Case study 2: Dividing up equity

By zceie01, on 1 June 2014

Assessing funding needs and the value of equity in entrepreneurial cell therapy projects

Assessing funding needs for early-stage cell therapy companies and the equity distribution among new investors and existing owners in these companies, constitute a critical challenge for stakeholders involved in creating successful companies around individual cell therapy projects. The BRITS tool provides stakeholders guidance in dealing with these challenges. Specifically:

– The cash flow statement produced by the tool helps stakeholders in assessing the funding needs associated with various development stages.

– The NPV calculation can be used to support negotiations surrounding the distribution of equity among investors and novel investors in cell therapy companies.

We use the case study of company X, which is seeking funding to develop a new allogeneic cell therapy in the oncology market space as a case study. The company completed preclinical studies and has regulatory approval to proceed with a phase I/IIa study to assess the therapy’s safety and to collect preliminary data on the therapy’s efficacy. In addition, managers use the following assumptions about the therapy they are developing and the commercialisation trajectory they will follow:

The product and its market	A treatment consists of a single dosage containing 10^8 cells The company hopes to charge an average price of $60k for the treatment. Other variable costs, primarily logistics costs associated with delivering the product to the patient are $200,-/treatment. The company plans to manufacture the therapy in-house. The market the treatment will reach is a market of 10,000 patients per year; During the first year after launch the company will reach 25% of this market and it will take four years to reach the company’s total target market.
Clinical trials costs	The clinical costs of running a phase 1/2a trial with 10 patients are $100k per patient, with manufacturing costs at $50k per treatment. The clinical costs of running a phase 2b trial with 50 patients are $150k per patient, with manufacturing costs at $50k per treatment. The clinical costs of running a phase 3 trial with 100 patients are $150k per patient, with manufacturing costs at $40k per treatment.
Manufacturing set-up costs	All manufacturing is done using PLANAR technology. Moreover, the firm incurs process development costs of $250k, technology transfer costs of $100k, and PPQ batches costs of $100k, at each of the commercialisation stages.
Staff costs	To supervise the commercialisation of the cell therapy, the company employs three executive-level managers, three senior and three junior researchers throughout the commercialisation process, and four other staff members to provide administrative and technical support during each of the three clinical trials stages of development. Post-commercialisation, the company will need to hire an additional 16 technical/administrative staff members. Finally, to support marketing efforts, three marketing professionals will be hired during phase 3 trials, and this total will increase to eight marketing professionals post-commercialisation.
Fixed costs	Estate costs are $100k/year during clinical trials phases 1/2a and clinical trials phase 2b. These costs increase to $150k/year during clinical trials phase 3 studies, and $250k/year post-commercialisation. Marketing and sales costs kick in once the company enters clinical trials phase three studies at $350k/year. Fixed costs for a logistics infrastructure kick in at $200k/year post-commercialisation.
Cost of capital	Investors in this type of company are assumed to achieve an annual rate of return on capital of 25%; Moreover, as the company is a UK company, the corporate tax rate is assumed to be 15%.

Using the inputs listed above, the tool produces the following cash flow statement that projects the financial in- and out- goings for the firm for the coming 15 years (see screenshot 1).

Assessing the firm’s development path and funding needs

Based on our data on allogeneic anti-cancer cell therapies entering phase 1/2a trials, we estimate that the duration of phase 1/2a trials will be 2 years, the duration of phase 2b trials will be 4 years, and the duration of phase 3 trials will be another 4 years (see costs boxed in red in Screenshot 2).

Row 20 consolidates all in- and out- goings and highlights yearly in- and out- goings in the form of Earnings Before Interest, After Tax (EBIAT). Adding up the projected outgoings during phase 1/2a trials, the tool projects a funding need of $3.0 Million + $2.6 Million = $5.6 Million (see costs boxed in red in Screenshot 3).

In addition, by adding up the discounted, risk-adjusted cash flow projections of row 28 in the spreadsheet, the tool provides a valuation for this cell therapy project of $8.5 Million (see amount boxed in blue in Screenshot 3).

Accordingly, a $5.6 Million investment to fund clinical trials 1/2a studies, would be worth a $5.6 Million/$8.5 Million = 67% ownership stake.

The tool allows stakeholders to play around with various assumptions underlying the firm’s business planning and assess the implications for these assumptions for the company’s funding needs, valuation, and equity distribution. One example would be for the firm from our example to arrange with managers and R&D workers that 50% of salaries will be paid in equity rather than cash during phase 1 clinical trials. This would significantly reduce the cash burn rate, and increase the valuation of the company. Screenshot 4 presents the cash flow statement and NPV for the same firm and assumptions as before, but reduces salary outgoings by 50% for managers and R&D workers during phase 1 clinical trials.

The revised funding need of the firm to finance clinical trials 1/2a is $2.5 Million + $2.0 Million = $4.5 Million, and the project valuation is $9.3 Million. Accordingly, the value of the $4.5 Million cash, investors would bring in is $4.5 Million/$9.3 Million = a 48% ownership stake.

In addition, the $562,500 of foregone yearly salary of managers and R&D workers for the two years that it will take to complete clinical trials 1 (calculated by subtracting from the amount in cell C10 of the baseline case cash flow statement, the amount in cell C10 of the cash flow statement in Screenshot 4), paid out in equity rather than in cash would be worth (2 x $562,500)/$9.3 Million = a 12% equity stake for these staff members.

Download the screenshots above:

Taking too long?

