The year is 1992 and Delaware's tumultuous gubernatorial debate is interrupted by an inspiring speech from a humble citizen named Karl Bontrager. After the speech, the consequences for Karl are severe: he is immediately fired from his job and becomes the target of media frenzy. Even though the news media is responsible for fueling a riot in his neighborhood, some political chicanery lands an innocent Karl in jail for creating a public disturbance. But Karl's inspirational speech has awakened the public. Concerned citizens, neighbors, Karl's granddaughter and some of her college classmates converge on the jail and demand Karl's release. Just as the governor issues an executive order to release him, the startled jailer tells the crowd that Karl is not there. The situation that ensues in Delaware has far more international and political consequences than anyone had imagined. A world away, the Soviet Union has become a struggling Commonwealth of Independent States. Faced with his own dilemma, the director of a former Soviet research facility is confronted by the prospect of losing many of his nuclear technicians to a wealthy dictatorship.
An engaging guide to excelling in today's venture capital arena Beginning in 2005, Brad Feld and Jason Mendelson, managing directors at Foundry Group, wrote a long series of blog posts describing all the parts of a typical venture capital Term Sheet: a document which outlines key financial and other terms of a proposed investment. Since this time, they've seen the series used as the basis for a number of college courses, and have been thanked by thousands of people who have used the information to gain a better understanding of the venture capital field. Drawn from the past work Feld and Mendelson have written about in their blog and augmented with newer material, Venture Capital Financings puts this discipline in perspective and lays out the strategies that allow entrepreneurs to excel in their start-up companies. Page by page, this book discusses all facets of the venture capital fundraising process. Along the way, Feld and Mendelson touch on everything from how valuations are set to what externalities venture capitalists face that factor into entrepreneurs' businesses. Includes a breakdown analysis of the mechanics of a Term Sheet and the tactics needed to negotiate Details the different stages of the venture capital process, from starting a venture and seeing it through to the later stages Explores the entire venture capital ecosystem including those who invest in venture capitalist Contain standard documents that are used in these transactions Written by two highly regarded experts in the world of venture capital The venture capital arena is a complex and competitive place, but with this book as your guide, you'll discover what it takes to make your way through it.
Business Planning: Financing the Start-Up Business and Venture Capital Financing, Third Edition uses a simulated deal format that is drawn from the “deal-files” of real world practicing lawyers. It integrates the teaching of transactional lawyering skills with the presentation of new substantive law that is critical to the success of a junior corporate lawyer practicing in a transactional setting. The book gives students an overview of the range of substantive law that lawyers representing new businesses need to be versed in. To bridge the gap between law school and practice, the authors integrate excerpts from sources authored by experienced practitioners, thus bringing practical and real-world insights to students. Shannon Treviño joins as co-author on the new edition. Key Features: Integrated teaching of transactional lawyering skills with the presentation of substantive law that is critical to the success of a junior corporate lawyer practicing in a transactional setting. Analysis of both the legal issues and the business considerations that must be taken in to account in planning the structure and negotiating the terms of a capital raising transaction for an early stage company. A simulated deal format to provide a real-world appreciation of the “life cycle of a deal,” with a new simulated client whose business is focused on addressing a need in the autonomous vehicle industry, which presents a timely topic for faculty to engage with students on at every juncture of the course. Graded memo assignments that are representative of the work assignments expected of a junior corporate lawyer practicing in a transactional setting and that relate directly to the substantive material that is part of the casebook reading assignments. A thoroughly revised Chapter 4 regarding federal securities laws, incorporating numerous legislative changes that have been adopted or have become effective since the publication of the second edition. Significant additions to Chapter 8, including an updated overview of venture capital and a broader discussion of the capital formation process prior to venture capital financing.
In this fourth book by the authors' about public affairs in Delaware, the state's strategies to maintain a business-friendly environment are examined, especially by awarding grants and loans to grow businesses and jobs. The book addresses the nation's 2008-2014 Great Recession that was very severe in Delaware. Among the large Delaware employers that disappeared were Chrysler, General Motors, and Avon. Meanwhile, DuPont cut many jobs, while MBNA's sale to Bank of America also caused many job losses. This small state's efforts to deal with this overwhelming crisis are analyzed. Accordingly, the book is timely regarding politics and policy choices involving jobs, competition with other states, and a host of other problems. Among the features analyzed are: the state’s transition from a passive to a proactive management approach, in-depth analyses of certain prominent companies awarded state funding to create jobs, as well as a broader spectrum of firms receiving similar kinds of subsidies to create or retain employment , along with the permeation of politics involving variously the media, political parties, special interests, government, business leaders, citizen groups. The authors conclude, what lessons they have learned from their study.
The purchase of this ebook edition does not entitle you to receive access to the Connected eBook with Study Center on CasebookConnect. You will need to purchase a new print book to get access to the full experience, including: lifetime access to the online ebook with highlight, annotation, and search capabilities; practice questions from your favorite study aids; an outline tool and other helpful resources. Business Organizations: A Transactional Approach by William Sjostrom is designed for those who want to teach business organizations, business associations, or corporations using a transactional, problem-oriented, and/or practical approach. This casebook teaches from a transactional perspective and shows how legal concepts are written in the real world. It has numerous actual provisions from the various documents corporate lawyers draft and review so that students gain a sense of what corporate lawyers do in practice. With content selected through a corporate lawyer lens, and emphasis on real-world provisions, this is the only Business Organizations casebook on the market allowing students to work with complete transactional documents (e.g., limited liability partnership agreements, LLC operating agreements, certificates of designation, warrant agreements, and shareholders’ agreements). Featuring numerous exercises, designed to reinforce the covered material and help students develop the planning and problem-solving skills of a corporate lawyer as well as expose students to the documents and issues at the heart of the transactional practice, the book also contains more narrative and fewer cases--legal concepts are covered in concise explanatory text instead of judicial opinions. New to the Fourth Edition: New materials regarding the duty of oversight New materials regarding demand futility Updated exercises and statistics MBCA references changed to the latest edition given recent state adoptions Professors and students will benefit from: Straightforward text makes it easier to teach complicated concepts Numerous exercises make the book ideal for problem-method teaching Extensive teaching materials (PowerPoint slides, diagrams, calculation sheets, step-by-step documents, poll questions, etc.) available online Practice-oriented—students exposed to real-world provisions and agreements Transaction-oriented—students get a sense of what corporate lawyers do Problem-oriented—students get to repeatedly apply what they’ve learned
Covers the federal, state and local regulations imposed on small businesses. Concise, friendly and up-to-the-minute, the book details each critical step.
This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. The most current industry data is included to demonstrate large changes in venture capital investments since 1999. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.
Written in highly readable layman's language, Fundamentals of Venture Capital is a concise introduction to the key issues facing both investors and entrepreneurs as they embark on the journey of turning a good idea into a profitable reality.
