Time i can devote to the product or reading more insightful books

Time i can devote to the product or reading more insightful books  Read Less

Whether you agree with the authors views or not this book and their online resources e

Whether you agree with the authors views or not this book and their online resources e  Read Less

Purchase price is less than 10 minutes of a deal attorneys time

Purchase price is less than 10 minutes of a deal attorneys time  Read Less

I found many takeaways from the reading

I found many takeaways from the reading  Read Less

• warrants should deliver the most recent class of stock at the most recent round’s price

• warrants should deliver the most recent class of stock at the most recent round’s price  Read Less

An amazing book with a lot of great insight into the vc world

An amazing book with a lot of great insight into the vc world  Read Less

If for some mysterious reason you don’t want a preview on the other hand look away now because what follows is my summary of th...  Read More

If for some mysterious reason you don’t want a preview on the other hand look away now because what follows is my summary of the key pointschapter 1 “the players”• you need to be talking to a managing director or a general partner• you need a good experienced lawyer this is an awful place to skimp• mentors are greatchapter 2 “how to raise money”• you need an elevator pitch an executive summary and a 10slide powerpoint presentation• “we haven’t seen a business plan in more than 20 years”• your financial model must get the potential expenses right forget about nailing the revenues• do your homework on your vc and don’t press any clearly advertised wrong buttons• if you feel like your vc is a proctologist run for the hills• ask your vc for references from entrepreneurschapter 3 “overview of the term sheet• it’s not a letter of intent it’s a blueprint for your future relationship with your vc• two things matter economics and controlchapter 4 “economic terms of the term sheet”• understand the difference between premoney and postmoney• the vc will try to stick the options pool in the premoney valuation• you must have a plan b to be able to negotiate good economic terms• competition aside valuation will depend on the stage of the company the team’s experience the numbers the suitability for the vc and the economic environment• liquidation preference arises because vcs come in with preferred stock and means the vc gets its money first  Read Less

That means you’re selling the firm• they will beef up the options plan right out of the offer they’ve shown you

That means you’re selling the firm• they will beef up the options plan right out of the offer they’ve shown you  Read Less