Gianluca Dettori

How Do Angel Investors Value Pre-Seed Startups? At the pre-seed stage, startups often have no revenue and minimal traction — which makes traditional valuation methods like EBITDA multiples useless. Instead, angel investors rely on a mix of early-stage valuation methodologies such as: 📊 Berkus Method – assigns value to elements like the team, prototype, market size, and strategic relationships. ⚖️ Scorecard Method – compares the startup against averages from similar deals in the region, adjusting for strengths and weaknesses. 💰 Venture Capital Method – estimates the exit value and works backward, applying expected ROI multiples. 🔮 Risk Factor Summation – starts from a baseline valuation and adjusts up or down based on 12 common risk factors (management, competition, legislation, etc.). The truth is, at this stage, investors look beyond numbers. While valuation methodologies help frame the deal, more than the money, investors also evaluate factors such as: 👥 The founding team – their skills, resilience, and ability to execute 💡 The problem being solved – is it significant, urgent, and scalable? 🚀 The proposed solution – how unique, innovative, and defensible is it? 📈 Market potential – is there room for exponential growth? 🛠️ Early validation signals – customer interviews, letters of intent, prototypes, or pilot interest. Pre-seed investing is often described as “betting on the jockey, not just the horse.” Angels know that the business will pivot, but the right team can adapt, learn, and grow. At this stage, valuations are more art than science, but structured approaches ensure fairness for both founders and investors. At CYBAN, we guide investors and founders through these methods to align expectations and build trust from day one. #AngelInvesting #StartupValuation #PreSeed #CYBAN

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Who are the top #equitycrowdfunding platforms in Europe* right now? We analyzed the public campaigns of H1 2025 across dozens of portals for the European Equity Crowdfunding Landscape. Here’s what the numbers say — ranked by total capital raised: 1. Sowefund 🇫🇷 – €19.2M 2. Crowdcube 🇪🇸 – €18.8M (just EU rounds) 3. Tudigo 🇫🇷 – €15.0M 4. Capital Cell 🇪🇸 – €14.8M 5. Invesdor DACH 🇳🇱 – €14.6M 6. Mamacrowd 🇮🇹 – €12.9M 7. SeedBlink 🇷🇴 – €9.8M 8. Crowdberry 🇸🇰 – €7.7M 9. Lita 🇫🇷 – €7.6M 10. CrowdFundMe 🇮🇹 – €7.3M France dominates the leaderboard with three platforms, Italy, Netherlands and Spain show strong regional positioning. #Crowdcube remains the most cross-border operator and vertical platforms (like #CapitalCell for biotech) are scaling fast. This is just one part of what we’re tracking in #TheSnowballEffect — our new weekly newsletter on the European crowdfunding ecosystem: campaigns, trends, exits, and strategic moves. 👇 Link to read the full issue in the first comment. If you're in this space — founder, investor, or platform — this one's for you! #crowdfunding #venturecapital #startups #equitycrowdfunding #fundraising #europe #newsletter With Over Ventures we give access to #CommunityFunding, #Crowdfunding and #OnlineSyndicate deals to #startups and #SMEs from #preseed to #preIPO thanks to our partnerships with the top international portals. At the moment we have a focus on #Italy, #Spain and #UK! Contact Us if you want to know more... *ECSP Licensed, no Real Estate and no Renewable Energy portals

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𝗩𝗖𝘀 𝗮𝗻𝗱 𝗟𝗣𝘀 𝗯𝗼𝘁𝗵 𝘀𝗲𝗲 𝗯𝗮𝗿𝗿𝗶𝗲𝗿𝘀, 𝗯𝘂𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲𝘆 𝗲𝘃𝗲𝗻 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗮𝘁 𝘁𝗵𝗲 𝘀𝗮𝗺𝗲 𝘄𝗮𝗹𝗹?   The Atomico’s State of European Tech 2024 paints a clear picture:   − LPs are laser-focused on track records and team consistency − VCs are concerned about misaligned expectations and check size issues. What LPs care about the most (like performance consistency) barely registers for VCs. Meanwhile, what VCs see as a challenge (like investment theses) doesn’t even hit the LP radar.   𝘉𝘶𝘵 𝘸𝘩𝘺 𝘴𝘩𝘰𝘶𝘭𝘥 𝘰𝘯𝘦 𝘤𝘢𝘳𝘦 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘮𝘪𝘴𝘢𝘭𝘪𝘨𝘯𝘮𝘦𝘯𝘵? 𝘐𝘴𝘯’𝘵 𝘪𝘵 𝘫𝘶𝘴𝘵 𝘢𝘣𝘰𝘶𝘵 𝘤𝘢𝘱𝘪𝘵𝘢𝘭? No, because in a market that’s already tough, trust gaps slow everyone down.   − LPs hesitate to commit. − VCs struggle to close.   𝙎𝙤, 𝙬𝙝𝙚𝙧𝙚’𝙨 𝙩𝙝𝙚 𝙛𝙞𝙭? Do LPs need more transparency on team strategy and consistency? Or should VCs focus on crafting sharper investment theses that resonate?   Curious to hear your thoughts.   Source: State of European Tech 2024 by Atomico   #Venturecapital #AI #Deeptech #Startups   Follow us at APEX Ventures and subscribe to our newsletter for exclusive content on groundbreaking Deep Tech startups: 🔗 https://t2m.io/EV2qHQuo

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Family Offices Are The Backbone of Emerging Managers and Early Stage Startups Without them, there really wouldn't be a true pre-seed and seed stage market Family offices have transformed into crucial players in the venture capital (VC) ecosystem, providing vital support to emerging managers and startups. With their ability to deploy patient capital (it takes time!) and take calculated risks, family offices are instrumental in funding innovation and driving superior financial returns. Emerging managers, who consistently outperform their established peers, offer family offices unique opportunities for growth while aligning with their long-term goals and values. https://lnkd.in/eSGsRs5J

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