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Just finished the book. Very good understanding of how the VC game is played. This book will help entrepreneurs formulate a targeted biz plan with a better chance of funding.Well written and easy to understand.highly recommend.
Berkery's depth of experience in the venture capital world comes through clearly in his writing - he knows what he is talking about and has a great way of explaining it to those who want to learn more.William M. And if there are college professors out there teaching venture capital - this book has to be the one you use as a textbook.
As I searched out different books on the subject, I came across Dermot Berkery's "Raising Venture Capital for the Serious Entrepreneur". This book was exactly what I was looking for.
I wanted to gain a better understanding of venture capital financing, for purposes of my own professional development, and to expand the services I offer as a CFO consultant. Some of the areas that were quite helpful included understanding the unique cash flow and risk dynamics of an early stage venture, how much capital to raise and when, creating winning business plans (not what you have read in other books), how to value early-stage ventures, and negotiating all facets of a term sheet.In addition to his clear writing style, he provides well thought out explanatory exhibits, mini-cases, and exercises - all of which reinforce the concepts, in a meaningful way.I would highly recommend this book to any entrepreneur, and those that support them, who really wants to, and needs to, understand venture capital as a funding source.
Mr. Berkery provides his readers a clear and complete understanding of every aspect of venture capital.
Mr. Wright II, CPAChesapeake, VA USA[.].
I also appreciated the insight on what investors in various finance rounds need to do to protect their investments. I'm an experienced senior manager who has made acquisitions and initiated new businesses from the corporate side, but this book gave me a lot of new insight. An early round investor, for example, could get wiped out in a later round even though the founders and later investors do fine, if the company valuation doesn't increase as expected. It does an excellent job of explaining what venture capitalists are looking for and how entrepreneurs should interact with them. The subject of how to assess the value of a startup was good, although as you might expect, somewhat general. The book also includes a lot of detail on the elements of a term sheet and what to look out for. Five stars for sure.
this book changed my life in so many words or less this book had a huge impact on my life.
His chapters on what makes for a successful business plan is so right on, and everyone should measure their plan against his required attributes. I am a veteran of several Silicon Valley startups, having gone to raise money, and watched money being raised, and invested my own as an angel. This book is by far the best I've ever gone through, from the point of view of someone very experienced in the field, with the gift of being able to articulate not the theory, but the true practice.The author goes through the mindsets of the investors and the entrepreneurs in an uncannily accurate manner. If you don't match up, you really need to consider another idea, or do alot more creative thinking on your existing idea.This was by far the best $50 I spent as a career startup type. Thanks to the author for keeping it very real and readable.
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