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"Angel Investment"
Table of Contents For those who do not read Chinese: GoodNews! We do plan to translate his bookinto English and possibly other languages. Until then, please read the following English version of the Table ofContents to quench your thirst, at least for now!
Preface: To Be a Grassroots Investor and Entrepreneur Transformer
Why Start a Business?
Entrepreneurship is a Very Difficult and Lonely Process
I Have a Dream
The First Part: The True Nature of Angel Investment
Chapter 1 True Angel Investors are Fools
Angel Investment, Entrepreneurs' 3F Difference between "Business Angel" and "Friends and Relatives Angel"
[ Appendix 1] Top 9 Lies of American VCs
Chapter 2 The True Nature of Angel Investors -- First: Innovation
Be Innovative, but Not Space Grade Innovation
Creative Destruction
Chinese Lack Innovation. Still Make Hard-Earned Money
Patent is not Insurance, but Cannot Do Without it
Copy-To-China (C2C) Concept May Not Be Feasible
Copycat and Piracy in China is Widespread, Homogenization Problem is Serious
Innovation is a Long Road Ahead, Investors, and Entrepreneurs Need to Work Together
[ Appendix 2] Top 10 Lies of American Entrepreneurs
Chapter 3 The True Nature of Angel Investors -- Second: Know People
Entrepreneurs and Investors Need to Have High Emotional Intelligence (EQ)
Entrepreneurs and Investors Need to Have High Fortune Quotient (FQ)
Education, Gender, Age of Entrepreneurs Related to Success ?
Work Hard. Have Courage to Overcome the Congenital Deficiencies and Shortcomings
Make Good Use of Time, Pay Attention to the Body, Contentment Brings Happiness
[ Appendix 3] Top 6 Lies of Chinese Investors
Chapter 4 The True Nature of Angel Investors -- Third: Avoiding Risks, Not Taking Risks
Don't be a "Fake" Angel and "Stupid" Angel
Beware of Bubbles, Beware of Investing into Pure Ideas
Learn From Buffett's Traditional Investment Philosophy
Six Philosophy of Angel Investment
[ Appendix 4] Top 12 Lies of Chinese Entrepreneurs
The Second Part: Preparation Prior to Financing
Chapter 5 Financing Selection and Timing
Early-Stage Companies Should Not Rely on Financing. Making Your Own Money Is the Absolute Truth
Establishing a Reliable Business Model is More Important Than Financing
Understand Your Own Fund Raising Stage. Understand the Needs of Investors
Chapter 6 Seed Or Startup Financing Options
Angel Investors
Incubators and Non-Government Third-Party Venture Capital Platform
Policy Support and Incentive Programs from Chinese Local Government Hi-Tech Parks
Chapter 7 Attract the Investors' Attention
Choose the Right Investors for Financing
Entrepreneurs Should Find Ways to Attract Investors
Entrepreneurs Should Take the Initiative to Integrate Into the Investors' "Circle"
The Third Part: Operating Period of Investment & Financing
Chapter 8 Investment & Financing 1: Company Preparation, Get in Touch with Investors and Ongoing Dialogue
Tasks for Entrepreneurs Before Financing: Initial Deal Packaging
Tasks for Investors Before Investing: Preliminary Due Diligence
Chapter 9 Investment & Financing 2: Negotiation & Drafting of Letters of Intent or Term Sheet
The Purpose of Preparing Letter of Intent or Term Sheet
Investment Letter of Intent or Term Sheet
Capital Instrument A: Convertible Preferred Stock
Capital Instrument B: Common Stock
Capital Instrument C: Convertible Debt
Capital Instrument D: Loan
Investors Rights
Chapter 10 Investment & Financing 3: Early Stage Company Valuation Concepts
How Much Money Can I Raise?
Entrepreneurs' Concept of Valuating Early-Stage Companies
Investors' Concept of Valuating Early-Stage Companies
Chapter 11 Investment & Financing 4: Valuation Methods for Traditional Companies & Early Stage Companies
Understand Valuation Basis
Traditional Valuation Methods
Valuation for Early Stage Companies
Comparison of the Valuation of Publicly Listed and Private Companies
Valuation Summary
Chapter 12 Investment & Financing 5: Negotiations, Due Diligence, & Execution of Investment Agreement
Negotiation of the Terms of the Investment Agreement
Due Diligence
Financial Due Diligence
Completion of Due Diligence. Conclusions and Recommendations
Due Diligence Should Pay Special Attention to the Lack of Integrity and Ethics in China
Investment Agreement
Signing and Executing the Investment Agreement. Transaction
The Third Part: Exit Period after Investment & Financing
Chapter 13 Maintain a Good Collaboration
Treasure Investors' Money
Comply With Fiduciary Duty
Be Confident, Not Conceited
After Funding Should Improve Corporate Governance to Motivate Staff
Entrepreneurs and Investors Should Try to Maximize Potentials of Both Parties
Be Humble. Don't Be Overbearing
Both Sides Should Have Open Mind, Good Cooperation and Sharing
Both Sides Should Persevere, Have Enduring Execution, and Have Courage to Commit & Take On Challenges
Both Sides Should Improve Professional Quality and Establish a Good Image
Both Sides Work Hand in Hand. Avoid Differences
Founding Team Should Avoid Fracture. Should Keep up the Passion
Chapter 14 Going Public, Mergers & Acquisitions, Bankruptcy, etc Exit Mechanism
Exit When Company is Successful
When Company Has Not Been Successful, Wait for Exit Opportunities
Exit When Company Fails
Looking for the Next Big Opportunity
[ Appendix 4] Top 12 Lies of Chinese Entrepreneurs
[ Appendix 5] Overview of the American and Japanese Angel Investment Market
[ Appendix 6] Mission of Webplus Ventures
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