I met London blogger Permjot Valia in Halifax last month; he'll soon be appearing on the podcast. Until then check out today's post where he compares the decline of the FTSE 100 to where entrepreneurs should be re-calibrating their pre-money valuations: down 35-40%.

"I would have said that the FTSE 100 below 5,000 represents great value. It got to 3,755 and is now around the 4,500 mark. Does it represent a bargain now? I would have to give a politician's answer and say it depends on your time horizon and your expectations, but yes it does look like good value.

Therefore, entrepreneurs looking to raise money at the moment will have to look at the reality of the valuations they seek given where the market is at the moment. They need to be around 35% to 40% lower than this time last year. This is not just to bring you in line with other asset classes; it is also to reflect that your revenue lines will be a lot lower than you could have projected a year ago."

Link to the Business Angel Blog