This book is a must-read for those who have an idea that they would like to develop into a business, but who have no idea where to start. Steve Harmon writes with the same passion he says entrepreneurs must show when they seek funding from venture capital firms. Harmon senses when his information might be overwhelming and regularly offers encouraging words to budding entrepreneurs. He has enlisted the support of several high-profile individuals who have "breakout IPO" experience. Throughout the book, readers share snippets of Q & A conversations with industry leaders such as Jerry Yang of Yahoo! and Marc Andreessen, the co-founder of Netscape. One chapter features interviews with venture capitalists from the largest firms. If your idea serves a big market, and could grab a large market share, then getAbstract recommends this book to you, particularly if you are a beginner at seeking funding. It introduces you to the world of venture capitalism and helps you understand what the key players in the VC game are seeking.
In this summary, you will learn
- Why venture capitalists look for companies that are versatile and flexible;
- Why making money – nothing more, nothing less – is the venture capitalist’s prime objective; and
- What alternative uses of funding you can explore.
About the Author
Steve Harmon contributes content to a number of finance Web sites including Yahoo! Finance, Upside.com, and Silicon Investor (techstocks.com). He was named one of the "Best of Wall Street" by CBS.MarketWatch.com.