Hello and welcome to a special interview edition of Slate Money with Scott Cooper, who's here with me in Brooklyn.

Welcome.

Thank you.

You have a new book out called Secrets of Sand Hill Road, which is about venture capital.

And we have a long and fascinating conversation, especially if you are interested in this whole venture capital industry.

We are going to talk about how companies are funded and why VCs insist on board seats

for their general partners and why they insist on this crazy stuff called preferred stock and

whether you should even accept cash from them at all, which apparently according to Scott,

there is some reason somewhere. He'll hold your hand and he will sprinkle magical pixie dust on you.

It's going to be a fun conversation.

It's going to be a fun conversation.

And all of that is coming up on Slate Money Extra.

Scott Cooper, welcome to Slate Money.

Thank you.

You have a book.

It is called The Secrets of Sand Hill Road.

Sand Hill Road is a very boring road in Palo Alto.

I had no idea it could have secrets.

But apparently it has secrets behind the low slung beige buildings along Sand Hill Road.

That's exactly right.

You would be very disappointed.

Anybody who come out of Sand Hill.

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