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Indicating Value in Early-Stage Technology Venture Valuation

A Design Science Approach

  • Book
  • © 2021

Overview

Authors:
  1. Christoph Philipp Wessendorf

    1. Karlsruhe, Germany

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Part of the book series: Schriften zum europäischen Management (SEM)

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xxvi
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  2. Introduction

    • Christoph Philipp Wessendorf
    Pages 1-11

  3. Theoretical Background

    • Christoph Philipp Wessendorf
    Pages 13-69

  4. Methodology

    • Christoph Philipp Wessendorf
    Pages 71-85

  5. Application and Results

    • Christoph Philipp Wessendorf
    Pages 87-239

  6. Discussion

    • Christoph Philipp Wessendorf
    Pages 241-250

  7. Conclusion

    • Christoph Philipp Wessendorf
    Pages 251-253

  8. Back Matter

    Pages 255-270
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Keywords

About this book

Fundraising for venture capital investments have continued to increase in recent years. One crucial step in the investment process is the valuation of the target company. Investors are faced with the great challenge of valuing a young venture without a corporate or financial history, a firm customer relationship or even a business model, while still taking into account the tremendous growth potential. Especially the valuation of technology companies is a difficult and often subjective process. Motivated by these considerations, this dissertation details a design science research project, which aims to develop an artifact that improves the indication of value in early-stage technology venture valuation while enabling operationalizable and fair valuation. This approach ensures a more meaningful valuation and better applicability to early-stage technology ventures compared to traditional methods while supporting the deliberate reduction of information asymmetries between entrepreneurs andinvestors. Firm-specific characteristics and practical applicability are taken into account.

Authors and Affiliations

  • Karlsruhe, Germany

    Christoph Philipp Wessendorf

About the author

Christoph Philipp  Wessendorf is a Co-Founder and Managing Director of a deep tech spin-off firm with roots at the Karlsruhe Institute of Technology, where he also researched valuation of early-stage technology ventures. After earning his Masters in Management at ESCP Europe, Cass Business School and Carlos III University, he worked as a Senior Consultant for the Financial Services industry at a consulting firm.

Bibliographic Information

  • Book Title: Indicating Value in Early-Stage Technology Venture Valuation

  • Book Subtitle: A Design Science Approach

  • Authors: Christoph Philipp Wessendorf

  • Series Title: Schriften zum europäischen Management

  • DOI: https://doi.org/10.1007/978-3-658-34944-8

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Management, Business and Management (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2021

  • Softcover ISBN: 978-3-658-34943-1Published: 25 August 2021

  • eBook ISBN: 978-3-658-34944-8Published: 24 August 2021

  • Series ISSN: 2627-6364

  • Series E-ISSN: 2627-6372

  • Edition Number: 1

  • Number of Pages: XXVI, 270

  • Number of Illustrations: 32 b/w illustrations

  • Topics: Business and Management, general

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