Month: January 2013
I received a bunch of great comments and responses to my post Be Vulnerable. Several people asked if I was inspired by Brené Brown’s TEDxHouston talk in 2010. I hadn’t ever seen it so I watched it last night. After 20 minutes, it’s easy to see how it could have inspired my post – it’s absolutely wonderful. As a bonus, it’s an example of an excellent 20 minute presentation – Brené shows us how a 20 minute high concept talk is done.
I especially loved the thread on numbing vulnerability.
“We are the most in debt, obese, addicted, and medicated cohort in US history. You can not selectively numb emotion – so we numb everything. We numb joy, gratitude, happiness. Then we are miserable. And we feel vulnerable. So then we numb. And create this vicious cycle.”
Another great segment is around making the uncertain, certain.
“I’m right, you are wrong, that’s it. There is no discourse or conversation – just blame.”
Carve out 20 minutes and give yourself the time and space to watch, listen, and think. And let yourself be vulnerable, especially to Brené’s ideas.
Thirty-five great candidates were interviewed for this position; the only offer we extended was to Eugene. His background includes NY-area investments BuzzFeed and Bedrocket while he was at New Enterprise Associates. Prior to that, he worked at Warbug Pincus and Morgan Stanley. We were looking for deep competence and culture fit with TechStars and we found it with Eugene.
It’s been amazing to me to see TechStars NY grow since David Cohen and David Tisch launched it in the Winter of 2011. Tisch provided amazing leadership over the three programs, helping launch 36 new companies, of which 1 has been acquired, 2 have failed, and 33 have gone on to raise around $50m and employ over 200 people. The NY startup community has been awesome with engagement from over 75 mentors. And as the NY entrepreneurship scene has exploded during this time, it’s been fun to be part of it with both TechStars and our investments in companies such as MakerBot, Medialets, AdMeld (now Google), CrowdTap, Organic Motion, Jirafe, Next Big Sound (which was part of TechStars Boulder Summer 2009) and SideTour (which was part of the second TechStars Summer 2011 program).
Nicole Glaros is serving as Interim MD and will be based with Eugene in NYC during this year’s program. David Cohen will be present as well, helping get Eugene up to speed. I”m also going to be spending a week at TechStars NY during the program from April 15 to April 19.
Eugene – welcome to TechStars. I’m psyched to have you as part of the team!
Today appears to be government day on Feld Thoughts. This morning I wrote about the Colorado PUC trying to shut down Uber in Colorado (bad). Now I get to write about Senators Mark Udall (D-Colo.) and Jeff Flake (R-Ariz.) re-introducing the Startup Visa Act of 2013 (good).
Mark – thank you – you’ve been an awesome supporter of this and leader of the effort since the first day we discussed it in 2009. Senator Flake – thank you for showing leadership on this issue.
Yesterday, as part of his Comprehensive Immigration Report plan, President Obama explicitly listed the Startup Visa as one of the initiatives.
Obama: “Create a “startup visa” for job-creating entrepreneurs. The proposal allows foreign entrepreneurs who attract financing from U.S. investors or revenue from U.S. customers to start and grow their businesses in the United States, and to remain permanently if their companies grow further, create jobs for American workers, and strengthen our economy.”
He also supported stapling green cards to diplomas, something I’ve been advocating since my OpEd with Paul Kedrosky in the Wall Street Journal on 12/2/09 titled Start-up Visas Can Jump-Start the Economy.
Feld/Kedrosky: We also think science and engineering graduates should get visas stapled to their diplomas. You complete your higher education here, you get to stay so that you can get out and create jobs, innovate, and grow the economy. Uncle Sam wants you, if you’re a prospective entrepreneur.
Obama: “Staple” green cards to advanced STEM diplomas. The proposal encourages foreign graduate students educated in the United States to stay here and contribute to our economy by “stapling” a green card to the diplomas of science, technology, engineering and mathematics (STEM) PhD and Master’s Degree graduates from qualified U.S. universities who have found employment in the United States. It also requires employers to pay a fee that will support education and training to grow the next generation of American workers in STEM careers.
Fred Wilson, who has also been a vocal leader for these initiatives, expressed his appreciation that these issues are now part of the national immigration reform discussion in his post The Startup Visa.
Wilson: The President announced yesterday that he was in favor of a Startup Visa. Hallelujah. … It’s a shame that it takes almost four years before a good idea gets the President’s support. And its a greater shame that there are many in Congress who will still vote against this idea.
Fred and I are both paranoid optimists – we both hope this gets done this time around. Our country deserves it. Senators Udall and Flake – thank you for the leadership here.