Reload document

Open in new tab

Download

Filed under Project Valuation & Planning Tool

148 Responses to “Case study 2: Dividing up equity”

1

family guy online hack download wrote on 6 August 2014:

When someone writes an article he/she maintains the image of a user in his/her brain that how a user can know it.
Therefore that’s why this paragraph is perfect. Thanks!
2

Jass waraich wrote on 20 April 2022:

thank you for explaining this in such a simple way!!
3

harivanshtours wrote on 19 July 2023:

I expect to read great content like this every time I visit.
tempo traveller rental in jaipur
4

galaxytoyota12 wrote on 3 October 2023:

Are you a proud owner of a Toyota Vehicle need of some TLC? Keeping your Toyota in tip-top shape is essential for both its longevity and your safety on the road. One crucial but often overlooked aspect is the windshield. A damaged or compromised windshield can be a serious safety hazard, compromising your vision and the structural integrity of your car. To ensure you’re driving with peace of mind, here are the top 5 signs that your Toyota car needs a windshield replacement service.
5

i need someone to write my assignment wrote on 4 October 2023:

Deciding how much cash is required and who gets a portion of the organization in the beginning phases of cell treatment new companies can be an extreme tough task. It’s a bit like handling complex financial matters If you ever find yourself stuck with an assignment on this topic, don’t hesitate to say, “I need someone to write my assignment.” Getting expert help can make things much easier on your academic journey.
6

Clair Banet wrote on 5 October 2023:

Once upon a time, in a world filled with exam worries, a hero named take my teas exam for me emerged. Accompanied by a team of scholarly knights, they set out on a mission to banish stress and bring about a renaissance of incredible grades. Join them on this journey, and craft your own success story.
7

marrontic wrote on 23 October 2023:

I really appreciate the developer’s investment in this game. Basketball Stars is both attractive with the stressful situation of pitching, as well as tactical and talented. This makes the game a great choice for basketball fans.
8

yati singhal wrote on 8 November 2023:

Dividing up equity is a crucial step in building a fair and successful venture. It’s fantastic to see collaboration and fairness at the heart of business! #EquityDistribution

twitch ad block
9

Galaxy wrote on 20 November 2023:

Step into the Toyota showroom, where innovation meets elegance. A sleek fusion of cutting-edge automotive technology and timeless design awaits, showcasing a diverse array of vehicles that redefine the driving experience. Immerse yourself in a world of quality craftsmanship and eco-friendly options, as Toyota continues to drive the future of mobility with style and sustainability. Welcome to a showroom where every visit is a journey into the future of driving.
10

Used Cara wrote on 20 November 2023:

Unlock the road to affordable excellence with our curated selection of pre-loved vehicles. Our Buy Used Cars collection offers a gateway to quality, reliability, and savings. Each car tells a story, and we’re here to connect you with the perfect chapter. Embrace the journey with confidence, as our meticulously inspected and certified used cars redefine your drive. Your dream ride awaits, experienced and ready for new adventures.
11

TSG Used Cars wrote on 20 November 2023:

Discover the epitome of precision at Exact Price, your trusted destination to Buy Used Cars in Delhi. Unveil a curated selection of quality vehicles, each priced with meticulous accuracy. Experience seamless transactions and transparent dealings, ensuring you find not just a car, but a perfect match for your needs. Drive into a world where precision meets reliability, only at Exact Price.
12

Galaxy wrote on 20 November 2023:

Unveiling the epitome of automotive sophistication, the Toyota Legender Price and Features stands as a testament to luxury and performance. Priced with precision, the Toyota Legender seamlessly blends innovation and elegance. Its exact price mirrors the value of cutting-edge technology, unparalleled comfort, and a design that exudes modernity. Elevate your driving experience with the Toyota Legender – where every penny spent is an investment in automotive excellence.
13

สมัครหวยไทย wrote on 23 November 2023:

I read and found this article very interesting and useful. สมัครหวยไทย
14

Galaxy Toyota wrote on 29 November 2023:

Visit our Toyota Showroom for a premier automotive experience. Explore a stunning array of cutting-edge models, from sleek sedans to robust SUVs. Our showroom showcases Toyota’s latest innovations, providing a firsthand glimpse into unparalleled craftsmanship and advanced technology. Discover your ideal ride in a dynamic and welcoming environment.
15

empty 12 wrote on 29 November 2023:

Unlock unbeatable deals and explore a curated selection when you Buy Used Cars . Elevate your driving experience with a range of options that suit your lifestyle. From reliable classics to modern marvels, find the perfect match that aligns with your preferences and budget. Your dream car awaits in the world of used cars.
16

Auto Car Repair wrote on 6 December 2023:

Experience top-notch auto car repair services all under one roof at our multi-brand car service center. Our dedicated team of skilled technicians and mechanics is committed to providing comprehensive solutions for all your automotive needs. From routine maintenance to complex repairs, we specialize in delivering reliable and efficient services for a wide range of car brands. With state-of-the-art facilities and the latest diagnostic equipment, we ensure precision and accuracy in every repair. At our multi-brand car service center, your vehicle is in expert hands, receiving the care it deserves. Trust us to keep your car running smoothly and efficiently, ensuring you enjoy a safe and comfortable driving experience.
17

Hans Hyundai wrote on 6 December 2023:

The Grand i10 Nios, available at Hans Hyundai, seamlessly blends style, performance, and cutting-edge technology to redefine the driving experience. As a proud offering from the esteemed Hyundai lineup, the Grand i10 Nios exemplifies a perfect synergy of modern design and advanced features. Its dynamic exterior captures attention with sleek lines and a bold front grille, while the spacious and intelligently designed interior ensures comfort and convenience on every journey. Hans Hyundai, synonymous with excellence, showcases the Grand i10 Nios as a testament to Hyundai’s commitment to delivering innovation and reliability. With Hans Hyundai, customers not only gain access to this remarkable vehicle but also experience a customer-centric approach that prioritizes satisfaction and an unparalleled automotive journey.
18

Subhash Shastri wrote on 8 December 2023:

You have lots of great content that is helpful to gain more knowledge. Best wishes.
Get My Boyfriend Girlfriend Back By Astrology
19

companysuggestion wrote on 8 December 2023:

Wonderful job. You have great blog here. keep it up.

