Entrepreneurial Finance:Venture Capital, Deal Structure & Valuation
Author(s): Janet Kiholm Smith and Richard L. Smith
Publisher: Stanford University Press, Year: 2019
Description:
Entrepreneurial Finance: Venture Capital, Deal Structure & Valuation,Second Edition illustrates how the theory and methods of finance and economicscan be used to guide strategic decision-making. This text prepares readers fora variety of situations that confront stakeholders in the rapidly evolvingfields of entrepreneurial finance and venture capital, outlining ways to thinkfrom the investor's and entrepreneur's perspectives. Readers will find a uniqueand direct focus on value creation as the objective of each strategic andfinancial choice. The authors specifically address the influences of risk anduncertainty on new venture success and investment performance, devotingsubstantial attention to methods of financial modeling and contract design.Finally, they provide a comprehensive survey of approaches to new venturevaluation, with an emphasis on applications.

The second edition is thoroughly revised to reflect new data, research, andchanges in practice in this fast-moving field. It has an increased focus onventure capital, while maintaining its hallmark coverage of the financialaspects of entrepreneurship. Updates throughout address technological changesthat have the potential to dramatically change the landscape for finance, suchas recent innovations in contracting for early-stage ventures, artificialintelligence and machine learning, and Internet connectivity. Lastly, the bookoffers a companion website with a useful suite of resources for students andinstructors alike, including spreadsheets, templates, simulation applications,and interactive cases and tutorials.