Venture Capital And The Finance Of Innovation

Author: Andrew Metrick
Publisher: John Wiley and Sons
ISBN: 9780470454701
Size: 32.25 MB
Format: PDF, Mobi
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Venture Capital And The Finance Of Innovation. This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. The most current industry data is included to demonstrate large changes in venture capital investments since 1999. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.

Venture Capital And The Finance Of Innovation 2nd Edition

Author: Andrew Metrick
Publisher: Wiley Global Education
ISBN: 1118137884
Size: 45.13 MB
Format: PDF, Docs
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Venture Capital And The Finance Of Innovation 2nd Edition. In Venture Capital and the Finance of Innovation, future and current venture capitalists will find a useful guide to the principles of finance and the financial models that underlie venture capital decisions. Assuming no knowledge beyond concepts covered in first-year MBA course, the text serves as an innovative model for the valuation of start ups, and will familiarise you with the relationship between risk and return in venture capital, historical statistics on the performance of venture capital investments, total and partial valuation--and more.

Venture Capital And The Finance Of Innovation

Author: Andrew Metrick
Publisher: Wiley
ISBN: 9780470074282
Size: 29.63 MB
Format: PDF, ePub, Docs
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Venture Capital And The Finance Of Innovation. While Venture Capital is not the golden egg that it was a decade ago, there is compelling evidence that the best Venture Capitalist's consistently beat the odds and deliver value to their inventors. This book uncovers the basic financial models that drive Venture Capital decisions and in the process deepen the readers understanding of the financial principles underpinning these models. Beginning with a comprehensive guide to understanding Venture Capital, Metrick uses this background to present an understanding of the application of Valuation. Included are comprehensive coverage and understanding of Total Valuation, Partial Valuation, and the Finance of Innovation.

Financing Life Science Innovation

Author: A. Styhre
Publisher: Springer
ISBN: 1137392487
Size: 39.69 MB
Format: PDF, Mobi
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Financing Life Science Innovation. Financing Life Science Innovation reviews the literature on venture capital, corporate governance, and life science venturing and presents a study of the Swedish life science industry and the venture capital investors being active in financially and managerially supporting life science start-up firms.

Financial Systems Corporate Investment In Innovation And Venture Capital

Author: Anthony Bartzokas
Publisher: Edward Elgar Publishing
ISBN: 1845420640
Size: 67.78 MB
Format: PDF, ePub
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Financial Systems Corporate Investment In Innovation And Venture Capital. "Financial Systems, Corporate Investment in Innovation, and Venture Capital is a text for scholars and students of the theory and practice of financing innovation. It will also be a source for governments, NGOs, financial institutions and multilateral agencies interested in the practicalities of promoting technology-based small and medium enterprises."--BOOK JACKET.

Venture Capital Valuation

Author: Lorenzo Carver
Publisher: John Wiley & Sons
ISBN: 1118182332
Size: 60.62 MB
Format: PDF
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Venture Capital Valuation. Real-world case studies clarify valuation principles to help readers maximize returns When founders, VCs, angels, attorneys, CFOs, CEOs, and employees don't understand the true meanings of "value" and "valuation," they end up losing money—lots of money. Venture Capital Valuation is for anyone involved in a venture capital- or angel-backed private company who wants to get the most out of their investments by controlling one of the few things they can when dealing with high-velocity, risky investments: their understanding of valuation. Lorenzo Carver, author and developer of the #1 selling, award-winning small-business valuation solution software, shares his decades of experience simplifying the high-growth company valuation process for clients in every business sector. Anchored by scores of high-profile examples, Venture Capital Valuation deftly illustrates how stakeholders in a given startup or high-growth company could have improved their outcomes by having better information about valuation. Helping readers answer such vital valuation questions as "What's this company worth?" "Is this a fair valuation?" and "Are we leaving too much money on the table?" Venture Capital Valuation dissects the valuation profiles of some of today's leading corporations, including: Facebook Twitter LinkedIn Microsoft Yahoo! Zogenix Plus, interviews with venture-backed company valuation experts Jeff Faust, Josh Cashman, and Joe Orlando A companion website allows readers to access and download additional material mentioned throughout the text. Don't wait until it's too late. Learn how "value" changes rights to cash flow at every stage of a company's evolution with Venture Capital Valuation.

