Brad Feld

Category: Books

Yesterday was not an awesome day.

I was tired from my run on Saturday and a late-ish night so I slept in. Amy got up with the dogs. When I woke up, our country was deep in the fallout from the worst mass shooting in the history of the U.S. I was shocked by the shooting, then angry about some of the responses, and then ultimately – with Amy – just sad about the whole thing. Love is so much more powerful than hate, and there is so much hate in the world right now.

So I went for a long run. That didn’t help much so I took a nap and laid down on the couch and read the book at the top of my pile of infinite books. Other than being with Amy and seeing Mark Pincus and Dick Costolo in a cameo on Silicon Valley, reading The Curve was the best part of my day.

Jeremy Blachman, the co-author, wrote a book a decade ago called Anonymous Lawyer which I loved. It almost inspired me and my partner Jason to write a book titled Anonymous VC, but Jason decided to make the video I’m a VC instead. Jeremy sent me an advanced reader copy (ARC in the book trade) of The Curve so my simple task was to read it.

I enjoyed it a lot. I’m not a lawyer, but I’m surrounded by them (Jason used to be a lawyer and some of his best friends are lawyers). I didn’t go to law school but I’ve become very involved at CU Law and Silicon Flatirons around their entrepreneurship initiatives (Phil Weiser and Brad Bernthal are close friends.) I’m not deeply involved in politics, but about 25% of the people I interact with in politics went to law school.

The Curve is a super snarky take on law school. It chronicles the year of a fictional law school in New York – one at the bottom of the barrel. One of the protagonists is a first year law school teacher who quit his job as a high powered New York corporate lawyer to achieve more meaning in his life. The cliche “be careful what you wish for” comes immediately to mind.

It’s a fun, quick read. I enjoyed the dramatic twists, the sarcasm, and the characters, especially as the book cranked into the second half. Once it hit it’s full speed around page 100, there was no stopping it.

If you are a lawyer, or a law school student, or just know a bunch of lawyers and law school students, this book is for you.

And … this just in. Microsoft to buy LinkedIn for $26.2 billion. Nice job on the marathon Reid and Jeff!


If you are a movie producer and you want to actually make an AI movie that helps people really understand one of the paths we could find ourselves going down in the next decade, read vN: The First Machine Dynasty by Madeline Ashby.

I’ve read a lot of sci-fi in the past few years that involves AI. William Hertling is my favorite writer in this domain right now (Ramez Naam is an extremely close second) although his newest book – Kill Process (which is about to be released) is a departure from AI for him (even though it’s not AI it’s amazing, so you should read it also).

I can’t remember who recommended Madeline Ashby and vN to me but I’ve been enjoying it on Audible over the past month while I’ve been running. I finished it today and had the “yup – this was great” reaction.

It’s an extremely uncomfortable book. I’ve been pondering the massive challenge we are going to have as a mixed society (non-augmented humans, augmented humans, and machines) for a while and this is the first book that I’ve read that feels like it could take place today. Ashby wrote this book in 2012 before the phrase AI got trendy again and I love that she refers to the machines as vNs (named after Von Neumann, with a delicious twist on the idea of a version number.)

I found the human / vN (organic / synthetic) sex dynamic to be overwhelming at times but a critically important underpinning of one of the major threads of the book. The mixed human / vN relationships, including those involved parenting vN children, had similar qualities to some of what I’ve read around racially mixed, religiously mixed, and same-sex parents.

I’ve hypothesized that the greatest human rights issue our species will face in the next 30 years is what it actually means to be human, and whether that means you should be treated differently, which traces back to Asimov’s three laws of robotics. Ashley’s concept of a Fail Safe, and the failure of the Fail Safe is a key part of this as it marks the moment when human control over the machines’ behavior fails. This happens through a variety of methods, including reprogramming, iterating (self-replication), and absorption of code through consuming other synthetic material (e.g. vN body parts, or even the entire vN.)

And then it starts to get complicated.

I’m going for a two hour run this morning so I’ll definitely get into the sequel, iD: The Second Machine Dynasty.


