Episode Details

Vas price companies, they don't value them, and that is exactly what you should expect them to do, given how success is measured in the business. That pricing, though is based upon small samples of companies, where price updating is infrequent and transactions are opaque. That makes VC pricing noisy, biased and lagged. Those limitations, though, are what give the very best VCs an edge over the rest.
Slides: http://www.stern.nyu.edu/~adamodar/pdfiles/blog/VCPricing.pdf
Blog Post: http://aswathdamodaran.blogspot.com/2016/10/venture-capital-it-is-pricing-not-value.html

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