Why Would Investment Bankers Embrace Social Media During a Downturn?
I was thrilled to be asked by Bob London, a friend of 2i, to offer my perspective on the effect of the recession on my investment banking practice. You can read the article in Bob’s Executive Perspectives Blog or below.
Following our blog last week tracking two articles discussing IP in the recession, I happened across Michael Moberly’s and JongPil Cheon’s article Use Intangible Assets to Weather the Financial Crisis (you may need to sign up for the trial subscription to download the PDF). The article provides a good theoretical overview on the importance of, and how to identify, intangible assets. Mr. Moberly is a long-time educater, practitioner and advocate of the strategic importance of intangible assets. I’m a regular reader of Mr. Moberly’s Business IP and Intangible Asset Report and Blog, where he discusses other important aspects of intangible assets from a strategic perspective.
Filed Under Intangible Assets, Intellectual Property, Recession
You know times are tough when there is more than just the occasional article discussing intellectual property issues. We think IP is cool, exciting stuff but it’s not a big seller of newspapers and magazines. (Ironically, these are the folks that should consider selling IP to supplement their obsolete business model.) Bloomberg and Bank Systems Technology each published interesting articles on the subject today.
What’s a business valuator to do? So much has changed in just the last few months, particularly the compression of asset prices across the board, that the normal data sources used for valuations are obsolete. This was the buzz and the subject of an excellent presentation by Stuart Bassin of the Zitelman Group at the latest Maryland chapter meeting of the National Association of Certified Valuation Analysts (NACVA), one of four primary associations for business valuation professionals (the others being AICPA, IBA, and ASA).
There is no shortage of databases to get business valuation metrics — BizComps for “Main Street Businesses”, IBA for asset transactions of 100% controlling interests, Done Deals for private and public middle market transactions. There are plenty of others. Each has its strengths and limitations and most provide some reasonably acceptable data points for companies based on industry, size, location, transaction type, and other important criteria. Where is the database, however, for valuation metrics in the months (and possibly years) following a loud pop of a worldwide asset bubble? Hmm, well . . . . there is none.
Filed Under Business Valuation, Recession
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