10d4\u10d1\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d6\u10d4 \u10d3\u10d0\u10e7\u10e0\u10d3\u10dc\u10dd\u10d1\u10d8\u10d7\u10d0\u10ea \u10d5\u10d4\u10dc\u10e9\u10e3\u10e0\u10e3\u10da\u10d8 \u10e4\u10dd\u10dc\u10d3\u10d4\u10d1\u10d8 \u10e1\u10d0\u10d8\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10d2\u10d0\u10d3\u10d0\u10ec\u10e7\u10d5\u10d4\u10e2\u10d8\u10da\u10d4\u10d1\u10d0\u10e1 \u10d8\u10e6\u10d4\u10d1\u10d4\u10dc \u10e3\u10e4\u10e0\u10dd \u10d8\u10dc\u10e2\u10e3\u10d8\u10ea\u10d8\u10e3\u10e0\u10d8\u10d0 [\u2026]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/eoninvestment.com\/ka\/2024\/10\/03\/vc-method\/\" \/>\n<meta property=\"og:site_name\" content=\"Eon Investment\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/eoninvestment\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-03T06:04:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-15T11:40:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2024\/05\/vc-method.png?fit=1000%2C551&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"551\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"neoinsight\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"neoinsight\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u10ec\u10e3\u10d7\u10d8\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/1464\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#website\"},\"author\":{\"name\":\"neoinsight\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#\\\/schema\\\/person\\\/9bb6a82e15a5231535d10233395afa89\"},\"headline\":\"VC \u10db\u10d4\u10d7\u10dd\u10d3\u10d8\",\"datePublished\":\"2024-10-03T06:04:41+00:00\",\"dateModified\":\"2026-04-15T11:40:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/2024\\\/10\\\/03\\\/vc-method\\\/\"},\"wordCount\":706,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/2024\\\/10\\\/03\\\/vc-method\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/eoninvestment.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/vc-method.png?fit=1000%2C551&ssl=1\",\"articleSection\":[\"Venture Capital & the Finance of Innovation - by A. Metrick & A. Yasuda\",\"VC Valuation\"],\"inLanguage\":\"ka-GE\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/eoninvestment.com\\\/2024\\\/10\\\/03\\\/vc-method\\\/#respond\"]}],\"url\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/1464\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/1464\",\"url\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/1464\",\"name\":\"VC Method - Eon Investment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/2024\\\/10\\\/03\\\/vc-method\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/2024\\\/10\\\/03\\\/vc-method\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/eoninvestment.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/vc-method.png?fit=1000%2C551&ssl=1\",\"datePublished\":\"2024-10-03T06:04:41+00:00\",\"dateModified\":\"2026-04-15T11:40:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/1464#breadcrumb\"},\"inLanguage\":\"ka-GE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/eoninvestment.com\\\/2024\\\/10\\\/03\\\/vc-method\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ka-GE\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/2024\\\/10\\\/03\\\/vc-method\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/eoninvestment.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/vc-method.png?fit=1000%2C551&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/eoninvestment.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/vc-method.png?fit=1000%2C551&ssl=1\",\"width\":1000,\"height\":551},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/1464#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/eoninvestment.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"VC Method\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#website\",\"url\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/\",\"name\":\"Eon Investment\",\"description\":\"Think Value\",\"publisher\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ka-GE\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#organization\",\"name\":\"Eon Investment\",\"url\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ka-GE\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/eoninvestment.