Venture Capital and the Finance of Innovation, 2nd Edition
| Author | : | |
| Rating | : | 4.21 (527 Votes) |
| Asin | : | 0470454709 |
| Format Type | : | paperback |
| Number of Pages | : | 576 Pages |
| Publish Date | : | 2016-08-03 |
| Language | : | English |
DESCRIPTION:
she worked at the Investment Banking Division of Goldman, Sachs & Co. She has won numerous research grants and has been published in the Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies.. In 2010 he served as the Chief Economist for President Obama's Council of Economic Advisers. Metrick received a BA in Economics and Mathematics from Yale and
The most current industry data is included to demonstrate large changes in venture capital investments since 1999. It presents a new unified treatment of investment decision making and mark-to-market valuation. This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.
Mike t. said It goes into great detail about the venture-capital industry. This book is a phenomenal book. It goes into great detail about the venture-capital industry. It explains everything about the venture-capital industry and the other forms of alternate financing .. A Mostly Academic Text Clearly, the Finance of Innovation was a major undertaking for professor Metrick. It is filled with useful facts that have some practicality and a great deal more academic thought. Yet, as he mentions early in the text, VCs use few of the methods outlined. Specifically, the heavy reliance on option theory is overly complicated and not useful for the practitioner. More importantly, however, is that it is somewhat misguided to focus on the randomness of liquidation events. Venture investments are very different. "This was a very interesting read. It opened my" according to Amazon Customer. This was a very interesting read. It opened my eyes on a much larger scale of venture capital and finance. The writing was concise and clear and made it easier to understand.
I enthusiastically recommend this book to all venture capitalists." —Ted Schlein, Partner, Kleiner Perkins Caufied & Byers . With clear explanations and practical models, Metrick's book can fill this gap. "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