Financing Your Business with Venture Capital: Strategies to Grow Your Enterprise with Outside Investors [Hardcover]

Frederick D. Lipman (Author)

Book Description

Publication Date: October 28, 1998

You've made the strategic decision: The time is right to grow your business. But where do you go for the financing to fuel that growth? More important, what do you have to give up to acquire that financing? Financing Your Business with Venture Capital is every entrepreneur's road map to the intricate world of outside capital. Inside you'll find expert advice on everything from valuing your business to determining the strengths and weaknesses of different sources of financing. In an easy-to-understand, step-by-step approach, venture capital expert Frederick Lipman details all of the options available to you so that you can decide wisely the best strategy for your business. In addition, he gives you everything you need to know about:

• Acquiring capital from professionally managed venture firms and investment bankers
• Keeping control of your business
• Valuing your business
• Negotiating venture capital investments
• Using "junk-bond" financing
• Attracting seed capital from angel investors
• Obtaining IPO underwriters
• Creating a "nest egg"
• Conducting a "roll-up"
• And much more!


Also included are invaluable resources such as a sample venture capital agreement, sample term sheets for venture capital and investment banking transactions, and special information on Canadian funds. In addition, you'll find the names and addresses of equity financing firms that are ready to do business with you.


Financing Your Business with Venture Capital is your key to business growth.



"An excellent primer for entrepreneurs who plan to seek capital to fund their businesses . . . takes the mystery out of the capital raising process."

—Dan Raynor, general partner, Argentum Company, Inc.


"Full of insights that only people with extensive first hand experience can offer . . . valuable reading for anyone who wants to acquire a good understanding of the process."

—Alain Chetrit, CEO, First Regional TeleCOM


"This easy-to-read book covers the essential basics for anyone who is interested in raising funds for entrepreneurial ventures."

—Ian McMillan, professor of Entrepreneurial Studies, Wharton School of Business, University of Pennsylvania, Philadelphia

Editorial Reviews

Review

Your Guide to Venture Capital

From the Inside Flap

You've made the strategic decision: The time is right to grow your business. But where do you go for the financing to fuel that growth? More important, what do you have to give up to acquire that financing? Financing Your Business with Venture Capital is every entrepreneur's road map to the intricate world of outside capital. Inside you'll find expert advice on everything from valuing your business to determining the strengths and weaknesses of different sources of financing. In an easy-to-understand, step-by-step approach, venture capital expert Frederick Lipman details all of the options available to you so that you can decide wisely the best strategy for your business. In addition, he gives you everything you need to know about:

? Acquiring capital from professionally managed venture firms and investment bankers
? Keeping control of your business
? Valuing your business
? Negotiating venture capital investments
? Using "junk-bond" financing
? Attracting seed capital from angel investors
? Obtaining IPO underwriters
? Creating a "nest egg"
? Conducting a "roll-up"
? And much more!


Also included are invaluable resources such as a sample venture capital agreement, sample term sheets for venture capital and investment banking transactions, and special information on Canadian funds. In addition, you'll find the names and addresses of equity financing firms that are ready to do business with you.


Financing Your Business with Venture Capital is your key to business growth.



"An excellent primer for entrepreneurs who plan to seek capital to fund their businesses . . . takes the mystery out of the capital raising process."

?Dan Raynor, general partner, Argentum Company, Inc.


"Full of insights that only people with extensive first hand experience can offer . . . valuable reading for anyone who wants to acquire a good understanding of the process."

?Alain Chetrit, CEO, First Regional TeleCOM


"This easy-to-read book covers the essential basics for anyone who is interested in raising funds for entrepreneurial ventures."

?Ian McMillan, professor of Entrepreneurial Studies, Wharton School of Business, University of Pennsylvania, Philadelphia

See all Editorial Reviews

Product Details

• Hardcover: 384 pages
• Publisher: Prima Lifestyles; 1st edition (October 28, 1998)
• Language: English
• ISBN-10: 0761514600
• ISBN-13: 978-0761514602
• Product Dimensions: 8.6 x 5.8 x 1.3 inches
• Shipping Weight: 1.3 pounds
• Average Customer Review: 3.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #2,419,805 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

15 of 15 people found the following review helpful:

3.0 out of 5 stars Start Elsewhere, April 27, 1999

By A Customer

This review is from: Financing Your Business with Venture Capital: Strategies to Grow Your Enterprise with Outside Investors (Hardcover)

This seems to be a bunch of lecture notes for a Venture Capital course masquerading as a book. Like lecture notes, the material presented is spotty and uneven, but interspersed with enough factoids to keep the reader interested. As a text, it would have benefited from an outline and a good editor. About 45% of its 368 pages are appendices (course handouts) of sample contracts. If this is your first venture into venture capital, find the course text or read something like Linda Chandler's Winning Strategies for Capital Formation. Then read this to add some depth.

4 of 4 people found the following review helpful:

2.0 out of 5 stars So So for Beginners -- Terrible if you have read other books, March 9, 2001

By 

John Grounds "sirjohnathon" (Chicago, IL United States) - See all my reviews
(REAL NAME)   

This review is from: Financing Your Business with Venture Capital: Strategies to Grow Your Enterprise with Outside Investors (Hardcover)

This book is good if you are looking for a somewhat decent introduction to terminology and processes. However, I think you will find other books a far better investment in your time. I would say this is a high school level course in VC.

I question some of the motives of the author through the book. At one point he says that the best way to meet a VC is to have an introduction by a broker. In my experience taking three companies through VC, I have found this is the absolute worse way of dealing with them. All of my friends who are partners at Chicago based VC firms say they would rather the entrepreneur come directly to them. You can tell the author is an attorney, because his advice is to use an attorney to find Venture Capital. Also, the author touts the fact he is a lecturer at Wharton. Lecturer and Professor are worlds apart. It isn't that hard to get an invitation to speak at a business school, so I don't put much weight on his using this as a claim to fame.

This book is good for terminology, but not good for advice. My recommendation is that you do not follow the guidelines here, only use the book as an introduction to terminology.

If you want a real book on advice, listen to someone that has taken a company through the process. Get Rob Ryan's book "Entrepreneur America". You will find it is a much better investment of time and money.

3 of 5 people found the following review helpful:

4.0 out of 5 stars Good for beginner, June 9, 1999

By A Customer

This review is from: Financing Your Business with Venture Capital: Strategies to Grow Your Enterprise with Outside Investors (Hardcover)

You will find the quite difficult to follow, but it is interesting to read and you will find new information on each page if VC is stranger to you.