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Valuation Methods 101

Gust

Dave Berkus is a founding member of the Tech Coast Angels in Southern California, a lecturer and educator. (in the case of one investment round, no subsequent investment and therefore no dilution). Then: Post-money Valuation = Terminal Value Ă· Anticipated ROI. The Dave Berkus Method. He has invested in more than 70 startup ventures.

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There Is Only ONE Silicon Valley

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Boston, New York City, Seattle and Southern California spawn many exciting startups…but do not exceed the Valley in any measure of entrepreneurial achievement. Many other communities are entrepreneur-friendly and, by any measure, have the tools in place to spawn new high growth companies.

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Right Entrepreneurs In The Right Place Get Funded

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California (Silicon Valley), New York (NYC), and Massachusetts (Boston) are the places to be in the US for venture capital attention. Asian teams in California raised median funding rounds of $4.4M, significantly higher than the $3M raised by mixed or all-white founding teams. No surprises here. Experience does count.

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Valuations 101: The Dave Berkus Method

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Dave Berkus is a founding member of the Tech Coast Angels in Southern California, a lecturer and educator. Quality Management Team. We recently started a series of posts on establishing the pre-money valuation of pre-revenue startup companies for purposes of investment by seed and startup investors. Here is his latest version.

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“Bored” of Directors Can Become Clash of Titans

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This tension explains why shareholder advocacy groups, large investment funds, and (to a varying extent) the SEC put so much energy behind initiatives related to executive compensation , Board independence, shareholder proposals (the corporate equivalent of direct democracy — e.g., propositions on the ballot in California), and so forth.

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Market Opportunity From Customer Hostility, Exhibit 802.11: Airline WiFi

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That’s two free drinks on this particular one-way trip from New York to California, a $10 value (although not worth suing over ). I’m no UI/UX designer or product manager, but I do work with entrepreneurs daily. Nevertheless, Southwest charges $5 for in-flight Internet access, which starts to feel like nickel-and-diming.

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Do It Right The First Time, Part II: Visit the Doctor or House Call?

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Take any steps needed to qualify Newco to conduct the business it plans to conduct wherever it’s located (for example, a filing made in California qualifying a Delaware corporation to do business there if the management team is located in San Francisco).