Angel Financing: How to Find and Invest in Private Equity

Book Description

Your guardian angel has arrived

Capital is the single most important factor to getting your venture off the ground, but finding it can be a challenge, particularly if you're running out of funding options. Suppose your venture is too small for institutional players. What do you do once you've exhausted your personal financial resources? Where do you go after banks, the leasing companies, the venture capital firms, have turned you down? What you need is an "angel"--a private investor with high net worth. Angel Financing--the only book of its kind--provides you with a road map to this valuable, little known, source of capital financing.

Explains the structure of the direct private capital market
* Covers everything from the valuation process to writing an investor-oriented business plan

Gerald A. Benjamin (Sausalito, CA) is a Senior Managing Partner of International Capital Resources (ICR), an investment banking, corporate finance, and capital sourcing firm. He is also publisher of the California Investment Review. Joel Margulis (Mill Valley, CA) is a freelance writer who has published books and articles on a range of business and finance topics.

Customer Reviews:

Solid Information on Raising Capital.......2005-04-16

This book by Gerald Benjamin contains solid information on raising capital for new ventures and young companies. It's a keeper. As someone who has worked on many, many capital raising projects for new emerging growth businesses, I would personally advise you to get this book. The advice is priceless! -- Principal of a Venture Financing Firm

Great Book For Entrepreneurs And Investors.......2003-01-04

I think anyone interested in investing in private companies or anyone who wants to understand the process of angel investing should read "Angel Financing"

Many wealthy investors are turning to financing small businesses due to the huge potential return. Benjamin and Margulis tell us that the angel investor who put $100,000 into Ciena Corporation saw the value of his investment grow into $285 million in three years, when the company went public. Further, knowledgeable business people can enhance the value of their angel investments through their experience, knowledge, and contacts. Unless you're extremely wealthy, this ability to add value to your investments isn't available when you invest in large publicly-traded companies.

Angel investing isn't for everyone. Benjamin and Margulis say angel investors expect about one-third of their investments to fail completely. Further, many bad deals out there must be avoided. So, anyone considering angel investing should have business experience. And, there must be good chemistry between the investor and the entrepreneur.

To help new investors ask the right questions and avoid bad investments, Benjamin and Margulis provide a detailed due diligence questionnaire which will help investors understand what questions they should ask before making an angel investment.

"Angel Financing" is also a good book for entrepreneurs seeking angel financing. It helps entrepreneurs answer the questions: "Is my company financeable? Am I financeable?" And, "Angel Financing" helps entrepreneurs understand the private equity market.

We learn that the average angel investor is 48-59 years old, has a postgraduate degree, has management experience, and, typically, invests between $25,000 and $250,000 per deal. Many angel investors are self-made millionaires with a net worth between $1 million and $10 million dollars. Eighty percent of angels have previously started a company and have small business experience.

Benjamin and Margulis tell us that seeking private investments from people with a net worth below $1 million, or an annual income below $200,000, isn't usually desirable. These people do not possess the discretionary income to make angel investments and are usually not classified as accredited investors. This could create legal problems for the entrepreneur if the investment fails.

Benjamin and Margulis point out that many of the wealthiest families and individuals have their wealth managed by conservative trusts or professional advisors. So, seeking an angel investment from an ultra-rich person may not prove successful, because the trust administrator often kills the deal because of the high risk involved.

Because angel investors don't need to invest, Benjamin and Margulis tell entrepreneurs to be flexible in structuring the deal to meet the investor's needs. Many entrepreneurs do not listen adequately to what potential investors are telling them.

"Angel Financing" contains a good appendix about private placements, discussing such things as exemptions from full securities registration under Rule 504, 505, and 506, although much of this information is also available free from the SEC.

Benjamin and Margulis say that entrepreneurs should expect to budget about 10% to 15% of the amount to be raised as fundraising expenses. We learn that costs of a SCOR offering average about $30,000 nationwide. (SCOR, Small Corporate Offering Registration, allows companies to raise up to $1 million and is highly state-specific. Some states encourage SCOR while other states are more hostile to it.)

Overall, "Angel Financing" is an excellent book for entrepreneurs and angel investors.

Peter Hupalo, Author of "Thinking Like An Entrepreneur"

Get it Right the First Time (do your homework too).......2002-03-03

There are many books in the marketplace that target different types of entrepreneurs with different types of approaches. Respectively, none of them work unless you are starting a mom-and-pop business. Believe me, I've gone through most of them! I have found that they are either based on a mom-and-pop "boilerplate business plan" start-up model or based from outer space, with grand delusions of fantasy by thinking that the start-up will rivet the attention of a venture capital firm or an investment banker. Forget it, those days are gone.

If you are serious about finding and raising private equity for your start-up company, this book will give you plenty of facts, stories and anecdotes. Angel Financing will also give you the methods and processes to get it done properly.

Promote your idea into a practical one. This book is pure common sense. Write a business plan to attract financing. The blueprint for operating your company is the next step. Look around and discover that Gerald Benjamin is a pioneer in this field and his views about how to raise private equity is gaining a foothold and turning heads. Recently, I attended one of his seminars and the people sitting next to me were simply top-caliber entrepreneurs.

