DCF + VC Method + comps triangulation, and term-sheet engineering — liquidation prefs, anti-dilution, pro-rata, drag/tag, ROFR — where founders win or lose millions.
Most founders negotiate valuation. The best founders negotiate terms. A 1× participating pref with 2× cap and full-ratchet anti-dilution destroys more founder value than a 20% lower headline valuation ever could.
A senior-led delivery sequence — not a template dump. Each phase is operated with your team and external counsel, not handed over as a deck.
Triangulate valuation across DCF + VC Method + Comps + Berkus + Scorecard; lock the defensible range.
Draft the standard vs aggressive vs founder-friendly redline matrix for every clause that matters.
Simulate exit waterfalls under different liquidation prefs and down-round impact under WA vs full-ratchet.
Design the board composition (founder / investor / independent) and the protective-provisions list.
Sit alongside founder + counsel during term-sheet negotiation — clause by clause, trade-off by trade-off.
2–4 weeks (per round)