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Wouldn't a fixed valuation measure, say a P/E ratio, be a better guide?
This round is a convertible note, and Infinity Levels turned down a term sheet from Singapore, Assavathorn claimed, because the prospective investor wanted to tie the young startup down to a fixed valuation.
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"Any fixed valuation is arbitrary," responded Mr. Tillinghast, adding that a price-to-earnings criterion would be "just a proxy for neglect".
It reaffirmed that federation would benefit of the people of the Potteries, that a differential rating system for a fixed period was required, that asset valuation in each town should be abandoned, and that the committee reserved the right to decide a course of action should the parties not be able to reach agreement.
When vendors have uncertainty about buyers' valuations specified by a known distribution, we show that a vendor is always better off posting a fixed price, provided that buyer types (valuations) are i.i.d. and that other vendors also use fixed prices.
"Previously when we ran the program there was a fixed amount of capital for a fixed amount of equity… now we can invest up to $100,000 for a variable amount of equity as long as valuation doesn't exceed $5 million".
Lastly, we could not establish any ordering effects of the valuation methods while we used a fixed order in the tasks: first the supposedly simple DCE, then the VAS, and then the most difficult TTO.
Fix your eyes on a fixed point.
The yield curve forms the basis for the valuation of all fixed income instruments, because the price of a fixed income security can be calculated as the net present value of the stream of cash flows, and each cash flow has to be discounted using the zero coupon interest rate for the associated term to maturity.
Punishment requires a fixed term.
They are no longer a fixed formula.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com