There are very few companies that will ever make it to the public equity markets. For example, many large companies such as SAIC (headquartered in San Diego) are employee-owned. Just look at the facts presented in his book and reconsider your options, especially if you would like to retain control of your start-up.

I have one suggestion. Carefully review the how-to-do a business plan material out there. Make sure it is suitable for what you are doing, or you are going to go through many sleepless nights like I did. Read this book, prepare a Business Plan for investors, put together a PowerPoint presentation and "walk the talk."

Good luck!

Get it Right the First Time (do your homework too).......2002-03-03

There are many books in the marketplace that target different types of entrepreneurs with different types of approaches. Respectively, none of them work unless you are starting a mom-and-pop business. Believe me, I've gone through most of them! I have found that they are either based on a fandango "boilerplate business plan" model or written by beings from outer space, with grand delusions that your idea will rivet the attention of a venture capital firm or an investment banker. Forget it, those days are gone.

There is one suggestion. Carefully review all the how-to-do a business plan material out there. Make sure it is suitable for your exact needs

Good luck!

Long winded, but worth a good skim.......2000-09-01

This book could easily have been cut by 100 pages or more without losing any information. The author says the same thing over and over and over and over again, almost as if he was being paid by the page (or trying to justify the high price with a thicker book). I did learn from it, but was annoyed skimming entire sections to simply reread what he's already said five times.

The Handbook of Financing Growth: Strategies and Capital Structure (Wiley Finance)

Average customer rating:

A Worthy Investment
Good Value For Time Invested in reading
Reads like a great novel for the Entrepreneur
Excellence in Grwoing companeis
This handbook should be on every entrepreneur's bookshelf

The Handbook of Financing Growth: Strategies and Capital Structure (Wiley Finance)
Kenneth H. Marks , Larry E. Robbins , Gonzalo Fernandez , and John P. Funkhouser
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

All Amazon Upgrade | Amazon Upgrade | Stores | Books

Business & Investing | Amazon Upgrade | Stores | Books

Professional & Technical | Amazon Upgrade | Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations (Bigwig Briefs)
Deal Terms - The Finer Points of Venture Capital Deal Structures, Valuations, Term Sheets, Stock Options and Getting VC Deals Done (Inside the Minds)
Private Capital Markets: Valuation, Capitalization, and Transfer of Private Business Interests
Principles of Private Firm Valuation (Wiley Finance)
Strategic Corporate Finance: Applications in Valuation and Capital Structure (Wiley Finance)

ASIN: 0471429570

Book Description

An in-depth look at the strategies, capital structure, and fund raising techniques for emerging growth and middle-market companies.

Here is a comprehensive and practical guide to understanding and applying the basics of corporate finance to emerging growth and middle-market companies. Using empirical data and actual company cases to illustrate capital structures and financing approaches, the book provides a detailed discussion of the many funding instruments, from traditional bank loans and asset-based financing to different types of private equity and other creative solutions; the types of funding sources and their expected rates of returns; and typical deal terms.

Download Description

"An in-depth look at the strategies, capital structure, and fund raising techniques for emerging growth and middle-market companies.

Customer Reviews:

A Worthy Investment.......2007-08-31

I bought this book about a year and a half ago, and have been reminded of the wisdom of that purchase every time I pick it up again...a great ROI on that small investment!

Good Value For Time Invested in reading.......2006-12-29

If you're a startup or an entrepreneur...you have very little time and/or few sources of quality information.

This book gives you the big picture, it also gives you many details that are hard to get...it's the best investment you can make with your time.

Reads like a great novel for the Entrepreneur.......2006-10-05

If you are like me, you read a lot of books to help you become a better Entrepreneur, looking for those tasty morsels that give you ideas or methods to succeed in growing your business.

This books is one of the few of its kind that I could not put down. Each section was interesting and most were relevant. I am sick of reading about pure high tech and software only plays. This book is not only very educational, it is a reference manual that never leaves my desk. The Database of funding sources is invaluable.

Excellence in Grwoing companeis.......2006-04-13

Whether you are a start-up, growing a business or just interested in business reading, Kenneth H.Marks provides a clear insight into topics and issues required by any business person. Thought I understood finance until I read this book and located gaping holes in my understanding. Would recommend this book for any business course- it fills in the knowledge gaps that business schools leave.

This handbook should be on every entrepreneur's bookshelf.......2005-10-19

This book is truly incredible! As the co-owner of a full service commercial finance intermediary firm, we are always looking for valuable and concise resources to draw upon for in-depth information regarding the very vast world of corporate finance. This book is it. It doesn't matter if you are an entrepreneur, student, or financial professional, this book covers every aspect of corporate financing options. I have used the "Financing Source Directory" numerous times to locate finance companies based on area of expertise and required funding. Our job as financial intermediaries is to not only educate our clients based on the best source of financing according to their respective needs but to also have a vast database of finance professionals to call upon in order to successfully facilitate our clients funding requirements. The "Financing Source Directory" and the material in this book provide just that and more. The investment price for the book is worth the directory alone. If you're trying to locate funds for your company or if you would like to have a better understanding of how to finance a growing organization, go buy this book.

