Your task is to value the assigned company, TICKETRUSH, using the THREE valuation methods we learned in class:

• The Berkus method
• The scorecard method
• The VC method

Your group will have to be creative with your research. Here are some tips:

1. PrivCo is a database that is accessible through the library.syr.edu system. You will have to complile another account to access the database.

2. Some of you might want to access the Crunchbase database at Crunchbase.com. One of your group members will have to complile a "free trial" account on Crunchbase.com. The free trial will require you to enter your credit card information. Upon completion of this assignment, PLEASE MAKE SURE YOU CANCEL YOUR TRIALor you will be charged. Trial accounts are for seven days so plan accordingly.

3. Angel.co is also a good source for private company information. Complile a free account and use your LinkedIn credentials.

The TICKETRUSH business plan can be found in the Toolbox. I have removed some of the pages for obvious reasons. You are required to show all your work and cite all your sources or provide screenshots in the appendix section of your PowerPoint presentation.

Additional InfoAccording to the TICKETRUSH management team, they need to raise $800,000 in outside investment.

NoteThere is a PowerPoint slide called "Group Assignment 3 Reference Slide" in the Toolbox that will be referenced below.

The Berkus Method

1. Using the "scoring table" on slide 2 of the "Group Assignment 3 Reference Slide," assess TICKETRUSH on each factor. Please give me a short rationale for each of the 10 factors. (Put these in the notes section of the slide.)

2. What is TICKETRUSH's valuation based on this method?

3. Based on the money TICKETRUSH is trying to raise, what would the investor ownership be based on your valuation? (Make sure you present the pre-money, investment amount, post-money, and equity share the investor is getting.)

VALUATION

2

Scorecard Method

1. Complile the TICKETRUSH company profile (slide in the valuation slide deck). This should be presented.

2. Find ONEcomparable company, cite your source, AND provide a screenshot and put in the appendix of your slides. Make sure to present the rationale on why your group thinks the company qualifies as a comparable. Give me the pre-money valuation of the comparable company with a screen shot. Failure to provide screen shots will result in loss of points.

3. Use the summary scorecard on slide 3 of the "Group Assignment 3 Reference Slide." Please provide a short rationale on why you rated TICKETRUSH the way you did against the comparable company.

4. What is the adjusted valuation for TICKETRUSH?

5. Based on the money TICKETRUSH is trying to raise, what would the investor ownership be based on your valuation? (Make sure you present the pre-money, investment amount, post-money, and equity share the investor is getting.)

The VC Method

1. To use this method let's assume that the investor's ROI is 25x in year 5.

2. You will choose ONEcomparable company. Make sure to present the rationale on why your group thinks the company qualifies as a comparable.

3. You are only allowedto use method 1 (PE and ROS) to determine exit value. Note: You cannot adjust the P/E ratio in any way.

4. Show where you got the numbers for the EXIT calculation.

5. What is the exit value?

6. What is the post-money valuation?

7. What is the pre-money valuation?

8. What is the investor ownership?

Summary Slide

1. Provide a slide with a table showing the valuation for each method.

2. Present your group's answer to the question: Which valuation method yields the most believable value? Why? Please write the answer in the notes section of the slide.

VALUATION

3