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.
By:
David Spreng,
Patricia m O'Connell
Imprint: John Wiley & Sons Inc
Country of Publication: United States
Dimensions:
Height: 231mm,
Width: 160mm,
Spine: 25mm
Weight: 408g
ISBN: 9781119887805
ISBN 10: 1119887801
Pages: 240
Publication Date: 20 July 2023
Audience:
General/trade
,
ELT Advanced
Format: Hardback
Publisher's Status: Active
Foreword ix Acknowledgments xi Introduction xiii Part One: Setting the Stage 1 Chapter 1: A Tale of Two Companies 3 Chapter 2: All About Growth: My Journey from Venture Capital to Venture Debt 17 Part Two: Startups: Understanding the Arena 29 Chapter 3: The Stages of a Startup 31 Chapter 4: Geography Matters – to a Point 45 Chapter 5: The Startup Ecosystem 53 Part Three: Getting the Money 65 Chapter 6: Your First Outside Investors 67 Chapter 7: What Kind of Money Is Right for Your Business? 75 Chapter 8: The Ins and Outs of Venture Capital 85 Chapter 9: Debt Is Not a Four-Letter Word 91 Chapter 10: What a Deal with Debt Looks Like 97 Chapter 11: Making the Most of Debt 109 Chapter 12: Options for Exits 119 Part Four: Making the Best Use of Your Money 129 Chapter 13: Bullshitters, Liars, and Jerks 131 Chapter 14: Bullshitters, Liars, and Jerks, Part 2: What You Need to Be on Guard For 137 Chapter 15: Your Team: Getting the Right People in the Right Jobs 143 Chapter 16: Founder versus CEO 151 Chapter 17: Getting the Most from Your Board 157 Chapter 18: The Moral Contract 165 Part Five: Going Forward 171 Chapter 19: Runway’s Story of Going Public 173 Chapter 20: Conclusion 183 Appendix 189 Index 211
DAVID SPRENG is a veteran investor based in Silicon Valley with 30 years’ experience as a venture capitalist and growth debt lender. As a VC, he was involved in the formation and development of approximately 50 tech companies resulting in 18 initial public offerings and 14 trade-sales. He is the founder and CEO of Runway Growth Capital.
