Written by a seasoned practitioner, Venture Capital Fund Management arguably provides the most comprehensive coverage of the entire professional practice of a venture capital firm. Offering in-depth explanations of concepts, practical advice on methodologies, and suggestions of best practices, this book covers topics such as venture capital fund-raising, deal sourcing and screening, due diligence, valuation, deal structuring, deal negotiation, and legal documentation, as well as the post-investment processes of monitoring, adding value, and divestment. This book also provides readers with crucial information surrounding issues that commonly affect venture capital firms, such as corporate governance, public disclosure, corporate structure, corporate qualities, fund performance measures, investor relations, tax, legal, and staffing issues. Furthermore, by applying total quality management concepts to the due diligence process, the author has created a systematic approach to effective due diligence. Venture Capital Fund Management is a comprehensive and integrated book on the venture capital investment practice and is truly an indispensable resource for both practitioners and would-be practitioners alike.
The book includes information on:
VC Financing
VC Organization
Raising Funds
Limited Partnership Agreement
Deal Sourcing
Non-Disclosure Agreement
Deal Log
Deal Screening
Deal Alert
Due Diligence Basics
Due Diligence of Management
Due Diligence of Marketing & the Market
Due Diligence of Manufacturing
Due Diligence of Financial & Legal Aspects
Valuation
The Venture Capital Method
A Spreadsheet Model for the Venture Capital Method
Investment Securities.
Deal Structuring
Term Sheet
Deal Negotiation
Conditions Precedent
Investment Documentation
Monitoring & Adding Value
Quarterly Monitoring Report
Realizing & Recovering Value
Fund Performance
Valuation Report
Qualities of a VC Firm
GP's Letter to Shareholders About the Author:
Lin Hong Wong combines his extensive experience and knowledge acquired from a decade as a senior partner in a leading Asian venture capital firm and a near-decade as a CEO of high-tech manufacturing companies, as well as several years as a mentor in a start-up incubator, to present a practice-based and comprehensive treatment of venture capital fund management and investment.