While listening to Harry Stebbings interview Boris Wertz on the 20 Minute VC, I heard Boris refer to his free ebook A Guide To Marketplaces. So I read it.

It was a quick read, but very useful for anyone who is interested in marketplaces. Boris lays out all the terminology, explains different types of marketplaces, dynamics of building a marketplace, and metrics you should pay attention to.

If you are building or investing in marketplaces, make sure you grab a copy and read it.


On my vacation a few weeks ago, I read Chris Schroeder‘s book Startup Rising: The Entrepreneurial Revolution Remaking the Middle East. It was outstanding.

I had dinner with Chris recently in Boulder. We were introduced by our joint friend Ben Casnocha. Chris made the effort to come visit me in Boulder, which I always appreciate as it’s a way for me to be completely in the moment for an extended period of time when meeting someone new. We met at Wild Standard around 7pm and left when they closed the restaurant.

It was one of my most enjoyable conversations so far in 2016. I immediately felt a kinship with Chris. While we’ve wandered different paths, we’ve overlapped a lot including on this a16z Podcast about How Innovation Ecosystems Grow Around the Globe. I had a copy of Startup Rising on my Kindle from a while ago but had never read it. Our meeting, dinner, and long conversation inspired me to move it to the top of my infinite pile of books.

Chris goes extremely deep on the state of entrepreneurship in the Middle East. His travels through the region are extensive and his story telling, interviews, and examples are as well done as any that I’ve read in a book about entrepreneurship. It’s all prose – he doesn’t take the shortcut of just telling standalone examples or having others write segments about what they are doing. The people he spends time with – along with the businesses – come to life as he paints a rich picture of things that are actually going on and the people behind them.

But the book isn’t just storytelling. Chris creates a framework for how to think about the different participants in the Middle East startup community. He describes various challenges in different countries along with how entrepreneurs work around or through them. And he isn’t afraid to address difficult subjects, like religion and geopolitics, as he explores what was going on at the time.

Chris wrote the book in 2012 and it was published it in 2013. While it stands the test of time and is an excellent introduction to entrepreneurship in the region, I’d love to see a second edition updated for the current reality of 2016. But, for now, I view this as the definitive guide the entrepreneurship in the Middle East.


Neon Fever Dream by Eliot Peper was outstanding. But you can’t read it yet as it’s still in draft form.

Eliot’s last book Cumulus was published a few weeks ago and has gotten awesome reviews. He’s turned into a writing machine and already had a draft of Neon Fever Dream ready to go when Cumulus was finalized.

I first met Eliot several years ago when he emailed me a few chapters of the first book he was working on about a fictional tech startup in Boulder. With it he was pioneering a genre that I referred to as “startup fiction” – kind of on the edge of Cyberpunk and near-term science fiction that I love dearly, but set in the immediate present. Uncommon Stock was the first book that FG Press published and I spent plenty of time with Eliot as chief cheerleader and mediocre editor and, when the book was finished, loved it.

Eliot went on to write a trilogy starting Mara Winkel. While a fictional character, I became good friends with Mara and would have invested in her if I could have.

When Eliot wrote Cumulus, he moved away from Mara but retrenched in his home town of Oakland. This time he wandered a little further into the future and wrote a great dystopian thriller that fits clearly in my near-term science fiction category and puts him in the same zone as one of my other favorite contemporary writers, William Hertling.

And then came Neon Fever Dream. You’ll have to wait a little while for it, but this time, instead of Oakland, Eliot takes us to Burning Man and spend 90% of the book there over the course of a week. His writing has matured with each book and he totally nails it at all levels. I love that his protagonists continue to be these incredibly powerful female characters who are simultaneously introspective and totally kickass heroic leaders. The pacing is great – I read the entire book in one evening on day two of my vacation last week. I noticed Mara in the background in one scene early on and paid attention for a few more easter eggs, but didn’t find any. But I loved it nonetheless.

