Customer Base Variables

USE CASE 1

USE CASE 2

USE CASE 3

INPUT

User Group TAM

INPUT

At-Scale Net Pen Rate (Market share x Industry Pen Rate)

At-Scale Customer Base

Revenue Variables

Low

High

Low

High

Low

High

INPUT

Approximate Investment Required

INPUT

Investment period length

Timing of Investment (Year)

Equity Stake for the Investment

Opportunity Cost of Capital (Hurdle Rate/IRR)

Value at end of investment period

Company valuation required for this stake

% company valuation coming from terminal value

Terminal value discount rate

Terminal value at end of investment period

Free cashflow at end of investment period

Average Net profit margin at Scale

Required Revenue at end of investment period

Required Annual Price Range

Average Required Annual Price