What Is the Post Money Valuation?

When i joined madrona and and back in the day, all our term sheets were based on pre money valuation. That's just how it was done in the industry. But now we do our terms seet differently. We do post money valuationaly. Pre money valuation is like a myth itis, like, forget it. All that matters isth postMoney Valuation. And so what we say when we investae our term sheets ays, the post money valuation is x, ten million dollars. Just to keep going with the same example, it would be 12.5 million dollars. You are sell two, divided by ten, 20 % of the company will come