Venture Hacks is a new site launched by two entrepreneurs to help founders of start-ups navigate the hairy world of venture capital.
It aims to provide tips, such as how to negotiate a good deal when raising money, or how to organize a board so you don’t get axed by your investors down the road.
Behind the site are two guys who should know. One is Naval Ravikant, who now runs Vast.com, but who has had a fair share of VC run-ins. He filed a suit against Epinions, for example, when he felt VCs cheated him and other employees when Epinions merged with Dealtime. He took on big venture firms Benchmark and August — see here and here (includes copy of suit) — and won a settlement.
The other is Nivi, the long-haired drum-player who has worked at Bessemer Venture Partners, then at music browser Songbird, and most recently as Entrepreneur in Residence at Atlas Venture. Nivi can also recount some good VC tales.