Abstract

Other books present corporate finance approaches to the VC/PE industry, but many key decisions require an understanding of the ways that law and economics work together. Venture Capital and Private Equity Contracting is better than straight corporate finance textbooks because it offers broad perspectives and principles that enable readers to deduce the economic implications of specific contract terms. This approach avoids the common pitfalls of implying that contractual terms apply equally to firms in any industry anywhere in the world.

• Explores the economic implications of contract terms for start-up firms in various industries
• Pairs international data with explanations and examples about differences in VC and PE national and regional markets
• Contains sample contracts, including limited partnership agreements, term sheets, shareholder agreements, and subscription agreements
• Presents international datasets on limited partnership agreements between institutional investors and VC and PE funds

"This volume complements existing books on the venture capital and private equity industry by focusing on financial contracting, and hence around the crucial aspect of the private equity industry."
--Uwe Walz, Goethe Universität Frankfurt/Main
"The book covers many facets of venture capital and private equity contracting, from the birth of a venture capital fund to its exit, giving readers a complete and comprehensive picture about the venture capital and private equity industry."
--Xuan Tian, Indiana University
"Cumming and Johan examine the important topics not covered by existing books."
--Masako Ueda, University of Wisconsin-Madison