The Angel Capital Association put out this interesting piece on a new method for startup valuation, the Saraf Method.
The first step is to consider the exit practicalities for the company (see full article for details),
The next step is to think about the financing requirements,
The third step is to look at the current fund-raising market conditions and current deal details and
The fourth and final step is to look up your valuation on the adjusted “curve” on the Valuation Look-Up Table.