Startup valuation brief

Read references/working-templates.md. Establish purpose, date, currency, stage, capital structure and information availability. Distinguish enterprise value and equity value, pre-money and post-money, and a convertible valuation cap from a priced valuation. Select methods that data supports and explain rejected alternatives. For DCF, disclose revenue, margin, reinvestment, discount rate, terminal growth and survival assumptions; do not present a mechanically precise result as certainty. For comparable methods, require sourced dated metrics and disclose selection limitations. Bridge enterprise to equity value with cash, debt and other claims when relevant. Produce a range with sensitivity and an evidence ledger. If material data is absent, return a preparation plan or illustrative scenarios explicitly labelled as such, not a fabricated valuation.