{"product_id":"valuations-of-early-stage-companies-and-disruptive-technologies-how-to-value-life-science-cybersecurity-and-ict-start-ups-and-their-technologies-9783030388461","title":"Valuations of Early-Stage Companies and Disruptive Technologies: How to Value Life Science, Cybersecurity and ICT Start-ups, and their Technologies","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThis book will serve as a practical guide for entrepreneurs and investors\/advisors in constructing and understanding valuations of startups in rapidly shifting industries, including the areas of drug development, medical devices, cyber security, and renewable energy. For large companies, valuation is based on forecasts of free cash flow; in technologically-driven industries, product pipelines can represent a large part of market capitalization. The situation is even more critical for small companies committed to a single idea: all of their value is linked to a single project. Any business transaction or internal proposal to begin or terminate an R\u0026amp;D project in which innovative projects are being valued or exchanged requires a realistic valuation of those projects. Moreover, different projects have very different dynamics. Pharmaceuticals have very large lead times and are dependent on patents as well as out-licensing agreements. In contrast, software develops very quickly, and IP is hard to value. This book will be a guide to building appropriate valuations for companies competing in rapidly shifting industries and offering products under new business models where little precedent exists, taking both financial and behavioral issues into consideration.\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003ePart I     A Short Overview of Valuations\u003c\/b\u003e\u003cb\u003e \u003c\/b\u003e\u003cbr\u003e1   Introduction \u003cbr\u003e2      Understanding Financial Valuations: Foundations and Basic Traditional Techniques \u003cbr\u003e\u003cbr\u003e\u003cb\u003ePart II     Overcoming Valuation Hurdles: How to Conduct Valuations Under Unique Circumstances\u003c\/b\u003e\u003cb\u003e \u003c\/b\u003e\u003cbr\u003e  3      Understanding the Basic Elements of Stockholder Statements and Their Use in Valuations \u003cbr\u003e  4      Valuation Methods: The First Chicago Venture Method and the Use of Real Options \u003cbr\u003e\u003cbr\u003e\u003cb\u003ePart III     Behavioral Factors: How Psychology Affects Bias in Valuations\u003c\/b\u003e\u003cb\u003e \u003c\/b\u003e\u003cbr\u003e5      Introduction to Behavioral Finance​ 6      An Overview of Investor Behavior in Financial Markets and Psychological Influences on Valuations7      How to Overcome Investor Behavior and Psychological Influences in Valuations: How to Evaluate a Dream? \u003cbr\u003e\u003cbr\u003e\u003cb\u003ePart IV     An Introduction to Valuations in R\u0026amp;D- Intensive Industries\u003c\/b\u003e\u003cb\u003e \u003c\/b\u003e\u003cbr\u003e8   The  Pharmaceutical  Sector \u003cbr\u003e9      Life Sciences: Disrupting Biologic Drugs Manufacturing \u003cbr\u003e10      An Overview of the Cybersecurity and the Renewable  Energy Sectors\u003cbr\u003e\u003cbr\u003e\u003cb\u003ePart V     Actual Valuations\u003c\/b\u003e\u003cb\u003e \u003c\/b\u003e\u003cbr\u003e11      Company A: Pharmaceutical\/New Compounds \u003cbr\u003e12   Company  B:  Pharmaceutical\/Biologics \u003cbr\u003e13   Company  C:  Cybersecurity14      Company D: Renewable Energy \u003cbr\u003e15   Conclusion\u003cbr\u003e\u003cbr\u003eAppendix A: Capitalization Rate for Renewable Energy Firms \u003cbr\u003eAppendix B: Capitalization Rate for Software Firms \u003cbr\u003eIndex","brand":"Springer Nature Switzerland AG","offers":[{"title":"Default Title","offer_id":51742845370711,"sku":"9783030388461","price":999.99,"currency_code":"GBP","in_stock":false}],"url":"https:\/\/bookcurl.com\/products\/valuations-of-early-stage-companies-and-disruptive-technologies-how-to-value-life-science-cybersecurity-and-ict-start-ups-and-their-technologies-9783030388461","provider":"Book Curl","version":"1.0","type":"link"}