Entrepreneur S Choice Between Venture Capitalist And Business Angel For Start Up Financing

Author : Daniel Schmidt
Publisher : Anchor Academic Publishing (aap_verlag)
Page : 54 pages
File Size : 50,6 Mb
Release : 2014-02-01
Category : Business & Economics
ISBN : 9783954896905

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Entrepreneur’s choice between Venture Capitalist and Business Angel for Start-Up Financing by Daniel Schmidt Pdf

The study extends the literature on venture capital by examining whether entrepreneur’s choice for an external investor and certain firm characteristics have an impact on venture success or not. The focus is set on the differences in value creation by venture capitalists and business angels for ventures of the high- and low-technology sector. The assessment of a data set including 252 Series A financing rounds by venture capitalist firms, business angels and collaborative investments of both investors conducted between 2005 and 2012 unveils value enhancing aspects for all three financing solutions. Overall, start-ups initially financed by venture capitalist firms perform best with regard to general venture success, whereas start-ups collaboratively supported by venture capitalists and business angels have the highest chances to exit successfully through a trade sale. It becomes further apparent that ventures located in one of the high-technology industries ‘internet’, ‘pharmaceuticals’ and ‘high-tech’, ventures that are longer established in the market and ventures whose Series A financing round was executed more recently indicate an enhanced likelihood of success.

Author : Daniel Schmidt
Publisher : Unknown
Page : 56 pages
File Size : 55,6 Mb
Release : 2013-12
Category : Electronic
ISBN : 3954891905

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Entrepreneur's Choice Between Venture Capitalist and Business Angel for Start-Up Financing by Daniel Schmidt Pdf

The study extends the literature on venture capital by examining whether entrepreneur's choice for an external investor and certain firm characteristics have an impact on venture success or not. The focus is set on the differences in value creation by venture capitalists and business angels for ventures of the high- and low-technology sector. The assessment of a data set including 252 Series A financing rounds by venture capitalist firms, business angels and collaborative investments of both investors conducted between 2005 and 2012 unveils value enhancing aspects for all three financing solutions. Overall, start-ups initially financed by venture capitalist firms perform best with regard to general venture success, whereas start-ups collaboratively supported by venture capitalists and business angels have the highest chances to exit successfully through a trade sale. It becomes further apparent that ventures located in one of the high-technology industries 'internet', 'pharmaceuticals' and 'high-tech', ventures that are longer established in the market and ventures whose Series A financing round was executed more recently indicate an enhanced likelihood of success.

Author : Phillip Ryan
Publisher : The Rosen Publishing Group, Inc
Page : 82 pages
File Size : 55,8 Mb
Release : 2012-07-01
Category : Juvenile Nonfiction
ISBN : 9781448867950

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How Venture Capital Works by Phillip Ryan Pdf

Explanations to the inner workings of one of the least understood, but arguably most important, areas of business finance is offered to readers in this engaging volume: venture capital. Venture capitalists provide necessary investment to seed (or startup) companies, but the startup is only the beginning, there is much more to be explored. These savvy investors help guide young entrepreneurs, who likely have little experience, to turn their businesses into the Googles, Facebooks, and Groupons of the world. This book explains the often-complex methods venture capitalists use to value companies and to get the most return on their investments, or ROI. This book is a must-have for any reader interested in the business world.

Author : Basil Peters
Publisher : Basil Peters
Page : 170 pages
File Size : 53,8 Mb
Release : 2009
Category : Business & Economics
ISBN : 9780981185507

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Early Exits by Basil Peters Pdf

Author : Mark Van Osnabrugge,Robert J. Robinson
Publisher : John Wiley & Sons
Page : 460 pages
File Size : 44,7 Mb
Release : 2000-05-02
Category : Business & Economics
ISBN : 0787952028

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Angel Investing by Mark Van Osnabrugge,Robert J. Robinson Pdf

They deliver more capital to entrepreneurs than any other source.And they often receive an incredible return on their investments.They're angel investors, some of the most important--and leastunderstood--players in business today. The United States has closeto three million angels, whose investments in startups exceed $60billion per year. Some of our most successful companies were fundedby angels--companies like Ford, AOL, and Amazon.com. But until now,little has been written about these angels, due in part to theirpreference for anonymity. Angel Investors provides an inside lookat who these angels are and how they operate. It also showswould-be angels and entrepreneurs how best to find eachother. To learn more about this book, visit its website.

