Indicating Value in Early-Stage Technology Venture Valuation
Author | : Christoph Philipp Wessendorf |
Publisher | : |
Total Pages | : 0 |
Release | : 2021 |
ISBN-10 | : 365834945X |
ISBN-13 | : 9783658349455 |
Rating | : 4/5 (455 Downloads) |
Download or read book Indicating Value in Early-Stage Technology Venture Valuation written by Christoph Philipp Wessendorf and published by . This book was released on 2021 with total page 0 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. 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.