Brad Feld

Tag: book

Aaron Edelheit recently came out with a great book titled The Hard Break: The Case for a 24/6 Lifestyle

He interviewed me as he was writing it so I show up a few times, along with a few friends that I sent his way. The subtitle is a good hint – instead of a 24/7 life (where you are always on, especially in a work context), Aaron suggests 24/6, where there is a full 24 hour “hard break” each week.

Long-time readers and friends will know that I generally take a digital sabbath for 24 hours starting Friday night and ending Saturday night (and often Sunday morning.) I’m off my phone, email, text, vox, and other digital channels. I read hard copy books or on my Kindle, but try to stay completely off the web. I’m not religious, nor am I religious about doing this, but I’m pretty consistent. And I have a good enforcer encourager in Amy, who I’d rather spend Friday night and Saturday with instead of my computer.

Aaron does a great job challenging the conventional entrepreneurial mythology around how you have to work all the time, burn the midnight oil, grind it out, and be comfortable with the idea that great entrepreneurs work all the time. Is burnout really a right of passage as an entrepreneur? Do you actually have to push yourself to the absolute physical and emotional limit to be successful?

I believe the answer to this is no, as does Aaron. He asserts that each of us needs time away from work and technology and makes a compelling case that time away from work can actually make us more successful and productive in the long term.

Aaron weaves his own personal story into the book, which, rather than reading like a memoir, supports the points he’s making and reinforces the stories and examples of others. His own journey is one, like many, of a series of key moments of personal and professional success and failure that generates his current viewpoint. In addition to being a provocative book, it’s a personal book.

Aaron, thanks for putting your energy into advocating the benefits of taking some downtime on a regular basis. If you are an entrepreneur, feeling exhausted by the pressure of always being on, or feeling external pressure to never take a break, I recommend you grab this book, curl up on the couch tomorrow, and turn off your phone.

 


Mahendra Ramsinghani, my friend and co-author of Startup Boards: Getting the Most Out of Your Board of Directors, is starting work on his third book to be titled Depression – A Founder’s Companion. If this is an important topic to you, please spend 10 minutes on the survey Mahendra is doing.

After the recent passing of Kate Spade and Anthony Bourdain, the conversation around depression and suicide has escalated in a generally constructive way. More people are talking openly about depression, especially among highly creative and successful people. While the stigma around depression and other mental health issues in our society is still extremely significant, the leadership from an increasing number of visible people around their struggles is starting to make a dent in the stigma.

Mahendra’s goal is to publish a book that tells stories, anecdotes, triggers, advice, poetry, and support of all kinds from people who have struggled with depression. It’ll be aimed at, but not limited to, entrepreneurs who have struggled with depression. By compiling and sharing this writing, the journey can become easier and the stigma may continue to be diminished.

While I am not writing the book, I am supporting the concept and have agreed to write the foreword. I believe now is the time for us to accelerate our awareness of depression and continue to build support systems to help founders. We should not wait for yet another star to burn-out prematurely.

The data Mahendra is collecting on the Google form-based survey is anonymized. If you want to connect with Mahendra to go deeper on this topic, there’s an optional field at the end of the survey for your email address.

For anyone who is willing to participate in this project, thanks in advance.


I took Saturday off, slept a lot, and read What Made Maddy Run: The Secret Struggles and Tragic Death of an All-American Teen.

Kate Fagan has written a must-read book for every parent of a high school or college athlete.

The story of Madison Holleran is a heartbreaking one. Maddy was a star athlete in high school, in a big (five kids) happy family with two engaged parents. She played soccer and track and, after almost going to Lehigh for soccer, ended up going to Penn for track.

And, that’s when everything started to go wrong.

Maddy committed suicide a few days after returning for the second semester of her freshman year after trying, unsuccessfully, to quit the track team.

Maddy’s family gave the author, Kate Fagan, incredible access, which allowed Fagan to write a powerful book. Many different themes are explored, against the backdrop of Maddy’s development as a teenage athlete, the internal pressures of today’s teen, the struggle of entry into college and separation from home, and how depression can take hold of someone. While Maddy’s story is central to all of this, Fagan includes her own experience as a college athlete in areas, that make the writing incredibly relatable.

It’s not an easy book since you know the ending when you start it. It’s simple to fall in love with Maddy – she’s a delightful American kid. The joy in her friendships and experiences start off rich and light. You see the turn into darkness happen slowly. And, because it unfolds against the backdrop of Fagan’s analysis and intellectual exploration, it makes it more accessible.

