Many early-stage private companies report losses at both the operating and net income level. Which valuation technique is best suited for startups that grow fast but are free cash flow negative?

	A.	Relative valuation using P/E multiples
	B.	Relative valuation using P/S multiples
	C.	Relative valuation using EV/EBITDA multiples
	D.	Relative valuation using EV/S multiples
	E.	DCF valuation using FCF