How to value a company s startup financing, and how to value a company s financing

Don't get too tangled in business valuation.

The specific algorithm of corporate financing valuation in China is as follows: the parties can directly entrust a professional asset appraisal agency to calculate, and when calculating, they should first check the investment valuation before and after financing, and the specific value can also be judged with reference to the stock price and financial data of the same industry or similar companies.

Further Material: Financing is the science of finance.

The term refers to a business activity in which an enterprise uses various methods to raise funds from financial institutions or financial intermediaries according to its own operating conditions, capital conditions and development needs.

Ways to finance.

Bank loans. Banks are the most important source of financing for enterprises. According to the nature of funds, they are divided into working capital loans.

There are three types of fixed asset loans and special loans. Special loans usually have a specific purpose, and their loan interest rates are generally relatively favorable, and the loans are divided into credit loans.

Secured loans and bill discounting.

**Funding. **It has the characteristics of permanence, no maturity date, no need to return, and no pressure to repay principal and interest, so the financing risk is small. **Market.

It can promote the transformation of the operating mechanism of enterprises, and truly become legal entities and market competition entities with independent operation, self-responsibility for profits and losses, self-development and self-restraint. At the same time, the market provides a broad stage for asset restructuring, optimizes the organizational structure of enterprises, and improves the integration ability of enterprises.

Bond financing. Corporate bonds.

Also known as corporate bonds, it is a valuable bond issued by an enterprise in accordance with legal procedures and agreed to repay principal and interest within a certain period of time, indicating that the bond issuer and investors are in a creditor-debtor relationship. Bondholders do not participate in the operation and management of the enterprise, but have the right to recover the agreed principal and interest on schedule. In the bankruptcy liquidation of the enterprise.

, the creditor has priority over the shareholder to have the right to claim the remaining property of the enterprise. Corporate bonds, like **, are both valuable and can be freely transferred.

Financial leases. Financial leasing refers to a financing method in which the lessor purchases the leased property from the supplier according to the lessee's choice of suppliers and leased objects, provides them to the lessee for use, and the lessee pays the rent in installments within the time limit specified in the contract or contract.

Financial leasing is a combination of financing and financing, with the dual functions of finance and finance, which has a very obvious role in improving the financing efficiency of enterprises and promoting and promoting the technological progress of enterprises. Financial leases include outright purchase leases, sell-back leasebacks, and leveraged leases.

Overseas financing. Overseas financing methods available to enterprises include loans from international commercial banks, loans from international financial institutions, and enterprises in major overseas capital markets.

bonds, ** financing business.

Dear, hello, I am glad to answer for you, A: Entrepreneurs can make such a reasonable financing valuation, and the valuation of early-stage projects is not calculated by the "value appraiser" in the appraisal agency or the analyst in the investment institution. Although some PE investment institutions or projects involving state-owned shares require asset or value appraisal reports, they usually only meet the needs of the process. Of course, valuation is not really a direct decision, but requires both parties to repeatedly weigh the pros and cons, negotiate and communicate on the basis of patting their heads.

Both parties need to determine the final ** based on the valuation of similar projects in the market, their respective bargaining positions, and the supply and demand curve in the simplest economic principles. A good company and a good number of ** is a good deal, and the vegetable market to buy noisy hail appetizers is the same thing, entrepreneurs have their own **, investors have their own expectations and bargaining ability, 100 yuan a pound of cabbage is definitely not suitable, 1 cent a pound is also a bully, the two sides repeatedly tug at the end of the agreement. If he asks to achieve a return of 100 times, according to the valuation level of the secondary market, the future market value of the company to be invested is up to 10 billion (calculated according to the expected future income and the P e level of the industry in the secondary market), then the current valuation will not exceed 100 million.

If we consider that the investor's shares will be diluted by half by subsequent financing, the company's current valuation will not exceed 50 million.

In general, there is a specific valuation method for each industry. Technology companies tend to be valuated much more than traditional companies in the restaurant industry or in the small goods production industry. Financing:

1. Seed stage: The company is like a blank sheet of paper, it may only be a beta platform (at this time, the company is generally self-funded, and especially excellent entrepreneurs can get about $50,000 to $500,000 in financing).

2. Angel period: At this time, the company should have a full-product pre-defeat test platform for an initial user, and the product business model can be verified in the region (at this time, the company can obtain angel financing, which can be obtained in about 500,000 to 10 million US dollars).

3. Growth period: The product business model has been verified and feasible and has begun to be replicated and promoted nationwide, and their business philosophy can be fully understood, and users and revenue are increasing rapidly (at this time, the company enters the ABCD round of risk financing, and generally can get more than 10 million US dollars in financing).

4. Mature stage: the company has developed and has the basic conditions for harvesting (IPO), in order to maximize the recognition of the capital market, it is hoped to introduce high-quality investors, further consolidate the foundation for development, and expand the scale of development (at this time, the company's financing has the right to speak in the hands of the entrepreneurs themselves, and the corresponding investors and financing amounts can be selected according to the actual needs of the company's business development).