Patents, algorithms, model weights and proprietary datasets valued as economic assets in their own right
Probability-weighted forecasts tied to technical, commercial and adoption milestones
Gross margin trajectory, compute and infrastructure cost, and operating leverage at scale
Adoption curves, competitive displacement and dependency on third-party platforms
Valuation for priced rounds, secondaries, acquisitions and strategic partnerships
A defensible method for companies with limited operating history
Every driver, probability and dependency stated and testable
Built around how growth and deep-tech investors actually assess risk and return