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ENT 405 · Unit 4 of 6

Venture Valuation and Ownership

Venture Capital and Startup Investing

Start unit · 4 lessons →

Learning objectives

  • Read term sheets: valuation, preferences, pro-rata, and control
  • Apply "Venture Valuation and Ownership" to a real venture decision
  • Contribute to your Sample investment memo deliverable

Unit overview

#LessonCore idea
1Core Principles of Venture Valuation and OwnershipCore frameworks for this unit
2Designing an Approach to Venture Valuation and OwnershipCore frameworks for this unit
3Common Risks and Failure Modes in Venture Valuation and OwnershipCore frameworks for this unit
4Venture Valuation and Ownership: Practical Decision ExerciseCore frameworks for this unit

Complete all four lessons, then finish unit assessments on this page.

Unit assessment

Complete each section below. Score 80%+ on the quiz to finish this unit's assessment.

50% applied project30% case work20% knowledge checks

Exercises

Apply what you learned in this unit with structured practice.

ExerciseApplied practice: Venture Valuation and Ownership45 min
Complete a focused practice exercise on **Venture Valuation and Ownership**. 1. Choose a real company, product, or situation you know. 2. Apply one core framework from this unit to analyze it. 3. Write your analysis in 300–500 words with a clear recommendation. 4. Cite at least one credible source.

Deliverable

300–500 word analysis document saved to your portfolio under ENT 405.

Rubric

  • • Framework applied correctly (not just named)
  • • Specific evidence from a real example
  • • Clear recommendation with tradeoffs acknowledged
  • • Professional writing with source citation
ExerciseDrill: Venture Valuation and Ownership30 min
Work through the practice problems in the unit lesson without looking at notes. Then check your work against the lesson and write a short reflection: - What you got right - One mistake you caught - One concept to review before the next unit

Deliverable

Problem solutions + 150-word reflection in your ENT 405 workbook.

Rubric

  • • Attempted all practice items before checking answers
  • • Honest reflection on errors
  • • Identifies a specific review action

Case analysis

Analyze a case using frameworks from this unit.

CaseCase analysis: Venture Valuation and Ownership60 min
Analyze a real business case through the lens of **Venture Valuation and Ownership**. Choose a public company event, HBR-style case, or documented decision. **Deliverable structure:** 1. Situation summary (150 words) 2. Analysis using this unit's frameworks (400 words) 3. Recommendation (150 words) 4. Risks and what would change your mind

Deliverable

2-page case write-up in your portfolio.

Rubric

  • • Case facts are accurate and sourced
  • • Analysis uses unit frameworks explicitly
  • • Recommendation is justified with tradeoffs
  • • Risks are specific, not generic

Knowledge quiz

Check your understanding before marking the unit complete.

1. Post-money formula with $32M pre and $8M raise:

2. RelayOps ARR $1.24M at $32M pre is approximately what ARR multiple?

3. 12% option pool refresh pre-money primarily dilutes:

4. Uncapped SAFE stacks are risky at Series A because:

5. Target 20% ownership for $5M check implies post-money of:

6. Down round anti-dilution adjustments most hurt:

7. Fully diluted cap table includes:

8. Maya should compare term sheets on:

Next unit: Term Sheets, Governance and Portfolio Support →