Venture Capital and the Finance of Innovation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Venture Capital and the Finance of Innovation write by Andrew Metrick. This book was released on 2021-04-13. Venture Capital and the Finance of Innovation available in PDF, EPUB and Kindle. An invaluable resource for current and aspiring technology investors, Venture Capital and the Finance of Innovation provides an in-depth understanding of the tools and models needed to succeed in this competitive and highly fluid business environment. Building on a comprehensive introduction to fundamental financial and investment principles, the text guides the reader toward a robust skill set using enterprise valuation and preferred stock valuation models, risk and reward, strategic finance, and other concepts central to any venture capital and growth equity investment. Two features of the book stand out from other sources on the subject. First, it pays special attention to the enterprise valuation methodology for high-growth companies. What drives the value of a company that has little physical assets, losing money now but has a small chance of achieving great success in several years? How do you create estimates for sales, profit and return on capital when little data is available? The book answers these questions using a discounted cash flow model that is tailor-made for technology companies (DCF.xlsx downloadable from the instructor website), and the comparables model. Second, it highlights the most valuation-relevant feature of VC term sheets, namely the use of convertible preferred stock. The book shows the reader how to use a user-friendly and automated valuation model of VC preferred stock (available at www.vcvtools.com) to value various types of preferred stock and to visualize how term sheets split the values of the firm between entrepreneurs and VCs. Accessible, comprehensive, and assuming only basic knowledge of venture capital, this text offers essential guidance for successful VC and growth equity investing in any market.
Venture Capital and the Finance of Innovation
Venture Capital and the Finance of Innovation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Venture Capital and the Finance of Innovation write by Andrew Metrick. This book was released on 2011-06-15. Venture Capital and the Finance of Innovation available in PDF, EPUB and Kindle. 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
Venture Capital and the Finance of Innovation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Venture Capital and the Finance of Innovation write by Andrew Metrick. This book was released on 2010-09-14. Venture Capital and the Finance of Innovation available in PDF, EPUB and Kindle. 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 Financing of Innovation
Venture Capital and the Financing of Innovation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Venture Capital and the Financing of Innovation write by Bernard Guilhon. This book was released on 2020-02-05. Venture Capital and the Financing of Innovation available in PDF, EPUB and Kindle. The funding of innovative projects that are fundamentally ambiguous often leads to situations where decision-making is difficult. However, decision-making can be improved by practices such as syndication and step-by-step funding. The dynamic of this industry requires us to consider the economic and institutional variables that make this system coherent in English-speaking countries, but conversely reduce it to a privileged niche by the leading authorities in Europe and France. This book proposes two guiding ideas. The first idea presents innovation as a very uncertain process. This modifies the decision-making in the entrepreneurial ecosystem, with intervention upstream in regards to stronger foundations, evaluations and selection of projects. The second idea is that the actors hold onto partial knowledge in a context where their attention span is limited. These cognitive limitations need the formation of networks, and lead to mutual and complementary dependency relations.
Financing Life Science Innovation
Financing Life Science Innovation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financing Life Science Innovation write by A. Styhre. This book was released on 2015-04-21. Financing Life Science Innovation available in PDF, EPUB and Kindle. 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.