Eliot – I’m deeply proud of you. Thirty years from now I get to point at these blog posts and say “I knew him way back at the beginning …”


Last week I was on vacation and off the grid. Amy and I decided to stay home, rest, just hang out, and read.

Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right was first on the list. I have a very cynical attitude toward politics, especially in the context of big money, so I was fascinated by this book. I’d read snippets about it and had read the New Yorker article Covert Operations: The billionaire brothers who are waging a war against Obama by Jane Mayer in 2010 that was the inspiration for her to write this book.

After 450 pages, my cynicism had evolved from significant to profound. I kind of knew what I was getting into when I started reading the book, but the rabbit hole is very, very, very deep. I know that there are many people, especially in politics, who don’t care about the truth and that one person’s truth is not necessarily “the truth.” But the extent of the manipulation, strategies surrounding it, lies supporting it, and the money financing it were extreme even for my already cynical perspective.

I’ve never really engaged financially in politics. While I’ve contributed here and there to candidates that I support, I’ve always done it in the context of personal contributions to the campaign. While I’ve supported specific issues like patent and immigration reform, I don’t think I’ve ever given to a candidate through an organization designed to support one of these issues, but instead I have always given my gifts directly to activities around the specific issues.

With the emergence of Super PACs, it’s gotten more confusing, but I’ve tried not to support PACs, Super PACs, or bundlers. I’ve fallen into the trap of this several times, but always made sure that what I did wasn’t tax deductible or characterized as a charitable gift. I’m not trying to be a goody two-shoes, but rather just follow the rules and play by them.

While Mayer’s book focuses on the Koch’s, a bunch of their friends in their extended network, and the rise of the radical right, she alludes to similar dynamics going on now on the liberal front. While it’s easy to paint it as extremes of the Republican party, label it the rise of the libertarians, or describe it as a takeover of the Republican party, it’s clear to me that the financial dynamic described covers the entire political spectrum.

But that’s not the disturbing part to me, as money, influence, and power have always been wrapped up together. Instead, I ‘m bothered by the characterization of the activities as charitable, the blatant tax evasion from the contributors, the disingenuous behavior by the principles and their proxies, and the fundamental disrespect for a system that is supposed to be representative of the people.

Regardless of your political leanings or attitude, this book is worth reading, if only to have a perspective on how far we have gone into some alternate reality that now is driving how things work. Or maybe it’s always been this way, and we are just now noticing how much money is, and can be, involved.


If you are a looking for an awesome sci-fi book to read, download Cumulus by Eliot Peper right now. And, if you want some independent confirmation from others not named me, this just happened.

Cumulus #1 on Amazon Cyberpunk

Eliot nails a dystopian future set in Oakland that incorporates the evolution of all the tech we are currently using. The early reviews are outstanding – including ArsTechnica’s Cumulus is your new favorite surveillance-fueled dystopian novel and Tech.co’s Startup Thriller Book ‘Cumulus’ Warns of a Dystopia Under Surveillance – and match my experience of the book.

I’m super proud of Eliot. He was the first author that FG Press published and I wrote about getting to know Eliot in my post about his first book Uncommon Stock 1.0 in 2014. If FG Press hadn’t failed I expect we would have published Cumulus. I’m happy that Eliot is continuing to write and finding the success he deserves from his efforts.

If you want the story of the book in Eliot’s words, read his thoughts about Cumulus on his blog. Or – just cut the chase and grab Cumulus right now.


If you are interested in understanding the business implications of blockchain technology, William Mougayar‘s new book – The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology – is a must read.

I’ve known William for about five years. I almost invested in his company Engagio (there’s now a different company by that name) but decided not to. However, our friendship developed and he’s been an amazing host anytime I’ve been in Toronto.

Several years ago William became obsessed with Bitcoin and then the Blockchain. In January 2016 he launched his new book effort around the Blockchain on Kickstarter and I quickly backed him at the GENEROUS Supporter level.