Entrepreneur's Notebook: Practical Advice for Starting a New Business Venture

Average customer rating:

Nice Guide for Beginners
A Must-Have for Entrepreneurs
Exellent Book
Brief and to the point
Invaluable advice for the budding entrepreneur

Entrepreneur's Notebook: Practical Advice for Starting a New Business Venture
Steven K. Gold
Manufacturer: Learning Ventures Press
ProductGroup: Book
Binding: Paperback

Guides | Job Hunting & Careers | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Entrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

General | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

Business Plans | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
Similar Items:

Business Plans That Win $$$: Lessons from the MIT Enterprise Forum
The Startup Company Bible For Entrepreneurs: The Complete Guide For Building Successful Companies And Raising Venture Capital
The Business Startup Checklist and Planning Guide: Seize Your Entrepreneurial Dreams!
What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business)
Start Your Own Business (4th Ed.) (Start Your Own)

ASIN: 0976279045

Book Description

Entrepreneur's Notebook propels you on a whirlwind tour of the start-up process. It is an invaluable reference for new and experienced entrepreneurs that includes chapters on a wide range of topics, from entrepreneurial team building to business plans to financing. This excellent book provides an incredible amount of practical information that will help you make smarter decisions and avoid costly mistakes. The author, Steven K. Gold, is an accomplished entrepreneur who has co-founded and led five early-stage ventures. As an investor and mentor, he also advises many entrepreneurs and young companies. He earned his B.S.E. in Entrepreneurial Management from the Wharton School of the University of Pennsylvania, and his M.D. from Brown University Medical School.

Customer Reviews:

Nice Guide for Beginners.......2007-06-16

The author writes a nice overview of the entrepreneurial process. It's basically for novices but it does a good job for this audience. The only problem I have with this book is that it is too basic and is therefore non-unique because it is so low-level. Regardless, I must say that for the right audience, it does a fine job over giving the big picture.

If you are advanced or aspire to become advanced, I would recommend "The Startup Company Bible for Entrepreneurs" but only for high-tech entrepreneurs. Even this author has recommended it.

A Must-Have for Entrepreneurs.......2007-05-14

Steven gives great illustrations to drive home his insightful advice for entrepreneurs. As he's "been there, done that," we can take his advice to heart in the hopes of becoming a success like him!

Exellent Book.......2007-05-11

Great book for getting ready to open a new business. Would refer to anyone thinking about opening a business.

Brief and to the point.......2007-04-27

This is a delightful little book that contains a wealth of useful and helpful information and ideas on starting a small business and ensuring that it is viable and succesful. The book is well written and easy to follow and interesting to read.

This is a must read for entrepreneurs, particularly budding ones as the information the book provides is very practical and can help you avoid making costly errors. The book covers a wide range of topics including the start-up process, marketing the business on a small budget, cash-flow forecasting, among other things.

The book is an excellent companion for the entrepreneur that is well worth having.

Invaluable advice for the budding entrepreneur.......2007-03-04

This book does a terrific job of presenting some of the most important issues entrepreneurs face when embarking on new ventures, touching on topics such as the business plan, funding, team building, and cash flows. Using simple, yet stunningly accurate models of the entrepreneurial process, Steven Gold distills complex subjects into simple, practical, take-away messages. The classification of entrepreneurial personalities (professionals, pragmatists, and inventors) is something I think we can all relate to. I find the metaphor which compares building a new company to making "stone soup" equally compelling. There are countless books out there for budding entrepreneurs, but this one is no fluff. It gets right down to the nuts and bolts so you can concentrate on your business.

Angel Financing for Entrepreneurs: Early-Stage Funding for Long-Term Success

Average customer rating:

Required Reference for all Angel Investors and Founder Entrepreneurs
Well worth the $30 I paid,
A great resource...
A lot and not

Angel Financing for Entrepreneurs: Early-Stage Funding for Long-Term Success
Susan L. Preston
Manufacturer: Jossey-Bass
ProductGroup: Book
Binding: Hardcover

General | Business & Investing | Subjects | Books

Raising Capital | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

Entrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
Similar Items:

Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations (Bigwig Briefs)
Finding an Angel Investor in a Day: Get It Done Right, Get It Done Fast! (In a Day)
Attracting Capital From Angels: How Their Money—and Their Experience—Can Help You Build a Successful Company
Angel Capital: How to Raise Early-Stage Private Equity Financing (Wiley Finance)
Winning Angels: The 7 Fundamentals of Early Stage Investing

ASIN: 0787987506

Book Description

Angel Financing for Entrepreneurs will give you the information you need to understand how angel investors think, as well as how to identify investor expectations, understand the investment analysis process, and prepare for post-investment requirements. Written by Susan Preston, an experienced angel investor, worldwide speaker and consultant on angel financing, and former Kauffman Foundation Entrepreneur-in-Residence, this hands-on resource, explains the factors that determine how private equity investors spend their money and what they expect from entrepreneurs. For example:

