Resources M&A
| Another View: Venture Capital’s M.&A. Toolkit
Mike Kwatinetz and Cameron Lester of Azure Capital Partners provide an M.&A. toolkit for overcoming the sluggish I.P.O. market for emerging companies. |
| Selling Smarter: Preparation is Key to Unlocking Exit Values
Every entrepreneur who has taken the risk to start and build a business is curious about what his or her business is worth and what is involved in selling it. These days, few business founders plan on running their businesses until retirement and, with the world awash in private equity and mega M&A deals taking up the headlines each day, selling your business is a very hot topic. While it is commonly known that sellers what to "sell smarter" (i.e., maximize their after-tax sale proceeds), what is not commonly known is what is involved in getting there. |
| “No-Nonsense” Guide to Negotiating Better Contracts
To view the PowerPoint, please see the Wilson Vukelich website posting from September 8 of 2006 |
| The Horse or the Jockey? Evidence from Nascent Firms where a Founder Dies
We know little about what the most critical factors are for the performance of new firms, whether it be market conditions, ideas, financial capital, or people. I analyze the causal effect of the founder for firms in their infancy by using variation in the occurrence of founder death. Both cross-sectional and within-firm estimates suggest that founder death has only a slight effect on firm performance, as measured by firm survival, profitability, or growth. I interpret this as the founder being substitutable even in a firm’s infancy and that the main function of the founder is to discover new opportunities and setting up the firm rather than managing it. |