Financing New Ventures, livre ebook

Many business ventures today are looking to attract external
financing, with an emphasis on business angel
investment. Inside this text, the author incorporates
the views of business angels, venture capitalists, entrepreneurs,
and legal advisors; and draws upon the latest
academic thinking on financing new ventures, providing
comparisons between business angel and venture capital
investing to further inform the reader. The concepts, principles,
and guidelines presented can help you and any
entrepreneur, business support agency, business student,
and others interested in raising external investment and
in developing an “investable” business.
The book is organized into seven chapters covering:
• Fundamental concepts of entrepreneurial venturing
and entrepreneurial finance
• Market conditions from which investable businesses
emerge
• The investment process
• Deal negotiations
• The post-investment relationship between entrepreneur
and investor
• Recent trends affecting how entrepreneurs raise finance
that include strategic exits, “super angels,”
and the emergence of “crowdfunding”
Preface .................................................................................................ix
Acknowledgments ..................................................................................xi
Chapter 1 Introduction ..................................................................................1
Chapter 2 Entrepreneurial Venturing and Financing ..................................................................................11
Chapter 3 What Makes a Compelling Business Angel
Investment Opportunity? ..................................................................................59
Chapter 4 Understanding the Business Angel Investment Process ................................................103
Chapter 5 Deal Negotiation and the Deal Agreement ................................................139
Chapter 6 Investment Management, Staged Financing,
and Exits ................................................173
Chapter 7 Summary and Future Trends ................................................203
Appendix A .......................................................................................221
Appendix B .......................................................................................225
Appendix C .......................................................................................227
Appendix D .......................................................................................229
Appendix E .......................................................................................231
Notes ................................................................................................235
References ..........................................................................................241
Index ................................................................................................249