Evaluation of startups through Internet platforms
https://doi.org/10.21285/2227-2917-2023-3-433-441
EDN: GVRXTI
Abstract
The situation in the venture capital market is continually changing, as evidenced by the statistics on the use of venture investment pools. Experienced investors, reducing their risks, give preference to firmly established startups that are at intermediate and late stages of development, as well as those in the sphere of IT development and high technologies. This approach leads to a situation when investors do not notice quite a number of interesting, impressive and promising projects at their early and seed stages. In this regard, it is relevant to consider some methods aimed at the evaluation of startups at different stages of their development. The traditional methods of evaluating projects with no operational history are not suitable. The instruments for preparing startup business plans as well as discounting and compounding tools are relevant up to the entry point of the search for financial resources. In a real situation, a perspective innovative startup risks to be taken over as a result of the only available way of mobilising resources – through the inclusion of investors in the startup owners (shareholders) pool. Other traditional sources – internal funds and bank loans – limit a startup’s resource, most often at the seed stage, due to their limited scope and high cost of borrowed capital. As a rule, the borrowed capital in the form of bank loan is basically unavailable for startup initiation due to no ways to ensure repayment guarantees, while the possibility of relying on a business plan for a startup in the process of raising bank funds is a common misconception. In recent years, the impact of the development of specific Internet resources on the structure of investment in economy has been tangible. In addition to innovative ideas in entrepreneurship, a number of instruments specific of new processes in investing are being realised. Business angels, accelerators, startup-oriented Internet resources are shifting to the mechanisms of remote assessment of startup potential and its subsequent funding.
About the Authors
A. S. Sobolev
Irkutsk State University
Russian Federation
Russian Federation
Alexander S. Sobolev, Senior Lecturer of the Department of Entrepreneurship and Management in the Field of Services and Advertising
1 Karl Marx St., Irkutsk 664003
V. Yu Konyukhov
Irkutsk National Research Technical University
Russian Federation
Russian Federation
Vladimir Yu. Konyukhov, Cand. Sci. (Eng.), Associate Professor, Associate Professor of the Department of Automation and Control
83 Lermontov St., Irkutsk 664074
T. Ya. Druzhinina
Irkutsk National Research Technical University
Russian Federation
Russian Federation
Tatiana Ya. Druzhinina, Cand. Sci. (Eng.), Associate Professor, Associate Professor of the Department of Mechanics and Resistance of Materials
83 Lermontov St., Irkutsk 664074
V. N. Tarakanovskaya
Irkutsk National Research Technical University
Russian Federation
Russian Federation
Victoria N. Tarakanovskaya, Assistant Director of JSC "Metropolis"
23v Dorzhi Banzarova St., Irkutsk 664043
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Review
For citations:
Sobolev A.S., Konyukhov V.Yu., Druzhinina T.Ya., Tarakanovskaya V.N. Evaluation of startups through Internet platforms. Izvestiya vuzov. Investitsii. Stroitelstvo. Nedvizhimost. 2023;13(3):433-441. (In Russ.) https://doi.org/10.21285/2227-2917-2023-3-433-441. EDN: GVRXTI
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