Venture capital

Focus on Cash Flow Until Aha

Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5


Aha is when you don’t have to promise potential. The world can see it. Till Aha, no one returns your calls. After Aha, VCs come knocking. Before Aha, your cost of money is very high and you could lose control. After Aha, you may write your own terms.

Part II: Financing Growth Without Losing Control

Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5


Part II of Dileep Rao’s book shifts from skills to money. Part I was about building the right mindset and capabilities. Now we get into how billion-dollar entrepreneurs actually funded their growth. And the opening stat hits hard: 99.98 percent of entrepreneurs will not get venture capital, or will fail with it.

Chapter 1: The Three Growth Tracks Billion-Dollar Entrepreneurs Use

Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5

Chapter 1 is where Rao gets specific about paths. Billion-dollar entrepreneurs link business and finance so they can reduce or postpone financial needs until money gets cheaper and does not come with control strings attached. Linking does not weaken the business. It makes the business stronger.

Introduction: The Myth That Every Startup Needs Venture Capital

Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5

Rao opens the introduction with a blunt fact: there is not enough venture capital in the world to fund every entrepreneurial dream. Even ventures that get VC fail more often than they succeed. But every entrepreneur can benefit from learning how to take off without VC first, then deciding whether to use it later.

Finance Secrets of Billion-Dollar Entrepreneurs: Why This Book Matters

Book: Finance Secrets of Billion-Dollar Entrepreneurs: Venture Finance without Venture Capital
Author: Dileep Rao
ISBN: 978-1-64250-199-5

If you have spent any time around startup culture, you have heard the same story over and over: write a pitch deck, raise angel money, chase venture capital, dilute your equity, and hope you end up as the next unicorn. Shark Tank makes it look normal. Silicon Valley makes it look mandatory.

Chapter 1: Christopher Columbus Was the First VC

If you think venture capital is a modern invention from Silicon Valley, think again. It’s actually hundreds of years old. In fact, Cyril Demaria argues that Christopher Columbus was one of the first great venture capitalists.

Chapter 2 Part 1: How the USA Built the Private Equity Machine

Chapter 2 of Demaria’s book opens with a fun question: is modern private equity a French invention? The word “entrepreneur” is French. The guy who basically created modern venture capital, Georges Doriot, was French. But he did it in America. At Harvard, not in Paris. That tells you something about where the conditions were right.