Author
Andrew Metrick - Yale University
Ayako Yasuda - University of California, Davis
Description
• Innovative model for the valuation of start-ups.
• The relationships between risk and return and strategy and finance in venture capital.
• Historical statistics on the performance of venture capital investments.
• Total Valuation: the data and methods used to value a high-growth company.
• Partial Valuation: how to visualise and evaluate the special features of VC transactions such as convertible preferred stock, participating preferred stock, payment-in-kind dividends, and liquidation preferences.
• Framework for modeling investment in "research and development."
• Cutting edge techniques such as Monte-Carlo analysis, real options, binomial trees, and game theory.
Table of Contents
Part 1 VC BASICS
Ch 1 The VC Industry
Ch 2 VC Players
Ch 3 VC Returns
Ch 4 The Cost of Capital for VC
Ch 5 The Best VCs
Ch 6 VC Around the World
Part 2 TOTAL VALUATION
Ch 7 The Analysis of VC Investments
Ch 8 Term Sheets
Ch 9 Preferred Stock
Ch 10 The VC Method
Ch 11 DCF Analysis of Growth Companies
Ch 12 Comparables Analysis
Part 3 PARTIAL VALUATION
Ch 13 Option Pricing
Ch 14 The Valuation of Preferred Stock
Ch 15 Later-Round Investments
Ch 16 Participating Convertible Preferred Stock
Ch 17 Implied Valuation
Ch 18 Complex Structures
Part 4 THE FINANCE OF INNOVATION
Ch 19 R&D Finance
Ch 20 Monte Carlo Simulation
Ch 21 Real Options
Ch 22 Binomial Trees
Ch 23 Game Theory
Ch 24 R&D Valuation
