Highly recommend this for the VC noobs out there. I thought I understood the deal making process since I've been through a few on the outside. It helped.
If you are thinking of starting a business and eventually taking on VC capital this is a must read for you! I learned so much relevant information in a very short amount of time.
Great VC overview
The authors did a great job describing every step of the VC and liquidation process.
My only issue was around the chapters dealing with specific items in the term sheet, which to me was the most important section. While the overview was valuable, much of the discussion was just the narrator reading legal clauses from an actual term sheet. This was often difficult to follow and, well, boring. It would have been much more interesting had they broken down each item and explained what it meant in layman's terms, and with more examples.
This is one of the most readable books on venture capital that I've read. It goes into the qualitative and quantitative factors at play and also gives you the entrepreneur's view point along with the investor's viewpoint. It pinpoints the gotchas you need to watch out for as well as the stuff that frequently causes needless angst and makes your lawyers rich. Highly recommend it!
Venture deals made a highly complicated, relatively unknown process to first time entrepreneurs looking for investment digestible and simpler to understand. It's a book that I'll likely refer back to many times over in progressing with my companies financing and investment needs.
Great read and great info, conveyed in an easy to understand manner, but at the same time very thorough. Highly recommended!
Love the flow, preps you for the 2nd half with the tactics, tools & whys you'll need, then BAM lays out strategic scenarios assuming you're armed with the right tools. This is great work for prep, communication, and a functional message to help the industry move forward. You can tell these authors want to build better ecosystems with intelligent sophisticated leadership. 5 ef'n Stars!
It met my expectations and beyond
I recommend it to anyone who is looking to invest or ask for VC money