tailieunhanh - Lecture Patterns of entrepreneurship management (5th edition) - Chapter 8: Funding the venture – Part 1

Chapter 8 - Funding the venture, part 1: Bootstrapping and financing the closely-held company. The contents of this chapter include all of the following: Focused on early stage funding, personal, friends and family, angel financing and early private equity, factoring and supplier finance. | Copyright 2015 Jack M. Kaplan & Anthony C. Warren Bootstrapping and Financing the Closely-held Company Patterns of Entrepreneurship Management 5th Edition, Chapter 8 Part 1. Funding the Venture – Part 1 Ch 8 Pt 1 1 Personal Financing Angels Friends & Family Private Equity Government Programs Micro-Finance Factoring/ Supplier Finance Copyright 2015 Jack M. Kaplan & Anthony C. Warren Focused on early stage funding Personal, friends and family Angel financing and early private equity Factoring and supplier finance Presentation Outline Ch 8 Pt 1 Personal Financing Angels Friends & Family Private Equity Government Programs Micro-Finance Factoring/ Supplier Finance Copyright 2015 Jack M. Kaplan & Anthony C. Warren SOURCES OF START-UP FUNDS Ch 8 Pt 1 Personal Financing Angels Friends & Family Private Equity Government Programs Micro-Finance Factoring/ Supplier Finance Note: does not add to 100% as there are overlapping sources. Copyright 2015 Jack M. Kaplan & Anthony C. Warren Ultrafast . | Copyright 2015 Jack M. Kaplan & Anthony C. Warren Bootstrapping and Financing the Closely-held Company Patterns of Entrepreneurship Management 5th Edition, Chapter 8 Part 1. Funding the Venture – Part 1 Ch 8 Pt 1 1 Personal Financing Angels Friends & Family Private Equity Government Programs Micro-Finance Factoring/ Supplier Finance Copyright 2015 Jack M. Kaplan & Anthony C. Warren Focused on early stage funding Personal, friends and family Angel financing and early private equity Factoring and supplier finance Presentation Outline Ch 8 Pt 1 Personal Financing Angels Friends & Family Private Equity Government Programs Micro-Finance Factoring/ Supplier Finance Copyright 2015 Jack M. Kaplan & Anthony C. Warren SOURCES OF START-UP FUNDS Ch 8 Pt 1 Personal Financing Angels Friends & Family Private Equity Government Programs Micro-Finance Factoring/ Supplier Finance Note: does not add to 100% as there are overlapping sources. Copyright 2015 Jack M. Kaplan & Anthony C. Warren Ultrafast Milestones and Value Creation Funding Stages Should Match Milestones Ch 8 Pt 1 Personal Financing Angels Friends & Family Private Equity Government Programs Micro-Finance Factoring/ Supplier Finance Copyright 2015 Jack M. Kaplan & Anthony C. Warren More Suitable for the Early Stages (Covered in This Chapter) More Suitable for Later Stages (Covered in Chapter 10) Self-Funding Super-angels Moonlighting and Consulting Institutional Venture Capital Bootstrapping Private Placements Family and Friends/Angels Corporate Debt Micro-equity, Micro-loans Strategic Partnerships Personally Secured Bank Loans Mezzanine Finance Factoring and Supplier Financing Initial Public Offerings Government Programs Comparison of Early Stage and Later Stage Sources of Finance Ch 8 Pt 1 Personal Financing Angels Friends & Family Private Equity Government Programs Micro-Finance Factoring/ Supplier Finance Copyright 2015 Jack M. Kaplan & Anthony C. Warren The Virtual Company The internet enables a new venture to develop