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 pa...more
The authors, seasoned VC entrepreneurs, have a gift for writing and that’s what carries you through the book. It’s all very serious, of course, but the writing style is as far from dry as you can ...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
Venture Deals is a must-read for any entrepreneur thinking about starting, or currently running, a venture-backed company.
It might take you a bit longer to read (it took me several months which is A LOT higher than the average time it takes me to read a book), that most business books, because of the level of detail you will find. Yet, every detail is valuable because when in need you'll be able to remember wher ...more
The book is organized and informative, and this is the first book under this subject. The language used is not simple for all and the reader to be aware of some financial and law issues.
If you are an entrepreneur, an investor or something in between, you should read the book.
The book is somewhat a drag to read as it sometimes goes into legal details, but overall a very, very good book that only those who are working in the industry should read it.
There's plenty of other books about building great companies, valuation, how to divide stock options etc and all that you won't find in this book. But what you find in this book ...more
This is a book that everyone who is about to start a business should read. Then re-read it again anytime when he is raising funds. The structure is simply amazing. It explains every single term in details and examples. And the best part is that is that each chapter ends with a little - "what does this all mean to you - the enterprenour".
Must must read
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 had the second Edition and decided to pour through it over the course of a week.
The chapters were well split, casual in tone and easy to grasp language. The longest times were spent trying to get a grasp of the 'Legalese' examples used - but they were invaluable to the topics discussed.
I particularly appreciated the real-world/simulated examples provided because it helped me comprehend the number's and/or transactions that were ...more
As an employee of an early stage company, this is a must read ...more
Basically, a must-read for any founder who doesn't want to be caught with his pants down.
One aspect I did find this lacking in was more discussion about VC culture, and how the hierarchy within VC firms leads to the particular expectations of returns (1/20). There is also a lot of juicy, ...more
Brad is a writer and speaker on the topics of venture capital investing and entrepreneurship. He’s written a number of books as part of the Startup Revolution series and wri ...more