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Delayed valuations are "creating lots of problems" across the state, said Thomas Frey, executive secretary of the New York State Assessors Association.
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This research was designed to determine if, and to what extent, participants incorporate uncertainty into their valuations for delayed rewards when completing measures of delay discounting, even though uncertainty is not specified in the delay-discounting questions.
When the capital markets clamped down in early 2000, and VCs started getting cold feet as they saw signs of delayed exits and lower valuations, the flimsiest of the dot-coms with no revenue and crazy burn rates started going under.
Higher valuations and delayed sell-offs could result in company founders seeing bigger financial gains when they go public.
He expects that we're going to see more mega funding and delayed IPOs because these high valuation companies "can raise money in the private market, so they don't need to access the public markets".
First, a decision was made to delay the actuarial valuation of the program, which normally takes place on Jan . 1
But in announcing the plan on a day when the British stock market fell sharply, the defense minister, Geoff Hoon, indicated that the timing would depend on the likely valuation of an offering and could be delayed.
He's not too worried about this potentially driving up valuations or delaying IPOs because he takes a long-term view.
Just last week, the much-lauded Square reportedly delayed an expected IPO indefinitely after finding that its revenue run-rate was not matching up with its valuation.
The BBC has delayed a rise in pension contributions to 7.5% by six months, and deferred a decision on whether to raise the retirement age from 60 to 65, until next year's pension valuation is done.
Valuations cannot rise in perpetuity.
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