The high-technology and biotechnology industries have experienced tremendous growth over the past two decades, fueled by investors eager to reap the large financial rewards these industries can provide. More recently, however, enthusiasm over these potential high returns is often tempered by reluctance to invest in innovative products and services whose research and development costs continue to rise and whose market value is still unproven. Technology companies find it difficult to obtain funding from a financial community that views such investment as alternately attractive and high risk.
Financing Technology's Frontier explores what it takes to finance companies at the cutting edge of technological innovation. In a concise and practical presentation, this book focuses on the technical issues surrounding financing for high-tech and biotech ventures, addressing those directly involved in the investment process: investors, financial and business advisors, and technology-based companies themselves.
Featuring numerous examples and case studies and including a wealth of financing information from a variety of sources, author Richard Shanley presents the point of view of investment bankers and venture capitalists, while also explaining the inner workings of the high-tech and biotech industries to investors. He draws on the real-world expertise of a group of directors and partners from well-known venture capital and investment banking firms, as well as several CEOs of successful technology companies.
Mr. Shanley describes business models that encourage investment, examines objectives and criteria used by investors when considering investing in a company, and suggests ways to find the right investor for a given company. He details a wide range of financial strategies -public and private, mainstream and alternative, and corporate partnerships, as well as tax planning strategies for cash conservation.
Financing Technology's Frontier equips investors and investment analysts with powerful decision-making tools, makes business and financial advisors aware of financing information crucial to their clients, and allows entrepreneurs, CEOs, and CFOs of high-tech and biotech companies to learn from the successes or setbacks of companies featured in the case studies. It is an important reference for anyone interested in the future of these rapidly evolving technology industries.
Financing strategies for companies at the cutting edge of technological innovation
The first book to fully explore what it takes to raise money for high-tech and biotech ventures in a volatile financial environment, Financing Technology's Frontier answers the most frequently asked questions concerning the investment process. Addressing investors, business and financial advisors, and entrepreneurs, this book provides information that is crucial to the success of any high-tech or biotech investment, including:
* How to obtain financing for increasingly expensive research and development, and how to stay afloat financially before commercializing a product
* What criteria venture capitalists and investment bankers employ when considering financing a company
* What makes a good match between investor and investment
* How to make the best investment decision for groundbreaking products or services with no track record in the marketplace
* And much more
Financing Technology's Frontier explores what it takes to finance companies at the cutting edge of technological innovation. In a concise and practical presentation, this book focuses on the technical issues surrounding financing for high-tech and biotech ventures, addressing those directly involved in the investment process: investors, financial and business advisors, and technology-based companies themselves.
Featuring numerous examples and case studies and including a wealth of financing information from a variety of sources, author Richard Shanley presents the point of view of investment bankers and venture capitalists, while also explaining the inner workings of the high-tech and biotech industries to investors. He draws on the real-world expertise of a group of directors and partners from well-known venture capital and investment banking firms, as well as several CEOs of successful technology companies.
Mr. Shanley describes business models that encourage investment, examines objectives and criteria used by investors when considering investing in a company, and suggests ways to find the right investor for a given company. He details a wide range of financial strategies -public and private, mainstream and alternative, and corporate partnerships, as well as tax planning strategies for cash conservation.
Financing Technology's Frontier equips investors and investment analysts with powerful decision-making tools, makes business and financial advisors aware of financing information crucial to their clients, and allows entrepreneurs, CEOs, and CFOs of high-tech and biotech companies to learn from the successes or setbacks of companies featured in the case studies. It is an important reference for anyone interested in the future of these rapidly evolving technology industries.
Financing strategies for companies at the cutting edge of technological innovation
The first book to fully explore what it takes to raise money for high-tech and biotech ventures in a volatile financial environment, Financing Technology's Frontier answers the most frequently asked questions concerning the investment process. Addressing investors, business and financial advisors, and entrepreneurs, this book provides information that is crucial to the success of any high-tech or biotech investment, including:
* How to obtain financing for increasingly expensive research and development, and how to stay afloat financially before commercializing a product
* What criteria venture capitalists and investment bankers employ when considering financing a company
* What makes a good match between investor and investment
* How to make the best investment decision for groundbreaking products or services with no track record in the marketplace
* And much more
