Academics and practitioners from a range of institutions across Europe provide a cutting-edge, practical, and comprehensive review on the financing of entrepreneurial ventures. From sourcing and obtaining funds, to financial tools for growing and managing the financial challenges and opportunities of the startup, Entrepreneurial Finance: The Art and Science of Growing Ventures is an engaging text that will equip entrepreneurs, students and early-stage investors to make sound financial decisions at every stage of a business' life. Largely reflecting European businesses and with a European perspective, the text is grounded in sound theoretical foundations. Case studies and success stories as well as perspectives from the media and from experts provide real-world applications, while a wealth of activities give students abundant opportunities to apply what they have learned. A must-have text for both graduate and undergraduate students in entrepreneurship, finance and management programs, as well as aspiring entrepreneurs in any field.
Part I. Funding Sources:
1. Introduction to entrepreneurial finance Luisa Alemany and Job Andreoli
2. Early sources of funding (1): incubators, accelerators and crowdfunding Job Andreoli
3. Early sources of funding (2): business angels Colin Mason and Tiago Botelho
4. Venture capital, private equity and corporate venture capital Josep Duran and Oscar Farres
5. Public sources of funding Isidro Laso
Part II. Funding Process:
6. Deal sourcing and screening Dietmar Grichnik, Torben Antretter and Alexander Stoeckel
7. Preparing the financial plan: forecasting Sophie Manigart and Miguel Meuleman
8. Valuation of new ventures Luisa Alemany
9. The term sheet and negotiating with investors Stefano Caselli
Part III. Growing the Venture:
10. Monitoring tactics and key metrics Peter Witt, Jan Brinckmann and Miguel Meuleman
11. Corporate governance Stefano Caselli
12. Managing your intellectual property Peter Hiscocks
Part IV. Alternative Routes to Entrepreneurship:
13. Entrepreneurship through acquisition (1): MBOs and MBIs Miguel Meuleman and Hans Vanoorbeek
14. Entrepreneurship through acquisition (2): 'searchers' Timothy Bovard
15. Turnarounds, workouts and other restructuring: reinventing value Benoît Leleux
16. Impact investing: financing social entrepreneurs Johanna Mair, Lisa Hehenberger and Sara Seganti
Part V. Harvesting and the Future of Entrepreneurial Finance:
17. Harvesting: the exit Peter Roosenboom
18. The future of entrepreneurial finance Luisa Alemany and Job Andreoli
Appendix 1. Examples of public support for entrepreneurship in Europe
Appendix 2. Typical business angel term sheet clauses
Appendix 3. General term sheet
Appendix 4. Angel term sheet
Appendix 5. Measuring and managing impact.