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/EON_Profile_Logo_Concept_v2.png?fit=1200%2C1200&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/eoninvestment.com\\\/wp-content\\\/uploads\\\/2026\\\/09\\\/EON_Profile_Logo_Concept_v2.png?fit=1200%2C1200&ssl=1\",\"width\":1200,\"height\":1200,\"caption\":\"Eon Investment\"},\"image\":{\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/facebook.com\\\/eoninvestment\",\"https:\\\/\\\/linkedin.com\\\/groups\\\/9505998\\\/\"],\"inLanguage\":\"ka-GE\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/#\\\/schema\\\/person\\\/9bb6a82e15a5231535d10233395afa89\",\"name\":\"neoinsight\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ka-GE\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1398d4747317b2a10907709a0dc287ccc370464c161afb2688aa9c47ab913d79?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1398d4747317b2a10907709a0dc287ccc370464c161afb2688aa9c47ab913d79?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1398d4747317b2a10907709a0dc287ccc370464c161afb2688aa9c47ab913d79?s=96&d=identicon&r=g\",\"caption\":\"neoinsight\"},\"sameAs\":[\"http:\\\/\\\/neoinsight.wordpress.com\"],\"url\":\"https:\\\/\\\/eoninvestment.com\\\/ka\\\/author\\\/neoinsight\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"VC Method - Eon Investment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/eoninvestment.com\/ka\/2024\/10\/03\/vc-method\/","og_locale":"ka_GE","og_type":"article","og_title":"VC Method - Eon Investment","og_description":"\u10d0\u10e0\u10e1\u10d4\u10d1\u10dd\u10d1\u10e1 #\u10e1\u10e2\u10d0\u10e0\u10e2\u10d0\u10de\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 VC \u10db\u10d4\u10d7\u10dd\u10d3\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d8\u10ea \u10d6\u10e0\u10d3\u10d0\u10e1\u10e0\u10e3\u10da\u10d8 \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d8\u10e1 DCF \u10db\u10d4\u10d7\u10dd\u10d3\u10d8\u10e1\u10d2\u10d0\u10dc \u10d2\u10d0\u10dc\u10e1\u10ee\u10d5\u10d0\u10d5\u10d3\u10d4\u10d1\u10d0, \u10e0\u10d0\u10d3\u10d2\u10d0\u10dc \u10d0\u10e5 \u10e4\u10e3\u10da\u10d0\u10d3\u10d8 \u10dc\u10d0\u10d9\u10d0\u10d3\u10d4\u10d1\u10d8 \u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d0\u10d3 \u10de\u10e0\u10dd\u10d2\u10dc\u10dd\u10d6\u10d8\u10e0\u10d4\u10d1\u10d0\u10d3\u10d8\u10d0, \u10d3\u10d0 \u10e8\u10d4\u10e1\u10d0\u10d1\u10d0\u10db\u10d8\u10e1\u10d0\u10d3 \u10db\u10d4\u10d7\u10dd\u10d3\u10dd\u10da\u10dd\u10d2\u10d8\u10d0\u10ea \u10e2\u10d4\u10e5\u10dc\u10d8\u10d9\u10e3\u10e0\u10d0\u10d3 \u10e3\u10e4\u10e0\u10dd \u10db\u10d0\u10e0\u10e2\u10d8\u10d5\u10d8\u10d0.\u10db\u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10da\u10d4\u10d1\u10d8, \u10e0\u10dd\u10db\u10d4\u10da\u10d6\u10d4 \u10d3\u10d0\u10e7\u10e0\u10d3\u10dc\u10dd\u10d1\u10d8\u10d7\u10d0\u10ea \u10d5\u10d4\u10dc\u10e9\u10e3\u10e0\u10e3\u10da\u10d8 \u10e4\u10dd\u10dc\u10d3\u10d4\u10d1\u10d8 \u10e1\u10d0\u10d8\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10d2\u10d0\u10d3\u10d0\u10ec\u10e7\u10d5\u10d4\u10e2\u10d8\u10da\u10d4\u10d1\u10d0\u10e1 \u10d8\u10e6\u10d4\u10d1\u10d4\u10dc \u10e3\u10e4\u10e0\u10dd \u10d8\u10dc\u10e2\u10e3\u10d8\u10ea\u10d8\u10e3\u10e0\u10d8\u10d0 [\u2026]","og_url":"https:\/\/eoninvestment.com\/ka\/2024\/10\/03\/vc-method\/","og_site_name":"Eon Investment","article_publisher":"https:\/\/facebook.com\/eoninvestment","article_published_time":"2024-10-03T06:04:41+00:00","article_modified_time":"2026-04-15T11:40:43+00:00","og_image":[{"width":1000,"height":551,"url":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2024\/05\/vc-method.png?fit=1000%2C551&ssl=1","type":"image\/png"}],"author":"neoinsight","twitter_card":"summary_large_image","twitter_misc":{"Written by":"neoinsight","Est. reading time":"3 \u10ec\u10e3\u10d7\u10d8"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464","isPartOf":{"@id":"https:\/\/eoninvestment.com\/ka\/#website"},"author":{"name":"neoinsight","@id":"https:\/\/eoninvestment.com\/ka\/#\/schema\/person\/9bb6a82e15a5231535d10233395afa89"},"headline":"VC \u10db\u10d4\u10d7\u10dd\u10d3\u10d8","datePublished":"2024-10-03T06:04:41+00:00","dateModified":"2026-04-15T11:40:43+00:00","mainEntityOfPage":{"@id":"https:\/\/eoninvestment.com\/2024\/10\/03\/vc-method\/"},"wordCount":706,"commentCount":0,"publisher":{"@id":"https:\/\/eoninvestment.com\/ka\/#organization"},"image":{"@id":"https:\/\/eoninvestment.com\/2024\/10\/03\/vc-method\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2024\/05\/vc-method.png?fit=1000%2C551&ssl=1","articleSection":["Venture Capital & the Finance of Innovation - by A. Metrick & A. Yasuda","VC Valuation"],"inLanguage":"ka-GE","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/eoninvestment.com\/2024\/10\/03\/vc-method\/#respond"]}],"url":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464"},{"@type":"WebPage","@id":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464","url":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464","name":"VC Method - Eon