Podcast
Questions and Answers
What type of warranties does the publisher specifically disclaim?
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?
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?
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?
What common misconception about warranties is addressed by the disclaimer from the publisher?
What does the author suggest as a needed skill when starting a business, as reflected in their personal experience?
What does the author suggest as a needed skill when starting a business, as reflected in their personal experience?
Flashcards
Disclaimer of Warranty
Disclaimer of Warranty
The publisher and author are not responsible for the accuracy or completeness of the information within this book.
Limit of Liability
Limit of Liability
The publisher and author are not legally liable for any financial losses arising from the use of this book's information.
Suitability Disclaimer
Suitability Disclaimer
The advice and strategies presented may not be suitable for every situation.
Exclusion of Damages
Exclusion of Damages
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Customer Care Contact
Customer Care Contact
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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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