Tag: book
My close friend Ben Casnocha and Reid Hoffman’s new book The Start-Up of You is officially out. And – it’s #1 on Amazon. Not just in some obscure category like Business & Investing: Small Business & Entrepreneurship: Entrepreneurship, but #1 in all books on Amazon. That’s awesomely cool. And well deserved.
I met Ben about a decade ago. He came to Mobius with his dad to talk about his company Comcate. I think he was 14 or so at the time. I fell in love with him in the first meeting and have been a friend of his ever since. He’s been involved in many things that I’ve worked on, including being an early TechStars mentor and we generally get together for a few days (with my wife Amy) every year or so. It’s been a blast to be part of Ben’s transition from precocious young high school entrepreneur to best selling author (and I expect – after Sunday’s New York Times comes out, a NY Times Bestselling author.)
While I’ve known Reid for a shorter period of time, we’ve spent a fair amount of time together over the past four years as fellow board members at Zynga. A few years ago Reid asked me what I knew about Ben. They’d been hooked up and were talking about doing a book together. When Reid described what he was talking to Ben about, without hesitation I said “Ben’s your guy – you’ll love working with him and he’ll do an awesome job.”
The Start-Up of You is the result of their collaboration. If you haven’t bought it yet, go buy it now – it’s excellent and highly relevant to every human on the planet.
I gave a talk titled “Resistance Is Futile” yesterday in Park City at the annual meeting for one of our LPs. This is a version of a talk I’ve given several times, starting at Defrag last fall. The slides don’t change, but I make up the talk each time and tune it to the audience.
When I got to the slide titled Science Fiction Is Becoming Science Fact I went off on a version of my rant about the importance of reading, watching, and thinking about science fiction. I always use Oblong and co-founder John Underkoffler’s work as an example here since they have created a company around the iconic science fiction future that John envisioned for the movie Minority Report.
But then I mentioned a book I’d just read called Avogadro Corp. While it’s obviously a play on words with Google, it’s a tremendous book that a number of friends had recommended to me. In the vein of Daniel Suarez’s great books Daemon and Freedom (TM), it is science fiction that has a five year aperture – describing issues, in solid technical detail, that we are dealing with today that will impact us by 2015, if not sooner.
There are very few people who appreciate how quickly this is accelerating. The combination of software, the Internet, and the machines is completely transforming society and the human experience as we know it. As I stood overlooking Park City from the patio of a magnificent hotel, I thought that we really don’t have any idea what things are going to be like in twenty years. And that excites me to no end while simultaneously blowing my mind.
I’m spending the day tomorrow at the Silicon Flatirons Digital Broadband Migration Conference. This year’s theme is “The Challenges of Internet Law and Governance.” And, as we recently discovered with SOPA, PIPA, and now ACTA there are huge disconnects between government, lawyers, incumbents, and innovators. I’m on one panel which I’ll make sure is spicy – I hope others really get into the issues this year. There will be a live stream of the event on UStream (which is awesome – imagine the effort to do that 20 years ago) so you can watch it in real time if you want.
Every single person there needs to read Avogadro Corp, Daemon, and Freedom (TM). My guess is very few have. And that’s a problem for them, but not for the machines.
I’m working on a book with Mahendra Ramsinghani called “Startup Boards” where we are trying to provide clear best practices for how the boards of startup companies should work. You may recognize Mahendra’s name – he wrote The Business of Venture Capital which I reviewed recently.
This book is part of my continuous effort to dramatically improve startup company boards. I’ve been on hundreds of boards and have been to thousands (or tens of thousands) of board meetings and way too many of them are bored meetings instead of productive sessions consisting of the leaders, owners, and board members for a company.
Give us a hand and take 5 to 10 minutes to fill out our survey on Startup Boards. It can be anonymous or include you name and email if you are willing to be interviewed in more depth.
My mom and dad have a wonderful gift coming to them this week. Yesterday evening I read The Beautiful Bronx 1920-1950 and The Bronx: It Was Only Yesterday, 1935-1965. Well – I mostly looked at the pictures and read the descriptions of the pictures, as that was the meat of each book, but the intro sections were also very cool.
My parents were each born in the Bronx and lived there until they moved to Blytheville, Arkansas in 1965 for a year. Growing up, my brother Daniel and I visited the Bronx periodically, as that’s where our grandparents lived (until my dad’s parents moved to Ft. Lauderdale) and we often heard tales of their time growing up in the Bronx.
I discovered these books a few weeks ago at my close friend Len Fassler’s house. Len is key mentor of mine who has had a profound influence on me both personally and professionally. I was scanning his bookshelves during a break in the evening and noticed these two books. He noticed me noticing them and told me to borrow them. Instead, I emailed myself their names and bought them later that night on Amazon.
They are beautiful books about a different time in America. The Bronx was growing fast during the time period and was a magical place to live. It was close enough to Manhattan to get to use the New York, NY mailing address, yet far enough away to be its own place. It has huge ethnic diversity that was integrated in many ways, but also organized around the notion of neighborhoods. I recognized some of the street names, neighborhoods, and buildings from conversations with my parents and the few times that I’ve been through the Bronx in recent years. But mostly I just tried to transport myself back to a different time in our country.
I’ve encouraged my dad to write more about his childhood in the Bronx on his blog. He’s written a few, like Punch Ball In Claremont Park, The Bronx (NY) 1945-1953, Jake the Pickle Man, Summer of ’47, and StrikeOuts: A New York City Street Game. But he’s got a ton more in him so I hope these books inspire him.
