TechCrunch | One Book Every Entrepreneur and VC Should Own

techcrunch.com — tl;dr version: If you're an entrepreneur or VC or will be working in this industry - buy this. read it. live it. It's written by Brad Feld & Jason Mendelson. They know what they're talking about. It's important information that you need to avoid "information asymmetry" with VCs Some big lessons I've learned over the years about term sheets: 1) the language never says anything remotely like "blocking rights" or "participating preferred liquidation preferences" in the term sheets. It's hidden in legal language. You need to understand them. 2) lawyers seldom walk you through the "how can this term be used against you" scenarios. If you don't know the right questions to ask you may be left unawares. 3) VCs are anal about things like voting thresholds, seniority of their stock, protective provisions, etc. Entrepreneurs never seem to focus on anything other than ownership percentage. Brad & Jason's book, Venture Deals, will arm you. Read on for more details ... Jul 25, 2011 View in Crawl 4