67 of 71 people found the following review helpful
It's like having Brad whispering in your ear when you pitch VCs,
This review is from: Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist (Hardcover)
(Note - although the book isn't available yet, you can get it on a Kindle immediately -- that's what I did)
I'm CEO of a tech company based in Silicon Valley, and I've been reading Brad's blog for a long time.
I wasn't sure how much new information the book would provide -- after all, just following the blogs of top Valley-based entrepreneurs and VCs provides a wealth of information (Brad Feld, Fred Wilson, Steve Blank, Mark Suster, pmarca, Sean Ellis, Ben Horowitz -- the list goes on)
But the book delivers in a few key areas: First off, Brad & Jason break down the entire process from soup to nuts. That's great for first-time entrepreneurs. I wouldn't be surprised if this book became the bible of startup incubator programs. There's enough detail to make it feel fresh, but it's not so dense that it's hard to get through. I would suggest a re-read though, especially if you're completely new to fundraising (like Dick Costolo says in the forward, if you don't know preferred stock from chicken stock).
The real value for more experienced entrepreneurs lies in the nuances of the fundraising process. If you've been through it before, you know that one misstep can be very costly, and there's absolutely a "code" to follow. Its described eloquently as VCs looking to do deals with those who can speak their language. So consider this a way to get fluent in that language, so you can focus on what's important to you, instead of junior mistakes.
For those looking to raise an angel round only: I've written a series of blog posts about our experience raising $1MM for our statup. The raise took us 14 weeks, and my goal is to help other entrepreneurs do it more quickly and efficiently. You can read about my "Fundraising Cribsheet Manifesto" at [...] . Hope it's helpful, and good luck!
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Initial post: Jul 20, 2011 9:48:23 AM PDT
So is it my understanding that this book doesn't covere raising angel rounds?
Can you link to the blog posts you wrote?
In reply to an earlier post on Jul 24, 2011 11:14:43 AM PDT
Last edited by the author on Jul 31, 2011 1:15:53 PM PDT
Yes the amazon editors took the link out. It's http://go.danielodio.com/manifesto (or just google "daniel odio fundraising manifesto"). Good luck!
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