Angel Financing for Entrepreneurs: Early-Stage Funding for Long-Term Success (Hardcover)

~ (Author)
Key Phrases: preferred stock, liquidation preference, entering due diligence, Common Stock, United States, The Investment Process (more...)

Editorial Reviews

Review

“If only the entrepreneurs pitching my Dinner Clubs and others in our alliance of angel groups had had this wonderful guide to the murky world of angel investing when they approached us! Clear, concise, chockfull of facts and contacts, a great resource!”--John May, chair, Angel Capital Association; manager, Active Angel Investors; and author of Every Business Needs an Angel

 

 

“Susan Preston is the entrepreneur’s best friend.  She has an incredibly sharp intellect, added to by her years of experience in angel investing, business, and the law.  Sue possesses that rare combination of great knowledge and down-to-earth practicality, and smart entrepreneurs will pay close attention to her teaching and her advice.”--Susan P. Strommer, president and CEO, National Association of Seed and Venture Funds

 

 

“Entrepreneurs and angels alike will generate a strong return on their investment of time in reading this complete primer on seeding a venture for success. Susan Preston is an expert on angel investing and entrepreneurship, and it shows in this lucid survey of everything an angel or entrepreneur needs to know when seeding a venture.”--Ian Patrick Sobieski, managing director, Band of Angels and Band of Angels Fund, LP

 

 

  “This is the BEST book I’ve seen to help both entrepreneurs and investors with invaluable advice on how to be successful in this marvelous free-enterprise system of ours.   Susan speaks from first-hand knowledge and experience and is a top expert in this field with practical, insider tips you won’t find anywhere else.”--Bob Geras, president, LaSalle Investments with 40-plus years of experience as an angel investor and venture capitalist

 

 

“An invaluable resource for both angels and entrepreneurs.  Susan Preston puts it all together in one easy-to-read, well-organized, and practical book.”--Susannah Malarkey, executive director, Alliance of Angels and the Technology Alliance

 

Product Description

Angel Financing for Entrepreneurs will give you the information you need to understand how angel investors think, as well as how to identify investor expectations, understand the investment analysis process, and prepare for post-investment requirements. Written by Susan Preston, an experienced angel investor, worldwide speaker and consultant on angel financing, and former Kauffman Foundation Entrepreneur-in-Residence, this hands-on resource, explains the factors that determine how private equity investors spend their money and what they expect from entrepreneurs. For example:

• Most venture capitalists do not invest in seed or start-up financing rounds
• Investors typically require seasoned management, with successful start-up experience
• Investors are looking for entrepreneurs with passion for their ideas and the willingness to take and apply sound advice
• Business plans must be well-written with detailed financial projections that extend 3–5 years
• Investors are looking for a clear path to profitability in the business model
• Entrepreneurs must have developed a corporate structure that is clean and uncomplicated
• And much more

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Product Details

• Hardcover: 384 pages
• Publisher: Jossey-Bass (March 23, 2007)
• Language: English
• ISBN-10: 0787987506
• ISBN-13: 978-0787987503
• Product Dimensions: 9.1 x 6.2 x 1.4 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (6 customer reviews)
• Amazon.com Sales Rank: #28,964 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

10 of 10 people found the following review helpful:

5.0 out of 5 stars A great resource..., May 1, 2007

By	Jeffrey L. Stinson - See all my reviews (REAL NAME)

I just completed "Angel Financing for Entrepreneurs" and found it to be exceptionally informative. I manage an angel investment group, and this book conveys exactly the information I would like entrepreneurs to know before approaching our group for investment. The presentation of and explanatory comments regarding a preferred stock term sheet (a staple in our industry) were ecxellent, as were the discussions of determining your capital requirements and preparing for presentations with investors. It's a great balance of technical information with solid, down-to-earth advice on raising money. It should give readers a great advantage prior to launching what for some is the daunting process of raising capital for an early-stage company.

13 of 14 people found the following review helpful:

3.0 out of 5 stars A lot and not, April 19, 2007

By	Lynn E. Eichler (South Dakota) - See all my reviews (REAL NAME)

I purchased this book with great expectations. I wanted more information on structuring deals and term sheets. This book has 375 pages, but glossary and contact information take up almost half. Most of the information in this book is general - I can find most with a simple search on the internet. There are a few great hints and key points that angel investors would look at. It's a hard cover book, but the information that is useful could of been put in a small paperback at a much lower price. Good book for someone who knows nothing about angel investors, but lacks real substance for serious entrepreneurs.

9 of 10 people found the following review helpful:

4.0 out of 5 stars Well worth the $30 I paid,, July 23, 2007

By	K. W. Landry (US) - See all my reviews (REAL NAME)

And I'm only in the 3rd chapter. I'll agree I was disheartened when I realized at least half the book is an appendix and the first chapter is a bit repetitive, but....., the information that follows is well worth the $30 I paid. A little more work and $50 for the book would only raise an eyebrow or two. If you expect to get $1,000 worth of reference material or a bible for an industry insider, well...., forget it. If you're really on the fence considering it, buy it second-hand at $15, don't buy coffee for a month and I'll guarantee you'll be well ahead of the game. Is it for someone with previous experience in Angel Investing? No, go write your own book if you have that experience. Is it useful for the price and its' stated intent? No question. There's obvious experience being laid out in the book and that's worth thousands more than any price I've seen asked for the book.
Just my 2 cents, go to get back to that next chapter now...