This memorandum frames Eta Visor as a core human-machine interface asset with embedded rights to expand into drone command, industrial robotics, and hybrid BCI workflows. Technical diligence anchors are drawn from the repo; commercial overlays remain explicitly illustrative.
This is a scenario-weighted expected value across all exercised options and milestones — not a current valuation ask. The pre-seed raise is priced separately from this model.
Eta Visor pairs onboard edge compute, an IMU, and an NIR eye tracker to infer pose, intent, and commands without depending on GPS or scene cameras. That same core stack already maps into MAVLink, ROS2, and BCI-style outputs, supporting a platform interpretation rather than a single-use device story.
These diligence points come directly from FIRMWARE, SIM, ALGORITHM, and the project README. They should be read as technical anchors rather than commercial promises.
Each stage removes a specific layer of technical or commercial uncertainty, increasing confidence in both the core asset and the right to pursue adjacent-market branches.
Each branch ties a downstream market claim to concrete repo evidence, remaining diligence requirements, and an expected-value contribution under the current scenario posture.
Market sizing anchors the commercial model in external research and defines the realistic addressable opportunity for each protocol branch.
Eta Visor occupies a unique position between research-grade eye trackers, consumer AR headsets, and traditional control interfaces.
Each risk is quantified by probability, impact, and timing, with explicit mitigation plans and residual risk assessment.
The model treats Eta Visor as a staged platform asset: value begins in the core device, then compounds through milestone completion, adjacency exercise rights, and buyer-specific strategic willingness to pay.
Black-Scholes assumes a liquid market, continuous volatility, and a tradable underlying asset. Eta Visor is a venture-stage operating asset. The more useful framing is a staged decision tree: technical proof unlocks commercial proof, which then creates the right (but not the obligation) to expand into adjacent control markets.
A plain DCF would imply a single forecast path. This site instead values branching outcomes: one core platform and multiple contingent expansion rights with different timing, confidence, and strategic fit.
The formulas below are intentionally kept aligned with the browser-side calculator. Inputs shown as repo-derived are evidence anchors; inputs shown as illustrative are placeholders intended to be replaced or calibrated with future market and transaction evidence.