Autore	Bellavitis Cristiano
Pubbl/distr/stampa	New York, New York : , : Business Expert Press, , [2018]
Descrizione fisica	1 online resource (xv, 118 pages) : illustrations
Disciplina	658.15224
Collana	Finance and financial management collection
Soggetto topico	Entrepreneurship Small business - Finance Venture capital
ISBN	1-63157-985-1
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Record Nr.	UNINA-9910795485603321

Autore	Klonowski Darek
Pubbl/distr/stampa	Cham, Switzerland : , : Palgrave Macmillan, , [2022]
Descrizione fisica	1 online resource (295 pages)
Disciplina	658.15224
Soggetto topico	Venture capital Venture capital - Social aspects COVID-19 Pandemic, 2020- - Economic aspects
Soggetto genere / forma	Electronic books.
ISBN	3-030-83387-9
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Intro -- Preface -- The Book's Structure -- The Contribution of This Book -- Future Research -- Acknowledgments -- Contents -- List of Figures -- List of Tables -- Part I Introduction: Venture Capital and Its External Environment in the Age of Covid -- 1 Venture Capital Prior to the Age of COVID -- Venture Capital: Definitions, Characteristics, and Publicity -- Characteristics of Venture Capital -- Venture Capital and Its Contribution to Entrepreneurial Development -- Venture Capital in the Mainstream Media -- Venture Capital and Entrepreneurial Development: Advantages and Disadvantages -- Conflicts Between Venture Capitalists and Entrepreneurs -- Historical Trends in the Venture Capital Industry -- Venture Capital Returns: A Historical Perspective -- Maturation of the Venture Capital Industry -- Summary of Venture Capital in a Pre-COVID Era -- Bibliography -- 2 Political Reactions and SocioEconomic Consequences of COVID: Implications for Venture Capital -- Political Reactions: The COVID-Response -- Lockdowns, Social-Distancing, and Masks -- Social and Human Implications of Restrictions -- Economic Consequences of Political COVID-Response -- Small Business in Crisis -- Socioeconomic Drifts Post COVID-Response: Implications for Venture Capital -- The Impact of Political, Social, and Economic Changes on the Venture Capital Industry -- Bibliography -- Part II The Venture Capital Industry Redefined -- 3 Transformations in the Venture Capital Ecosystem Post COVID-Response -- The General Structure of the Venture Capital Industry -- Re-Characterization of Venture Capital Relationships -- Venture Capitalists and Limited Partners -- Venture Capitalists and Entrepreneurs -- Venture Capitalists' In-House Operations Post COVID-Response -- Venture Capital and Its Relations with Other Stakeholders -- The Venture Capital Industry Re-Imagined. Global Consolidation of General Partners -- Global Pooling of Limited Partners -- The Futuristic Architecture of the Venture Capital Industry -- The Evolution of the Venture Capital Industry and Entrepreneurs -- Bibliography -- 4 Venture Capital Post COVID-Response: External Environmental Scanning and Investment Opportunities -- Undercurrents in the Peripheral Ecosystem -- Changes to Global Industrial Structures -- Alterations to Consumer Behavior -- Digitization of the Human Universe -- Home as the Center of Human Gravity -- Accelerated Deterioration of Physical and Mental Health -- Abolition of the Middle Class in Developed Countries -- The Squeeze of the Middle Class in the United States -- The Economic Distress of the Middle Class in Canada -- The Rise of the Middle Class in Emerging Markets -- Sectoral Orientation of Venture Capital in the Future -- The Future of Venture Capital Investment Opportunities in Specific Segments -- Sources of Venture Capital Transactions Post COVID-Response -- Bibliography -- 5 The Venture Capital Investment Process Redefined -- Disrupted Deal Generation -- Weak Deal Generation Post COVID-Response -- Compromised Deal Screening and Evaluation -- Compromised Due Diligence in Venture Capital -- More Adverse Selection Problems in Venture Capital -- Complexities in Financial Contracting in Venture Capital -- Additional Lopsided Agreements in Venture Capital Contracting -- Substantial Contractual Amendments to Buyout Transactions -- Challenging Value-Addition to Investee Firms -- Difficulties in Working with Portfolio Firms -- Exiting in Venture Capital -- Challenges in Venture Capital Exiting -- Bibliography -- 6 Degeneration of Future Venture Capital Performance -- Fund Formation and Venture Capital Performance -- The Cost of Venture Capital Services -- Carried Interest: Friend or Foe?. Value-Chain Analysis of Venture Capital Performance -- Venture Capital Performance: History and Future -- Another Look at the Historical Performance of Venture Capital -- Longitudinal Impact and Venture Capital Performance in the Future -- Profiling General Partners and Financial Performance -- The Superior Venture Capitalist -- The Inferior Venture Capitalist -- Venture Capital Performance: Conclusions -- Bibliography -- Part III Entrepreneurship Redefined Post Covid-Response -- 7 COVID-Response and Entrepreneurship in Crisis -- Traditional Entrepreneurship Defined -- Entrepreneurship in the Age of Covid-Response -- Re-Evaluation of the Fundamentals for Entrepreneurial Success -- Magnification of Entrepreneurial Risks: The State -- Disruption of Relations in the Entrepreneurial Ecosystem -- Changes to Entrepreneurial Value Creation -- Entrepreneurial Survivability in the Age of COVID-Response -- Conclusions -- Bibliography -- 8 Amplified Challenges in Access to Entrepreneurial Finance in the Age of COVID-Response -- Financial Management of Entrepreneurial Firms Post COVID-Response -- Entrepreneurial Firms and Financial Management Post COVID-Response -- Problems with Access to Finance Post COVID-Response -- Problematic Access to Entrepreneurial Finance -- The Growth of Fintech as an Important Contributor of Entrepreneurial Finance -- Government Assistance Programs Post COVID-Response -- Conclusions: Access to Finance and the Financial Management of Entrepreneurial Firms in the Age of COVID-Response -- Bibliography -- Part VI Conclusions: Venture Capital in the Age of Covid -- 9 Descent or Revival of Venture Capital in the Age of COVID -- Four Pillars of the Global Venture Capital Ecosystem -- The Revival of Venture Capitalism -- Stimulation of the Entrepreneurial Ecosystem -- Possible Enhancements in the GP Market. LPs as the Engine of Change in the Venture Capital Ecosystem -- Assistance from the State for the Venture Capital Ecosystem -- Evidence for the Descent of Venture Capital -- Prolonged State of Entrepreneurial Crisis -- A Spillover Effect of Entrepreneurial Challenges to GPs -- LPs' Continued Dislocation -- Continued Negative Interference from the State -- Revival or Descent of the Industry in the Age of COVID -- The Possibility of Accelerated Evolution Within the Venture Capital Industry -- Venture Capital and Key Numbers -- Bibliography -- Index.
Record Nr.	UNINA-9910523895903321

Autore	Carver Lorenzo <1968->
Edizione	[1st edition]
Pubbl/distr/stampa	Hoboken, NJ, : Wiley, c2012
Descrizione fisica	1 online resource (290 p.)
Disciplina	658.15
Collana	Wiley finance series
Soggetto topico	Venture capital Valuation
ISBN	1-118-18233-2 1-119-20066-0 1-283-40167-3 9786613401670 1-118-18234-0
Classificazione	BUS001000
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Nota di contenuto	Venture Capital Valuation; Contents; Acknowledgments; Introduction What You Don't Know About Valuation Will Cost You Money; Chapter 1 Using Facebook, Twitter, and LinkedIn to Explain VC Valuation Gains and Losses: How VCs, Angels, Founders, and Employees Give Up Investment Cash Flow Every Day; Did Valuation Ignorance Cost ConnectU (and the Winklevosses) 50MM?; An Expert Doesn't Need a 409A Valuation When He or She Has a Certificate and Basic Math; Valuing Facebook's Common Stock Compared to Preferred Stock in Minutes; What the Winklevosses Would Have Seen in Any 409A Valuation Report Deriving a Discount for Lack of Marketability for Valuations Facebook at 80 Billion Valuation versus Enron at 80 Billion Valuation; Deal Terms, Waterfalls, and the Pre-Money Myth; The Pre-Money Myth; Summary; Chapter 2 Should Venture-Backed Companies Even Consider a DCF Model?: Introducing the Life Science Valuation Case: Zogenix; Zogenix: Company Background Summary and Highlights; Leaping Forward Just 20 Months, the Company Files for an IPO; Order of Valuations Presented in This Case; Chapter 3 Valuation Methods versus Allocation Methods Regarding Zogenix Separating Enterprise Value from the Allocation of That Value Valuing Total Equity; Using Future Value (FV) and Present Value (PV) to Value Future Cash Flows Today; Summary; Chapter 4 Applying the Typical DCF Model to a Venture-Backed Company Hardly Ever Works; The Gordon Growth Model; High Growth Limits the Gordon Growth Model; Dividend Irrelevance and Capital Structure Irrelevance; Using Comparables (Generally Market Multiples) to Generate a Terminal Value; Actual Differences between Angels and VCs versus Perceived Differences; Applying Valuation Methods and Allocation Methods at Inception Summary Chapter 5 "Enterprise Value" + "Allocation Methods" = Value Destruction: Undervaluing Companies and Overvaluing Employee Options; Most 409A Valuations Undervalue the Company and Simultaneously Overvalue Employee Stock Options; Did Auditors Drive Valuators to Overvalue Employee Stock Options?; Most 409A Enterprise Value Calculations Ignore the "Takeover" Value of Preferred; The Realistic Range of Possibilities Depends on Who the Investors Are; Overstating Returns and Understating Returns on the Same Asset (Simultaneously) What Happens to Fund IRRs When You Assume Book Value Equals Market Value?The Real Cost of Fair Value, Fair Market Value, and Enterprise Value; Yahoo! Case; Chapter 6 Why You Should D.O.W.T. (Doubt) Venture Capital Returns-Option Pool Reserve; Unissued Option Pools; Value Conclusion Elements Impacted by Option Pool Reserve Assumptions; Impact on Parties Relying on Assumptions of VC Investments; Chapter 7 If Valuation Can't Make You Money, Do You Really Need It?: Learning Practical Applications from Kayak.com; Applying Studies to Real-World Cases; Important Questions to Ask; Summary Chapter 8 Don't Hate the Appraiser (Blame the Auditor Instead)
Record Nr.	UNINA-9910139746703321

Autore	Feld Brad
Edizione	[Third edition.]
Pubbl/distr/stampa	Hoboken, New Jersey : , : Wiley, , 2016
Descrizione fisica	1 online resource (300 pages)
Disciplina	658.15/224
Soggetto topico	Venture capital New business enterprises - Finance
ISBN	1-119-25980-0 1-119-25978-9 1-119-25979-7
Classificazione	BUS000000
Formato	Materiale a stampa
Livello bibliografico	Monografia
Lingua di pubblicazione	eng
Record Nr.	UNINA-9910661317903321