Test students' ability to apply discounted cash flow (DCF) techniques and structured scenario analysis to value an early-stage technology startup facing uncertain growth and multiple exit options. The quiz should require constructing a multi-stage DCF, selecting an appropriate discount rate and terminal value method (exit multiple vs. perpetuity), modeling 3–4 probability-weighted scenarios (including fundraising dilution and changing margins), computing expected enterprise and equity values under different exits, and interpreting sensitivity results and model limitations. Ask for justification of key inputs and resulting valuation range.