Early Exits: Exit Strategies for Entrepreneurs and Angel Investors (But Maybe Not Venture Capitalists) [Paperback]

Basil Peters (Author), Linda Irvine (Editor)

Book Description

Publication Date: March 2009

Exits are the least understood part of investing and entrepreneurship. Very little has been written about exits - the emphasis is usually on starting, financing and growing technology companies. Most of the earlier books on exit strategies were written for business owners who wanted to retire. More recently, there have been a number of books written about exit transactions for venture capitalists. This is not surprising considering that most venture capital (VC) agreements give the VCs all of the control in deciding when and how all shareholders benefit from an exit transaction. This book is about the large number of other exits - the ones that are not driven by the VCs. Exit opportunities have changed dramatically in the past few years. Today, it's more likely that a company will be sold without ever having an investment from a venture capitalist. Exits are also happening much earlier than before. The largest number of exit transactions today are in the under $30-million valuation range. These exits are often completed when companies are only two or three years from startup. The goal of this book is to help entrepreneurs and angel investors have more successful, more frequent and more profitable exits.

Editorial Reviews

Review

Times have changed. VCs now invest $10s of millions in each new venture looking for home runs over a long investment cycle. Unfortunately, singles and doubles provide inadequate returns for huge VC firms, so VCs press for big winners at the risk of losing everything. Dr. Peters has a compelling new strategy for entrepreneurs and angels: Improve your odds of lucrative returns using only angel money and focusing intensely from the outset on seeking Early Exits. --Bill Payne, Angel Investor and Winner of the 2009 Hans Severiens Award

Early Exits is a 'must-read' book for serious entrepreneurs and individual investors. It is the only book that I have seen in 12 years that focuses exclusively on Exit Strategies. An invaluable resource with a detailed contents section, it is easy to read with plain language, not too much jargon and good case study examples. READ IT. --Bob Chaworth-Musters, founder of the Angel Forum - Vancouver

Basil has provided a wonderful service to the angel community by writing the best book on exits. All will benefit from his wisdom and the experiences he shares. --John O. Huston, Founder, The Ohio TechAngels - Columbus

About the Author

Dr. Basil Peters is the Fund Manager for Fundamental Technologies II - an angel investment fund (seed stage venture fund). He also founded a venture capital firm and a hedge fund and has been a CEO in Vancouver and Silicon Valley. Basil is an active, early-stage, technology investor and writes a blog on best practices for entrepreneurs and angel investors at AngelBlog.net. He has a Ph.D. from the University of British Columbia in Electrical and Computer Engineering and has received the Entrepreneur of the Year Award; the Entrepreneurship Silver Award; the BC Science and Engineering Gold Medal; and the Business Leader of the Year Award. More on Basil at BasilPeters.com.

Product Details

• Paperback: 195 pages
• Publisher: MeteorBytes Data Management Corp.; 1 edition (March 2009)
• Language: English
• ISBN-10: 0981185517
• ISBN-13: 978-0981185514
• Product Dimensions: 8.9 x 5.9 x 0.6 inches
• Shipping Weight: 12.8 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #355,332 in Books (See Top 100 in Books)

More About the Author

Basil Peters is an angel investor with a passion for exit transactions. After being an investor for a couple of decades he finally realized that successful investing requires two things: making the right investment decisions and getting your money back. The most fun Basil's had as an entrepreneur, and an investor, are when companies are successfully sold.

Dr. Peters is the principal of Strategic Exits Corp and fund manager for Fundamental Technologies II - an angel fund (seed stage venture fund). He also founded a venture capital firm and a hedge fund, and has been a CEO in Vancouver and Silicon Valley.

Basil writes a blog on best practices for entrepreneurs and angel investors at http://www.AngelBlog.net

He just published his first book: Early Exits - Exit Strategies for Entrepreneurs and Angel Investors (But Maybe Not Venture Capitalists).

Basil is an Entrepreneur in Residence at Simon Fraser University where he helps students and faculty spin-off research into promising technology companies.

He has a Ph.D. from the University of British Columbia in Electrical and Computer Engineering and has received the Entrepreneur of the Year Award, Canada Awards Silver Medal in Entrepreneurship, BC Science and Engineering Gold Medal and Business Leader of the Year Award.

For more: http://www.BasilPeters.com