Brad Feld

Category: Things I Like

Marathon #19 in the “run a marathon in each of the 50 states” is done. I completed #19 in Newport, Rhode Island yesterday. The course was beautiful, the day was perfect, the volunteers were great, and my performance sucked. I finished in 5:13:36 – not my worst marathon, but no where near the 4:45:00 I was hoping for.

While my running base is great, I made three mistakes. I flew across the country from San Francisco to Boston on Thursday and sat hunched over my computer the entire flight. When I woke up Friday morning my upper back and neck were killing me. They settled down by Sunday morning when I woke up, but I was physically tense. Next, while I ate right on Friday and Saturday, I don’t think I ate enough. When I woke up Sunday morning I was hungry – never a great sign before a marathon. I had a normal breakfast (about 500 calories), but I only ate about an hour before the run so I don’t feel like it got stored up properly. Finally, the course only had water the first eight miles and then only every other mile – gatorade didn’t appear until mile 8. I ended up dehydrated and underfueled.

The race looped back to the starting line for the finish of the half marathon. I saw Amy at 13.1 miles and she jogged with me a little. Even though I went through the half at 2:24, I knew I was in trouble. When Amy asked how I was doing, I said something like “I’ve got nothing in my legs – it’s going to be a long 13 miles.” Fortunately, I’ve been there before and know that I can run 13 miles when I’ve got nothing in the tank, so I just soldiered on.

If you look at my mile splits on RunKeeper, you can see the great fade begin around mile 16.  I was between 10:30 and 11:30 until mile 16 at which point my pace shifted to around 13:00 per mile. I was able to hold that pace, with a 12:00, a 12:22, and an 11:28 at the end, but that’s because I was working hard with my new friend Puck who paced me in (or I paced him – I don’t remember) for the last few miles.

My friend Warren Katz finished his first marathon (at age 47) and his wife Ilana cranked out a PR for a half in 2:00. It was a huge marathon weekend – my partner Ryan McIntyre ran Amsterdam with Lindel Eakman (one of our investors – his first marathon) and my partner Jason Mendelson did the Amsterdam half marathon (his first, after having major hip surgery a year and a half ago). As a bonus, Ryan’s wife Katherine ran the San Francisco Nike Women’s Marathon. Way to go gang!

On Sunday I’m going to run the St. Louis Rock and Roll Marathon with my friend Matt Shobe (now at BigDoor; was one of the co-founders of FeedBurner). Matt paced me through the Huntsville, AL several years ago and is a great marathon partner. This is the first time I’m doing a marathon on back to back weekends. While I’m crisscrossing the country again this week (New York today and tomorrow, then San Francisco Wednesday through Friday before heading to St. Louis), I feel pretty good “the day after.” I’m in a mild state of disbelief that I’m going to do this again in six days, but I’m looking forward to seeing how it feels.

Once again my sherpa Amy was amazing. She’s got an awesome blog post up with some beautiful pictures of Newport and the marathon.


Put this in the pet peeve rant category. I’m tired of “Revenue” being referred to as “Income.”

Yes – I know Quickbooks defaults to “Income.” I know it’s technically correct when referring to “Income accounts” in a company’s “Chart of Accounts.” But it’s confusing, and it baffles me.

I spent a few minutes tonight trying to figure out the origin source of this but got bored. I did find a fun explanation in the source of all truth (Wikipedia).

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms.

For households and individuals, income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received.

For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. 

I’ve decided this is a confusion being promulgated by Quickbooks. Since many first time entrepreneurs use Quickbooks before they learn basic accounting, they end up referring to “income” (instead of revenue) and “net income” as “income minus expenses.” Factually true, but confusing, especially when “net income” is often referred to by many as simply “income,” since those same people will refer to “income” as “revenue.”

Confusing? You bet. Whenever I ask “do you mean your bottom line or your revenue” I’m often surprised by which answer I get, including “I’m not sure what you mean.”

