初创型科技企业估值方法研究——基于风险投资法视角

Research on Valuation Method of Start-up Technology Companies——Based on the Perspective of Risk Investment Method

随着我国高科技企业的迅速发展,风险投资市场迫切需要一种恰当的企业估值方法。本文结合初创型高科技企业估值的特点对风险投资法进行理论研究,并结合实际案例进行具体分析。研究发现,利用风险投资法评估企业价值是可行的,但也存在一些不足;在实务中投资人多以该方法为基础,与企业家进行协商谈判,并对估值结果做出一定的调整。

With the rapid development of high-tech enterprises in our country,the venture capital market urgently needs a proper valuation method to carry on the valuation of the enterprise.Combining with the characteristics of the valuation of high-tech enterprises,the paper take theory study on risk investment method.and combined with the actual case to do a specific analysis.The study found that apply the risk investment method to enterprise value assessment is feasible,but it also exists some disadvantages.In the practice,at most cases,investors use the method as foundation to negotiate with the entrepreneur,and make some adjustments to the valuation results.