[acidity]

Slightly off-topic but is there any book or resource that a software engineer like me can read to understand the basics of how VC operate, what each round of funding mean, what one needs to know when one approaches a VC, difference between VC/LP?

[sydneyliu]

Venture Deals by Brad Feld is great for how to fundraise and he does go over most of the basics and how things work.

Mark Suster, from Upfront Ventures, has a really great list of blog articles you can read about raising VC: http://www.bothsidesofthetable.com/pitching-a-vc/

This should give you a general idea of how VC's operate: http://founderequity.com/the-new-reality-of-venture-capital/

[kapilkale]

Usually recommended:

http://www.amazon.com/Venture-Deals-Smarter-Lawyer-Capitalis...