Help stop the madness. Call the thing at the top of the P&L “Revenue,” not “Income.”

Rant off.


A few years ago my running coach – Gary Ditsch of Endurance Base Camp – introduced me to the idea of a “double long run.” In this I do the typical weekend long run on a Saturday and then repeat it on Sunday. At first, I hated these, but they’ve grown on me and are now my favorite run.

Today I did a 16 mile run in San Francisco that followed a 14 mile run on Saturday. I did the same run (Market to Embarcadero to the Golden Gate bridge, over, and then back) but added on an extra mile on the bridge today just because I felt like it. I think this is the furthest double long I’ve done (30 miles) – I know I’ve done some in the low to mid 20’s, but I felt like I broke through to a new level today.

I also covered 45 miles this week. This is the first week I’ve done 45 miles in a decade and remarkably it was only on four days of running (I usually run five days a week, sometimes six). I had two early morning flights (to Kansas City on Tuesday, back home on Wednesday) and didn’t run either day. I also had a rest day on Friday. So, I’m closing in on 50 miles a week, which feels great.

I’m gearing up for back to back weekend marathons in October – Newport, Rhode Island on 10/16 and then St. Louis on 10/23. I was a little nervous about my ability to get these done, but my rapid recovery from the Bismarck marathon two weeks ago and the monster week I just did has me feeling good.

For all of you out there supporting my running, especially Amy, thank you!


Marathon #18 – the Kroll’s Diner Bismarck Marathon – has been conquered. My goal was to do it under 5 hours – I finished in 4:54:48. It was a small marathon – I finished #100 (out of 124) marathons, #1 (out of 1) for 45 year olds, but #10 (out of 10) for the 45-49 age group. So I got both first and last place on age, depending how you slice it (kind of like how investment bankers do their league tables.) RunKeeper Live worked remarkably well – Amy, my coach Gary, and whomever wanted to track my progress could in real time – and my iPhone still had 60% of its battery left when I finished.

This was my third marathon this year – the other two were Cincinnati (5:24:45) at the beginning of May and Madison (4:47:27) at the end of May. I had two great months of running over the summer in Europe, with my best month in a decade in Italy. I weighed in a little heavy (213) for this marathon – I’ll blame it on two months of amazing French and Italian food – but felt totally comfortable with the race. If I stay on track for the year, I’ll knock off six marathons, and my upcoming goals are 4:45 for Providence, finish St. Louis (the following week – no time goal), and 4:30 for Philadelphia a month later.

I’ve been to North Dakota once that I can remember – a trip out to Fargo to visit Great Plains Software (before Microsoft bought them). It was in December and brutally cold. Bismarck in September was better (50’s), but it rained all day Friday and during the race on Saturday. We stayed in a very simple hotel that was recommended by the marathon. It was fine, but only one wifi device could be connected at a time (and we had five, so there was plenty of AT&T traffic from our room). The restaurant scene was shopping malls and chains – we ended up having profoundly mediocre meals driven by ordering off of plastic menus.

The flooding resulted in a change to a new course. This course was two loops – starting in a nice little park, looping at St. Mary’s University, with most of the course back and forth on a boring highway with a one mile hill (200 ft.) tossed in the middle. Overall it was a really dull marathon, although the people on the course were incredibly nice and helpful. All the water stops were staffed and they occurred about every mile. There was no food, but one person was handing out Jolly Ranchers so I managed to pick up four of them (ahem – two loops on the same road). The combination of the steady rain and lack of scenery made me very happy I had my iPhone with me. I was powered by Girl Talk, Mumford & Sons, the Decemberists, and Lady Gaga.

My sherpa (Amy) was once again awesome, including taking some great photos which are up on her blog. I love doing marathon trips with her – it’s always such a relief to have her waiting at the finish line for me. We were going to stick around and see Bismarck on Sunday, but after realizing we’d already seen it on Friday and Saturday after the marathon, we decided to head home a day early. Sushi on Pearl Street tonight – and no plastic menus.


