Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist
Praise for Venture Deals
"My biggest nightmare is taking advantage of an entrepreneur without even realizing it. It happens because VCs are experts in financings and most entrepreneurs are not. Brad and Jason are out to fix that problem with Venture Deals. This book is long overdue and badly needed."
Fred Wilson, Managing Partner, Union Square Ventures
"Feld and Mendelson pac...more
The thing to remember about this book, if you're an entrepreneur, is that it's written by two VCs. Everything you read should be taken critically. The information is still exceedingly useful. There are no overt howlers in this book intended to take advantage of entrepreneurs (or not many and not intentionally). It is written, perhaps unavoidably, with a VC bias, and presents traditional VC-friendly terms as standa ...more
The book discusses a lot of the issues relevant for any startup founder - how venture capital deals are structured, what is the relevance and impact of various terms on the term sheet, how to raise money, how to negotiate with VCs, how VC funds work. The explanations are very helpful, and should help any first-time founder. Authors have managed to provide a balanced perspective between the interests of the VC and the entrepreneur.
The book is writ ...more
Angel Investors differ from most Venture Capitalists (VC) in that generally they sincerely want to see you succeed. It may come as ...more
If you approach the book exp ...more
The advice is certaintly all solid, but as it is aimed at novices, if you have been through a couple of rounds of financing it is questionable if you would get much out of thi ...more
set a timeline and an amount; how much do you need to get your company to a meaningful milestone? we chose 18-24 months paying 2-3 engineers, which came to around 300k. pick a specific number, not a range.
investors love to join an oversubscribed round. Don't set your target too high or you might scare away Angels who don't feel like they can make a dent.
Except the ...more
I'd had Brad Feld's book on my to-read list for some time after I started reading his blog (which is worth subscribing to). I got hold of it recently and put it into the pile of stuff I'm trying to worth through by end of year. It was pretty easy to digest so I made short work of it.
Venture Deals comes from a unique perspective as Feld and Jason Mendelson (his coauthor) have both been on the receiving end of VC deals before going on to become VCs themselve ...more
The utility would be 5 stars. The other thing I loved was its relative brevity. It had 170 or so pages, probably 70k words, and the restraint that they showed was a feature. I hope that the Kindle brings more brevity to the business bookshelf because most of the business books I read are too long by half. (Michael Lewis, I'm talking to YOU.)
It helps us to understand the startups we're work ...more
That being said, it's very insightful, completely pulls the curtains back, and it's a must read for anyone thinking about starting a company
have business plan ready
create basic product first
pick your investors carefully
if you don't know what to do or say let them act first
I recommend this to entrepreneurs, never considered funding until now, and this is a great introduction
In addition to his investing efforts, Brad has been active with several non-profit organizations and currently is chair of the National Center for Women & Information Te ...more