Оценка стоимости венчурных компаний в секторе информационных технологий

Abstract

Prompt development of the information technologies (IT), and also large-scale expansion of penetration of the Internet was one of key catalysts of emergence of "the second wave" venture IT of the companies in recent years. So-called the “first wave” which came to the end with historical correction of the NASDAQ index on 2500 points in the spring of 2000 put both investment, and academic community before the main question: “How to estimate the cost of the venture of IT companies correctly?”. In this work the author through the analysis of specifics of venture IT of business comes to a conclusion about expediency of use of a method of real options with the corresponding modifications considering specifics of venture business. Adaptation of a method of real options to features of sector of information technologies at estimation of cost of the companies is result of the real research.