Paperback: 320 pages
Publisher: Wiley; 1 edition (November 2, 2010)
Language: English
ISBN-10: 0470616229
ISBN-13: 978-0470616222
Product Dimensions: 6.1 x 0.9 x 9.1 inches
Shipping Weight: 14.4 ounces (View shipping rates and policies)
Average Customer Review: 4.7 out of 5 stars See all reviews (9 customer reviews)
Best Sellers Rank: #578,750 in Books (See Top 100 in Books) #100 in Books > Business & Money > Finance > Corporate Finance > Venture Capital #746 in Books > Business & Money > Small Business & Entrepreneurship > New Business Enterprises
Haislip promotes the benefits of venture capital as a good way of financing the innovation that drives future employment and consumption of beneficial goods. Among benefits of VC are minimum disclosure requirements and regulation. There is only Sarbanes-Oxley with no content shown in the book. Nor is any Dodd-Frank restriction mentioned. He naively advocates government subsidies and favorable tax treatment. It's like inviting a crocodile for lunch.The book examines both success and failure of VC, emphasizing long the long holding time requirement. It examines career opportunities although mostly for the vicarious investor. The need for contacts is emphasized. A venture capitalist is paid for fund raising more than selection of investments. There is a very fine history of VC activity that raised too much money in the dot com era before the lean times since 2009. There's environmental politics involving the alternate energy boom showing the price of corn outstripped the price of energy.There's good insight on evaluation of investments. The mechanics of dilution through successive stages of capital investment is well done. In financing, loan vs VC is studied with the advantage of loan financing being non-dilution of stock ownership. Preferred stock is often demanded by financiers. The best of the book is accounts of CALPERS, Getty Trust, Harbor Vest, KPCB, Sequoia Capital and many others along with some of their successful investments. It titillates us with stories of investments in Google, Baidu, and others. The investing basics section cites Team, Technology and Time as the important factors, meaning that the most important factor in evaluating a potential investment is its management team.In the current global market the U.S.
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