From Idea to Exit: Valuing Startups Across the Growth Journey - with Bilal Noorgat

Masterclass: From Idea to Exit – Valuing Startups Across the Growth JourneyInstructor: Bilal NoorgatDate: [11th December 6 pm GMT] | Online | 3 CPD Credits

This BVIUK Masterclass explores the valuation of startups across the full spectrum of their development, from seed-stage concepts through to high-growth scaling and eventual exit.

Traditional valuation approaches often fall short when applied to early-stage companies. This session addresses the specific challenges practitioners face when valuing startups and equips participants with practical methods and critical judgment needed for high-quality work in this space.

Key topics include:

• The stages of startup development and the valuation approaches most appropriate to each phase

• Why standard models such as DCF, market multiples, and cost-based methods often fail in early-stage settings

• Introduction to startup-specific valuation techniques including the Scorecard Method, Berkus Method, and Venture Capital Method

• Understanding preference shares, liquidation preferences, participating rights, and other deal terms that materially affect valuation

• The role of qualitative factors such as founding team, product-market fit, traction, competition, and market size in shaping investor perception and valuation outcomes

  
  

This session is ideal for valuation professionals, analysts, and corporate finance practitioners who work with early-stage ventures or are looking to build capability in this high-growth segment.

About the Instructor:

Bilal Noorgat is a Partner at FVA Advisory, where he leads valuation engagements for M&A, financial reporting, tax, and litigation. With over 14 years of experience at firms including PwC and Deloitte, he has advised sovereign wealth funds, family offices, and multinationals across Asia and the Middle East.

Bilal is an Adjunct Professor of Finance at Hult International Business School, teaching MBA and EMBA courses on valuation, venture capital, and financial management. He also delivers corporate programmes with IE Business School and is known for his ability to translate real-world valuation work into compelling and accessible teaching.

He is a Chartered Accountant (South Africa), Chartered Financial Analyst, Chartered Valuer & Appraiser, and holds an MBA from Hult International Business School.

This session qualifies for 3 CPD credits. Advance registration required.