Download or read book Valuation of Internet Start Ups written by Jean-Baptiste Flanc and published by . This book was released on 2012-12-07 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2012 in the subject Business economics - Investment and Finance, grade: none, Business School INSEEC Paris - Bordeaux, language: English, abstract: This dissertation paper deals specifically with the valuation of Internet start-ups after the burst of dot-com bubble. The objective is to contribute to the development of this field of study by filling some of the existing gaps. Indeed, it is a relatively recent subject, and the research devoted to it is still limited. It has been found that the valuation of an Internet start-up does not only depend on its stage of development, but also on five qualitative factors: the team, the business model, the market, the risk, and the exit options. In fact, venture capitalists base their valuation on the perceived growth potential of the company. Subsequently, this dissertation paper addresses the issue of intangible assets. In fact, an Internet company derives most of its value from its intellectual capital, brand equity, and website. These intangible assets, as well as their accounting treatment, are deeply analyzed. It has been noticed the misclassification of their expenses can have a considerable impact on the valuation of the company. The discounted cash flow valuation method, which is based on financial projections, and the relative valuation method, which is based on comparables, are identified and examined in-depth. Their analysis is crucial to determine how to properly value an Internet start-up.
Download or read book Valuation of Internet Start ups An Applied Research on How Venture Capitalists value Internet Start ups written by Jean-Baptiste Flanc and published by Anchor Academic Publishing. This book was released on 2013-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the valuation of Internet start-ups after the burst of the dot-com bubble. The objective is to fill some of the existing gaps in order to contribute to the development of this field of study. Indeed, it is a relatively recent subject, and the research devoted to it, is still limited. The valuation of an Internet start-up does not only depend on ist stage of development, but also on five qualitative factors, namely the team, the business model, the market, the risk, and the exit options. In fact, venture capitalists base their valuation on the perceived growth potential of the company. Subsequently, this book addresses the issue of intangible assets. In fact, an Internet company derives most of ist value from the intellectual capital, the brand equity, and the website. The author analyses these intangible assets and their accounting treatment. The discounted cash flow valuation method is based on financial projections, and the relative valuation method. These factors are identified and examined in detail. Their analysis is crucial for it determines the valuation of an internet start-up.
Download or read book TechVenture written by Mohan Sawhney and published by John Wiley & Sons. This book was released on 2002-02-28 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawn from the popular TechVenture program at the Kellogg School of Management, this book provides a deep understanding of the key finance and business trends in e-commerce Viewing Silicon Valley as a test lab for e-commerce strategies, this book delivers the latest financial and business models shaping the e-commerce industry. TechVenture focuses on the Silicon Valley phenomenon, the new financial strategies, and evolving e-business models. Each chapter draws from field research and interviews with the top minds in business today, and covers the most recent advances in e-finance, including: technology incubators, start-up funds, measuring intellectual capital, valuation techniques for Internet firms, and emerging technologies. In addition, TechVenture features intriguing and informative case studies and examples of major companies, including Idealab, Merrill Lynch, Pfizer, and Amazon.com. General business and finance readers, as well as those fascinated by the Internet economy, will find TechVenture an invaluable read that is on the cutting edge of e-business. Mohanbir Sawhney (Evanston, IL) is the McCormick Tribune Professor of Electronic Commerce and Technology at the Kellogg Graduate School of Management, Northwestern University. Mr. Sawhney was recently named one of the twenty-five most influential people in e-business by Business Week magazine. Ranjay Gulati (Chicago, IL) is the Associate Professor of Management and Organizations at the Kellogg Graduate School of Management and the Director of the Center for Resource on E-Business Innovation. Anthony Paoni (Chicago, IL) is Associate Professor at the Kellogg Graduate School of Management.
