Valuation of Internet Start-ups : (Record no. 84478)

MARC details
000 -LEADER
fixed length control field 07131nam a22004573i 4500
001 - CONTROL NUMBER
control field EBC1640272
003 - CONTROL NUMBER IDENTIFIER
control field MiAaPQ
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20191126114521.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS
fixed length control field m o d |
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field cr cnu||||||||
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 191125s2013 xx o ||||0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9783954895823
Qualifying information (electronic bk.)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
Canceled/invalid ISBN 9783954890828
035 ## - SYSTEM CONTROL NUMBER
System control number (MiAaPQ)EBC1640272
035 ## - SYSTEM CONTROL NUMBER
System control number (Au-PeEL)EBL1640272
035 ## - SYSTEM CONTROL NUMBER
System control number (CaPaEBR)ebr10856566
035 ## - SYSTEM CONTROL NUMBER
System control number (OCoLC)871779570
040 ## - CATALOGING SOURCE
Original cataloging agency MiAaPQ
Language of cataloging eng
Description conventions rda
-- pn
Transcribing agency MiAaPQ
Modifying agency MiAaPQ
050 #4 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HD62.5 -- .F536 2014eb
082 0# - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 658.11
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Flanc, Jean-Baptiste.
9 (RLIN) 88201
245 10 - TITLE STATEMENT
Title Valuation of Internet Start-ups :
Remainder of title An Applied Research on How Venture Capitalists value Internet Start-ups.
250 ## - EDITION STATEMENT
Edition statement 1st ed.
264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Place of production, publication, distribution, manufacture Hamburg :
Name of producer, publisher, distributor, manufacturer Diplomica Verlag,
Date of production, publication, distribution, manufacture, or copyright notice 2013.
264 #4 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE
Date of production, publication, distribution, manufacture, or copyright notice ©2014.
300 ## - PHYSICAL DESCRIPTION
Extent 1 online resource (72 pages)
336 ## - CONTENT TYPE
Content type term text
Content type code txt
Source rdacontent
337 ## - MEDIA TYPE
Media type term computer
Media type code c
Source rdamedia
338 ## - CARRIER TYPE
Carrier type term online resource
Carrier type code cr
Source rdacarrier
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Valuation of Internet Start-ups -- Abstract -- Acknowledgements -- Table of Contents -- List of Tables -- List of Figures -- List of Abbreviations -- 1. Introduction -- 1.1. Topic -- 1.2. Research Objectives -- 1.3. Research Design -- 1.4. Structure -- 2. Overview and Definitions -- 2.1. The New Economy -- 2.2. The Development of Start-ups -- 2.3. The Venture Capital Funding -- 3. Dealing with Intangibles Assets -- 3.1. Identification -- 3.2. Expenses Misclassification and Other Characteristics -- 3.3. Accounting Treatment -- 4. Financial Valuation Methods -- 4.1. Discounted Cash Flow Valuation Method -- 4.2. Relative Valuation Method -- 4.3. Other Valuation Methods -- Conclusion -- List of References.
520 ## - SUMMARY, ETC.
Summary, etc. This book deals with the valuation of Internet start-ups after the burst of the dot-com bubble. The objective is to fill some of the existing gaps in order to contribute to the development of this field of study. Indeed, it is a relatively recent subject, and the research devoted to it, is still limited. The valuation of an Internet start-up does not only depend on ist stage of development, but also on five qualitative factors, namely the team, the business model, the market, the risk, and the exit options. In fact, venture capitalists base their valuation on the perceived growth potential of the company. Subsequently, this book addresses the issue of intangible assets. In fact, an Internet company derives most of ist value from the intellectual capital, the brand equity, and the website. The author analyses these intangible assets and their accounting treatment. The discounted cash flow valuation method is based on financial projections, and the relative valuation method. These factors are identified and examined in detail. Their analysis is crucial for it determines the valuation of an internet start-up.   Auszug aus dem Text Text Sample: Chapter 3.1., Identification: In today's world, intangible assets represent an increasing proportion of the value of a company. This can be demonstrated thanks to some estimation made in 2000, which results showed that more than US 1 trillion were invested in intangible assets. The most interesting observation made was the same intangible assets were capitalized at more than US 6 trillion. This clearly demonstrates that, in the new economy, which is to say the Internet industry, companies derive most of their value from intangibles assets such as intellectual capital, brand equity, and website. And this is also the reason that explains Internet companies have to be valued differently from the other
520 8# - SUMMARY, ETC.
