Brad Feld

Category: Things I Like

I’m in my car on the way to Aspen for the weekend (Amy is driving – I’m in the passenger seat.). The top is down. It’s absolutely beautiful on I-70 as we travel at a high rate of speed. And I’m sitting here blogging on my iPad.

There is no way to describe this as anything other than magic. I’m in an extremely creative zone of my life and trying to spend as much time as I can working on stuff I really care about. I love the entrepreneurs I work with, my partners are extraordinary, the team that supports us is dynamite, and because of magic technology I have an enormous amount of time and space freedom.

I’m as busy as I’ve ever been, but I’m finding that I can be even more effective now that I’m detached from physically having to be places in order to interact and communicate. Sure – I still have lots of face to face activities and interactions, but I’m starting (finally) to be more focused with it, especially on things and with people I really want to be with.

As I sit here writing this, I realize that I couldn’t have worked this way a decade ago. When I think of what the next decade is going to be like, I get chills of excitement.

I love magic technology. Thank you to all the awesome people out there helping create it!


My friend Krista Marks (now at Disney – which acquired her first company – Kerpoof) sent me a copy of the graduation speech she gave at the University of South Carolina College of Engineering and Computing on May 8th. Krista graduated 21 years ago and her speech embodies the amazing wisdom she’d gained over the years. I asked her if I could reprint it here – it’s applicable to any engineer or future entrepreneur, not just recent college graduates. Enjoy and be inspired! *

Twenty-one years ago I sat exactly where you sit today. In 1989, I graduated with degree in Electrical Engineering from the USC. Since then, I am proud to share that I have accomplished some extraordinary things. I have helped develop a highly effective treatment for cancer – designing custom electronics for true 3D radiotherapy. I have helped further our understanding of the physical universe by developing state of art data acquisition systems for high-energy physics experiments. Most recently, I was the CEO and co-founder of an Internet Startup – called Kerpoof – an unrivalled platform for creative software for kids – a company that was bought after 2.5 years by The Walt Disney Company.

But here is the truth. If you had told me 21 years ago that – that this would be so – that I would have such a career and such and impact – I would not have believed you. At 22, I felt uncertain about what was next – what it would actually mean to work as an engineer.

Today I’m going to share with you three things that I wish someone had shared with me then – three things that I have learned to be true.

The first is to learn from your success.

There is a belief that failure is somehow good – somehow beneficial. You hear people say, failure builds character, or fail early fail often. This is not only wrong – it is dangerous. What you learn from failure is limited at best – you learn what didn’t work. It tells nothing of what will. In contrast, what you learn from success is how to succeed. This is infinitely more valuable.

A perfect example is the success you celebrate today. How many people do you know who started with you, but aren’t sitting next to you today? How often did you have a friend or roommate who would moan and whine at the one or two times during the semester that they actually had to work hard, long hours – knowing that as an Engineer this was your daily reality? This is significant.

In fact, you now know one thing for certain. You know that with talent and determination and hard work, you can accomplish what few others can. You succeeded. In the future, taking on truly hard things – things that seem impossible – you will not be in uncharted waters. On the contrary, you will build more success.

That’s key. Success breeds success. It is not a question of whether you will achieve more success. The question is what it will look like.

The second that I know to be true is build value.

There are many many ways to create value using an Engineering degree.

Let me just tell you a story about my Grandfather and how engineering helped to fix his knees. You would be forgiven if didn’t immediately make the connection, since what actually fixed his knees was an injection.

My Grandfather has always had a hunger to learn, a passion and zest for life. He is spry, vibrant, and alive, and makes others feel the same. At 88, he received what was for him was terrible news. His knees were failing, and he would probably in a short time be limping at best or needing a wheel chair at worse. When he exclaimed that this couldn’t be, his doctor was pretty unmoved. “He was 88, for goodness sake.” “What did he expect?” My Grandfather was frustrated and sad. He went home and started searching on the Internet. Maybe someone else knew something his doctor didn’t. And in probing around, he found a clinical trial that was showing promising results. It involved shooting an experimental drug in his knees, over a period of time. He immediately ran to his doctor and together they figured out how to get him in the trial. Today he is 93 and still walking.

I first thought about this connection when my Mother out of the blue said to me, “don’t you ever wish you made a difference in the world?” At the time, I was leading a team designing 10G interfaces for routers and switches – a technology that is enables what we today view as high-speed Internet. I thought about how only a short time ago, prior to the Internet, my Grandfather simply wouldn’t have had access to this information. That it was my work that at least partly what made his story possible – what made his life better.

That, in fact, more broadly it was entirely because of engineers – that in our life time we have seen the democratization of information – a revolution only rivaled in impact by the printing press.

