Members-only forum — Email to join

Best business/legal books for first-time founders?

Started by ReaderFounder · Oct 28, 2024 · 14 replies
For informational purposes only. Not legal advice.
RF
ReaderFounder OP

Looking for book recommendations. Not the typical "hustle porn" startup books but actual useful stuff about business law, contracts, incorporation, etc. What actually helped you?

BK
BookwormK

"Venture Deals" by Brad Feld - basically required reading if you ever plan to raise money. Explains term sheets, SAFEs, convertibles in plain english

LB
LegalBookshelf

"The Entrepreneur's Guide to Business Law" by Bagley & Dauchy. It's dry but comprehensive. Covers incorporation, IP, employment, securities law. Basically a survey course in a book.

PS
PracticalSteve

not a book but Stripe Atlas's guides are genuinely excellent and free. their incorporation guide is better than any book I've read on the topic

CT
ContractTanya

"Getting to Yes" - not specifically legal but understanding negotiation makes every contract discussion easier. Changed how I approach vendor agreements.

MR
MoneyReads

"Profit First" by Mike Michalowicz. Not legal but will save you from the #1 way startups die: running out of money because you don't understand your own finances

RF
ReaderFounder OP

Great list! Any recs specifically on intellectual property for software?

LB
LegalBookshelf

"Patent It Yourself" by Nolo is decent if you want to understand patents. For software specifically, most of what you need to know fits in a blog post tbh - copyright is automatic, trade secrets need NDAs, patents are expensive and rarely worth it for early startups.

OP
OpenSourceOliver

For open source: "Open Source Licensing" by Lawrence Rosen. Old but still relevant. Understanding GPL vs MIT vs Apache will save you major headaches

NR
NewReader_2026

Great recs here! Just finished "Venture Deals" based on this thread and it was eye-opening. I had no idea how much complexity there was in term sheets.

Anyone have suggestions for books specifically about SaaS business models? Currently bootstrapping and trying to figure out pricing strategy.

AT
AudiobookTanya

Adding "The Mom Test" by Rob Fitzpatrick to this list. Not legal-focused but crucial for founders - teaches you how to talk to customers without leading them. Has saved me from building features nobody wanted at least twice.

Also seconding "Profit First" - changed how I think about business finances completely.

LF
LateFounder_45

For anyone interested in the legal side, I'd also recommend checking out the free templates and guides on this site. Found them more practical than any book for actual contract stuff I needed day to day.

That said, "The Entrepreneurs Guide to Business Law" mentioned above is solid for understanding the WHY behind legal concepts.

Want to participate in this discussion?

Email owner@terms.law to request access