Doherty: At $21M post, 30x return requires up to $1.2B exit
Paige Finn Doherty · Will VCs Bet $3M on This Custom Helmet Startup? · Mar 26, 2025 · at 26:33
Investor Paige Finn Doherty models why CAV Sports' seed valuation requires a unicorn exit to meet early-stage venture return thresholds.
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“I think like just doing some back, back of the napkin math on a 21 post to hit like our Outcome goals. There'd have to be at least a six hundred million dollar exit with no additional financing. And as you mentioned, like one of the things that you're looking at is raising a series A. So that might be like an additional 15 to 20% dilution. So what we'd really be looking at as fund is, is a exit outcome of closer to like a 1.2 billion dollar outcome.”
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