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The Venture Cafe: Secrets, Strategies, and Stories from America’s High-Tech Hardcover – March 14, 2002
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"...describes the DNA of the dot-com refugees who now are shaping the gene pool of tomorrow's large corporation. -- Christopher Meyer, coauthor of Future Wealth and Blur
"...great stories and wise advice...walks readers through the thicket of starting a company..." -- Daniel H. Pink, author of Free Agent Nation
"...truly fun to read and most valuable..." -- Stan Davis, author of Lessons from the Future and coauthor of Blur
"Demystifies the venture capital industry and the entrepreneurial mind." -- Howard Anderson, co-founder, Battery Venture Capital and founding partner and senior managing director, YankeeTek Ventures
"Eureka! Esser has found it-the essence of high-tech venturing-and delivered it in a great, empowering book...must reading (and re-reading!)." -- Paul Bottino, executive director, Technology & Entrepreneurship Center, Harvard University
"Takes you inside the minds of technology entrepreneurs." -- Guy Kawasaki, CEO, Garage Technology Ventures
About the Author
Teresa Esser is an active member of the MIT entrepreneurial community and lives in Cambridge, Massachusetts.
Top customer reviews
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"Demystifys the venture industry". I don't think so.
"Exploring the entreprenurial spirit." Somewhat.
If you want to understand the venture world don't bother.If you are an entreprenuer and you want to find how tough you are compared to other entreprenuers seeking venture funding read this book.On the other hand why bother when you have Napoleon Hill's classic "Think and grow rich."
The only life saver for this book is the sample term sheet that appears on the appendix.In hindsight thats the only reason I would buy this book.
e-Boys is the best book in this genre.
Teresa Esser's point is that what often seems to happen by happenstance, isn't so random at all. She believes that successful entrepreneurs have put into practice - knowingly or unknowingly - the "ideal" of what she calls "The Venture Café."
One of Esser's subjects, Joost Bonsen (who runs informal networking events in Cambridge, MA), has the book's best take on what a Venture Café is:
"It is a venue for adventurous thinking or a cauldron of creative ferment. Who knows what will pop up from it? In fact, nothing is likely to. But you never know. When it does happen, it does have powerful consequences."
Bonsen goes on to add that his role is to be "a catalyst - some type of connection machine. An engine of introduction. A tangible mechanism by which two people who ought to connect do." Esser spends the book driving to the heart of how best to capture and create the essence of what Bonsen describes.
Let other books tell you how to put together a business plan, how to sell your products, and other "blocking and tackling" elements of a start-up. Teresa Esser's fine work captures a key piece of the puzzle that you you'd be crazy to ignore.
The most important message Teresa Esser brings to light is that no matter how great your idea is, no matter if you have "an idea whose time has come," if you don't have ALL of your ducks lined up in a row, you are likely to fail. Like serving the perfect cup of coffee (the venture cafe analogy works at so many levels), it requires more than just a good idea, it requires a source of quality beans, reliable deliveries of raw materials, a method of roasting, the right brewing equipment, meticulous quality control, sufficient capital, the right marketing, unwavering commitment ... the list goes on and on and on.
Sip from Teresa's cup and you will come away a great deal wiser. It's like spending an afternoon at the cafe surrounded by the best and brightest entrepreneurs. I'll have a double latte, no foam, what can I get for you?