{"jsonrpc":"2.0","id":2,"result":{"tools":[{"name":"estimate_409a_value","title":"Estimate 409A common stock value","description":"Gives an indicative range for the fair market value per share of a US private company's common stock, as a planning estimate before a formal 409A valuation (for example, to anticipate an option strike price). Uses an option pricing model backsolve when there is a priced round in the last 12 months; otherwise a rolled-forward round, a sector revenue multiple, or an asset-based approach, depending on the inputs. Applies Finnerty and Chaffe marketability discounts. Inputs are numbers from the cap table and financials; no company or personal names are needed. Limitations: treats all preferred as non-participating and pari passu with 1:1 conversion, and does not model SAFEs or convertible notes. The result is not a 409A valuation.","inputSchema":{"type":"object","additionalProperties":false,"required":["common_shares_outstanding"],"properties":{"sector":{"type":"string","enum":["software_saas","fintech","ai_ml","marketplace_ecommerce","consumer","hardware_deeptech","healthtech_digital_health","medtech_devices","biotech_therapeutics","diagnostics","climate_energy","other"],"description":"Company sector. Sets the default volatility and revenue multiple. Use 'other' if unsure."},"common_shares_outstanding":{"type":"number","description":"Number of common shares issued and outstanding (excluding options and preferred)."},"preferred_series":{"type":"array","description":"Each priced preferred share round. Leave empty or omit if the company has never raised a priced round.","items":{"type":"object","additionalProperties":false,"required":["shares","original_issue_price","months_since_issue"],"properties":{"name":{"type":"string","description":"Series name, for example 'Seed' or 'Series A'."},"shares":{"type":"number","description":"Shares issued in this series."},"original_issue_price":{"type":"number","description":"Price paid per share, in US dollars."},"months_since_issue":{"type":"number","description":"Months since the round closed."},"liquidation_preference_multiple":{"type":"number","description":"Liquidation preference multiple. Defaults to 1."}}}},"options_outstanding":{"type":"number","description":"Number of share options granted and outstanding."},"options_weighted_average_strike":{"type":"number","description":"Weighted average exercise price of outstanding options, in US dollars."},"years_to_exit":{"type":"number","description":"Expected years until a sale or IPO. Defaults to 3."},"revenue_last_12_months":{"type":"number","description":"Revenue for the last 12 months, in US dollars."},"revenue_growth_pct":{"type":"number","description":"Year-over-year revenue growth, as a percentage (for example 40 for 40%)."},"gross_margin_pct":{"type":"number","description":"Gross margin, as a percentage."},"cash":{"type":"number","description":"Cash on hand, in US dollars."},"debt":{"type":"number","description":"Interest-bearing debt, in US dollars."},"total_capital_invested":{"type":"number","description":"Total equity capital invested to date, in US dollars. Used when there is no priced round and no revenue."},"performance_since_last_round":{"type":"string","enum":["ahead","on_plan","behind"],"description":"How the company has performed against plan since its last priced round. Used when that round is more than 12 months old."},"has_unconverted_safes_or_notes":{"type":"boolean","description":"True if the company has SAFEs or convertible notes that have not yet converted."},"has_participating_preferred":{"type":"boolean","description":"True if any preferred series is participating."},"volatility_pct":{"type":"number","description":"Optional override for equity volatility, as a percentage."},"risk_free_rate_pct":{"type":"number","description":"Optional current government bond yield matching years_to_exit, as a percentage."