Most venture capitalists do not invest in seed or start-up financing rounds
Investors typically require seasoned management, with successful start-up experience
Investors are looking for entrepreneurs with passion for their ideas and the willingness to take and apply sound advice
Business plans must be well-written with detailed financial projections that extend 3–5 years
Investors are looking for a clear path to profitability in the business model
Entrepreneurs must have developed a corporate structure that is clean and uncomplicated
And much more

Customer Reviews:

Required Reference for all Angel Investors and Founder Entrepreneurs.......2007-08-13

This book is full of useful information for both angel investors and entrepreneurs seeking funds for any start-up. There are anecdotes, facts and figures describing the industry and trends, a comprehensive list of resources, groups and sample agreements. There are checklists for use in everything from business planning to due diligence. If you are interested enough to be reading this review you should just get the book, you will be glad you did.

Well worth the $30 I paid,.......2007-07-23

And I'm only in the 3rd chapter. I'll agree I was disheartened when I realized at least half the book is an appendix and the first chapter is a bit repetitive, but....., the information that follows is well worth the $30 I paid. A little more work and $50 for the book would only raise an eyebrow or two. If you expect to get $1,000 worth of reference material or a bible for an industry insider, well...., forget it. If you're really on the fence considering it, buy it second-hand at $15, don't buy coffee for a month and I'll guarantee you'll be well ahead of the game. Is it for someone with previous experience in Angel Investing? No, go write your own book if you have that experience. Is it useful for the price and its' stated intent? No question. There's obvious experience being laid out in the book and that's worth thousands more than any price I've seen asked for the book.
Just my 2 cents, go to get back to that next chapter now...

A great resource..........2007-05-02

I just completed "Angel Financing for Entrepreneurs" and found it to be exceptionally informative. I manage an angel investment group, and this book conveys exactly the information I would like entrepreneurs to know before approaching our group for investment. The presentation of and explanatory comments regarding a preferred stock term sheet (a staple in our industry) were ecxellent, as were the discussions of determining your capital requirements and preparing for presentations with investors. It's a great balance of technical information with solid, down-to-earth advice on raising money. It should give readers a great advantage prior to launching what for some is the daunting process of raising capital for an early-stage company.

A lot and not.......2007-04-19

I purchased this book with great expectations. I wanted more information on structuring deals and term sheets. This book has 375 pages, but glossary and contact information take up almost half. Most of the information in this book is general - I can find most with a simple search on the internet. There are a few great hints and key points that angel investors would look at. It's a hard cover book, but the information that is useful could of been put in a small paperback at a much lower price. Good book for someone who knows nothing about angel investors, but lacks real substance for serious entrepreneurs.

Case Studies in International Entrepreneurship: Managing and Financing Ventures in the Global Economy

Average customer rating:

This book is way overpriced

Case Studies in International Entrepreneurship: Managing and Financing Ventures in the Global Economy
Walter Kuemmerle
Manufacturer: McGraw-Hill/Irwin
ProductGroup: Book
Binding: Hardcover

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | International | Business & Investing | Subjects | Books

Entrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

The Entrepreneurial Venture (The Practice of Management Series)
New Venture Creation: Entrepreneurship for the 21st Century
Consumer Behavior

ASIN: 0072977841

Book Description

This casebook helps entrepreneurial managers, and those who finance them, make sensible resource acquisition and investment decisions. One of its primary competitive advantages is the strong international context, as there are many global opportunities for investment and growth. These cases will help future managers and entrepreneurs identify opportunities in a global context. The cases also show how to assess which countries represent the best places to start a business, how to assemble the necessary resources, how to adapt locally and execute for success, and much more.

Customer Reviews:

This book is way overpriced.......2005-03-29

I can't believe the nerve of the publisher charging what they do for material written by grad students. To add insult to injury, they didn't even bother re-setting the typography or images. Tables are disconnected from the text and the graphics are horrible.

I had to buy this book for an entrepreneurship class. Do not buy this book as a reference for Finance or Entrepreneurship. It is a bound collection of student papers. The graphics are horrible, usually badly enlarged clip art or newspaper-quality pictures. It is very difficult to find any information in the book (like relevant cases) because there is no index and the table of contents is after 12 pages of advertisment and boasting by the "author".

If your professor requires this book, well, I'm sorry. If you're looking for a reference book, you'd be better off picking one at random.

How to Get the Financing for Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day

Average customer rating:

Highly Recommended....
This book is a MUST-HAVE for business owners!
Excellent resource for serious entrepreneurs
You won't find many competitors offering the depth and focus here
If you want to start a small business, then this book is for you!

