Valuation: Comps & Precedents
An interviewer asks: 'How would you value a company that has negative EBITDA, no profits, and no close public comparables?' Walk through your approach.
Model answer
First acknowledge that EBITDA/EBIT multiples and P/E are unusable (negative or meaningless denominators) and clean public comps are scarce. Options: (1) EV/Revenue or other top-line / unit-economics…
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