I’m running the Kroll’s Diner Bismarck Marathon on Saturday. This will be Marathon #18 in my quest to run one in every state. I’ll be there for a couple of days so I’m open to any restaurant recommendations y’all might have.

I’ve decided to try something different on this marathon. While I always wear a watch, I’ve never tried to instrument myself “real-time” for the race. Until recently, I’ve been using a Garmin 305, but it broke this summer when I was in Europe and I switched to RunKeeper on my iPhone.

I’ve really enjoyed RunKeeper and even started listening to music on some of my runs again since I had my iPhone with me. I signed up for RunKeeper Live and have been broadcasting my runs publicly to anyone who cared, which is primarily Amy.

The marathon starts at 7:30am Central Time on Saturday. I’ll be broadcasting my progress on this link – you should be able to pick it up after I start the race. Since I’ve always been running, I’m not 100% sure how the UI works on the “watching someone” end of things, but would love to hear feedback from anyone who takes a look. Oh – and cheer me on!

I’ll be wearing my Fitbit also (which I love – and am an investor in). It’s fascinating to me the step variance on the different marathons I’ve done – my stride length clearly varies with the shape I’m in and the shape (or hilliness) of the course. I’ll also check and see which is more accurate over 26.2 miles – the Fitbit or RunKeeper.

I might wear my new Nike+ SportWatch GPS, but so far the Nike+ website has been basically unusable due to performance issues so I don’t want to count on it.

Bismarck – see you tomorrow.


To everyone who lost someone close to them on 9/11 – I’m sending you every bit of good karma that I can today. While I was in New York that day, I was lucky and didn’t lose anyone close, but I’ll always remember 9/11 and I think about it every time I’m in New York.

I’ve always had some survivor guilt around 9/11. I had a lot of emotional trauma from it, but everything ended up fine. My survivor guilt is amplified by my own anxieties around the events that lingered for about three months. I’ve never felt these anxieties were warranted on my part, but they were there and I couldn’t deny them.

While I’ve told my story to plenty of friends, maybe by writing it down and getting it out there on this tenth anniversary I’ll both contribute to the memory of loved ones on 9/11 as well as help me (and maybe others) get some closure. There’s a part of this that feels self-indulgent since I wasn’t directly impacted, but there’s another part of me that knows I’m searching for closure on this. So, here’s the story.

I took a red eye from San Francisco to New York on Monday night 9/10. It was something that I was regularly doing at this time as I tried to manage my way through the collapse of the Internet bubble. I landed at LGA at 6am, took a car to The Benjamin hotel where I was staying for the first time (I randomized my hotels back then just to experience different ones), turned off my cell phone and went to sleep. I didn’t have a meeting until 10 so I set the alarm clock in the room for 9:00. I woke up in the normal haze of jet lag to someone on the radio shouting about something going on at the World Trade Center. At first, I thought it was some sort of drive time radio talk show joke, but as I gradually woke up I started processing that something major was happening. I turned on the TV – something I rarely do in hotels – and saw the first tower on fire and the chaos that erupted as a plane crashed in to the second tower. I don’t remember seeing the plane crash, but I do remember seeing the endless plumes of black smoke.

By the time I was mentally functional, it was about 9:10. I turned on my phone to call Amy who I knew was on the road on the way to DIA to catch a flight to New York. Her birthday is 9/14 – she was going to meet me in New York, we were going to hang out for a few days, and then go to Paris for a week of vacation together. I had trouble getting through on my cell phone but somehow managed to get her on the phone around 10:00. She was bawling hysterically – she’d pulled over to the side of the road and was frantically trying to reach me. Since my phone was off, she couldn’t, and her brain had immediately gone to the place that so many peoples did which was “my loved one is on the plane.”

While we were talking, the first tower collapsed. I remember watching it on TV and being unable to continue talking on the phone. Amy asked me what was wrong and I simply couldn’t answer. It was inconceivable to me that the World Trade Center would disappear and – having been in the building a number of times, immediately starting trying to calculate how many people must have been inside.

