The Brenner Banner

One question we frequently get concerns the relationship between the post-money value of a company provided by a venture capitalist on an early stage financing and the fair market value or fair value of a company as estimated for 409A or 123R purposes, respectively.

In a nutshell, the numbers are developed for two different purposes and should not be expected to be the same or even similar. (more…)

In our high technology valuation practice in Silicon Valley, typically we develop estimates of the client’s value using two or more valuation methods. For instance, we might use a discounted cash flow method, and another method that uses valuation multiples derived from publicly traded companies; there are other methods as well. (more…)

As an early stage technology company grows and matures, the finance and accounting functions should be expected to grow and mature along with it. From the perspective of 409A and 123R compliance, this means that over time there should be improvement in the financial projections maintained by the company. (more…)

An essential ingredient of sound and accurate 409A valuations is a complete set of financial projections. 409A clients often ask what that means and The Brenner Group valuation Vice President Bill Denebeim provides answers to four common questions about solid financial projections.

(more…)

Welcome to The Brenner Banner, where finance and accounting experts share their insights on business valuation and litigation support news and trends in the technology industry.

(more…)