To help those legalese challenged, we took the 10 most common terms found in a typical Venture Capital (VC) term sheet and tried to explain them very simply.  Many of these terms can take on many different meanings, though, so we tried to use the most typical definitions.

Wouldn’t it be nice to know the question that you’re going to be asked on your interview, test, or even by your girlfriend? Well I cant help you there, but here is a list of different categories and questions that you should be able to answer when asking for money.

Many students, friends, and others ask me how to land a job at a Venture Capital firm.  Sometimes I think it was sheer luck and the opportunity that was provided while at Northeastern University; but here are a few methods that can get you into the VC firm that you want.

 Frank Levinson, a successful Entrepreneur, investor, and teacher has highlighted the top 10 must have for a start-up in a talk at MIT. The following list is from a recorded video session.

Number 10: Comfortable/Cheap Furniture: 

Spend everything you have on great people and great product. It does not matter how you look, but what and how you do it. 

As a young entrepreneur, it’s not easy to understand how venture capital really works. There are tons of horror stories that spread through the community like urban legends and phrases like “Term sheets” and “Down Rounds” can sound foreign.  Amidst all of these questions is an aura of uncertainty about how the whole system really works. Fortunately, there’s Jeff Bussgang’s book, Mastering the VC Game to help. 

This book should be a must read for any young entrepreneur who thinks they may ever want funding. It’s that good. Here’s a few reasons I love the book: