Part 1: Early stage valuation in context
Early stage enterprises and the venture capital market
Fair value standard
Capital structure / Alexander Davie and Antonella Puca
Part 2: Enterprise valuation
Seed stage valuation and the venture capital method / Andreas Dal Santo and Antonella Puca
The backsolve method / Neil Beaton and Antonella Puca
Discounted cash flow method / John Jackman and Antonella Puca
Asset accumulation method / Antonella Puca and Mark Zyla
Non-GAAP metrics in ESE valuation
Part 3: Valuation of financial instruments
Allocation of enterprise value
Valuation of options and warrants
Valuation of debt securities
Valuation of contingent consideration.