Entrepreneurial Finance: Strategy, Valuation, and Deal Structure

Learning Objectives

After reading this chapter you should be able to:

• Identify the financing sources available to a new venture and understand some of the factors that tend to favor one source over another

• Recognize the basic attributes of the various financing sources and when each source is likely to be available

• Understand some of the considerations that influence the choice of financing, including organizational form and regulatory considerations

• Recognize and use terminology commonly adopted by participants in the market for new venture financing

• Identify the key elements of deal structure (term sheets and investment agreements) and the basic functions they serve

• Understand international differences in financing options