A few months ago, Dirk Sahlmer left a comment under Alyona's post about a valuations cheat sheet she had just published. The cheat sheet covered both VC valuations and M&A (exit) valuations.

Dirk, who has spoken to 2,500+ founders about exits, valued thousands of companies, and acquired several himself, told her it was “confusing.”

That feedback sparked an idea — we needed a dedicated cheat sheet for M&A valuations. And we needed to create it together.

Fast forward four months, and here we are.
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