In yet another insane move by government against entrepreneurs and job creators, the Colorado PUC is proposing a new set of rules that would shut down Uber in Colorado. This is protectionism and misuse of power in an egregious form. Government supporting powerful incubants (the taxi industry) that are threatened by disruptive innovators through regulation. Yuck.
As a Colorado entrepreneurial community, we shouldn’t stand for this. As citizens and tax payers in Colorado, we shouldn’t stand for this. And as innovators, looking forward, we shouldn’t stand for this. My call to action is at the end of this email – if you do nothing else, go sign the petition right now. And tell everyone you know.
I think our governor, John Hickenlooper, is awesome. I hope he focuses on this quickly and demonstrates his own background as an entrepreneur, as an innovator, and as a proponent of innovation. Given the launch of his new effort to rebrand Colorado for the next 20 years, I hope he focuses his brandCO effort on innovation, entrepreneurship, and the future, rather than protecting incumbents in regulated industries through the misuse of power, especially in areas – such as the taxi industry – where the service, at least in Colorado, is uniformly poor. Colorado’s new brand shouldn’t be “backwater protectionist state” – yeah – that doesn’t sound very good to me.
The Uber story has already played out in a number of other states. The regulators quickly back down from the powerful lobby / industry groups that are influencing the new regulations. In some cases, it’s a simple misuse of power. In others, it’s a lack of understanding of what is going on. And in others, it has been a backward looking regulator, or government, that momentarily forgets that it serves its citizens, not a small constituent of incumbents.
The PUC rule changes are extensive, but there are several cleverly woven in that effectively shut down Uber if implemented. Read the following examples and be appalled.
– Section 6301: Uber’s pricing model will be made illegal: Sedan companies will no longer be able to charge by distance (section 6301): This is akin to telling a hotel it is illegal to charge by the night.
– Section 6309: Uber’s partner-drivers will effectively be banned from Downtown — by making it illegal for an Uber car to be within 200 feet of a restaurant, bar, or hotel. This is TAXI protectionism at its finest. The intent is to make sure that only a TAXI can provide a quick pickup in Denver’s city center.
– Section 6001 (ff): Uber’s partner-drivers will be forced out of business — partnering with local sedan companies will be prohibited.
These rules are not designed to promote safety, nor improve quality of service. They are intended to stop innovation, protect incumbents, hurt independent drivers, and shut down Uber in Denver.
There are several things you can do right now.
1) Contact Gov. Hickenlooper and tell him, “Save Uber in Colorado! Withdraw PUC Rules Changes to sections 6001, 6301, & 6309.”
2) Contact the Colorado PUC Directly:
3) Sign the petition that shows the PUC your #UberDENVERLove.
Disclosure: I am NOT a direct investor in Uber, although I have personal investments in several VC funds that are invested in Uber. However, my ownership is tiny and the amount I’ve spent on Uber services since they launched several years in the bay area dwarfs the amount of money I’d ever expect to see from my indirect investment. I’ve written this because I love the service, love the company, and love their innovation. Society improves when innovators like Uber are able to do their thing – it’s a deeply held belief of mine – that’s why I’ve written this post.
If you’re working on a quantified self product or are part of a startup that would benefit from integration with Nike+, you have less than a week left to apply to the Nike+ Accelerator, powered by TechStars (deadline is February 3rd). If accepted, you will receive $20,000 in seed funding and support from TechStars, and mentorship from leaders within TechStars and Nike.
The program begins in Portland on March 18th and will be led by Managing Director Dylan Boyd and TechStars is the investor in your company. Nike offers mentors, executives, technology, access to the developer portal, API, and more.
Don’t be bashful – apply now!
We are told that leaders must be strong. They must be confident. They must be unflinching. They must hide their fear. They must never blink. They cannot be soft in any way.
Last night, after my first public talk on the new book that Amy and I just released titled Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur, a woman came up to me afterwards and gave me two pieces of feedback. The first was that I expressed incredible vulnerability in my talk. She thanked me for that. She then suggested that I hadn’t done a good job of weaving the notion of vulnerability into the importance of the dynamics of the relationship that Amy and I have.
She was absolutely correct on both fronts. Amy and I allow ourselves to be very vulnerable with each other. We aren’t afraid of each other and – by allowing ourselves to be vulnerable – we are more direct, honest, and clear about what is on our minds. It works both ways – we are more able to hear the other person, and more able to offer feedback in a constructive way, because we allow ourselves to be vulnerable.
But it doesn’t stop there. I’m allow myself to be very vulnerable with my partners Seth, Jason, and Ryan. And they allow themselves to be vulnerable with me and each other. We embrace the notion of “brutal honesty” with each other – we say things as we see them, as we believe them, and as directly as we can to each other – while at the same time recognizing that the other person is open to any feedback, in any tone, in any way. Notably, we are each vulnerable to each other, which makes our communication much more powerful and effective.
