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Venture Capital and Private Equity: A Casebook | 
enlarge | Authors: Josh Lerner, Felda Hardymon, Ann Leamon Publisher: Wiley Category: Book
List Price: $131.95 Buy New: $68.00 You Save: $63.95 (48%)
New (27) Used (6) from $68.00
Avg. Customer Rating: 14 reviews Sales Rank: 23982
Media: Hardcover Edition: 4 Number Of Items: 1 Pages: 546 Shipping Weight (lbs): 2.4 Dimensions (in): 10 x 8.1 x 1
ISBN: 0470224622 Dewey Decimal Number: 332.041540973 EAN: 9780470224625 ASIN: 0470224622
Publication Date: May 2, 2008 Availability: Usually ships in 1-2 business days
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Product Description The private equity and venture capital industry has become a leading pillar of modern investment, growing from $5 billion in 1980 to more than $530 billion in 2006. Yet many of its features remain puzzling even to advanced business students. Whether you are an MBA student, a private equity investor grappling with the industry's changes, or an investor interested in private equity as a potential investment, Venture Capital & Private Equity: A Casebook, Fourth Edition will shed light on the history and workings of this complex area and prepare you for a career in the prestigious and profitable world of venture capital and private equity.
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| Customer Reviews: Read 9 more reviews...
Excellent introduction to an exciting asset class July 22, 2008 First let me start with what this book is not! It is not a textbook and it will not teach you the practical methodology of deal structuring, LBO modeling or valuation. However if you are looking for a well-written, non-technical book that illustrates the rationale and dynamics behind PE/VC investing, look no further.
After diligently reading these case studies, I have become comfortable with the unique terminologies and thought processes involved in each stage of the investment life-cycle. A slightly greater emphasis on the technical aspects would have made this book perfect, but overall I have no complaints.
Good with Potential for Greatness June 18, 2008 This book is good, primarily because it has no real competition as so little is written on the subject.
It provides a brief introduction to private equity in the first few pages and goes into case studies thereafter, with a few 'notes' re: private equity in between the case studies.
Case studies are useful for getting a 'feel' for how the private equity process works if you are (i) an investment banking analyst or other professional planning to make the jump into a private equity analyst/associate position or (ii) an MBA student who wants to understand or jump into a private equity associate position. So for doing that, I'd give it a 3-star 'good' rating.
I rate it a 3 because, while it largely succeeds in its own stated goal of being a 'case book', it fails to do what the only real text book on private equity should be doing: analyzing the profession in terms of: (i) its evolution, (ii) strategy re: the private equity group, (iii) strategy re: the private equity group's portfolio companies, (iii) its effects on the economy, employees, government/taxes, society (iv) comparison of the private equity ownership structure vs. other ownership structures (e.g. public corporations, owner-operated companies, conglomerates, wealthy family holding companies), (v) analysis of private equity critcisms, (vi) alternative forms (e.g. SWFs, IFC), (vii) developing markets, and (viii) future. Academics seem to find themselves oddly content not to discuss this industry in any real depth. I believe part of this has to do with their involvement in somewhat unobjective, case study oriented MBA programs that take a 'cookie cutter' approach to educating their students, but I digress.
3 stars. 5 stars, if Lerner does what he should do and makes a private equity book that is analytical and forward-thinking.
Reads like a novel July 5, 2007 1 out of 2 found this review helpful
I couldn't put this book down; I felt like I was reading a captivating novel. It does a great job of introducing the reader to the unique terminology of the VC/PE industry.
However, I wish there was more follow through or structured questions presented for the cases; without sitting in Prof. Lerner's class, I would like to see exactly what broad lessons he is attempting to present and drive home.
A case book, not a textbook November 10, 2006 6 out of 11 found this review helpful
This book was a disappointment. A real textbook would actually have instruction. This book is merely a collection of cases, with a few scattered chapters on VC/PE. Only buy the book if required to for a class.
Good Private Equity Overview August 9, 2005 16 out of 16 found this review helpful
This book provides a good overview of venture capital and buyout fund management. It addresses the investment process through four modules: fundraising, investing, exiting, and new frontiers. There are twenty nine chapters of which nine are instructional and the rest are case studies. Though there is information interspersed within the case studies, I think it would have been better to have had shorter case studies and longer instructional pieces to delve more deeply into subjects.
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