AE Entrepreneurial Finance 6th Edition (ISBN: 9789814834568)

Description

Guiding students through a complete "life cycle of the firm," ENTREPRENEURIAL FINANCE, 6e, introduces the theories, knowledge, and corporate finance tools and techniques an entrepreneur needs to start, build, and eventually harvest a successful venture. With a strong emphasis on sound financial management practices, the text explores how to secure financing, use business cash flow models, and strategically position the early-stage company. Students also learn how to effectively interact with financial institutions and regulatory agencies that can affect venture growth and enable liquidity for investors. Drawing on real-life entrepreneurial ventures and common financial scenarios, the authors include in-depth capstone cases, mini-cases, and examples that engage students and vividly illustrate such key concepts as venture capital funds, institutional investors, strategic alliances, the role of business angels, licensing agreements, and exit strategies.

Features

• TWO CAPSTONE CASES ENABLE STUDENTS TO SYNTHESIZE ESSENTIAL IDEAS.
• END-OF-CHAPTER MATERIALS PROVIDE WEALTH OF OPPORTUNITIES TO APPLY CONCEPTS.
• ENGAGING, CONVERSATIONAL STYLE MAKES THE TEXT REMARKABLY STUDENT FRIENDLY.
• TIME-SAVING INSTRUCTOR MATERIALS SIMPLIFY CLASS PREPARATION.

Table of Contents

Part 1: THE ENTREPRENEURIAL ENVIRONMENT.

1. Introduction to Finance for Entrepreneurs.

2. Developing the Business Idea.

Part 2: ORGANIZING AND OPERATING THE VENTURE.

3. Organizing and Financing a New Venture.

4. Preparing and Using Financial Statements.

5. Evaluating Operating and Financial Performance.

Part 3: PLANNING FOR THE FUTURE.

6. Managing Cash Flow.

7. Types and Costs of Financial Capital.

8. Securities Law Considerations When Obtaining Venture Financing.

Part 4: CREATING AND RECOGNIZING VENTURE VALUE.

9. Projecting Financial Statements.

10. Valuing Early-Stage Ventures.

11. Venture Capital Valuation Methods.

Part 5: STRUCTURING FINANCING FOR THE GROWING VENTURE.

12. Professional Venture Capital.

13. Other Financing Alternatives.

14. Security Structures and Determining Enterprise Values.

Part 6: EXIT AND TURNAROUND STRATEGIES.

15. Harvesting the Business Venture Investment.

16. Financially Troubled Ventures: Turnaround Opportunities?

Part 7: CAPSTONE CASES.

Case 1. Eco-Products, Inc.

Case 2. Spatial Technology, Inc.