In this episode, we’ll explore the world of venture capital and uncover how VCs really operate.

What you’ll learn in this episode of Venture Deals book summary:

• ​How VCs raise money from limited partners like pension funds, endowments, and wealthy individuals, and why they don’t invest their own money.

• ​The hierarchy inside a VC firm, from analysts, associates, and principals, to junior directors, partners, and managing directors (GPs), and what each role actually does.

• ​How entrepreneurs-in-residence fit into the VC ecosystem and why their work matters.

• ​Why understanding who actually has the authority to fund your startup can make or break a deal.

Whether you’re an aspiring founder, early-stage entrepreneur, or just curious about the inner workings of venture capital, this episode gives you a clear, practical look at the people, processes, and rules behind startup funding.