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The Way of the VC: Having Top Venture Capitalists on Your Board

ISBN: 978-0-470-82499-3
288 pages
February 2010
The Way of the VC: Having Top Venture Capitalists on Your Board (0470824999) cover image

Description

Venture Capital funds are the fastest growing sector of the financial industry, and possibly the least understood. In this book, the author provides a primer on what some of the world's best venture capitalists have in common. How do the world's top venture capitalists consistently obtain supernormal returns? How do they add value to entrepreneurs they have backed? Why is a top venture capitalist like a skilled chef?
  • How did Lip Bu Tan, when he was Chairman of Walden, manage to invest in Creative Technology, despite the CEO's aversion for VCs?
  • How did Nam Ho, Founder and Managing Partner of Altos Venture, turn an introduction by a Stanford Business School professor into a venture capital firm managing a quarter billion dollars of capital?
  • How does Bing Gordon, Partner at Kleiner Perkins Caufield & Byers and author of the business plan that resulted in KPCB's investment in Electronic Arts, time exits properly?
  • Why did Soo Boon Koh, Managing Director of IGlobe Ventures, back a GPS company which was filing for Chapter 11, in the post 9-11 market?

The Way of the VC: Having Top Venture Capitalists on Your Board is essential reading for venture capital practitioners, including partners, principals, analysts, consultants and limited partners--both institutional and private. It is also useful to students of finance who want a better understanding of what goes on in the venture capital world.  

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Table of Contents

Acknowledgments.

Foreword.

Introduction.

Chapter 1 The Call to Adventure.

Chapter 2 Finding the Right Partner at the Right Time: Focus on the Forest, Not the Trees.

Chapter 3 Transitions in Partnership: A Bridge Over Troubled Waters.

Chapter 4 Growing Together.

Chapter 5 Smart Money: The Top VC on Your Board.

Chapter 6 If You Need to Woo a Turkey Buzzard.

Chapter 7 The Partnership Becomes Wildly Successful.

Chapter 8 Conclusion.

Appendix.

Index.

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Author Information

Yinglan Tan was the first director of 3i Venturelab China, a joint-venture between private equity firm 3i (LSE:III) and INSEAD, one of the world's leading business schools. He has also served on the boards of growth ventures in Asia and a U.S. private-equity fund of funds. Yinglan teaches modules on Entrepreneurial Finance and Entrepreneurial Management at Singapore Management University. Educated at Harvard, Stanford and Carnegie Mellon, Yinglan now works with the Singapore Government to enhance the venture capital and entrepreneurship landscape in Singapore.

Yinglan can be contacted at yinglantan@stanfordalumni.org.
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Audio/Video

http://www.youtube.com/watch?v=WibRyoOZOYA

Reviews

The Way of the VC is the best book I have read on venture capital with thoughtful advice for the entrepreneur. Yinglan captures the wisdom of the ages, with the vision of an oracle he captures how a venture capitalist thinks, and how the best ones act.
--Timothy C. Draper, Founder & Managing Director, Draper Fisher Jurvetson

With the emergence of venture capital investment as a professional practice, understanding the way in which this industry works is critically important for practitioners and would-be practitioners, whether they are (or aspire to be) working for entrepreneurial ventures, venture firms, or large institutional capital pools. I applaud Yinglan Tan, who has distilled many interesting "war stories" and experiences of venture capitalists into a useful and effective framework in The Way of the VC.
--Professor Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School

Yinglan gives valuable accounts coupled with insightful observations about the past, present and future of an industry that is still in its infancy--but growing up fast. The book will also help entrepreneurs who need venture capital financing by showing them how VCs add value to their companies. This book belongs in the library of anyone who has ever taken a serious interest in venture capital.
--Neil Shen, Founding and Managing Partner, Sequoia Capital China

Venture capitalists rely heavily on personal judgment and experience. This extensive collection of shared wisdom and viewpoints is therefore a valuable addition to the growing number of VC textbooks and war stories. Yinglan has skillfully captured the Tao of VC practitioners and entrepreneurs in a lively and enlightening book.
--Lin Hong Wong, Author of Venture Capital Fund Management

Top-flight entrepreneurs are blessed with terrific ideas and boundless energy. But lacking capital, they must join together with VCs. The prescription is easy, the implementation tough. Entrepreneurs and VCs differ in orientation, background and interests. In this lively and insightful volume, Yinglan Tan tells how entrepreneurs can handle the relationship effectively, from early-stage conception through to a thriving company.
--Richard Zeckhauser, Frank P. Ramsey Professor of Political Economy, Harvard University

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Press Release

January 26, 2010
Venture Capital Financing – Wisdom from the Gurus

There are 10,000 venture capitalists and only top 1% are any good. Be smart about smart money and learn from the top 1%.  

 

The Way of the VC - Top Venture Capitalists on Your Board (ISBN: 978-0-470-82499-3; John Wiley & Sons) is essential reading for venture capital practitioners, including partners, principals, analysts, consultants and limited partners – both institutional and private. It could also prove useful to students of finance who want a better understanding of what goes on in the venture capital world.

 

Venture Capital funds are the fastest growing sector of the financial industry, and possibly the least understood. In this book, author Tan Yinglan provides a primer on what some of the world’s best venture capitalists have in common. How do the world’s top venture capitalists consistently obtain supernormal returns? How do they add value to entrepreneurs they have backed? Why is a top venture capitalist like a skilled chef?

 

The Way of the VC shows you what premier VC firms such as Kleiner Perkins, Draper Fisher Jurvertson, and Flagship Ventures look for in winning ventures and how they offer venture assistance, and how every entrepreneur can benefit from learning leading-edge techniques.

 

The Way of the VC offers you:

 

•   The enabler of entrepreneurial initiatives to improve performance, because A teams make initiatives successful and lesser teams don’t

•   A “silver bullet” technique in near-perfect communication with VCs

•   A guide to coaching start-ups effectively

•   The ultimate entrepreneurial development manual

•   Insight and advice acquired by interviewing dozens of top-tier venture capitalists

•   An easy read

 

Translating what really goes on in a venture capitalist’s mind into structured processes that readers can use to promote their own ideas, this book will be an illuminating read for venture capital practitioners, including partners, principals, analysts, consultants and limited partners – both institutional and private.

 

Visit the book’s website, www.wayofthevc.com, for more tools, tips and tricks.

 

Additional information on the book is available at http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470824662.html.

  

The Way of the VC: Having Top Venture Capitalists On Your Board

Published by John Wiley & Sons

Publication Date: December 16, 2009

US$34.95; Cloth; 288 pp.; ISBN: 978-0-470-82499-3

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