Neil J. Beaton, CPA/ABV, CFA, ASA (Seattle, WA), is a nationally known expert and speaker on the valuation of early stage companies.
He is the Partner in Charge of Valuation Services for Grant Thornton, LLP, an audit, tax, and financial advisory services firm and member of Grant Thornton International.
Neil J. Beaton
Thank you Mr. Beaton
First of all, as an appraiser practicing in Russia, I would like to thank Mr. Beaton
for cutting time from making money on his
valuation job in GT for the benefit of developing of valuation industry.
It is a great source of knowledge for Russian appraisers who have less practical exposure to valuing venture backed companies.
Clearly the author has an excellent understanding of the topic.
The current edition of the book mainly is a subject of interest of practitioners who have extensive experience in valuing early stage companies.
For practitioners who lack of this experience and for students the book could be high-level and therefore less useful.
In this respect I would be grateful if in the next edition Mr. Beaton
will expand his
text in the following areas:
1. More detailed description of calculations within case studies provided (for example on p.100 it is undisclosed how the values and allocation were calculated).
I noted that Mr. Beaton's
goal was not to repeat what had been told by Pratt, Hitchner and other practitioners.