advertisement

Bio nano elements of early stage valuation and value growth

67 %
33 %
advertisement
Information about Bio nano elements of early stage valuation and value growth
Health & Medicine

Published on March 1, 2014

Author: JohnNapierPMP

Source: slideshare.net

Description

Bio nano elements of early stage valuation and value growth
advertisement

Elements of Early Stage Valuation and Value Growth Gene Scout Talk for NanoBioConvergence Mary D Napier 3/1/2014 May 17, 2006 mnapier@genescout.com 1

What we do Discovery Science Translation Strategy Consulting Project Mgmt Business Development Portfolio Management Gene Scout advises along several aspects of technology Commercialization pending on the needs of the client. 3/1/2014 mnapier@genescout.com 2

Translation • IP, literature and clinical trial scan in your company’s scientific area. • Define market positioning and economic value. • Market segmentation to understand your company’s major competition and market niche. • Create operating financial and marketing plan for your company. • Provide best practice benchmarks for business development: financial and licensing terms relevant to your valuation. Translation 3/1/2014 mnapier@genescout.com 3

Before getting to the model Photo Masks Microscopy Define who you are. Define the application. Research Tool Define the market and the product. Others? 3/1/2014 mnapier@genescout.com Nano Lithography (Template Fabrication) SemiConductors (circuits) Others? 4

‘Crossing the chasm’: defining your market, obtaining PoC customer Market: 1. A set of actual or potential customers 2. for a given set of products or services 3. who have a common set of needs or wants AND 4. who reference each other when making a buying decision(1). Proof of concept customer: Pilot project (s) to validate technology (1) Geoffrey Moore, Crossing the Chasm (Collins Business Essentials, 1991). P. 28. 3/1/2014 mnapier@genescout.com Market Adoption 5

Decision Point: Is it a publication, sponsored research or a new company? Not your decision entirely. • IP estate: yours and the marketplace. • Market Potential: your market positioning. • Team. • Money. 3/1/2014 mnapier@genescout.com 6

The step function of building value. Exit Beta two Beta one 40% return Alpha 3/1/2014 mnapier@genescout.com 7

Creating Value: Thinking simply, cutting through confusion. Revenues – Costs = Profit Bid Price on Contract 3/1/2014 Consumables Contract mnapier@genescout.com 8

Types of Valuation Models • The emotional model • The discounted cash flow model • The comparables model • Others? 3/1/2014 mnapier@genescout.com 9

Negotiation and valuation Understand your customer’s mindset…understand your financier’s mindset. • The Angel • The Venture Capitalist • The Strategic Investor 3/1/2014 mnapier@genescout.com 10

Early stage valuation: the influence of comparables. Public comparables. Private Comparables2 Series A: Nano Opto Corp: $16M raise. IPO valuation down Pharmaceuticals: Series B: Nanotechnologies: $6.4M raise, $19M post money. Applied Microstructures: $8.5M raise. Raise less than $100 for A ~$200 valuation IPO Exit. NEWCO Nano Public market Comparables3: Series C: Molecular Imprints: $17-25M raise. Post money ~$100M SMMX: $869M CALP: $176M ACCL: $175M Series D (C): Nanosphere: $59M raise, Post money~$100-$125M 3/1/2014 Sources Cont’d 2.) OneSource and company websites. 3.) Market caps supplied by Yahoo Finance, May 16th 2006. mnapier@genescout.com 11

Takeaway Exit Investor: “Buy Low, Sell High” Beta two Entrepreneur: know thy market, love thine customer. Beta one Alpha 40% return 3/1/2014 mnapier@genescout.com 12

Add a comment

Related presentations

Related pages

Bio Nano | LinkedIn

Bio Nano. Articles, experts, jobs, and more: get all the professional insights you need on ... Leader in Bio and Nano Technology at Dove Biotech Co., ...
Read more

How does an early-stage investor value a startup?

How does an early-stage investor value a startup? ... Startup valuation, ... when an early stage investor is trying to determine whether to make an ...
Read more

The Berkus Method: Valuing an Early Stage Investment ...

For those of us who’ve invested in early stage ... assessing the value of critical elements of a startup ... Valuation of Early Stage ...
Read more

Scorecard Helps Angels Value Early-Stage Companies - Forbes

... to supporting the companies you invest in to growth ... Value Early-Stage ... pre-money valuation and the elements that ...
Read more

The Stages in Venture Capital Investing - CFA Level 1 ...

CFA Level 1 - The Stages in Venture ... Early Stage - For companies that are able to begin ... The company demonstrates significant revenue growth, ...
Read more

How to Calculate the Value of Your Early-Stage Startup ...

... a reasonable valuation for your early-stage ... How to Calculate the Value of ... in relative values for the first four elements in order ...
Read more

Navigating through a Biotech Valuation - Open Biotech and ...

Navigating through a Biotech Valuation ... important element of valuation. ... a present value. First, revenue and revenue growth projections ...
Read more

Thompson Research Group - University of Southern California

Nano Bio-Sensors; Biotic/Abiotic ... Nanotechnology is the result of scientific research carried out on ... These devices are still in the early stages of ...
Read more

Valuation[mdash]what you need to know : Article ...

... used to value an early-stage biotech company. Gauging value ... elements of a company's science ... money valuations: pre-money is the value before ...
Read more