Teimuraz Vashakmadze told about startup valuation
Founder and Head of Finmodel Cost Management School, Associate professor of IBS RANEPA, shared his experience with RANEPA Summer Campus participants. He told about traditional business valuation and explained why these models cannot be used for valuation of startups and high-tech companies.
Teimuraz pointed out that company valuation is a challenging task which is influenced by numerous factors. Expert or valuation team analyze dynamics, organizational and technological activities of a company, its competitive position, and draw a conclusion on enterprise development prospects. Both client’s competence and information influence a valuation.
Lecturer told how to come to agreement in settings of minimum price of a buyer and maximum price of a seller. He named the price range between minimum and maximum as “zopa” – zone of potential agreement. He also listed traditional business valuation approaches (asset, market and income approaches) and explained why startup shall be valued in a different way.
The organizers of the Summer Campus of the Presidential Academy are the Russian Presidential Academy of National Economy and Public Administration, the Government of the Republic of Tatarstan, the Association of Innovative Regions of Russia, with the support of the Group of Companies ACIG.
General information partner: Forbes. Strategic information partner: TASS. Main information partners: Lenta.Ru. Leading information partner – Polit.ru. Chief regional information partner: Realnoe Vremya (Real Time). Regional information partner: Business Internet portal TatCenter.ru. Information partner in the Republic of Tatarstan – News Agency “Tatar-inform”. Information partners of the Campus: STRBC Tatarstan, Rossiyskaya Gazeta, Radio Svoboda, Expert Tatarstan, magazine Strategy, information and analytical portal Polit.ru, KAZANFIRST and RosBusinessConsulting Tatarstan (RBC Tatarstan).