Venture Deals:Be Smarter Than Your Lawyer and Venture Capitalist
Summarized September 2011
As each new generation of entrepreneurs emerges, there is a renewed interest in how venture capital deals come together. Venture capitalists are already experts in financings, but on the other side of the table, most entrepreneurs are negotiating a deal for the first time.
Now, in our summary of Venture Deals, Brad Feld and Jason Mendelson level the playing field. For more than 17 years, they have been involved in hundreds of venture capital financings. They are co-founders and managing directors of Foundry Group, a Boulder, Colorado-based early-stage venture capital fund that invests in information technology companies. Feld previously co-founded Mobius Venture Capital, where Mendelson was a managing director and general counsel.
This summary demystifies the venture capital process and will help you to gain a practical perspective on this dynamic discipline. You’ll understand the nuts and bolts of the term sheet, the various participants in the process, and how to negotiate the best possible deal.
Whether you’re an experienced or aspiring entrepreneur, a venture capitalist, or a lawyer, you can benefit from the insights found throughout this summary.