Private Limited Company Registration
20

Dainik Astrology wrote on 8 December 2023:

Simply unadulterated brilliance from you here. I have never expected something not as much as this from you.
divorce problem solution
21

harivansh tours wrote on 8 December 2023:

Thanks for sharing this great information, I would appreciate if you share this type of information regularly.
Travel Agency in Jaipur
22

maharanacab wrote on 8 December 2023:

Wonderful job. I really enjoyed this blog of yours, Too cool to have like this. Hey pretty!! Thanks for posting, You have great blog here. keep it up.
Car Rental Service In Jaipur
23

novelwebcreation wrote on 8 December 2023:

Thanks for sharing.I found a lot of interesting information here.

best website development and designing company in Jaipur
24

novelwebsolution wrote on 8 December 2023:

I really appreciate your post. Thanks for sharing this with us.

Digital Marketing Company In Jaipur
25

prontopanels wrote on 8 December 2023:

Your article has proved your hard work and experience you have got in this field.

PUF Panel Cooling Roofing Sheet
26

Rahul Shastri wrote on 8 December 2023:

I read & found this article very interesting and useful.

Vashikaran Specialist Near Me
27

Bolamd Thomas wrote on 11 December 2023:

Estoy muy contento de haber encontrado este gran sitio. ¡¡Debo agradecerte por tu tiempo por esta maravillosa lectura Definitivamente me gustó cada detalle y también lo tengo guardado como favorito para ver nueva información en su sitio.
Chicas Escort Merlo
28

Elxan Məmmədov wrote on 28 December 2023:

Bank account management tools
Whether you have a private bank account or a corporate bank account for your business needs, it is essential to have convenient access to your funds and constant control over your account. However, sometimes you may be too busy to monitor your bank account, or you may be travelling, making your funds inaccessible when you need to make an urgent transfer… Fear not, for there are a number of different account management tools available that allow you to choose and create the most efficient and convenient account management model, no matter where you are.

The three most common types of tools used to access and manage your bank account are:

Online banking
Using a personal banker
Authorising someone to manage your bank account for you

https://www.confiduss.com/en/banks/account-management/
29

Lorenza Smith wrote on 5 January 2024:

I love the plush insole and responsive midsole of on cloud shoes,that making every stride feel like a breeze. Perfect for long-distance running!
30

Micheal Lanther wrote on 6 January 2024:

A studded bb belt can add a hint of rebellion to an otherwise classic look.
31

Mary Taylor wrote on 8 January 2024:

Great article! Your insights and explanations are both informative and engaging. I appreciate the depth of your knowledge on the topic.
ghost writers uk online is a valuable resource for college students facing the challenges of dissecting real-world scenarios and academic analysis. Case studies often require critical thinking, in-depth research, and the ability to draw insightful conclusions.
32

Miar34 wrote on 20 January 2024:

Identify potential challenges or undertale yellow conflicts that might arise from the chosen equity distribution.
33

Ctaherine N wrote on 25 January 2024:

I want to always read your blogs. I love them Are you also searching for nursing research paper help? we are the best solution for you. We are best known for delivering Nursing research paper writing services to students without having to break the bank
34

Nursing Writing Center wrote on 25 January 2024:

This is quite a .good blog. Keep sharing. I love them Are you also searching for Nursing Writing Center? we are the best solution for you. We are best known for delivering nursing writing services to students without having to break the bank.
35

dnp dissertation help online wrote on 25 January 2024:

Your blogs are fantastic. I love them Are you also searching for dnp dissertation help online ? we are the best solution for you.
36

tarun wrote on 5 February 2024:

I appreciate your meticulous research and the clarity with which you present complex ideas. Your writing not only informs but also captivates the reader’s attention. The real-world examples you provide make the content relatable and applicable.
DevOps Engineer Salary
37

alexsss22022 wrote on 14 February 2024:

I enjoyed reading this .Thanks for sharing and keeping writing. It is good to read blogs like this.
Solo Leveling Costume
38

jhon jimmy wrote on 14 February 2024:

Our hypnotic style trend is already making the up-to-date cities go wild with eager enthusiasm. And it is without question that the trendy involvement is from not just the quantity. But the gorgeous mingle of compact quality. Now you know your answer of what to pick among the industrious masses.
green shearling coat
39

Emma Harriet wrote on 23 February 2024:

Disfruté leyendo esto. Gracias por compartir y sigue escribiendo. Es bueno Jujuy escorts leer blogs como este.
40

Mike Rooney wrote on 27 February 2024:

Thanks for posting such a great blog or article. It contains wonderful and helpful information. Keep up the good work!
5lbs of Pressure Jimmy Brown Jacket
41

Tuskr App wrote on 11 March 2024:

Tuskr, a cutting-edge cloud-based test management software, revolutionizes testing processes within the SDLC with advanced features. Craft detailed test cases with ease, integrate seamlessly with chat and issue tracking systems, and enjoy robust security measures. Tuskr simplifies regression test runs and effortlessly generates comprehensive reports. Explore our free plan and flexible pricing options tailored for all team sizes. With Tuskr, experience streamlined test management throughout the SDLC. Enroll in your free trial today and witness the transformation of your testing processes with regression testing and other test management tools.
42

PPM Tools wrote on 12 March 2024:

In the realm of project management, finding a Smartsheet alternative that excels in features and usability is crucial. Enter Celoxis, a standout option renowned for surpassing Smartsheet’s capabilities. As a leading alternative, Celoxis offers a comprehensive suite of project management tools, seamlessly integrating task management, resource allocation, budget tracking, and reporting. Its intuitive interface and robust features make transitioning from Smartsheet effortless while providing enhanced functionalities for project oversight and collaboration. Celoxis emerges as the best Smartsheet alternative, empowering teams to streamline workflows, maximize efficiency, and achieve project success with unparalleled ease and effectiveness.
43

BSNS Consulting wrote on 13 March 2024:

Simplify your tax obligations with BSNS Consulting’s comprehensive Taxation Services. Our experienced tax professionals are well-versed in the intricacies of tax regulations, ensuring compliance while maximising your tax efficiency. Trust us to handle your tax planning, filing, and other tax-related matters, so you can focus on what matters most – growing your business.
44

Hardykohei wrote on 16 March 2024:

An impressive share! I’ve just forwarded this onto a friend who has been conducting a little homework on this.

And he in fact ordered me lunch because I stumbled upon it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanx for spending the time to discuss this issue here on your blog.

Kecantikan
45

Macleanflorian wrote on 16 March 2024:

I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly very often inside case you shield this increase.

https://www.pencerdd.com
46

Keatonkalya wrote on 16 March 2024:

Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your weblog? My website is in the exact same area of interest as yours and my visitors would certainly benefit from a lot of the information you present here. Please let me know if this alright with you. Thank you!

https://thegraal.net
47

Jeroenangela wrote on 18 March 2024:

Hey there I am so grateful I found your website, I really found you by mistake, while I was browsing on Digg for something else, Anyhow I am here now and would just like to say cheers for a marvelous post and a all round thrilling blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the great job.

https://www.punta-morro.com
48

TipTop Enrichtung wrote on 21 March 2024:

Transform your salon effortlessly with TipTop-Einrichtung’s comprehensive Friseursalon Einrichtung komplett. We specialise in offering hassle-free solutions to enhance your hairdressing space. Elevate your salon experience with our simple yet sophisticated complete furnishings.
49

cq9 สมัคร wrote on 26 March 2024:

The content is interesting and I will definitely come back. Good post dear. cq9 สมัคร
50

sexy ทางเข้า wrote on 27 March 2024:

I gotta favorite this web site it seems very helpful handy sexy ทางเข้า
51

nhà cái uy tín dev wrote on 28 March 2024:

I appreciate the time and effort you invested in crafting such a thought-provoking piece. nhà cái uy tín dev
52

Diara Dominy wrote on 1 April 2024:

You can definitely see your skills in the work you write. The sector hopes for even more passionate writers such as you who are not afraid to say how they believe. At all times go after your heart.

Leather Handicraft
53

Hardy Kohei wrote on 1 April 2024:

Hi there, just became aware of your blog through Google, and found that it is really informative.
I am gonna watch out for brussels. I will be grateful if you continue this in future. A lot of people will be benefited from your writing.
Cheers!

Business
54

ดาวน์โหลด ka slot wrote on 1 April 2024:

You are sharing a very informative and great post. ดาวน์โหลด ka slot
55

สมัคร แทง หวย บี wrote on 4 April 2024:

Your dedication to delivering high-quality content is evident in every word you write.
สมัคร แทง หวย บี
56

คาสิโน igoal wrote on 6 April 2024:

I enjoy your web’s topic. Really a great read. คาสิโน igoal
57

Addy Mudock wrote on 25 April 2024:

It is an information-orientated blog, thanks for sharing it. The custom patches gives interactivity and style to your jeans and jackets.
58

Matt Abraham wrote on 25 April 2024:

It is a well-written blog with the finest details. The embroidered patches are stunning yet appealing designs to grab people’s attention.
59

james1165 wrote on 29 April 2024:

Get expert Management assignment help for college and university students. Our professional writers provide comprehensive assistance with topics like strategic management, organizational behavior, project management, and more. Achieve academic success with personalized support tailored to your needs. Contact us for top-notch Management assignment solutions.
60

krogerfeedback wrote on 15 May 2024:

Very informative blog. Thanks for sharing this article.
61

chloe wrote on 16 May 2024:

Things should always be shared fairly. Asian Escorts London believe in this as well.
62

ايكيا الخليج wrote on 19 May 2024:

تتوفر تسريحات غرف النوم بتصاميم مختلفة تتضمن الأنماط الكلاسيكية والحديثة، والتي تتنوع في المواد المستخدمة مثل الخشب، والزجاج، والمعادن. يتم اختيار التصميم وفقًا لديكور الغرفة وذوق الفرد، مع مراعاة الوظائف العملية مثل وجود أدراج لتخزين المستلزمات الشخصية والمرايا لتسهيل عملية التجهيز.
تفصيل تسريحات غرف النوم بالرياض
63

bigbear wrote on 27 May 2024:

Friday Night Funkin‘ is not only an exciting music game but also a unique work of art, with attractive music and a unique visual style.
64

Gun Nut wrote on 31 May 2024:

Just got myself a new DD 9mm carabine from https://gritrsports.com/shooting/firearms/rifles/9mm-rifles/
65

