Business Book Warranties Quiz
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Questions and Answers

What type of warranties does the publisher specifically disclaim?

  • Warranties relating to usability
  • Implied warranties of merchantability (correct)
  • Statutory warranties of fitness
  • Express warranties of quality
  • What should a reader do if the advice in the book does not seem suitable for their situation?

  • Seek peer opinions on the advice
  • Follow the advice regardless
  • Ignore the advice provided
  • Consult with a professional (correct)
  • Which of the following types of damages is the publisher not liable for?

  • Legal fees incurred
  • Operational losses
  • Loss of profits (correct)
  • Administrative costs
  • What common misconception about warranties is addressed by the disclaimer from the publisher?

    <p>Warranties can be extended by sales representatives</p> Signup and view all the answers

    What does the author suggest as a needed skill when starting a business, as reflected in their personal experience?

    <p>Understanding legal documents</p> Signup and view all the answers

    Study Notes

    Book Title: Venture Deals

    • The book is written by Brad Feld and Jason Mendelson
    • A foreword is written by Dick Costolo, Twitter CEO
    • The book aims to help entrepreneurs, students, and first-time entrepreneurs be smarter than their lawyer and venture capitalist
    • The book covers various aspects of venture capital financings
    • It includes a detailed overview of the contents, the key players, fund-raising, negotiation, etc.
    • Key chapters include: the art of term sheets, how venture capital funds work, negotiation tactics, raising money the right way, issues at different financing stages, etc.
    • The book contains sample term sheets and letters of intent.

    Contents

    • The book provides a comprehensive overview of venture capital financings, including the various players involved (entrepreneurs, venture capitalists, angel investors, lawyers, mentors, etc.)
    • It discusses how to raise money, including determining how much to raise and required materials.
    • An in-depth look at the terms found in venture capital term sheets, including economic terms (price, liquidation preference, pay-to-play, vesting, employee pool, antidilution) and control terms (board of directors, protective provisions, drag-along rights, conversion).
    • It also covers other terms in the term sheet (dividends, redemption rights, conditions precedent to financing, information rights, registration rights, right of first refusal, etc.)
    • A chapter on the capitalization table, explaining how it works, and how to use it to analyze deals.
    • Chapters on how venture capital funds operate, negotiation tactics (including styles and approaches), and legal things every entrepreneur should know.

    Additional Materials

    • Additional materials, like standard forms and documents, are available on the AsktheVC website.

    Acknowledgments

    • People who contributed to the book's production are credited.
    • The book involved input from many people, including earlier deal books from Jack Tankersley, and others from the entrepreneurship community.

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    Description

    Test your understanding of the disclaimers and liabilities related to the warranties provided by a business book publisher. This quiz explores the author's recommendations for readers and the misconceptions associated with warranties. Enhance your knowledge about business advice and publisher disclaimers.

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