WHAT IS VALUE?

WHAT IS VALUE?

It is not always straightforward what value or valuation really means. In the startup world, everyone is talking about it, tech news are filled with funding round valuation analysis and exit stories. Yet the talk often only touches the surface of what there is to know about the valuation of early-stage investments, or even the[…]

HOW THE EUROPEAN UNION INVESTS IN INNOVATIVE PROJECTS

HOW THE EUROPEAN UNION INVESTS IN INNOVATIVE PROJECTS

Navigating through the countless EU projects for promoting investments into innovative companies can be challenging for entrepreneurs. The reality is that most of the direct financing takes place on a local level  – the best source to identify these financial intermediaries that have accessed European funding to finance local companies are listed directly on the official EU database ,[…]

DAMODARAN ON NARRATIVE AND NUMBERS IN VALUATION

DAMODARAN ON NARRATIVE AND NUMBERS IN VALUATION

Aswath Damodaran’s webinar on “Narrative and Numbers: A Guide to Disciplined Story Telling and Imaginative Number Crunching” on Sageworks provided some very interesting insights into different approaches to valuation. Damodaran distinguishes between those people who are more comfortable with number crunching, and the storytellers. The ‘Numbers’ people tend to think that valuation is all about[…]

WHEN VALUATION IS SITUATIONAL

WHEN VALUATION IS SITUATIONAL

When carrying out a valuation, it is important to remember that value is different in different situations, which typically relate to the planned transaction or scope of the valuation. Standards of value refer to the type of value to calculate in relation to the circumstances in which the valuation take place. The standards of value vary slightly[…]

DECODING THE VALUATION PROCESS

DECODING THE VALUATION PROCESS

In a valuation, nothing can be viewed in isolation, you always need to consider the overall picture. However, the big picture is also made up of many sources, inputs, logical decisions and methods, without which the overall picture would no longer make sense. Because the value of a company is not to be viewed in isolation,[…]

AUSTRIAN, GERMAN AND ITALIAN VALUATION STANDARDS AT A GLANCE

AUSTRIAN, GERMAN AND ITALIAN VALUATION STANDARDS AT A GLANCE

Until recently few countries had released their own valuation standards. With the market demanding stronger valuation standards, many countries have started working on their own guidelines. The International Valuation Standards Council, for example, seeks to unify these standards. However, the local standards tend to go more into the technical valuation details. The OIV (Organismi Italiano di[…]