Bekean Loinse wrote on 3 June 2024:

Ensure that the interests of existing owners and new investors are aligned by negotiating equity wordle distribution based on the project’s valuation and future potential.
66

priyanka wrote on 5 June 2024:

In fact, some of the independent Escort in Chattarpur Delhi have their own places to serve the clients, which are very safe and secured. The thing you need to take care of is safety.
67

ISMT Institute wrote on 5 June 2024:

Trading classes in varanasi provide a comprehensive learning experience from basics to advanced trading
68

Sumit wrote on 5 June 2024:

Tradingtick Call vs Put is a versatile and sophisticated investment strategy.
69

Dolly wrote on 5 June 2024:

Ismt Institute of stock market training participants gain confidence through practical exercises.
70

Law Assignment help wrote on 12 June 2024:

Thank, For me information about the Case Study 2 Worksheet. In this, you mention a detailed study of a specific subject, like a Place, event, organization, or phenomenon. You give me Trading profit and loss information. So, I am an Assignment helper in the UK and we have a team. We provide law assignment help for Students if you need any help visit this page.
71

haste wrote on 13 June 2024:

Providing free anime at https://9anime.mov in english subtitles
72

toms luck wrote on 17 June 2024:

It was not wise to read your post late. I am curious how things would have turned out if we had met sooner. While we continue our conversation, you may please visit my fireboy and watergirl website and leave to relax and entertain yourself.
73

David Millar wrote on 21 June 2024:

I enjoyed reading this. Cobra Kai Jacket Red
74

Ritesh Jain wrote on 8 July 2024:

Flutter developers hired from India are considered for providing top-notch quality work, transforming app concepts into existence, and their competitive pricing.
75

David Hude wrote on 9 July 2024:

As a finance student dealing with a hectic schedule, I turned to New Assignment Help for Assignment Writing Help UK. The assignment they provided was exceptional, with detailed research and accurate financial analysis that showcased a deep understanding of the subject. The writers were attentive to my needs and delivered the work well before the deadline. This service has been instrumental in helping me balance my studies and other responsibilities. For anyone needing reliable Finance Assignment Help for UK Students, this service is a perfect choice.
76

MAYANK wrote on 10 July 2024:

Stop Loss Order
77

Jack Walker wrote on 12 July 2024:

Strategically allocate company ownership to align incentives and drive growth.
When I needed help writing my MBA assignment, I bumped into Assignment Assistance Online, where I got the best answers for my MBA Assignment Writing Service UK and they added great value to me by helping me navigate complex subjects and sharpen my understanding. The support team was very helpful and the writer who was assigned to me showed a thorough understanding of business tactics. The assignment was delivered before the deadline, giving room for ample revision time as well as ensuring that feedback was incorporated into it. For trustworthy online assignment assistance at the MBA level, you won’t regret using this service situated in the UK. Their work is always up to standard and they always provide academic excellence.
78

Buy First Copy Shoes wrote on 12 July 2024:

I just wanted to express my gratitude for this amazing post. Your insights were incredibly valuable and well-articulated. The depth of information and the clarity with which you presented the topic made it a truly engaging read. Thank you for all the effort and dedication you put into creating such high-quality content. I’m looking forward to reading more from you!

Buy 1st Copy Shoes online
79

Hemoni granger wrote on 16 July 2024:

The assignment they provided was exceptional, with detailed research and accurate financial analysis that showcased a deep understanding of the subject. The writers were attentive to my needs and delivered the work well before the deadline. It’s amazing! Your article is very good and very useful to us! Thank you so much for taking the time to share with us! Have a good time with uno online free.
80

Aliza Taylor wrote on 18 July 2024:

The Free Essay Typer has become an indispensable tool for me. It simplifies the essay writing process, allowing me to focus more on research and content quality. The Online Essay Typer generates coherent essays that align well with my academic requirements. It’s impressive how quickly it can produce a draft, making it easier to meet tight deadlines. I appreciate the convenience it offers, making essay writing a much smoother experience.
81

Ella Johnson wrote on 18 July 2024:

You might have good knowledge of your subject but assignment writing can be tricky for you. Our buy my assignment writing service” in UAE take care of several aspects such as, referencing, timely delivery, formatting, and much more.
82

jude lyons wrote on 18 July 2024:

Assignment Help Pakistan encourages students to overcome the academic flow by providing with the best online assignment maker in Pakistan. With the help of our expert assignment makers online, we help them achieve excellence in their careers.
83

David Hude wrote on 19 July 2024:

Finding a reliable dissertation writing service was a challenge until I discovered New Assignment Help’s Online British Dissertation Help in UK. Their service was exceptional, providing me with expertly crafted content that was both original and insightful. The affordability of their Cheap Dissertation Help was a pleasant surprise, as I didn’t expect such high-quality work at such reasonable rates. The team was supportive and responsive, addressing all my concerns promptly. Thanks to their help, I was able to complete my dissertation with confidence and achieve a great grade. I highly recommend this service to any student in need of dissertation support.
84

Sonika Jain wrote on 22 July 2024:

Absolutely! Brand-culture fusion is essential for ensuring that brand promises are not just words but lived experiences for both employees and customers. This blog highlights the crucial connection between a strong company culture and delivering on brand commitments. Thanks for sharing this insightful perspective!
UI UX Design
85

Steve Smith wrote on 23 July 2024:

The tech world is buzzing with the “ddr4 vs ddr5” debate, showcasing innovation in various fields.
86

Righteous wrote on 24 July 2024:

