Venture Capital and the Finance of Innovation 2nd Edition by Andrew Metrick

Venture Capital and the Finance of Innovation 2nd Edition by Andrew Metrick

By: Andrew Metrick

Publisher: Wiley

Print ISBN: 9780470454701, 0470454709

eText ISBN: 9780470574171, 0470574178

Edition: 2nd

Copyright year: 2011

PREFACE TO 2ND EDITION—A READER’S GUIDE

Many interesting developments have occurred in the world of venture capital since

the publication of the first edition of this book in 2006, which prompted us to revise

the book for the second edition. While the organization of the book remains

unchanged, many of the chapters are substantially rewritten. For example, in Chapter

5, we re-ranked top VC firms, incorporating the latest performance statistics, fundraising

and investment activities, notable exits, and (as always) our subjective

opinions. In Chapter 6, we examine further evidence of the deepening globalization

of the industry. In Chapters 3, 4, and 7, we analyze the impact of the 1999 2000

Internet bubble years on the VC risk and returns, as investments made in those years

are finally mature and thus now a part of the performance evaluation analysis. We

also incorporated expositional improvements throughout the book based on reader

feedback on the first edition.