On Sunday, I came across a full-page ad in the NY Times with Michael Phelps talking about his own depression for a new product called TalkSpace. I found a short video for it, which is below.

As a bonus, there’s a section in the book about Active Minds with some interviews with members. This is an organization for mental health in college students, which Amy and I support through our Anchor Point Foundation and that I wrote about in the post Mental Fitness, the NFL, Active Minds, and the Competitive Workplace.

If you are a parent of a teenage or college athlete, read this book. If you want to learn more about mental health and depression, read this book. And, if you want to get involved in organizations like Active Minds, just drop me an email.

 


I read Bad Blood: Secrets and Lies in a Silicon Valley Startup last week on my Q2 vacation. In my post talking about the various books I read, I wrote the following about it.

“Every entrepreneur and VC should read this book. John Carreyrou has done something important here. Maybe this book will finally put a nail in the phrase “fake it till you make it”, but I doubt it. The amount of lying, disingenuousness, blatant and unjustified self-promotion, and downright deceit that exists in entrepreneurship right now is at a local maximum. This always happens when entrepreneurship gets trendy. Carreyrou just wrote a long warning for entrepreneurs and VCs.”

This morning, Amy emailed me a link to an article by Matthew Herper titled Elizabeth Holmes’ Superpower. He strongly recommends Carreyrou’s book and talks about his coverage of Theranos and how he was snowed over the years, partly through his interactions directly with Holmes. In contrast, Holmes never talked to Carreyrou, leaving Herper to reflect:

“Holmes never did talk to Carreyrou, leaving her greatest weapon, her weird charisma, holstered. Now his portrayal of her, put together from other people’s recollections, will define her in the public memory, especially if the planned movie starring Jennifer Lawrence gets made. For those of us she did talk to, at least to me, the book presents a humbling puzzle. Why was what seems so visible now invisible when Holmes was in the room?”

While this is all complicated stuff, Herper’s self-reflection is helpful. At a meta-level, it’s just another example of the challenge of promotion vs. substance. Or, aspiration goals vs. what’s actually going on. Or fantasy vs. reality. Or what you hope to create being articulated as what you have created.

Entrepreneurship is incredibly difficult. Among other challenges a founder has is balancing the vision of what is being created compared to what exists today. At the very beginning of the journey, this is easy because it’s obvious that it is all aspirational. But, as things progress, the substance of what has been created so far starts to matter, especially as the founder needs to raise more money to continue to fund the aspiration goals.

The best founders that I’ve worked with combine a mix of their aspirational goals with a real grounding in the current reality of where the business is. They know that their aspirational goals are goals – not current reality. And they know that there isn’t a straight line to the goals. If they use their reality distortion field as a charismatic founder, it’s to motivate their team to build something, not deceive investors or customers into believing it has been built.

Because, after all, in the end, we are all vulnerable to facts.


Amy and I took a much needed 10 days off in Aspen.

The first five months of the year was intense for both of us. Lots of travel, work, and stuff. Not a lot of self-care, time alone, or reading. And very little running since my calf was injured.

The last 10 days were lots of together time, running, reading, and sleeping. I gobbled up a bunch of books, all of them worth reading.

Assume the Worst: The Graduation Speech You’ll Never Hear: I started with a short book by Carl Hiaasen. I’m a fan of his fiction, so this caught my eye in Explore Booksellers (the local Aspen bookstore where we always load up whenever we come here.) It was cynically wonderful, and great advice.

Adjustment Day: Ever since Fight Club, I’ve been a Chuck Palahniuk fan. His fiction is cloudy, complex, challenging, contemporary, and cynical. He’s basically the C-Man of fiction (go Chuck, go …) Adjustment Day was the perfect fictional setup for the next book I read, which was …

Fascism: A Warning: Amy and I have been fortunate enough to get to know Madeleine Albright through our collective relationships at Wellesley. Amy knows her better, but I had an amazing dinner sitting next to her one night where I walked away thinking “I wish she had been born here so she could run for president.” The word “fascism” is once again being used so often as to mean nothing, so Albright spends 250 or so pages walking the reader through real fascism, how fascists behave, what they do to their countries (and societies), and what – as a citizen in a democratic country – to pay attention to. She covers the famous ones, but also some not so famous ones, especially those who came to power in the context of a theoretically democratic society.