I finally pulled it together, told Amy to go back home, and we’d figure out what to do once things settled down. I turned on my computer, plugged in the hotel ethernet cable, and connected to the Internet. Amazingly it worked flawlessly even though by this point I couldn’t make a phone call on my cell or the hotel phone. At the time I was using both AOL and Yahoo IM – a bunch of messages popped up from people who knew I was traveling to New York checking to see if I was ok. Email flowed fast and furiously for a little while and as I surfed the net and watched TV from my hotel room in midtown, I got more and more freaked out.

By about 11am I was completely paralyzed. I didn’t really know what to do. By this point both buildings had fallen, four planes had crashed, and there was total chaos on TV as no one had any idea what was really going on. I remember looking out of the hotel window at the beautiful day outside but being afraid to leave my room. All kinds of doomsday thoughts crossed my mind, like “go get a few gallons of bottled water” but I sat, transfixed to the TV, email, and IM hoping someone would say what was happening. I felt safe in my room, but also terrified that I was in the middle of Manhattan – isolated in the middle of one of the largest cities on the planet.

Early in the afternoon I found out via email that my friend Paul Berberian, who was the CEO of Raindance (I was on the board) was in town with Nick Cuccaro, his CFO. Raindance was a public company and they were talking to investors downtown. They were safe and trying to figure out how to get home. We connected by email and decided to meet at my hotel. By this point all the flights were grounded and as I tried to figure out how to get a rental car, it quickly became clear that it would be – at best – really hard to do.

I wrote an email to Jenny Lawton, a close friend who was working with me at Interliant and lived in Greenwich. Jenny offered up her car if we wanted it. By this point it was early afternoon and the news reporting was now in a cycle of redundancy – lots of speculation but no new information. While I was still scared to leave my hotel room, I had this incredible urge to get back to Boulder.

When Paul and Nick showed up, we agreed to go to Jenny’s, get her car, and drive home. Around 5pm we made our way down Park Avenue toward Grand Central Station. There were no cars out, very few people, and an eerie hush had fallen over downtown. The picture in my mind is that it was already twilight and a chill was in the air. I was anxious but when we got to Grand Central it was empty. We figured out which train was going to Greenwich and got on without a ticket. Thirty or so minutes later we got out and jumped into Jenny’s car.

Jenny made us spaghetti for dinner – I can still remember sitting at her dining room table eating the first proper meal of the day. Jenny gave us the keys to her orange SUV (I think it was an Isuzu, but I do remember it was orange) and off we went. The roads were empty and before we knew it we were cruising through Pennsylvania.

All three of us had an overwhelming desire to get home. We each had cell phones and had touched base a few times so our families knew where we were, but none of us had a car charger for a phone so we were protecting our batteries. We stopped at a gas station to fill up on road food – I stayed in the car but to Paul to grab me some fruit stuff. A gobbled down a bag of it before I realized it was “fruit flavor sugar candy” at which point I had to rid out a hard sugar crash in the back seat of the car as Paul and Nick drove through the night.

I remember a lot of very specific things from the trip. We stopped somewhere for breakfast in Iowa at an I-80 roadside restaurant and had an awesome breakfast. There was no useful information on the radio – we just listened to the same speculation over and over again – clearly, no one had any idea what was going on. The sky was a perfect shade of blue. There were no airplanes in the sky and no contrails, which was especially startling in the context of the blue sky. Nebraska is a wide state – we ended up deciding there was an East Nebraska and a West Nebraska. Three guys in a car for 24 hours after a very anxious previous 12 hours makes for a very smelly car. Our capacity for being thankful that we were alive was endless.

As we got entered Colorado we were out of cell phone juice. Nick was obsessed with going by DIA and getting his car, so we ended up adding two hours to our trip at the end. When I finally got home it was dark, but Amy was waiting at the door. We had a very emotional moment, at which point I went and took a shower and then collapsed for a long time.

