How can investors accurately determine the financial worth of emerging technology-based ventures that lack a historical revenue stream? Albert N. Link and David B. Audretsch, both distinguished scholars in the economics of innovation and entrepreneurship, address the limitations of traditional valuation models. They propose a methodology rooted in economic theory rather than historical performance data, providing a framework specifically designed for high-risk, high-reward startups in the technology sector.

Experts recognize this work as a specialized contribution to the field of entrepreneurial finance, particularly for those seeking alternatives to standard accounting-based valuation. Readers frequently note the technical nature of the prose, which assumes a foundational understanding of economic principles.