Cart 0
Assessing the Economic Value of Venture Capital Contracts: An Option Pricing Approach (ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL

Assessing the Economic Value of Venture Capital Contracts: An Option Pricing Approach (ebs-Forschung, Schriftenreihe der EUROPEAN BUSINESS SCHOOL

ISBN: 9783834928122
Publisher: Gabler Verlag
Edition: 2011
Publication Date: 2011-02-10
Number of pages: 153
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.
$122.81

Jil C. Onimus makes a contribution to the nascent research line on the economic value of venture capital contracts which lies at the intersection of venture capital contract design and real option pricing. She identifies the baskets of real options embedded in model venture capital contracts as published by the National Venture Capital Association (NVCA) and shows how they can be priced in interaction using Lease Squares Monte Carlo simulation. The pricing model is calibrated by means of a dataset of deal terms in Silicon Valley as well as industry statistics from the NVCA. By applying the model to standard investment scenarios (multiple financing rounds with multiple investors), the author obtains estimates of option values for individual terms and for full contracts with interaction effects.

Customer Reviews


Share this Product


More from this collection