Author : Susan L. Preston
Publisher : John Wiley & Sons
Page : 463 pages
File Size : 46,9 Mb
Release : 2011-01-13
Category : Business & Economics
ISBN : 9781118047286

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Angel Financing for Entrepreneurs by Susan L. Preston Pdf

Angel Financing for Entrepreneurs will give you the information you need to understand how angel investors think, as well as how to identify investor expectations, understand the investment analysis process, and prepare for post-investment requirements. Written by Susan Preston, an experienced angel investor, worldwide speaker and consultant on angel financing, and former Kauffman Foundation Entrepreneur-in-Residence, this hands-on resource, explains the factors that determine how private equity investors spend their money and what they expect from entrepreneurs. For example: Most venture capitalists do not invest in seed or start-up financing rounds Investors typically require seasoned management, with successful start-up experience Investors are looking for entrepreneurs with passion for their ideas and the willingness to take and apply sound advice Business plans must be well-written with detailed financial projections that extend 3–5 years Investors are looking for a clear path to profitability in the business model Entrepreneurs must have developed a corporate structure that is clean and uncomplicated And much more

Author : David S. Rose
Publisher : John Wiley & Sons
Page : 309 pages
File Size : 49,7 Mb
Release : 2014-04-28
Category : Business & Economics
ISBN : 9781118858257

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Angel Investing by David S. Rose Pdf

Achieve annual returns of 25% or more with a well-designed angel portfolio Written by David S. Rose, the founder of Gust—the global platform that powers the world of organized professional angel investing—Angel Investing is a comprehensive, entertaining guide that walks readers through every step of the way to becoming a successful angel investor. It is illustrated with stories from among the 90+ companies in which David has invested during a 25 year career as one of the world’s most active business angels and includes instructions on how to get started, how to find and evaluate opportunities, and how to pursue and structure investments to maximize your returns. From building your reputation as a smart investor, to negotiating fair deals, adding value to your portfolio companies and helping them implement smart exit strategies, David provides both the fundamental strategies and the specific tools you need to take full advantage of this rapidly growing asset class. He details the advantages of joining an angel group, explains how seed and venture funds can help leverage an investor’s resources, and reveals how recent regulatory changes and new online platforms are making startup investing accessible to millions of Americans. Making money is no longer about sitting back and reading stock listings, David says. It is now about being part owner of an exciting startup that can be fun and financially rewarding. Angel Investing teaches investors how to carefully select and manage investments, establish a long term view, and approach angel investing as a serious part of an alternative asset portfolio while also enjoying being an integral part of an exciting new venture.

Author : Tom Eisenmann
Publisher : Currency
Page : 370 pages
File Size : 54,5 Mb
Release : 2021-03-30
Category : Business & Economics
ISBN : 9780593137024

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Why Startups Fail by Tom Eisenmann Pdf

If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success.

Author : Gerald A. Benjamin,Joel B. Margulis
Publisher : John Wiley & Sons
Page : 415 pages
File Size : 49,6 Mb
Release : 2005-02-18
Category : Business & Economics
ISBN : 9780471717409

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Angel Capital by Gerald A. Benjamin,Joel B. Margulis Pdf

Get the business insight that has raised millions in capital funding for over 50,000 entrepreneurs. If you're an entrepreneur or own a small, fast-growing businesses, Angel Capital provides a complete toolkit for raising capital in today's challenging economic landscape. The authors, who manage the largest angel network in the U.S., offer real-world advice on how to find investors and take control of the private placement process. Using revolutionary typology and unmatched proprietary research, they explain all stages of raising capital, from valuation to negotiation to due diligence. In addition, you'll find a comprehensive directory of alternative capital resources, based on research of over 2,000 organizations, and a legal appendix that serves as a short course in exempt offerings and provides the skills needed to have success with any early-stage business venture or investment. Order your copy today.

