Book description
A little book full of enormous value for novices and seasoned venture capitalists alike
After having been thrown for a loop by the bursting of the tech bubble more than a decade ago, the venture capital industry suddenly has come roaring back to life over the past two years. In 2011 alone, more than $7.5 billion in venture capital was invested—representing more than a 19% increase over the previous year—in more than 966 companies. A majority of these companies reside in the life sciences, Internet, and alternative energy sectors.
In today's weak job market, VC is more important than ever, since financing new tech, alternative energy, media, and other small to mid-sized companies is vital to creating new jobs. Written by Lou Gerken, a noted international authority on venture capital and alternative investments, this book tells you everything you need to know about the venture capital industry's important role in enhancing economic growth and employment. It is also the perfect go to primer on making venture capital investments to enhance portfolio returns.
Highly accessible explanations of the ins and outs of venture capital for would-be investors and experienced VCs
Highlights the historical VC track record, and offers expert advice and guidance on venture capital exposure, investment options, sourcing opportunities and due diligence
Provides proven strategies for successful investment selection, timing, monitoring, and exiting for optimum returns
Features endorsements from luminaries of the VC world, including Kleiner Perkins Caufield & Byers co-founder Frank Caulfield, and Dr. Art Laffer, among others
Table of contents
- Cover
- Contents
- Title
- Copyright
- Dedication
- Acknowledgments
- An Introduction to Venture Capital Investing
- Chapter One: An Historic Overview of Venture Capitalism
- Chapter Two: The VC Industry Today
-
Chapter Three: The Value Proposition
- The Multiplier Effect of Venture Capital
- Water, Water Everywhere
- Economy and Jobs Impact
- More Economic Benefits
- Start-Up Business Benefits
- Social Benefit of New Technology and Innovation
- Medical Innovations
- Casual Games
- 3D Printing
- Orbital in Orbit
- Social Media
- Cyborgs
- Future of the Car
- The Cashless Society
- Robodiptera
- Financial Benefits to Investors
- The Power of VC’s Multiplier Effect
- Sowing the Seed
-
Chapter Four: Prevailing Investment Climate
- View of Prevailing Investment Climate
- The Size of Government Debt
- The Deficit
- Simpson-Bowles
- Discretionary Caps
- Federal Health Spending
- Additional Spending Cuts
- Tax Reform
- Accountability
- Give Us Only What We Need
- Changing with the Times
- How Investment Climate Affects Start-Ups and Job Creation
- Why Is Entrepreneurship Still Declining in the United States?
- Policies for a Vibrant VC Sector
- Tax Policy for Long-Term Investments
- A Vibrant Capital Markets System
- Research Funding for America’s Innovation Economy
- Immigration and Workforce Recruiting
- Health Care and Medical Innovation
- Energy and Clean Technology
- Cyber Security and Intellectual Property Protection
- Summary
-
Chapter Five: Field Guide for VC Investing Options—Nonlisted
- Alternative Investments and Venture Capital
- Traditional Stages of Venture Capital Financing
- The Seed Stage
- The Start-Up Stage
- Expansion Stage—Second Round Financing
- Expansion Stage—Third Round Financing
- The Bridge/Pre-Public Stage
- Traditional VC Funds Active in 2012
- The Common Denominator
- Alternatives to Traditional Venture Capital Funds
- Chapter Six: Investment Options—Listed
- Chapter Seven: Investment Process—Sourcing and Screening
-
Chapter Eight: Investment Process—Due Diligence and Selection
- LP Due Diligence of the VC
- Dimensions of a Great GP
- The Truth and Nothing but the Truth
- Getting to the First Close
- The Limited Partnership Agreement (LPA)
- Subscription Agreement
- Best Intentions
- What Do You Have under the Hood?
- Business Plan or Business Model?
- The Stark Reality of the Post-2008 Landscape
- What’s It Worth?
- A Seat at the Table
- The Paperwork
- Final Word
- Chapter Nine: Investment Process—Portfolio Construction, Monitoring, and Monetizing
- Appendix: Resources
- About the Authors
Product information
- Title: The Little Book of Venture Capital Investing: Empowering Economic Growth and Investment Portfolios
- Author(s):
- Release date: January 2014
- Publisher(s): Wiley
- ISBN: 9781118551981
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