Beruflich Dokumente
Kultur Dokumente
F E B R UA RY 2016
Corporate Finance
It might feel positively retro to apply discounted-cash-flow valuation to hot start-ups and the like. But its still
the most reliable method.
Exhibit
Online media
Traditional media
140
Businesses captured on
Yelp site: 2 million
120
100
80
Yelp accounts:
84,000
60
40
20
0
Source: BIA/Kelsey; Yelp 10-K, 2014; Yelp investor deck, Mar 2014
2013
2015E
2017E