If you are considering equity capital, it is important to be as knowledgeable as possible about angel and venture capital financing. Here we've compiled some of our favorite resources for businesses and entrepreneurs.
Are Angels Preferred Venture Investors?, Brent Goldfarb, Gerard Hoberg, David Kirsch & Alexander Triantis, October 2007. A study that examines the impact of business angels on 182 Series A financings and subsequent company outcomes.
“Financing Great Ideas: A Primer on Venture Capital in Maine,” Finance Authority of Maine and Masthead Venture Partners, April 2003. This resource was developed for entrepreneurs looking for venture capital in Maine. It provides a good primer for what to expect if you are looking for funding. Included is a great overview of what venture capitalist look for in a venture capital deal.
Gompers, Paul and Lerner, Josh, The Venture Capital Cycle, Cambridge, MA, MIT Press, 1999.
Hill, Brian E. and Power, Dee, Attracting Capital From Angels: How Their Money and Their Experience Can Help You Build a Successful Company, New York, John Wiley & Sons, 2002.
Moore, Karl and Coveney, Patrick, Business Angels: Securing Start Up Finance, New York: John Wiley & Sons, 1998.
Osnabrugge, Mark Van and Robinson, Robert J., Angel Investing: Matching Start-up Funds with Start-up Companies – The Guide for Entrepreneurs, Individual Investors, and Venture Capitalists, San Francisco: Jossey-Bass, 2000.
Simmons, Cal and May, John, Every Business Needs an Angel: Getting the Money You Need to Make Your Company Grow, Washington DC: Crown Business, 2001.
Angel Capital Association. The Angel Capital Association is the leading professional and trade association supporting the success of angel investors in high-growth, early-stage ventures.
Community Development Venture Capital Alliance. The Community Development Venture Capital Alliance (CDVCA) is the network for rapidly growing field of community development venture capital (CDVC) investing. CDVC funds provide equity capital to businesses in underinvested markets, seeking market-rate financial returns, as well as the creation of good jobs, wealth, and entrepreneurial capacity. CDVCA promotes this field by combining advocacy, education, communications, and best-practice dissemination through conferences and workshops. CDVCA makes its expertise available to CDVC funds by providing consulting services and technical assistance.
Entrepreneur.com. This is a great resource for entrepreneurs who are thinking of starting a business or are currently running their own business. It includes a good section on raising money.
The National Venture Capital Association. The National Venture Capital Association (NVCA) is a trade association that represents the U.S. venture capital industry. It is a member-based organization, which consists of venture capital firms that manage pools of risk equity capital designated to be invested in high growth companies. Their website is an excellent source for industry and news, as well as template contracts and additional resources.
VCExperts.com. VCExperts is an excellent resource for private equity and venture capital education and reference material. The site includes affordable online courses and seminars in a variety of venture capital subject areas.
Preparing for and Raising Early-Stage Capital In Maine (presented on May 24, 2017)
This webinar provided a presentation and live Q&A on the basics of raising a first round of capital from outside investors for Maine companies. It is ideal for leaders of Maine companies considering selling shares to fund company growth. Areas of discussion include:
- Differences between types of sources of capital
- Fundraising process and what you need to be prepared for
- Current investor market realities in Maine and New England
- What it’s really like to have outside investors
- What Angel investors are looking for…and much more
Corporate Governance (presented on January 25, 2017)
This webinar provides a presentation on the key factors that help create a high-functioning and productive board of directors. Areas of discussion include:
- Why a good board is crucial for success
- The proper division of responsibilities between the CEO and the Board
- The importance of independence on a board
- Key elements that sustain good board governance….and much more
Board Committee Roles. An overview of the roles and responsibilities of the board compensation and audit committee.
Board Comp Grid. An Excel spreadsheet to help identify the needs of the company vs the backgrounds of current and prospective board members.
Board Effectiveness Survey Tool. An Excel-based mini survey to compile feedback from board members on how well the board is functioning.
Board Management Relationship. A sample agreement between a Board and company management outlining the relationship and roles of each.
Guide on Key Performance Indicators. We take a look at Key Performance Indicators and how to use them to understand, monitor and improve your business performance.
Guide on Private Company Board of Directors. We take a look how a Private Company Board of Directors can play a central role in putting and keeping your company on track for success
Guide (and Template) on Reporting to Directors, Advisors & Investors. We provide a template for private companies to use when reporting to investors, board directors or advisors.
FUNDING & MANAGEMENT RESOURCES IN MAINE
Blackstone Accelerates Growth Initiative
Casco Bay Tech Hub
Maine Center for Entrepreneurial Development
Maine Department of Economic and Community Development
Maine International Trade Center
Maine Aquaculture Innovation Center
Maine & Company
Maine Manufacturing Extension Partnership
University of Maine
Advanced Manufacturing Center
Advanced Structures and Composites Center
Forest Bioproducts Research Institute
Foster Center for Student Innovation
Innovative Media Research and Commercialization Center
Live & Work in Maine
Maine Business School
Process Development Center
Target Technology Incubator