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en>Jaywubba1887: /* Numerical representations */ Fixed grammar

2014-12-30T06:44:21Z

Numerical representations: Fixed grammar

← Older revision		Revision as of 08:44, 30 December 2014
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	~~{{Refimprove\|date=July 2008}}~~		Dalton is what's written on his birth certificate but nevertheless , he never really liked that name. His friends say it's negative for him but what he loves doing happens to be acting and he's have been doing it for several years. In his [http://Www.Wonderhowto.com/search/professional+life/ professional life] he is actually a filing assistant and his salary has not too long ago really fulfilling. His wife and your guy live in Idaho but nevertheless he needs to exchange because of his friends and family. Go to his website locate out more: http://circuspartypanama.com<br><br>my webpage - [http://circuspartypanama.com clash of clans hack tool v3.1 password]
	~~{{Confusing\|date=July 2008}}~~

	A '~~''pre-money valuation''' is a term widely used in [[private equity]] or [[venture capital]] industries~~, ~~referring to the [[Valuation (finance)\|valuation]] of a company or asset prior to an [[investment]] or [[finance\|financing]]~~.~~<ref>http://www.investopedia.com/ask/answers/114.asp#ixzz1WQq46zn0</ref> If an investment adds cash~~ to ~~a company, the company will have different valuations before~~ and ~~after the investment. The pre-money valuation refers to the company~~'s ~~valuation before the investment~~.

	External investors, such as [[venture capitalist]]s and [[angel investors]] will use a pre-money valuation to determine how much [[Stock\|equity]] to demand in return for their cash injection to an [[entrepreneur]] and his ~~or her~~ [~~[startup company]].<ref>~~http://~~www~~.~~avc~~.com/~~a_vc~~/~~2011~~/~~08/pricing-a-follow-on-venture-investment.html</ref> This~~ is ~~calculated on a fully diluted basis.~~

	~~Usually, a company receives many rounds of financing (conventionally named Round A, Round B, Round C, etc.) rather than~~ a ~~big lump sum in order to decrease the risk for investors~~ and ~~to motivate entrepreneurs~~. ~~Pre-~~ and ~~post-money valuation concepts apply to each round.~~

	~~==Basic formulae==~~
	~~:<math>\text{post-money valuation} = \text{new investment} \,\cdot\, \frac {\text{total post investment shares outstanding}}{\text{shares issued for new investment}}</math>~~

	~~:<math>\text{pre-money valuation} = \text{post-money valuation} - \text{new investment}</math>~~

	~~==Round A==~~
	~~Shareholders of Widgets, Inc. own 100 shares, which is 100% of equity. If an investor makes a $10 million investment (Round A) into Widgets, Inc.~~ in ~~return for 20 '''newly issued''' shares, the implied [[post-money valuation]] is:~~

	~~: $10 million * (120 / 20) = $60 million~~

	~~This implies a pre-money valuation equal~~ to ~~the post-money valuation minus the amount~~ of ~~the investment~~. ~~In this case, it is:~~

	~~: $60 million – $10 million = $50 million~~

	~~The initial shareholders dilute their ownership~~ to ~~100/120 = 83.33%.~~

	~~==Round B==~~
	Let's assume that the same Widgets, Inc. gets the second round of financing, Round B. A new investor agrees to make a $20 million investment for 30 newly issued shares. If you follow the example above, it has 120 shares outstanding. Post-money valuation is:

	: ~~$20 million * (150~~ / ~~30) = $100 million~~

	~~The pre-money valuation is:~~

	~~: $100 million – $20 million = $80 million~~

	~~The initial shareholders further dilute their ownership to 100~~/~~150 = 66.67%.~~

	~~==Upround and downround==~~
	Upround and downround are two terms associated with pre- and post-money valuations. If the pre-money valuation of the upcoming round is higher than the post-money valuation of the last round, the investment is called an upround. If the pre-money valuation is lower than the post-money valuation of the previous round, then the investment is called a downround.<~~ref~~>~~[http://bartekr.wordpress.com/ Cap Table Basics]~~<~~/ref~~> ~~In the above example, Round B was an upround investment, because pre-money B ($80 million) was higher than was post~~-~~money A ($60 million).~~

	A successful growing company usually receives a series of uprounds until it is [[Initial public offering\|launched on the stock market]], sold, or merged. Downrounds are painful events for initial shareholders and founders, as they cause substantial ownership dilution and may damage the company's reputation. Downrounds were common during the [[dot-com crash]] of 2000–2001.

