Equidam

FEBRUARY 19, 2023

An era of excessively high startup valuations cannot last, and at some point the early stage fundraising market collapses under its own weight. Never has that been so clear as we spin out of 2022 into strong headwinds for venture capital and startup fundraising. But how can we all agree on an appropriate way to approach early stage valuation? At this stage the process really only produces an opinion on worth, and the validity of that opinion – the test it must pass – ultimately comes

Start-ups 98

Start-ups Equity Venture Capital Fund Intangible Assets 98

Brian DeChesare

FEBRUARY 22, 2023

The buy-side vs. sell-side distinction/debate is interesting because it happens on the internet and in real life. With other topics – such as “ target schools ” or “ elite boutiques ” – few people use the terms in-person. In fact, it would be quite weird if you spoke one of these terms aloud in an interview. But everyone from headhunters to bankers to interviewers uses the terms “buy-side” and “sell-side,” and most people put themselves in one category or the other.

Finance 129

Finance Marketability Banking Corporate Finance 129

Harvard Corporate Governance

FEBRUARY 18, 2023

Posted by Lewis Davison, Fiona McNally and Charlotte North, BNY Mellon, on Saturday, February 18, 2023 Editor's Note: Lewis Davison is a Senior Product Manager, Fiona McNally and Charlotte North are Directors at BNY Mellon. This post is based on a BNY Mellon report. Related research from the Program on Corporate Governance includes The Illusory Promise of Stakeholder Governance (discussed on the Forum here ) by Lucian A.

Compliance 274

Compliance Marketability 274

Viking Mergers

FEBRUARY 23, 2023

Mergers and acquisitions are generally most common in the technology, healthcare, financial services, and retail sectors. But some industries — including manufacturing and finance — saw more M&A action in 2022 than others. This shift resulted in a slight shuffling among the most sought-after business sectors in 2023. As the economy slowed, the end of 2022 saw reduced M&A activity across all industries compared to the final quarter of the previous six years.

Technology 130

Technology Finance B2B Start-ups 130

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

IVSC

FEBRUARY 21, 2023

IVSC is pleased to announce the appointment of three new experts to its Financial Instruments Board (FIB). This addition to the board further strengthens the IVSC’s ability to oversee the development of standards and promote consistent and transparent financial instrument valuations globally. Financial instruments, including securities, derivatives, and structured products, play a critical role in the global financial system and are present in almost every sector of the economy.

Banking 130

Banking Marketability Business Valuation 130

Mckinsey and Company

FEBRUARY 23, 2023

The ‘resilience agenda,’ developed by the World Economic Forum with McKinsey & Company, is the first serious program to coordinate long-term solutions throughout our disrupted world.

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Viking Mergers

FEBRUARY 20, 2023

There is still time to take advantage of these tax credits on your 2022 filing. It is tax season, and as small business owners, we know what that means – how can we save some cash without raising red flags with the IRS? Every year, the IRS collects over $4.9 trillion in taxes; in 2021, $419 million came from businesses. At 35%, America has the highest corporate tax rates in the world’s economies.

Technology 130

Technology Treasury 130

IVSC

FEBRUARY 20, 2023

IVSC is pleased to announce the appointment of seven new members to its Business Valuation Board (BVB). The appointments come as part of the IVSC’s ongoing efforts to broaden the Board’s geographic field of expertise and enhance its collective skillset. Business and intangible asset valuation play a critical role in today’s global economy, as these assets often make up the majority of a company’s value.

Business Valuation 130

Business Valuation Intangible Assets Corporate Finance Finance 130

Mckinsey and Company

FEBRUARY 22, 2023

As 5G technology transforms industries, telcos’ ability to maximize the opportunity will depend on transforming themselves from network providers to outcome providers with a new approach to monetization.

Technology 108

Technology 108

Harvard Corporate Governance

FEBRUARY 21, 2023

Posted by David Lopez, and Jonathan Povilonis, Cleary Gottlieb Steen & Hamilton LLP, on Tuesday, February 21, 2023 Editor's Note: David Lopez is a Partner and Jonathan Povilonis is an Associate at Cleary Gottlieb Steen & Hamilton LLP. This post is based on their Cleary memorandum. A number of U.S. public companies have recently found themselves in a surprising place: trapped in visible and charged debates with politicians over internal corporate and investment policies. [1] And when thos

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Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

Corporate Finance

Equidam

FEBRUARY 22, 2023

Note: We update our startup valuation parameters on a regular basis, in order to stay current with market data and ensure our platform is consistent with the fundraising environment and broad economic trends. Those of you paying attention on the platform will know we’re about to release the 5.6 update. Two specific parameters are always worth a closer look, to understand how the market is developing: Average and Maximum startup valuation for the Scorecard and Checklist methods, derived from our

EBITDA 106

EBITDA Marketability Technology 106

IVSC

FEBRUARY 19, 2023

IVSC is delighted to announce the appointment of four new international experts to its Standards Review Board (SRB). The SRB is responsible for overseeing the work of all the IVSC’s technical boards and is widely regarded as a leading authority on the development and promulgation of International Valuation Standards (IVS), which are used in more than 100 countries.