How to Get the Financing for Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day
Sharon Fullen
Manufacturer: Atlantic Publishing Company
ProductGroup: Book
Binding: Paperback

Policy & Current Events | Popular Economics | Business & Investing | Subjects | Books

Development & Growth | Economics | Business & Investing | Subjects | Books

Economic Policy & Development | Economics | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

General | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

How to Write a Great Business Plan for Your Small Business in 60 Minutes or Less - With Companion CD-ROM
Financing Your Small Business: From SBA Loans and Credit Cards to Common Stock and Partnership Interests
The SBA Loan Book: Get A Small Business Loan--even With Poor Credit, Weak Collateral, And No Experience (Sba Loan Book)
How to Buy and/or Sell a Small Business for Maximum Profit: A Step-by-Step Guide
The Rational Guide to Building Small Business Credit (Rational Guides) (Rational Guides)

ASIN: 091062755X

Product Description

This new book will provide you with a road map to securing the financing. The book goes into traditional financing methods and assists the reader in setting up proper financial statements and a proper business plan. It details the differences between debt and equity financing and how and why to use each. Valuation techniques are explained for determining what your business is truly worth. However, the book's real strength is in explaining alternative and creative methods of financing, such as SBA financing, investor angels, IPOs, limited public offerings and venture capital. Essential resources for finding the detailed information you need are included throughout.

Customer Reviews:

Highly Recommended...........2007-06-10

This books is comprehensive, smart and powerful. I'd highly recommend it to anyone else. I'd also recommend a commercial video to help you apply for commercial credit on-line. These two tools together can help you get credit in less than 90 days.

Link:
Business Credit Building & Grant Information Video

This book is a MUST-HAVE for business owners!.......2006-12-20

Here is a resource written to provide the New Small Business owner the tools necessary to understand the process entailed in securing the lifeblood of every new small business, money. This book is a must-have for every new small business owner and a should have for every one involved in owing a business whether new, on going, large or small. Regardless of where you are in the business development stage, opening, growing, turn-around or change management, this book by Sharon Fullen does it all. By providing the simple progressive understanding to creating image, knowing and understanding your image, communicating that image, the savvy owner/manager can develop a message that is irresistible.
Truly, this book provides the information, processes and options available to secure the needed funding. The author guides you through the processes of choosing options of financing by explaining each and providing reasoning for choosing one or more methods. Venture capital, private loans, factoring, debt-financing, grants, small business loans, equity financing, all options are covered. From the business plan to the loan documents, this book guides you there.

Excellent resource for serious entrepreneurs.......2006-12-12

"How to Get the Financing for Your New Small Business" is an excellent resource for entrepreneurs who are serious about starting a new business. One of the biggest stumbling blocks is obtaining financing to begin the process. This book not only talks about traditional financing through a bank, but also offers several more creative methods of raising money to start your small business.
The author stresses the importance of having a well written, complete business plan. She gives helpful tips on how to make your business plan stand out and give you the best financing possible. The author also offers hints on how to dress and how to act when presenting your business plan to financiers.
The book also includes a chapter that features resources offering business plan templates, grants and addresses for specific financier groups in each state.
This book would be a great asset for anyone considering starting a small business. The tips and hints scattered throughout the book will give the reader an advantage over other applicants, maximizing financing possibilities.

You won't find many competitors offering the depth and focus here.......2006-09-09

Poor management may be a leading cause of small business demise, but under-funding affects many more start-ups and determines success or failure: that's why obtaining a copy of Sharon Fullen's How To Get The Financing For Your New Small Business: Innovative Solutions From The Experts Who Do It Every Day is so important. From understanding how traditional financing methods work and alternative options to the all-important business plan, valuation techniques and more, you won't find many competitors offering the depth and focus here, which even delves into angel investors, IPOs, and venture capital.

If you want to start a small business, then this book is for you! .......2006-08-29

Starting a small business is overwhelming for many people when they consider raising money to begin. This book offers you many ways to get the money that you need to live your dreams and begin the business that you desire.

From traditional methods of financing to alternative methods, you are sure to find a way to get the money for your business through this book. This book will lead you step-by-step to getting financing in many different ways so that you can start your small business now, rather than waiting. This book is full of information that you need and will use, rather than "get rich quick" schemes.

The list of small business administrations by state in the back of the book is extremely helpful, because you can get more information about financing. If you are thinking of starting a small business, then you will want to pick up this book so that you will understand more about the financing process. If financing is what is holding you back from starting your business, then you need to buy this book now so that you can live your

Angel Capital: How to Raise Early-Stage Private Equity Financing (Wiley Finance)

Average customer rating:

Angel Capital: How to Raise Early-Stage Private Equity Financing (Wiley Finance)
Gerald A. Benjamin , and Joel B. Margulis
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Raising Capital | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

All Amazon Upgrade | Amazon Upgrade | Stores | Books

Business & Investing | Amazon Upgrade | Stores | Books

Professional & Technical | Amazon Upgrade | Stores | Books

All Titles | Qualifying Textbooks - Fall 2007 | Stores | Books

Business & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books

Professional | Qualifying Textbooks - Fall 2007 | Stores | Books
Similar Items:

Attracting Capital From Angels: How Their Money—and Their Experience—Can Help You Build a Successful Company
Angel Investing: Matching Startup Funds with Startup Companies -- A Guide for Entrepreneurs, Individual Investors, and Venture Capitalists
Term Sheets & Valuations - A Line by Line Look at the Intricacies of Venture Capital Term Sheets & Valuations (Bigwig Briefs)
Winning Angels: The 7 Fundamentals of Early Stage Investing
The Angel Investor's Handbook: How to Profit from Early-Stage Investing

ASIN: 0471690635

Book Description

Get the business insight that has raised millions in capital funding for over 50,000 entrepreneurs.