Author : Hans Landström,Colin Mason
Publisher : Edward Elgar Publishing
Page : 424 pages
File Size : 40,7 Mb
Release : 2016-09-28
Category : Business & Economics
ISBN : 9781783471720

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Handbook of Research on Business Angels by Hans Landström,Colin Mason Pdf

Business angels are recognized as playing a key role in financing the start-up and early stages of new ventures. However, our knowledge of how business angels operate remains limited and highly fragmented. This Handbook provides a synthesis of research on business angels. It adopts an international perspective to reflect the spread of angel investing around the world. The increasing number of government initiatives to promote angel investing is also reflected in the book with an assessment of the most common support schemes. Adopting an international focus, the expert group of contributors examine business angels themselves, the evolution of the market, the various stages of the investment process and the role of public policy in influencing angel investment. They each conclude their chapters with an agenda for future research on business angels. Students and scholars of entrepreneurship, entrepreneurial finance and related subjects will find this book to be an invaluable resource for their work. In particular, they will benefit from the research agendas that conclude each chapter. This Handbook will also be of interest to policy-makers and other practitioners looking to enhance their understanding of the design and need for such interventions.

Author : Gerald A. Benjamin,Joel B. Margulis
Publisher : John Wiley & Sons
Page : 342 pages
File Size : 43,8 Mb
Release : 1999-11-02
Category : Business & Economics
ISBN : 0471350850

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Angel Financing by Gerald A. Benjamin,Joel B. Margulis Pdf

Your guardian angel has arrived Capital is the single most important factor to getting your venture off the ground, but finding it can be a challenge, particularly if you're running out of funding options. Suppose your venture is too small for institutional players. What do you do once you've exhausted your personal financial resources? Where do you go after banks, the leasing companies, the venture capital firms, have turned you down? What you need is an "angel"--a private investor with high net worth. Angel Financing--the only book of its kind--provides you with a road map to this valuable, little known, source of capital financing. Explains the structure of the direct private capital market Covers everything from the valuation process to writing an investor-oriented business plan

Author : Geoffrey Gregson
Publisher : Business Expert Press
Page : 268 pages
File Size : 44,6 Mb
Release : 2014-01-31
Category : Business & Economics
ISBN : 9781606494738

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Financing New Ventures by Geoffrey Gregson Pdf

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”

Author : Mahendra Ramsinghani
Publisher : John Wiley & Sons
Page : 440 pages
File Size : 48,9 Mb
Release : 2014-07-14
Category : Business & Economics
ISBN : 9781118926611

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The Business of Venture Capital by Mahendra Ramsinghani Pdf

The definitive guide to demystifying the venture capital business The Business of Venture Capital, Second Edition covers the entire spectrum of this field, from raising funds and structuring investments to assessing exit pathways. Written by a practitioner for practitioners, the book provides the necessary breadth and depth, simplifies the jargon, and balances the analytical logic with experiential wisdom. Starting with a Foreword by Mark Heesen, President, National Venture Capital Association (NVCA), this important guide includes insights and perspectives from leading experts. Covers the process of raising the venture fund, including identifying and assessing the Limited Partner universe; fund due-diligence criteria; and fund investment terms in Part One Discusses the investment process, including sourcing investment opportunities; conducting due diligence and negotiating investment terms; adding value as a board member; and exploring exit pathways in Part Two Offers insights, anecdotes, and wisdom from the experiences of best-in-class practitioners Includes interviews conducted by Leading Limited Partners/Fund-of-Funds with Credit Suisse, Top Tier Capital Partners, Grove Street Advisors, Rho Capital, Pension Fund Managers, and Family Office Managers Features the insights of over twenty-five leading venture capital practitioners, frequently featured on Forbes' Midas List of top venture capitalists Those aspiring to raise a fund, pursue a career in venture capital, or simply understand the art of investing can benefit from The Business of Venture Capital, Second Edition. The companion website offers various tools such as GP Fund Due Diligence Checklist, Investment Due Diligence Checklist, and more, as well as external links to industry white papers and other industry guidelines.

