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Insights

news from the innovation ecosystem and all things UNICO

💵 The Logic of the Multiple: How is a valuation earned?

Founders love to dream about the upside. Investors price downside. In #deeptech , ambition is not rewarded with a higher valuation. Instead, unresolved risk is the main driver of discounting. The multiple goes up when the company shows disciplined R&D spend, a team with both technical and commercial depth, a defensible moat, clean #IP assignment, and a use-of-funds plan tied to concrete milestones. It goes down fast when the company looks like pure academia, burns cash in

Apr 221 min read

RAISING VENTURE CAPITAL: honest insights from UNICO’s experience

Raising Risk Capital for the first time and feeling like you don’t know what you’re doing? Relax. Nobody really knows what they’re doing, even if they claim otherwise. Even doing it once doesn’t mean you suddenly understand it all. You don’t. If advisors tell you they do, they usually don’t either. Every case is different. The most important thing is understanding the founder’s story, and every story is unique. Do you think at least venture capital funds know what they’re doi

Apr 146 min read