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.
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.
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