1. Introduction
Abschnittsübersicht
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Welcome to "Startup Valuation!" The valuation of startup firms is arguably the most fascinating but also the most daunting valuation task. This introductory section motivates the topic and provides an overview of the structure of the module.
The main learning goals of this module are:
- Understand the many challenges we face when trying to value startups.
- See how to adjust the DCF-approach in specific situations.
- Learn how Venture Capitalists (VCs) value startups.
- Understand the difference between valuations and issue prices.
- Learn how to use real option considerations to value startups.