A venture capital book that treats VC as a topic of strategy rather than finance.
Written from the perspective of a performer turned educator, distilling hundreds of lessons from VCs, founders and LPs, VC Strategy: How to Think Like a VC has been adopted as a textbook at universities from the east coast all the way to Hawaii, often incorporated into entrepreneurial finance and private equity courses. The book teaches founders the key issues for negotiating a VC deal. Many student teams utilize the book to prepare for VCIC (the Venture Capital Investment Competition) — see VCIC 5-book sale.
Covered in this venture capital book:
- The core competencies of successful VCs (The VC Job Cycle)
- How venture capital differs from other forms of startup financing (What is Venture Capital?)
- What VC’s are looking for in a startup (VC Razor)
- How the sharks on TV’s Shark Tank are ruining venture capital (VC Job: Invest)
- The top two terms on any term sheet (VC Job: Invest)
- How VCs “work the bullpen” like music industry executives (VC Job: Grow)
This section of the book covers the industry and the “VC Job Cycle.” After a brief history of venture capital, we break down the job duties of venture capitalists, exploring fundraising, investing, growing and exiting. Below are short videos that introduce some of the concepts from the book.
The second half of the book covers a due diligence framework called “VC Razor.” going into depth on the topics of Product/Market Fit, Founder/Industry Fit and Fund Fit.
Quotes about Venture Capital Strategy:
- “This book was a great primer to the topic of Venture Capital.”
- “This book is comprehensive, accurate, and uses concise explanations and analogies.”
- “What makes this such a great value to readers is how succinctly, and clearly, Professor Vernon explains each concept.”
- “If you want to quickly get up to speed on how VCs think about the world and why, you can’t find a better resource than this.”