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Squaring Venture Capital Valuations with Reality

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NBER2017-10-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w23895
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资源简介:
We develop a valuation model for venture capital-backed companies and apply it to 135 U.S. unicorns private companies with reported valuations above $1 billion. We value unicorns using financial terms from legal filings and find reported unicorn post-money valuation average 50% above fair value,
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2017-10-01
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