Download or read book VC written by Tom Nicholas and published by Harvard University Press. This book was released on 2019-07-09 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: “An incisive history of the venture-capital industry.” —New Yorker “An excellent and original economic history of venture capital.” —Tyler Cowen, Marginal Revolution “A detailed, fact-filled account of America’s most celebrated moneymen.” —New Republic “Extremely interesting, readable, and informative...Tom Nicholas tells you most everything you ever wanted to know about the history of venture capital, from the financing of the whaling industry to the present multibillion-dollar venture funds.” —Arthur Rock “In principle, venture capital is where the ordinarily conservative, cynical domain of big money touches dreamy, long-shot enterprise. In practice, it has become the distinguishing big-business engine of our time...[A] first-rate history.” —New Yorker VC tells the riveting story of how the venture capital industry arose from America’s longstanding identification with entrepreneurship and risk-taking. Whether the venture is a whaling voyage setting sail from New Bedford or the latest Silicon Valley startup, VC is a state of mind as much as a way of doing business, exemplified by an appetite for seeking extreme financial rewards, a tolerance for failure and experimentation, and a faith in the promise of innovation to generate new wealth. Tom Nicholas’s authoritative history takes us on a roller coaster of entrepreneurial successes and setbacks. It describes how iconic firms like Kleiner Perkins and Sequoia invested in Genentech and Apple even as it tells the larger story of VC’s birth and evolution, revealing along the way why venture capital is such a quintessentially American institution—one that has proven difficult to recreate elsewhere.
Download or read book Indicating Value in Early Stage Technology Venture Valuation written by Christoph Philipp Wessendorf and published by Springer Nature. This book was released on 2021-08-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Journal of Applied Operational Research written by Kaveh Sheibani and published by ORLAB Analytics. This book was released on 2011-08-31 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are pleased to welcome readers to this issue of the Journal of Applied Operational Research (JAOR), Volume 3, Number 2. The journal reports on developments in all aspects of operational research, including the latest advances and applications. It is a primarily goal of the journal to focus on and publish practical case studies which illustrate real-life applications.
Download or read book Entrepreneurship in Biotechnology written by Martin Grossmann and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research and development of novel medicines for human therapy commonly takes over a decade before significant revenues from sales are forthcoming. How can biotechnology companies be founded and grow successfully in an industry with such extended innovation processes? The book investigates this problem and distinguishes three growth phases: From incorporation and start-up through collaborative R&D with large pharmaceutical firms to value creation from R&D pipelines to Public Offerings and product marketing. In this book a dynamic simulation model for testing different decision-making strategies is developed. For each phase the author identifies decision rules that provide for successful corporate growth.
Download or read book How Venture Capital Works written by Phillip Ryan and published by The Rosen Publishing Group, Inc. This book was released on 2012-07-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explanations to the inner workings of one of the least understood, but arguably most important, areas of business finance is offered to readers in this engaging volume: venture capital. Venture capitalists provide necessary investment to seed (or startup) companies, but the startup is only the beginning, there is much more to be explored. These savvy investors help guide young entrepreneurs, who likely have little experience, to turn their businesses into the Googles, Facebooks, and Groupons of the world. This book explains the often-complex methods venture capitalists use to value companies and to get the most return on their investments, or ROI. This book is a must-have for any reader interested in the business world.
Download or read book Damodaran on Valuation written by Aswath Damodaran and published by John Wiley & Sons. This book was released on 2016-02-08 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.
Download or read book Computerworld written by and published by . This book was released on 2001-06-04 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than 40 years, Computerworld has been the leading source of technology news and information for IT influencers worldwide. Computerworld's award-winning Web site (Computerworld.com), twice-monthly publication, focused conference series and custom research form the hub of the world's largest global IT media network.
Download or read book The Computer written by Eric G. Swedin and published by Bloomsbury Publishing USA. This book was released on 2022-07-08 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, aimed at general readers, covers the entirety of computing history from antiquity to the present, placing the story of computing into the broader context of politics, economics, society, and more. Computers dominate the world we live in, and this book describes how we got here. The Computer: A Brief History of the Machine That Changed the World covers topics from early efforts at mathematical computation back in ancient times, such as the abacus and the Antikythera device, through Babbage's Difference Engine and the Hollerith Tabulating Machines of the 19th century, to the eventual invention of the modern computer during World War II and its aftermath. The scope of the text reaches into the modern day, with chapters on social media and the influence of computers and technology on recent elections. The information in this book, perfect for readers new to the topic or those looking to delve into the history of computers in greater detail, can be accessed both chronologically and topically. With chapters focusing on larger time periods as well as shorter subsections covering specific people and topics, this book is designed to make the history of computing as approachable as possible.
