From early beginnings in the aftermath of World War II, the venture capital industry has evolved from an ad hoc collection of pioneering investors into a sophisticated, fast paced and highly specialised industry. During this period, venture capitalists have provided the fuel for entrepreneurs to create companies that have changed the face of the planet. The question of how the venture capital industry works, however, remains a mystery for many novice entrepreneurs, and the dynamics of venture capital deals are challenging for those without first–hand experience. This book examines the fundamentals that drive the VC industry, explains how these fundamentals translate into investments, and culminates in a blow–by–blow account of how venture capital deals are negotiated and structured by examining a real venture capital ‘term sheet’ in detail. Raising Venture Capital provides practical insights into positioning a business to raise venture capital finance, and how to navigate...
