Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/48408 
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dc.contributor.authorAchleitner, Ann-Kristinen
dc.contributor.authorNathusius, Evaen
dc.contributor.authorSchraml, Stephanieen
dc.date.accessioned2011-07-18T08:58:55Z-
dc.date.available2011-07-18T08:58:55Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/48408-
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
dc.language.isoengen
dc.publisher|aTechnische Universität München, Center for Entrepreneurial and Financial Studies (CEFS) |cMünchenen
dc.relation.ispartofseries|aWorking Paper |x2007-02en
dc.subject.jelM13en
dc.subject.ddc330en
dc.subject.keywordentrepreneurial ventureen
dc.subject.keywordplatform technologyen
dc.subject.keywordyoung venture valuationen
dc.subject.keywordquantitative company valuationen
dc.subject.keywordintangible assetsen
dc.subject.keywordintellectual propertyen
dc.subject.keywordcommercialization strategiesen
dc.subject.keywordvalue extractionen
dc.subject.stwUnternehmensbewertungen
dc.subject.stwUnternehmensgründungen
dc.subject.stwGeschäftsmodellen
dc.subject.stwImmaterielles Anlagevermögenen
dc.subject.stwTechnischer Fortschritten
dc.subject.stwDiscounted Cash Flowen
dc.subject.stwTheorieen
dc.titleQuantitative valuation of platform technology based intangibles companies-
dc.typeWorking Paperen
dc.identifier.ppn577774530en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:cefswp:200702en

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