Entrepreneurial
Finance and Private Equity
Early
Stage
Class #4- Monday, October 28, 2002
Lecture:
Valuation
Readings:
- “Valuation
Issues in Start-Ups & Early-Stage Companies: The Venture, Capital Method,” London Business School, December 1997.
- “Private
Company Valuation,” Aswath Damodaran.
This article is too long for reading in one sitting but it is a
good on-going reference (in short form) for a broad range of issues that
arise in valuing private companies.
Optional Reading on Website:
“The Private Company
Discount,” Journal of Applied Corporate
Finance, Vol 12, N0.4, Winter 2000, pp. 94-101. This article is a useful
article describing how multiples can be adjusted in a private equity setting.