All Money Is Not Created Equal

Finance your company's growth without losing your stake in it Too often, thanks to multiple rounds of equity investment, company founders wind up with only a small fraction of the businesses they start. But this situation isn't inevitable. The intelligent use of a variety of financing options—including debt financing—can help to maintain, or even grow, a founder's stake. In All Money Is Not Created Equal: The Entrepreneur's Guide to Finding the Right Funding for Your Business, renowned Silicon Valley veteran David Spreng delivers an expert guide for entrepreneurs and founders seeking to maintain as much ownership stake as possible in the companies they create as they move through the various stages of the financing process. The book draws on the author's decades of experience as a venture capitalist, venture debt lender, and CEO of a publicly traded company in Silicon Valley, as well as interviews with entrepreneurs, board members, investors, and bankers. Readers will also find: A well-rounded and insightful perspective on the financing process informed by industry veterans An informal and accessible exploration of a complex topic that remains critical to the success of entrepreneurs and founders Discussions of alternatives to equity financing, including debt financing, in the growth phase of startups An essential handbook for startup founders, entrepreneurs, and managers, All Money Is Not Created Equal also deserves a place in the hands of company board members, venture capitalists, investors, and investment bankers interested in the company financing process.

Finance your company's growth without losing your stake in it Too often, thanks to multiple rounds of equity investment, company founders wind up with only a small fraction of the businesses they start. But this situation isn't inevitable. The intelligent use of a variety of financing options—including debt financing—can help to maintain, or even grow, a founder's stake. In All Money Is Not Created Equal: The Entrepreneur's Guide to Finding the Right Funding for Your Business, renowned Silicon Valley veteran David Spreng delivers an expert guide for entrepreneurs and founders seeking to maintain as much ownership stake as possible in the companies they create as they move through the various stages of the financing process. The book draws on the author's decades of experience as a venture capitalist, venture debt lender, and CEO of a publicly traded company in Silicon Valley, as well as interviews with entrepreneurs, board members, investors, and bankers. Readers will also find: A well-rounded and insightful perspective on the financing process informed by industry veterans An informal and accessible exploration of a complex topic that remains critical to the success of entrepreneurs and founders Discussions of alternatives to equity financing, including debt financing, in the growth phase of startups An essential handbook for startup founders, entrepreneurs, and managers, All Money Is Not Created Equal also deserves a place in the hands of company board members, venture capitalists, investors, and investment bankers interested in the company financing process.

Protect and grow your finances with help from this definitive and practical guide to behavioral economics—revised and updated to reflect new economic realities. In their fascinating investigation of the ways we handle money, Gary Belsky and Thomas Gilovich reveal the psychological forces—the patterns of thinking and decision making—behind seemingly irrational behavior. They explain why so many otherwise savvy people make foolish financial choices: why investors are too quick to sell winning stocks and too slow to sell losing shares, why home sellers leave money on the table and home buyers don’t get the biggest bang for their buck, why borrowers pay too much credit card interest and savers can’t sock away as much as they’d like, and why so many of us can’t control our spending. Focusing on the decisions we make every day, Belsky and Gilovich provide invaluable guidance for avoiding the financial faux pas that can cost thousands of dollars each year. Filled with fresh insight; practical advice; and lively, illustrative anecdotes, this book gives you the tools you need to harness the powerful science of behavioral economics in any financial environment.

Deleveraging has two components--shrinking of balance sheets due to increased haircuts/shedding of assets, and the reduction in the interconnectedness of the financial system. We focus on the second aspect and show that post-Lehman there has been a significant decline in the interconnectedness in the pledged collateral market between banks and nonbanks. We find that both the collateral and its associated velocity are not rebounding as of end-2011 and still about $4-5 trillion lower than the peak of $10 trillion as of end-2007. This paper updates Singh (2011) and we use this data to compare with the monetary aggregates (largely due to QE efforts in US, Euro area and UK), and discuss the overall financial lubrication that likely impacts the conduct of global monetary policy.

Based on detailed research and consultation with experts, including the Bank of England, this book reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. Following a sell out first edition and reprint, this second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe.

Drawing on historical documents and exclusive interviews, authors tell the inspiring story of Clarence Thomas's rise from a childhood of poverty and prejudice in the segregated South to Supreme Court Justice. Companion to blockbuster documentary Created Equal: Clarence Thomas in His Own Words, but a fascinating stand alone read, as well! *The full story behind the wildly successful documentary film, Created Equal: Clarence Thomas in His Own Words* Born into dire poverty in the segregated South and abandoned by his father as a child, Justice Clarence Thomas triumphed over seemingly insurmountable odds to become one of the most influential justices on the Supreme Court. Yet after three decades of honorable service, few know him beyond his contentious confirmation and the surrounding media firestorm. Who is Justice Clarence Thomas, in his own words? In the follow-up to the wildly successful documentary by the same name, Created Equal builds on dozens of hours of groundbreaking, one-on-one interviews with Thomas to share a new, expanded account of his powerful story for the first time. Producer Michael Pack and Mark Paoletta, a lawyer who worked alongside Thomas during his confirmation, dive deep into the Justice’s story. Drawing on a rich array of historical documents and unreleased conversations with Thomas, his wife, and those who knew him best, Created Equal is a timeless account of faith, race, power, and personal resilience.

Money is an essential component of our daily lives, and understanding it is crucial to navigate the world around us successfully. However, did you know that not all money is created equal? Some money, like fiat currency, is man-made and holds value only because a government guarantees it. On the other hand, real money holds intrinsic value and can be traded and used without any third-party intervention. This book aims to educate readers on the different types of money and highlight the importance of real money in our lives. With a straightforward and informative approach, this book provides the necessary tools to distinguish between fiat currency and real money, explore the concept of supply and demand, and understand the history behind money's evolution. Through this book, readers will learn how to invest in real money, take intelligent risks, and become financially conscious individuals. Whether they are saving up for retirement or looking for alternative investment options, this book will help adults make informed financial decisions. So let's dive in and discover the fascinating world of real money!