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Jim Timmins Expert Information

Managing Director

Teknos Associates

Expert Information

Proformative Expert

Expert Topics: FP&A
Expert Answers: 18 Answers/Comments

I have spent 30 years working with emerging growth companies in valuation, investment banking, and venture capital investing.

- More than 1,500 fairness opinions and valuations, many of them reviewed by Big Four and other audit firms and/or used in SEC filings
- Frequent speaker about IRC 409A / ASC 718 appraisal and other valuation subjects
- Skilled in complex valuation for post-acquisition purchase price allocation, including intellectual property and other intangibles, under ASC 805
- Accredited Senior Appraiser (ASA) designations, in both Business Valuation and Intangible Assets, awarded by the American Society of Appraisers
- Master Analyst in Financial Forensice (MAFF) designation in Business and Intellectual Property Damages awarded by National Association of Certified Valuators and Analysts
- Member of boards of directors, member of audit companies, and "financial expert" within the meaning of section 407 of the Sarbanes-Oxley Act.
- Expert witness on behalf of a number of large Bay Area technology companies and financial institutions, experience in expert report preparation and rebuttal, deposition, and trial (bench and jury, binding civil and FINRA arbitration), subjects include business value, economic damages, breach of fiduciary duty, and venture capital practice

Specialties: Appraisals, business valuations, fairness opinions, IRC 409A, ASC 718, ASC 805, ASC 820, ASC 350, ASC 360, FAS 123R, FAS 141, FAS 141R, FAS 157, FAS 142, FAS 144, FIN 48, IRC 311, IRC 280G, IRC 382, fair value, fair market value, private-to-private mergers, embedded derivatives, cross-fund investing, intellectual property valuation, intangible asset valuation, post-acquisition purchase price allocation, asset and goodwill impairment testing, portfolio valuation, expert witness testimony

 

Experience

Managing Director : Teknos Associates LLC - [2008-11 to Current]
I manage the valuation practice at Teknos. I developed my valuation expertise during more than 15 years in venture capital and 12 years in investment banking. In addition to completing more than 500 valuations and fairness opinions, I have participated in numerous merger transactions, private placements, and public offerings during my career. Teknos is an experienced valuation firm which serves emerging growth companies and their venture capital backers. Clients count on our financial expertise, knowledge of technology markets, and high standards to deliver relevant and timely valuation reports and fairness opinions. Among our many services, we provide IRC 409A / FAS 123R valuations for stock option issuance and FAS 141R and 142 valuations for post-acquisition accounting and intangible asset impairment analysis.

Managing Director : Pagemill Partners - [2005-03 to 2009-11]
I created and built the valuation practice at Pagemill Partners, before leaving to form Teknos Associates in late 2008. During that time, I participated in more than 300 valuations and fairness opinions.

I also provided merger and acquisition advisory services to a number of clients, representing both buyers and sellers. Transactions included: sale of Wireless Test Solutions division of Comarco to Ascom (Switzerland); sale of Inovys to Verigy; sale of SensArray to KLA Tencor; sale of the MobileAria subsidiary of Delphi Electronics to Wireless Matrix; and purchase by Justsystem (Japan) of XMetaL division of Blast Radius.

Managing Director : Daiwa Securities SMBC / NIF Ventures - [1998-06 to 2005-03]
I built and oversaw the North American venture arm of The Daiwa Securities Group (now Daiwa Securities SMBC), called NIF Ventures. We managed more than $100 million of early and mid stage investments in information technology and life science companies, including investments in: Active Software (acquired by WebMethods), Ancore (acquired by OSI Systems), Backweb (public), CrossLogix (acquired by BEA), Digital Island (acquired by Cable & Wireless), enCommerce (acquired by Entrust), Knova (acquired by Consona), Websense (public), Whistle Communication (acquired by IBM), and Zhone (public).

 

Education

MBA, Finance : Stanford Graduate School of Business (at Stanford University ) - [1979 to 1981]