Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist

Technical, but fully justifiable as the subject demands details and precision. Some very valuable ideas about negotiations and ton of small insights and tips about deal making. I give it 5 stars for sure, but I would have to say that the next level would be to create 2 different books. One for entrepreneurs and the other one for Investors e.c. The reason is that this book feels like it tries to please both sides, but I guess in most cases Entrepreneurs would need to focus more on the deal making part and less on the technical side of it. This is something that was mentioned couple of times in the book as "Strategy to steer away the focus of the important parts of the deal".Thank you Brad and Jason! I know I will come back to this book many times.

Being the CEO of a start-up I wanted to know what I can about Venture capital, after reading "Lost and Founder" by Rank Fishkin (highly recommended by the way, in fact I insisted all my board read it). Rand recommends "Venture Deals" and I would too. There is a chapter on the basics in Rand's book, but Brad Feld really goes into the detail. As you can imagine the book is not a laugh a minute, it takes you through the (US) (I'm in the UK) legal framework and the calculations. Of course for some that will make it too dry, but if you want to be successful you have to put in the hours. Well worth the investment and read.

I bought the MP3 version to listen to and made notes. I found the content easy to follow and understand . It certainly made me more aware of the VC investment process and also in general how shares are managed in a business. There is plenty of reference to how term sheets are managed so if you need the detail its all there . Would recommend

Brought for my son

This is by far the best book I have bought in the last year. I am an English lawyer specialising in venture capital investment in tech start ups and I learnt more this weekend reading Brad and Jason’s book than I have in the past year at work. If you are at all interested in learning about the world of venture capital investing do not hesitate to buy!!

One of the best vc books out there. Really goes into detail on the deal process and pitfalls

Started at a VC firm in NYC last September and this book gave me an invaluable step up going into the job

The "bible" for founders looking to raise a round. Great balanced views between founders' and investor's best interest.

very useful

I was working on building a student-focused venture capital fund and I wish I had read this when I started off. Investors, entrepreneurs, anyone looking at the industry should be reading this book to gain a strong foundation.

This was a great book. And you need to buy it and read it NOW. Just do it.Backstory: I'm a startup founder, new to the VC game, and currently raising our seed round for our startup. I didn't know very much about raising money other than I heard the term "Term Sheet" and "Seed Round, Series A, B" "Valuation" etc being thrown around in the startup world. After watching a few youtube videos on raising money and the VC world it was time to buy this book and get into the details.What this book does: It breaks all of the different elements of raising money (focused a lot on Seed stage - which I think most people want to know about and is the author's focus) and the different terms being thrown around or discussed during the process. What you should watch out for, what are the terms in the term sheet, what's worth arguing over, understanding how the different types of investors will get paid and in what order when you EXIT (Sell your company or IPO)... this is very important btw.Highlights & Best part: It gives you the "Entrepreneur's Perspective" for each section, which is awesome... So you can see how you, as the entrepreneur, should view this sections and what's the important thing to think about and what's not when faced with that particular area. This is important especially when people in the room are arguing over terms that aren't important to you...figure out what parts of the agreement are "must have" terms for you and then don't spend too much time or energy arguing over the other stuff, especially if it's industry practice for some of these terms etc.I hope this review helps...Still a newbie to this stuff, but literally using this book as my manual for my Seed round negotiations that are happening as I'm writing this... So that should be a good indication of how valuable this book is :)

Excelente libro. Muestra de una manera muy clara cómo se toman las decisiones dentro de un VC. Creo que volveré con cierta frecuencia para consulta.

Your search for a great Explanation on how Term Sheets are structured and what the clauses mean Ends right here! This book gives you all the Explanation required to negotiate with potential Investors.