}}},"annotations":{"title":"Estimate 409A common stock value","readOnlyHint":true,"destructiveHint":false,"idempotentHint":true,"openWorldHint":false}},{"name":"estimate_emi_share_value","title":"Estimate UK EMI ordinary share value","description":"Gives an indicative range for the market value per ordinary share of a UK private company, as a planning estimate before agreeing an EMI valuation with HMRC (for example, to anticipate an EMI option exercise price). Uses the same methods as the 409A estimate, in pounds sterling: an option pricing model backsolve for a priced round in the last 12 months, otherwise a rolled-forward round, a sector revenue multiple, or an asset-based approach. Inputs are numbers from the shareholder register and accounts; no company or personal names are needed. Limitations: treats all preference shares as non-participating and pari passu, and does not model convertible instruments. The result is not an HMRC-agreed valuation.","inputSchema":{"type":"object","additionalProperties":false,"required":["common_shares_outstanding"],"properties":{"sector":{"type":"string","enum":["software_saas","fintech","ai_ml","marketplace_ecommerce","consumer","hardware_deeptech","healthtech_digital_health","medtech_devices","biotech_therapeutics","diagnostics","climate_energy","other"],"description":"Company sector. Sets the default volatility and revenue multiple. Use 'other' if unsure."},"common_shares_outstanding":{"type":"number","description":"Number of ordinary shares issued and outstanding (excluding options and preferred)."},"preferred_series":{"type":"array","description":"Each priced preferred share round. Leave empty or omit if the company has never raised a priced round.","items":{"type":"object","additionalProperties":false,"required":["shares","original_issue_price","months_since_issue"],"properties":{"name":{"type":"string","description":"Series name, for example 'Seed' or 'Series A'."},"shares":{"type":"number","description":"Shares issued in this series."},"original_issue_price":{"type":"number","description":"Price paid per share, in pounds sterling."},"months_since_issue":{"type":"number","description":"Months since the round closed."},"liquidation_preference_multiple":{"type":"number","description":"Liquidation preference multiple. Defaults to 1."}}}},"options_outstanding":{"type":"number","description":"Number of share options granted and outstanding."},"options_weighted_average_strike":{"type":"number","description":"Weighted average exercise price of outstanding options, in pounds sterling."},"years_to_exit":{"type":"number","description":"Expected years until a sale or IPO. Defaults to 3."},"revenue_last_12_months":{"type":"number","description":"Revenue for the last 12 months, in pounds sterling."},"revenue_growth_pct":{"type":"number","description":"Year-over-year revenue growth, as a percentage (for example 40 for 40%)."},"gross_margin_pct":{"type":"number","description":"Gross margin, as a percentage."},"cash":{"type":"number","description":"Cash on hand, in pounds sterling."},"debt":{"type":"number","description":"Interest-bearing debt, in pounds sterling."},"total_capital_invested":{"type":"number","description":"Total equity capital invested to date, in pounds sterling. Used when there is no priced round and no revenue."},"performance_since_last_round":{"type":"string","enum":["ahead","on_plan","behind"],"description":"How the company has performed against plan since its last priced round. Used when that round is more than 12 months old."},"has_unconverted_safes_or_notes":{"type":"boolean","description":"True if the company has SAFEs or convertible notes that have not yet converted."},"has_participating_preferred":{"type":"boolean","description":"True if any preferred series is participating."},"volatility_pct":{"type":"number","description":"Optional override for equity volatility, as a percentage."},"risk_free_rate_pct":{"type":"number","description":"Optional current government bond yield matching years_to_exit, as a percentage."}}},"annotations":{"title":"Estimate UK EMI ordinary share value","readOnlyHint":true,"destructiveHint":false,"idempotentHint":true,"openWorldHint":false}},{"name":"get_formal_valuation_info","title":"Get formal valuation requirements","description":"Lists the documents and typical steps for a formal US 409A valuation or UK EMI valuation, with contact details for Codon Valuation Advisors, the firm that provides this connector. Use when the user asks what a formal valuation requires or how to obtain one.","inputSchema":{"type":"object","additionalProperties":false,"required":["valuation_type"],"properties":{"valuation_type":{"type":"string","enum":["us_409a","uk_emi","both"],"description":"Which formal valuation the user is asking about. Use 'both' for a company with US and UK option holders."}}},"annotations":{"title":"Get formal valuation requirements","readOnlyHint":true,"destructiveHint":false,"idempotentHint":true,"openWorldHint":false}}]}}