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Title: High Tech Start Up: The Complete Handbook for Creating Successful New High Tech Companies by John L. Nesheim ISBN: 068487170X Publisher: Simon & Schuster Pub. Date: April, 2000 Format: Hardcover Volumes: 1 List Price(USD): $50.00 |
Average Customer Rating: 4.38
Rating: 3
Summary: A Solid Effort!
Comment: Using enormous detail and plenty of case studies, John L. Nesheim presents a step-by-step plan for starting a new high tech company. Given the abundance of insider insights, his guidebook could be a critical part of your training if you are contemplating such a venture. (Although in light of the current atmosphere for new tech ventures, you might want to reconsider altogether.) But after reading this book, you'll at least know what you're getting yourself into before you make that first call to your newly acquired corporate attorney. Nesheim designed his book, also, to be informative for venture capitalists and corporate development managers who work with new ventures. Nesheim backs up his authoritative tone with plenty of facts and figures (updated in this year 2000 second edition) So, if that pregnant gleam in your eye relates to a bouncing, baby tech firm, we at getAbstract.com recommend this book as an essential part of your planning process, with the caveat that times have changed for start ups since this book went to press.
Rating: 5
Summary: Still dated, but still excellent
Comment: Here's the bottom line. If you are thinking of starting your own company, you'd be crazy not to buy this book. Consider it your first expense.
Even with a "revised and updated" version, most of the data used is at least 5 years old, but that doesn't make the book any less useful. Entrepreneurs should not use book as a guide when setting valuations, but as you sit at your kitchen table and ponder whether to take the plunge, READ THIS BOOK!
Chapters 3 (The Process of Forming the Company), 5 (Preparing the Business Plan), 6 (The Team), and 8 (Personal Rewards and Costs) are must reads.
The book will force you to think through your assumptions, your business plan, your revenue model, your motivations, and just about everything else you might not have considered while mentally spending your IPO riches.
If you are not planning on starting your own company, don't spend the money. It won't give you any new insight into the startup world, unless you are trying to understand your founder CEO a little better.
Rating: 4
Summary: A must-read, and not only for high-tech start-ups
Comment: Having worked with dozens of entrepreneurs, I know that most of them ask the same questions during the very early stages; this book answers most of them.
"High Tech Start Up" provides a practical, real-world view at the complex process of forming the company (beyond just the simple incorporation process), preparing yourself legally, developing the business plan, assembling a team, and then raising the capital. This book is truly an "A-to-Z" reference guide that belongs on every entrepreneur's bookshelf.
Author Nesheim's only shortcoming with this work is that little time was dedicated to the very important process of answering key questions about any start-up: What problem do you solve? For whom? Will they pay to have it solved for them? How can you leverage that ability into a long-term business? And so forth...
My suggestion is that the true first-time, early-stage entrepreneur read "Entrepreneur America" before reading anything else. This book provides a "bigger picture" overview and causes the reader to critically assess the business model. Once all of the "assignments" from "Entrepreneur America" are complete, the reader can then move on to "High Tech Start Up" for a more detailed look at the business and capital formation processes.
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