I am the majority owner of an online education start-up that is focuses on providing study materials (books, vieos, practice tests) for a very well-known financial certification/designation. The company is doing very well- excellent product reviews and we should be profitable this year (it is our first year of commercial operations).
I am wondering whether I should sell a stake in the company to some VC that can help us take the next step forward. We could use the money to advertise more aggresively and acelerate our product release schedule.
Who do i turn to for advice? Can someone tell me what valuation multiples are primarily used in the industry? Are there some 'agent' companies that I can talk to who can value the business and give us an idea of how much we can expect and then help us acquire the investment.
I look forward to your responses. Thank you!