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    Venture Deals, 4th Edition: Be Smarter than Your Lawyer and Venture Capitalist
    Venture Deals, 4th Edition: Be Smarter than Your Lawyer and Venture Capitalist
    Venture Deals, 4th Edition: Be Smarter than Your Lawyer and Venture Capitalist
    Audiobook11 hours

    Venture Deals, 4th Edition: Be Smarter than Your Lawyer and Venture Capitalist

    Written by Brad Feld and Jason Mendelson

    Narrated by Barry Abrams

    4.5/5

    ()

    About this audiobook

    How do venture capital deals come together? This is one of the most frequent questions asked by each generation of new entrepreneurs. Surprisingly, there is little reliable information on the subject. No one understands this better than Brad Feld and Jason Mendelson. The founders and driving force behind the Foundry Group-a venture capital firm focused on investing in early-stage information technology companies-Brad and Jason have been involved in hundreds of venture capital financings. Their investments range from small startups to large Series A venture financing rounds. The new edition of Venture Deals continues to show fledgling entrepreneurs the inner-workings of the VC process, from the venture capital term sheet and effective negotiating strategies to the initial seed and the later stages of development.

    Fully updated to reflect the intricacies of startups and entrepreneurship in today's dynamic economic environment, this new edition includes revisions and updates to coverage on negotiating, gender issues, ICO's, and economic terms. New chapters examine legal and procedural considerations relevant to fundraising, bank debt, equity and convertible debt, how to hire an investment banker to sell a company, and more.
    LanguageEnglish
    PublisherAscent Audio
    Release dateOct 15, 2019
    ISBN9781469075952
    Venture Deals, 4th Edition: Be Smarter than Your Lawyer and Venture Capitalist

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    Reviews for Venture Deals, 4th Edition

    4.5/5

    73 ratings5 reviews

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    • 5/5
      Keep in mind that this book can be tricky for one outside the U.S. but well written otherwise
    • 5/5
      Insightful and helpful book to get started in fundraising and venture
    • 4/5
      This is a great and very detailed overview of how to do venture deals effectively from both the investor and founder perspective. In some parts I found it too detailed for me since I only am listening to advance my own knowledge. But it is a key read for professionals in the space.
    • 5/5
      Very Detailed on Term Sheets. Good Section on Venture Debt. In the end, there's a chapter for M&A specifically the Letter of Intent. Very informative for any founder!
    • 4/5
      * Lead investors tend to contribute a majority of capital in a round* There are all kinds of VC funds—make sure you’re talking with a fund that specializes in your sector and stage (seed, growth, late-stage)* Your VC has raised money just like you have—General Parters generally contribute 1%-5% of a fund, with Limited Partners contributing the rest* Ask your VC their strategy for follow-on funding (the pool of funding they have set aside to participate in future rounds)* Make sure you’re talking with a decision maker at the fund before getting your hopes up—usually a General Partner* When coming into negotiations, choose a few key fundamentals and be willing to compromise on the rest, as well as knowing at what threshold you should step away from the deal* Most VC funds last anywhere between 10 and 17 years; if your VC invests, this is the beginning of a long relationship (and is about a lot more than the money)* VCs will do everything they can to gain control over key decisions in the future of your company while having a minority stake* Make sure you understand all of the terms in your note; there are dozens of industry-specific terms that can have a lot of bearing on the future of your company; also understand what terms matter and what terms don’t. Don’t sign anything you don’t understand.* Don’t propose a term sheet/price to a VC; let them play their hand first and negotiate from there* Never tell a VC who else you’re talking to, unless you want them to form a syndicate* Your lawyer is a reflection of you. An excellent lawyer is worth every penny.