Listen "#100, Calculating valuations & how much capital to raise, Vibhor Rastogi, Global Head of AI investments at Citi Ventures"
Episode Synopsis
Fireside with a VC episode #100 speaking with Vibhor Rastogi, Global Head of AI investments at Citi Ventures, discussing how to determine startup valuations and how much capital a startup should raise. How much to raise should be driven by enough time runway to achieve the next key milestone to unlock the next funding round - be that product, revenue, users or other measurable business milestone KPIs. How the market is changing. Expect to need at least enough time 1) to reach the next business milestone and 2) to raise the next funding round. Expect at least 2 quarters to raise the next funding round in today’s market. How much dilution should a startup expect to take from each funding round ranging from pre-seed to late seed, Series A, B, C, D? How to tie expected exit valuations to today’s valuation? What can a realistic exit be in a good scenario and a bad scenario? What are expected exit multiples and discounted to today’s valuation with the consideration of dilution from future funding rounds? How to calculate future dilution or reserve strategies for various ownership target percentages. Corporate Venture Capital (CVC) best practices at Citi Ventures – Citigroup. How to manage conflicts of interest as a strategic investor compared to a pure financial investor. How Citi Ventures can add value to startups across industry verticals.
Find the full episode on YouTube: https://youtu.be/T7yffG5sJ3E.
Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC
https://www.citi.com/ventures/
https://www.linkedin.com/in/vibhorrastogi/
https://www.7bc.vc/
https://www.linkedin.com/in/romans/
Join the conversation, leave comments, and tell us what you think about these topics and this episode.
Find the full episode on YouTube: https://youtu.be/T7yffG5sJ3E.
Find this and all full episodes for Fireside with a VC on your favorite podcast platform here: https://podcasters.spotify.com/pod/show/FiresideVC
https://www.citi.com/ventures/
https://www.linkedin.com/in/vibhorrastogi/
https://www.7bc.vc/
https://www.linkedin.com/in/romans/
Join the conversation, leave comments, and tell us what you think about these topics and this episode.
More episodes of the podcast Fireside with a VC
How VC Fund of Funds (FoF) Work
04/11/2025
How Venture Capital Funds Work
04/11/2025
E123 7BC’s Fund of Funds + Cherry-Pick Direct VC Strategy + Invitation to 7BC VC-LP-Startup Events
27/08/2025
E122 Fireside Chat at Global VC Demo Day London June 2025 with Neil Foster & Scott Smedresman
07/08/2025
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.