Robert T. Barnett, CFA, FRM, is a senior vice president with Valuation Research Corporation. He specializes in valuations for private equity, venture capital, hedge fund and corporate clients with a focus on complex capital structures and financial instruments.
As startups stay private for longer periods of time under the support of multiple equity financings spanning several years, their common stock valuation history is likely to come under greater scrutiny in the event a public offering is pursued.