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Download Confessions of a Venture Capitalist: Inside the High-Skates World of Start-Up Financing epub

by Ruthann Quindlen

The woman who took Microsoft public introduces readers to the high-risk, high-stakes game of venture capitalism, showing how enterprising individuals can transform an idea into a profitable business. 60,000 first printing.
Download Confessions of a Venture Capitalist: Inside the High-Skates World of Start-Up Financing epub
ISBN: 0446526800
ISBN13: 978-0446526807
Category: Business
Subcategory: Finance
Author: Ruthann Quindlen
Language: English
Publisher: Grand Central Pub; First Edition edition (May 1, 2000)
Pages: 218 pages
ePUB size: 1400 kb
FB2 size: 1773 kb
Rating: 4.4
Votes: 866
Other Formats: txt doc rtf mobi

in waiting
Its surprising that the author of this book is a venture capitalist. The information in the book is very bland. Even as a primer I would hesitate to recommend it. A much better book would be e-Boys. The author seems to get lost in her personal bewilderment as to why women do not pursue top executive jobs in the corporate world. Her notion of pursuing market share regardless of profitability is misleading.
The only time this books sparks some interest is when she talks about microsoft.Apparently, before becoming a venture capitalist the author was a software analyst and had a number of candid interactions with Bill Gates. The author has very interesting insights in the software business. However, in the venture capitalist world she fails to shade any light with this book.
If you really want the true cofessions of a venture capitalist get e-Boys.
What's it like working with companies like AOL and Microsoft, just to name a few? Read all about the author's approach and experiences in the high risk business of venture capital.
Recently I read that, according to a report by Staples *, the "Percentage of American adults who say they have an idea for a new product or innovation: 42." (* Office Solutions, March/ April 2004, p. 10)

Going on the report stated that the "Top reasons for not getting an idea to the drawing board: not enough money (75 percent), not knowing where to start, ..."

If you're in that 75%, then reading Confessions of a Venture Capitalist will be an enlightening experience.

Ruthann Quindlen, a one-time investment banker now with Silicon Valley's Institutional Venture Partners, lays it on the line in this revealing glimpse inside the mind of a Venture Capitalist.

The book is divided into 11 sections, comprising 36 short and entertaining chapters.

Section 1: Life in the Bubble

A short history on life in Silicon Valley.

Section 2: People

"People Are to a Business What Location Is to a Restaurant" (need I say more)

Section 3: Markets

"Find Markets the Size of Texas"

Section 4: Business Models

"Faster, Better, Cheaper" versus "Brave New World"

Business models function as a blueprint on how the company will make money.

Section 5: Venture Capitalists

Stages to funding process and the role of Venture Capitalists.

Section 6: Entrepreneurs

Common mistakes and other words of wisdom for entrepreneurs.

Section 7: The Fine Line between Bizarre and Brilliant

Section 8: The Dumbest Decision I Ever Made

Section 9: Valuation and More

"You Can Have a Small Piece of a Large Pie or a Large Piece of Nothing"

Section 10: A View from the Trenches

Section 11: Five Short Years to a Revolution

If you're serious about transforming your ideas into market reality, you'll most likely need external funding from investors. "Confessions of a Venture Capitalist" will help you gain insight into how investors think. With this knowledge you'll certainly be able to put your best foot forward when asking for money.


Michael Davis, President - Brencom Strategic Business Consulting
`Confessions' discusses the author's personal experience and stories over 18 years as an analyst and recent venture capitalist at IVP.
Anecdotal easy-reading unreferenced chapters span:
* Life in the bubble- background on Sand Hill venture capitalists, the Internet and Silicon-Valley startups.
* People- desirable startup success characteristics including passion & drive, decisiveness, determination, true motivations of founders and leadership/focus/clarity [don't try stretch in too many new areas e.g. market, technology and team].
* Markets- desirable characteristics including large growth market size, needs rather than wants, simple elevator offering description, hype, and fads [e.g. must be technically feasible, proof of paying customers, listen to customer feedback else is fad].
* Business models- desirable characteristics as per standard models, plus focus on NOT licensing, flexibility of model, "faster, better, cheaper" versus "brave new world", costs, distribution models, manage expectations, and keep eye on (cash) burn rate.
* Venture capitalists- description of stages (e.g. initial pitch, follow-up meeting, due diligence, partner meeting pitch, deal negotiation & close), VCs are partners, listen to VC feedback.
* Entrepreneurs- common mistakes (e.g. hire wrong, think small, tell VC what think want to hear, underestimate competition, focus on money), determination, board meetings, hype, avoid family businesses, and be paranoid.
* Fine Line Between Bizarre & Brilliant- interesting ideas including one described as unintelligible (Digital Datawac) which seemed straightforward (should this reviewer be worried?).
* And short ending chapters on: The Dumbest Decision I Ever Made; Valuation and More; A View from the Trenches; Five Short Years to a Revolution; and an Appendix primer on financing and valuation.
Despite being an easy-read & addressing an interesting subject with basic structuring of IVP material, `Confessions' ultimately lacks content. Useful for industry newcomers or startups as background material.