# How Investors Value Early Stage Companies Today — Convertible Notes, EBITDA Multiples & Buying 14 Franchises for $5K Each | FOC

Page: https://stenobird.com/podcast/family-office-podcast-billionaire-centimillionaire-interviews-investor-club-insights-668528/how-investors-value-early-stage-companies-today-convertible-notes-ebitda-multiples-buying-14-franchises-for-5k-each-foc
Text version: https://stenobird.com/podcast/family-office-podcast-billionaire-centimillionaire-interviews-investor-club-insights-668528/how-investors-value-early-stage-companies-today-convertible-notes-ebitda-multiples-buying-14-franchises-for-5k-each-foc.md
Podcast: [Family Office Podcast: Billionaire & Centimillionaire Interviews & Investor Club Insights](https://stenobird.com/podcast/family-office-podcast-billionaire-centimillionaire-interviews-investor-club-insights-668528)
Published: 2026-07-21T11:00:00+00:00
Episode link: https://www.buzzsprout.com/885151/episodes/19367800-how-investors-value-early-stage-companies-today-convertible-notes-ebitda-multiples-buying-14-franchises-for-5k-each-foc.mp3
Audio file: https://www.buzzsprout.com/885151/episodes/19367800-how-investors-value-early-stage-companies-today-convertible-notes-ebitda-multiples-buying-14-franchises-for-5k-each-foc.mp3
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Duration seconds: 469

## Resource

Send us Fan Mail Post-2022, valuations have come back to earth — but how do you actually price an early stage or pre-revenue deal right now? This segment breaks it down: a family office CFO explains when EBITDA multiples work and when a convertible note is the smarter tool, giving investors the flexibility to clip a coupon if the deal underperforms or convert to equity if it overperforms. Then a serial entrepreneur explains how he acquired 14 franchise locations at $5,000 each — against a $25...

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