Entrepreneurial Finance

The factors that motivate the book are the growing demand for books on entrepreneurial finance, and the dearth of texts on the subject. This demand stems chiefly from the rapid pace of technological advancement together with a trend toward commercializing these advancements through newly created firms rather than through existing ones. For the last four years Dr. Mitchell has taught a very popular course called "New Firm Financing" developed for students who already have or intend to take positions with high-tech entrepreneurial firms in North Carolina's Research Triangle or start high-tech firms of their own. This book incorporates many of the materials she developed to teach the course.The book targets the emerging market for the a new kind of financial management text created by the current explosion of entrepreneurial activity. It describes financial management problems business founders face as they start, grow and exit their businesses. Coverate Includes:*Financial aspects of the decision to start a business,* business plans, *sources of start-up funds, *creation of financial-information systems, *sources of funds for growing the business, *valuation of private businesses, *financial contracting, and*harvesting the business are covered. The examples are drawn mainly from the high-technology sector.