I try to be bidirectionally vulnerable with every entrepreneur I work with. I try my hardest, but when I hurt someone, I want to hear why. When I let someone down, I want to hear why. When I am struggling, I talk openly about it. When I’ve failed, I listen to why. And I hope that every entrepreneur I work with feels the same way, or whatever their version of “being vulnerable” is.
I’m vulnerable to the broader community I engage with. I’m open about my struggles – personally and professionally. I’m not bashful about being wrong, and owning it. And, when I get feedback, my ears are always open. Sure, I get plenty of random criticism from nameless, faceless people. That used to annoy me – now I just put them in the bucked of “anonymous coward” and delete it from my brain. If they can offer me the feedback directly, in their own voice, with their own identity, I’m open to it. I’ll let myself be vulnerable in that context. But I draw the line at random, anonymous attacks, especially ad hominem ones.
The great leaders I know are vulnerable. Maybe not to everyone, maybe not all the time, and maybe not in all contexts. But the allow themselves to be, simply, themselves. Human. They allow others in. They know they can be wrong. They know they can fail. And they know they can improve. Vulnerable.
That’s part of being a great leader. And a great partner – business or personal. And it opens you up to be a greater human. Thanks to the person who reminded me of that last night.
Tomorrow night (Tuesday, 1/29) I’ll be doing another Entrepreneurs Unplugged – this time I’ll be interviewing Jeremy Bloom, the co-founder of Integrate.
We are investors in Jeremy’s company which is doing extraordinarily well. Jeremy has been a total joy to work with and has an amazing story. If you recognize his name, “olympic ski champion”, “college football star”, and “NFL football player” may come to mind. He’s also the founder of a dynamite non-profit called Wish of a Lifetime.
We’ll be at the University of Colorado Law School, Room 101 from 6:15 – 7:45 PM with a reception to follow.
Register to join us for a fun and interesting evening.
I’m going to be doing the first public Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur talk tonight at Riverside at 7pm. If you don’t know Riverside, it’s a new co-working, event, and cafe space on 1724 Broadway in Boulder. It’s a beautiful old building that’s been a fixture in Boulder for a very long time. There’s a nice article about what Christian Macy and Richard Moser are working on with Riverside in the Boulder iJournal.
If you want to attend tonights event, please sign up. I’ll be there with a bunch of copies of Startup Life that I’ll be selling thanks to the magic of Square, my green pen to sign books, and to talk and hang out.
And, as the Startup Life marketing machine kicks into gear, don’t forget to enter Operation Win A Dinner with Us. It’s going on through Saturday, 2/2/13 at 11:59pm EDT.
My newest book, Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur, that I wrote with my wife Amy Batchelor, is shipping. As a result, I’m activating Operation Win A Dinner With Us today.
Between now and Saturday (2/2/13), if you order a copy of Startup Life, you will be entered into a random drawing. I’m going to pick two random winners – one for orders from Amazon and one for orders from BarnesandNoble.com.
All you have to do to be entered is email me the electronic receipt by 11:59pm EDT on Saturday night (2/2/13). I will announce the winners on Monday morning.
The winners will get dinner with me and Amy somewhere in the world in 2013. Dinner will be our treat – it’ll be for you and your significant other. And I promise we’ll choose a nice place of our mutual liking somewhere that is convenient for all of us.
If you play, make sure you also Like the book (if you order on Amazon), tweet out or Facebook the purchase, or do whatever other social media thing lights your fire.
If you want to see an example of the result from my version of this contest for Startup Communities: Building an Entrepreneurial Ecosystem in Your City, take a look at the post When You Know It’s Impossible, Do It Anyway….Or Win A Contest. And find out about Chris’ Random Acts of Entrepreneurship.
Xconomy is coming to Colorado – specifically Boulder and Denver. They are looking for a writer for the Colorado beat. See the request below.
As Xconomy moves forward in Boulder, Denver, and beyond, we’re going to need someone in the Front Range with the right mix of enthusiasm, creativity, versatility, knowledge, and who also happens to be a top-notch writer. The job will probably be part-time at first, hopefully building quickly to full time as we build our business in Colorado. Our ideal candidate will be a resourceful researcher and fearless interviewer, with the ability to write swiftly and the experience to produce breaking business news stories, longer features, profiles, and bloggy posts on a daily schedule.
We want someone who can work independently, but in close coordination with the team at Xconomy. (You can learn more about us here.) We also give high marks for a sense of humor, and those who show a talent for Web publishing tools and social media.
If this sounds like you, write us at email@example.com. Tell us about yourself, your knowledge of the Colorado innovation scene, and why you think you’d be a great fit with Xconomy—and don’t forget a resume and clips.
If this is you, send a note right now to firstname.lastname@example.org.