INVESTMENT RISKS IN STARTUP FINANCING AND METHODS FOR THEIR ASSESSMENT

INVESTMENT RISKS IN STARTUP FINANCING AND METHODS FOR THEIR ASSESSMENT

Authors

  • Bektemirov Abdukhamid Abdumalikovich

DOI:

https://doi.org/10.5281/zenodo.19543626

Keywords:

startup, investment risk, venture capital, startup valuation, due diligence, venture capital method, First Chicago method, real options, financing, innovative enterprise, uncertainty.

Abstract

This article systematically examines the economic substance of investment risks inherent in the startup financing
process, their primary typologies, valuation methodologies, and management mechanisms. The study aims to analyze
the uncertainties specific to startup investments, synthesize risk assessment approaches employed in venture capital
practice, and propose an adaptive valuation model for startups. By integrating traditional and contemporary frameworks,
the research provides a comprehensive overview of how risk mitigation strategies influence the overall efficiency of
venture deals in high-uncertainty environments.

Author Biography

Bektemirov Abdukhamid Abdumalikovich

Samarkand State University named after Sharof Rashidov
Associate Professor, PhD

References

World Bank. Financing Innovative Startups and Small and Medium Enterprises // Project and program materials. -

Washington, DC: World Bank, 2023-2024.

Arnold N. et al. Stepping Up Venture Capital to Finance Innovation in Europe // IMF Working Paper. - 2024.

International Private Equity and Venture Capital Valuation Board. IPEV Valuation Guidelines. - 2022.

Silva W.A.M. da et al. Startup valuation by venture capital investors // Revista Brasileira de Gestão de Negócios. -

Eckerle C. et al. Designing impact due diligence for startups // Journal of Responsible Technology / Entrepreneurshiprelated

publication. - 2024.

Reinfeld P. Solving the valuation puzzle of new business ventures. - 2018.

Vicén Sampériz C. Startup Valuation. - 2020.

Damodaran A. Real Option Valuation // NYU Stern teaching materials. - 2009 ed. used as conceptual source.

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Published

2025-10-01

How to Cite

Bektemirov , A. (2025). INVESTMENT RISKS IN STARTUP FINANCING AND METHODS FOR THEIR ASSESSMENT. Innovation Science and Technology, 1(10). https://doi.org/10.5281/zenodo.19543626
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