Bad Blood: Secrets and Lies in a Silicon Valley Startup: Every entrepreneur and VC should read this book. John Carreyrou has done something important here. Maybe this book will finally put a nail in the phrase “fake it till you make it”, but I doubt it. The amount of  lying, disingenuousness, blatant and unjustified self-promotion, and downright deceit that exists in entrepreneurship right now is at a local maximum. This always happens when entrepreneurship gets trendy. Carreyrou just wrote a long warning for entrepreneurs and VCs.

Imagine Wanting Only This: I love graphic novels. I don’t read enough because – well – I don’t know. Amy bought me this one because she loved the cover. Kristen Radtke wrote a beautiful, provocative, at times extremely sad, but also uplifting story that is auto-biographical. I wish I could write this well. And, when I read a book like this, I really wish I could draw.

The Painted Word: The world lost a great writer recently when Tom Wolfe died. So I bought the Five Essential Tom Wolfe Books You Should Read. I hadn’t read The Painted Word so I started with it. It’s a deliciously scathing criticism of modern art, circa 1975. I loved it.

Chasing New Horizons: Inside the Epic First Mission to Pluto: If you read one book from this list, read this one, especially if you live in Boulder. Alan Stern, the PI on the New Horizons mission to Pluto, wrote – with David Grinspoon – a riveting story that spans around 30 years. Both Alan and David are at CU Boulder, which plays a key role in the exploration of the last planet in our solar system (there – I said it – Pluto is a planet, the IAU be damned.) This book is a page tuner and will cause you to fall in love with Pluto. And, in late breaking news, Pluto may actually be a giant comet (ah – clickbait headlines …)

Damn Right!: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger: I’m a huge Charlie Munger fan. For some reason, I’d missed this biography of him. I learned a few things I didn’t know and got to travel back in time to a book written in the context of Charlie Munger about 20 years ago.

It was a great vacation. I’ll be back in Boulder tomorrow …


I finished James Comey’s book A Higher Loyalty: Truth, Lies, and Leadership last night. Everyone who thinks or cares about leadership should read it and allow themselves to process it at a meta-level.

I don’t know James Comey and other than seeing his name, photos, opinions, interviews, criticisms, and analysis of him all week, have never really thought much about him. I noticed him during the 2016 election around the Hillary Clinton investigation – both when he announced it, ended it, re-opened it again, and closed it again. I noticed when he was fired and thought everything around it was odd.

I’ve never studied the FBI, know anyone who works there, or have really thought much about its relationship to the rest of the Executive Branch (or the government in general), other than knowing that it is part of the Executive Branch and that the director of the FBI reports to the Attorney General. Beyond than that, most of what I know about the FBI I’ve learned from fictional movies and TV shows, which I know is as accurate as the Fast and Furious movies.

My sense, from all the attention around the book in the last few weeks, was that this would be an important book. I didn’t know how it would be important, but the combination of the extremely aggressive criticism of Comey, the endless ad-hominem attacks on him, the promotion of the revelations that the book held, and a latent curiosity that I had around the dynamics of the director of the FBI before and after the most recent election, caused me to pre-order the book.

I’m going to use the reaction people had to Emily Chang’s book Brotopia: Breaking Up the Boys’ Club of Silicon Valley to frame my view of Comey’s book. When I wrote the post Book: Brotopia: Breaking Up the Boys’ Club of Silicon Valley I was simply writing about my reactions and thoughts after reading the book. Over the few weeks following my post, I had several conversations with men, all who I respect, about the book. In most of these conversations, I was surprised that they had a different, and generally negative, reaction to the book from me. When I pressed on why they had the reaction they had, it always came back to an excerpt that was published before the book was released and the ensuing controversy around the event and whether or not it happened as Emily portrayed it in the book. When I asked the question, “Did you read the book or just the excerpt” each one answered some version of “I’ve only read the excerpt.”

The remarkable thing about some of the criticism about Comey and his book was that it occurred before the book was released. The attacks – both substantive and ad-hominem, have been amplified to a volume of 11.

Comey starts the book off strong by acknowledging his own weaknesses and goals for the book. He asserts that he is focused on defining and describing ethical leadership, using his own experiences as support for the ideas of what he believes (and I agree) is a powerful and important leadership approach. While the book uses the format of a memoir, I think he did an excellent job of putting the reader in the moment of the decisions he had to make, how and why he made them, and the legal context in which he made them. As a result, the notion of ethical leadership gets developed and defined throughout the book.

The criticism of the book that I keep seeing focuses on Comey. It talks about his self-absorption, his need for personal absolution, his inability to see things from a perspective other than “his truth”, and a plethora of other weaknesses, including using his personal descriptions of the people he was talking to at various points in the book.

