Projections Used In An Auction Process
Bullish financial projections do not attract a higher price for a business. In fact, they speak to lack of credibility of the vendor and their advisers and potentially damage the functioning of the auction.
Bullish financial projections do not attract a higher price for a business. In fact, they speak to lack of credibility of the vendor and their advisers and potentially damage the functioning of the auction.
A recent Supreme Court of Canada decision on the tax treatment of assumed future obligations has great relevancy to mining and other resource transactions.
“The Goldman Four were unsupervised, inexperienced, incompetent and lazy investment bankers who were put on a transaction that in the scheme of things was small potatoes for Goldman.” – NYT
High Park Capital Partners may be a good solution for private companies considering succession alternatives.
Establishing a price for investment with a VC is a difficult experience. It is always helpful for an entrepreneur to understand how a VC approaches a valuation.