14-5 Venture Capital 今99 氵 Second Stage Market Value Balance Sheet(Smil) Assets Liabilities and equity Cash from new equity 1.0 New equity from 2nd stage 1.0 Other assets 2.0 quity from 1st stage 1.0 Your original equity 1.0 Value 3.0 Value 3.0 Irwin/McGraw-Hill CThe McGraw-Hill Companies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 14- 5 Irwin/McGraw-Hill Venture Capital Second Stage Market Value Balance Sheet ($mil) Assets Liabilities and Equity Cash from new equity 1.0 New equity from 2nd stage 1.0 Other assets 2.0 Equity from 1st stage 1.0 Your original equity 1.0 Value 3.0 Value 3.0