Entrepreneurial Finance [Hardcover]

J. Chris Leach (Author), Ronald W. Melicher (Author)

Book Description

ISBN-10: 0324561253 | ISBN-13: 978-0324561258 | Publication Date: April 2, 2008 | Edition: 3

ENTREPRENEURIAL FINANCE, 3rd Edition applies tools and techniques of corporate finance to the entrepreneurial venture. It closely follows a "life cycle of the firm" approach in a very accessible and student-friendly manner. The text introduces the theories, knowledge, and financial tools needed by an entrepreneur in starting, building, and harvesting a successful venture. Leach and Melicher focus on sound financial management practices, how and where to obtain the financial capital necessary to run and grow the venture, and how and when to interact with the financial institutions and regulatory agencies central to financing ventures as they grow and ultimately look for liquidity for their investors.

Editorial Reviews

Review

"I have a strong preference for your text. You have better examples and cover more relevant content."

"I like content; I like the finance involved and I like valuation which is so necessary for this class." --This text refers to an alternate Hardcover edition.

About the Author

J. Chris Leach is professor of finance and former division chair of finance at the Leeds School of Business, University of Colorado at Boulder. He received a finance Ph.D. from Cornell University, and taught at the Wharton School, Carnegie Mellon and the Indian School of Business. His teaching experience includes courses for undergraduates, MBAs and executives. He has been recognized as Graduate Professor of the Year and has received an award for MBA Teaching Excellence. His research on a variety of topics has been published in THE REVIEW OF FINANCIAL STUDIES, THE JOURNAL OF BUSINESS and THE JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, among others. Leach's business background includes various startups dating back to late junior high in the 1970's. More recently, he was the chairman of a New Mexico startup, and, as an investor and advisor, participated in a late 1990's Silicon Valley startup that subsequently was merged into a public company. His consulting activities include business plan advising, valuation and deal structure for early stage and small businesses.

Ronald W. Melicher is professor of finance and chair of the finance division at the Leeds School of Business at the University of Colorado at Boulder. He holds undergraduate, MBA, and DBA degrees from Washington University in St. Louis, Missouri. He has been the recipient of several distinguished teaching awards and was designated as a university-wide President's Teaching Scholar. Melicher also has held the William H. Baughn Distinguished Scholar faculty position. He teaches entrepreneurial finance topics and venture valuation methods to undergraduate and MBA students, and teaches in executive MBA and executive education programs. He has assisted development-stage ventures in formalizing their business plans and has been involved in valuing early-stage firms. Melicher's service to the finance profession includes having served as vice president-program and president of the Financial Management Association. He has published articles in the JOURNAL OF FINANCE, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, and FINANCIAL MANAGEMENT. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 717 pages
• Publisher: South-Western College Pub; 3 edition (April 2, 2008)
• Language: English
• ISBN-10: 0324561253
• ISBN-13: 978-0324561258
• Product Dimensions: 10 x 8.2 x 1.3 inches
• Shipping Weight: 3.2 pounds (View shipping rates and policies)
• Average Customer Review: 2.6 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #368,113 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

3.0 out of 5 stars Entrepreneurial Finance, November 3, 2006

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C. Weathers "neverending student" (USA) - See all my reviews
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This review is from: Entrepreneurial Finance (Hardcover)

It had good information, but some of the concepts weren't thoroughly explained. The terminology used isn't consistent with accounting terminology, so it makes it difficult to keep things straight (considering both finance and accounting cover a lot of the same ground for similar reasons). It's definitely more appropriate for more advanced levels of finance, but not so much for a finance introduction.

1 of 1 people found the following review helpful:

2.0 out of 5 stars Better Finance Books Available, March 11, 2010

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D. Banton "djb" (Chicago, IL) - See all my reviews
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This review is from: Entrepreneurial Finance (Hardcover)

I used this book for an MBA class and it was very well written but the assignments were very difficult in some chapters. In early chapters, the book gives great details on how to calculate problems. However, in some of the more difficult chapters, there aren't enough detailed examples given in order to complete the homework assignments at the end of the chapter.

I thought the text could be better if it showed you how to use excel to set up some of these problems. It only did this in one chapter. Excel is becoming very prevalent in finance and accounting, so these new edition textbooks need to give more examples by utilizing this tool.

Overall, I think the book gives a good foundation on how to fund a new business venture. If you're reading for pleasure, I think the book can be a good source. However, if your class uses this textbook, then you should be prepared to spend a lot of time on the assignments from the chapters that don't show you how to set up the problems. Otherwise, you're going to need your instructor's assistance or the help from the folks at Google.

3 of 4 people found the following review helpful:

5.0 out of 5 stars Silicon Valley Finance primer, September 4, 2006

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Naftali/Cliff Anderson "Naftali" (Jerusalem) - See all my reviews
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This review is from: Entrepreneurial Finance (Hardcover)

If you are involved in a high-tech startup or you want to run the financial side of such an operation then this easy-to-read textbook makes that job much easier. It is not a regular finance textbook which is designed for firms in which intellectual property is not the prime ingredient. It is for people who need to deal with venture capitalists or screen high-tech startups for financing.

The participants on both sides of high-tech finance, those who start companies and those who would like to fund them need to know how financial projections and valuations should be done and how they should be evaluated. For those who would like to learn how Silicon Valley's real main industry of starting companies happens this is an extremely valuable book to have.

This text still needs to have a bibliography to point readers to some of the specialized texts needed to deal with writing the business plan, intellectual property law and general legal issues. A lot of very usefull ideas are held by people who don't know how to start companies to bring those ideas to market.