{"product_id":"angel-financing-isbn-9780471350859","title":"Angel Financing","description":"\u003cp\u003e\u003cb\u003eYour guardian angel has arrived\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCapital is the single most important factor to getting your venture off the ground, but finding it can be a challenge, particularly if you're running out of funding options. Suppose your venture is too small for institutional players. What do you do once you've exhausted your personal financial resources? Where do you go after banks, the leasing companies, the venture capital firms, have turned you down? What you need is an \"angel\"--a private investor with high net worth. \u003ci\u003eAngel Financing\u003c\/i\u003e--the only book of its kind--provides you with a road map to this valuable, little known, source of capital financing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eExplains the structure of the direct private capital market\u003c\/b\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003eCovers everything from the valuation process to writing an investor-oriented business plan\u003c\/li\u003e \u003c\/ul\u003eKapital ist das wichtigste Mittel, um ein Geschaftsvorhaben zu realisieren. Die Beschaffung von Kapital kann jedoch zu einer echten Herausforderung werden, insbesondere dann, wenn Ihr Vorhaben zu klein ist fur institutionelle Anleger, Sie Ihre eigenen Finanzmittel ausgeschopft haben und von Banken, Leasingunternehmen und Kapitalbeteiligungsgesellschaften auch keine Unterstutzung zu erwarten ist. Jetzt kann Ihnen nur noch ein Wunder helfen oder ein \"Engel\", d.h. ein privater Investor mit einem hohen Eigenkapital. \"Angel Financing\" ist ein einzigartiges, bahnbrechendes Buch, das Ihnen die Wegbeschreibung liefert, um Ihren eigenen personlichen \"Engel\" aufzuspuren. Fur den Investor halt Benjamin gleicherma?en einen Leitfaden bereit, damit er die Chancen seiner Investition bewerten kann. Eine unverzichtbare Lekture fur Kapitalbeschaffung und Investition. (11\/99) THE CHALLENGE AND THE SOLUTION.\u003cbr\u003e \u003cbr\u003e The Challenge.\u003cbr\u003e \u003cbr\u003e The Private Placement Investment.\u003cbr\u003e \u003cbr\u003e A Strategy That Works.\u003cbr\u003e \u003cbr\u003e THE ANGEL INVESTOR.\u003cbr\u003e \u003cbr\u003e Alternative Sources of Capital.\u003cbr\u003e \u003cbr\u003e What Do Private Investors Look For in a Deal?\u003cbr\u003e \u003cbr\u003e Types of Private Investors.\u003cbr\u003e \u003cbr\u003e The Newest Breed of Angel: The Manager-Investor.\u003cbr\u003e \u003cbr\u003e RESOURCES: FINDING ANGEL INVESTORS.\u003cbr\u003e \u003cbr\u003e Alternative Funding Resources in Accessing Angel Capital.\u003cbr\u003e \u003cbr\u003e Building Your Own Database of Angel Investors.\u003cbr\u003e \u003cbr\u003e The Role of the Placement Agent in Raising Capital: A Marketing Partner for Your Deal.\u003cbr\u003e \u003cbr\u003e THE INVESTOR PERSPECTIVE.\u003cbr\u003e \u003cbr\u003e The Venture Process.\u003cbr\u003e \u003cbr\u003e The Valuation Process in Private Transactions.\u003cbr\u003e \u003cbr\u003e Due Diligence.\u003cbr\u003e \u003cbr\u003e On-line Options: Entrepreneurs, Investors, and Web-Sites.\u003cbr\u003e \u003cbr\u003e Conclusion.\u003cbr\u003e \u003cbr\u003e Appendices. \u003cp\u003e\u003cb\u003eGerald A. Benjamin (Sausalito, CA)\u003c\/b\u003e is a Senior Managing Partner of International Capital Resources (ICR), an investment banking, corporate finance, and capital sourcing firm. He is also publisher of the California Investment Review.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJoel Margulis (Mill Valley, CA)\u003c\/b\u003e is a freelance writer who has published books and articles on a range of business and finance topics.\u003c\/p\u003e \u003cb\u003eThe goal of Angel Financing is to get deals funded by providing useful, research-grounded, relevant, practical information to investors, entrepreneurs, and intermediaries.\u003c\/b\u003e \u003cp\u003eThis area of investment is the \"pre-IPO,\" characterized by private placement transactions primarily equity in nature. Entrepreneurs must understand the problem, face the challenge, and possess the skills necessary to address the problem. Because their resources, time, and training are limited, entrepreneurs must understand the private placement, a unique process that demands a capitalization strategy.\u003c\/p\u003e \u003cp\u003eMost importantly, entrepreneurs must embrace the investor perspective. In this one-of-a-kind book, Angel Financing provides a strategy that works. Hundreds of people have used the principles detailed in this book to raise millions of dollars.