I suddenly realized that I didn’t only make a difference; I was part of a profession that by its very nature makes a differences. A profession that at its core is about building value – from iPads, to Electric cars, Google, MRI machines – this list just goes on and on.

So my advice here is simple – keep being an engineer – keep building value. In doing so you will not only make a difference, but you will have the kind of satisfaction that can only come from doing truly valuable work. And you will find that this kind of satisfaction will far outweigh any of the other benefits that may come from your career.

The third thing I know to be true is to follow your heart.

Often this means doing what is hard. Choosing a path not because it is easy, but despite that the fact that it is very difficult.

I know this well. Since I was 22, I have dreamed of being an entrepreneur – of creating and leading my own company. This is what my father did, and probably to a degree some of my dream is linked to my admiration for him and what he has accomplished.

Regardless, for years it was no more than a dream. I was simply not brave enough to pursue it. I had good jobs that just kept getting better. I was building great value, being rewarded with promotions, and high pay. Why would I leave? Why would I risk failure, when I already had what most people viewed as success?

Well, when I was 37, three things happened.  First, I read Guy Kawasaki’s, “Art of the Start” – an inspiring guide to becoming an entrepreneur. The thing that hit me the hardest was that he said the ideal time – the peak time – to be an entrepreneur was between age 28 and 38. I was about to turn 38. I was about to miss the optimal window.

Second, I met Jerry Fiddler on a ski trip with mutual friends. Jerry is an engineer and an uber entrepreneur – an entrepreneur who, among other things, grew a software start-up in his garage to a multi- billion business. But it wasn’t just meeting Jerry. It was that after getting to know me, he said, not just that I would be a great entrepreneur, but that I would be a great entrepreneur and CEO. And it seemed liked he believed it.

Third – and most significantly – I knew three extraordinary engineers who wanted to create a company too. And together we founded Kerpoof. We wanted to succeed, but we didn’t just want to succeed. We first wanted to build value – we believed if we did that the rest would come. We had a vision to transform the computer for kids – to ensure that it wasn’t just a dumb box and extension of the TV – but a powerful platform for creative expression and design.

I have never worked as hard as I did for Kerpoof. And I’ve never been happier.

Follow your heart. And like all great loves, you’ll know when you find it.

And don’t worry if you don’t find it right away. Because here’s another myth – the myth that life is short. Or maybe it is true for some people, but not for you. I don’t even have to know you, just the fact that you sit before me today, tells me with 100% certainty that you will do many things.

And if you are lucky, your life will sometimes be messy, confusing, and downright terrifying. It might lead you down surprising paths – paths that cause others to think you’re crazy. But I promise you this, if you keep learning from your success – if you always seek to build value – and if follow your heart, your life will not only be long, it will be rich, satisfying, and deeply rewarding.

Thank you.

* Krista asked me to include two additional acknowledgements. The first is that when she wrote the speech, she was reading “Rework”, and loved the idea that it is infinitely more powerful to succeed than fail. Second, she watched Steve Jobs give a commencement at Standford, and he said “follow your heart, and like all great loves you’ll know when you find it” which she thought was awesome.


I’m spending some time in Europe (Paris and Tuscany) this summer and trying to figure out the best cell phone approach for me and Amy. We are both iPhone users – me on AT&T and her on Verizon. In both cases, the “use your US iPhone in Europe” seems like a total fail on pricing so we are looking for other options. I’m also a Google Voice user (that’s my main phone number) so I’ve got more flexibility than she does. In both cases, we care about voice, data, and SMS, but don’t have to have an iPhone (e.g. Apps are nice to have but not critical).

Basically, I’m looking for solutions for three different approaches:

1. US iPhone user who uses her cell phone number as her primary phone number.

2. US iPhone user who has Google voice as his primary phone number.

3. US iPhone users who doesn’t care about the primary phone number.

Suggestions?


In the last month I’ve had the chance to make about 50 new friends. I’ve suddenly become very popular with investment bankers and have been on the receiving end of over 50 emails that look something like the following:

“We met once a long time ago when I was with firm X. I’m now at firm Y. We are the blah blah blah best at blah blah most successful blah blah tied into blah blah working with blah blah blah connected with blah blah blah. Congrats on all the success at Company W. We are very interested in talking to them about blah blah strategic blah blah – can you introduce us to high-profile-CEO.”

At first I felt compelled to respond as part of my “answer every email and try to at least be polite / responsive to everyone” approach to life. After a few days, I started getting annoyed when I realized I was simply viewed as a conduit to an introduction. When I saw a few similar emails to my co-investors in at least one company, I realized that there was a complete lack of sincerity in many of these emails – it was no different than a random salesman emailing me asking if I wanted to buy a random widget.

