Indicating Value in Early-Stage Technology Venture Valuation PDF Download
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Author: Christoph Philipp Wessendorf
Publisher:
ISBN: 9783658349455
Category :
Languages : en
Pages : 0
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Book Description
Fundraising for venture capital investments have continued to increase in recent years. One crucial step in the investment process is the valuation of the target company. Investors are faced with the great challenge of valuing a young venture without a corporate or financial history, a firm customer relationship or even a business model, while still taking into account the tremendous growth potential. Especially the valuation of technology companies is a difficult and often subjective process. Motivated by these considerations, this dissertation details a design science research project, which aims to develop an artifact that improves the indication of value in early-stage technology venture valuation while enabling operationalizable and fair valuation. This approach ensures a more meaningful valuation and better applicability to early-stage technology ventures compared to traditional methods while supporting the deliberate reduction of information asymmetries between entrepreneurs and investors. Firm-specific characteristics and practical applicability are taken into account. About the author Christoph Philipp Wessendorf is a Co-Founder and Managing Director of a deep tech spin-off firm with roots at the Karlsruhe Institute of Technology, where he also researched valuation of early-stage technology ventures. After earning his Masters in Management at ESCP Europe, Cass Business School and Carlos III University, he worked as a Senior Consultant for the Financial Services industry at a consulting firm.
Author: Christoph Philipp Wessendorf
Publisher:
ISBN: 9783658349455
Category :
Languages : en
Pages : 0
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Book Description
Fundraising for venture capital investments have continued to increase in recent years. One crucial step in the investment process is the valuation of the target company. Investors are faced with the great challenge of valuing a young venture without a corporate or financial history, a firm customer relationship or even a business model, while still taking into account the tremendous growth potential. Especially the valuation of technology companies is a difficult and often subjective process. Motivated by these considerations, this dissertation details a design science research project, which aims to develop an artifact that improves the indication of value in early-stage technology venture valuation while enabling operationalizable and fair valuation. This approach ensures a more meaningful valuation and better applicability to early-stage technology ventures compared to traditional methods while supporting the deliberate reduction of information asymmetries between entrepreneurs and investors. Firm-specific characteristics and practical applicability are taken into account. About the author Christoph Philipp Wessendorf is a Co-Founder and Managing Director of a deep tech spin-off firm with roots at the Karlsruhe Institute of Technology, where he also researched valuation of early-stage technology ventures. After earning his Masters in Management at ESCP Europe, Cass Business School and Carlos III University, he worked as a Senior Consultant for the Financial Services industry at a consulting firm.
Author: Christoph Philipp Wessendorf
Publisher: Springer Nature
ISBN: 3658349441
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
Fundraising for venture capital investments have continued to increase in recent years. One crucial step in the investment process is the valuation of the target company. Investors are faced with the great challenge of valuing a young venture without a corporate or financial history, a firm customer relationship or even a business model, while still taking into account the tremendous growth potential. Especially the valuation of technology companies is a difficult and often subjective process. Motivated by these considerations, this dissertation details a design science research project, which aims to develop an artifact that improves the indication of value in early-stage technology venture valuation while enabling operationalizable and fair valuation. This approach ensures a more meaningful valuation and better applicability to early-stage technology ventures compared to traditional methods while supporting the deliberate reduction of information asymmetries between entrepreneurs and investors. Firm-specific characteristics and practical applicability are taken into account.
Author: Andrew Metrick
Publisher: John Wiley and Sons
ISBN: 1118137884
Category : Business & Economics
Languages : en
Pages : 1153
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Book Description
This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. The most current industry data is included to demonstrate large changes in venture capital investments since 1999. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Economic Growth and Credit Formation
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Author: James R. Hitchner
Publisher: John Wiley & Sons
ISBN: 1119880971
Category : Business & Economics
Languages : en
Pages : 469
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Book Description
A complete toolkit for financial valuators to help keep their engagements on-track and on-time In the newly revised fifth edition of Financial Valuation Workbook: Step-by-Step Exercises and Tests to Help You Master Financial Valuation, veteran valuation expert James R. Hitchner delivers a comprehensive collection of checklists, reports, information request templates, and other tools designed to assist valuation practitioners in the organization of their engagements. In the book, you'll find intuitively organized materials that cut the learning curve for newly minted valuation professionals in half. The tools contained within follow the standard valuation engagement format and track the intricacies of the typical valuation assignment. Over 300 exercises—organized by major subject—are included to assist with the learning process. You'll also find: Updated sections on S-corps, discounts for lack of marketability, and cost of capital resources and applications Report writing aids, discussions of individual vs. corporate tax rates, and guides for engaging in depositions and trials as an expert witness Materials designed to assist with the difference between capitalized cash flow and discounted cash flow methods Perfect for business valuation analysts and expert witnesses, Certified Public Accountants, and appraisers, the Financial Valuation Workbook will also be an indispensable resource for attorneys working with financial valuation experts as they aim to keep their engagements on-track, on-time, and on-budget.
