Startup A Comprehensive Guide to Valuing Fast-Growing Pre-Revenue Companies Theory, Methods, Regulation, and Practice (Valuation in Practice Series)
by Ascent Partners
Unlock the secrets of startup valuation with the definitive textbook for finance professionals, investors, founders, and students. Whether you’re an MBA candidate, a venture capital analyst, or a founder preparing for your next funding round, this book delivers the rigorous frameworks, practical tools, and real-world case studies you need to value pre-revenue and early-stage companies with confidence.
What Makes This Book Different?
Mathematical Dive deep into probability theory, option pricing, and stochastic processes—explained step-by-step and applied to real startup scenarios.Comprehensive Master the Scorecard, Berkus, Risk Factor Summation, Venture Capital, and Real Options methods, with detailed worked examples and sensitivity analyses.Regulatory & Legal Navigate IFRS 13, ASC 820, and IRS 409A with compliance checklists, disclosure templates, and summaries of key court cases.Real-World Case Learn from 20+ detailed examples, including Instagram, Airbnb, Theranos, Tesla, Snowflake, and more—successes and failures alike.Industry-Specific Specialized approaches for SaaS, biotech, fintech, marketplaces, hardware, and consumer businesses.Practical Downloadable Excel templates, Python code for Monte Carlo simulations, and ready-to-use checklists for every stage of the valuation process.Common Avoid the most frequent errors in startup valuation, from TAM overestimation to dilution miscalculation and cognitive bias.Who Should Read This Book?
Graduate MBA and MS Finance students in entrepreneurial finance, venture capital, or valuation courses.Investment Banking & VC Professionals working on M&A, IPOs, or private placements involving early-stage companies.Venture Capital & Private Equity Investors seeking robust, defensible valuation frameworks for high-uncertainty environments.Valuation Consultants & Specialists performing 409A valuations, fairness opinions, or litigation support.Entrepreneurs & Gain an insider’s view of how investors value your company—and how to prepare for negotiations.Inside You’ll
15 in-depth chapters, 5 appendices, 300+ exercises, 20+ real-world cases, 50+ figures, and 100+ tables.Instructor resources, including a comprehensive manual, PowerPoint slides, test bank, and more (available separately).A full glossary, bibliography, and index for quick reference.About Ascent Ascent Partners is a leading authority in startup valuation, venture finance, and regulatory compliance, with decades of experience advising clients across Asia and globally. The firm’s experts combine academic rigor with hands-on deal experience to deliver practical, actionable insights for the next generation of finance professionals.