This course will provide the financial professional a new approach for addressing the unique challenge of valuing a New Venture or a New Product. Critical topics, such as how to overcome the short comings of the Venture Capital Valuation Method, how Commercialization Risk affects valuation, how the use of Real Options Analysis improves valuations and how to assign Discount Rates in an uncertain environment, will be introduced as a means to develop a risk-based valuation technique. Using the anticipated cash-flow from a new venture/new product, this systematic valuation method takes into consideration the changing risk profile as commercialization risk is reduced to arrive at a market validated valuation.
By the end of the course, those financial professionals with expertise in Excel will be able to construct the needed detailed financial forecast model and valuation model to perform this technique. Sample spreadsheet templates of these two models will be supplied with Part II of this course. Part II of this course will provide tutorials on how to customize these spreadsheet templates.
Review Questions: Pre-Revenue New Venture and New Product Valuation Technique: Part I
FINAL EXAM: Pre-Revenue New Venture and New Product Valuation Technique: Part I
Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.
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After a successful corporate career spanning R&D to Marketing, I developed expertise in new venture finance while working as a business analyst in a technology incubator. While employed full-time with a start-up enterprise, I was also the founding faculty member of the University of Florida's professional MSEntrepreneurship program teaching Venture Finance and New Venture Creation. The Journal of Business Valuation and Economic Loss Analysis published my paper, "Risk-Based New Venture Valulation Technique: Win-Win for Entrepreneur and Investor" in 2013.
Director of Operations : Wave Contact Lens System - [2006-03 to Current]
WCLS provides software for designing custom corneal topography based contact lenses.
Visiting Professor : University of Florida - [2003-09 to 2014-04]
Founding faculty in the professional MSEntrepreneurship program teaching Venture Finance, New Venture Creation, Marketing Analysis Seminar. In 2011, migrated to the full-time MSE program teaching the Lean Entrepreneurship Accelerator Program.PMSE Outstanding Faculty Award in 2005, 2008.
Senior Business Analyst : Enterprise North Florida Corporation - [1997-10 to 2006-03]
ENFC was a technology incubator providing start-up companies access to institutional and private investors.
Owner : VARA & Associates - [1996-09 to 1997-10]
Media Products Manager : Anacomp Magnetics, Inc. - [1994-10 to 1996-08]
Director of Marketing : Graham Magnetics Inc. - [1991-10 to 1994-09]
Director of Product Line Management : Graham Magnetics, Inc. - [1989-10 to 1991-09]
Manager of Quality Engineering : Graham Magnetics, Inc. - [1988-10 to 1989-09]
Director of Research & Devellopment : Graham Magnetics, Inc. - [1981-10 to 1988-09]
Senior Process Engineer/Section Manager : Ampex Corporation - [1977-09 to 1981-10]
Continuous Dye Range Supervisor : Milliken & Company - [1976-04 to 1977-09]
Symposia for Entrepreneurship Educators, Entrepreneurship education : Babson College - [2012 to 2012]
The Lean Launchpad Educators Program, Entrepreneurship education : University of California-Berkeley - [2012 to 2012]
MBA, Business Administration with Marketing emphasis : Texas Christian University - [1988 to 1991]
BSChE, Chemical Engineering : University of Florida - [1973 to 1976]