From the course: Brad Feld on Raising Capital

Next steps

- In this course, we've given you a taste of what it's like to deal with venture capitalists, and how to raise money in a venture capital deal. However, it's just really the beginning. There's a lot of resources in the world that'll help you fill this out in a significant way. One of the sources is a book that my partner Jason Mendelson and I wrote at Foundry Group called Venture Deals, which is now coming out in its fourth edition. Getting a good venture lawyer is incredibly helpful, and most venture lawyers will actually do work at the very early stages for your company for little to no charge. Another is to find entrepreneurs who have successfully raised venture that are part of your network, and get them involved in your process early. Spend time with them and really understand what's going on. 15 years ago, if you went on the web and you looked for term sheets and venture capital deals, you might get a little something, but it wasn't really very much. Today, doing a search on term sheets, VC fundraising, turns up tons and tons of information, including lots of stories from entrepreneurs who have had success and failure, lots of examples of things like pitch decks, plenty of discussion of terms. So the resources today are kind of endless in terms of educating yourself on this. There's nothing better, in a lot of ways, than being prepared and having a prepared mind around it. So use this as a starting point to go a lot deeper on the things that we talked about today.

Contents