The definitive guide demystifying the venture capital business, The Business of Venture Capital covers the various aspects of venture investment spectrum, from raising funds and structuring investments to assessing exit pathways. The is the first book of its kind to focus on the four critical pillars of the venture capital business—raising the fund, sourcing and structuring investments, creating value as a board member and finally, leading investments to exits.
Written by a practitioner for practitioners, the book provides the necessary breadth and depth, simplifies the jargon and balances the analytical logic with experiential wisdom. Starting with a Foreword by Mark Heesen, President, National Venture Capital Association (NVCA), this important guide includes insights and perspectives from leading experts.
• Part One covers the process of raising the venture fund including:
- Identifying and assessing the Limited Partner universe
- Fund due-diligence criteria
- Fund investment terms
• Part Two covers the investment process including:
- Sourcing investment opportunities
- Conducting due diligence and negotiating investment terms
- Adding value as a board member
- Exploring exit pathways
With insights, anecdotes and wisdom from the experiences of best-in-class practitioners, this guide can help the reader to understand the dynamics of this business.
Leading Limited Partners / Fund-of-Funds interviewed include Credit Suisse, Top Tier Capital Partners, Grove Street Advisors, Rho Capital, Pension Fund Managers and Family Office Managers.
Insights of over twenty five leading venture capital practitioners, frequently featured on Forbes Midas list of top venture capitalists including Frank Caufield (Co-founder, Kleiner Perkins Caufield and Byers) David Cowan (Bessemer Venture Partners) Todd Dagres (Spark Capital) Promod Haque (Norwest Venture Partners) Tim Draper (Draper Fisher Jurvestson) Brad Feld (Foundry Group) Mitch Lasky (Benchmark Capital) John Jarve (Menlo Ventures) Terry McGuire (Polaris Capital and former NVCA Chair) Bryan Roberts (Venrock) and Bob Nelsen (ARCH Venture Partners).
Those aspiring to raise a fund, pursue a career in venture capital or simply understand the art of investing can benefit from this book.