If you're an entrepreneur or own a small, fast-growing businesses, Angel Capital provides a complete toolkit for raising capital in today's challenging economic landscape. The authors, who manage the largest angel network in the U.S., offer real-world advice on how to find investors and take control of the private placement process. Using revolutionary typology and unmatched proprietary research, they explain all stages of raising capital, from valuation to negotiation to due diligence. In addition, you'll find a comprehensive directory of alternative capital resources, based on research of over 2,000 organizations, and a legal appendix that serves as a short course in exempt offerings and provides the skills needed to have success with any early-stage business venture or investment. Order your copy today.

Download Description

Fast track route to understanding the business of angel investing. Covers the key areas of angel investing from understanding the inefficiencies of the marketplace and the evolution of the industry to developing a successful angel investing practice. Examples and lessons from some of the world's most active private equity marketplaces, including the United States, Europe, Asia, the Middle East, and Australia. Includes a glossary of key concepts and a comprehensive resources guide.

Financing Your Business with Venture Capital: Strategies to Grow Your Enterprise with Outside Investors

Average customer rating:

So So for Beginners -- Terrible if you have read other books
Good for beginner
Start Elsewhere

Financing Your Business with Venture Capital: Strategies to Grow Your Enterprise with Outside Investors
Frederick D. Lipman
Manufacturer: Prima Lifestyles
ProductGroup: Book
Binding: Hardcover

General | Business & Investing | Subjects | Books

General | Personal Finance | Business & Investing | Subjects | Books

Raising Capital | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

General | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

Book Description

You've made the strategic decision: The time is right to grow your business. But where do you go for the financing to fuel that growth? More important, what do you have to give up to acquire that financing? Financing Your Business with Venture Capital is every entrepreneur's road map to the intricate world of outside capital. Inside you'll find expert advice on everything from valuing your business to determining the strengths and weaknesses of different sources of financing. In an easy-to-understand, step-by-step approach, venture capital expert Frederick Lipman details all of the options available to you so that you can decide wisely the best strategy for your business. In addition, he gives you everything you need to know about:

• Acquiring capital from professionally managed venture firms and investment bankers
• Keeping control of your business
• Valuing your business
• Negotiating venture capital investments
• Using "junk-bond" financing
• Attracting seed capital from angel investors
• Obtaining IPO underwriters
• Creating a "nest egg"
• Conducting a "roll-up"
• And much more!

Also included are invaluable resources such as a sample venture capital agreement, sample term sheets for venture capital and investment banking transactions, and special information on Canadian funds. In addition, you'll find the names and addresses of equity financing firms that are ready to do business with you.

Financing Your Business with Venture Capital is your key to business growth.

"An excellent primer for entrepreneurs who plan to seek capital to fund their businesses . . . takes the mystery out of the capital raising process."

—Dan Raynor, general partner, Argentum Company, Inc.

"Full of insights that only people with extensive first hand experience can offer . . . valuable reading for anyone who wants to acquire a good understanding of the process."

—Alain Chetrit, CEO, First Regional TeleCOM

"This easy-to-read book covers the essential basics for anyone who is interested in raising funds for entrepreneurial ventures."

—Ian McMillan, professor of Entrepreneurial Studies, Wharton School of Business, University of Pennsylvania, Philadelphia

Customer Reviews:

So So for Beginners -- Terrible if you have read other books.......2001-03-10

This book is good if you are looking for a somewhat decent introduction to terminology and processes. However, I think you will find other books a far better investment in your time. I would say this is a high school level course in VC.

I question some of the motives of the author through the book. At one point he says that the best way to meet a VC is to have an introduction by a broker. In my experience taking three companies through VC, I have found this is the absolute worse way of dealing with them. All of my friends who are partners at Chicago based VC firms say they would rather the entrepreneur come directly to them. You can tell the author is an attorney, because his advice is to use an attorney to find Venture Capital. Also, the author touts the fact he is a lecturer at Wharton. Lecturer and Professor are worlds apart. It isn't that hard to get an invitation to speak at a business school, so I don't put much weight on his using this as a claim to fame.

This book is good for terminology, but not good for advice. My recommendation is that you do not follow the guidelines here, only use the book as an introduction to terminology.

If you want a real book on advice, listen to someone that has taken a company through the process. Get Rob Ryan's book "Entrepreneur America". You will find it is a much better investment of time and money.

Good for beginner.......1999-06-10

You will find the quite difficult to follow, but it is interesting to read and you will find new information on each page if VC is stranger to you.

