Ups Lyon

Venture Capital Financing of U.S., UK, German and French IT Start-ups

Doctoral Thesis / Dissertation from the year 2011 in the subject Business economics - Investment and Finance, University of Kassel (Research Group Entrepreneurship), language: English, abstract: Independent Venture Capital (IVC) has been paramount in the emergence of the information technology industry in both the United States and Europe. There are relatively few large global information technology companies in Europe. A widening gap is observable in the success rate of IVC backed start-ups between the U.S. and Europe in the information technology industry. This difference could be attributable to the differences in the venture capital financing of start-ups in the U.S., UK, Germany and France. This book deals with "Differences in Venture Capital Financing of U.S., UK, German and French Information Technology Start-ups". The comparative analysis is conducted on a microeconomic level (managerial venture capital research), i.e. on the venture capital firm level. The differences are analyzed for the whole venture capital investment cycle: contact phase, initial screening phase, due diligence phase, deal structuring and negotiation phase, management phase — value adding services, and exit phase. The research framework model examines the following differences in the venture capital investment cycle: average size of investment in the seed stage, average size of investment in the start-up stage, aver-age size of investment in the growth stage, percentage of start-ups in pre-revenue phase at time of investment, percentage of start-ups not managed by founders but experienced managers, percentage of investment in start-ups with me-too products, percentage of mar-ket analysis due diligence done informal, typical liquidation preference multiple, percent-age syndicated exits that are outperformers, number of tranches per investment round, number of board seats per partner and the cash multiple X that defines an outperformer. The empirical research work is based on an extensive scientific online questionnaire with VCs in the U.S., UK, Germany and France. Before the online questionnaire was drafted, a preliminary face-to-face expert interview was conducted with 24 VCs in Silicon Valley, London, Paris, Hamburg, Berlin and Munich. The primary data collected in the questionnaire served as basis for quantitative parametric and non-parametric statistical analysis. The book is bespokenly written for decision makers in the venture capital industry in the U.S, UK, Germany and France; all entrepreneurs and professionals who want to under-stand the economics and mechanics of venture capital term sheet clauses; venture capital industry professionals; VC associations

The History of the Royal Fusiliers "U.P.S."

There Are No Grown-Ups

*MUCH RAVED ABOUT BY CHRIS EVANS ON HIS BBC RADIO 2 BREAKFAST SHOW* EVERYONE ELSE IS WINGING IT TOO. You know you're a grown-up when... ·You become impatient while scrolling down to your year of birth. · You’ve lost and gained the same 10lbs so many times you now regard it as an old friend. · Your parents have stopped trying to change you. · You don't want to be with the cool people anymore; you want to be with your people. · You know that 'Soul mate' isn't a pre-existing condition. It's earned over time. Does it ever feel like everyone - except you - is a bona-fide adult? Do you wonder how real grown-ups get to be so mysteriously capable and wise? When she turns 40, Pamela Druckerman - author of the #1 Sunday Times bestseller French Children Don't Throw Food - wonders whether her mind will ever catch up with her face. Waiters start calling her ‘Madame’, and she detects a disturbing new message in mens' gazes: I would sleep with her, but only if doing so required no effort whatsoever. There Are No Grown-Ups is a midlife coming-of-age story, a hilarious quest for wisdom, self-knowledge and the right pair of pants. It's a book for readers of all ages about - finally - becoming yourself