Author: David Amis
Publisher: Financial Times/Prentice Hall
ISBN: 9780273649168
Category : Angels (Investors)
Languages : en
Pages : 0
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Book Description
Angels are wealthy individuals who will write a personal check from $20,000 to $1 million to finance a company. This practical guide for investors looking to be Angels breaks down the investment process into manageable steps and addresses the seven fundamentals of investing as an angel.
Author: C. Gordon Bell
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 430
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Book Description
This book is written primarily for people who are creating the future high-tech world by designing, building, and marketing innovative products. More specifically, it is for all engineers, engineering managers, entrepreneurs and intapreneurs. The book provides insight into the problems entrepreneurs face and gives a model for successful startup companies in a formal checklist.
Author: Gordon V. Smith
Publisher: John Wiley & Sons
ISBN: 0471669938
Category : Law
Languages : en
Pages : 479
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Book Description
Companies are increasingly looking to their intellectual property (patents, trademarks, formulas, copyrights, brand names, distributions systems, etc.) as a profit center. As they try to extract more value from their holdings, some of which have been left dormant for years, many are looking beyond their own core products to partnerships with outside industries. Now it its third edition, Intellectual Property: Licensing and Joint Venture Strategies provides the most up-to-date practical tools for evaluating the investment aspects of licensing and joint venture decisions, and discusses the legal, tax, and accounting practices and procedures related to such arrangements.
Author: Brett King
Publisher: Marshall Cavendish International Asia Pte Ltd
ISBN: 9814677582
Category : Science
Languages : en
Pages : 442
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Book Description
The Internet and smartphone are just the latest in a 250-year- long cycle of disruption that has continuously changed the way we live, the way we work and the way we interact. The coming Augmented Age, however, promises a level of disruption, behavioural shifts and changes that are unparalleled. While consumers today are camping outside of an Apple store waiting to be one of the first to score a new Apple Watch or iPhone, the next generation of wearables will be able to predict if we’re likely to have a heart attack and recommend a course of action. We watch news of Google’s self-driving cars, but don’t likely realise this means progressive cities will have to ban human drivers in the next decade because us humans are too risky. Following on from the Industrial or machine age, the space age and the digital age, the Augmented Age will be based on four key disruptive themes—Artificial Intelligence, Experience Design, Smart Infrastructure, and HealthTech. Historically the previous ‘ages’ bought significant disruption and changes, but on a net basis jobs were created, wealth was enhanced, and the health and security of society improved. What will the Augmented Age bring? Will robots take our jobs, and AI’s subsume us as inferior intelligences, or will this usher in a new age of abundance? Augmented is a book on future history, but more than that, it is a story about how you will live your life in a world that will change more in the next 20 years than it has in the last 250 years. Are you ready to adapt? Because if history proves anything, you don't have much of a choice.
Author: Aswath Damodaran
Publisher: John Wiley & Sons
ISBN: 0470049375
Category : Business & Economics
Languages : en
Pages : 698
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Book Description
"Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have Damodaran on Valuation on your bookshelf. You can bet that I do." -- Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places In order to be a successful CEO, corporate strategist, or analyst, understanding the valuation process is a necessity. The second edition of Damodaran on Valuation stands out as the most reliable book for answering many of today?s critical valuation questions. Completely revised and updated, this edition is the ideal book on valuation for CEOs and corporate strategists. You'll gain an understanding of the vitality of today?s valuation models and develop the acumen needed for the most complex and subtle valuation scenarios you will face.
