The Venture Capital Investment Process - by Darek Klonowski (Hardcover)

About the Book

"The completion of a successful venture capital transaction requires the deal to progress through a multi-stage process. Guiding this progression is no easy task for venture capitalists, as they face a number of challenges related to their external and internal environments. In the external environment, venture capitalists must interact with the entrepreneurs and assume a myriad of roles - coach, educator, partner, negotiator, etc. In the internal environment, venture capitalists must ensure that deals pass the scrutiny of colleagues in the fund and go through three communication channels. The book provides one of the most comprehensive overviews of the inner mechanics of processing venture capital deals from the fund manager's perspective. The venture capital process is captured in an 8-stage investment model"--Provided by publisher.

Book Synopsis

The book provides one of the most comprehensive overviews of the internal and external challenges of processing venture capital deals, providing an eight stage investment model that breaks down each part of the deal into its own specific challenges and rewards.

Review Quotes

"Klonowski takes a different tack in this interesteing book...His chapters on due diligence will help any entrepreneur understand the questions venture capitalists will ask when they are considering an investment...Highly reconommended." - Choice

"Professor Klonowski has written an in depth analysis of the venture capital process providing a useful perspective for both entrepreneurs and venture capitalists alike." - Terry McGuire, Chairman, National Venture Capital Association, General Partner, Polaris Venture Partners

"An insider's look into processing a deal in the private equity and venture capital industry. Klonowski has both the academic knowledge and first-hand experience as a venture capitalist." - Douglas Cumming, Associate Professor and Ontario Research Chair York University

"Private equity and venture capital hold an important role in the economy by driving productivity, innovation and job creation. Professor Klonowski provides a comprehensive overview to the inner workings of the private capital process." - Gregory J. Smith, President, Canada's Venture Capital and Private Equity Association Managing Partner, Brookfield Financial

About the Author

Darek Klonowski is a professor of Business Administration at Brandon University, Canada. He has worked in the venture capital industry for over fifteen years. Dr. Klonowski also advised multiple clients on asset allocation strategies in the context of private equity and venture capital. He has participated in numerous industry conferences as guest speaker. He has written extensively on entrepreneurship and venture capital. His research appeared, among others, in Journal of Private Equity, Venture Capital: An International Journal of Entrepreneurial Finance, Journal of Applied Corporate Finance. His latest books include 'Private equity in Poland: Winning leadership in emerging markets' (2011) and 'Private equity in emerging markets: The new frontiers of international finance' (2012).