INTRINSIC VALUE WEALTH REPORT NEWSLETTER

~ Un-Common Sense In An Irrational World: We Challenge the Conventional Wisdom^TM ~

MY NEW BOOK ON PRIVATE CAPITAL MARKETS INVESTING HAS JUST BEEN RELEASED

My new book on private capital markets investing was just released. You can get a copy of it at Amazon Kindle (the Kindle app to read the book is free and can be downloaded free in the Apple App store or Google Play Store):

Intrinsic Value Wealth Report Pocket Guide to Private Capital Markets: The Complete Guide to Investing in Venture Capital, Angel & Early-Stage Companies, Alternative Investments, and Crowdfunding.

Here’s a summary of the book:

Private Capital Markets is a practical, comprehensive pocket guide to understanding, analyzing, and investing in the expanding world of private capital markets—including venture capital, angel investing, early-stage companies, private equity, alternative investments, and equity crowdfunding.
 
For decades, investors focused primarily on public stocks, bonds, mutual funds, and cash. But today, much of the most important value creation occurs outside the public markets. Companies stay private longer. Alternative investment structures have expanded. Private credit, real estate, infrastructure, oil and gas, private equity, venture capital, and crowdfunding opportunities are increasingly available to investors seeking higher return potential, diversification, and exposure to assets that may behave differently from traditional stock-and-bond portfolios.
 
But private capital markets are not easy. They are often illiquid, opaque, complex, difficult to value, and highly uncertain. Investors may face limited information, optimistic projections, subjective valuations, promotional offering materials, and unclear exit paths. This book was written to help serious investors, students, entrepreneurs, advisors, and analysts approach those opportunities with greater discipline, skepticism, and structure.
 
At the center of the book is Dr. Paul M. Wendee’s Private Capital Markets Enterprise Analysis Model™ — the P-CAP-E Model™, an eight-step investment analysis process developed from more than forty years of experience as an investment banker, securities analyst, portfolio manager, and investment educator.
 
The P-CAP-E Model™ walks the reader through:

1. The 5-Minute Review — a rapid screening process to decide whether an opportunity deserves deeper analysis.
2. Artificial Intelligence Analysis — using AI as an analytical assistant to summarize documents, identify issues, and improve diligence.
3. Due Diligence — reviewing the business, market, management team, risks, investment terms, and supporting documents.
4. Forecasts and Projections — developing reasonable assumptions about future operating performance.
5. Valuation — applying methods such as the Venture Capital Method, Discounted Cash Flow Model, Berkus Method, Scorecard Method, Risk Factor Summation Method, and First Chicago Model.
6. Return Potential — analyzing possible investor outcomes using IRR, MOIC, and CAGR.
7. Venture Selection Decision Table — organizing the final go/no-go decision using a weighted subjective probability framework.
8. Monitor and Feedback — tracking the investment after capital is committed and reassessing performance over time.

The book also includes chapters on analytical tools such as the Altman Z-Score, Piotroski F-Score, breakeven analysis, DuPont Analysis, financial statement analysis, economic forecasting, strategic management, portfolio construction, exit strategies, causes of failure, decision making, and the role of luck in investment outcomes.
 
This book is designed to be more than a one-time read. It is a field guide, checklist, reference manual, and practical companion for investors who want to internalize a disciplined way of thinking. As readers review pitch decks, Form C filings, private placement memoranda, business plans, financial statements, investor presentations, and fund materials, this book helps them ask better questions:
 
Private Capital Markets is the book Dr. Wendee wishes he had when he began his career more than forty years ago. It brings together decades of experience, practical frameworks, valuation methods, diligence questions, analytical tools, and portfolio concepts into one complete guide for analyzing private market opportunities with greater clarity, discipline, and confidence.