Venture Capital and Private Equity Contracting : An International Perspective

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. Examines why financial contracts are written in different ways, and the implications of such contracts for start-up firm performance. 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 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. This book 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 book covers financial contracting practices in venture capital and private equity markets. It explains the ways in which these contracts differ across venture capital and private equity funds."--Jacket The first book on subjects rooted in law and economics within the VC/PE industry