Posted by Erica Duignan Minnihan on Aug 22, 2016 4:30:00 PM
When it comes to early stage investing, there is so much to learn and an ever-evolving landscape. And there are some great books out there that can help you establish a solid knowledge base in this asset class.For those of you who prefer to listen on-the-go than read, there are plenty of audiobooks that can help you get a head start on what you need to know as you build your venture portfolio. Below is a list of the top 5 audiobooks we recommend to boost your learning curve on startup investing. Let me know what you think.
Every moment in business happens only once.
Innovation is what drives a successful startup business. In Zero to One, Peter Thiel, cofounder of PayPal and Palantir and an investor in hundreds of startups, including Facebook and SpaceX, believes successful people find value in unexpected places. They do this by thinking about some simple business principles instead of formulas. As a venture investor, you can come across hundreds, if not thousands of opportunities. Learn from Peter Thiel on how to identify which companies have the greatest potential for success.
It’s important for an investor to look at a company from the eyes of the founder. 90% of startups fail, but a lot of what causes startups to fail can be avoided. The Lean Startup guides founders on how to build a company under conditions of extreme uncertainty. For an investor, understanding these principles can help identify red flags before you make an investment.
In The Hard Thing About Hard Things, Ben Horowitz, cofounder and general partner of the very successful VC firm, Andreessen Horowitz, shares insights he’s gained developing, managing, selling, buying, investing in, and supervising a variety of technology companies. He even includes his love for the rap game by connecting his business lessons to lyrics from his favorite songs. Fun and informative.
Understanding deal terms may not be the sexiest part of making a startup investment, but it’s definitely a crucial component of a successful strategy. Venture Deals outlines the nuts and bolts of a VC term sheet, how to negotiate a fair deal, and the various surprises you can typically expect and try to avoid during the investment process.
Y Combinator is well known for selecting an elite group of young entrepreneurs from around the world to turn their raw ideas into viable businesses in just three months. They boast successes like Dropbox (YC 2007) and Airbnb (YC 2009). The Launch Pad provides insight on how a startup is built from concept to profitability and can provide insight on what to consider when selecting and investing in high-growth startups.
And if these 5 audible books don't quite quench your thirst, 1000 Angels also offers introductory and advanced courses on startup investing. Increase your knowledge base around startup investing and start investing with confidence. Check out 1000 Angels Masterclasses.