Workflow & finalization
A multi-week engagement as a controlled state machine
From fund setup to signed report, every step is validated, persisted, and gated. A finalized cap table is required before any valuation references it; finalization locks the inputs by design — turning methodological consistency from a hope into a guarantee.
Finalization-gatedServer-side validationRole-based review
The engagement, step by step
Ten gated stages, from fund to signed report
- 1
Establish the fund
Create the fund, with optional GP/LP aliases for branding across many entities.
- 2
Create the company
Public, private C-corp (INC), or private LLC — with type-aware terminology (shares vs. units) throughout.
- 3
Build & finalize the cap table
Securities → capitalization → option plan → warrant plan → shareholding → finalize. Each section is field-validated; finalization is irreversible and required before any valuation can reference it.
- 4
Create the valuation
Open a valuation against a finalized cap table on a specific valuation date.
- 5
Populate financial statements
Income statement and balance sheet for the relevant historical, forecast, and terminal periods.
- 6
Configure valuation methods
DCF, GPC, GTM, Backsolve, and Post-Money — each with its own inputs, comparable selection, and intermediate exhibits.
- 7
Configure allocation methods
OPM, CVM, and CSE — each producing per-class results, hybrid-weighted into a single blended conclusion.
- 8
Apply DLOM
Company-wide or per-share-class, via the analyst's selected methodology.
- 9
Value shares
Compute the final marketable and non-marketable per-class, per-share values.
- 10
Finalize
Lock all inputs and produce the signed PDF report and methodology-audit document.
What the gating guarantees
Consistency, enforced by the platform
Server-side validation
Every field is validated with FluentValidation on the server; the frontend mirrors it in real time via Yup, so a malformed payload never reaches the engine.
Irreversible finalization
Cap-table and valuation finalization lock the inputs by design — the foundation of a defensible tax and audit posture.
Re-openable sections
Until finalization, every section is independently re-openable, supporting iterative review cycles between analyst, reviewer, and partner.
Role-based review
Permission-gated access means analysts, reviewers, and partners each see and act on exactly what their role allows.
Frequently asked questions
How does the valuation workflow work?
The platform models an engagement as a finalization-gated state machine: establish the fund, create the company, build and finalize the cap table, create a valuation against it, populate financial statements, configure the valuation methods, configure the allocation engines, apply DLOM, value shares, and finalize — producing the signed report and methodology audit. Each stage is validated and persisted.
Why is finalization irreversible?
Irreversible finalization locks every input at a point in time, which is what makes the conclusion defensible to an IRS examiner or Big-4 reviewer. A finalized cap table is required before any valuation can reference it, guaranteeing the downstream math is built on a fixed, auditable foundation.
Can sections be revised during review?
Yes. Until finalization, every section is independently re-openable, supporting iterative analyst–reviewer–partner cycles. Once finalized, the engagement is locked and any further change is captured as a new versioned state in the audit trail.
How is validation enforced?
Every field is validated server-side with FluentValidation, and the frontend mirrors that validation in real time via Yup — so analysts never reach the server with a malformed payload, and inconsistent preference structures can't be saved.
Walk the workflow end to end
Book a walkthrough to see an engagement move from fund setup to a finalized, signed report.