What are the methods to estimate source code value?

Posted by Antoine on Programmers See other posts from Programmers or by Antoine
Published on 2012-11-08T22:17:09Z Indexed on 2012/11/09 5:23 UTC
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I've been working on some project on my free time for the past few months. Recently I've been approached by friends to build a startup, and this source code would be very valueable to us.
As a co-founder, this code could count for something in the company's capital, and be exchanged for shares. But how can you estimate its value? Do you just multiply industry-standard wqges by the time I spent on it, or are there other methods?

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