Value your startup with the First Chicago Method
The First Chicago Method answers to a specific situation: what if your box has a small chance of becoming huge? How to assess this potential?
The First Chicago Method (named after the late First Chicago Bank — if you ask) deals with this issue by making three valuations: a worst-case scenario (tiny box), a normal case scenario (normal box), a best-case scenario (big box).
The First Chicago Method is meant for post-revenue startups.
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The Berkus Method is a simple and convenient rule of thumb to estimate the value of your box. It was designed by Dave Berkus, a renowned author and business angel investor. It is meant for pre-revenue startups.
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Value your startup with the Risk Factor Summation Method
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