Summary, etc. conventional valuing conventional companies. 3.1.1, Intellectual Capital: Intellectual capital can be described as the set of intangibles assets that encompasses human capital, structural capital, and relational capital. It should be noticed that some refer to the intellectual capital as knowledge assets. Intellectual capital has a double role: first, it supports the capabilities, and second, it transforms them into core competencies. Human capital, also called human resource, is the 'knowledge provided by employees in forms of competence, commitment, motivation and loyalty as well as in form of advice or tips'. In other words, it is the value that employees bring to the company, which is the most difficult thing to estimate in a business. One of the most relevant components of the human capital is the employees' flexibility, which is a key attitude in investments related processes; such as, for instance, expanding or abandoning. In fact, as it has been stated, 'such flexibility itself is a source of value since it helps managers avoid decisions that lock into negative value outcomes'. And finally, human capital is also a source of competitive advantage, since competition is partially based on human capabilities and competencies. Structural and relational capitals include elements such as patents, trademarks, copyrights, and customer lists. The valuation of these intangibles assets is easier than that of human capital. In fact, for what concerns technological patents, for example, there are many different benchmarks and technical measurements that can me very useful during the valuation. Between the different methods that can be used by experts, some are focused on the phases of development, the testing cycles, and the patent approvals. Thanks to the facility to evaluate structural capital, this kind of intangible assets can be transferred or sold
520 8# - SUMMARY, ETC.
Summary, etc. easily to another company. Technical patents were taken as an example, but the same thing can also be said for other assets, such as customer lists. Moreover, as it was true for human capital, structural and relational capitals can bring competitive advantage to the company as well, for example, through differentiation. Furthermore, these capitals can be subject of licensing agreements. To conclude, it can be affirmed that as it is true for other intangible assets, intellectual capital is relatively complicated to measure. For this reason, it is often extremely difficult to precisely determinate how much an Internet company really worthy. To support this idea, it has been stated that 'the traditional valuation tools (…) do not fully capture how intellectual capital contributes to firm value'.
588 ## - SOURCE OF DESCRIPTION NOTE
Source of description note Description based on publisher supplied metadata and other sources.
590 ## - LOCAL NOTE (RLIN)
Local note Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2019. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element New business enterprises -- Management.;Business enterprises -- Computer networks.;Internet -- Management.
9 (RLIN) 88202
655 #4 - INDEX TERM--GENRE/FORM
Genre/form data or focus term Electronic books.
9 (RLIN) 88203
776 08 - ADDITIONAL PHYSICAL FORM ENTRY
Relationship information Print version:
Main entry heading Flanc, Jean-Baptiste
Title Valuation of Internet Start-ups: An Applied Research on How Venture Capitalists value Internet Start-ups
Place, publisher, and date of publication Hamburg : Diplomica Verlag,c2013
International Standard Book Number 9783954890828
797 2# - LOCAL ADDED ENTRY--CORPORATE NAME (RLIN)
Corporate name or jurisdiction name as entry element ProQuest (Firm)
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://ebookcentral.proquest.com/lib/thebc/detail.action?docID=1640272">https://ebookcentral.proquest.com/lib/thebc/detail.action?docID=1640272</a>
Public note Click to View
887 ## - NON-MARC INFORMATION FIELD
Content of non-MARC field EBK
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