This is why I encourage you to read the book and reflect on it at a meta-level. There are different ways to be a successful leader. Truth and empathy are powerful, and key traits, of many of the great leaders I know and respect. For these leaders, loyalty is earned rather than demanded. Comey casts himself as this type of leader, but also acknowledges mistakes, misjudgments, and conflicts along his journey. This is another powerful message – leaders are imperfect. And, when you reflect on the various anecdotes Comey describes, from his perspective, one can see this very clearly in all of the leaders he describes his interactions with.

As I need a break from current reality, Sunday’s book will be science fiction …


My dad, brother, and I are now doing a monthly book club together. One of us chooses a book, we all read it, and then we do an hour-long video conference and talk about it. We’ve done this for about six months now and it’s wonderful.

A few months ago Daniel chose Waking Up White, and Finding Myself in the Story of Race by Debby Irving. It was a powerful book that started off strong.

“I can think of no bigger misstep in American history than the invention and perpetuation of the idea of white superiority. It allows white children to believe they are exceptional and entitled while allowing children of color to believe they are inferior and less deserving. Neither is true; both distort and stunt development. Racism crushes spirits, incites divisiveness, and justifies the estrangement of entire groups of individuals who, like all humans, come into the world full of goodness, with a desire to connect, and with boundless capacity to learn and grow. Unless adults understand racism, they will, as I did, unknowingly teach it to their children.

No one alive today created this mess, but everyone alive today has the power to work on undoing it. Four hundred years since its inception, American racism is all twisted up in our cultural fabric. But there’s a loophole: people are not born racist. Racism is taught, and racism is learned. Understanding how and why our beliefs developed along racial lines holds the promise of healing, liberation, and the unleashing of America’s vast human potential.”

I found myself nodding many times as I read this book. When I finished, I wandered around the web and found this TEDx Fenway talk by the author which does a great job of a high-level summary of the book.

I particularly liked this framing:

 

“What I’ve learned is that thinking myself raceless allowed for a distorted frame of reference built on faulty beliefs. For instance, I used to believe:

  • Race is all about biological differences.
  • I can help people of color by teaching them to be more like me.
  • Racism is about bigots who make snarky comments and commit intentionally cruel acts against people of color.
  • Culture and ethnicity are only for people of other races and from other countries.
  • If the cause of racial inequity were understood, it would be solved by now.”

Dad, Daniel, and I talked extensively about the notion of “Good intentions, bad information.” While it applies to many situations, it’s especially key in applying critical thinking to a complex, or deeply challenging situation, especially one where there is a visceral bias (emotional or intellectual) that appears. Consider applying Curiosity, Courage, and Tolerance by doing the following.

  • Curiosity: Ask yourself silently, “Why did I just think that thought?” Force yourself to chase down the “why” before you go on.
  • Courage: Resist feeling terrified that you will say the wrong thing. There are lots of different ways to say something with a qualifier that you don’t have any idea whether what you are saying is going to be offensive, interpreted correctly, or correct.
  • Tolerance: Tolerate your own feelings of discomfort, anger, grief, and embarrassment. Take a deep breath and calmly press through into the situation.

There’s a lot more in the book that both challenged me and helped me. I’m sure I interpreted plenty of it wrong, but, in the same way that I’m reading and exploring a lot of feminist literature, I’m going to include explorations of race and ethnicity in the stuff I’m reading.

Daniel – thanks for choosing Waking Up White, and Finding Myself in the Story of Race as one of our monthly books.


Cat Hoke’s book A Second Chance: For You, For Me, And For The Rest Of Us is out.

I wrote a long post about it in October when I read a draft of it. Cat is remarkable and she lucked out by partnering with the amazing Seth Godin on this book (Seth is the publisher).

I’m sending a copy to every CEO in our portfolio. We’ve got a pretty regular Foundry Group book club thing going at this point, as I know Rajat Bhargava and Will Herman’s book The Startup Playbook is also going out to a bunch of the CEOs. And each of my partners is getting a copy of Lee McIntyre’s Post-Truth this week.

I read a lot and encourage everyone around me to join in on the good stuff. Cat’s book is definitely good stuff. She mixes her own life journey with the mission of Defy Ventures along with the impact that Defy has had on so many people – both “entrepreneurs-in-training” and the volunteers who work with the EITs.

