I was chatting with a couple of friends yesterday and the subject of term sheets came up. I mentioned that I thought Brad Feld had done a fantastic job of explaining terms sheets and other VC arcana on his blog. Brad is one of my favorite investors of all time. Not only was he a vibrant member of my Mainspring strategic advisory board, he lead the investment in Throughline, sat on its Board of Directors, and despite the fact I managed to lose 100% of his investment, all the did was thank me for knowing “when to fold ’em” and there were never any recriminations, finger pointing or any sort of blame. We remain on good terms to this day.
So my friends reminded me that Brad had gone from being one of the best bloggers out there to writing books and he’s written a real classic
when it comes to the all important issue of understanding that investment deals represent a lot money than money, Ts and Cs (terms and conditions) can trump all, pardon the phrase.
Brad has an entire Amazon page devoted to his books! I have to admit to not having read them all – yet – but I’d recommend them anyway, just from knowing Brad, knowing his writing, and knowing his genuine nature of wanting to give back and educate entrepreneurs.
Mentorphile 