Closing Thoughts: Finance Secrets of Billion-Dollar Entrepreneurs
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Previous: Adjust to Takeoff with Limited Cash | Next: Afterword by Bob Kierlin
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Previous: Develop the Right Capital Structure | Next: Focus to Dominate with Less
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Previous: Choose Smarter Instruments | Next: Develop the Right Capital Structure
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Aha is when you don’t have to promise potential. The world can see it. Till Aha, no one returns your calls. After Aha, VCs come knocking. Before Aha, your cost of money is very high and you could lose control. After Aha, you may write your own terms.
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Part II of Dileep Rao’s book shifts from skills to money. Part I was about building the right mindset and capabilities. Now we get into how billion-dollar entrepreneurs actually funded their growth. And the opening stat hits hard: 99.98 percent of entrepreneurs will not get venture capital, or will fail with it.
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Chapter 1 is where Rao gets specific about paths. Billion-dollar entrepreneurs link business and finance so they can reduce or postpone financial needs until money gets cheaper and does not come with control strings attached. Linking does not weaken the business. It makes the business stronger.
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
Rao opens the introduction with a blunt fact: there is not enough venture capital in the world to fund every entrepreneurial dream. Even ventures that get VC fail more often than they succeed. But every entrepreneur can benefit from learning how to take off without VC first, then deciding whether to use it later.
Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5
If you have spent any time around startup culture, you have heard the same story over and over: write a pitch deck, raise angel money, chase venture capital, dilute your equity, and hope you end up as the next unicorn. Shark Tank makes it look normal. Silicon Valley makes it look mandatory.
Private equity isn’t just one thing. It’s a whole universe that follows a company from its very first day until it’s a giant corporation.
If you think venture capital is a modern invention from Silicon Valley, think again. It’s actually hundreds of years old. In fact, Cyril Demaria argues that Christopher Columbus was one of the first great venture capitalists.
Chapter 4 is where Demaria gets into the actual strategies private equity funds use to make money. He starts with the one everyone has heard of: venture capital. The stuff that turns garage projects into billion-dollar companies. Or, more often, burns through cash and produces nothing.
Chapter 2 of Demaria’s book opens with a fun question: is modern private equity a French invention? The word “entrepreneur” is French. The guy who basically created modern venture capital, Georges Doriot, was French. But he did it in America. At Harvard, not in Paris. That tells you something about where the conditions were right.
Chapter 1 of Cyril Demaria’s book opens with a story you probably did not expect in a finance textbook. Christopher Columbus. Yep, the guy with the ships.