In my opinion, one of the best venture capital books is:
Feld, Brad and Mendelson, Jason, 2011. Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist, 3rd Edition, Hoboken, New Jersey: John Wiley & Sons, Inc.
Brad and Jason do a great job of introducing foundational venture concepts and topics. I use the text in our Venture Capital Immersion Program at Miami University.
For a deep dive on due diligence frameworks/tactics, I recommend:
Camp, J. J. 2002. Venture Capital Due Diligence: A Guide to Making Smart Investment Choices and Increasing Your Portfolio Returns. New York: John Wiley & Sons, Inc.
For a deep dive in negotiation and term and conditions/term sheets, I recommend:
Wilmerding, A. 2006. Term Sheets & Valuations: A Line-by-Line Look at the Intricacies of Term Sheets & Valuations. New York: Thomson / Aspatore.
In addition, there are several very good podcasts that I use in the course as well. Here are two that I've found most useful:
Nick Moran's The Full Ratchet
Harry Stebbings' The Twenty Minute VC
Enjoy.
Tim
Tim R. Holcomb Ph.D.
Associate Professor and Cintas Chair in Entrepreneurship |
Institute for Entrepreneurship and Department of Management | Farmer School of Business | Miami University |
2075 FSB/MSC 1148 | 800 E. High Street | Oxford, Ohio 45056 | Mobile: +1.214.704.3568 | Office: +1.513.529.3665 | Fax: +1.513.529.6992 | Email: holcomtr@MiamiOH.edu |
Farmer School of Business Website: http://www.fsb.miamioh.edu/directory/holcomtr | SSRN Author Page: http://ssrn.com/author=619640 |
LinkedIn: https://www.linkedin.com/in/timrholcomb | Follow me on Twitter: @timrayholcomb |
From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.AOM.ORG] On Behalf Of Craig E. Armstrong
Sent: Saturday, December 16, 2017 5:54 PM
To: ENTREP@AOMLISTS.AOM.ORG
Subject: Re: [ENTREP] Ideas/ Suggestions for New Venture Financing Course
Colleagues:
I developed and taught a new venture finance course for undergraduate students this semester using:
and lots of company examples from Crunchbase.com, sec.gov, etc. I have found that most students will go the self-funded and F&F routes first, and the F&F guide covers some really important topics to keep students from creating a financial mess from day one. Understanding valuation logic is the next most important step, but I have again also found that students don't understand that they are responsible for creating a legitimate pre-money valuation by building as much value into the venture before they get outside funding. We've all sat through presentations where they say they need $50,000 for 10% of the company based on a semi-polished pitch deck. No more!
Most important concepts are that they understand (1) legal issues with F&F, (2) pre-money valuations and how to justify them, (3) how to make and interpret cap tables, and (4) the inevitable dilution that comes with the progression of investments into VC (i.e.., the < 1% of our students who get there).
Hope this helps!
On Sat, Dec 16, 2017 at 11:35 AM, John Mullins <jmullins@london.edu> wrote:
Rebecca, Alex and others:
Sorely needed, and long overdue! Since publishing my newest book, The Customer-Funded Business, in 2014, I've been developing case material to teach such principles. You'll find it at The Case Centre (www.thecasecentre.org): Budgetplaces.com (set in Barcelona), NakedWines.com (UK, US, AU: it should be there in the next couple of weeks), and Nobel (US, Romania). Chapter 1 of The CFB is available for free download for you and your students at my London Business School web page, noted in my signature below. Very happy to help with any questions. Perhaps we should do as the effectuation folks have done, and plan regular meetings for like-minded faculty.
Best,
John
John W. Mullins, PhD
Associate Professor of Management Practice
Marketing and Entrepreneurship
London Business School
Sussex Place, Regent's Park
London NW1 4SA
United Kingdom
Phone: + 44 (0) 207 000 8161
Web: http://faculty.london.edu/jmullins/
My latest book: www.TheCustomerFundedBusiness.com
From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.AOM.ORG] On Behalf Of Rebecca Fakoussa
Sent: Saturday, December 16, 2017 3:29 AM
To: ENTREP@AOMLISTS.AOM.ORG
Subject: Re: [ENTREP] Ideas/ Suggestions for New Venture Financing Course
Dear Alexandra
This is a very interesting topic and I would be interested in working with you to develop some materials.
I am based in the UK where I realise our systems are different but I would be keen to explore.
On 14 Dec 2017 22:10, "Alexandra Kostakis" <akostaki@syr.edu> wrote:
Dear Colleagues-
I am reinventing a venture financing course so that it focuses less on angel investing and VCs and more on the alternatives (bootstrapping methods, FFF, crowdfunding, SBA loans, etc.). Does anyone have a syllabus that they are willing to share or interesting ideas/ insights? Maybe exercises that you have seen being used in class to help students understand these methods? Thank you in advance for your assistance and happy holidays!
Sincerely-
Alex
Alexandra Kostakis
Assistant Professor of Entrepreneurial Practice
Harrison House Master
CIE Learning Community Faculty Lead
SUPA EEE Faculty Lead
Whitman School of Management
721 University Ave., 116C
Syracuse, NY 13244-2450
akostaki@syr.edu
************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or Kevin Cox (kcox24@my.fau.edu). Ventures HO!
************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or Kevin Cox (kcox24@my.fau.edu). Ventures HO!
************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or Kevin Cox (kcox24@my.fau.edu). Ventures HO!
************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Jeff Pollack (jeff_pollack@ncsu.edu) or Kevin Cox (kcox24@my.fau.edu). Ventures HO!
************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here:
). Ventures HO!