"Venture Deals...

Feld and Mendelson - How venture capital deals work
1243_ [Orig.Pub: 1069_ 8/29/11] 7/19/2012- At GlueCon this past May 2012, Jason Mendelson told us about a sequel to "VENTURE DEALS". When Brad Feld and Jason Mendelson sat down to write their book the goal was to aim it at every entrepreneur, to really help them understand how venture capital deals work. Brad Feld in Tuscany, Italy talks with Larry Nelson via Skype to tell us about his newest book, "Venture Deals...Be smarter than your lawyer and venture capitalist". The inspiration for the book came from the Term Sheet Series that Jason and Brad wrote about five-six years ago. This is a particularly valuable book for entrepreneurs looking for money... You'll get an insider's view of the venture deal process, the different players involved on the deal side including how venture firms are setup. And, they talk about how an entrepreneur should think about the fund raising process. The term sheet is a very complicated document and there are a lot of things that people negotiate. But there are essentially only two things that matter which are economics and control. Here they've spent a lot of time helping the reader understand which terms related to economics and which terms were related to control and how and what that meant. It's meant to be a guide not a text book with material that can be very dry and boring. They've made fun of lawyers, venture capitalists and themselves along the way, but there goal was to write something significant and enduring. Comments from readers include..."For a first time entrepreneur, it's a completely enlightening book." Dick Costolo, Twitter CEO wrote a very nice forward to the book where he talks about how useful it would have been to have this book at the beginning of his career, and throughout his career, to look back and reflect on all the deals he's been involved in. Brad tells us how his blog, Ask the VC works with this book. Number one piece of advice for a new entrepreneur from Brad is, "Pick something that you're incredibly passionate about. The thing you want to create, the business you want to start should be something that you're in love with. It's going to be hard. You're going to have lots of ups and downs, there will be lots of things that don't work. If the thing you're working on 18-20 hours a day isn't something you're incredibly passionate about, what's the point?" Second is surround yourself with mentors." ...don't miss the rest of Brad's advice, listen now!
Related Links: Venture Deals - Amazon || Ask the VC || Feld Thoughts || Mendelson's Musings || Foundry Group || Feld-Weiser One-on-One || VC Channel || Keywords: Brad Feld, Jason Mendelson, Venture Deals, Venture Capitalist, Foundry Group, Entrepreneur, Mentors, Dick Costolo, Twitter, Tuscany, Italy, Foundry Group’s Series A Documents - Bytes: 13588587
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