One of our @masschallenge mentors (an attorney) recommended this to me when I asked him what I could read to really understand how VC funding works.
We’re just about ready to start approaching possible investors for our first round of funding and I did find it pretty helpful. Essentially the book walks through all of the clauses that you might expect to see in a founding and explains them in non-lawyer speak. I would definitely recommend it for anyone just diving into fundraising, like me, with the one caveat that it’s definitely more geared towards traditional equity rounds. There is a chapter on convertible notes but only 2 paragraphs on SAFEs. If you want to learn more about SAFEs, @ycombinator is the best resource that I have found on that.
