Where to Go When the Bank Says No : Alternatives For Financing Your Business (Hardcover)

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Editorial Reviews

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With corporate mergers continuing unabated and with more and more downsizing, the opportunities clearly lie in launching a new concept, product, or company. But where do we get the start-up monies? Not from banks or other debt-financing schemes, asserts writer-consultant Evanson. The right approaches are angels, IPOs, alternatives to IPOs, and venture capital. And not only does he outline the viewpoints of these lenders, but he also prepares borrowers well for the reality: contacting and selling, valuing a business, and writing a plan. Even numbers-proficient pros will find the explanations easy reading, with charts, lists, and a writing style that ranges from perky to humorous. Lots of true "how we did it" pepper the narrative; lots of lists help analyze pros and cons of different avenues and different presentations. A private equity capital directory, a listing of universities with leading entrepreneurship programs, and an overview of securities laws influencing private and exempt transactions are appended. Barbara Jacobs

Product Description

David Evanson, Entrepreneur magazine columnist and financing adviser to businesses, gives expert advice on how to search for equity capital ($250,000 to $15 million) that fits the needs of small businesses. Covers angel investors, IPOs, alternative public offerings (exempt and direct), and venture capital, and gives advice on valuing a business, presenting financials, and preparingbusiness plans.

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Product Details

• Hardcover: 304 pages
• Publisher: Bloomberg Press; 1st edition (May 1, 1998)
• Language: English
• ISBN-10: 1576600173
• ISBN-13: 978-1576600177
• Product Dimensions: 9.3 x 5.9 x 1.2 inches
• Shipping Weight: 1.3 pounds
• Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #388,717 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

20 of 20 people found the following review helpful:

4.0 out of 5 stars Comprehensive and well-written, December 27, 1998

By	Tushar J. Mehta (Bellevue, WA) - See all my reviews

As a "student" of venture capital and entrepreneurship, I was delighted to discover this book. It was the book's title that first caught my attention. And, I was not disappointed. The author covers the subject of alternate financing in detail; IPOs, angel investors, venture capital, overseas financing and incubators. Often, banks are unwilling and/or incapable of understanding the unique requirements of a budding entrpreneur's financial needs; for example, in the software industry, most entrepreneurs can only offer intellectual property as collateral; this does not fit well with a bank's traditional mode of collateral ("If I cannot see it or touch it, it does not exist"). In this regard, the author offers well-defined chapters on helping borrowers prepare well for the reality (chapters 7, 8 and 9 - Valuing Your Business, Presenting Financials and Preparing Business Plans, respectively). One note of discord - while it is impossible to research and include every single source of information, the author should have included some of the well-established and well-known sources, in the appendices. Glaring omissions in Appendix A include The IndUS Entrepreneurs, a leading VC Club in Silicon Valley; Appendix B should have included the well- established entrepreneurship programs at Stanford University and University of Washington. Finally, I am glad that the book's retail price is below $25 (and often available at a disount); this tremendously benefits entrepreneurs and those individuals researhcing alternate sources of funding, for their business ventures.

5 of 7 people found the following review helpful:

5.0 out of 5 stars Best on the topic, and I have read many., June 24, 1999

By A Customer

I have read a lot of business books and this one gave the best insite into the topic. Very easy to skim and get what you need. If I would have stated with this one I could have saved myself a lot of time.

4 of 10 people found the following review helpful:

5.0 out of 5 stars Touched by an angel, February 7, 2000

By	Mark Hughes "Author, Buzzmarketing: Get Peopl... (Philadelphia) - See all my reviews

Comprehensive, direct, resourceful.

Two thumbs up for anyone looking to start or grow their business.