Download or read book InfoWorld written by and published by . This book was released on 2000-02-28 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: InfoWorld is targeted to Senior IT professionals. Content is segmented into Channels and Topic Centers. InfoWorld also celebrates people, companies, and projects.
Download or read book Value added Partnering and Innovation in a Changing World written by M. S. van Geenhuizen and published by Purdue University Press. This book was released on 2009 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume addresses the challenges faced by value-added networking and innovation, both for firms' strategies and public policies in a context increasingly influenced by dynamics of interacting networks that underlie knowledge, creation, diffusion, and utilization. Part one deals with national institutions and policies to support science, networking, and innovation, ranging from legislation affecting university business relationships, national support systems for high-technology firms, to systems through which country brands can be developed. Part two addresses the need for value-added learning by local and regional governments concerning the building of an innovation system and the adoption of new ICT applications in cities. Part three focuses on firms, their management and strategies, and their performance in terms of innovativeness and growth.
Download or read book Beyond the J Curve written by Thomas Meyer and published by John Wiley & Sons. This book was released on 2005-08-12 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds, the so-called limited partners. There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. Beyond the J Curve describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. Beyond the J Curve provides the answers to key questions, including: Why 'top-quartile' promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How one can determine the funds' economic value to help addressing the questions of 'fair value' under IAS 39 and 'risk' under Basel II or Solvency II? Why is monitoring important, and how does a limited partner manage his portfolio? How the portfolio's returns can be improved through proper liquidity management and what to consider when over-committing? And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment? Beyond the J Curve takes the practitioner's view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.
Download or read book Corporate Financial Strategy written by Ruth Bender and published by Routledge. This book was released on 2013-11-07 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of Corporate Finance has developed into a fairly complex one from its origins focussed on a company's business and financial needs (financing, risk management, capitalization and budgeting). Corporate Financial Strategy provides a critical introduction to the field and in doing so shows how organizations' financial strategies can be aligned with their overall business strategies. Retaining the popular fundamentals of previous editions, the new edition brings things up to date with an array of new examples and cases, new pedagogical features such as learning objectives and suggested further reading, and includes new material on mergers and acquisitions, and valuations and forecasting. Unlike other textbooks, Ruth Bender writes from the perspective of the firm rather than the investor. Combined with a structure driven by issues, the result is a textbook which is perfectly suited to those studying corporate finance and financial strategy at advanced undergraduate, postgraduate and executive education levels.
Download or read book ECMLG 2022 18th European Conference on Management Leadership and Governance written by Florinda Matos and published by Academic Conferences and publishing limited. This book was released on 2022-11-10 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Startups and Robots written by Cséfalvay Zoltán and published by MCC Press. This book was released on 2024-08-16 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: MCC Centre for Next Technological Futures Studies on Innovation, Technologies and Regions, Volume 1 As cyberpunk writer William Gibson famously said, “The future is already here—it’s just not evenly distributed.” This ironic statement is particularly relevant when we look at the map of innovation and entrepreneurial ecosystems in Europe, where we can easily see deep regional imbalances. But while the future of technology is nearly impossible to predict, it could be discovered by those companies—the startups whose basic working method is trial and error. In addition, the current deafening hype around artificial intelligence is also reigniting the debate about robots and their impact on our economy and society. And these are the main reasons this book is about startups and robots. The studies conducted at the Centre for Next Technological Futures, Mathias Corvinus Collegium, Budapest, raise questions such as: How does geographic proximity to venture capital affect startups at different stages of development? While startups in Europe are concentrated in a handful of large cities, what opportunities do smaller cities have that specialise in Industry 4.0? What factors influence the use of industrial robots in different European countries, and how does the story of industrial robots differ from the emerging new story of robots in the service sector? Incubators and accelerators can increase the chances of survival of startups, but are those institutions that only chase a quick return on investment really the most successful? CONTRIBUTORS: Borbála Brosig Zoltán Cséfalvay Csaba Kristóf Johanyák Viktor Lázár Csikó Bálint Pálfai Orsolya Székely Zoltán Szombathy Máté Ujvárosi
