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A pre-money valuation is a term widely used in private equity or venture capital industries, referring to the valuation of a company or asset prior to an investment or financing.〔http://www.investopedia.com/ask/answers/114.asp#ixzz1WQq46zn0〕 If an investment adds cash to a company, the company will have different valuations before and after the investment. The pre-money valuation refers to the company's valuation before the investment. External investors, such as venture capitalists and angel investors will use a pre-money valuation to determine how much equity to ask for in return for their cash injection to an entrepreneur and his or her startup company.〔http://www.avc.com/a_vc/2011/08/pricing-a-follow-on-venture-investment.html〕 This is calculated on a fully diluted basis. Usually, a company receives many rounds of financing (conventionally named Round A, Round B, Round C, etc.) rather than a big lump sum in order to decrease the risk for investors and to motivate entrepreneurs. Pre- and post-money valuation concepts apply to each round. ==Basic formulae== There are many different methods for valuing a business, but basic formulae include: : : 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Pre-money valuation」の詳細全文を読む スポンサード リンク
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