Update to Codon Valuation

{
  "description": "How to estimate a private company's 409A or EMI share value with the Codon Valuation tools, which inputs to collect, and how to present the result.",
  "included_files": [],
  "name": "get-started",
  "skill_md_contents": "---\nname: get-started\ndescription: How to estimate a private company's 409A or EMI share value with the Codon Valuation tools, which inputs to collect, and how to present the result.\n---\n\n# Estimating a share value with Codon Valuation\n\nUse `estimate_409a_value` for a US company (value per common share in US dollars) and `estimate_emi_share_value` for a UK company (value per ordinary share in pounds sterling). Use `get_formal_valuation_info` when the user asks what a formal 409A or EMI valuation involves, what documents are needed, or how to request one.\n\n## Collect the inputs first\n\nAsk for what is missing before calling an estimate tool. The minimum is the number of common or ordinary shares and either a priced round or some financial figures:\n\n- Share classes: common/ordinary share count; each preferred class with its share count, price per share and how many months ago it was priced.\n- Outstanding options: total count and weighted average exercise price, if any.\n- Finances: trailing twelve-month revenue, cash, debt and total capital invested, whichever are known.\n- Sector, so the right volatility and revenue multiple assumptions are used.\n- For an older priced round: whether the company is ahead of, on, or behind the plan it raised on.\n- Any SAFEs or convertible notes: say so, because they lower the stated confidence.\n\nDo not ask for, or pass, names, email addresses or other personal information. The tools do not need them.\n\n## Present the result\n\nReport the low, mid and high value per share, the method used and its confidence, and the key assumptions returned by the tool. Keep the tool's disclaimer: the figure is an indicative planning estimate, not a 409A valuation, not safe harbor protection, and not a value agreed with HMRC. If the user wants a formal valuation, use `get_formal_valuation_info` rather than describing the process yourself.\n"
}