3 Review(s)

The business of helping firms to become "investment ready" has long been seen as vital to the long—term development of any economy, but the process of identifying and attracting the right kind of investor can be difficult for many small and medium-sized businesses. Updated to take account of recent developments in patterns of funding, this second edition of Venture Capital Funding gives you a detailed, step-by-step guide to obtaining venture capital — from building a management team through to the maze of due diligence obligations and necessary legal procedures. The practicalities of competing for, and winning, additional capital are broken down into key areas, such as: the significance of the business plan types of investor targeting and attracting a funder negotiation and initial valuations the due diligence process the available investment vehicles. It also explores the many reasons why companies seek out additional funding, and discusses the points in the business life cycle when such injections are appropriate About The Author Stephen Bloomfield has been a director of three venture capital funds, leading and participating in numerous deals and syndications and then acting as a "company doctor" for ten years. He is now a Visiting Fellow in Corporate Governance at London South Bank University and is actively involved in research into the way in which venture funding is conducted nationally and regionally. Table of Contents Introduction: some objectives and definitions Background issues The future revisited I: developments in legal matters (in collaboration with John Short of Taylor Vinters) The future revisited II: developments in regional funding (in collaboration with Max Bautin of 1Q Capital) The future revisited III: the view from the City (in collaboration with Bob Henry of Matrix Partners) Why do you want funding? Know your enemy: the venture capitalists considered The mechanics of doing the deal Seeing the finishing line Dealing with existing shareholders (and stakeholders) Building — and displaying — the management team The key issues of discovery: the ‘due diligence’ process ‘House style’ The choice of investment vehicle: existing business or newco? Legal stages: where the going gets tough Post-investment considerations: culture shock Realization of the investment Summary: do you still want venture capital?