Angels, Dragons and Vultures: How to Tame the Venture Capital Beasts-- Without Losing Your Company

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Nicholas Brealey Pub., 2011 - Business & Economics - 263 pages
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In this highly readable and practical guide for entrepreneurs, you can find the inside information on what to really expect from out-side investors and how to manage them to get the best result. Before you take the irreversible step of selling part of your business, read this book.

In a witty and sardonic style, Simon Acland explains the many mistakes that entrepreneurs can make in their struggle for equity, and the clever tricks that venture capitalists employ. Answering every conceivable question about seeking outside investment, he helps entrepreneurs decide on the best way to raise capital, understand the different kinds of investor, and find the right backer - be they Angel, Dragon or Vulture - to help take their business to the next level.

Packed with hard-hitting statistics and real-life examples, Angels, Dragons and Vultures gives capital advice to entrepreneurs to help them through the funding maze. Acland offers in-depth analysis of the relationship between entrepreneur and investor, from the intricacies of the term sheet and further rounds of investment, to managing the relationship with your new partners and making a profitable exit. This indispensable guide offers sage advice to anyone bent on taming the venture capital beasts... and holding on to their company.

"Simon Acland has written an insider's guide to the opaque and much sought-after world of venture capital. Angels, Dragons and Vultures decodes the industry and offers sound advice for those who will engage with it."---Julie Meyer, founder of Entrepreneur Country, CEO of Ariadne Capital and a Dragon on the BBC's Dragon's Den Online

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When looking for capital to grow your small business, remember that it’s a jungle out there: “Vultures” and “Dragons” abound, so try to get an “Angel” on your side. That’s what veteran venture capitalist Simon Acland recommends. In his breezy, occasionally irreverent, but always informative guide to the ways of venture capitalism, Acland portrays its characters in colorful terms. But don’t mistake the book’s insouciance for lack of substance. The stakes for both business owner and investor are high. Your investor could lose millions, and you could lose your company. Or you both could be creating the next Microsoft or Yahoo. getAbstract recommends this guide on how to approach venture capital to all entrepreneurs (or “Lions”) looking to ascend to the next level. Just beware of the creatures that can eat your company – and your dreams.
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About the author (2011)

Simon Acland is a veteran entrepreneur and investor, with over 25 years' experience. He was managing director of Quester, one of the UK's most active early-stage technology investors with more than 250 million under management, has sat on the board of 23 companies in its portfolio and seen two of them enter the FTSE 250. He has been involved with many successful trade sales, IPOs and flotations; he has also experienced failures and learned from them.

Simon started his working life in 1979 at merchant bank Kleinwort Benson. He soon found that established businesses bored him, and he joined the management team of a technology start-up which span out of Imperial College, London, to develop control systems for robots, machine tools and other flexible manufacturing systems.

Simon was a long-standing member of the British Venture Capital Association's Technology Committee, and was also a Director of the British Business Angels' Association. He has spoken at many industry conferences, such as SuperReturn, SuperInvestor, Red Herring and the UK Technology and Innovation Growth Forum, and has contributed to, and been quoted in, many trade journals and publications, including Real Deals, the European Venture Capital Journal and Initiative Europe.

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