- Edition
- ISBN 9780753553978
Reviews
![Photo of Jb](https://assets.literal.club/user/avatar/clt8wjdpa006w0i2i3vi794xf.jpg?size=100)
Nothing "secret" here, all stuff you can find on the internet for free.
![Photo of linda](https://assets.literal.club/user/avatar/cl7pbpwdy00550i06c3fu6rv9.jpg?size=100)
I finally finished, but it probably took me four months lol. And overall, I think it is worth for the explanation of the term sheet alone (like what a lot of other reviews have said). It definitely reads more like “Basics of Sand Hill Road” rather than “Secrets of Sand Hill Road.” There were two details that I really loved: - Kupor defaults to the female pronoun (she/her) for all of his descriptions of venture capitalists and founders/CEOs. It was a small gesture, but I appreciated it so much. Grateful that he has three daughters and kept them in mind when he was writing this book. - Kupor’s legal background; I loved reading about things like entire fairness (evaluation of fair process and fair price) for board members under the Business Judgement Rule. I also loved reading about In Re Trados, Carsanaro v. Bloodhound Technologies, and Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc. I’ve also heard about mergers and acquisitions from afar, but Kupor brought them to life. I’m definitely still super confused career wise, but I think it might be pretty interesting to be a startup lawyer. I digress, but I feel that there is a lot of unnecessary antagonism toward the finance industry. Investment bankers play such a key role in underwriting IPOs. They work directly with institutional investors, create an orderly trading environment, and work post-IPO to help with M&A advice, follow up financings, debt issuances, and other capital markets issues. I felt the same way after reading Stephen Schwarzman’s autobiography. Leveraged buyouts can help revitalize companies, leading to increased efficiency for the company and returns for the investor. I know I’m being brainwashed, so I might as well as read Barbarians at the Gate to get rid of my rose-tinted glasses.
![Photo of Donald](https://assets.literal.club/user/avatar/cl02u581w00040htx0mjh3i03.jpeg?size=100)
What is venture capital? What's going on with finance in general? Finance: that mystery underlying and shaping so much of our world, opaque, endless, a swarm of incongruities. Enter Scott Kupor, managing partner at Andreessen Horowitz, the most prominent Silicon Valley VC fund. Ignore the click-bait title. This is not a book about secrets and tricks; it's a clear-headed account of venture capital from an insider, with a general overview of other financial asset classes (hedge funds, etc) thrown in for good measure. (Dante writes in De Monarchia of "veritates occultas et utiles;" this book offers only veritates utiles.) Kupor has a legal background, so he walks you through a term sheet section by section and talks through major cases concerning corporate governance. There's even a complete sample term sheet as an appendix. Before reading this book I knew next to nothing about any of this stuff; it turns out it's really interesting! I would like to read a book like this but about investment banking or hedge funds. If you know of such a book, please do recommend it to me.
![Photo of Pierre](https://assets.literal.club/user/fallback-avatars/avatar_13.jpg?size=100)
![Photo of Heiki Riesenkampf](https://assets.literal.club/user/fallback-avatars/avatar_16.jpg?size=100)
![Photo of Harsh Patel](https://assets.literal.club/user/fallback-avatars/avatar_11.jpg?size=100)
![Photo of Alexandra Vo](https://assets.literal.club/user/fallback-avatars/avatar_08.jpg?size=100)
![Photo of Drew Spartz](https://assets.literal.club/user/avatar/cldd91z6o03uv0i2y9i1t5v2z.jpg?size=100)
![Photo of Magnus Hambleton](https://assets.literal.club/user/fallback-avatars/avatar_16.jpg?size=100)
![Photo of Lin](https://assets.literal.club/user/avatar/cl6qgyo3e001e0ixhhsorh1vd.jpeg?size=100)
![Photo of Alexander Lobov](https://assets.literal.club/user/avatar/cl4ag413b000e0hvp2ud74emt.jpeg?size=100)
![Photo of Ryan Maher](https://assets.literal.club/user/avatar/cl41qnuif00180hxehtp94st4.jpeg?size=100)
![Photo of Cherie Yang](https://assets.literal.club/user/fallback-avatars/avatar_07.jpg?size=100)
![Photo of Nish Bhat](https://assets.literal.club/user/avatar/ckxqvkhg1000t0hwifqsn3nbh.jpeg?size=100)
![Photo of Adam French](https://assets.literal.club/user/fallback-avatars/avatar_03.jpg?size=100)
![Photo of Christian Beck](https://assets.literal.club/user/fallback-avatars/avatar_15.jpg?size=100)