> For the complete documentation index, see [llms.txt](https://vc.shibin.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://vc.shibin.co/library/background-reading.md).

# Background Reading

* [x] [How Venture Capital Works - Harvard Business School](https://hbr.org/1998/11/how-venture-capital-works)
* [x] [VC Math](https://hackernoon.com/vc-math-2848971a34a0)
* [x] [The Venture Capital Math Problem Revisited (aka How Could You Be So Wrong?)](https://avc.com/2020/02/the-venture-capital-math-problem-revisited-aka-how-could-you-be-so-wrong/)
* [x] [More VC Math](https://www.vcrazor.com/vc-razor/fund-fit/more-vc-math/)
* [x] [Venture Capital Funds - How the Math Works](http://www.angelblog.net/Venture_Capital_Funds_How_the_Math_Works.html)
* [x] [Explaining VC Math: Is your Idea Big Enough?](https://www.saasventurecapital.com/blog/2019/7/24/explaining-vc-math-is-your-idea-big-enough)
* [x] [Why startups are hard — the math of venture capital returns tells the story](https://andrewchen.com/venture-capital-returns/)

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