Venture Capital&Finance of Innovation 2th




  This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information.


内容推荐
　　In Andrew Metrick’s Venture Capital and the Finance of Innovation, future and current venture capitalists will find a useful guide to the principles of finance and the financial models that underlie venture capital decisions. Assuming no knowledge beyond concepts covered in first-year MBA course, the book will familiarize you with:
　　The relationship between risk and return in venture capital
　　Historical statistics on the performance of venture capital investments
　　Total Valuation - the data and methods used to value a high-growth company
　　Partial Valuation – how to analyze the special features of VC transactions such as convertible preferred stock, participating preferred stock, payment-in-kind dividends, and liquidation preferences
　　A framework for modeling investment in "research and development"
　　The relationship between strategy and finance
　　Cutting-edge techniques such as Monte-Carlo analysis, 　　real options, binomial trees, and game theory

作者简介
Andrew Metrick is an Associate Professor of Finance at the Wharton School of the University of Pennsylvania, where he teaches Venture Capital and the Finance of Innovation. Dr. Metrick received a BA in Economics and Mathematics from Yale and a Ph.D. in Ec

目录
PREFACE—A READER’S GUIDE
ACKNOWLEDGMENTS
CONTENTS
PART I: VC BASICS
　CHAPTER 1: THE VC INDUSTRY
　CHAPTER 2: VC PLAYERS
　CHAPTER 3: VC RETURNS
　CHAPTER 4: THE COST OF VENTURE CAPITAL
　CHAPTER 5: THE BEST VCs
　CHAPTER 6: VC AROUND THE WORLD
PART II: TOTAL VALUATION
　CHAPTER 7: THE ANALYSIS OF VC INVESTMENTS
　CHAPTER 8: TERM SHEETS
　CHAPTER 9: PREFERRED STOCK
　CHAPTER 10: THE VC METHOD