Start Elsewhere.......1999-04-28

This seems to be a bunch of lecture notes for a Venture Capital course masquerading as a book. Like lecture notes, the material presented is spotty and uneven, but interspersed with enough factoids to keep the reader interested. As a text, it would have benefited from an outline and a good editor. About 45% of its 368 pages are appendices (course handouts) of sample contracts. If this is your first venture into venture capital, find the course text or read something like Linda Chandler's Winning Strategies for Capital Formation. Then read this to add some depth.

What No One Ever Tells You About Financing Your Own Business: Real-Life Financing Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About...)

Average customer rating:

This book provides real-life examples of how startups get started and find the money needed to get started.
Decent Advice, But Perhaps Not the Advice You Need
Excellent, and 101 means 101
Ms. Norman Knows What She is Talking About

What No One Ever Tells You About Financing Your Own Business: Real-Life Financing Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About...)
Jan Norman
Manufacturer: Kaplan Business
ProductGroup: Book
Binding: Paperback

General | Business & Investing | Subjects | Books

Raising Capital | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

Entrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
Similar Items:

How to Get the Financing for Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day
Financing Your Small Business: From SBA Loans and Credit Cards to Common Stock and Partnership Interests
What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business)
Finding Money: The Small Business Guide to Financing (Small Business Series)
Financing Your Business Dreams With Other People's Money: How and Where to Find Money for Start-Up and Growing Businesses

ASIN: 1419502778
Release Date: 2005-07-01

Book Description

Owning a business has become almost as much a part of the American dream as owning a home, and it’s not uncommon for people to trade a safe, routine job for the uncertainty of being one’s own boss. It not only takes hard work, persistence, and sacrifice – it takes business capital.

In What No One Ever Tells You About Financing Your Business, Jan Norman not only explores multiple means for owners and entrepreneurs to acquire business capital, but also covers the ""universal tool"" - writing the business plan. Norman includes insights from 101 successful entrepreneurs on obtaining financing, sharing with readers their experiences, techniques, and advice gained in the trenches.

From these recaps, both owners and entrepreneurs will learn:

• Borrowing options and alternatives beyond using savings or help from family and friends

• Creative ways to keep the business capital flow on-going past start-up stages and the need to use the right financial tools for monitoring

• How to build effective business relationships, vital in obtaining capital because ""people do business with people they know and trust""

• Practices that even the most successful business owners use ""to stay ahead of the money search""

Customer Reviews:

This book provides real-life examples of how startups get started and find the money needed to get started........2007-07-18

This was a wonderful book. It covers the basics as far as the options one has when planning to start a small business. Do you draw from your savings? Do you tap on family and friends? Do you mortgage your home? Or do you visit a bank and beg for some money?

The simple truth of the matter is that there are no free lunches in this world. Starting a business is very similar to buying a car or a house. You can pay for it with cash savings. Or you can put up collateral and borrow the money you need to pay for it. SBA doesn't make bank loans - they guarantee some of them. So don't think the SBA is going to do much for you when it comes time to start your small business.

This book covers financing the startup and financing the proven venture. And it does it very well. I loved the part about how business plans will explain how much capital (money) your business needs AND CAN REPAY. This is why banks and other lenders or investors will want to see the business plan you put together for your business venture.

I also thought it was good that the author pointed out that lenders and investors rely somewhat heavily on your leadership ability when determining if your company is likely to succeed. Said another way, they will rate you as a leader when evaluating whether your business plan is good. Good plans get money. Poor ones don't.

Take a look at the Table of Contents for this book. You'll see that the book covers all the bases when it comes to financing your own business. Well done. 5 stars!

Decent Advice, But Perhaps Not the Advice You Need.......2006-08-03

The author deserves credit for interviewing all these entrepreneurs and conveying their stories and lessons learned in a clear style. Nonetheless, I found little of value here. I'm not sure exactly why. In part it's because I had heard most of it before. But in a more fundamental way the notion of relying on the advice of successful practitioners carries with it a positive bias that proves less than helpful to struggling entrepreneurs. Her former venture capitalist who founds a financial services company, for instance, has a huge advantage in financial expertise and contacts over most of us. So it's not surprising that his new venture succeeds in raising money.

What many entrepreneurs need, in contrast, is advice on how to overcome their very difficult circumstances, including personal shortcomings and destitution. So actually lessons learned from accounts of semi-competent entrepreneurs' failures to obtain financing could prove more realistic and valuable. Most of us are semi-competent at best! And of course entrepreneurs starting up innovative tech product ventures face an altogether more challenging and even forbidding set of obstacles to raising money than those launching a new flower shop or bookkeeping service. The simpler a challenge your business represents, the more helpful this book manages to be.

Excellent, and 101 means 101.......2005-09-30

I can attest to the fact that author Jan Norman interviewed each of 101 different individuals quoted in this book in the course of researching and writing it.

