Valuation and Selection of High-Tech Startups by Venture Capital Firms and Business Angels (SECA (Swiss Private Equity and Corporate Finance Association))

Summary

• Lukas André authored an empirical study titled Valuation and Selection of High-Tech Startups by Venture Capital Firms and Business Angels [p.1].p.1
• The research report is published as SECA Booklet Nr. 2 [p.2].p.2
• The study investigates selection criteria and formal valuation methods used by investors through interviews and a written survey [p.2].p.2
• The document contains a total length of 98 pages [p.2].p.2
• The publication is offered for a fee of CHF 30.‐ [p.2].p.2
• SECA represents Swiss venture capital, private equity, and corporate finance areas as an industry association [p.1].p.1

Key insights

1. Business angels and venture capital firms serve as essential investors covering high capital demands during founding and growth phases of high-tech startups.p.2
2. Investors play a significant macroeconomic role in promoting innovation through targeted early-stage financing.p.2
3. Determining promising startups from numerous funding requests is one of the most demanding tasks for early-stage investors.p.2
4. Startup selection combines various qualitative selection criteria with formal quantitative valuation methods.p.2
5. The study highlights distinct differences in evaluation and selection approaches between business angels and venture capital firms.p.2