Now, I have several good friends who are investment bankers and we have a handful of trusted ibanking relationships and folks who are our go-to ibankers. These are people who have developed a long standing relationship with me and my partners, have worked with us in good times and bad, and have always been reasonable and thoughtful about their fees, especially in situations that didn’t work out.

It amazes me that 50+ people could suddenly come out of the woodwork in an effort to “build a new relationship that’s not really a relationship” thinking it would give them an opportunity, or even an advantage, in the context of a set of hot companies.

When I think about the relationships I’ve developed, whether it be with investment bankers, LPs, co-investors, or anyone else, they evolve over a period of time. They don’t require boondoggles or fancy things; they require sincerity and substantive interaction over a long period of time. Then, when there are moments of opportunity, these are the people that I go to (and hopefully who come to me.)

There suddenly seem to be an abundance of “transaction relationships” out there. Entrepreneurs beware.


Confidence restored. After a shitty marathon #16 in Cincinnati a month ago (5:24) I cranked out marathon #17 in Madison in 4:47:27. I dedicate this particular effort to my co-runner TA McCann and my sherpas Amy Batchelor and Jessica Schallock.

madisonmarathon

For the first 20 miles the weather was perfect. Cloudy and 60-ish. TA lived in Madison for several summers in college when he was a mega-swimming stud so he kept me entertained with tails of training for five hours a day, every day, in a pool, over and over again – which made running a marathon seem relatively straightforward.

The first five miles were beautiful as we ran through the Arboretum. It’s a great way to start a city race – quiet, mellow, and loads of oxygen everywhere. There were only 1600 marathoners to they spread out quickly and TA and I felt like we were on a nice long run with water stops every mile or two. We went through the half at 2:20 and it occurred to me that we were halfway done and I was feeling better than most other marathons. I didn’t really notice our time again until when I looked at my watch at 3:12. By 20 miles it was pretty clear that we had 5 hours beaten and 4:45 was in striking distance.

The rain started at mile 20. So did the bicycles – there was a long stretch along Lake Monona on a running / bike path which was the only frustrating part of the race. Usually during a marathon the running / bike paths are closed to cyclists; this time they weren’t. And the rain just made it a total mess. So for about three miles we just hammered on, cold, wet, and mildly annoyed by the bikes.

At about mile 23 the 4:45 pace guy passed us once and for all. Now we were on the hunt for 4:50 which ended up being no problem. As we ran the last mile up a nasty hill to the Capitol we were both out of gas, but the end was in sight so like every good marathoner we just ground it out.

I’m now confident that I can do a marathon every four weeks. I wonder if I can do one every other week.


Today Google announced that they had now raised the limit on number of contacts to 25,000 (from 10,000) for all Gmail users (including Google Apps users.)  Boom – done – deployed for everyone – and announced in a short and to the point blog post.

70 days ago I wrote a post titled Dear Google, I Have More Than 10,000 Contacts where I bitched loudly about this problem. I have about 6400 actual contact records and the other 3600 had been autofilled by Google’s magic “create a new contact record whenever you respond to someone” feature. This is a great feature as I get 100+ emails a day from people I’ve never communicated with before who I respond to. Suddenly, I couldn’t add any new contacts at all.

Impressively, Google Entreprise Support responded immediately to me. I learned that this issue was high on the priority list and being worked on. Several weeks ago, I was contacted again and let into (under NDA) an early adopter program to test out the new feature. Magically my contact limit was raised and everything worked as planned. And then today they rolled it out to every single Gmail user. Wow.

While I’m psyched with the feature, I’m really impressed how Google handles stuff like this. No one at Google was defensive about the issue – they just addressed it directly. No one said “we don’t support that” – they said “we are working on it.” No one made a big deal about it – they just did it, tested it, and rolled it out. For everyone.

Well done Google.


It wasn’t pretty, but I got it done. Marathon #16 was the Cincinnati Flying Pig and was the first marathon I’ve done in over a year. My march toward a marathon in every state continues. I’m not entirely sure what I’m doing in the photo below, but the medal proves I finished the marathon.

Flying Pig Marathon

I’ve had a good month of training and expected I’d break five hours. My goal was to do 11:30’s for the first half and then pick it up for the second half and come in between 4:50 and 5:00.

Things started off pretty crummy. There was a light rain and I had trouble getting warmed up during the first few miles. I had a fierce headache and seriously considered dropping out around mile 5. I took my hat off to wipe my hair back and my headache miraculously disappeared. I looked inside the hat and realized the fabric had bunched up from the rain (it was a new baseball cap) and was pressing on my right temple. I ditched the hat and immediately felt better.

