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      "text": "Post-Money Valuation = Terminal Value / ROI",
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      "text": "Post-Money Valuation = Money (Investment) + Pre-Money Valuation",
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      "text": "Pre-money valuation: The valuation of the company just before closing a new round of investment. Terminal value: The valuation of the company at exit. ROI: The cash-on-cash return expected.",
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      "text": "The formula is based on the following assumptions and definitions: Simple iteration: This approach assumes that no more shares in the company will be issued after this round of funding...",
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