All money is not created equal : how entrepreneurs can crack the code to getting the right funding for their startup / David Spreng.

Format:

Book

Author/Creator:

Spreng, David, author.

Language:

English

Subjects (All):

New business enterprises--Finance.

New business enterprises.

Physical Description:

1 online resource (242 pages)

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, Inc., [2023]

Summary:

Finance your company's growth without losing your stake in it Too often, thanks to multiple rounds of equity investment, company founders wind up with only a small fraction of the businesses they start. But this situation isn't inevitable. The intelligent use of a variety of financing options--including debt financing--can help to maintain, or even grow, a founder's stake. In All Money Is Not Created Equal: The Entrepreneur's Guide to Finding the Right Funding for Your Business, renowned Silicon Valley veteran David Spreng delivers an expert guide for entrepreneurs and founders seeking to maintain as much ownership stake as possible in the companies they create as they move through the various stages of the financing process. The book draws on the author's decades of experience as a venture capitalist, venture debt lender, and CEO of a publicly traded company in Silicon Valley, as well as interviews with entrepreneurs, board members, investors, and bankers. Readers will also find: A well-rounded and insightful perspective on the financing process informed by industry veterans An informal and accessible exploration of a complex topic that remains critical to the success of entrepreneurs and founders Discussions of alternatives to equity financing, including debt financing, in the growth phase of startups An essential handbook for startup founders, entrepreneurs, and managers, All Money Is Not Created Equal also deserves a place in the hands of company board members, venture capitalists, investors, and investment bankers interested in the company financing process.

Contents:

Cover

Title Page

Copyright Page

Contents

Foreword

Acknowledgments

Introduction

Part One Setting the Stage

Chapter 1 A Tale of Two Companies

Key Takeaways

Chapter 2 All About Growth: My Journey from Venture Capital to Venture Debt

Part Two Startups: Understanding the Arena

Chapter 3 The Stages of a Startup

What Funding Looks Like

Seed

Early Stage

Late Stage

Growth

Chapter 4 Geography Matters - to a Point

What's in a Name?

Chapter 5 The Startup Ecosystem

How Startup Funding Works

Going from Idea to IPO

Pre-Seed or Seed Stage

Outsourcers and Recruiters

Part Three Getting the Money

Chapter 6 Your First Outside Investors

Eye of the Investor

Chapter 7 What Kind of Money Is Right for Your Business?

When to Borrow Money

Banks versus Venture Debt Lenders

When Debt Doesn't Make Sense

On the Fence

Key Takeways

Chapter 8 The Ins and Outs of Venture Capital

How is venture capital different from angel money?

What is the difference between venture capital and private equity?

Where does the money for venture capital come from?

How specifically does a fund work?

How is the money from a fund invested?

What does the fund get for its investment in a startup?

What do founders get?

When do LPs get returns from VC fund investments?

When does the VC firm/general partner get paid out?

When do founders see money?

Why do investors take such risks with venture capital?

Chapter 9 Debt Is Not a Four-Letter Word

Not Like Other Debt

Chapter 10 What a Deal with Debt Looks Like

Getting Started

The Process

Going to the Board

How Much?

The Interest-Only Period

Covenants Are Your Friend

Key Takeaways.

Chapter 11 Making the Most of Debt

Be Realistic

Be Confident

Know What Kind of Lender You're Dealing With

What to Watch For

Bank Money? Don't Bank on It

Chapter 12 Options for Exits

Cons

Alternative Exits

On Their Radar

Liquidity versus Liquidation

Part Four Making the Best Use of Your Money

Chapter 13 Bullshitters, Liars, and Jerks

Bullshitters

Liars

Bullshitting versus Lying

Jerks

Chapter 14 Bullshitters, Liars, and Jerks, Part 2: What You Need to Be on Guard For

Transparency Is Essential

Chapter 15 Your Team: Getting the Right People in the Right Jobs

Too Much Turnover

The "Need for Speed"

Making the Money Count versus Counting the Money

Chapter 16 Founder versus CEO

Chapter 17 Getting the Most from Your Board

Structure

Lead Director

How the Board Adds Value

Chapter 18 The Moral Contract

Part Five Going Forward

Chapter 19 Runway's Story of Going Public

Gating Events

Chapter 20 Conclusion

Appendix

Glossary

Recommended Reading, Listening, and Viewing

FAQs

Sample Term Sheet

Index

EULA.

Notes:

Description based on print version record.

Includes index.

Other Format:

Print version: Spreng, David All Money Is Not Created Equal

ISBN:

9781119887829

1119887828

OCLC:

1390117367