Entrepreneurial finance, 4th ed.

Abstract

The life of an entrepreneur is exciting and dynamic. The challenge of envisioning a new product or service, infecting others with entrepreneurial zeal, and bringing a product to market can be one of the great learning experiences in life. All ventures require financing—taking investors’ money today and expecting to return a significantly larger amount in the future. Typically the return comes from the venture’s public offering, sale, or merger. In the interim, the venture must manage its financial resources, communicate effectively with investors and partners, and create the harvest value expected by investors.