Valuation
How to Value Consumer Web Companies
One of the common frustrations among private company investors is the paucity of available data on which to base decisions. The market has adapted to this by chasing after the kinds of companies that are less driven by U.S. Securities …
Trust, But Verify: Investors, Managers Press for Fair Value Transparency
High-profile frauds and a serious economic downturn have led investors to rethink their asset allocations and strive for additional transparency for illiquid or less-transparent investments, some of which previously may have been considered “liquid.” The introduction of Financial Accounting Standards …
Valuing a VC-Backed Company Without a Cap Table
Venture-funded companies offer highly competitive capital appreciation opportunities. But unlike publicly traded companies, which typically have relatively simple capital structures, venture-funded companies have complex structures. And, these structures have various rights that require iterative calculations to determine how securities will …
Are We Burning the Candle at Both Ends?
Venture capital firms continue to wrestle with Standard 157 of the Financial Accounting Standards Board (FASB), now codified as Accounting Standards Codification Topic 820, which establishes guidelines for determining the fair value of assets and liabilities on financial statements. As …
Pricing Alternative Assets
Perry Beaumont, Ph.D., is head of Research and Development for Evaluated Pricing at SIX Telekurs, which provides evaluated pricing solutions for financial products globally. Alchemy asked Beaumont to comment on the challenges of pricing alternative assets. What is an evaluated …
