High Tech Start Up, Revised and Updated: The Complete Handbook For Creating Successful New High Tech Companies
March 23, 2010 by VC-List.com
Product Description
The phenomenal success of the initial public offerings (IPOs) of many new internet companies obscures the fact that fewer than six out of 1 million business plans submitted to venture capital firms will ever reach the IPO stage. Many fail, according to start-up expert John Nesheim, because the entrepreneurs did not have access to the invaluable lessons that come from studying the real-world venture experiences of successful companies. Now they do.
This revised and updated edition of Nesheim’s underground Silicon Valley bestseller incorporates twenty-three case studies of successful start-ups, including tables of wealth showing how much money founders and investors realized from each venture. Acclaimed by entrepreneurs the world over, this practical handbook is filled with hard-to-find information and guidance covering every key phase of a start-up, from idea to IPO: how to create a winning business plan, how to value the firm, how venture capitalists work, how they make their money, where to find alternative sources of funding, how to select a good lawyer, and how to protect intellectual property. Nesheim aims to improve the odds of success for first-time high-tech entrepreneurs, and offers an insider’s perspective from firsthand experience on one of the toughest challenges they face — convincing venture capitalists or investment banks to provide financing.
This complete, classic reference tool is essential reading for first-time high-tech entrepreneurs, and entrepreneurs already involved in a start-up who want to increase their chances of success to rise to the top.Amazon.com Review
You’ve got a hot idea for a new dot-com, and you’re itching to join the folks who regularly show up on CNBC and at the Lexus dealerships in Silicon Valley. But you also know your odds of big-time success are about as long as Bill Gates’s position in MSFT. What do you do? John Nesheim, an adjunct professor at Cornell’s Johnson Graduate School of Management, who has personally structured over $300 million in new-venture deals, lays out the step-by-step skinny in High Tech Startup. Incorporating some two dozen case studies spanning the technology spectrum, he presents info specific to this industry that will help you get from concept to IPO. It begins with a 14-phase schedule itemizing time requirements, necessary assistance, typical participants, major costs, main risks, and desired results for each step. It then details all the critical stages (i.e., forming the company, preparing the business plan, assembling the team, dealing with venture capitalists and other funding sources). Nesheim focuses on practical strategies that should certainly improve your chances, but don’t start prepping for that on-air interview with Mark Haines just yet: Only six out of 1 million high-tech ideas, he notes, ever become successful companies that go public. –Howard Rothman
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Being one of the largest Chinese professional organizations in the Silicon Valley, SCEA has many of its members starting new hi-tech businesses. SCEA highly recommends this book to all it members and everyone. This book covers all phases of a hi-tech startup. Following the advices from the book, you have a much better chance to get funding and be very successful!
Rating: 5 / 5
I see the book as a very specialized tool-book in hi-tech start-up — detailing what to do (if one wants to make a hi-tech start-up), how to do, when, expected period, who to contact with, and many details.
Whether the book is “the best” or “useful” depends on what your profession is. To a hi-tech entrepreneur, it may be one of the “must read”s. To a venture analyst like myself, I see it as useful, yet I found it quite boring to read, sometimes with excessive details (eg, list the sequence of contacts when one gets a hi-tech idea and wants to share it before starting a company: sharing with best friends first, then family, then friends,…..). It was written in a plain textbook-like style.
One of my nephews, who is a programmer, found it irrelavant and was not interested in it.
Rating: 3 / 5
Good advice as you prepare to deal with investment bankers. Practical questions and checklists to minimize your disadvantage as an amateur dealing with professionals.
Rating: 4 / 5
Good premier to understand the process of getting funding for your start-up and how VC works. Seems like the best start-up is how to make money out of spending other peoples money. Of course, also creating great company, products and services along the way. Recommended for those who wants are itching to start a high-tech business.
Rating: 4 / 5
I’ve read a lot of books on the subject of venture capital and startups, and I’ve got to tell ya: this one is really the Cream of the Crop for within it’s subject matter space.
It has helped me tremendously, and I keep it handy as a reference. It definitely helped me grow as a Founder/CEO!
Rating: 5 / 5