- Entrepreneurial Finance
by Richard L. Smith, Janet Kiholm Smith
- Financing the New Venture : A Complete Guide to Raising Capital from Venture Capitalists, Investment Bankers, Private Investors, and Other Sources
by Mark H. Long
- Financing Your Business with Venture Capital: Strategies to Grow Your Enterprise with Outside Investors
by Frederick D. Lipman
- Raising Capital
by Andrew J. Sherman
- Living on the Fault Line
by Geoffrey A. Moore, Mitchell Greenberg (Narrator)
- Inventing Money : The Story of Long-Term Capital Management and the Legends Behind It
by Nicholas Dunbar
- The Ernst & Young Guide to the IPO Value Journey
by Stephen C. Blowers, Peter H. Griffith, Thomas L. Milan
- Valuation: Measuring and Managing the Value of Companies, 3rd Edition
by Tim Koller, Jack Murrin, Tom Copeland
- Cracking the Value Code: How Successful Businesses Are Creating Wealth in the New Economy
by Barry D. Libert, Steve M. Samek, Richard E. S. Boulton
- Winning Strategies for Capital Formation : Secrets of Funding Start-Ups and Emerging Growth Firms Without Losing Control of Your Idea, Project, or Company
by Linda Chandler
Entrepreneurial Finance
by Richard L. Smith, Janet Kiholm Smith
We approach entrepreneurial finance from the perspectives of modern finance theory and the economics of contracts. Coverage includes financial aspects of business planning, strategic planning, forecasting and assessing financial needs, valuation of financial claims of investors and entrepreneurs, financial contracting, staging, choice of financing sources, harvesting, and globalization of new venture finance. We use the techniques of simulation and scenario analysis to evaluate alternative strategies and real options, financial needs, and deal structures. The book includes access to a comprehensive website of downloadable resources, including Venture.SIM, a simulation add-in to Excel that we developed for new venture simulation. The website also provides access to a set of valuation templates, links to internet resources relevant to entrepreneurial finance, and other features.
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Financing the New Venture : A Complete Guide to Raising Capital from Venture Capitalists, Investment Bankers, Private Investors, and Other Sources
by Mark H. Long
If you are concerned your company may not hit the radar screens of Venture Capitalists, Angels, or Regional Investment Bankers, this book will give you the funding approach you need to meet your capital raising challenges from these professional investors and from individual investors, boutique broker-dealers, money finders and strategic corporate investors. And it works. By modifying your business design and by applying the proven equity financing principles, methods and steps you will learn in this book, you will attract the investors and money raisers you need to fund your launch.
This book focuses on three basic ideas to "get you ready" to raise investor capital:
Idea #1: Less than one half of one percent of the one million start-up businesses each year in this country qualify for venture capital. The remaining 99.5% of the start-up businesses in America simply do not meet the venture capital industry's investment model of blockbuster first product and "fast track" initial public offering (IPO). (I call this model the Great American Product/Exit Game - GAPE.) With a few very notorious and impressive exceptions, the venture capital industry's track record of investment returns is not spectacular, yet the American entrepreneurial sector, including academia and the press, seem to be locked into the venture capital GAPE paradigm of how businesses are supposed to launch, finance and grow themselves.
Idea #2: There is a new economy pulling us all into the 21st Century. This is an economy of knowledge/creativity, and it requires entrepreneurs to equally value business building principles and practices with product building if they want to meet the agendas of the new economy.
Idea #3: The new economy will have two kinds of business models that successfully attract investor capital:
One will be the ever-present GAPE model of hot product/fast-growth/fast investor-liquidity, which only a very small number of companies will be fortunate enough to have.
The other super model that will attract investor capital will be the Visionary Business Builder model detailed in this book. This new model provides entrepreneurs with the theory and strategies that will permit outstanding business growth and investor returns. Eventually, even the venture capital investing will embrace this disruptive new start-up model.
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Financing Your Business with Venture Capital: Strategies to Grow Your Enterprise with Outside Investors
by Frederick D. Lipman
One of the most pressing needs of growing businesses is capital. Bank loans are hard to come by and are also risky. That's why many entrepreneurs look for equity infusion, or venture capital, to help them grow their business. Written by Frederick D. Lipman, one of the most respected attorneys specializing in growing businesses, Financing Your Business with Venture Capital is an indispensable guide for entrepreneurs.
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Raising Capital
by Andrew J. Sherman
Raising Capital helps readers navigate the murky waters of entrepreneurial finance, from traditional sources such as banks, "angels" and private placements to venture capital, initial public offerings, joint ventures, vendor financing and raising capital via the Internet.
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Living on the Fault Line
by Geoffrey A. Moore, Mitchell Greenberg (Narrator)
Geoffrey Moore's first two books, Crossing the Chasm and Inside the Tornado, were gospel to a generation of high-tech managers. The challenge those books addressed was how to market and sell according to what he called the "Technology Adoption Life Cycle." In Living on the Fault Line, Moore takes his message to a very different group of execs, those who have never had to worry about marketing technology but who now face the biggest and most disruptive technology life cycle of all--the Internet.
Moore contends the Internet has changed everything, and he means it. As many companies are now discovering, market share is worth more than earnings; virtual integration trumps vertical integration; and the IT department, once relegated to a stuffy back office, is no longer "about the business--it is the business." The best proxy of a company's success? Try its stock price. Moore writes, "Stock price is in effect an information system about competitive advantage, it can help you sort through which markets to attack, which strategies to pursue, which partners to endorse, and which tactics to execute.... Capital, in other words, flows to competitive advantage and abandons competitive disadvantage."
