Blog: Posts of Tsachi (Zach) Hageg, CPA

Tsachi (Zach) Hageg, CPA Co-Founder, Product Manager & CFO

Before founding AlgoValue, Tsachi was a manager at PricewaterhouseCoopers in the Valuation Department for more than 5 Years and has vast experience in leading engagements of economic, financial and strategic analysis, along with consulting on transactions. Tsachi holds a B.A degree in Accounting and Economics from Hebrew University in Jerusalem.

Tsachi's recent posts

Exit Scenarios: Understanding Preference Rights

Understanding the legal economic rights on terms sheets for preferred shares – and how they affect founders and other shareholders – is critical for any new financing round or exit strategy. It is commonly perceived that startups will either completely fail, or enjoy a huge exit. When researching actual startup exits, however, (M&A, IPO or … Continue reading Exit Scenarios: Understanding Preference Rights

Test Case: Warrants on Preferred Shares vs. Options on Common Shares

Many startups at the stage of raising capital from large investors issue preferred shares with warrants on the same share class. Recent market data shows that in the last few years, a large majority of preferred shares are non-participating preferred (CAP X1). With this type of share class and the company value reflecting conversion to … Continue reading Test Case: Warrants on Preferred Shares vs. Options on Common Shares

Choosing the Right Peers When Valuating Based On Comparable Company Multiples

When performing valuations based on multiples of publicly traded companies, choosing comparable peers is an often overlooked but important task.    When the valuated company is from the technology industry, the task becomes especially tricky. Technology companies operate in a complex business environment, with many layers of operation and innovation within. This means that the … Continue reading Choosing the Right Peers When Valuating Based On Comparable Company Multiples

AlgoValue: Providing Valuable 409A Audit Support

Audit Support As you all know, Audit Support is a critical part of any formal valuation workflow. At a minimum, Audit Support  advises audit teams of a firm’s clients, regarding accounting issues that are often based on financial valuations. Financial valuations are typically performed by an independent third party expert, such as a business valuation … Continue reading AlgoValue: Providing Valuable 409A Audit Support