PRAISE FOR THE BUSINESS OF VENTURE CAPITAL "In the First Edition of this book, Mahendra covered Arboretum's Fund I journey. A decade later, we are now on Arboretum Fund V. The Business of Venture Capital continues to inspire, inform, and shape the journey of future fund managers." --Jan Garfinkle, Founder and Managing Partner, Arboretum Ventures; Board Chair, National Venture Capital Association (2019-2020) "Mahendra has written the book I needed when I first entered the venture business. Rather than blindly stumbling my way to understanding the basics, I would have saved so much time. This book is like getting a five-year head start for anyone who wants to get up to speed about how it really works." --Mike Maples, Jr., Founding Partner, Floodgate "A solid foundation of investment frameworks and mental models for any venture investor, a useful guide in our rapidly changing world.

" --Beezer Clarkson, Managing Director, Sapphire Partners "An essential guide for any investor--one of the few books that weaves real-life case studies with leading academic research." --T.K. Kurien, Managing Partner and Chief Investment Officer, Premji Invest "A definitive guide to a nuanced, complex business which has no formulas-- The Business of Venture Capital peels back the curtains to reveal an insider's look into the high-stakes world of high-tech VC." --Peter Hebert, Co-founder and Managing Partner, Lux Capital, a VC firm with $2.4 billion under management "A decade later, the Third Edition of this book continues to build upon the VC industry, its best practices, worst biases, swift changes, and all the excitement that goes with it." --Brad Feld, Co-founder, Foundry Group and Techstars; Co-author, Venture Deals "T.S.

Eliot suggested that exploration would lead us back to where we started, allowing us to know the place for the first time. Mahendra's book was like that for me, shedding fresh light on areas I'd explored during two decades in VC while also expertly illuminating emerging trends." --Chris "SuperLP" Duovos, Founder and Managing Director, Ahoy Capital "Another masterpiece digging into the art of venture funds, portfolio construction, and deal mechanics! Loved it and a must-read." --Harry Stebbings, Founder, Stride.VC and The Twenty Minute VC Podcast.