Finance 130

Finance Marketability Business Valuation 130

Mckinsey and Company

FEBRUARY 23, 2023

McKinsey research identified more than 30 measures that smallholder farmers can pursue to adapt to and mitigate climate change.

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129

Harvard Corporate Governance

FEBRUARY 24, 2023

Posted by Carey Oven, Caroline Schoenecker and Bob Lamm, Deloitte & Touche LLP, on Friday, February 24, 2023 Editor's Note: Carey Oven is National Managing Partner at the Center for Board Effectiveness and Chief Talent Officer, Caroline Schoenecker is an Experience Director, and Robert Lamm is an Independent Senior Advisor. This post is based on their Deloitte LLP memorandum.

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Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

Marketability

ThomsonReuters

FEBRUARY 23, 2023

Stop giving away your expertise for free. Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. The advisory relationship is the bedrock that enables you to form trust and provide higher-value services to your clients. It is how you better understand their goals and develop loyal and profitable relationships.

Compliance 105

Compliance 105

Business Wire M&A

FEBRUARY 23, 2023

HOUSTON--(BUSINESS WIRE)--Hewlett Packard Enterprise (NYSE: HPE) today announced the expansion of its connected edge-to-cloud offering with the acquisition of Athonet, a private cellular network technology provider that delivers mobile core networks to enterprises and communication service providers. Combined with the HPE telco and Aruba networking portfolios, Athonet will put HPE at the forefront of a growing market that is predicted by IDC to increase to more than $1.6 billion1 by 2026.

Technology 104

Technology Marketability 104

Appraisers Blog

FEBRUARY 21, 2023

Under-valuations that more accurately reflect the homes’ “true” value as opposed to the contract price will also alert the buyer, not just the lender, that he or she may be over-paying, which often triggers a renegotiation… when the seller and buyer settle on a new price after the appraisal, the new lower price reduces credit risk, costs to the borrower, and ultimately results in greater wealth for the buyer.

Appraisal 103

Appraisal Finance 103

Harvard Corporate Governance

FEBRUARY 20, 2023

Posted by Rongbing Huang (Kennesaw State University), Jay R. Ritter (University of Florida), and Donghang Zhang (University of South Carolina), on Monday, February 20, 2023 Editor's Note: Rongbing Huang is a Professor of Finance in the Coles College of Business at Kennesaw State University, Jay R. Ritter is the Cordell Eminent Scholar at the University of Florida’s Warrington College of Business, and Donghang Zhang is a Professor of Finance in the Darla Moore School of Business at the University

Finance 230

Finance Banking Marketability 230

Mckinsey and Company

FEBRUARY 21, 2023

The small-and-midsize-business market has huge potential, but it’s also highly competitive and fragmented. Tech providers must understand the unique, evolving needs and preferences of small companies.

Marketability 101

Marketability 101

Business Wire M&A

FEBRUARY 23, 2023

SAN DIEGO, CA. & CAMBRIDGE, Mass.--(BUSINESS WIRE)--MEI Pharma, Inc. (Nasdaq: MEIP) (“MEI”), a clinical-stage pharmaceutical company focused on advancing new therapies for cancer, and Infinity Pharmaceuticals, Inc.

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ThomsonReuters

FEBRUARY 23, 2023

Stop giving away your expertise for free. Sure, you are charging clients for your services; however, the real value is not within your services but within the advisory relationship you are ideally building with your clients. The advisory relationship is the bedrock that enables you to form trust and provide higher-value services to your clients. It is how you better understand their goals and develop loyal and profitable relationships.

Compliance 98

Compliance 98

Harvard Corporate Governance

FEBRUARY 20, 2023

Posted by Allie Rutherford, Adrienne Monley, and Eric Sumberg, PJT Camberview, on Monday, February 20, 2023 Editor's Note: Allie Rutherford is a Partner, Adrienne Monley is a Managing Director, and Eric Sumberg is a Director at PJT Camberview. This post is based on their PJT memorandum.

Marketability 227

Marketability 227

Law 360 M&A

FEBRUARY 20, 2023

Delaware's Court of Chancery restored confidence to millions of investors in former blank-check companies Monday, validating more than a billion publicly-traded shares that a vice chancellor's decision called into doubt late this past year.

