The upside and the downside

https://swisscfa-live-7f25e098fcc5436b912a2db3f-0d438dc.divio-media.org/filer_public/3a/73/3a7369fa-a4b1-4e65-859c-9e172ae03670/cfa_society_-_start_up_valuaiton_-_final_13_dec_2021_igor_heinzer.pdf