For some, Moore's prescriptions may seem over the top. But those grappling for a handhold on the Internet economy will find much to ponder here. For example, managers faced with a scarcity of time and resources will find his analysis of core and context a powerful prism to manage by. He defines "core" as activities that differentiate a company in the marketplace and thereby drive its stock price. "Context" is simply everything else the company already does. His suggestion: assign your best people to the core and outsource as much of the context as possible.
If you've enjoyed Moore's previous work, you'll find Living on the Fault Line a must. If you've never read Moore before, get this on your bookshelf before your competition does. Engaging and highly readable, this one's a keeper. --Harry C. Edwards --This text refers to the Hardcover edition.
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Inventing Money : The Story of Long-Term Capital Management and the Legends Behind It
by Nicholas Dunbar
A roller-coaster ride through the world of high finance, high profits, Nobel Prize-winning science, and ultimate disaster It was the event that nearly killed the bull in its tracks and roused the bear from hibernation. In September 1998, the exclusive and highly secretive hedge fund, Long-Term Capital Management, collapsed. Despite a portfolio of bonds worth $100 billion and the expertise of the world's best financial professionals, LTCM's demise nearly crushed the market. Nicholas Dunbar guides the reader through this world of high finance, high profits, Nobel Prize-winning science, and near financial disaster. Above all, he questions the role of science in finance and where it is likely to lead the world financial markets and economies. * Includes analysis of electronic trading and its impact on the "human" market * Examines the stability of modelling and mathematical formulas.
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The Ernst & Young Guide to the IPO Value Journey
by Stephen C. Blowers, Peter H. Griffith, Thomas L. Milan
A revised and updated edition of The Ernst & Young Guide to Taking Your Company Public, this practical book addresses a topic that will have significant impact on company operations in the years to come. It's packed with essential information on the process of taking your company public.
Ernst & Young LLP is one of the nation's leading professional services firms. Its Entrepreneurial Services Group is the largest practice in the United States dedicated to the special requirements of start-up and growing businesses.
"Ernst & Young has updated its Guide to Taking Your Company Public, incorporating the illuminating results of the research project into this new edition. The Ernst & Young Guide to the IPO Value Journey is a complete management guide for going public. "It has been revised to focus on the IPO as a lengthy process called The Value Journey", which has significant impact on company operations."--BOOK JACKET. "This book helps you decide whether an IPO is right for your company and lets you know what to expect from the various participants in the IPO process - the SEC, the financial community, the press, and various stakeholders. The IPO process itself is described in detail, together with information about how to work with underwriters, attorneys, auditors, and other advisors."
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Valuation: Measuring and Managing the Value of Companies, 3rd Edition
by Tim Koller, Jack Murrin, Tom Copeland
Hailed by financial professionals worldwide as the single best guide of its kind, Valuation provides crucial insights into how to measure, manage, and maximize a company's value. This long-awaited Third Edition has been updated and expanded to reflect business conditions in today's volatile global economy. In addition to all new case studies, it now includes in-depth coverage of real options and insurance companies, along with detailed instructions on how to drive value creation, and expert advice on how to manage difficult situations. Describes techniques for multibusiness valuations, valuation within an international context, and valuation for restructurings and mergers and acquisitions Includes a companion Web site featuring an interactive valuation-modeling application.
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Cracking the Value Code: How Successful Businesses Are Creating Wealth in the New Economy
by Barry D. Libert, Steve M. Samek, Richard E. S. Boulton
It seems some guru with a PalmPilot reminds us daily of the current breach between our Old and New economies, with immense riches awaiting those who play by the rules of the New, and certain oblivion looming for those who disdain such tidings. Come to think of it, that's essentially what Cracking the Value Code says. At the heart of this rigorously researched, cogently argued, and sensibly organized manifesto is this: New Economy success stories like Charles Schwab, Microsoft, and the Gap have outstripped their older industrial-age counterparts because they have devised new business models that hook into "what matters" to customers. How? By using their organizational assets--both concrete and intangible--as the building blocks to true customer value. The book examines the full gamut of these possible assets (physical, financial, employee-supplier, customer, and those intrinsic to the organization) and, to show them in action, provides plenty of fun, fact- and figure-filled miniprofiles of New Economy dynamos, from robustly reengineered old warhorses like IBM, Coke, Pepsi and Sara Lee to brash, new digital-age brats: Dell, Compaq, Cisco, idealab!, and Starbucks.
The book, which is based on a three-year study by the consulting firm Arthur Andersen, gives clear, plain-English guidance for helping your organization identify, create, and consolidate the valued assets it needs to vault high above the competition. Each chapter ends with questions and actions you can directly apply to your own workplace, and an entire section is devoted to helping your company add value by stressing assets and build a new business model that reflects those central strengths. So if you want the smart tip from one of the world's most influential consultants on exactly what companies are doing or have done to put themselves on the international market radar, you'll eat this book up. And if you're looking to reposition your biz for unprecedented market success by cracking your own value code, you might even come back for seconds and thirds.
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Winning Strategies for Capital Formation : Secrets of Funding Start-Ups and Emerging Growth Firms Without Losing Control of Your Idea, Project, or Company
by Linda Chandler
An introduction to raising capital grounding entrepreneurs' creative ideas in sound business practice for a successful start-up. Chandler's experience in raising capital and in business structuring has resulted in a practical, systematic approach that emphasizes preparing for risk by planning, backing it up with credible financials and structuring, anticipating investors' perspectives and finding them, and successfully pitching your company to the money people. Her "myths that can block your path to success" include the idea that entrepreneurs are high risk takers, and money will solve all problems. Annotation c. by Book News, Inc., Portland, Or.
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