Why startups cannot use comparative analysis?

Question

Accepted Answer

Startups cannot use comparative analysis as they lack historical data and industry benchmarks.

Comparative analysis requires historical data and industry benchmarks, which startups lack.
Startups are often in new and emerging industries, making it difficult to find comparable companies.
Startups may also have unique business models or products that cannot be compared to existing companies.
Instead, startups may use other methods such as market research and financial projections to evaluate their potential.
For example, a startup developing a new technology may look at market size and potential demand to estimate future revenue.

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