Budget 2024 India go through this article by ISMT
87

ISMT wrote on 24 July 2024:

impact of inflationon stocks in 2024, examining from ISMT
88

Mayank wrote on 24 July 2024:

AI in Stock Tradingrevolutionizing how investors approach the market
89

ISMT Institute wrote on 8 August 2024:

New York Stock Market Index in 2024 has been a focal point for global investors. Stay updated with ISMT
90

Tempo Traveller in Jaipur wrote on 9 August 2024:

Wonderful job. I really enjoyed this blog of yours, it’s cool to have like this. Hey pretty!! Thanks for posting,
91

cabsules wrote on 9 August 2024:

Nice Post

https://cabsules.com/tempo-traveller-in-jaipur/
92

puja thakur wrote on 10 August 2024:

Increasing Instagram growth requires a strategic approach that focuses on understanding your audience. Start by identifying your target demographic to create tailored content that speaks to their interests. Consistency in posting high-quality images and videos helps maintain a cohesive brand presence. Utilize Instagram Stories for real-time engagement, offering insights into your brand and creating polls to provoke interaction. Incorporate relevant hashtags to boost discoverability and keep up with trends to attract new followers. Collaborate with influencers and brands to reach wider audiences, fostering cross-promotional opportunities. Engage actively with your audience by responding to comments and messages, building a loyal community. Finally, closely monitor your analytics to refine your strategy and identify what content drives the most growth and engagement.

https://www.buyyoutubesubscribers.in/buy-instagram-followers-india/
93

Jack Walker wrote on 16 August 2024:

The expert guidance I received for Programming Assignments in UK was exactly what I needed to enhance my coding skills. The Computer Science Assignment Help UK provided detailed, accurate solutions that reflected a deep understanding of both the practical and theoretical aspects of programming. This support has been crucial in helping me achieve better grades and a clearer understanding of the subject.
94

No1AssignmnetHelp.Co.UK wrote on 16 August 2024:

The university deadline for your assignment submission is about to be over?
Don’t panic!
No1AssoignmnetHeklp.Co.Uk is capable of completing your assignment before the submission deadline ends.
Contact for instant MBA ssignment Help at wallet friendly prices from native British academic writers, professors, tutors and experts.
No1AssignmentHelp.Co.Uk is globally recognized as the top assignment help firm, specializing in assisting university students. They provide services including essay writing, case studies, dissertations, theses, PPT preparation, lab reports, research, editing, and proofreading in fields such as management, nursing, engineering, law, computer science, and IT for bachelor’s, master’s, and Ph.D. levels.
95

fa wrote on 16 August 2024:

Google
Google
Google
Google
Google
96

No1AssignmnetHelp.Co.UK wrote on 17 August 2024:

Is your nursing assignment pending? If yes, connect with us immediately to do it within the university deadline. We provide a quick nursing assignment help at an affordable price so that you can easily complete it on time and submit to the respective university in order to score good marks and grades in university papers.
97

No1AssignmnetHelp.Co.UK wrote on 17 August 2024:

Are you struggling to write your university assignments? Don’t worry! We have come up with a quick solution (assignment help service )for all assignment-related issues. Get in touch with us for assignment help service at an affordable cost to do your assignments e.g. essays, case studies, dissertations, theses, research papers, lab reports, literature reviews, PPTs, CV/Resume, etc.
98

No1AssignmnetHelp.Co.UK wrote on 17 August 2024:

Are you depressed and overloaded with various academic tasks and a short period to complete your essay? We have something for you! Just place an essay help order online and get rid of the entire educational burdens. Visit our official website to know more. We provide essay-writing services for university and college students at cost-effective prices.
99

Lily Brown wrote on 22 August 2024:

Completing Law Assignments In UK, it was a smooth process, thanks to the expert assistance I received. The detailed research and clear explanations provided, especially with Corporate Law Assignment Help UK, made a significant difference in my studies. The assignments were well-structured, making it easier to grasp complex legal principles and apply them effectively.
100

cMaryzs wrote on 24 August 2024:

Enter Red Boost, a supplement designed to enhance your male vitality and performance naturallyfSw
101

dNancymf wrote on 24 August 2024:

Tetra Bliss CBD Gummies Customer ReviewsaUa
102

zSusanhf wrote on 25 August 2024:

where and how to buy erectile dysfunction pills safely onlinepAu
103

Mayank wrote on 25 August 2024:

Indian Oil Share Rate article by ISMT
104

Righteous wrote on 25 August 2024:

SMC (Smart Money Concept) article by ISMT
105

ISMT wrote on 25 August 2024:

Best Stock Market Course In India provide a comprehensive learning basics to advanced trading.
106

ISMT Institute wrote on 25 August 2024:

Share Price of Reliance Power Limited go through this article by ISMT
107

Ashi wrote on 25 August 2024:

New York Stock Market Index in 2024 has been a focal point for global investors. Stay updated with ISMT
108

Sumit wrote on 25 August 2024:

SMC (Smart Money Concept) article by ISMT
109

nPatriciasx wrote on 27 August 2024:

David Walscki – Online expertcUu
110

Crecentech Systems wrote on 27 August 2024:

Crecentech’s ORM Services protect and enhance your online reputation, ensuring your business maintains a credible and positive digital presence.
111

Lily Brown wrote on 29 August 2024:

When it came to completing my MATLAB Assignments in UK, I was looking for experts who could offer accurate and timely solutions. The assistance I received was thorough and met my academic requirements perfectly. Moreover, their ability to provide SPSS Assignments Help in UK proved invaluable. The seamless support across these subjects gave me confidence in submitting high-quality work.
112

