Compared to more traditional firm structures, legal, regulatory, and financial matters play a much larger role in the determination of value of equity securities for venture-backed companies. In Preferred Stock: Valuing Multiple Layers of Equity Securities in Venture-Backed Companies, expert Joel Johnson dissects the determinants to equity value in venture-backed companies to show how to properly assess the value of both preferred and common shares. His presentation addresses equity values and their valuations, including a discussion of which valuation techniques are most appropriate for this unique setting.