Will Gornall
Associate Professor of Finance
CV
Papers
Code and Data
Teaching Slides
Sauder School of Business
University of British Columbia
2053 Main Mall, Vancouver
BC  V6T 1Z2, Canada
(604) 827-4372
will.gornall@sauder.ubc.ca
Peer-Reviewed Publications
Squaring Venture Capital Valuations with Reality
with
Ilya A. Strebulaev,
Journal of Financial Economics 2020, 135(1), 120–143; Doriot Award
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We model venture capital-backed company exits and show post--money valuations exceed fair values by 48%
Teaching slides about post-money valuation and value
Code
Tool to value employee stock options
Mentioned in Barrons 1, 2, BC Business, BIV, BJ, Bloomberg, Bloomberg, TV, Business Insider 1, 2, CNBC, Economist 1, 2, El Economista, Entreprenuer 1, 2, Financial Post, Forbes, Fortune 1, 2, G&M, Inc., Institutional Investor, JDSupra, 36kr 1, 2, Les Echos, MSN, NBER, NY Mag, NYT, Pitchbook 1, 2, 3, Reuters, Stanford, Tech Crunch, TechVibes, The Real Deal, Wired, WSJ 1, 2, 3
Working Papers
Non-Peer-Reviewed Publications
The Contracting and Valuation of Venture Capital-Backed Companies
with
Ilya A. Strebulaev,
In: Eckbo, B.E., Phillips, G.M. , Sorensen, M. (eds) Handbook of the Economics of Corporate Finance. Amsterdam: North-Holland, an imprint of Elsevier, 2023. 1, 3-76
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We outline key considerations for startup financing in a handbook chapter that may be a useful reference for faculty, students, and practitioners
Code and Data
Teaching Material