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 and indispensable resource for both practitioners and would-be practitioners alike. Lin Hong Wong combines his extensive experience and knowledge acquitted 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.
Table of Contents:
Chapter 1: Introduction Chapter 2: VC Financing Chapter 3: VC Organization Chapter 4: Raising Funds Chapter 5: Limited Partnership Agreement Chapter 6: Deal Sourcing Appendix 6A: Non-Disclosure Agreement Appendix 6B: Deal Log Chapter 7: Deal Screening Appendix 7A: Deal Alert Chapter 8: Due Diligence Basics Chapter 9: Due Diligence of Management Chapter 10: Due Diligence of Marketing & the Market Chapter 11: Due Diligence of Manufacturing Chapter 12: Due Diligence of Financial & Legal Aspects Chapter 13: Valuation Appendix 13A: The Venture Capital Method Appendix 13B: A Spreadsheet Model for the Venture Capital Method Chapter 14: Investment Securities. Chapter 15: Deal Structuring Chapter 16: Term Sheet Appendix 16A: Term Sheet Chapter 17: Deal Negotiation Chapter 18: Conditions Precedent Chapter 19: Investment Documentation Chapter 20: Monitoring & Adding Value Appendix 20A: Quarterly Monitoring Report Chapter 21: Realizing & Recovering Value Chapter 22: Fund Performance Appendix 22A: Valuation Report Chapter 23: Qualities of a VC Firm Appendix 23A: GP's Letter to Shareholders