I teach Private Equity modules at a leading business school, and recommend this book to my students as their set text on venture capital. In my view it gives all the practical details you need to understand this exciting area, but without getting unduly technical.
The author had a long career as a venture capitalist and it shows. However, for the purposes of the book he is a poacher turned gamekeeper as it is written very much for the entrepreneur, giving helpful tips on how to minimise the amount of equity and/or value which he or she will lose from their company as a result of choosing venture backing.
It also helps that Acland's writing style is so accomplished - a testament doubtless to his other life as a historical novelist (at which, incidentally, he is also very good). I read the whole book straight through from cover to cover when I first got it, and it really was a pleasure to read.