Entrepreneurial Finance: Strategy, Valuation, and Deal Structure
Chapter 1. Introduction
Learning Objectives
After reading this chapter you should be able to:
• Describe the evolution of thinking about entrepreneurship
• Understand that the objective of maximizing value for the entrepreneur and its centrality to the study of entrepreneurial finance
• Describe the process of new venture formation from inception of the idea to harvesting of the investment
• Distinguish the various stages of new venture development
• Understand the value of tying new venture financing to milestones that mark a venture’s progress
• Recognize that studying entrepreneurial finance leads to better investment and financing decisions and increases the potential for establishing a successful venture
• Understand how the business plan is related to strategic planning and implementation