Contents
About the Author vii
Acknowledgements ix
Chapter 1 Why Do Start-ups Raise Capital? 1
Chapter 2 Equity and the Art of Milestone-Based Financing 13
Chapter 3 A History Lesson 43
Chapter 4 Business Models 59
Chapter 5 A Day in the Life 85
Chapter 6 Valuation 111
Chapter 7 Inside the Deal 149
Chapter 8 Raising the Next Round 201
Chapter 9 Towards the Exit 245
Chapter 10 Building Value: The Business of Venture Capital 281
Case Study Solutions 293