This book is packed with facts about the deal. If you've ever had a business, thought about investing in someone's business, its more than just equity at stake. The contracts Feld goes through in this book break it down line by line, explaining what is normal, vs when one person (the investor or entrepreneur) is getting the upper hand. Real life examples, candid opinions -- this is everything I wish lawyers, mentors, or teachers should have told me years ago but didn't. I imagine listening to this book once or twice a year to stay sharp.
Of roughly 100 business, startup, marketing, tech books I'm listened to, this is a top 5 for sure. Between inspiration and wisdom, philosophy and experience, examples and challenges, this book is great for the first time or the many timed entrepreneur. Peter is a clear authority in the space, and this book is a summary of much of what he's learned.
Explaining some of the beginnings of Paypal, and opportunities he sees available to future businesses.
I don't recall listening to Blake Masters before, however I would gladly listen to books narrated by him in the future. Calm voice, perfect for the wisdom based material in the book.
It has helped alter the way I will hire in the future. It's validated some theories and challenged other theories. It has me already looking for Zero-One type concepts vs horizontal product improvements in the fields I work in.
Just a thank you to Peter Thiel for writing this. Peter doesn't need the income from book sales, nor is he trying to force his way into becoming an authoritative figure in startups because he's already there. This is a gift. This is basically like getting a evening of the best cocktail conversation advice and stories from one of the hall of fame start up allstars.
Relevant Entreprenurial Education
Unless you already know tons of VCs, or have been a part of successful entrepreneurial think tanks, or have listened to the conversation of Tech company startups as well as the mentors from those companies...and those kinds of insights are intriguing to you, then by all means read this book. If you have or aspire to have a tech company, this is a book to help guide you down some successful patterns and help you avoid common pitfalls. Any business owner in the start up arena or tech/internet vertical who is interested in increasing the chances in having success will enjoy this book. -- this audio version is great.
I always believe investing in your own self is time well-spent. Listening to this book gave me a greater perspective on global competition or global copycats which take a great US concept and apply it else where (UK etc). Yes, the great entrepreneurs do different things than the rest, and their are often commonalities in those things, however one should not read the title and think it gives them the license to be crazy. But then again...every entrepreneur has their own dice, risk, dollars they're betting on.
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