Janet Kiholm Smith is Von Tobel Professor of Economics at Claremont McKenna College.Richard L. Smith is Philip L. Boyd Chair and Professor of Finance at the University of California, Riverside.

• 1. Introduction2. New Venture Financing: Considerations and Choices3. Venture Capital and Angel Investing4. Venture Deals5. New Venture Strategy and Real Options6. Developing Venture Strategy Using Simulation7. Revenue Forecasting8. Financial Modeling9. Assessing Cash Needs10. Foundations of New Venture Valuation11. New Venture Valuation in Practice12. Designing and Valuing Staged Investment with Real Options13. Harvesting14. The Future of Entrepreneurial Finance

"Watching undergraduate students struggle with the various nuances of entrepreneurial finance, I needed a comprehensive and well-planned textbook that covers all aspects of the topic. This is that textbook. The clarity with which concepts are discussed make it a requirement in your classroom."—Thomas Tallerico, Stony Brook University "This book is an invaluable source to teach (and learn) from. The authors provide a much-needed guide to navigating the increasingly complex landscape of modern entrepreneurship and its financing, with a scope, rigor, and lucidity unmatched by any other book currently on the market."—Cenk C. Karahan, Boğaziçi University, Turkey "Well-structured financing and well-designed incentive systems are key to entrepreneurial success and for the contribution of entrepreneurship to society. The authors provide a comprehensive examination of the methods and tools of entrepreneurial finance and venture capital, including even the newest techniques such as initial coin offerings and equity crowdfunding. It is a perfect textbook for both entrepreneurs and investors."—Oki Matsumoto, Founder and CEO, Monex Group

Janet Kiholm Smith is Von Tobel Professor of Economics at Claremont McKenna College.Richard L. Smith is Philip L. Boyd Chair and Professor of Finance at the University of California, Riverside.

• 1. Introduction2. New Venture Financing: Considerations and Choices3. Venture Capital and Angel Investing4. Venture Deals5. New Venture Strategy and Real Options6. Developing Venture Strategy Using Simulation7. Revenue Forecasting8. Financial Modeling9. Assessing Cash Needs10. Foundations of New Venture Valuation11. New Venture Valuation in Practice12. Designing and Valuing Staged Investment with Real Options13. Harvesting14. The Future of Entrepreneurial Finance

"Watching undergraduate students struggle with the various nuances of entrepreneurial finance, I needed a comprehensive and well-planned textbook that covers all aspects of the topic. This is that textbook. The clarity with which concepts are discussed make it a requirement in your classroom."—Thomas Tallerico, Stony Brook University "This book is an invaluable source to teach (and learn) from. The authors provide a much-needed guide to navigating the increasingly complex landscape of modern entrepreneurship and its financing, with a scope, rigor, and lucidity unmatched by any other book currently on the market."—Cenk C. Karahan, Boğaziçi University, Turkey "Well-structured financing and well-designed incentive systems are key to entrepreneurial success and for the contribution of entrepreneurship to society. The authors provide a comprehensive examination of the methods and tools of entrepreneurial finance and venture capital, including even the newest techniques such as initial coin offerings and equity crowdfunding. It is a perfect textbook for both entrepreneurs and investors."—Oki Matsumoto, Founder and CEO, Monex Group

Janet Kiholm Smith is Von Tobel Professor of Economics at Claremont McKenna College.Richard L. Smith is Philip L. Boyd Chair and Professor of Finance at the University of California, Riverside.

• 1. Introduction2. New Venture Financing: Considerations and Choices3. Venture Capital and Angel Investing4. Venture Deals5. New Venture Strategy and Real Options6. Developing Venture Strategy Using Simulation7. Revenue Forecasting8. Financial Modeling9. Assessing Cash Needs10. Foundations of New Venture Valuation11. New Venture Valuation in Practice12. Designing and Valuing Staged Investment with Real Options13. Harvesting14. The Future of Entrepreneurial Finance

"Watching undergraduate students struggle with the various nuances of entrepreneurial finance, I needed a comprehensive and well-planned textbook that covers all aspects of the topic. This is that textbook. The clarity with which concepts are discussed make it a requirement in your classroom."—Thomas Tallerico, Stony Brook University "This book is an invaluable source to teach (and learn) from. The authors provide a much-needed guide to navigating the increasingly complex landscape of modern entrepreneurship and its financing, with a scope, rigor, and lucidity unmatched by any other book currently on the market."—Cenk C. Karahan, Boğaziçi University, Turkey "Well-structured financing and well-designed incentive systems are key to entrepreneurial success and for the contribution of entrepreneurship to society. The authors provide a comprehensive examination of the methods and tools of entrepreneurial finance and venture capital, including even the newest techniques such as initial coin offerings and equity crowdfunding. It is a perfect textbook for both entrepreneurs and investors."—Oki Matsumoto, Founder and CEO, Monex Group