Diploma in Valuation (VC, DCF, Comparables) and Cap Tables
Online postgraduate diploma of 800 hours in valuation (VC, DCF, comparables) and cap tables. 8 modules covering valuation fundamentals, the venture capital method, discounted cash flows, comparables and precedent transactions, complementary early-stage methods, cap tables and exit waterfalls, and valuation in negotiation, with an assigned technical tutor.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Apply valuation fundamentals and standards.
Value startups using the venture capital method.
Build discounted cash flow models.
Use comparables and precedent transactions.
Apply complementary methods in early stages.
Manage capitalisation tables and waterfalls.
Use valuation in negotiation and communication.
Who it's for
- Valuation analysts looking to deepen their expertise in startup and early-stage valuation.
- Venture capital analysts who model rounds, dilution and exit returns.
- Startup CFOs preparing funding rounds and managing the cap table.
- Transaction advisers working on M&A and investment deals.
- Corporate finance consultants who need a rigorous valuation toolkit.
- Valuation auditors reviewing fair-value estimates in portfolios.
- Engineering or science graduates seeking to move into venture capital.
What you'll work with
- International Valuation Standards (IVS) (global valuation standards)
- IPEV Private Capital Valuation Guidelines (fair valuation of private equity and venture capital investments)
- IFRS 13 Fair Value Measurement (fair value measurement)
- IFRS 2 Share-based Payment (accounting for share-based payments)
- Royal Legislative Decree 1/2010, Spanish Companies Act (Spanish capital companies law)
- Law 28/2022 on start-ups (Spanish start-up law)
- Microsoft Excel
- Carta
- PitchBook
- Capital IQ
8 modules
1.1Value, price and fair value1.2Market, income and cost approaches1.3IVS International Valuation Standards1.4IPEV Guidelines for venture capital1.5Purpose of the valuation1.6Assumptions and risks1.7Early-stage valuation1.8Valuer biases1.9The valuation report1.10Case study: critical reading of a valuation report
2.1Logic of the VC method2.2Expected exit value2.3Exit multiples2.4Target rate of return2.5Estimating expected dilution2.6Probability of success2.7First Chicago method2.8Resulting pre-money valuation2.9Limitations of the method2.10Practical exercise: VC valuation of a robotics startup
3.1Projecting free cash flows3.2Explicit forecast horizon3.3Calculating terminal value3.4Cost of capital and CAPM3.5Size and specific-risk premiums3.6Scenarios and probabilities3.7Valuing startups with DCF3.8Sensitivity analysis3.9Common errors and how to avoid them3.10Lab: DCF model in Excel
4.1Selecting comparable companies4.2EV/revenue and EV/EBITDA multiples4.3Adjustments for growth and margin4.4Precedent transaction analysis4.5Data sources4.6Illiquidity discounts4.7Control premiums4.8Valuing SaaS and deeptech4.9Triangulating methods4.10Workshop: comparables table for a sector
5.1Berkus method for pre-revenue companies5.2Scorecard comparison method5.3Risk factor summation method5.4Real options valuation5.5Valuing intellectual property5.6Valuing technical milestones5.7Valuation in bridge rounds5.8Valuing convertible notes5.9Fair value in portfolios5.10Practical exercise: valuation of a pre-revenue startup
6.1Building the capitalisation table6.2Rounds and share classes6.3Employee stock options6.4Conversion of instruments6.5Calculating fully diluted ownership6.6Liquidation preferences6.7Exit waterfall6.8Value per share class6.9Cap table tools6.10Lab: waterfall with preferences
7.1Valuation in negotiation7.2Anchoring and ranges7.3Terms versus price7.4Valuation in down rounds7.5Reports for the board7.6Valuation for incentive plans7.7Valuation for tax purposes7.8Auditing valuations7.9Communication with investors7.10Case study: negotiating a Series A
8.1Selecting the startup8.2Business analysis8.3Valuation using the VC method8.4Valuation using DCF8.5Valuation using comparables8.6Triangulating the results obtained8.7Cap table and scenarios8.8Conclusions and areas for improvement8.9Report and presentation8.10Final project: final review with the tutor
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: you progress at your own pace within each intake, so the programme is compatible with full-time work.
Each module combines theory, guided reading of the original standards and applied exercises. The working software is Microsoft Excel, Carta, PitchBook and Capital IQ, in free, academic or evaluation versions. Exercises are based on real procedures: valuing a startup by several methods, modelling an exit waterfall and building a sector comparables table. Assessment is continuous by module, plus the final capstone project.
Standards covered: International Valuation Standards (IVS); IPEV Private Capital Valuation Guidelines; IFRS 13 Fair Value Measurement; IFRS 2 Share-based Payment; Royal Legislative Decree 1/2010, Spanish Companies Act; Law 28/2022 on start-ups.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- Prior technical training or professional experience in the sector. No university degree is required.
- Internet connection and a computer capable of running the programme software.
- English sufficient to read technical standards.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 800 hours over 6–8 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Microsoft Excel, Carta, PitchBook and Capital IQ, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the final project. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed are recognised in a higher programme in the same area (postgraduate diploma or master's). Ask about the recognition policy when you enrol.
Prior technical training or professional experience in the sector (no university degree required), a computer able to run the software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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