This week we speak with ^Searchfunder member‌, a valuation and financial advisory expert. Koji has provided financial modelling and analytics services to hundreds of businesses, ranging from private, early-stage companies to publicly-traded Fortune 500 companies. In this episode we discuss some of the basic concepts that drive valuation, such as: how to understand industry average multiples, why EBITDA is used as a proxy for cash flow, and how to think about working capital.

We hope you enjoy this episode as much as we did!

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