Ideally, step one includes
several valuation approaches rather than relying on the income approach alone and concludes a reconciled value as if stabilized.
Not exact matches
And, as I noted in the earlier post, the stakes are positively enormous, potentially affecting billions of dollars in future revenue, to say nothing of the
valuations of
several companies that have already launched to take advantage of this
approach.
Technology companies are starting to take a more cautious
approach compared with the go - go funding mantra of the past
several years, when startups raised as much capital as they could at the highest
valuations possible.
Several approaches and methods of
valuation analyses exist and should be reviewed, analyzed, and matched to the purpose and circumstances surrounding the subject being valued.
Still, given the market's rich
valuation, one would have expected in advance that the Fund would be largely hedged, and to that extent, the Fund's hedging
approach performed in 2006 basically as expected - it muted the impact of market fluctuations on the Fund, and contributed
several percent in «implied» interest.