Indeed, she talked to many more than that, just as she had for her other books in the series: "What No One Ever Tells You About Starting Your Own Business," "What No One Ever Tells You About Marketing Your Own Business" and the next one in the series which will be out in early 2006, "What No One Ever Tells You About Franchising."

The interviews were detailed, often grueling work and always time-consuming, but invaluable for readers. Each of the 101 persons interviewed for each of Jan's books has a unique story to tell, and her books have shared those stories with countless others.

This series of books published by Upstart, a division of Dearborn Publishing, finds its greatest value in the very diversity of the experiences represented by the 101 individuals in each book. For the reader, it is an opportunity not to read some self-anointed "expert" author's solitary opinion, but instead read the real-life experiences of 101 people who have been there and done that.

Each book is a compilation of 101 mistakes and/or successes that others learned from, and that readers can learn from vicariously, then apply to their own entrepreneurial efforts.

Ms. Norman Knows What She is Talking About.......2005-09-04

I don't know if the author really talked to 101 successful entrepreneurs or not. I suspect not. Instead, this book might better be sub-titled 101 tips on financing a business.

There are people who simply have to run their own business. It's a lot easier to work for someone else, just show up on time, work reasonably hard, go home a little bit later than most prople and so on. Some of us have a very hard time doing that.

I've started several businesses over the years. Each one has been more successful than the one before. Experience has taught me several things. And I'm going to use that experience to comment on some of her 101 tips.

Tip #1 - Do a business plan. There are several software programs that are almost fill in the blank. Get one and fill in the blanks. Even if you never show this plan to anyone else, it will force you to think through your whole business.

Tip #7 - Start on a Shoestring. It is much easier to get money to expand a business than it is to get money to start from scratch.

Re a bunch of Tips on borrowing money - Don't. It has to be paid back. Unless you are very, very certain that you can pay it back in a very short time - DON'T!

Tip 46-48 - Yes, yes, a hundred times YES!. Live cheaply. Don't buy the big car, big house, whatever.

Tips 77-80 - Government Programs. Forget them, they aren't worth the time they take.

Tips on venture capital and going public. This is a basic business decision. Do you want to run a small business or create a public company that you can get out of?

This lady understands what she is writing about. But keep in mind that you are talking about your business, your ideas, your future. Read a book on business.
Get a business started.
Read a book on business.
If it works great. If it doesn't, get a job for a while, start another one in your part time using what you learned from the failure of the first one.
Read a book on business.
Switch to running your business full time.
Read a book on business.
Repeat as necessary.

How to Raise Capital : Techniques and Strategies for Financing and Valuing your Small Business

Average customer rating:

Mostly fluff
Good Book for Entrepreneurs!

How to Raise Capital : Techniques and Strategies for Financing and Valuing your Small Business
Jeffrey Timmons , Stephen Spinelli , and Andrew Zacharakis
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books

Corporate Finance | Finance | Business & Investing | Subjects | Books

General | Business & Investing | Subjects | Books

Management | Management & Leadership | Business & Investing | Subjects | Books

Raising Capital | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

Entrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books

General | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
Similar Items:

Business Plans that Work
Financing Your New or Growing Business: How to Find and Get Capital for Your Venture
Radical Marketing: From Harvard to Harley, Lessons from Ten That Broke the Rules and Made It Big
Entrepreneurial Finance (4th Edition)
Raising Capital for Dummies

ASIN: 0071412883

Book Description

The entrepreneur's step-bystep guide to venture capital--where to find it, how to secure it, and what to do with it

Fewer than 40 percent of entrepreneurs seeking new business funding each year actually get that funding. How to Raise Capital improves those odds, providing prospective as well as current business owners with the knowledge they need to prepare an effective loan proposal, locate a suitable investor, negotiate and close the deal, and more. The all-star team of entrepreneurial experts behind How to Raise Capital gives readers top-level educational theory with hands-on, real-world knowledge. This thorough examination of the inner workings of the venture capital industry explores:

Resources available to entrepreneurs, from SBA loans to angel investors
Proven strategies for identifying and approaching equity sources
Characteristics of a "superdeal"--from the investor's perspective

Customer Reviews:

Mostly fluff.......2006-04-04

I've been reading a lot of business books to get information on how to grow my business. Of all those books, this one is mostly fluff. Many of the statements are vague and ambigious. There isn't much for solid advice. Buzzwords are used everywhere (Do you want a "value-added investor" funding your business?) Numbers and statistics are nonexistant other than a few graphs that look like they were sketched by hand. The author tends to throw lots of questions at you to think about, but doesn't give any advice on the topics.

There were a few bits of useful information on how other people will look at your business and value it, but it's not worth reading through the whole book for them. They could have been summarized in a bulleted list on a few sheets of paper.

If you're looking for a good book on how to obtain venture capital, check out Venture Capital Handbook, by David Gladstone.

Good Book for Entrepreneurs!.......2005-08-20

Thie book gives good resources available to entrepreneurs that want to start their own business. A book you should also check out is "The Wal-Mart Way" by Don Soderquist, it gives the inside story of the success of the world's largest company.

Books:

Books Index

Books Home

Recommended Books