The book: This book is a detailed report from a study of 212 startup founders/founding teams, including Steve Wozniak (Apple), Evan Williams (Blogger, Twitter), and Tim Westergren (Pandora Media). Noam Wasserman (author) explains the key decisions that founders and/or co-founders need to make from the day on which they decide to build their company until it is acquired by a larger corporation or goes public. The book also gives advice on dealing with investors and boards, based on the entrepreneur´s motivations, which are typically wealth or power. Takeaways and Paths of Action: The following only apply to individuals that are or would like to become entrepreneurs: 1. Keep co-founder relationships in order: Handshake contracts for equity distribution lower the value of a startup and generate confusion among the members of the team later on. A written agreement benefits everyone. Make sure to plan for worst-case and unexpected scenarios such as bankruptcy...