I didn’t travel again until December. It was the longest stretch of time since college that I’ve been in one place. Some was travel anxiety, some was re-evaluation of the tempo of my life, and some was just plain acceptance of the exhaustion that had been building over the past few years with the corresponding capitulation from a very emotional moment.

As I write these words, it’s incredible to me that this was 10 years ago. The sheer number of specific memories I have amazes me. The emotional feeling around the event continues to be overwhelming to me. While our capacity as humans to deal with, survive, and move on is powerful, this reminds me that there are many things we never forget.

To anyone who lost a loved one on 9/11 – my heart goes out to you. I know how hard this was for me, and as you can see from my story, I was simply a visitor in the city for a brief time in which this heinous event occurred. I’m thinking of you today, and sending you my love.


A few months ago Suzy Kendrick of CanvasPop reached out to me after I wrote a blog post titled What’s Your Product Cadence. She had some comments relevant to her business and offered to put together a Twitter word cloud print for @FoundryGroup.

It came out great and is now hanging in our office. The CanvasPop team was super to deal with – they offered us the first print for free. It was nice but after staring at it we wanted to tweak it a little. I offered to pay for this one (they didn’t ask – but it was the right thing for us to do) and they did an excellent job of making the changes we wanted.

Even though Amy and I are huge art collectors, this is the first time I’ve ever done a piece of personalized corporate art. CanvasPop totally nailed it for us and gave us something that we could finally use as our entry way sign.

If you are interested in something like this, drop an email to Chris – the Corporate Art Guru at CanvasPop. Suzy – thanks for reaching out!


Over the weekend I read Running on Empty: An Ultramarathoner’s Story of Love, Loss, and a Record-Setting Run Across America written by Marshall Ulrich. Ulrich is one of the most amazing ultra-distance runners in the history of man and turns out to be a great story teller as well. I founding his book to be riveting and subsequently downloaded the movie about the run across America that he did called Running America 08.

The movie was dynamite. The run across America took place between September 2008 and finished (coincidentally) on November 4th, 2008. There were three stories woven together in the movie: (1) Marshall’s success effort to run across America, (2) Charlie Engle’s unsuccessful effort, and (3) a backdrop of interviews with American’s all across the country during the time of the run.

In Marshall’s book, there was plenty of discussion about the original partnership between Marshall and Charlie which led to the join effort to run across America in world record time. However, Charlie stopped a third of the way through due to injuries and some drama ensued, which wasn’t covered in the movie but was reasonably well explained in the book. All of this just added to the remarkable feat of accomplishment by Marshall Ulrich.

I’ve been running a lot in Europe this summer and am starting to feel another level of base building. My friend, and CEO of SendGrid Jim Franklin did the Leadville 100 this weekend and another friend just asked if I want to do a 50 miler with her in the spring of 2012. I’m also thinking about spending a month running the Colorado Trail next summer. First up however are four marathons in September and October.

I love running and reading about amazing running accomplishments. It’s even more inspiring to realize that I’m not washed up at 45 as many of the great ultra-runners are cranking well into their 50’s and 60’s.


Amy and I collect contemporary art. We often make friends with the artists who we collect. Occasionally people who are our friends become artists. Jessica Schallock fits into this category

We’ve been friends with Jessica for a decade. Her family lives next door to us in Homer, Alaska and we’ve known Jessica since she was 12. We’ve watched, with much joy, as she’s grown into an amazingly talented young women.

One of those talents is art. Every year she gives us a drawing as a gift. It’s been amazingly fun to watch her get better at drawing, as she turns it from a childhood hobby to a profession. She’s currently experimenting with of realistic portions of a face that blend into “unfinished” sketch-like outlines.

The piece in this post is called James and is 16 1/2″ x 20″, graphite on Bristol board. Jessica is looking for a gallery to work with along with people that are interested in her work. If you are interested, please email me and I’ll put y’all in touch.