Investment","isPartOf":{"@id":"https:\/\/eoninvestment.com\/ka\/#website"},"primaryImageOfPage":{"@id":"https:\/\/eoninvestment.com\/2024\/10\/03\/vc-method\/#primaryimage"},"image":{"@id":"https:\/\/eoninvestment.com\/2024\/10\/03\/vc-method\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2024\/05\/vc-method.png?fit=1000%2C551&ssl=1","datePublished":"2024-10-03T06:04:41+00:00","dateModified":"2026-04-15T11:40:43+00:00","breadcrumb":{"@id":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464#breadcrumb"},"inLanguage":"ka-GE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/eoninvestment.com\/2024\/10\/03\/vc-method\/"]}]},{"@type":"ImageObject","inLanguage":"ka-GE","@id":"https:\/\/eoninvestment.com\/2024\/10\/03\/vc-method\/#primaryimage","url":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2024\/05\/vc-method.png?fit=1000%2C551&ssl=1","contentUrl":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2024\/05\/vc-method.png?fit=1000%2C551&ssl=1","width":1000,"height":551},{"@type":"BreadcrumbList","@id":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/eoninvestment.com\/"},{"@type":"ListItem","position":2,"name":"VC Method"}]},{"@type":"WebSite","@id":"https:\/\/eoninvestment.com\/ka\/#website","url":"https:\/\/eoninvestment.com\/ka\/","name":"Eon Investment","description":"Think Value","publisher":{"@id":"https:\/\/eoninvestment.com\/ka\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/eoninvestment.com\/ka\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ka-GE"},{"@type":"Organization","@id":"https:\/\/eoninvestment.com\/ka\/#organization","name":"Eon Investment","url":"https:\/\/eoninvestment.com\/ka\/","logo":{"@type":"ImageObject","inLanguage":"ka-GE","@id":"https:\/\/eoninvestment.com\/ka\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2026\/09\/EON_Profile_Logo_Concept_v2.png?fit=1200%2C1200&ssl=1","contentUrl":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2026\/09\/EON_Profile_Logo_Concept_v2.png?fit=1200%2C1200&ssl=1","width":1200,"height":1200,"caption":"Eon Investment"},"image":{"@id":"https:\/\/eoninvestment.com\/ka\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/facebook.com\/eoninvestment","https:\/\/linkedin.com\/groups\/9505998\/"],"inLanguage":"ka-GE"},{"@type":"Person","@id":"https:\/\/eoninvestment.com\/ka\/#\/schema\/person\/9bb6a82e15a5231535d10233395afa89","name":"neoinsight","image":{"@type":"ImageObject","inLanguage":"ka-GE","@id":"https:\/\/secure.gravatar.com\/avatar\/1398d4747317b2a10907709a0dc287ccc370464c161afb2688aa9c47ab913d79?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1398d4747317b2a10907709a0dc287ccc370464c161afb2688aa9c47ab913d79?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1398d4747317b2a10907709a0dc287ccc370464c161afb2688aa9c47ab913d79?s=96&d=identicon&r=g","caption":"neoinsight"},"sameAs":["http:\/\/neoinsight.wordpress.com"],"url":"https:\/\/eoninvestment.com\/ka\/author\/neoinsight\/"}]}},"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pQZ85-nC","jetpack_featured_media_url":"https:\/\/i0.wp.com\/eoninvestment.com\/wp-content\/uploads\/2024\/05\/vc-method.png?fit=1000%2C551&ssl=1","_links":{"self":[{"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/users\/12998525"}],"replies":[{"embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/comments?post=1464"}],"version-history":[{"count":29,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464\/revisions"}],"predecessor-version":[{"id":10729,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/posts\/1464\/revisions\/10729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/media\/4374"}],"wp:attachment":[{"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/media?parent=1464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/categories?post=1464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/tags?post=1464"},{"taxonomy":"eon_topic","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/eon_topic?post=1464"},{"taxonomy":"eon_learning_path","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/eon_learning_path?post=1464"},{"taxonomy":"eon_collection","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/eon_collection?post=1464"},{"taxonomy":"eon_level","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/eon_level?post=1464"},{"taxonomy":"eon_content_type","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/eon_content_type?post=1464"},{"taxonomy":"eon_source","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/eon_source?post=1464"},{"taxonomy":"eon_idea","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/eon_idea?post=1464"},{"taxonomy":"eon_framework","embeddable":true,"href":"https:\/\/eoninvestment.com\/ka\/wp-json\/wp\/v2\/eon_framework?post=1464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}