Business Valuation Resources, LLC

An IP Cost of Capital Estimation Model

Date: Thursday, August 20, 2009
10:00am-11:40am PT / 1:00pm-2:40pm ET

Earn 2 CPE credits
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Register for:

Teleconference $249.00
On Demand Pack* $249.00
Teleconference and On Demand Pack* $339.00
Teleconference and BVR's Guide to Valuing Intellectual Property $478.00

*Please note: CPE credit is not available through On Demand Packs

Featuring (click image for more information):

Mike Pellegrino
Pellegrino & Associates LLC
Neil Beaton
Grant Thornton LLP
Robert Schlegel
Houlihan Valuation Advisors

Why You Should Attend

Hear Mike Pellegrino
describe the program:

(Click to Play - Runtime 3'20")

Existing cost of capital estimation models fail to capture the unique attributes of intellectual property (IP).  And, according to Mike Pellegrino, that inability to assess risks and success rates leads to indefensible – and sometimes erroneous – valuation determinations.  Whereas many IP cost of capital estimations are adjusted using little more than the appraiser’s experience, Pellegrino has developed a model that captures the unique attributes of IP using objective empirical evidence.

On August 20 that model will be presented “An IP Cost of Capital Estimation Model,” a 100-minute teleconference hosted by BVR.  Joining Pellegrino will be valuation expert Neil Beaton and IP expert Rob Schlegel who will put this model under close scrutiny as he tests its validity and applicability.  For anyone challenged with assessing discounts rates for IP valuations, this presentation is a must.


  • An overview of existing cost of capital estimation models
    • Overall strengths of those models
    • Shortcomings when applied to intellectual property (IP)
  • An IP cost of capital estimation model
    • Ability to capture IP-specific factors:
      • Target rate of return
      • Success rate of getting IP to the market
      • Holding period for IP investment
      • Associated expenses for managing the investment
    • Empirical foundations and underpinnings
    • Model extensions
    • Examples and demonstrations of the model’s uses
  • IP review of the model from Rick Bero, IP expert
  • Cost of capital review of the model from Neil Beaton, cost of capital expert
  • Q&A

Learning Objectives

  • Learn which characteristics of intellectual property (IP) are inadequately captured in existing cost of capital (COC) models
  • Understand how the IP COC estimation model captures those characteristics and what this means for valuations using this data
  • See how empirical evidence supports the findings of the IP COC estimation model
  • Learn how the IP COC estimation model can be extended to other uses

BVR's Teleconference Usage Policy

Purchase of admission to any of BVR's teleconferences grants ONE phone connection and ONE computer connection per physical location per registration. Additional unregistered phone or computer connections are a violation of BVR's Teleconference Usage Policy, and BVR reserves the right to withhold CPE credits from both registered and unregistered users in violation of this policy.

Group Discounts Available

For group discounts on Teleconferences contact Linda Mendenhall at or (503) 291-7963 ext. 125.

CPE Credits for Unlimited Listeners

Have as many eyes and ears take advantage of your registered connections as possible:CPE credit is available for an unlimited number of listeners to any registered line.

To add listeners for CPE credit, contact customer service ( or (503) 291-7963) with main registrant's name, the names of the persons to receive credit, and their email addresses. We welcome as many eyes and ears to take advantage of those connections as possible.

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group-Live
Recommended CPE: 2 Credit Hours (Consulting Services)

Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.
NASBA Sponsor

On Demand Packs: Conference Recordings & Transcripts

BVR's On Demand Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

Each On Demand Packs includes:

  • Recordings and transcripts of the presentation
  • All presentation visual aides and handouts
  • All ancillary reading materials suggested by our presenters

For a complete list of available On Demand Packs from past teleconferences, click here.

Co-Presented By:


BVR's Satisfaction Guarantee:
Business Valuation Resources offers a complaint resolution and refund policy with a 100% money-back guarantee. If you are not completely satisfied with your conference experience, or have any concerns or complaints, you may contact Business Valuation Resources at (503) 291-7963 ext. 102 for a satisfactory resolution of your concern or you may submit a written request for a full refund of this program to Stephanie Crader at: or mail to BVR, LLC, 1000 SW Broadway, Suite 1200, Portland, OR 97205.