Miles 6 to 9 were a solid uphill climb. I like hills so it didn’t bother me much but at some point I felt like I was in an Escher print. I sped up a little in mile 10 but forced myself to slow down to stay on plan.

My plan worked fine for the first 13 miles and I went through the half way point at 2:33. I tried to pick it up a gear but had nothing in my legs. Aerobically I was fine – my heart rate never got above 160 – but my legs were just dead. Miles 14 to 20 basically sucked. I just slogged through them at a 12 to 13:30 pace. I had input / output problems by this point – I ended up with seven pee breaks along the course. I don’t really remember much of the last six miles, although by 24 I knew I had it in the bag and somehow managed to speed up a little.

I finished in 5:24:45 – a very slow marathon for me. But I crossed the finish line which is all I was really focused on.

Amy and I had a fun weekend in Cincinnati. The Flying Pig is a big festival so there was plenty of great marathon energy around town. My coach Gary Ditsch came up to see me run and we had dinner the night before with him and his wife Nikki. I had ice cream at Graeter’s every night, stayed in the classic Hilton Netherland, had Skyline Chili, and watched Atlas Shrugged in the old style Empire Theater. While the marathon was a struggle and I eventually got tired of the pig puns, our adventure across America continued with a satisfying and successful weekend in Cincinnati.


I’ve had a number of interesting conversions about the intersection of the virtual and the physical world since I wrote the post Did Someone Ruin Foursquare For Me Yesterday? Kashmir Hill in Forbes did a quick email interview with me titled Venture Capitalist Gets Creeped Out by Foursquare which captured a few new thoughts and I spent some time the other night at a TechStars Mentor dinner talking with Alex Rainert, the head of product for Foursquare, who had spent some time digging into this issue to try to figure out what was going on.

When I reflect on this, it’s clearly a “me problem” and not a “Foursquare problem.” Specifically, I’ve been chaotic and much too promiscuous with regard to my social graph. I don’t have a clear rule set about who I accept as friends on different services (I pretty much accept everyone) and as a result don’t have much control over what I broadcast. When I reflect on this, I also realize that it has rendered services like Facebook and LinkedIn largely useless to me as an information consumption mechanism.

Given my social network promiscuity I realize that I’ve fallen into a broadcast-only trap. Basically, I’m broadcasting on all the various services I use, but not consuming much new information, except on Twitter. When I extend this to my overall information consumption pattern, I realize that a lot of signal is once again getting lost in the noise, especially around the RSS feeds that I try to read regularly versus the endless amount of web media that is now distributed by RSS.

Toss in Quora, Stack Exchange, Disqus, and a few other high signal services into the mix and my approach has broken down. While I’m still able to manage my email, I’m struggling to get the right kind of utility out of my social graph.

As a result, I’ve decided to make one of my Q2P1s to rethink and re-architect my entire social graph. While this will require lots of effort, my expectation is that I’ll get two clear benefits out of this. First, I’ll reset how I use my social graph. But more importantly, I’ll get a better handle on the dynamics – and gaps – that exist in using and managing a very active social graph. Once again, I get to use my corner of the universe as a laboratory and hope to find some new important technologies and companies as a result. And I’ll blog the experience so you can help me figure it out while learning from what I do.


We’ve decided to implement a new phone system in our office. When I posted about our search for our video conferencing system, we got a ton a great feedback so I’m once again looking for your help.

We’ve been using an older version of Cisco’s Call Manager (VoIP based) that we’ve had for the past decade. While it has worked flawlessly and has a ton of bells and whistles, we simply do not use them. Occasionally someone will transfer a call and that’s about it. Call Manager is currently fed by two T1’s that flex between voice and data. We have a total about about 20 phones in the office.

Our goal is to rip all of this out (including the T1s) and replace it with something much simpler that has low to no incremental cost beyond whatever hardware we buy up front. We’re currently considering two different possibilites, one were we have no phones at all and everyone uses cell phones and a second where we continue to have a physical phone (or just a headset) and use cell phones as a backup.

Scenario #2 is where we’re looking for input.  We are looking for a system that would involve no hardware at the office (save for possibly having phones/headsets on the desks) and that would not require dedicated T1’s as we want to use our existing Comcast line for this.

We’ve so far spent time exploring Google Voice but have had too many complaints of unacceptable voice quality for it to be a viable solution today.  While Skype is another possible solution we have existing numbers that would need to be ported (or at least forwarded in some way) so Skype doesn’t feel like a great option either.

Thoughts or suggestions?