Investing in Dynamic Markets
Venture Capital in the Digital Age

A highly successful venture capitalist takes you behind the scenes of the private equity process.

Henry Kressel (Author), Thomas V. Lento (Author)

9780521111485, Cambridge University Press

Hardback, published 10 June 2010

280 pages, 28 b/w illus. 3 tables
23.5 x 16 x 1.9 cm, 0.58 kg

'Henry Kressel offers a unique perspective as both inventor and investor over the decades through which semis, software, systems, and services emerged from the garage to permeate everyday life. Timeless lessons are illustrated through anecdotes of companies that became household names or trivia answers. The book captures the rigor, personalities, and chance that determine success and failure of the companies and their investment returns.' Michael S. Wishart, Advisory Director, Goldman, Sachs and Co

Without venture capital, many of the companies whose technical innovations sparked the digital revolution would not exist. Venture investments funded these firms to develop their bright ideas into commercial products that created new business models and established whole new markets. In Investing in Dynamic Markets, Henry Kressel, a partner at multi-billion-dollar global investing company Warburg Pincus, takes you behind the scenes of the private equity process. He draws on his extensive experience to show how venture capital works, why venture capitalists fund certain companies and not others, and what factors influence the success or failure of their high-risk, high-reward investments. He also discusses venture capital's future, now that the commercialization of technology requires larger investments and global market access. Written in clear, non-technical language, the book features informative case studies of venture capital funding in a wide range of industries, including telecommunications, software and services, semiconductors, and the internet.

List of figures
List of tables
Acknowledgements
Introduction
1. Hot markets, investment waves, bubbles, and charlatans
2. Financing high-risk businesses
3. Venture investing: an uncertain science
4. Investing in a transformed market: telecommunications
5. Investing in transformed markets: semiconductors
6. Investing in early-stage technology: the internet in the 1990s
7. Software products and services
8. Venture capital: past and future
Appendix
Bibliography
Index.

Subject Areas: Entrepreneurship [KJH], Business & management [KJ], Finance [KFF], Economics, finance, business & management [K]