Mastering the VC game: A Venture Capitalist Insider Reveals How to Get from Startup to IPO on Your Terms by Jeffrey Bussgang is a great book for any first time entrepreneur who wants or is thinking of taking VC money.
Its so important for an entrepreneur to know the motivations/needs of a VC and his/her firm/fund to figure out if they are the right fit for the company or not. Most of the time the first time entrepreneur feels lucky just to get a term sheet that they miss the details that matter and eventually end up loosing a lot.
Great read. Easy read. Must read for first time entrepreneurs!