I’ve talked about Defy Ventures a lot on this blog and Amy and I have become significant supporters through both The Anchor Point Foundation and my volunteer engagement. I’m particularly proud, however, of my partner Jason and his wife Jenn who have picked up the mantle as co-chairs of Defy Ventures Colorado and launched the Colorado program. I was in prison with them, 50 volunteers, 50 EITs, ten people from the Defy team (including Cat), and Governor Hickenlooper two weeks ago.

All of this has been inspired, and led, by Cat. I didn’t know much about the US prison system prior to meeting Cat several years ago. My own journey with this has been incredibly powerful. Being able to experience it with other entrepreneurs and investors, including Jason and Jenn, a number of the Techstars team, and many others who I know has been wonderful.

If you want a pre-book taste, the Reboot podcast that I did with Jerry Colonna and Cat is a good start.

But, do yourself a favor. Buy Cat’s book A Second Chance. Read it, let it into your life, and ponder what a second chance really means.

P.S. I have several people in my life who I need to give a second chance to. I’m not ready yet, but I hope I will be at some point. And yes, the book will help you go deep on what this means for you.


Yesterday was a perfect Saturday. I decided to do a digital sabbath so on Friday night at 5 pm I shut down my computer. Amy made a nice small dinner of leftover cauliflower soup with farfalle pasta. We then went downstairs and finished off the Burns/Novick The Vietnam War.

I woke up mid-morning on Saturday. I meditated for a half hour. I had a light breakfast of Dave’s Killer Bread and peanut butter with some coffee. I then grabbed my Kindle, got on the couch near Amy, and dug into Michael Wolff’s Fire and Fury: Inside the Trump White House.

I stopped for a brief lunch with Amy and went back to it. I was three-quarters of the way through it by mid-afternoon so I went for a three-mile run, stretched, took a long bath, and then went to dinner with Amy and John Wood. We talked about the great work he was doing at Room to Read, being in our 50’s, the Vietnam War, and Fire and Fury, which John hadn’t started reading yet.

We got home about 8:30 pm. I finished Fire and Fury while Amy read New Yorker’s on the couch, and then we went to bed. When I woke up this morning and checked my email, I saw one from John at 1:01 am that said “Fuck, yeah, this book is a great read! Thanks for recommending!”

That’s how I felt. In general, I don’t read books about current politics. I steadfastly avoid all the manufactured stuff promoting candidates, and generally only dive in when I feel like some history. I did succumb to my curiously last week and read Shattered: Inside Hillary Clinton’s Doomed Campaign, so I was probably ready for Wolff’s book when all the hysteria around it broke on Thursday, including Trump’s lawyer’s very predictable cease and desist letter.

I thought Wolff did a nice job in his Author’s Note at the beginning of the book setting up the context for how he got the material for the book. He acknowledged conflicting stories, deep background talks, and he dealt with the journalistic conundrums he found himself in. The obvious attack approaches being taken to fully discredit Wolff and the book are shallow and not-credible after you read this section.

There’s a remarkable amount of media on the book, which has already soared to bestseller status on all channels. I found it fascinating to read through some of this media, and while occasionally repetitive, like so many things about this administration, the story of the administrations’ reactions to the story is an important part of the story.

Here are some of the better links I found this morning. Skim if you want, but I encourage you to grab and read the book.

Michael Wolff Did What Every Other White House Reporter Is Too Cowardly to Do

The Wolff lines on Trump that ring unambiguously true

Fire and Fury: Inside the Trump White House review – tell-all burns all

In Michael Wolff’s book, the Trump White House is full of intrigue, and out of ideas

Trump boasts that he’s ‘like, really smart’ and a ‘very stable genius’ amid questions over his mental fitness

Fire and Fury confirms our worst fears – about the Republicans

Booked! Trump, staffers who cried Wolff and a week of fire and fury

Trump hits back at Steve Bannon: ‘When he was fired, he lost his mind’

Exclusive: Bannon apologizes

White House adviser Stephen Miller calls Bannon an ‘angry, vindictive person’ over comments in Wolff book

The ‘stable genius’ isn’t even functioning as president

Finally, from a post I wrote in 2015 titled “The Paradox of VC Value-Add” I want to expose one of my deep biases.

“Before I dig in, I need to express two biases. First, whenever someone says “I’m a (adjective) (noun)” I immediately think they are full of shit. When someone says “I’m a great tennis player”, I immediately wonder why they needed to tell me they are great and it makes me suspicious. “I’m a deep thinker” makes me wonder the last time the person opened a book. “I’m a value-added VC” makes me think “Isn’t that price of admission?””

I wonder if there will be a horse named Stable Genius in the Kentucky Derby in the next few years.