Entrepreneurial Finance and Private Equity
Class #11 – Tuesday, November 19, 2002
Exit Strategy
Case: USInternetworking: Third Round
Network File: USi(third
round).xls
Guest Speaker:
John May, Managing Director, New Vantage Group
- How
much progress has USi made from the second-round to the third-round
decision? Is USi “ready” to go
public?
- In
actuality, how divergent are McCleary’s and Frank Adams’ view of the
situation?
- Chris
McCleary seems concerned about the dilution that might occur with another
round of private equity. How would
an IPO prevent this?
- Estimate
the value of USi with a third round of private equity versus an IPO.
- Assuming
Adams has the upper hand
here, which alternative should he choose?