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Entrepreneurial Finance 6th Edition

J. Chris Leach, Ronald W. Melicher

  • Published
  • Previous Editions 2015

Overview

Guiding students through a complete "life cycle of the firm," ENTREPRENEURIAL FINANCE, 6e, introduces the theories, knowledge, and corporate finance tools and techniques an entrepreneur needs to start, build, and eventually harvest a successful venture. With a strong emphasis on sound financial management practices, the text explores how to secure financing, use business cash flow models, and strategically position the early-stage company. Students also learn how to effectively interact with financial institutions and regulatory agencies that can affect venture growth and enable liquidity for investors. Drawing on real-life entrepreneurial ventures and common financial scenarios, the authors include in-depth capstone cases, mini-cases, and examples that engage students and vividly illustrate such key concepts as venture capital funds, institutional investors, strategic alliances, the role of business angels, licensing agreements, and exit strategies.

J. Chris Leach, University of Colorado at Boulder

J. Chris Leach is Professor of Finance and the Robert H. and Beverly A Deming Professor in Entrepreneurship at the Leeds School of Business, University of Colorado at Boulder. He received a finance Ph.D. from Cornell University, began his teaching career at the Wharton School, and has been a visiting professor at Carnegie Mellon, the Indian School of Business, and the Stockholm Institute for Financial Research (at the Stockholm School of Economics). His teaching experience includes courses for undergraduates, MBAs, Ph.D. students, and executives. A former Graduate Professor of the Year, he has received multiple awards for MBA Teaching Excellence. Dr. Leach's research on a variety of topics has been published in THE REVIEW OF FINANCIAL STUDIES, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, JOURNAL OF BUSINESS, JOURNAL OF ACCOUNTING, AUDITING AND FINANCE, REVIEW OF ECONOMIC DYNAMICS, and JOURNAL OF MONEY, CREDIT AND BANKING, among others. His business background includes various startups dating back to his early teens in the 1970s. During his transition to the University of Colorado, he was chairman of a New Mexico startup and later participated as an investor and advisor in a late-1990s Silicon Valley startup that subsequently merged into a public company. Dr. Leach's consulting activities include business and strategic planning advising, valuation, and deal structure for early stage and small businesses. In addition, he is a member of the Deming Center board of directors and a faculty advisor for the Deming Center Venture Fund, where his MBA teams have qualified for nine international championships for the Venture Capital Investment Competition.

Ronald W. Melicher, University of Colorado at Boulder

Ronald W. Melicher is Professor Emeritus of Finance in the Leeds School of Business at the University of Colorado at Boulder. He earned his undergraduate, MBA, and doctoral degrees from Washington University in St. Louis, Missouri. While at the University of Colorado, he received several distinguished teaching awards and was designated as a university-wide President's Teaching Scholar. A former president of the Financial Management Association, Dr. Melicher has taught entrepreneurial finance at MBA and undergraduate levels, corporate finance and financial strategy in MBA and Executive MBA programs, and investment banking to undergraduate students. While on sabbatical leave from the University of Colorado, he taught at the INSEAD Graduate School of Business in Fontainebleau, France, and at the University of Zurich in Switzerland. He has delivered numerous university-offered executive education non-credit courses and has taught in-house finance education materials for IBM and other firms. Dr. Melicher has given expert witness testimony on cost of capital in regulatory proceedings and provided consulting expertise in the areas of financial management and firm valuation. Focusing on mergers and acquisitions, corporate restructurings, and the financing and valuation of early-stage firms, his research has been published in such major journals as the JOURNAL OF FINANCE, JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, and FINANCIAL MANAGEMENT. In addition, he is the co-author of INTRODUCTION TO FINANCE: MARKETS, INVESTMENTS, AND FINANCIAL MANAGEMENT, 15e (John Wiley & Sons, 2014).
  • Completely up to date and packed with new examples, ENTREPRENEURIAL FINANCE, 6e, reflects the latest trends, issues, and developments from the field.
  • The sixth edition includes the most current materials available from the clarification of the new securities law features enabled by the JOBS Act -- including securities crowdfunding.
  • All-new "From the Headlines" stories highlight recent early-stage companies and their financing histories, giving students real-world insight into chapter concepts.
  • TWO CAPSTONE CASES ENABLE STUDENTS TO SYNTHESIZE ESSENTIAL IDEAS. In addition to thorough coverage of key concepts and engaging, real-world examples to bring them to life, the text includes two in-depth capstone cases that give students hands-on experience integrating and applying the numerous concepts they have explored.
  • END-OF-CHAPTER MATERIALS PROVIDE WEALTH OF OPPORTUNITIES TO APPLY CONCEPTS. Each chapter concludes with a variety of learning features to help students review and apply the material, assess their understanding, and identify any areas in need of additional attention. Highlights include Chapter Summaries, Key Terms, Discussion Questions, Internet Activities, Exercises and Problems, Supplemental Exercises, and Mini Cases.
  • ENGAGING, CONVERSATIONAL STYLE MAKES THE TEXT REMARKABLY STUDENT FRIENDLY. The authors' conversational, reader-friendly tone and straightforward explanations make even complex concepts easier to understand, apply, and retain.
  • TIME-SAVING INSTRUCTOR MATERIALS SIMPLIFY CLASS PREPARATION. The text's robust companion website includes a variety of resources to enhance your teaching experience and reduce preparation time. Written by the text authors, the Instructor's Manual includes answers to end-of-chapter questions and problems, and an extensive Test Bank provides true/false and multiple-choice questions as well as short test problems. Microsoft® PowerPoint® lecture slides bring lectures to life, while supplementary Excel® spreadsheet models allow students to complete exercises linked to specific text chapters.
Part 1: THE ENTREPRENEURIAL ENVIRONMENT.
1. Introduction to Finance for Entrepreneurs.
2. Developing the Business Idea.
Part 2: ORGANIZING AND OPERATING THE VENTURE.
3. Organizing and Financing a New Venture.
4. Preparing and Using Financial Statements.
5. Evaluating Operating and Financial Performance.
Part 3: PLANNING FOR THE FUTURE.
6. Managing Cash Flow.
7. Types and Costs of Financial Capital.
8. Securities Law Considerations When Obtaining Venture Financing.
Part 4: CREATING AND RECOGNIZING VENTURE VALUE.
9. Projecting Financial Statements.
10. Valuing Early-Stage Ventures.
11. Venture Capital Valuation Methods.
Part 5: STRUCTURING FINANCING FOR THE GROWING VENTURE.
12. Professional Venture Capital.
13. Other Financing Alternatives.
14. Security Structures and Determining Enterprise Values.
Part 6: EXIT AND TURNAROUND STRATEGIES.
15. Harvesting the Business Venture Investment.
16. Financially Troubled Ventures: Turnaround Opportunities?
Part 7: CAPSTONE CASES.
Case 1. Eco-Products, Inc.
Case 2. Spatial Technology, Inc.

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  • ISBN-10: 1337635650
  • ISBN-13: 9781337635653
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  • ISBN-13: 9781305968356
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