GENEROUS Supporter
++ 50 E-BOOKs of The Business Blockchain.
++ 50 E-BOOKs of Centerless.
++ 50 Print copies of Centerless.
++ Your Name in the Acknowledgements for BOTH books, and on the website.
++ Invitation to Slack private channel
++ 45 mins Conference Call Discussion with your team to discuss your Blockchain strategy.
You will receive the digital copies of the first book in March 2016, and the second book in June 2016.

I love Kickstarter. I have such a delicious habit that allows me to exercise my poor impulse control whenever I feel like it, which if you think about it too hard, is a little contradictory.

William ended up getting a publishing deal with Wiley (through the same editor that I work with and had connected with William a while ago.) Wiley did a great job cranking things out extremely quickly, breaking all the normal publishing time frames, and the book comes out in a week (you can pre-order it on Amazon now.)

I read a draft a month or so ago and gave William a blurb for the book, something I rarely do anymore and only when I’ve read and commented on a draft. But when a friend asks and I’ve had a chance to read the draft, I’m game to do this, like I did for Steve Case’s recent excellent book The Third Wave: An Entrepreneur’s Vision of the Future.

On Sunday, after my two hour run, I laid on the couch and read the production copy of William’s book. He’d cleaned it up a lot since the draft version I’d read and it flowed quickly. While I know plenty about the blockchain – both technically and from a business perspective – I read it with beginners mind, assuming I knew nothing about Bitcoin and the blockchain, other than how to spell them.

It’s a quick read, but has a lot of depth. William is a good writer so it’s easy to read, especially for a book around a topic that is hard to get into. As a bonus, the footnotes and bibliography are solid, giving you lots of places to go if you want to explore more.

If you want to understand the blockchain from a business perspective, this is the book for you.


I read Bill Walton‘s autobiography Back from the Dead on Saturday after my long run. It was a good one and does a great job of capturing a complicated life filled with super high peaks and extremely low valleys.

I was into basketball as a pre-teen. I played forward for a little while but really settled into my role as a guard. I played until junior high school when I stopped playing soccer and basketball and focused entirely on tennis, which lasted until high school when I smashed my last wood racquet on the court. After that, I ran track and cross country and really began my love of long distance running.

I dug Bill Walton when he played for the Trail Blazers. My team as a little kid was the Dallas Chaparrals until the ABA blew up. I didn’t really have a team again until I moved to Boston to go to college, so I just liked individual players. When I eventually stopped paying attention to basketball in high school, even though the Dallas Mavericks were now my home town team (and I won a Dallas Mavericks college scholarship for $1,000 for some reason I can’t remember), I lost touch with pretty much all the players. So it was fun to see Walton re-appear in my junior year at MIT on the Boston Celtics, which re-energized my interest in basketball a tiny bit (it didn’t hurt that the Celtics were completely dominant in 1986.)

In Back from the Dead Walton covers his years playing at UCLA, Phoenix, and Boston in great detail. He also talks about his time on the San Diego – and then LA Clippers – which includes some scathing commentary on the craziness and misery that was the team under Donald Sterling in its early years.

The basketball stories, especially some of the detailed history, is fun to read. I’ve always enjoyed sports history from a first person point of view of a player, and Walton doesn’t disappoint. But that’s simply the foundation for the book.

Walton’s basketball brilliance is interspersed with endless injuries. He talks about them in detail – initially the physical struggles, but then the mental struggles as the pain as well as the time recovering and rebuilding grows. He doesn’t complain, but shows a vulnerable side in his description of his struggles. For a period of time, he’s at the top and bottom of the game at almost the same time, fighting through the injuries until they overwhelm his ability to recover and he finally retires.

He then goes through his career as a sportscaster. Mixed throughout is his love for and journeys with the Grateful Dead. And then his spine breaks, ESPN fires him gratuitously (they eventually rehire him under new management, but he skims over this), and a very long recovery begins.

At this point, you can feel Walton’s pain. Sure – the physical pain is there, but the emotional pain is profound. And his writing about it is powerful. And clean. And clear.

He gets through it and ends the book filled with love and joy and the energy that bubbles throughout his early playing days. Overall, the book is a powerful reminder of this complicated thing we call life and how hard it can be, even when you are at the top.