Mark Suster: One Book Every Entrepreneur and VC Should Own
techcrunch.com
techcrunch.com
On the other hand if you're bootstrapping I'd recommend Start small, stay small: an entrepreneurs guide to launching a startup by Rob Walling. That is until patio11 writes the definitive guide.
I bought it after reading Fred Wilson recommending it and it's been awesome so far. It reads like a book, not a manual, and minus a few parts (term sheets), it really wasn't hard to follow at all.
I'm about half-way done with it and it's good to get all this knowledge from a VC. I'm part of an accelerator this summer and I've recommended it to everyone else participating...it's really a wealth of knowledge presented in a clear and concise manner.
Whether this book helps in understanding or not I don't know since I haven't read it, yet.