Valuing a Series A start-up: methods and benchmarks

Valuing a Series A start-up relies on several complementary methods. None gives an absolute figure: the goal is to build a credible range.

Common methods

Scorecard, comparables, DCF, Berkus: we detail the most common approaches and their limits.

Negotiating dilution

Dilution of founders and historical investors is a central concern of Series A. A well-designed round preserves alignment while bringing in the necessary capital.