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Klappentext 40 leading venture capitalists come together to teach entrepreneurs how to succeed with their startup The Entrepreneurial Bible to Venture Capital is packed with invaluable advice about how to raise angel and venture capital funding, how to build value in a startup, and how to exit a company with maximum value for both founders and investors. It guides entrepreneurs through every step in an entrepreneurial venture from the legalities of raising initial capital to knowing when to change tactics. Andrew Romans is the co-founder and general partner of Rubicon Venture Capital, a venture capital fund that invests in privately held technology companies and enables its investors to co-invest along side the fund on a deal-by-deal basis via innovative sidecar funds right up to IPO or M&A exit. Zusammenfassung Offers advice about how to raise angel and venture capital funding! how to build value in a startup! and how to exit a company with maximum value for both founders and investors. This book guides entrepreneurs through every step in an entrepreneurial venture from the legalities of raising initial capital to knowing when to change tactics. Inhaltsverzeichnis List of Contributors and Interviewees xi Foreword by André Jaeggi xiii Introduction 1 1 Start Me Up! 3 Why Now Is a Great Time to Start a Company, Be a Venture Capitalist, Be an Angel Investor, or Invest in a VC Fund 3 BranchOut: The Textbook Case Study for Superb Angel Advisory Round and VC Funding 7 Add Angel Dignitaries to Your Series A VC Round 10 Why Entrepreneurship Is Becoming Increasingly Important and Why Angel Investing and Venture Capital Are Here to Stay 11 Getting Started 12 We've Got to Start a Company 13 When to Start Up? 14 2 Angels, Mortals, and Super Angels 17 The "Startup Cambrian Explosion" 18 Ron Conway, Super Angel 20 Accelerators 22 Tech Stars and the Rise of Accelerators 24 Online Funding Resources 28 Crowdfunding: Everything You Always Wanted to Know but Were Afraid to Ask 28 Practical Ideas and Advice on Raising Angel Funding 35 How to Recruit and Negotiate with Advisors 37 Convertible Note Versus Priced Round 37 Valuation Ranges for Pre-Money Caps on Seed-StageConvertible Note Financings 40 Don't Raise Angel Funding at Too High a Valuation 41 Raising Angel Funding 41 Steve Jobs Rated by His VC 43 The Team Means Everything 44 A Balanced Team 44 Recruit a First-Class Team Contingent upon Funding 51 Choose Your Investors Wisely 52 Building Blocks of Pre-Money Valuations 53 Pitch Lawyers before Pitching Angels 53 Legal Fees for Startups: Fixed Pricing 55 Legal Factors to Consider When Choosing an Angel Investor 56 Smart Angels Flock Together 57 Pledge Funds 58 The Importance and Art of Networking 58 Never Turn Down a Smart Strategic Investor 59 3 How Venture Capital Works 61 Understanding VC Titles 66 To the Victor the Spoils 67 The Stock Market and Venture Capital 69 Where Do VCs Get Their Money? 69 Why Are VCs So Arrogant? 71 Old School Venture Capital: Pitch Johnson on the Early Days of Silicon Valley 72 Romans Five Forces Venture Model: Incentives Are Not Aligned 77 Corporate VCs 79 Family Offices 80 The Difference between Venture Capital and Private Equity 81 A Perspective on the Difference between VC and PE 83 What About Venture Debt? 85 This Is Not Your Mother's Venture Debt 86 Pick the Right Partner the First Time 89 Questions You Should Ask Your Venture Debt Partner 90 Venture Debt Terminology and Term Sheets Revealed 91 Why Venture Debt Is an Attractive Asset Class 95 Fund of Funds 96 More Than Matchmakers Between GPs and End Investors 97 4 What to Bring to the Dog and Pony Show! 103 Business Plans 103 Executive Summary 105 Investor Slide Deck 105 Financial Model 106 Charact...