Author : David S. Rose
Publisher : John Wiley & Sons
Page : 304 pages
File Size : 43,7 Mb
Release : 2014-04-28
Category : Business & Economics
ISBN : 9781118901212

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Angel Investing by David S. Rose Pdf

Achieve annual returns of 25% or more with a well-designed angel portfolio Written by David S. Rose, the founder of Gust—the global platform that powers the world of organized professional angel investing—Angel Investing is a comprehensive, entertaining guide that walks readers through every step of the way to becoming a successful angel investor. It is illustrated with stories from among the 90+ companies in which David has invested during a 25 year career as one of the world’s most active business angels and includes instructions on how to get started, how to find and evaluate opportunities, and how to pursue and structure investments to maximize your returns. From building your reputation as a smart investor, to negotiating fair deals, adding value to your portfolio companies and helping them implement smart exit strategies, David provides both the fundamental strategies and the specific tools you need to take full advantage of this rapidly growing asset class. He details the advantages of joining an angel group, explains how seed and venture funds can help leverage an investor’s resources, and reveals how recent regulatory changes and new online platforms are making startup investing accessible to millions of Americans. Making money is no longer about sitting back and reading stock listings, David says. It is now about being part owner of an exciting startup that can be fun and financially rewarding. Angel Investing teaches investors how to carefully select and manage investments, establish a long term view, and approach angel investing as a serious part of an alternative asset portfolio while also enjoying being an integral part of an exciting new venture.

Author : Razaq Adekunle
Publisher : Independently Published
Page : 142 pages
File Size : 42,7 Mb
Release : 2020-12-11
Category : Electronic
ISBN : 9798579992628

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How Venture Capital Works for Start-Ups And Small Businesses by Razaq Adekunle Pdf

Venture capital is a topic that always seems to bring both a light to the eyes of entrepreneurs and a confused look on faces at the same time. Most entrepreneurs believe that this source of funds is only appropriate for very large businesses with a proven track record that now have new ideas. In the mind of the hopeful entrepreneur, new start-ups and small businesses need not apply. This book explains the difference between venture capital, private equity, and debt capital. Entrepreneurs need to know what equity capital is. This book goes further and explains what the different capital does and what kinds of investors are. The book also explains the difference between debt capital and equity capital. Furthermore, you will also need to know about angel investors and institutional investors as well as venture capitalists. Where Does Venture Capital Come From Venture Capital is a form of investment that is great for some and very bad for others. If you need investment capital, you should read this book to find out a little bit more about what venture capital is and how it works. Types of Venture Capital Funding Venture capital funds are pooled investment funds that manage the money of investors who seek private equity stakes in startups and small- to medium-sized enterprises with strong growth potential. This book explains the different type of venture Capital funding that you might need to choose among. Alternative Financing Vs. Venture Capital: Which Option Is Best for Boosting Working Capital? It is not uncommon for business owners suffering through cash flow crunches to determine that bringing on an equity partner or investor, such as a venture capitalist or angel investor, will solve all their problems. Unfortunately, many businesses have failed due to this kind of thinking. Raising Money - Venture Capital Vs Angels Investment For many private and public companies raising funds is essential to get over the hump and on the road to revenues and eventual profits. There are several things companies can do to increase their chances of successfully raising money on favorable terms. Managing a Young and Growing Business Venture A young business is characterized as being a "venture" and entrepreneurial" in nature. To take a viable venture and make it a growing concern, the entrepreneur must employ effective management strategies. Business Check Ups - Under the Hood Checkup For Starting A New Business There are basics one should engage in before beginning a new enterprise. Too often it's: Fire, Ready, Aim! A few simple business checkups will bring sense and order to the process. The book includes many examples, as well as negotiation tips for both entrepreneurs and investors. The result is an extremely practical guide to venture capital deals, which will be invaluable to anyone involved in venture capital transactions - investors, entrepreneurs and advisors. For insightful alternate views on what makes a successful venture capital, Buy A Copy Now.