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Overview
Guide students through the complete life cycle of the firm with Leach/Melicher/Davies’ "Entrepreneurial Finance," 8th Edition. The text provides theories, knowledge and finance tools needed to start, grow and harvest successful ventures. Students learn how to secure financing, build business cash flow models and strategically position early-stage companies. Coverage of AI, post-COVID challenges and opportunities, updated securities law and governance issues are included, integrating content on personal finance to highlight how founders transition from operators to long-term investors. Capstone and mini-cases, such as the new TermScout AI-powered startup case, reinforce application of concepts like valuation, fundraising, ethics and exit strategies. The print or full-color eBook equips instructors with updated, relevant content to prepare students for entrepreneurial finance in practice.
- AI & Predictive Systems: Chapter 3 and appendix show real-world AI and machine learning uses for entrepreneurs, sparking tech-driven finance discussions in class.
- New Capstone Case: TermScout: This modern, data-driven startup is a comprehensive case, connecting valuation, financing and negotiation in one cohesive study.
- New cases highlight financing, supply chains, digital-first strategies and remote work to help students understand current entrepreneurial challenges and opportunities.
- Chapter 15 now covers wealth diversification and post-exit financial planning, helping connect entrepreneurial finance with personal financial literacy and long-term perspective.
- Updated Laws and Regulations: The text includes recent SEC changes, SAFE and convertible note trends and gig-economy employment law.
- Chapter 15 expands beyond IPOs to include SPACs and major M&A, giving students a real-world view of how entrepreneurs gain liquidity in today’s fast-paced market.
- Mini-Cases & Exercises: Updated scenarios, data-driven tasks and italicized guidance help reinforce learning and let students assess their understanding.
- From the Headlines features: Contemporary mini-articles spotlight new ventures and real entrepreneurial finance decisions.
1. Introduction to Finance for Entrepreneurs.
2. Developing the Business Idea.
Part II: ORGANIZING AND OPERATING THE VENTURE.
3. Organizing and Financing a New Venture.
4. Preparing and Using Financial Statements.
5. Evaluating Operating and Financial Performance.
Part III: PLANNING FOR THE FUTURE.
6. Managing Cash Flow.
7. Types and Costs of Financial Capital.
8. Securities Law Considerations When Obtaining Venture Financing.
Part IV: CREATING AND RECOGNIZING VENTURE VALUE.
9. Projecting Financial Statements.
10. Valuing Early-Stage Ventures.
11. Venture Capital Valuation Methods.
Part V: STRUCTURING FINANCING FOR THE GROWING VENTURE.
12. Professional Venture Capital.
13. Other Financing Alternatives.
14. Security Structures and Determining Enterprise Values.
Part VI: EXIT AND TURNAROUND STRATEGIES.
15. Harvesting the Business Venture Investment.
16. Financially Troubled Ventures: Turnaround Opportunities?
Part VII: CAPSTONE CASES.
Case 1. TermScout.
Case 2. Eco-Products, Inc.
Case 3. Spatial Technology, Inc.