All Money Is Not Created Equal: How Entrepreneurs Can Crack the Code to Getting the Right Funding for Their Startup

Far too often, founders pour their heart and soul into a company only to find themselves starved of any substantial equity ownership. The multiple rounds of funding often required to get an organization to a place where it is viable in the marketplace can dilute the ownership of even the most careful entrepreneur.

In All Money Is Not Created Equal: How Entrepreneurs Can Crack the Code to Getting the Right Funding for Their Startup, renowned investor and Silicon Valley venture capitalist David Spreng delivers an accessible and authoritative discussion of the myriad financing options available to founders and how to best utilize them to ensure both company growth and the maintenance of a significant ownership stake.

In the book, Spreng interviews key stakeholders in the startup ecosystem, from entrepreneurs to venture capitalists, board members, and investors, who discuss the full range of corporate eventualities, like mergers, acquisitions, IPO, failure, and success. He also draws heavily on his decades of personal experience in the industry, during which he was involved with dozens of growth companies.

You'll find tried-and-tested strategies for obtaining financing at every stage of company growth that don't drain your equity. In particular, you'll discover the value of using debt financing during later-stage funding rounds to avoid unnecessary dilution and maintain the value of your ownership stake.

Perfect for prospective and currently active entrepreneurs with growing companies, All Money Is Not Created Equal is also an essential resource for angel and venture capital investors, as well as lawyers, accountants, and tax specialists who provide financial and legal services to entrepreneurs.

在《不是所有的錢都一樣：創業家如何破解為他們的初創公司獲得正確資金的密碼》一書中，著名投資者和矽谷風險投資家大衛·斯普倫（David Spreng）提供了一個易於理解且權威的討論，介紹了創業家可利用的各種融資選項，以確保公司的成長和保持重要的所有權份額。

在這本書中，斯普倫訪談了初創生態系統中的關鍵利益相關者，從創業家到風險投資家、董事會成員和投資者，他們討論了各種企業可能面臨的情況，如合併、收購、首次公開募股、失敗和成功。他還大量借鑒了自己在該行業的數十年個人經驗，期間他參與了數十家成長型公司。

你將找到在公司成長的每個階段獲得融資的經過驗證的策略，而不會耗盡你的股權。特別是，你將發現在後期融資階段使用債務融資的價值，以避免不必要的稀釋並保持你的所有權份額的價值。

《不是所有的錢都一樣》非常適合有著不斷增長的公司的潛在和現行創業家，同時也是天使投資者和風險投資者的重要資源，以及為創業家提供金融和法律服務的律師、會計師和稅務專家。

DAVID SPRENG is a veteran investor based in Silicon Valley with 30 years' experience as a venture capitalist and growth debt lender. As a VC, he was involved in the formation and development of approximately 50 tech companies resulting in 18 initial public offerings and 14 trade-sales. He is the founder and CEO of Runway Growth Capital.

DAVID SPRENG是一位位於矽谷的資深投資者，擁有30年的風險投資家和成長債務貸款人的經驗。作為風險投資家，他參與了大約50家科技公司的成立和發展，其中包括18家首次公開募股和14家交易出售。他是Runway Growth Capital的創始人兼首席執行官。