Thank you for taking the time to complete this survey.

It will take only 3 minutes to answer 10 questions about investors' expected return on equity for new ventures and startup.

The individual answers are confidential, but will be presented at the Universidade de São Paulo in aggregate in a MSc/PhD thesis I am writing about "Classification, Investment Selection and Valuation of New Venture and Startup Companies".

With your help, I hope to contribute to the limited academic literature on new venture and startup valuation.

Jose Securato
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