Video ~ What is Value? Purpose of Valuation
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Book ~ Dollar Value
The book, Dollar Value, written by David Smith, describes the techniques used to assess real-world valuations of technology-oriented assets and explains how the prices offered by buyers looking to acquire the ideas and productions of inventors, creators, developers and entrepreneurs can be predicted with some accuracy.
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Slideshow Handout ~ Company Valuation
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Reading ~ Book: Dollar Value ~ The Concept of Value
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Video ~ Valuation ~ Comparables
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Video ~ Real Estate Appraisal
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Reading ~ Book: Dollar Value ~ Comparables Approaches
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Video ~ Valuation ~ Build Cost Plus
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Video ~ Cost Approach to Valuation in Insurance
One of the basic decisions you need to make when purchasing an insurance policy is the type of valuation you would like it to be based on. This will affect the amount of coverage you wish to purchase, policy premiums, coinsurance and much more. Insurance policies need to have a fair means of valuing your property at the time of a loss. The two basic choices are: “Replacement Cost Valuation” and “Actual Cash Value”.
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Reading ~ Dollar Value ~ Pages 11-13
This portion of the book, Dollar Value, by David Smith, explains the following Cost-based approaches to Valuation: Replication Cost Approach; Replacement Cost Approach; as well as Cost Savings Approach.
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Video ~ Valuation ~ Earnings Multiple
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Video ~ Valuation ~ Revenue Multiple
The value of a company can be estimated by comparing its sales revenue with the revenues of similar companies with known valuations.
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Video ~ Valuation ~ Discounted Cash Flows
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Video ~ Valuation ~ Bonds
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Video ~ The Time Value of Money
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Video ~ What is the Time Value of Money?
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Video ~ Discounted Cash Flow
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Reading ~ Dollar Value ~ Pages 13-17
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Reading ~ Introduction to the Time Value of Money
The time value of money is the value of money, figuring in a given amount of interest earned over a given amount of time. For example, $100 of today's money invested for one year and earning 5% interest will be worth $105 after one year. Therefore, $100 paid now or $105 paid exactly one year from now both have the same value to the recipient who assumes 5% interest; using time value of money terminology, $100 invested for one year at 5% interest has a future value of $105.
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Video ~ Economic Forces of Supply & Demand
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Video ~ Price Driven by Supply and Demand
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Reading ~ Book: Dollar Value ~ Market Forces of Supply & Demand
In a free market, the rules of economics govern the price of companies, shares and technology assets as well the price of apples, oranges, jet planes and everything else. A principle you should consider when considering price says that the price will tend to rise when you introduce additional competing buyers; and conversely, the price will tend to fall when additional competing sellers are introduced to the marketplace.
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Video ~ Valuation ~ Stock Options
Stock Options are rights to buy shares in the future at a pre-agreed price. This voice narrated slideshow investigates how Stock Options might be valued.
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Video ~ Price-Earnings Ratio
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Reading ~ Book: Dollar Value ~ Valuation of Established Businesses
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Video ~ Valuation ~ Publicly Traded Companies
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Video ~ Valuation ~ IPO
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Video ~ Valuation ~ Liquidity Discount
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Video ~ Valuation ~ Minority Discount & Control Premium
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Video ~ Behavioral Finance: The Role of Psychology
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Video ~ History and Theory Behind Stock Markets
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Video ~ Efficient Markets Theory
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Silicon Valley Trends Podcast ~ What Drives Stock Market Share Prices?
If you ever wondered how share prices were determined on the stock market, this podcast might be for you. In this podcast David Smith episodes explains how the price of a stock is driven by the value of the company, which is driven by the company’s earnings. David goes on to explain how dividends, the balance sheet, economic forces of supply and demand, future expectations and predictions, information about the public and its prospects, market momentum, merger & acquisition activity and market volatility each drive the share price.
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Reading ~ Dollar Value ~ Pages 27-30
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Video ~ Valuation ~ Mergers & Acquisitions
This voice narrated slideshow deals with valuation for merger and acquisition transactions, particularly acquisition of companies that are generating positive cash flows.
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Video ~ Valuation ~ When to Talk Price
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Video ~ Valuation ~ Weighted Average
There are various techniques available for valuing a company. Some can produce inaccurate valuations in certain situations. Reviewing several valuations produced by various methods and calculating a weighted average may produce a figure that eliminates some of the extreme value assessments.
