Entrepreneurial Finance
An Essential Resource for Entrepreneurs, Angel Investors, and Venture CapitalistsAbout half of all new businesses fail in the first five years. So whether you’re bringing your new idea to market or investing in new ventures, make sure you have the tools, state-of-the-art valuation methods, and practical knowledge you need to make smart business decisions.Now updated with late4-breaking data and references, Smith and Smith’s ENTREPRENEURIAL FINANCE, 2ndEdition equips you with an effective framework of financial economic principles to guide you through the process of incubating and growing a new venture. You’ll learn to think of new ventures as portfolios of real options, value financial claims of the entrepreneur and venture capital investors, and structure financial contracts in light of new venture information problems.KEY FEATURES