Case Study

Novartis Venture Fund: Valuation dilemmas

9 pages
May 2006
Reference: IMD-1-0242

The Novartis Venture Fund is considering investing into a start up,Genedata, and must take into account the valuation analysis by boththe start up as well as Venture Valuation — an independent boutiqueorganization that specializes in valuing high growth potential startups.NVF uses the Venture Valuation inputs to determine how best tostructure the next round of financing for Genedata and the caserequires the reader to discuss and analyze pricing, further financingrequirements, and exit strategy for the fund.

Keywords
Valuation, Start-up, Venture Capital, Pharmaceuticals, Investment Strategy, Fund
Settings
Switzerland
July 1999
Type
Field Research
Copyright
© 2005
Available Languages
English
Related material
Teaching note
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