The Design of Syndicates in Venture Capital

The Design of Syndicates in Venture Capital PDF Author: Giacinta Cestone
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 31

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The Design of Syndicates in Venture Capital

The Design of Syndicates in Venture Capital PDF Author: Giacinta Cestone
Publisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 31

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Book Description


Venture Deals

Venture Deals PDF Author: Brad Feld
Publisher: John Wiley & Sons
ISBN: 1118118642
Category : Business & Economics
Languages : en
Pages : 245

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Book Description
An engaging guide to excelling in today's venture capital arena Beginning in 2005, Brad Feld and Jason Mendelson, managing directors at Foundry Group, wrote a long series of blog posts describing all the parts of a typical venture capital Term Sheet: a document which outlines key financial and other terms of a proposed investment. Since this time, they've seen the series used as the basis for a number of college courses, and have been thanked by thousands of people who have used the information to gain a better understanding of the venture capital field. Drawn from the past work Feld and Mendelson have written about in their blog and augmented with newer material, Venture Capital Financings puts this discipline in perspective and lays out the strategies that allow entrepreneurs to excel in their start-up companies. Page by page, this book discusses all facets of the venture capital fundraising process. Along the way, Feld and Mendelson touch on everything from how valuations are set to what externalities venture capitalists face that factor into entrepreneurs' businesses. Includes a breakdown analysis of the mechanics of a Term Sheet and the tactics needed to negotiate Details the different stages of the venture capital process, from starting a venture and seeing it through to the later stages Explores the entire venture capital ecosystem including those who invest in venture capitalist Contain standard documents that are used in these transactions Written by two highly regarded experts in the world of venture capital The venture capital arena is a complex and competitive place, but with this book as your guide, you'll discover what it takes to make your way through it.

The Venture Capital Cycle

The Venture Capital Cycle PDF Author: Paul Alan Gompers
Publisher: MIT Press
ISBN: 9780262072557
Category : Business & Economics
Languages : en
Pages : 592

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Book Description
An analysis of the venture capital process, from fund-raising through investing to exiting investments; a new edition with major revisions and six new chapters that reflect the latest research.

Venture Capital

Venture Capital PDF Author: Douglas Cumming
Publisher: John Wiley & Sons
ISBN: 0470599758
Category : Business & Economics
Languages : en
Pages : 604

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Book Description
An essential guide to venture capital Studies have shown that venture capital backed entrepreneurial firms are on average significantly more successful than non-venture capital backed entrepreneurial firms in terms of innovativeness, profitability, and share price performance upon going public. Understanding the various aspects of venture capital is something anyone in any industry should be familiar with. This reliable resource provides a comprehensive view of venture capital by describing the current state of research and best practices in this arena. Issues addressed include sources of capital-such as angel investment, corporate funds, and government funds-financial contracts and monitoring, and the efficiency implications of VC investment, to name a few. Opens with a review of alternative forms of venture capital Highlights the structure of venture capital investments Examines the role venture capitalists play in adding value to their investee firms This informative guide will help you discover the true potential of venture capital.

The Oxford Handbook of Venture Capital

The Oxford Handbook of Venture Capital PDF Author: Douglas Cumming
Publisher: Oxford University Press
ISBN: 0199942617
Category : Business & Economics
Languages : en
Pages : 1126

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Book Description
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.

Introduction to Venture Capital Finance

Introduction to Venture Capital Finance PDF Author: Chris Bovaird
Publisher: Financial Times/Prentice Hall
ISBN: 9780273032151
Category : Investments
Languages : en
Pages : 280

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Book Description
The aim of this book is to provide a basic factual text on venture capital finance, and the venture capital industry in the UK. It considers a variety of topics such as the business expansion scheme, changes in the investment market, and what entrepreneurs expect from venture capitalists.

Venture Capital Networks

Venture Capital Networks PDF Author: Cristiano Bellavitis
Publisher:
ISBN: 9781631579844
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
In the venture capital (VC) industry, firms often co-invest with other peers in syndicated deals. The process of syndication is a form of investment alliance that generates networks of VC firms and start-up companies. Despite the prominent role played by syndicates, extant entrepreneurship literature found contradicting evidence on the relationship between the practice of syndication and the performance of both the start-up and the investors. In fact, our understanding of the circumstances under which syndicates have the potential to boost performance, rather than hamper them, is still limited. Previous literature suggested that syndicates improve the access to resources for both the entrepreneurs and the VC partners. However, syndicates, as opposed to solo investments, carry agency costs such as free riding and conflicts of interests among co-investors. I investigate the role of syndicates on performance building upon network and alliance literature. Recent studies show that syndicates, networks, and alliances have the potential to be both an asset and a liability for the focal actor. This applies to the amount of connections that a firm has, the structure of its network, or the composition of the alliance. I apply a contingency perspective to investigate the boundary conditions under which syndication exerts a positive rather than a negative effect on performance. I test theoretical claims at three levels of analysis: at the start-up level, at the VC investors' level, and the syndicate level.

The Oxford Handbook of Venture Capital

The Oxford Handbook of Venture Capital PDF Author: Douglas Cumming
Publisher: Oxford University Press
ISBN: 019992094X
Category : Business & Economics
Languages : en
Pages : 1052

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Book Description
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.

Financing High-Growth Firms The Role of Angel Investors

Financing High-Growth Firms The Role of Angel Investors PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264118780
Category :
Languages : en
Pages : 158

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Book Description
This report covers seed stage financing for high growth companies in OECD and non-OECD countries with a primary focus on angel investment.

The Venture Capital Investment Process

The Venture Capital Investment Process PDF Author: Darek Klonowski
Publisher: Springer
ISBN: 023011007X
Category : Business & Economics
Languages : en
Pages : 283

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Book Description
The book provides one of the most comprehensive overviews of the internal and external challenges of processing venture capital deals, providing an eight stage investment model that breaks down each part of the deal into its own specific challenges and rewards.