Blog

Valuing VC Investments – An Intuitive Example (Sort Of)

Startup companies don’t just disrupt established industries, they add great complexity to ecosystems that support their growth.  Among countless supporting functions, valuation services had to up the game.   We are not talking about online valuation tools (or SaaS-like offerings), most of which are fantastically dumbed-down versions of Excel models pretending to be AI (we

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Valuation Market Multiples: Not So Simple

Market multiples are popular in business valuation.  They are intuitive and easy to apply. From water-cooler to fancy investment conferences, market multiples seem to distill the essence of most complex businesses to a simple multiplication:

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Purchase Price Allocation (ASC 805) Benchmarking Study IT 2018

  We are pleased to present the results of our purchase price allocations benchmarking study for Information Technology acquisitions completed in 2018. FULL REPORT     While no two acquisitions are the same, common themes in the valuation of intangibles and goodwill can be found along industry lines. Information Technology companies commonly rely on such

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IPO Valuation Gap Explained

Much is being said these days about IPO valuation gap.  The gap refers to a situation where IPO valuation drops below the valuation of the latest private financing round.  WeWork is the most recent example with its massive $47B private valuation (we will call it “headline valuation”) being reduced by  70% to $15B as it

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Redefining Goodwill To Save Balance Sheet

Or a radically new approach to goodwill. Introduction Much is being said these days about the utility of accounting for goodwill.  Two key concerns seem to dominate the discussion: conceptual vagueness of goodwill, the uncertainty of subsequent accounting, and related accounting costs.  While certain aspects of accounting for goodwill warrant deeper review, it seems that most

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Valuation Date Survey

The goal of the survey is to assist valuation clients in selecting a valuation date. Valuation date issues are more prevalent in common stock valuations (a.k.a. 409A valuation) because it requires strict coordination with equity-based compensation dates.

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Most new projects will require a brief introductory conversation. Unless you are a returning client asking for an update to a old valuation, please use the calendar below to schedule a call with us:

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We are located in the San Francisco Bay Area, while our clients cover much broader geography, from Southern California to the East Coast and Europe. Please contact us with questions and inquiries. Also, feel free to stop by on your way to the beautiful Sonoma or Napa Valley.

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