Valuation Models for Early-Stage, Knowledge-Based Companies

Thursday September 18, 2014 12:00 PM – 1:00 PM ET

Presentation Overview

There’s no stopping the proliferation and momentum of tech/knowledge-based start-ups in the Canadian ecosystem, and that’s an overwhelmingly positive development. Start-up’s and fledgling, evolving companies represent significant potential future client pipeline for accounting professionals. Engaging them, to help them through some early challenges, like forecasting and supporting fundraising/capitalization objectives, presents a tremendous opportunity to solidify a long-term relationship. Start-up Founders typically need to raise equity capital to support their launch and growth, and frequently seek CBV support to help guide them through negotiations with investors, be they family/friends, angels or venture capitalists. The valuation exercise is more difficult the younger the company is, and the lack of historical data and uncertainty about revenue, cash flows and growth rate make use of the discounted cash flow (DCF) method for valuing early stage start-ups largely untenable. In this webinar, we explore a number of alternative methods and models for valuing early-stage companies, most often used by venture capitalists who negotiate with start-up Founders, in the context of equity investment. These methods may also be potentially employed for succession planning, marital/partner dissolution with asset division, or M&A activities.

Presenter:

Gregory Phipps: Managing Director, Investment – Innovacorp Mr. Phipps is a former entrepreneur and operational executive with more than 25 years business management and investment experience. He previously founded two companies in the media/advertising services sector. The last fifteen years of his career have been focused on managing venture capital investments in knowledge-based companies in Canada, first as Director, with BDC Venture Capital: the largest VC fund in Canada. Currently, Mr. Phipps is Managing Director, Venture Capital at Innovacorp Venture Capital. Gregory has managed more than fifty equity-based investment transactions, in eighteen companies, in the IT/software, medical device, and telecommunication sectors. He estimates that he has engaged in a valuation exercise, for existing and prospective investee companies, more than two-hundred times. Gregory also has deep Board governance experience, and has fulfilled Director and Board Committee roles in twenty (20) for-profit corporations and nine (9) not-for-profit entities.

Register Register Online:

https://cicbv.ca/events/webinar-valuation-models-for-early-stage-knowledge-based-companies/

Fee: $ 70.00 CE Credit 1.0 hours