The venture capital game

Recently, I’ve been digging deep into the piles of accumulated cruft at the office.
It’s now five years since we started the company, and during that time we’ve been
through a lot of ups and downs. In particular, I found lots of documents relating
to the business side of running a software company. Reading through all different
VC presentations, legal documents and financial calculation, I got struck with a sort
of nostalgia-mixed-with-horror. Most of the time, it was not fun to be a venture capital
funded startup.

So today I read Tim Bray’s ”Bouncing
Termsheets
”, which, apart from being a refresher/primer on venture capital concepts,
also tells the very refreshing story of seasoned entrepreneurs standing up to the
VC’s unreasonable demands.