1. Valuation (20 points) LO3 Valuation is very important for investors and business owners because valuation reveals the price of the company. Valuation can be calculated for each stage of business life. In these questions below we will ask you about the start-ups in Indonesia and the world For Indonesian context, there are several unicorns as of December 31, 2021

Required:

a. Please mention minimum 4 unicorns in Indonesia and find the story from internet on how valuation is being conducted for those unicorns you mentioned. (4 points) b. Search other unicorns all around the world (minimum 4 unicorns) and provide brief history of those unicorns and the service they provide. (4 points)

c. Do you think e-commerce is better than traditional market? What are the challenges in implementing e-commerce in Indonesia, please provide the data from internet to support your arguments? (4 points)

d. Is cash flow or accounting profit more important for asset valuation? Please fully explain the reasons for your choice. (2 points)

e. Why we have to value company? (2 points)

f. Please provide data, as of December 31, 2021, which lead toward a conclusion that digital industry in Indonesia is the most promising sector to conduct business. (4 points)