Feld and Mendelson compile blog posts with new material to create a guide for entrepreneurs seeking Vventure capital financing. The book includes analysis of the Term Sheet, details the differnt stages of the fundraising process, explores the venture capital ecosystem and gives tactics for negotiations.
My favorite entrepreneurs to fund are those that have had at least one success and one failure. While it is a cliche, failure teaches the big lessons. Most importantly, entrepreneurs that have some failure under their belt have humility and perspective that I think is deeply useful in the creation of the company.