I was hesitant to buy Brad Feld’s new book on venture capital after being disappointed by “Do More Faster”. However, this book has proven to be very informative and valuable read. As an early employee in a venture funded startup, my motivation in reading this book was to get more familiar with terms and technical details of a funding round.

Venture deals, as the name suggests, is all about raising venture capital, and explains a term sheet in great detail, and provide guidance on which terms to focus on. It reads like a school textbook from time to time.

William Draper is a prominent American venture capitalist, and his book “The Startup Game” is partly an autobiography, partly a book on venture capital and entrepreneurship.

He starts the book with an overview of how venture capital works: “The limited partners put in the money, the general partners do the work”. He briefly talks about angels, private equity firms and venture debt.

The next section is for budding entrepreneurs. It includes traits of successful entrepreneurs according to Draper: brains and education, energy and passion,  expertise, vision, integrity, humor

Movies have an important place in my life. Since I’m not a man of words, I collect movie quotes instead. Note that some of these quotes are meaningful only if you have watched the movie.

Fight Club
Losing all hope was freedom.

The things you own end up owning you. “It’s only after you’ve lost everything,” Tyler says, “that you’re free to do anything.”

We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. You’re not your job. You’re not how much money you have in the bank. You’re not the car you drive. You’re not the contents of your wallet. You’re not your fucking khakis. You’re the all-singing, all-dancing crap of the world. I say never be complete. I say stop being perfect Self improvement is masturbation.

Derek Sivers is one of my favorite bloggers. Not only did he read a lot of books, but took time to take notes and share them on his site. It’s an inspiring act.

I asked him how he found time to do all that, and he said “I make time for things I like”. Fair enough!

When Derek announced that he wrote a book, I didn’t hesitate to order it right away. It’s a short book(let) consisting of 75 pages. He writes about his experience with starting and running his company CDBaby, and shares his view on life and what he learned along the way.

Eric Raymond starts with the history and culture of hackerdom. He says hackers build things. He reflects upon his development of fetchmail and observations on open-source development of Linux community. It’s composed of five essays overall, with the essay “The Cathedral and The Bazaar” being the highlight of the book. It contains great advice for software engineers. Here are some gems from the book:

  • Given enough eyeballs, all bugs are shallow.
  • You often don’t really understand the problem until after the first time you implement a solution. So if you want to get it right, be ready to start over at least once.
  • Adding more programmers to a late project makes it later.
  • Perfection is achieved not when there is nothing more to add, but rather when there is nothing more to take away.
  • An important trait of the great ones is laziness. They know that you get an A not for effort but for results, and that it’s almost always easier to start from a good partial solution than from nothing at all.
  • Smart data structures and dumb code works a lot better than the other way around.
  • You have to listen to your customers.
  • The best hacks start out as personal solutions to the author’s everyday problems.
  • In gift cultures, social status is determined not by what you control but by what you give away.

He concludes by saying “You can learn language features from books, but the mind-set that makes that knowledge into a living skill be learned only by practice and apprenticeship. What will do it is (a) reading code and (b) writing code.”

I attended the inaugural Silicon Milkroundabout event along with hundreds of developers to get to know some of the startups in London’s technology scene.

This event reminded me of career fairs at Georgia Tech, with hundreds of companies seeking to recruit the brightest students. Career fairs were very brutal in the US, students would wear suits, engineers from companies would ask technical questions right on the spot, even make you write code on a piece of paper while standing up in line.

The original title of this book was “Ahead of the Curve”, now it’s titled “What They Teach You at Harvard Business School”. It describes the author’s love-hate relationship of going through HBS. I found the book to be thrilling because it makes you feel like you’re a student at HBS. It also reminded me of my graduate school days at Georgia Tech.

I picked up this book to get a feeling of what an MBA education at a top school is like. It’s very detailed, both touching on the subjects being taught, as well as his personal relationships with other people in HBS. I learned a lot of interesting facts about HBS such as:

The original title of this book is “Once You’re Lucky, Twice You’re Good”. It’s supposed to be about Web 2.0 era companies such as Facebook, MySpace, YouTube and Digg. After the movie Social Network, the shady UK publisher wanted to ride the hype that was created by the movie. If you’re looking for Facebook’s story, I recommend reading The Facebook Effect instead.

This book is centered around Max Levchin (PayPal, Slide) and Marc Andreessen (Netscape, Opsware) and PayPal mafia. Stories related to Kevin Rose and Jay Adelson from Digg and Sean Parker, Mark Zuckerberg from Facebook constitute a big part as well. The most interesting fact I learned from this book was that one of the first P2P networks KaZaa later resulted in the birth of Skype. Janus, one of Skype’s cofounders, dropped out of high school and was hired by the other cofounder for the help desk of KaZaa.

Business Model Generation is a book about business model innovation. What makes this book unique is that it’s beautifully designed, illustrated and enriched with pictures. The author wanted to stand out in the strategy and management books market, and the beautiful design of this book is its unique selling point.

The book is organized into canvas, patterns, design, strategy and process sections. It starts by describing building blocks of a business model such as value proposition, customer segments, distribution channels etc. Next, it describes patterns in business models such as the long tail, free as a business model, multi-sided platforms and analyzes these patterns in terms of the building blocks with examples from real world companies. Design section talks about techniques that help you design better business models, such as customer insights, prototyping and storytelling. Strategy section is about evaluating business models, with examples from Amazon, Nintendo Wii and Nestle.

do more faster book

Do More Faster is a book for startup founders written by Techstars community, a mentorship-driven startup accelerator. The book is organized into seven themes, which correspond to important aspects of a startup: Idea, People, Execution, Product, Fundraising, Legal and Work-Life Balance. Each theme consists of 15 short essay written by different authors, each 3-4 pages long. My expectations were very high for this book, because (i) startups are one of the most interesting subjects for me right now (ii) Techstars run a mentorship organization which means they have tons of experience to share.