Table of Contents
Foreword Eric Ries ix
Introduction 1
1 Born in the Bubble 9
2 So Really, What Is Venture Capital? 25
3 How Do Early-Stage VCs Decide Where to Invest? 42
4 What Are LPs and Why Should You Care? 53
5 The "Limited" Edition: How LPs Team Up with VCs 69
6 Forming Your Startup 91
7 Raising Money from a VC 112
8 The Art of the Pitch 124
9 The Alphabet Soup of Term Sheets: Part One (Economics) 140
10 The Alphabet Soup of Term Sheets: Part Two (Governance) 170
11 The Deal Dilemma: Which Deal Is Better? 189
12 Board Members and the Good Housekeeping Seal of Approval 199
13 In Trados We Trust 210
14 Difficult Financings: When Bad Things Happen to Good People 232
15 Exit Stage Left (The Good Kind) 247
Conclusion: The World Is Flat 269
Appendix: Sample Term Sheet 277
Acknowledgments 287
Notes 291
Index 295