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Oh the eighth question we are going to tackle is do you know the value of your IP its difficult to value your IP at the earliest ages of your company especially if for instance youre not getting any licensing revenues to give you an idea of the market value you can attract in any case the licensing fees we can potentially earn will vary widely from one industry to another from a few percent in some industries to double-digit say 10 percent and above in others getting a professional valuation is portable but expensive when funds are limited it does make the situation of fundraising tricky when youre not able to put a value on your IP there are however some guiding principles I would like to share with you firstly you can calculate your development cost today how much would you pay yourself put a value on your teams time taking into consideration how much someone with a similar level of skill and expertise employed in a company would earn dont forget to factor in the extras youre n