@article{heydebreck2011f2c,
  title = {F2C — An Innovative Approach to Use Fuzzy Cognitive Maps (FCM) for the Valuation of High-Technology Ventures},
  author = {Peter Heydebreck and Magnus Klofsten and Lars Krüger},
  year = 2011,
  url = {https://ibimapublishing.com/articles/CIBIMA/2011/483882/},
  journal = {Communications of the IBIMA},
  volume = 2011 (2011),
  pages = 14,
  doi = 10.5171/2011.483882,
  abstract = {We propose a novel method - F2C - that can process the only information available in the early stages of a young high-technology venture: linguistic expert knowledge. This knowledge is the basis for the determination of an appropriate discount rate for the valuation of high-technology ventures in early stages of venture capital investments. A specific tool named Fuzzy Cognitive Map (FCM) is used therein to capture and depict the expert knowledge. Consequently, the FCM is transformed into a system of Fuzzy Inference Systems. These systems allow eventually obtaining a crisp value for the crucial parameter, the discount rate r . First practical applications were carried out valuing a biotechnology venture. The obtained results are promising, though the need for further research efforts became obvious.},
  keywords = {Fuzzy Cognitive Map, Venture Valuation, Fuzzy Systems},
  note = Article ID: 483882
}