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Video ~ The Art of Valuing a Business in M&A
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Reading ~ Book: Dollar Value ~ Valuation of Businesses in Mergers & Acquisition Transactions
Valuations are instrumental when companies are acquired in merger or acquisition transactions. The price paid to acquire a company sets an accurate valuation for that particular company at that point in time, especially when the acquisition is all financed in cash. When the acquisition is financed in stock, and shares in the acquirer is exchanged for stock in the acquired company, another step in the valuation process is necessary to determine the fair market price of the stock exchanged, and the valuation figures produced can be somewhat more subjective than a pure cash transaction.
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Reading ~ Startup Valuation Case Study
The Delaware court analyzes the various valuation techniques featured in the sale of Trados. This is a real-world example explaining how valuations are considered in M&A transactions, and how they are treated by the Delaware courts.
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Video ~ Valuation ~ Return on Investment
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Video ~ Startup Valuation
This voice narrated slideshow looks at the methods of valuation used by Venture Capital and other investors, when assessing the value of seed and early stage startup companies.
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Video ~ Valuation ~ Early & Seed Stage Startups
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Video ~ Valuation ~ Later-Stage Funding
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Video ~ Valuation ~ Depends on Transaction
This voice narrated slideshow looks at the valuation techniques that are useful for assessing the value of companies, under various scenarios.
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Video ~ Pre-Money Post-Money
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Video ~ Liquidation Preference
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Silicon Valley Trends Podcast ~ Why Startup Valuation is Not Startup Valuation
This episodes explains how startups are valued and presents the argument as to why venture capital investments in startup ventures should not be used as the basis to place a valuation on the company.
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Video ~ What is a 409A Valuation?
How a third party valuation of common stock can avoid costly tax consequences later on.
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Video ~ Inrtroduction to 409A Valuations of Common Stock
409A Valuation determines the fair market value of a private company’s common stock and the price of stock option grants to employees. It’s the first step in building an equity plan that can be the cornerstone of a talented and motivated staff.
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Reading ~ Book: Dollar Value ~ Valuation of Startup Companies in Venture Capital & Other Financings
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Reading ~ Blip in Unicorn Valuations
Tech startups, especially privately held companies, reaching billion dollar valuations are referred to as "Unicorns". This article looks at the fluctuations in their valuations.
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Reading ~ 16 Things To Know About The 409A Valuation
For a privately-held company, the 409A valuation is the only method you can use to grant options on a tax-free basis to your employees.
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Video ~ Valuation ~ Technology Asset Sale
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Reading ~ Book: Dollar Value ~ Valuation of Product-Lines
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Reading ~ Book: Dollar Value ~ Valuation of Software Code
Where software code has ongoing license revenues, the value of the code can be valued by running a discounted cashflow analysis of the projected revenues to produce a net present value of the code today. However, most software does not have such ongoing royalty streams and the valuation of software code usually requires an analysis of the cost of replicating the code, with comparables where they’re available.
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Video ~ Patent Valuation
This voice narrated slideshow looks at techniques for assessing the market value of a patent under various scenarios.
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Video ~ The License Back: Sell Patents, then Sell the Company?
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Video ~ Infringed Patents Sell
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Reading ~ Book: Dollar Value ~ Valuation of Patents
Patents form the primary assets for many companies today, especially those in technology-oriented sectors, but the valuation of patents requires an understanding of the nature of patents and a variety of valuation methodologies. Patent valuation is necessary to assess the damages a court should award in patent litigation suits, to fix a price when a patent is sold, and to assess the value of the intellectual property sitting on a company’s books.
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Slideshow Handout ~ Patent Valuation
PDF slides for the learning material titled: "Video ~ Patent Valuation".
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No “Apportionment” Requirement for Design Patent Damages - Apple v. Samsung
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Reading ~ Patent Sale Data
Defensive aggregator, Allied Security Trust has released data on its Industry Patent Purchase (IP3) patent-buying program.
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Reading ~ Book: Dollar Value ~ Valuation of Trademarks
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Reading ~ Book: Dollar Value ~ Valuation of Internet Domain Names
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Reading ~ Dollar Value ~ Pages 87-89
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