Font Size: a A A

An Evaluation On Value Of Start-up High Technology Companies Invested With Venture Capital

Posted on:2003-08-02Degree:MasterType:Thesis
Country:ChinaCandidate:L P ZhangFull Text:PDF
GTID:2156360065451086Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
During the new economic era, new high-tech industries have become the core of the development of global economy. Because their developments decide the social economy' progress, people pay more attention to high-tech companies than ever before.As a financial medium, Venture Capital plays an important role on start up high-tech. Companies, especially on capital and management. The bondage of capital and technology promotes high-tech companies' growing, furthermore promotes the whole economic situation of the society. However, without standard or rational methods and procedures, the coalescence of them could not come true, at least the efficiency could sank down.On the base of describing the underlining knowledge of Venture Capital and its relation with high-tech, industry, the paper analyzes how to choose the accurate methods when we evaluate the high-tech company's value, puts forward the qualitative and quantitative opinion of evaluating start-up high-tech company, and presents the qualitative company's value analysis using the revised Tyebjee-Bruno model according to my own social practice, utilizes the real option method to evaluate the invested project when we evaluate the start-up high-tech company's value, and considers human resource as an important part of company's value, finds the linearity function of company's value. In this paper, we provide a reference standard in order to make them coalesce better, and hope it could be helpful for the development of Venture Capital's microcosmic theory.
Keywords/Search Tags:Venture Capital, Company Value, Real Option, Option Value
PDF Full Text Request
Related items