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Business Wire M&A

FEBRUARY 22, 2023

BARCELONA, Spain & LAUSANNE, Switzerland--(BUSINESS WIRE)--Spanish pharmaceutical company Ferrer and Swiss clinical stage biotechnology company Asceneuron announce the signing of a licensing agreement in which Ferrer obtains the exclusive worldwide rights to develop and commercialize ASN90 in progressive supranuclear palsy (PSP), an orphan, tau-related disease with a high unmet medical need1.

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98

LaPorte

FEBRUARY 20, 2023

(authored by RSM US LLP) SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs. The post Required minimum distributions after SECURE 2.0 first appeared on LaPorte.

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Harvard Corporate Governance

FEBRUARY 22, 2023

Posted by Gabrielle Lieberman, Russell Reynolds Associates, on Wednesday, February 22, 2023 Editor's Note: Gabrielle Lieberman is a Leader of the Center for Leadership Insights at Russell Reynolds Associates. This post is based on a Russell Reynolds memorandum by Ms. Lieberman and Tom Handcock. Related research from the Program on Corporate Governance includes Politics and Gender in the Executive Suite (discussed on the Forum here ) by Alma Cohen, Moshe Hazan, and David Weiss; Will Nasdaq’s D

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ThomsonReuters

FEBRUARY 23, 2023

QUESTION: For 2023, an employee elected $2,400 of health FSA coverage under our calendar-year cafeteria plan, which is funded solely through employee salary reductions and does not provide for carryovers or include a grace period. The employee has already incurred medical expenses equal to this amount in 2023 and wants to be reimbursed for the expenses now, even though she has only made health FSA salary reductions of $400 to date.

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Business Wire M&A

FEBRUARY 22, 2023

SAN DIEGO--(BUSINESS WIRE)--Luminia has executed a Memorandum of Understanding (MOU) to acquire the assets, development resources and project pipeline of New Hampshire Solar Garden, including 15 MWs of community solar that the companies jointly closed in 2022. Luminia will now control and manage the developer’s community solar portfolio totaling over 218 MWs.

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Benzinga

FEBRUARY 21, 2023

Sigma Lithium Corp (NASDAQ: SGML ) shares are trading higher Tuesday following reports that Tesla Inc (NASDAQ: TSLA ) is considering a bid for the battery metals mining company. What Happened: According to a Bloomberg report released after the market close Friday, Tesla is considering a takeover of. Full story available on Benzinga.

Marketability 98

Marketability 98

Harvard Corporate Governance

FEBRUARY 23, 2023

Posted by Alessio Evangelista, Andrew Good, and Bora Rawcliffe, Skadden, Arps, Slate, Meagher & Flom LLP, on Thursday, February 23, 2023 Editor's Note: Alessio Evangelista and Andrew Good are Partners and Bora Rawcliffe is Counsel at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. On January 17, 2023, the U.S.

Compliance 220

Compliance 220

Law 360 M&A

FEBRUARY 24, 2023

The Federal Trade Commission on Friday pulled the plug on its in-house challenge to Meta's acquisition of virtual reality fitness app maker Within Unlimited, voluntarily dismissing its complaint after a California federal judge refused to issue a preliminary injunction late last month.

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Value Scout

FEBRUARY 21, 2023

We have some exciting news for Value Scout users! Over the past few months, we’ve been working on some impactful improvements for both advisors and business owners. Whether you’re using the platform to model your exit or to build long-term value for your enterprise—this month’s feature release has something for everyone. Feature Overview: Equity and Enterprise Value Toggle for CMV Planning Upgrades & Related Dashboard Cards Business Owner Features: Exported Reports Advisor

Enterprise Value 93

Enterprise Value Equity Marketability 93

Benzinga

FEBRUARY 23, 2023

Redx Pharma and Jounce Therapeutics Inc (NASDAQ: JNCE ) agreed to merge via a proposed all-share transaction. Redx is a clinical-stage biotechnology company focused on discovering and developing small molecule, targeted therapeutics for cancer and fibrotic diseases and cancer-associated fibrosis. The combined group's highest priority will be the development of RXC007, currently in a Phase 2a study in idiopathic pulmonary fibrosis, with topline data expected in Q1 2024.

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Harvard Corporate Governance

FEBRUARY 23, 2023

Posted by Stephen Choi (New York University), Jessica M. Erickson (University of Richmond), Adam C. Pritchard (University of Michigan), on Thursday, February 23, 2023 Editor's Note: Stephen Choi is the Murray and Kathleen Bring Professor of Law at the New York University School of Law, Jessica M. Erickson is the Nancy Litchfield Hicks Professor of Law at the University of Richmond School of Law, and Adam C.

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