\u003c\/p\u003e \u003cp\u003eThe value of the angel investor, after all, can no longer be denied: Angel capital is the primary source of capital for early-stage deals. This fact alone accounts for the plethora of matching networks, seminars, and venture forums on the subject. Although the huge contribution of the angel capital market in creating jobs, expanding the tax base, and increasing our global competitiveness through technological innovation is well known, little is understood about the angel equity market and how deals really get done.\u003c\/p\u003e \u003cp\u003eMoreover, over the last ten years, the authors have built the largest angel database in North America and interviewed thousands of investors about the nature of the pre-IPO investment process. Through their proprietary research and their comprehensive development of a typology of investors, the reader will not only be better positioned to identify and qualify investors, but will also be better sensitized to prepare the documents and the sales strategy to close their deals.\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eAngel Financing\u003c\/i\u003e, the angel investors tell their stories in their own words. The reader learns in depth about the forces that create this investment opportunity in high-risk investing. The reader journeys through the investors? hedging strategies, risk assessments, syndication orientation, financial return expectations, deal structuring preferences, monitoring investments, harvesting returns, and realistic exit strategies.\u003c\/p\u003e \u003cp\u003eWhat?s more, many investors themselves do not understand the valuation process involved in \"blue sky\" deals where there are no historical financials available. The valuation process is an art form in early-stage investing and for the first time it is candidly reviewed.\u003c\/p\u003e \u003cp\u003eEven more important is the due diligence process. Angel Financing answers the most basic questions that sometimes even investors are too embarrassed to ask. So for straight talk on how to make money in this market, get the insights of the successful investors who have made millions.\u003c\/p\u003e \u003cp\u003eIn the United States, two million investors possess the discretionary net worth necessary to invest in pre-IPO private placements. Why is it that only 250,000 to 300,000 are active each year? The reason is that these investors—while interested—do not understand the process, do not understand how to find the deal, do not know how to determine which deal justifies their efforts, and do not know how to develop a hedging strategy.\u003c\/p\u003e \u003cp\u003eWhether you are a dreamer, dream maker, or providing services to either, Angel Financing is the ultimate practical reference guide to add to your professional business development library.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGet the money your start-up business needs\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Finally, two experienced fundraising advisors demystify the process for entrepreneurs and individual investors. This should be required reading for ALL start-up companies because an outside capital investment is paramount to their existence.\"\u003cbr\u003e—\u003cb\u003eLori King\u003c\/b\u003e CEO and Founder NVST.COM, Inc.\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eAngel Financing\u003c\/i\u003e presents an innovative capitalization strategy that works. Based on extensive academic research and filled with practical advice, it is an invaluable resource for all participants in the early-stage capital formation process.\"\u003cbr\u003e—\u003cb\u003eE. Jeffrey Lyons\u003c\/b\u003e Managing Director Marquette Consulting Group, Inc.\u003c\/p\u003e \u003cp\u003e\"I think Angel Financing must be read by all those looking to raise capital. It is also a great resource for those angel investors with little experience but the desire to get involved with early- stage companies.\"\u003cbr\u003e—\u003cb\u003eGeorge A. Mathews\u003c\/b\u003e President Southwest Capital Resources, Inc.\u003c\/p\u003e \u003cp\u003e\"Angel Financing is the most comprehensive guide for private investments that I have seen. A must-read for angels and entrepreneurs!\"\u003cbr\u003e—\u003cb\u003eJerry E. White\u003c\/b\u003e Business Founder, Owner, and Chairman\/CEO ICR Licensee\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988739735781,"sku":"NP9780471350859","price":73.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471350859.jpg?v=1761781400","url":"https:\/\/k12savings.com\/es\/products\/angel-financing-isbn-9780471350859","provider":"K12savings","version":"1.0","type":"link"}