David B. Audretsch is Distinguished Professor, Ameritech Chair of Economic Development, and Director of the Institute for Development Strategies at Indiana University.Albert N. Link is Professor of Economics at the University of North Carolina at Greensboro and Editor-in-Chief of the Journal of Technology Transfer.

• About the Authors ; Introduction ; Innovative Activity: Alternative Economics Frameworks and Policy Approaches ; Valuation Methods: Tools of the Trade ; Traditionally Used Valuation Methods ; Applications of Traditionally Used Valuation Models ; Alternative Approaches to the Valuations of Video, Inc. ; Toward a Method for Valuing an Entrepreneurial Enterprise ; Valuation of Metal Brothers, Inc. ; Concluding Statement ; References ; Index

Entrepreneurship has become a crowded space today with scores of new books published each year. Many of these are just run-of-the-mill projects repeating what we already know. When a new book comes along that offers a fresh insight into a still under-researched area it is worth getting excited about. Valuing an Entrepreneurial Enterprise by Audretsch and Link, two of the leading scholars in the field, is just such a book. The book is about valuating a high technology firm (what is it worth) and they suggest that we should focus on complementary technologies not substitute products. In other words, the authors suggest that the existing yardsticks are not a good measure and may be misleading at best. They offer a new and novel approach for valuating an entrepreneurial venture.

David B. Audretsch is Distinguished Professor, Ameritech Chair of Economic Development, and Director of the Institute for Development Strategies at Indiana University.Albert N. Link is Professor of Economics at the University of North Carolina at Greensboro and Editor-in-Chief of the Journal of Technology Transfer.

• About the Authors ; Introduction ; Innovative Activity: Alternative Economics Frameworks and Policy Approaches ; Valuation Methods: Tools of the Trade ; Traditionally Used Valuation Methods ; Applications of Traditionally Used Valuation Models ; Alternative Approaches to the Valuations of Video, Inc. ; Toward a Method for Valuing an Entrepreneurial Enterprise ; Valuation of Metal Brothers, Inc. ; Concluding Statement ; References ; Index

Entrepreneurship has become a crowded space today with scores of new books published each year. Many of these are just run-of-the-mill projects repeating what we already know. When a new book comes along that offers a fresh insight into a still under-researched area it is worth getting excited about. Valuing an Entrepreneurial Enterprise by Audretsch and Link, two of the leading scholars in the field, is just such a book. The book is about valuating a high technology firm (what is it worth) and they suggest that we should focus on complementary technologies not substitute products. In other words, the authors suggest that the existing yardsticks are not a good measure and may be misleading at best. They offer a new and novel approach for valuating an entrepreneurial venture.

David B. Audretsch is Distinguished Professor, Ameritech Chair of Economic Development, and Director of the Institute for Development Strategies at Indiana University.Albert N. Link is Professor of Economics at the University of North Carolina at Greensboro and Editor-in-Chief of the Journal of Technology Transfer.

• About the Authors ; Introduction ; Innovative Activity: Alternative Economics Frameworks and Policy Approaches ; Valuation Methods: Tools of the Trade ; Traditionally Used Valuation Methods ; Applications of Traditionally Used Valuation Models ; Alternative Approaches to the Valuations of Video, Inc. ; Toward a Method for Valuing an Entrepreneurial Enterprise ; Valuation of Metal Brothers, Inc. ; Concluding Statement ; References ; Index

Entrepreneurship has become a crowded space today with scores of new books published each year. Many of these are just run-of-the-mill projects repeating what we already know. When a new book comes along that offers a fresh insight into a still under-researched area it is worth getting excited about. Valuing an Entrepreneurial Enterprise by Audretsch and Link, two of the leading scholars in the field, is just such a book. The book is about valuating a high technology firm (what is it worth) and they suggest that we should focus on complementary technologies not substitute products. In other words, the authors suggest that the existing yardsticks are not a good measure and may be misleading at best. They offer a new and novel approach for valuating an entrepreneurial venture.