Best NGO in Haridwar wrote on 30 August 2024:

“Haridwar is home to many remarkable organizations dedicated to uplifting local communities, but if you’re looking for the Best NGO in Haridwar, it’s essential to consider those making the most significant impact in areas like education, healthcare, and environmental conservation. Supporting these initiatives not only strengthens local communities but also fosters sustainable development. You can check out some top NGOs that are leading the charge in this area!”
113

iBarbaramp wrote on 2 September 2024:

Bem-vindo ao KTO Apostas, o destino número um para todos os entusiastaslSm
114

wKarenjo wrote on 2 September 2024:

Sportingbet offers a user-friendly mobile application compatible with both iOS and Android devicesfUm
115

sDonnazd wrote on 3 September 2024:

Erleben Sie bei Frumzi die spannendsten Online-Spiele mit detaillierten Bewertungen und exklusiven BonizEj
116

Stephen Clark wrote on 4 September 2024:

Your blog consistently offers valuable content. This post was particularly engaging and relevant.

Isabela Merced Brown Jacket
117

Mayank wrote on 7 September 2024:

Stock Market Timings India in 2024 article from ISMT
118

Mayank wrote on 7 September 2024:

Tips for Intraday Trading in 2024 article from ISMT
119

Mayank wrote on 7 September 2024:

10 Tips On the Stock Market : Basic for Beginners article from ISMT
120

Ashi wrote on 7 September 2024:

Best Stock Market Course In India provide a comprehensive learning basics to advanced trading.
121

luciferdonghua wrote on 7 September 2024:

This site is really remarkable, with its well-structured and insightful content. luciferdonghua.one
I admire the effort in making it both engaging and easy to navigate!
122

itmall.sale wrote on 9 September 2024:

The N9K-C9364D-GX2A is part of Cisco’s Nexus 9000 series, designed for data centers and high-performance networking. It is a 64-port 100/400Gbps Ethernet switch that can be an integral component for building AI networks that require high throughput, low latency, and scalability.
To build an AI network using the N9K-C9364D-GX2A, follow these steps:
1. Understand the Requirements for AI Workloads
AI workloads typically require:

• High throughput for large data sets.
• Low-latency communication for quick feedback and faster training.
• Scalability to handle large clusters of GPUs or TPUs.

The N9K-C9364D-GX2A is designed for these types of high-demand environments.
2. Hardware Setup
• GPU Clusters: Connect your GPU or TPU clusters (e.g., NVIDIA DGX systems) to the N9K-C9364D-GX2A via 100/400Gbps Ethernet interfaces.
• Storage Systems: Link high-performance storage systems like NVMe-based storage arrays that can handle large AI data sets.
• Server Connections: Ensure all servers running AI frameworks (TensorFlow, PyTorch, etc.) are connected to the switch.
3. Designing the Network Topology

• Spine-Leaf Architecture: The N9K-C9364D-GX2A is typically deployed in a spine-leaf architecture to reduce latency and increase throughput. The switch can be used in the spine layer to connect to multiple leaf switches that manage the connections to servers and storage systems.
• Leaf Layer: Connect lower-end switches to servers, GPUs, and storage.
• Spine Layer: Use the N9K-C9364D-GX2A as the backbone to connect multiple leaf switches.
This setup ensures non-blocking, high-speed paths for all nodes in the network.
4. Enable RDMA (Remote Direct Memory Access)
AI workloads benefit from RDMA (Remote Direct Memory Access) over Converged Ethernet (RoCE) for fast data movement with low CPU overhead and low latency. The N9K-C9364D-GX2A supports RoCEv2, which can be enabled to accelerate AI model training and inference.
5. Set up VXLAN/EVPN for Scalability
For large-scale AI deployments, use VXLAN/EVPN to extend Layer 2 networks across multiple locations or across a data center.
• VXLAN (Virtual Extensible LAN): This allows for scalable networks by providing overlay networks that span physical boundaries.
• EVPN (Ethernet VPN): Use it for better control of multi-tenancy and traffic isolation.
6. QoS Configuration for AI Traffic
Ensure that your network is optimized for high-priority AI traffic by implementing Quality of Service (QoS). The N9K-C9364D-GX2A allows you to set different QoS policies to prioritize critical AI workloads over less time-sensitive traffic.
7. Security Considerations
• Use Cisco ACI (Application Centric Infrastructure) to implement security policies, microsegmentation, and automation.
• Ensure network isolation and access control for sensitive AI data and workloads.
8. Monitoring and Automation
• Use Cisco Nexus Dashboard and Cisco Tetration for network monitoring, telemetry, and automation. These tools help optimize AI workload performance and manage network resources effectively.
9. Software and AI Frameworks
The network should support the underlying AI software infrastructure, which might include:
• Distributed AI frameworks: TensorFlow, PyTorch, or Horovod.
• Orchestration systems: Kubernetes or SLURM for managing AI tasks.
• AI-optimized storage: Parallel file systems like Lustre or distributed storage like Ceph.

