Scorecard valuation for early-stage pre-revenue start-up companies

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Tezin Türü: Yüksek Lisans

Tezin Yürütüldüğü Kurum: Orta Doğu Teknik Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü, Türkiye

Tezin Onay Tarihi: 2017

Öğrenci: OLCAY ALPTUĞ AKDAĞ

Danışman: SEZA DANIŞOĞLU

Özet:

This master’s thesis aims to value early-stage pre-revenue start- ups with scorecard method. Discount cash flow method is applied to model so as to construct projection and calculate present value as a benchmark company while qualitative questionnaire is scored by an angel investor in order to associate firm specific risks. Financials and scores are gathered from authorities and interviews with investor and investee. The thesis also investigates whether method is applicable in practical manner or not. Final consideration is negotiation of both parties on percentage of company.