1.Financing Round: Seed, First, Second, Third, Mezzanine and IPO
2.Pre-Money Valuation: post-money valuation of a company at a financing round minus the amount raised at that round.
3.Step-Up in Value: increase in pre-money valuation between two financing rounds e.g. $10m/$2m = x5
4.Return on Capitalization (ROC): annualized change, or growth, in pre-money market capitalization between two rounds.
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