Venture Capital and the Finance of Innovation - Tapa dura

In Venture Capital and the Finance of Innovation, Second Edition, future and current venture capitalists will find a useful guide to the principles of finance and the financial models that underlie venture capital decisions. Assuming no knowledge beyond concepts discovered in first-year MBA courses, the book will familiarize you with:

• The relationships between risk and return in venture capital.
• Total Valuation-the data and methods used to value a high-growth company.
• Partial Valuation-how to visualize and evaluate the special features of VC transactions such as convertible preferred stock, participating preferred stock, payment-in-kind dividends, and liquidation preferences.

New to the Second Edition:

• NEW Rankings of the best venture capitalists.
• NEW web-based model (VCVtools.com) allowing easy visualization and valuation so multiple term sheets in a start-up.
• Discussion of challenges facing venture capital in the second decade of the 21st century.