Venture Capital funds are the fastest growing sector of the
financial industry, and possibly the least understood. In this
book, the author provides a primer on what some of the world’s best
venture capitalists have in common. How do the world’s top venture
capitalists consistently obtain supernormal returns? How do they
add value to entrepreneurs they have backed? Why is a top venture
capitalist like a skilled chef?
* How did Lip Bu Tan, when he was Chairman of Walden, manage to
invest in Creative Technology, despite the CEO’s aversion for
VCs?
* How did Nam Ho, Founder and Managing Partner of Altos Venture,
turn an introduction by a Stanford Business School professor into a
venture capital firm managing a quarter billion dollars of
capital?
* How does Bing Gordon, Partner at Kleiner Perkins Caufield &
Byers and author of the business plan that resulted in KPCB’s
investment in Electronic Arts, time exits properly?
* Why did Soo Boon Koh, Managing Director of IGlobe Ventures,
back a GPS company which was filing for Chapter 11, in the post
9-11 market?
The Way of the VC: Having Top Venture Capitalists on Your
Board is essential reading for venture capital practitioners,
including partners, principals, analysts, consultants and limited
partners–both institutional and private. It is also useful to
students of finance who want a better understanding of what goes on
in the venture capital world.
Spis treści
Acknowledgments ix
Foreword xi
Introduction xiii
Chapter 1 The Call to Adventure 1
Chapter 2 Finding the Right Partner at the Right Time: Focus on the Forest, Not the Trees 33
Chapter 3 Transitions in Partnership: A Bridge Over Troubled Waters 73
Chapter 4 Growing Together 115
Chapter 5 Smart Money: The Top VC on Your Board 139
Chapter 6 If You Need to Woo a Turkey Buzzard 167
Chapter 7 The Partnership Becomes Wildly Successful 221
Chapter 8 Conclusion 243
Appendix 251
Index 271
O autorze
Yinglan Tan was the first director of 3i Venturelab China, a
joint-venture between private equity firm 3i (LSE:III) and INSEAD,
one of the world’s leading business schools. He has also served on
the boards of growth ventures in Asia and a U.S. private-equity
fund of funds. Yinglan teaches modules on Entrepreneurial Finance
and Entrepreneurial Management at Singapore Management University.
Educated at Harvard, Stanford and Carnegie Mellon, Yinglan now
works with the Singapore Government to enhance the venture capital
and entrepreneurship landscape in Singapore.
Yinglan can be contacted at href=’mailto:[email protected]’>[email protected].