Finance

Financing is an essential element for establishing a new business, launching a new product or service, or expanding an existing business through internal growth or acquisition.  For example, cash is necessary in order for a company to continue operations while awaiting payment from customers and anticipated increases in sales; expand the volume of sales of existing products through increased advertising and promotion; develop or acquire new technical skills and assets, including acquisitions of other firms; enter specified new markets, including new facilities and recruitment of personnel; create new products that address a specified market need, including research and development; replace or upgrade aging or obsolete facilities or equipment; or comply with regulatory requirements, such as health standards or environmental laws.

It is likely that entrepreneurs and managers will, regardless of the size of their businesses, need to venture into the world of finance several times over the life cycle of the enterprise.  In that world they will encounter a wide range of participants, including banks, venture capitalists, investment bankers, government agencies, and business advisers, each of which will provide unique resources and experience.  In addition, they will be exposed to the legal requirements and institutions of their own domestic “financial systems”, which are the processes that have emerged for channeling funds from agents with surpluses of capital to agents with capital deficits, as well as the requirements and institutions of financial systems in other countries where they might be seeking capital and/or otherwise conducting business.

Capital suppliers have become increasingly innovative in devising financing techniques that are tailored to their needs and the goals and objectives of the businesses they serve.  However, before managers can begin the onerous process of securing funding, they must develop a careful plan for identifying the financial requirements of the business, the terms upon which the company hopes to secure the necessary funds, and the potential sources for the funding.  Of course, this assumes that management has already developed a “plan” for the business, product, concept or service, and has developed an outline of all of the requirements for successfully completing the plan (i.e., capital resources, human resources, other assets, marketing strategies and tactics).  In addition, in order to be effective in raising and managing their capital, managers must also develop and implement financing strategies supported by a wide variety of specific tools such as budgeting and forecasting and a strong internal finance department that is responsible for important core responsibilities and activities such as controllership, financial reporting, bank and investor relations, financial planning and analysis, treasury, tax reporting and compliance, internal controls, corporate development and participation in strategic initiatives such as mergers and acquisitions.

PROJECT PUBLICATIONS

Guides

Financing Activities for Businesses

Sources of Capital

Organizing and Managing the Finance Function

Equity and Debt Securities

Seed Capital

Venture Capital

Disclosure and Offering Documents)

Handbooks

Finance: A Handbook for Sustainable Entrepreneurs

Research Papers

Financial Systems

Finance Global Survey (2017)

Articles

MANAGEMENT TOOLS

Training Materials

Venture Capital Financing (BCI)

ADDITIONAL RESOURCES

Books

Legal Compliance Checkups: Business Clients

Business Counselor’s Law & Compliance Practice Manual

Articles in Journals

Crowdfunding and the Not-So-Safe Safe

Design of Financial Systems – An Overview

Private Equity and Venture Capital in India

The Design of Financial Systems

Theses and Dissertations

Studies on the Venture Capital Process

Papers

A Survey of Venture Capital Research

Determinants of Venture Capital Performance – US and Europe

Driving SME Growth Through an Evolving Finance Function

Emerging Role of Finance Department in Large Corporations

Finance Department of the Future

Global Venture Capital/Private Equity Country Attractiveness Index

Innovations and the Contributions from Venture Capital

New Approaches to SME and Entrepreneurship Financing

Proposal for a Green Bond Evaluation Tool

The DNA of the CFO

The Superstar CFO

Venture Capital and Corporate Governance

Venture Capitalists in US, Asia and Europe

Government and Other Public Domain Publications

Principles for Responsible Investment

Online Articles

How to Fund a Startup

Raising Seed Capital

Online Databases

Business Transactions Solution

SEC Regulation D

Blogs

Startup Company Lawyer

Startup Law

Startup Lawyer

The Startup Garage

NextView Ventures

K9 Ventures

Websites

TechStars

Y Combinator

Orrick Startup Forms Library

Series Seed

Cooley GO

Wilmer Hale Launch

Founders Workbench

Clerky

WEBINARS AND PODCASTS

West Legal Ed Center:  Click here for list of all programs presented by the Business Counselor Institute, an affiliate of the Sustainable Entrepreneurship Project, on West Legal Ed Center. Programs relating to finance include several videos prepared for the Beyond the Bar training initiative and the following webinars (available on demand):

Business Counselor Institute on West Legal Ed Center

  • Counseling the Finance Function
  • Equity Financing
  • Debt Financing

Beyond the Bar Training Programs

  • Counseling the Finance Function
  • Offering Documents and Procedures
  • Equity Financing
  • Debt Financing
  • Venture Capital Financing
  • Commercial Debt Financing