Example AI Network Design Using N9K-C9364D-GX2A:
1. Leaf Layer:
• Connect servers with high-performance GPUs (NVIDIA A100 or DGX systems) via 100/400Gbps connections.
• Link to high-speed NVMe storage clusters.
2. Spine Layer:
• The N9K-C9364D-GX2A in the spine role connects multiple leaf switches.
• Create high-bandwidth, low-latency links between GPU nodes for distributed AI model training.
3. Cloud Integration:
• The N9K-C9364D-GX2A can integrate with cloud environments for hybrid AI workflows by connecting to cloud service providers using high-speed interconnects.
details about N9K-C9364D-GX2A https://itmall.sale/product/n9k-c9364d-gx2a/
123

AssignmentHelp wrote on 11 September 2024:

If you need an essay on the topic ASSESSING FINANCING NEEDS AND STOCK VALUE IN CELL THERAPY ENTREPRENEURIAL PROJECTS, welcome to the site – https://domyassignments.com/
124

lLaurabm wrote on 13 September 2024:

populära namnen Maria är ett av de mest inom online-game och sportbetting, och erbjuder spelare en högkvalitativ spelupplevelseeUt
125

pRuthbd wrote on 13 September 2024:

Snabbare erbjuder en mängd betalningsalternativ som är anpassade för svenska spelareeIj
126

kSharonbq wrote on 14 September 2024:

The 1win bonus program is a big draw for playerseEe
127

bDeborahgw wrote on 15 September 2024:

BC Game is accessible to players from various countries, except those where onlinyEb
128

cPatriciakv wrote on 15 September 2024:

BitStarz offers a seamless mobile gaming experience through its mobile-optimized websitevEy
129

xMaryjc wrote on 15 September 2024:

BitStarz offers a seamless mobile gaming experience through its mobile-optimized websitelBt
130

xDonnarq wrote on 16 September 2024:

The core mechanic of the Aviator Game is simple yet exhilarating https://aviator-web.com/dOz
131

wLauraib wrote on 17 September 2024:

Din Guide till Trygga och Licensierade Onlinekasinon i https://slotloversonline.com/category/svenska/ SverigezCw
132

Mayank wrote on 19 September 2024:

Loan California Rates 2024 article from ISMT
133

ISMT wrote on 19 September 2024:

Loan California Rates 2024 article from ISMT
134

ISMT wrote on 19 September 2024:

Process To Invest On Silver: 5 Ways To Buy And Sell article from ISMT
135

Senemi Investment wrote on 21 September 2024:

Senemi Investment is dedicated to providing top-notch investment services. Our expert team is committed to offering tailored investment strategies that ensure both security and profitability. Choose Senemi Investment for smart investment choices and a secure future.
136

kMargaretio wrote on 24 September 2024:

Willkommen bei JackpotPiraten, einem der führenden OnlineoCi
137

tBettyrr wrote on 24 September 2024:

AmunRa ist eine beliebte Online-PlattformkXj
138

liza martin wrote on 24 September 2024:

Struggling with your assignments? Makeassignmenthelp is here to provide you with top-notch online assignment help at an unbeatable 30% discount! Our team of experienced professionals is dedicated to delivering high-quality work tailored to your specific needs. Whether you’re facing tight deadlines or complex topics, we ensure you receive the support you need to excel. With our commitment to excellence and customer satisfaction, you can trust us to help you achieve your academic goals. Don’t miss this limited-time offer—unlock your potential with Makeassignmenthelp today and experience the best in online assignment help at a fantastic price!
139

Kayifi wrote on 28 September 2024:

I’m thrilled I stumbled upon your essay. It was well-researched and insightful. Keep up the great work.

Kayifi
140

pMichellejm wrote on 28 September 2024:

Välkommen till din guide för Sveriges bästa TopSvenska ;)bYs
141

Telegram wrote on 1 October 2024:

Telegram中文版下载can be a powerful communication tool for coordinating funding needs in cell therapy projects. By creating dedicated channels for stakeholders, it becomes easier to share updates, financial models like NPV calculations, and discussions about equity distribution in real time. This helps streamline the negotiation process and ensures everyone is aligned.
142

Telegram ios wrote on 1 October 2024:

Using Telegram中文语言包 for collaborative discussions during the assessment of cell therapy projects is incredibly efficient. You can set up secure groups for investors and project managers to share BRITS tool outputs, such as cash flow statements and other financial details, making the decision-making process smoother and more transparent.
143

Telegram cn wrote on 1 October 2024:

Telegram中文 group and file-sharing features facilitate communication among cell therapy stakeholders during critical equity negotiations. With its ability to store important documents like cash flow statements and NPV analyses, the platform ensures that all parties have access to the necessary data during discussions, promoting informed decision-making.
144

Henry White wrote on 3 October 2024:

I recently used an Online Assignment Help service, and it transformed my approach to completing assignments. The expert guidance I received was invaluable, especially when I faced tight deadlines. They understood my requirements perfectly and delivered high-quality work that exceeded my expectations. The support I received made me feel confident in my submissions. If you’re struggling with assignments, I highly recommend considering services like Do My Assignment For Me UK. They offer tailored assistance that really makes a difference in your academic journey.
145

xLindaxs wrote on 5 October 2024:

Play Aviator Game – India’s #1 https://aviator-app.org/fUq
146

vSharonkt wrote on 5 October 2024:

Play Aviator Game – India’s #1 https://aviator-app.org/aBg
147

fLisagp wrote on 6 October 2024:

Play Aviator Game – https://aviator-app.org/ India’s #1jEf
148

Listen wrote on 9 October 2024:

Listen refers to the act of paying attention to sound or audio, whether it’s music, spoken words, or other auditory experiences. It involves focusing on and interpreting the sounds around you, often with the intention of understanding or enjoying the content. Listening is an essential part of communication and engagement with the world.

Case study 2: Dividing up equity

Assessing funding needs and the value of equity in entrepreneurial cell therapy projects

Assessing the firm’s development path and funding needs

Download the screenshots above:

148 Responses to “Case study 2: Dividing up equity”

Leave a Reply