Finance and Venture Capital Markets

TL;DRAbstract

In this chapter, we introduce the various sources of finance available to an entrepreneur from two distinct but related vantage points. We will first explore the sources of financing available at particular stages of venture development relying on a five stage model presented in the section that follows. After this, we discuss particular sources of finance including: own funds, family and friends, commercial banks, business angels, venture capital funds and public equity markets in more detail. In view of the focus of this book on the communications industry, a more detailed overview of market conditions in the venture capital and public equity markets is provided. The ability to successfully raise finance to support the transformation of an idea into a thriving entrepreneurial business implies that an entrepreneur knows where they are in the venture development process, who they should be asking and what should they be asking. Our aim in this chapter is to give some practical insights

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