	~~==See also==~~
	*[[Post-money valuation]]
	*[[Capitalization table]]

	~~==References==~~
	~~{{Reflist}}~~

	~~==External links==~~
	*[http://~~www.investopedia~~.com~~/ask/answers/114.asp Forbes Investopedia: What's the difference between pre-money and post-money? ]~~
	*[http://www.thestartuplawyer.com/venture-capital/what-is-a-pre-money-and-post-money-valuation Ryan Roberts: What is a Pre-money and Post-money Valuation?]
	*[http://www.socaltech.com/Insights/showarticle.~~php?id=00040 Samuel Wu: Venture Capital 101 for Startups — Valuation]~~

	~~{{Private equity and venture capital}}~~

	~~[[Category:Private equity]]~~
	~~[[Category:Venture capital]]~~
	~~[[Category:Valuation (finance)]~~]

95.80.52.46: typo: perserving -> preserving

2013-12-10T08:32:52Z

typo: perserving -> preserving

← Older revision		Revision as of 10:32, 10 December 2013
Line 1:		Line 1:
	~~Selected~~ of the ~~author is just Gabrielle Lattimer~~. ~~For years she~~'s ~~been working compared~~ to a ~~library assistant~~. ~~For~~ a ~~while she's yet been~~ in ~~Massachusetts~~. As a ~~woman what your woman really likes~~ is ~~mah jongg but she doesn~~'~~t have made~~ a ~~dime utilizing~~ it. ~~She~~ is ~~running~~ and ~~maintaining~~ a ~~meaningful blog here:~~ http://~~prometeu~~.~~net~~<br>~~<br>Here~~ is ~~my web site~~ [http://~~prometeu~~.~~net clash of clans hack tool~~]		{{Refimprove\|date=July 2008}}
			{{Confusing\|date=July 2008}}

			A '''pre-money valuation''' is a term widely used in [[private equity]] or [[venture capital]] industries, referring to the [[Valuation (finance)\|valuation]] of a company or asset prior to an [[investment]] or [[finance\|financing]].<ref>http://www.investopedia.com/ask/answers/114.asp#ixzz1WQq46zn0</ref> If an investment adds cash to a company, the company will have different valuations before and after the investment. The pre-money valuation refers to the company's valuation before the investment.

			External investors, such as [[venture capitalist]]s and [[angel investors]] will use a pre-money valuation to determine how much [[Stock\|equity]] to demand in return for their cash injection to an [[entrepreneur]] and his or her [[startup company]].<ref>http://www.avc.com/a_vc/2011/08/pricing-a-follow-on-venture-investment.html</ref> This is calculated on a fully diluted basis.

			Usually, a company receives many rounds of financing (conventionally named Round A, Round B, Round C, etc.) rather than a big lump sum in order to decrease the risk for investors and to motivate entrepreneurs. Pre- and post-money valuation concepts apply to each round.

			==Basic formulae==
			:<math>\text{post-money valuation} = \text{new investment} \,\cdot\, \frac {\text{total post investment shares outstanding}}{\text{shares issued for new investment}}</math>

			:<math>\text{pre-money valuation} = \text{post-money valuation} - \text{new investment}</math>

			==Round A==
			Shareholders of Widgets, Inc. own 100 shares, which is 100% of equity. If an investor makes a $10 million investment (Round A) into Widgets, Inc. in return for 20 '''newly issued''' shares, the implied [[post-money valuation]] is:

			: $10 million * (120 / 20) = $60 million

			This implies a pre-money valuation equal to the post-money valuation minus the amount of the investment. In this case, it is:

			: $60 million – $10 million = $50 million

			The initial shareholders dilute their ownership to 100/120 = 83.33%.

			==Round B==
			Let's assume that the same Widgets, Inc. gets the second round of financing, Round B. A new investor agrees to make a $20 million investment for 30 newly issued shares. If you follow the example above, it has 120 shares outstanding. Post-money valuation is:

			: $20 million * (150 / 30) = $100 million

			The pre-money valuation is:

			: $100 million – $20 million = $80 million

			The initial shareholders further dilute their ownership to 100/150 = 66.67%.

			==Upround and downround==
			Upround and downround are two terms associated with pre- and post-money valuations. If the pre-money valuation of the upcoming round is higher than the post-money valuation of the last round, the investment is called an upround. If the pre-money valuation is lower than the post-money valuation of the previous round, then the investment is called a downround.<ref>[http://bartekr.wordpress.com/ Cap Table Basics]</ref> In the above example, Round B was an upround investment, because pre-money B ($80 million) was higher than was post-money A ($60 million).

			A successful growing company usually receives a series of uprounds until it is [[Initial public offering\|launched on the stock market]], sold, or merged. Downrounds are painful events for initial shareholders and founders, as they cause substantial ownership dilution and may damage the company's reputation. Downrounds were common during the [[dot-com crash]] of 2000–2001.

			==See also==
			*[[Post-money valuation]]
			*[[Capitalization table]]

			==References==
			{{Reflist}}

			==External links==
			*[http://www.investopedia.com/ask/answers/114.asp Forbes Investopedia: What's the difference between pre-money and post-money? ]
			*[http://www.thestartuplawyer.com/venture-capital/what-is-a-pre-money-and-post-money-valuation Ryan Roberts: What is a Pre-money and Post-money Valuation?]
			*[http://www.socaltech.com/Insights/showarticle.php?id=00040 Samuel Wu: Venture Capital 101 for Startups — Valuation]

			{{Private equity and venture capital}}

			[[Category:Private equity]]
			[[Category:Venture capital]]
			[[Category:Valuation (finance)]]

en>Loadmaster: /* Converting color to grayscale */ added well-known YUV/YIQ formula for luma component, and ATSC formula for HDTV

2012-08-26T15:56:32Z

Converting color to grayscale: added well-known YUV/YIQ formula for luma component, and ATSC formula for HDTV

New page

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