Venture Capital Private Equity And The Financing Of Entrepreneurship

Author: Josh Lerner
Publisher: Wiley Global Education
ISBN: 1118213505
Size: 21.40 MB
Format: PDF
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Venture Capital Private Equity And The Financing Of Entrepreneurship. Venture Capital, Private Equity, and the Financing of Entrepreneurship stems from a realization that private equity overall - defined in this volume as venture capital and buyouts but excluding hedge funds - has become a vastly more sizable and influential part of the global economic landscape over the past two decades. The text explores the world of active investing and showcases ways of doing business in a clear and concise manner. With more than 60 years of combined experience as practitioners in and/or academic investigators of private equity, Lerner, Leamon, and Hardymon explain how the fascinating world of private equity works, from start to finish, how it creates value, and where it may destroy value.

The Oxford Handbook Of Venture Capital

Author: Douglas Cumming
Publisher: Oxford University Press
ISBN: 0199942617
Size: 20.15 MB
Format: PDF, Kindle
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The Oxford Handbook Of Venture Capital. Venture capital (VC) refers to investments provided to early-stage, innovative, and high growth start-up companies. A common characteristic of all venture capital investments is that investee companies do not have cash flows to pay interest on debt or dividends on equity. Rather, investments are made with a view towards capital gain on exit. The most sought after exit routes are an initial public offering (IPO), where a company lists on a stock exchange for the first time, and an acquisition exit (trade sale), where the company is sold in entirety to another company. However, VCs often exit their investments by secondary sales, wherein the entrepreneur retains his or her share but the VC sells to another company or investor buybacks, where the entrepreneur repurchases the VC`s interest and write-offs (liquidations). The Oxford Handbook of Venture Capital provides a comprehensive picture of all the issues dealing with the structure, governance, and performance of venture capital from a global perspective. The handbook comprises contributions from 55 authors currently based in 12 different countries.

Venture Capital

Author: Douglas Cumming
Publisher: John Wiley & Sons
ISBN: 9780470499146
Size: 49.17 MB
Format: PDF, Mobi
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Venture Capital. The purpose of this book is to provide a comprehensive view of venture capital by describing the current state of research and practices on this topic. The chapters comprised here discuss sources of capital (angel investment, limited partnerships, corporate funds, government funds), due diligence, financial contracts and monitoring, the efficiency implications of VC investment, investment returns and performance, international differences in venture capital markets, and regulation and public policy. This book is organized into five parts which collectively cover each of these areas, as explained below. Part I of this book begins with a review of alternative forms of venture capital. Part II of this book highlights the structure of venture capital investments. Part III of this of this book examines various aspects of the role of venture capitalists in adding value to their investee firms. Part IV of this book examines drivers of venture capitalists’ returns. Finally, Part V of this book examines international differences in venture capital and the role of public policy.

Venture Deals

Author: Brad Feld
Publisher: John Wiley & Sons
ISBN: 1119259800
Size: 57.32 MB
Format: PDF, ePub, Mobi
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Venture Deals. Get the inside scoop on what venture capitalists want to see in your startup as you hit the fundraising trail. This is the highly anticipated third edition of the best-selling book which has become the definitive resource for understanding venture capital fundraising. Whether you are an entrepreneur, lawyer, student or just have an interest in the venture capital ecosystem, Venture Deals is for you. The book dives deeply into how deals are constructed, why certain terms matter (and others don’t), and more importantly, what motivates venture capitalists to propose certain outcomes. You’ll see the process of negotiating from the eyes of two seasoned venture capitalists who have over 40 years of investing experience as VCs, LPs, angels, and founders. They will teach you how to develop a fundraising strategy that will be a win for all parties involved. This book is designed to bring transparency to the venture capital funding process and includes such topics as: How to raise money; What terms matter and which ones don’t; How to negotiate a fair deal for everyone; What makes venture capitalists tick, including how they are compensated and motivated; How companies are valued by venture capitalists; How all current structures of funding work, including convertible debt, crowdfunding, pre-sales and other non-traditional methods; How these particular issues change through different stages of financing (seed, early, mid and late); and How to avoid business and legal pitfalls that many entrepreneurs make. And as in the previous editions, this book isn’t just a one-sided opinion from venture capitalists, but also has helpful commentary throughout from a veteran CEO who has raised many rounds of financing from many different investors. If you are ready to learn all the secrets and ins and outs of fundraising, Venture Deals is an essential read.