Benefits of Using Venture
Capital
In this discussion, we are
going to focus on the benefits of using venture capital, as well as focusing on
the fact that you access to a number of different professionals that will be
actively engaged in the business of assisting you in expanding your business for
a substantial time frame. As we discussed before, most venture capital firms
want to see that you are able to aggressively expand your business for a 3 to 10
year time frame with the intent of selling the business to a third party for
significant earnings premium or that you're going to take the company public.
Unlike new investors will provide you with smaller sums of money and mentorship
of your business, venture capital firm will be able to effectively provide you
with not only the initial capital you need to develop expanded business
operations, but also the funding they need on an ongoing basis as your business
expands. For instance if you are a brand-new high-tech startup company, and
require an initial investment of $1 million to launch a business operations the
venture capital firm will be able to provide you with that money immediately. If
the technology that technology have developed becomes extremely profitable, and
need an additional $10 million of capital in order to further ramp up their
business operations, venture capital group will also be there to source that the
additional capital that will provided to your business so that they can further
expand their investment. This is the primary difference between a venture
capital firm and investors. Venture capital groups are able to provide you with
ongoing rounds of capital as they see that your business is becoming more and
more successful.
Many angel investors, the
capital that they can continue to provide your business, regardless of how
successful it is limited. As such, if you have a valuable piece of technology or
a rapidly expanding business then seeking venture capital may be the best route
for you. As we have continued to discuss as one of our themes for new articles
and produced for TheFinanceResource.com, it is imperative that you have the
appropriate counseling place including a certified public accountant as well as
an attorney that will actively assist you in negotiating the ordeal as it
relates to selling equity stake in your business to a venture capital firm. In
many instances, beyond selling just an equity stake in your business there will
need to specific rights as a relates to buyouts, stock options, bonuses, and
other forms of compensation that you'll receive if you are able to do an
outstanding job in developing the business to profitability and providing the
venture capital firm with a substantial return on their investment.
Foremost, when working with a
venture capital firm is important to remember that they are seeking a
substantial return on investment. You may have a vision for your business,
venture capital firm that you're working with these, and then, suddenly
interested in the amount of money that they can make from the ongoing
investments that make in you firm with the intent of selling the business to a
third party. As such, working with a venture capital group takes on a number of
different challenges as you continue to negotiate sales of equity to venture
capital firms concurrently maintaining
a certain level of control over how you intend to run the business. If you are a
highly skilled entrepreneur with years of activity within your industry leader
much better position to negotiate with venture capital firms as it relates to
the sales of equity stakes in your business as well as other forms of
compensation as it relates to you owning and operating the business for a
substantial time frame. However, you should be aware that when you work with a
venture capital company that they will the vast amount of control as to how the
business will be run. Primarily, this is due to the fact that they own a
majority stake in the business and if they feel that you're not doing the
appropriate job as needed to provide the return on investment that they are
seeking then they will quickly replace you with a different CEO for manager that
will operate the business differently than you intended. This is the most
important things to a member when working with a venture capital firm.
Again,
turning to the benefits of working with a
venture capital firm, one of the best things to remember is that you'll have
access to a nearly unlimited number of resources as it pertains to the ongoing
growth of your business. This is especially true when it comes time to sell the
business to a third party. As we discussed before, venture capital firms are
solely interested in making an investment with the overall intent to sell the
business to another party or take the company public. Venture capital firms, for
the most part, are not interested in the ongoing cash flow that they can receive
their investment. Venture capital firms are very interested in the ultimate sale
the business for a substantial earnings helpful. In many venture capital deals,
especially as it relates to technology, these firms are seeking to receive 35%
per year on their investment if not higher. As such, when determining as to
whether or not you're a venture capital firm prospect, you should ensure that
your firm is able to produce these types of financial results prior to seeking
venture capital. If you are unable do so, then it may be in your best interest
to work with smaller investors were banking institutions that can provide you
the capital that you need.
Regarding the divestiture of
your business to a third party, venture capital firms often have the means and
the contacts that are necessary to package your business for sale of his become
highly profitable. This includes having relationships with investment banks,
private equity firms, and other businesses that specialize in purchasing
businesses as well as taking companies public. This should be the last thing on
your mind as it relates to the ongoing development and growth of your business.
Among the 98 million businesses that are currently active with the
United States about 20,000 are actively traded
as publicly traded businesses on the stock exchanges. Of course, we are all
familiar with the success of specific entrepreneurs that have developed highly
profitable businesses within their specific fields that take the company public
and receive a tremendous amount of money for their work. However, again, this is
only a small fraction the companies that exist. In most cases that involve
venture capital, the business is grown to a substantial size over a seven year
time frame and is sold to a larger company, competitor, or to a private equity
firm that is looking to get into the specific industry in which you have
developed your business. Returning to the nature of the specific topic, the
venture capital firm you work with closely with you as it comes time to prepare
the business for sale to a third-party. This includes developing the appropriate
business plan that showcases the previous operations of the business as well as
the potential growth of the business as it relates to selling the business to a
third party. Additionally, the venture capital firm that you're working with
pertaining and appropriate mergers and acquisitions law for this is what the
legal matters at pertaining to selling a business as well as retaining a major
accounting firm that produced the financial statements that are necessary for
the due diligence process. When selling a large business that has received a
venture capital investment, the cost associated with preparing and selling the
business are extraordinarily high. Typically, in most instances, the costs that
can be incurred as it relates to the specific deal then are equal to
approximately 80% of the total value of the deal. For instance, if you have a
company you have developed that is now reached a value of $50 million then you
can anticipate that the costs related to selling that business to a third party
for taking the company public in the unique $3 million-$5 million range. As you
can see this is a very expensive proposition for the venture capital group.
However, unlike privately owned businesses, the venture capital firm that works
with has knowledge providing you with the investment that you'd have needed in
order to develop that business but also pick up the tab as it relates to
preparing the business for sale.
Other benefits of working with
a venture capital firm is that they're very happy to reward substantial success
among the portfolio investments. Unlike an angel investment deal there a
specific amount of equity is supposed directly to a small third-party with the
intent to generate a cash flow for a moderate sales premium and business comes
to sale, venture capital firms reward top executives handsomely when it comes to
outstanding performance. Again, you are going to need to provide a tremendous
amount of the equity and controlling your business to this venture capital firm
but through your appropriate negotiations you will be able to attain it things
such as stock options, restricted stock, bonuses, and other forms of
compensation that will be provided to you in the event that the business becomes
extremely successful. As an entrepreneur, and the other benefits of working with
a venture capital firm and other highly successful enterprise is that you will
be able to very easily raise capital for any future entrepreneurial endeavors
that you're seeking. This, of course, like anything else in life is the fact
that you're able to prove that you been successful in business once then you'll
be able to continue to receive capital investment that you need for any future
ideas are businesses that you intend to develop. Of course, this is the Catch-22
of venture capital and that you first need to prove that you're successful in
order receive the capital you need while concurrently being in a stage where
you've not yet proven yourself to be successful in business. As such, prior to
seeking venture capital strongly recommended if you are able to do so then it
may be in your best interest to start the business on a very low budget so you
can produce something of candidate value to a venture capital firm prior to
approaching them for investment.
In the future discussions we
will, again, focus on the tremendous benefits of using venture capital. We are
also the focus on some of the negative issues that occur when you are seeking
investment from a venture capital firm. The strongest things that we are going
to discuss about this theme of articles, as it pertains to venture capital, is
that again, you are going to need to seed a significant amount of equity in
control of your business to a third-party company that is solely interested in
producing as much profit as possible for their firms and their respective
investors.