Naval Ravikant and Babak Nivi, two guys who had their share of getting royally screwed by venture capital companies, have started a blog called Venture Hacks, in which they help startups get the best deal out of VC funding.
The contents of the site will be divided into “series”, with the first one being Term Sheet Hacks, which describes how to get a great deal in a Series A investment.
Reading about all the ways VC firms can outsmart and outnegotiate you can be depressing, but it’s also useful if you’re an inexperienced programmer looking to raise some funding for his/her startup company.
Head on over to VentureBeat for some more backup on the two people behind this project.
Thanks for the link. I want to let you know that I haven’t been royally screwed by anybody though!
@Nivi: oh, sorry about that. The VentureBeat article made it look so. It sounds good, though (:.
As unlikely as it seems from the outset, I think traditional media companies (TMC) will ultimately rule the web 2.0/New Media space. TMCs will surely become the next VCs.