{"title":"Andrew Metrick","description":"\u003cp\u003eAndrew Metrick’s works offer a comprehensive exploration of financial innovation, with a particular focus on venture capital and its impact on the modern economy. Readers can expect clear, well-structured analysis that bridges theory and practice, suited for those eager to deepen their understanding of complex financial systems.\u003c\/p\u003e\n\n\u003cp\u003eIdeal for students and professionals alike, these books combine rigorous research with accessible explanations, making them valuable resources in the \u003cem\u003eEducation \u0026amp; Reference\u003c\/em\u003e category. Metrick’s writing is a guide to navigating the evolving landscape of finance and investment.\u003c\/p\u003e","products":[{"product_id":"venture-capital-and-the-finance-of-innovation-by-andrew-metrick-9781119490111","title":"Venture Capital and the Finance of Innovation","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eAn invaluable resource for current and aspiring technology investors, \u003ci\u003eVenture Capital and the Finance of Innovation\u003c\/i\u003e provides an in-depth understanding of the tools and models needed to succeed in this competitive and highly fluid business environment. Building on a comprehensive introduction to fundamental financial and investment principles, the text guides the reader toward a robust skill set using enterprise valuation and preferred stock valuation models, risk and reward, strategic finance, and other concepts central to any venture capital and growth equity investment.\u003c\/p\u003e\n\n\u003cp\u003eTwo features of the book stand out from other sources on the subject. First, it pays special attention to the enterprise valuation methodology for high-growth companies. What drives the value of a company that has little physical assets, is losing money now but has a small chance of achieving great success in several years? How do you create estimates for sales, profit, and return on capital when little data is available? The book answers these questions using a discounted cash flow model that is tailor-made for technology companies (DCF.xlsx downloadable from the instructor website), and the comparables model. Second, it highlights the most valuation-relevant feature of VC term sheets, namely the use of convertible preferred stock. The book shows the reader how to use a user-friendly and automated valuation model of VC preferred stock (available at www.vcvtools.com) to value various types of preferred stock and to visualise how term sheets split the values of the firm between entrepreneurs and VCs.\u003c\/p\u003e\n\n\u003cp\u003eAccessible, comprehensive, and assuming only basic knowledge of venture capital, this text offers essential guidance for successful VC and growth equity investing in any market.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47464763752684,"sku":"9781119490111","price":302.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9781119490111-venture-capital-and-the-finance-of-innovation.jpg?v=1775053617"}],"url":"https:\/\/bookhero.co.nz\/collections\/andrew-metrick.oembed","provider":"Book Hero","version":"1.0","type":"link"}