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dc.contributor.authorAchleitner, Ann-Kristinen_US
dc.contributor.authorNathusius, Evaen_US
dc.contributor.authorSchraml, Stephanieen_US
dc.description.abstractIn the course of raising external equity, e.g. from venture capitalists, a quantitative valuation is usually required for entrepreneurial ventures. This paper examines the challenges of quantitatively valuing platform technology based entrepreneurial ventures. The distinct characteristics of such companies pose specific requirements on the applicability of quantitative valuation methods. The entrepreneur can choose from a wide range of potential commercialization strategies to pursue in the course of company development which is difficult to take account of in a quantitative valuation. By developing and applying a systematic map of valuation requirements in this context, we analyze whether the cost, market or income approach is suitable for platform technology based entrepreneurial ventures. We argue that all three valuation methods have drawbacks. Yet, the income approach fulfills most of the requirements and, therefore, is considered to be more suitable for the entrepreneur as well as external equity providers than other quantitative valuation methods.en_US
dc.publisherCenter for Entrepreneurial and Financial Studies (CEFS) Munichen_US
dc.relation.ispartofseriesCEFS working paper series 2007-02en_US
dc.subject.keywordentrepreneurial ventureen_US
dc.subject.keywordplatform technologyen_US
dc.subject.keywordyoung venture valuationen_US
dc.subject.keywordquantitative company valuationen_US
dc.subject.keywordintangible assetsen_US
dc.subject.keywordintellectual propertyen_US
dc.subject.keywordcommercialization strategiesen_US
dc.subject.keywordvalue extractionen_US
dc.subject.stwImmaterielles Anlagevermögenen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwDiscounted Cash Flowen_US
dc.titleQuantitative valuation of platform technology based intangibles companiesen_US
dc.typeWorking Paperen_US
Appears in Collections:CEFS Working Paper Series, Center for Entrepreneurial and Financial Studies, Technische Universität München

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