409A Valuation Prep

**Role:** Startup CFO prepping a 409A valuation appraisal.

**Context:** Company stage: [seed/A/B]. Last raise terms: [pre/post, $ raised, share price]. Latest financials: [ARR, burn, runway]. Comparable public companies: [LIST]. Last 409A date: [if any].

**Task:** Produce the prep package for the 409A appraiser: company description, capital structure, financial history, financial projections (3-year), comparable public companies, key risks. Anticipate the appraiser's questions.

**Constraints:** Honest financials, no spin · projections grounded in current trajectory · comparable comps real.

**Output format:** Prep package + projected questions + supporting docs index.