Venture capital fund management : a comprehensive approach to investment practices & the entire operations of a VC firm
- US Aspatore Inc. 2005
- 492 p. 22 cm; Pbk
Cover -- Table of Contents -- Part I -- VIII. Definition of Venture Capital -- Role of VC. VC as a Funding Source -- Characteristics of VC Investments -- The VC Process -- Notes on Terminology -- 2. VC Financing -- Stages of Corporate Development -- Rounds of Financing -- Examples of Financing Rounds -- Staging of Investments -- Skew Effect -- Capitalization Table -- 3. VC Organization -- Fund Company Structure -- Multiple Funds -- Compensation Structure -- Management Company Organization -- Investment Staff -- 4. Raising Funds -- VC Market Cycles -- Placement Agent -- Limited Partners -- Fund Policies & Strategies -- Investor Criteria -- Offering Document -- Road Show -- Fund-Raising by New VCs. Regulatory Requirements -- 5. Limited Partnership Agreement -- Organization of the LPA. Partnership Information -- Capital Commitments -- Compensation -- Covenants & Controls -- Conflicts of Interest -- Disclosure -- Termination -- 6. Deal Sourcing -- What To Look For -- Where To Look -- How To Look -- Non-Disclosure Agreement -- Deal Log -- 7. Deal Screening -- Deal Meeting -- Deal Alert -- Showstoppers -- Proceeding to Due Diligence -- 8. The PDCA Cycle -- Plan Stage -- Do Stage -- Check Stage -- Act Stage -- The Next Cycle -- Advantages of PDCA Approach -- Conclusion of Due Diligence -- 9. Due Diligence of Management -- The PDCA Approach -- The CEO. Integrity -- Entrepreneurship -- Commitment -- Adaptability -- Domain Expertise -- Team Dynamics -- Relationship with the VC. Compensation -- 10. Due Diligence of Marketing & the Market -- Market Need -- Market Potential -- Market Characteristics -- Marketing Strategies -- Market Risks -- 11. Due Diligence of Manufacturing -- Materials -- Production -- Manufacturing Engineering -- Incoming Quality Control -- Quality Assurance -- Research & Development -- Finance & Human Resource -- Plant Tour -- 12. Financial Due Diligence -- Past Performance -- Present Performance -- Future Performance -- Risks -- Returns -- Legal Due Diligence -- Corporate Documents -- 13. Valuation -- Valuation Factors -- Some Valuation Concepts -- Valuation Methods -- Price-Earnings Ratio Method -- The VC Method -- VC Perspectives on. Valuation -- Other Valuation Methods -- Using Scenarios -- Investment Securities -- Types of Securities -- Preferential Rights -- Preferred Dividend -- Liquidation Preference -- Conversion Rights -- Redemption Rights -- Anti-Dilution Rights -- Registration Rights -- Impact on Returns -- 15. Deal Structuring -- Deal Structure Elements -- ...
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Venture capital Small business investment companies - Management