It would be great to hear about the options for startups.
Forecasting is obviously inaccurate, but how would you model a portfolio with "realistic" exit valuations? Could startup's current deck provide any usable inputs for such model? E.g. market size, market CAGR, team experience etc? Obviously when founders say their ambition is just 100-500M$ exit, that tells something. But what else and how to factor in the assumptions?
Since DCF method uses historical data to predict future cash flows of the company, this usually does not fit a startup since we have very little to no data on the cashflows. It is better to look for some benchmarks to tell valuation of a startup since it shows how others priced the companies in a given market/ geography/ setup.
