As a young entrepreneur, it’s not easy to understand how venture capital really works. There are tons of horror stories that spread through the community like urban legends and phrases like “Term sheets” and “Down Rounds” can sound foreign. Amidst all of these questions is an aura of uncertainty about how the whole system really works. Fortunately, there’s Jeff Bussgang’s book, Mastering the VC Game to help.
This book should be a must read for any young entrepreneur who thinks they may ever want funding. It’s that good. Here’s a few reasons I love the book:
It Answers My Questions:
For a long time, I’ve had a million different questions about how it all works from start to finish and why certain aspects of the investment process are they way they are. In Mastering the VC Game, Jeff breaks it all down in simple terms that have immeasurably raised my understanding how it all works. He’s also fair to both entrepreneurs and VCs alike, in explaining on how varying motivations can lead to all those conflicts and horror stores we hear about.
Thanks to this book, I now have a basic framework and understanding to build off of should I ever pursue funding. I thought I was going to have to go to a ton of events about funding to understand venture financing, but this book is much clearer than putting together piecemeal information from events.