Entrepreneurial finance‚ a casebook. Paul A. Gompers and William A. Sahlman. John Wiley & Sons‚ Inc. 2002 1 Entrepreneurial finance Project assessment (POCD) Funding (amount‚ firm’s value‚ best partner) Deal (ownership / control / incentives) Exit (IPO) Project Assessment • 4 critical success factors for entrepreneurial ventures People Opportunity Deal Context 3 People I’d rather back a ‘A’ team with a ‘B’ idea than a ‘B’ team with an ‘A’ idea • Who are the key players
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The Knot was formed in December 1995 by David Liu‚ the co-founder and CEO with a dream of building the country’s number-one wedding resource online. The core management team started with Daivd Liu (CEO)‚ Carley Roney (VP of creative development)‚ Michael Wolfson (VP of new business development) and Rob Fassino (VP of marketing). David Liu and Carley Roney co-founded RunTime‚ Inc. which was a CD-Rom development company. Wolfson and Fassino were the founders of Digital Media Division and later partnered
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ABSTRACT The term “E-Trading” refers to the electronic share trading. It is the process through which online trading of securities(Stocks and Bonds)‚foreign currency and derivatives are traded electronically. There are generally two types of online trading i.e. Business-to- Business trading and Client-to-Client trading. It is a very popular method where the buying and selling of shares is done within some minutes. Generally this share trading market is in a boom in the states like Maharashtra
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Additionally the TeliaSonera was obliged by the Government to sell 25 percent of the shares minus one share in Kcell in an Initial Public Offering (IPO). As result of the IPO the Kcell shares was purchased by the Kazakhstani companies – Central Securities Depositary JSC and Grantum Accumulative Pension Fund JSC in the amount of 23.31% and 1.14% respectively (amounts are as of 31 December 2014). According to the
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Accounting Irregularities at Groupon Introduction In September 23 2011‚ Groupon (the Company)‚ a rapidly growing online coupon merchant was forced by the SEC to file a restated S-1 registration statement. The reason for the restatement was that the SEC objected to the accounting methods that Groupon used in the calculation of its revenue‚ causing it to be overstated. According to Villanova University (2012)‚ Groupon’s auditors at Ernst & Young stated that Groupon was not setting aside sufficient
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filed with the SEC1. In the IPO‚ the Ebay issued 3‚500‚000 new shares. The initial price to the public was $18.00 per share. The final first-day closing price was $44.88. 1. If the investment bankers retained $1.26 per share as fees‚ what was the net proceeds to Ebay? What was the market capitalization of new shares of Ebay? Solution: Net Proceeds to Ebay (18.00 1.26) 3‚500‚000 $58‚590‚000.00 Market Cap 44.88 3‚500‚000 157‚080‚000 2. Two common statistics in IPOs are underpricing and money
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other than the public equity market could be tapped to satisfy those needs? 3. Why in general do companies go public? What are the advantages and disadvantages of public ownership? 4. The case points out that the IPO market is sometimes characterized as a “hot issue”’ market and that many IPOs are viewed in retrospect as having been “underpriced”. What might explain these phenomena? Should the Netscape board be concerned about underpricing? Why or why not? 5. Can the recommended offering price of $28
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TIME CONTEXT: March 2015 PROBLEM STATEMENT: Ms. Mighta Fores lacks a proper education on business or strategic planning. With 200m and 25% income how can M have IPO to raise capital for further expansion. STATEMENT OF THE OBJECTIVES: • To improve the company performance and financial profitability of CIBO to be able to have an IPO (Initial Public Offering) to raise capital for further expansion. AREAS OF CONSIDERATION: STRENGTH • She is the President of food related ventures like CIBO INC.
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INTRODUCTION OF KOTAK MAHINDRA GROUP 1. The Kotak Mahindra Group Kotak Mahindra is one of India’s leading financial conglomerates‚ offering complete financial solutions that encompass every sphere of life. From commercial banking‚ to stock broking‚ to mutual funds‚ to life insurance‚ to investment banking‚ the group caters to the financial needs of individuals and corporate. The group has a net worth of around Rs. 3‚200 crore‚ employs around 10‚800 people
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management team and sustainable business. VC demand high return on investment and sells stock usually to public through IPO. ii. Investment Bank underwriters: provide advisory financial services‚ make offerings to companies‚ underwrites the shares and introduce firm to the investors normally in the form of road shows. They help entrepreneurs in the actual process of doing IPO iii. Sell-side analysts: work at the investment bank and brokerage houses. They monitor the performance of public company
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