Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?

Detalhes bibliográficos
Autor(a) principal: Cheng, Yan de Arruda
Data de Publicação: 2021
Outros Autores: Roquete, Raphael Moses, Campani, Carlos Heitor
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Ciências Administrativas (Fortaleza. Online)
Texto Completo: https://ojs.unifor.br/rca/article/view/10172
Resumo: The Brazilian Startup market has been growing fast recently, but the assessment of a startup company is still considered a black box by many authors and investors in the market. The main reason for the difficulty of evaluating a startup is the lack of a universal methodology applicable to this type of company. In this article, the authors tested an alternative way to evaluate a company using key variables from the founder’s experience. Approximately 30 Brazilian VC funds and the profile of 130 founders with public data were analyzed, and we found significance in the founder’s senior management experience before the funding stage. The result is still basic to consider a new assessment approach for startups, but the main conclusion of this article is relevant: the experience of senior management has a significant and consistent impact on the assessment of a startup in Brazil.
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spelling Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?Experience frontierVenture capitalStartup valuationFounder’s track recordVenture CapitalExperience frontierVenture capitalStartup valuationFounder’s track recordVenture CapitalThe Brazilian Startup market has been growing fast recently, but the assessment of a startup company is still considered a black box by many authors and investors in the market. The main reason for the difficulty of evaluating a startup is the lack of a universal methodology applicable to this type of company. In this article, the authors tested an alternative way to evaluate a company using key variables from the founder’s experience. Approximately 30 Brazilian VC funds and the profile of 130 founders with public data were analyzed, and we found significance in the founder’s senior management experience before the funding stage. The result is still basic to consider a new assessment approach for startups, but the main conclusion of this article is relevant: the experience of senior management has a significant and consistent impact on the assessment of a startup in Brazil.The Brazilian Startup market has been growing fast recently, but the assessment of a startup company is still considered a black box by many authors and investors in the market. The main reason for the difficulty of evaluating a startup is the lack of a universal methodology applicable to this type of company. In this article, the authors tested an alternative way to evaluate a company using key variables from the founder’s experience. Approximately 30 Brazilian VC funds and the profile of 130 founders with public data were analyzed, and we found significance in the founder’s senior management experience before the funding stage. The result is still basic to consider a new assessment approach for startups, but the main conclusion of this article is relevant: the experience of senior management has a significant and consistent impact on the assessment of a startup in Brazil.Universidade de Fortaleza2021-09-15info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojs.unifor.br/rca/article/view/1017210.5020/2318-0722.2021.27.3.10172Revista Ciências Administrativas; v. 27 n. 3 (2021)2318-0722reponame:Revista Ciências Administrativas (Fortaleza. Online)instname:Universidade de Fortaleza (UNIFOR)instacron:UNIFORporhttps://ojs.unifor.br/rca/article/view/10172/6755Copyright (c) 2021 Revista Ciências Administrativas ou Journal of Administrative Scienceshttps://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessCheng, Yan de ArrudaRoquete, Raphael MosesCampani, Carlos Heitor2022-01-28T14:11:30Zoai:ojs.ojs.unifor.br:article/10172Revistahttps://periodicos.unifor.br/rcahttp://ojs.unifor.br/index.php/rca/oai||revcca@unifor.br|| sergioforte@unifor.br2318-07221414-0896opendoar:2022-01-28T14:11:30Revista Ciências Administrativas (Fortaleza. Online) - Universidade de Fortaleza (UNIFOR)false
dc.title.none.fl_str_mv Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
title Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
spellingShingle Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
Cheng, Yan de Arruda
Experience frontier
Venture capital
Startup valuation
Founder’s track record
Venture Capital
Experience frontier
Venture capital
Startup valuation
Founder’s track record
Venture Capital
title_short Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
title_full Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
title_fullStr Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
title_full_unstemmed Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
title_sort Founder’s Added Value in a Startup Valuation. Could an Expert be Worth an Extra Penny?
author Cheng, Yan de Arruda
author_facet Cheng, Yan de Arruda
Roquete, Raphael Moses
Campani, Carlos Heitor
author_role author
author2 Roquete, Raphael Moses
Campani, Carlos Heitor
author2_role author
author
dc.contributor.author.fl_str_mv Cheng, Yan de Arruda
Roquete, Raphael Moses
Campani, Carlos Heitor
dc.subject.por.fl_str_mv Experience frontier
Venture capital
Startup valuation
Founder’s track record
Venture Capital
Experience frontier
Venture capital
Startup valuation
Founder’s track record
Venture Capital
topic Experience frontier
Venture capital
Startup valuation
Founder’s track record
Venture Capital
Experience frontier
Venture capital
Startup valuation
Founder’s track record
Venture Capital
description The Brazilian Startup market has been growing fast recently, but the assessment of a startup company is still considered a black box by many authors and investors in the market. The main reason for the difficulty of evaluating a startup is the lack of a universal methodology applicable to this type of company. In this article, the authors tested an alternative way to evaluate a company using key variables from the founder’s experience. Approximately 30 Brazilian VC funds and the profile of 130 founders with public data were analyzed, and we found significance in the founder’s senior management experience before the funding stage. The result is still basic to consider a new assessment approach for startups, but the main conclusion of this article is relevant: the experience of senior management has a significant and consistent impact on the assessment of a startup in Brazil.
publishDate 2021
dc.date.none.fl_str_mv 2021-09-15
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://ojs.unifor.br/rca/article/view/10172
10.5020/2318-0722.2021.27.3.10172
url https://ojs.unifor.br/rca/article/view/10172
identifier_str_mv 10.5020/2318-0722.2021.27.3.10172
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://ojs.unifor.br/rca/article/view/10172/6755
dc.rights.driver.fl_str_mv Copyright (c) 2021 Revista Ciências Administrativas ou Journal of Administrative Sciences
https://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Revista Ciências Administrativas ou Journal of Administrative Sciences
https://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de Fortaleza
publisher.none.fl_str_mv Universidade de Fortaleza
dc.source.none.fl_str_mv Revista Ciências Administrativas; v. 27 n. 3 (2021)
2318-0722
reponame:Revista Ciências Administrativas (Fortaleza. Online)
instname:Universidade de Fortaleza (UNIFOR)
instacron:UNIFOR
instname_str Universidade de Fortaleza (UNIFOR)
instacron_str UNIFOR
institution UNIFOR
reponame_str Revista Ciências Administrativas (Fortaleza. Online)
collection Revista Ciências Administrativas (Fortaleza. Online)
repository.name.fl_str_mv Revista Ciências Administrativas (Fortaleza. Online) - Universidade de Fortaleza (UNIFOR)
repository.mail.fl_str_mv ||revcca@unifor.br|| sergioforte@unifor.br
_version_ 1788165808463020032

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