I think this book is not only enjoyable, yet educational additionally. Read this for a snapshot of venture capital history and understanding the thinking that goes behind investments. Register a Free 1 month Trial Account. Randall Stross, author of acclaimed books on Microsoft and Steve Jobs, blends a business historian's perspective with a journalist's flair for suspenseful storytelling to look at wealth creation up close. He lives in Menlo Park, California, and can be reached via his website, www. The venture guys made decisions that appeared to have oracular power.
Anyone who had followed the rise of Netscape, Amazon, and Yahoo — all were venture-backed — had already figured out that the venture guys were seated at the center of the New Economy. One in twelve American adults surveyed in the spring of 1999 said that they were at that moment trying to found a new business, and some unknowable multiple of that number surely daydreamed of such. An interesting look at Edison. By the approach of the year 2000, the venture guys comprised the symbolically preeminent profession that served to define the zeitgeist in the nineties in the same way that investment bankers had in the eighties, investigative journalists had in the seventies, and hippies — as the antiprofession — had in the sixties. Eboys The First Inside Account Of Venture Capitalists At Work can be very useful guide, and eboys the first inside account of venture capitalists at work play an important role in your products. Stross teaches business history at San Jose State University and is a contributing editor at U. Interesting and sometimes even hilarious to observe the venture scene of the late 1990s now, more than 15 years later.
Probably a little dense for anyone who doesn't already have an interest in the topic. Little more than three months later, the stock had gained more than 1,300 percent. For them, it was the best place in the cosmos to get the first peek at the future. For two years, Stross gained unprecedented access to the venture capitalists at Benchmark, an upstart firm founded by thirtysomething renegades whose average height happens to be 6´5´´. Yeah, the Business and Investing book you're looking for is posted here. This book was written at a certain age and time. The world of venture capital is pretty opaque to me.
The work itself did not have any neat demarcations of beginning, middle, and end. Randall Stross, author of acclaimed books on Microsoft and Steve Jobs, blends a business historian's perspective with a journalist's flair for suspenseful storytelling to look at wealth creation up close. Greetings there, thanks for checking out here and also welcome to book website. But, reading the book 10 years later, there's a lot of bubble-era absurdity too: the parade of vague ideas and barely-formed companies drawing bidding wars and hundred million dollar valuations is pretty unintentionally humorous in hindsight. Interesting to look up what happened to most of the investee companies mentioned. The first inside account of life within a Silicon Valley venture capital firm, eBoys is the fascinating true story of the six tall men who backed eBay, Webvan, and other billion-dollar start-ups that are transforming the Internet and setting a new pace for the economy.
Some examples illustrated here as successes do fail later. I really like to read this book Business and Investing. The stories and mini-case studies of individual investments are quite insightful - there are a lot of pages devoted to Ebay's development and other less successful investments e. It was a good introduction to the world of venture capital, and the valley during the first internet boom. The book could have salvaged with some inspired writing, but the author's style is relatively dry and tedious. Excellent testimonies have been given for the eBoys: The First Inside Account of Venture Capitalists at Work book. I learned a great deal about Edison that I did not know, assuming the writer was truthful that is.
The problem is that once you have gotten your nifty new product, the eboys the first inside account of venture capitalists at work gets a brief glance, maybe a once over, but it often tends to get discarded or lost with the original packaging. Some interesting facts about Edision's later life. When eBay, a small Internet auction company based in San Jose, California, sought venture capital, it had to pass an informal test administered by the venture guys before they would consider making an investment: Was there a reasonably good likelihood that the investors could make ten times their money within three years? The six tall men who started Benchmark, Silicon Valley's most exciting venture capital firm, put themselves at the cutting edge of the new economy by backing billion dollar start-ups like eBay and Webvan. The book didn't reach great heights of eloquence, but the content is interesting. Yet venture capitalists, who were concentrated in Silicon Valley, were entrusted with ever increasing amounts of capital by institutions, such as university endowments and charitable foundations, to invest in newly formed companies.
. And all of these entrepreneurs and would-be entrepreneurs and institutional investors and individual investors — the entire money culture — trained their attention on the venture capitalists, who were the gatekeepers to the world of high-tech start-ups, the place where new firms grew the fastest and investors reaped the greatest returns. His extensive voice-over work includes more than 5,000 narrations for commercial ventures. He was a fly on the wall as fortunes were made in an instant, snap decisions got locked in, and new ventures took off--and sometimes crashed. The venture capital firm that in the end backed eBay was Benchmark Capital, itself a start-up, then only two years old. Shows him, warts and all.
Business-school graduates headed to Silicon Valley in numbers never seen before, spurning six-figure salaries with management consulting firms to seek their fortunes with venture-backed start-ups. The risks were enormous--but the rewards have proven to be staggering. He has narrated more than 125 fiction and nonfiction audiobooks and was a four-time finalist for the Audie Award, both as a sole narrator in 2007 and 2008 and as part of a multicast reading in 2001 and 2012. If you like , please share this page in your social media sites. Stross was present as the Benchmark boys debated which businesses to support, and by recounting their conversations in testosterone-rich detail, he offers readers the most precise and enlightening account of the ways in which venture capitalists think, evaluate prospects, and wield influence. Randall Stross provided a unique view about the early days of Benchmark Capital with lively portraits of its partners and their most famous investment ventures such as eBay and Webvan.
There was risk that the best that could ever be said about it would be that it was a good little business, with the emphasis on little. The calendars of the partners, revolving as they did around looking at new business plans, meeting new entrepreneurs, considering new deals, gave a feeling of perennially beginning afresh. It was a form of investing that brought higher risk than investing in shares of publicly traded companies found in the stock market, but it offered the prospect of higher returns, too. Endowment-fund managers who had not previously developed connections to the top venture capital firms pounded their fists on closed doors, begging for entry, but even with recent increases in size, the funds were already oversubscribed. Stross also gained access to a number of the Benchmark-backed start-ups, including a small, privately held San Jose company called eBay. Stross also gained access to a number of the Benchmark-backed start-ups, including a small, privately held San Jose company called eBay. After register, you could access the whole variety of books unlimited.
Copyright The views expressed above represent those of the author and do not necessarily represent the views of the editors and publishers of Capitalism Magazine. Immediate download free eBoys: The First Inside Account of Venture Capitalists at Work book by clicking the link above. There are countless books on Business and Investing book and also in the various other categories. Stross takes readers behind the scenes and inside the heads of the gutsy entrepreneurs who are financing the hottest businesses on the Web. This book is really useful as well as absolutely add to our information after reading it.