Venture Capital and the Finance of Innovation
Published on 10. October 2006
Book
Hardback
592 pages
978-0-470-07428-2 (ISBN)
Description
While Venture Capital is not the golden egg that it was a decade ago, there is compelling evidence that the best Venture Capitalist's consistently beat the odds and deliver value to their inventors. This book uncovers the basic financial models that drive Venture Capital decisions and in the process deepen the readers understanding of the financial principles underpinning these models. Beginning with a comprehensive guide to understanding Venture Capital, Metrick uses this background to present an understanding of the application of Valuation. Included are comprehensive coverage and understanding of Total Valuation, Partial Valuation, and the Finance of Innovation.
Reviews / Votes
"Despite the increasing importance of the venture capital industry, until now there was no reference that could provide practitioners with a specialized grounding in finance. With clear explanations and practical models, Metrick's book can fill this gap. I enthusiastically recommend this book to all venture capitalists." -Ted Schlein, Partner, Kleiner Perkins Caufied & ByersMore details
Language
English
Place of publication
Chichester
United Kingdom
Publishing group
John Wiley and Sons Ltd
Target group
Professional and scholarly
Illustrations
Illustrations
Dimensions
Height: 237 mm
Width: 164 mm
Thickness: 25 mm
Weight
788 gr
ISBN-13
978-0-470-07428-2 (9780470074282)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Andrew Metrick
Venture Capital and the Finance of Innovation
Book
11/2010
2nd Edition
Wiley
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Person
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 Economics from Harvard. Dr. Metrick has received numerous teaching awards and distinctions, including recognition by BusinessWeek as one of the best teachers at Wharton.
Content
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. CHAPTER 11: DISCOUNTED-CASH-FLOW ANALYSIS OF GROWTH COMPANIES. CHAPTER 12: COMPARABLES ANALYSIS. PART III: PARTIAL VALUATION. CHAPTER 13: OPTION PRICING. CHAPTER 14: THE VALUATION OF PREFERRED STOCK. CHAPTER 15: LATER-ROUND INVESTMENTS. CHAPTER 16: PARTICIPATING CONVERTIBLE PREFERRED STOCK. CHAPTER 17: IMPLIED VALUATION. CHAPTER 18: COMPLEX STRUCTURES. PART IV: THE FINANCE OF INNOVATION. CHAPTER 19: R&D FINANCE. CHAPTER 20: MONTE CARLO SIMULATION. CHAPTER 21: REAL OPTIONS. CHAPTER 22 BINOMIAL TREES. CHAPTER 23 GAME THEORY. CHAPTER 24 R&D VALUATION. APPENDIX A INFORMATION SOURCES FOR VENTURE CAPITAL. APPENDIX B SAMPLE TERM SHEET. APPENDIX C THE VCFI SPREADSHEETS. APPENDIX D GUIDE TO CRYSTAL BALL. GLOSSARY. INDEX.