The Best Way How to Value Startups: the Blankenship Method

Searching for ways how to value a startup? Good news, Ross Blankenship (https://www.udemy.com/user/ross-blankenship) - a known expert on startup valuations goes into detail on startup valuations using his "Blankenship Method." You need to learn more about this method as it is revolutionizing startup economics and old methods are now consolidated into this new valuation principle. After earning his BA in economics and government from Cornell University, Ross Blankenship went on to obtain his JD from Washington University School of Law. A successful entrepreneur, investor, and author, he lectures at universities and provides online courses to help budding entrepreneurs establish successful startups. Ross Blankenship developed the Blankenship Method to improve precision and how people understand what goes into a startup's economic valuation. .

The Blankenship Method (https://www.quora.com/profile/Ross-Blankenship) provides a more objective evaluation of a business than a mere gut feel. The decision-making process involves five factors that can be quantified, namely: People, Product, Process, Traction, and Financials. People are the most important factor and comprise 40 percent of the overall venture score. The product should be something that consumers constantly desire and have an extended lifetime value.

Process pertains to the method of product selling, which requires a clear vision of the marketing and branding approach to utilize. Traction refers to the willingness of people to buy the product, not only that they are showing interest. These factors interconnect to produce the outcome, which is profitability. Profit does not have to be produced immediately, but projections should show increasing profitability over time. These factors are quantified on a 100-point scale. To learn more, visit https://medium.com/@rossblankenship.

Negotiation Competition Challenges Law Students

Author Ross Blankenship educates through his writing and by lending his expertise to entrepreneurs. Ross Blankenship earned a juris doctor from the Washington University School of Law, where he also became a champion in the regional negotiation competition and advanced as a finalist in the national competition, which is organized by the American Bar Association.

The American Bar Association negotiation competition is held each year. The event requires law students to compete in a negotiation simulation. At each level of competition, the students, who are acting as lawyers, must navigate different legal problems in a particular topic. Topics include areas such as employment law and intellectual property law.

Students compete on teams, and each team is made up of two students from the same school. Teams must first participate in regional competitions that are hosted by select schools around the country. If they advance, they then go on to the national competition, which has been held in Chicago the last three years. A panel of judges rates each team's performance throughout the process.

Those teams that earn a top place in the national competition are invited to take part in the international negotiation competition, which is held in a different country each year. The 2020 competition will be held in the United States in Missoula, Montana.