Mom / Dad – the books are in the mail – you should have them this week!
In the fall of 2010 Mahendra Ramsinghani reached out to me by email about a new book he was working on called The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies. He asked for two things: (1) some of my time for him to interview me and (2) intros to other VCs and LPs. I made a pile of intros and didn’t think much more of it.
A few months later Mahendra send me and my partner Seth Levine an early draft of the book. We each gave him a bunch of feedback. I was deep into writing Venture Deals: Be Smarter Than Your Lawyer and VC with one of my other partners – Jason Mendelson – and it was neat to see how Mahendra’s book complimented ours. I also appreciated how much work a book like this was and tried to give substantive feedback.
In June 2011 Mahendra sent me and Seth a final draft of the book. I read through it and thought it was really good. When the book came out in October Mahendra sent us final copies. I turned the pages, smiled, and then went about my business.
I finally met Mahendra in Ann Arbor when Jason and I spent the day there in November, prompting my post College Is Like A Sandbox. Manendra and I spent some time talking about an idea he had for a new book and I agreed to help him with it (more on that later this week in another post.) In the mean time when I got home I dug up The Business of Venture Capital, put in on the top of my infinite pile of books to read, and figured I’d get to it soon enough.
If you are interested in becoming a VC, are a junior VC, an associate, a principal, or even a partner who is relatively inexperienced, this book is aimed directly at you. If you are an angel investor working with VCs, this book is for you. If you are an entrepreneur who wants to know a lot more about venture capital, this book is for you. It’s thorough, covers all aspects of the venture capital business, has many interviews and pithy quotes and thoughts from a wide range of experienced VCs who were interviewed by Mahendra, and is incredibly readable for a 350 page book about “venture capital.”
My review of it is really simple: “I wish I had this book in 1994 when I made my first angel investment, and then again in 1996 when I made my first VC investment. Wow – it would have saved me a lot of time, energy, confusion, and grief.”
The book is expensive, but if you are a VC, you can afford it. It’ll pay for itself many times over.
I’m heading out for my first run of 2012 and plan to do exactly the same run I’ve done the last two days. This is a training style my coach Gary calls a “double long weekend” where I do identical back to back runs with the goal of having the second one be stronger than the first. Today I’m doing my first “triple long weekend” ever where I do three in a row and depending on how I feel tomorrow I might do it again because I love this particular run.
Last night while the world was celebrating New Years Eve, Amy and I spent the evening doing one of our favorite things that we do together. I read a book and she knitted. Sometimes she reads, sometimes she knits, but we always play footsie while we just hang out quietly together, listen to some mellow music, pet our dogs, and relax together.
I read Robin Harvie’s The Lure of Long Distances: Why We Run. I think I have four copies of this – I bought it for myself on my Kindle, Amy gave me a copy for my birthday, and two other friends gave me copies of it. I started it in the bathtub yesterday just before dinner time (after my run) and finished it around 9pm mountain (so well before New Years Eve New York time).
If you are a runner of any distance, you’ll enjoy this book. It’s part biography (of Harvie’s running, including his effort to run what is known as the world’s hardest run – the Spartathlon), history of long distance running, storytelling about great runners, travelogue, and philosophical treatise. Some of the sections were dull – I just skimmed them – but everything about running, especially Harvie’s very personal introspection, was fascinating, inspiring, exciting, scary, and often easy to relate to.
As I begin 2012, I find my long distance running becoming an even more important part of my life than it has been. I love to run alone, with no music, and just experience the running. I much prefer trail running to street running but I do plenty of both. I still track my data and use it to guide my effort, but I find I care much less about my times and more about how I feel. I used to be satisfied with five hours a week of running – I’m now finding that I’m hungry for more like eight to ten and feel this amount increasing.
Combining my running with travel, work, writing, reading, being with Amy, and all the other things I do is hard. The travel has made it especially challenging and I’ve decided that I’m going to try some things differently this year, both around my travel and my running. One chronic mistake I make when travelling is breaking my routine and starting my “work day” too early. At home, I usually have from 5am to 9am to do my own thing, which includes a run. On the road, I’m often at a breakfast meeting by 7am. No more – I’m going to start my “on the road days” at 9am, no matter what’s going on. I’m also going to use the time to explore the cities I’m in – I love to run in cities as they are waking up, even in the dark.
It’s light outside and the trail beckons. I’m off to complete segment #3 of this weekend’s triple long. See ya.
I’ve generally ignored the mainstream media during the original US financial crisis and the more recent European financial crisis. My lack of interest in mainstream media (TV, newspaper, and magazines) – especially about non-tech related stuff – is well known. The last domino to fall was when I finally stopped listening to NPR a few years ago. I view the signal to noise ratio as terrible, I don’t believe most of the information, I often think the people talking have no clue what they are talking about, and as many things unfold in real time, the people involved have no idea what’s actually going on. Oh – and it’s part of the macro that – while it certainly impacts me, doesn’t directly affect me, nor is there anything I can do about it. So I ignore it and instead focus on things I can make an impact on.
But I like to read and learn from history. There are a number of writers who I think do a magnificent job of writing in different areas – for example Walter Issacson on Biography and Michael Lewis on Financial History. So I was excited when Lewis’ new book, Boomerang: Travels in the New Third World, came out about the European financial crisis. I read it last night after we had dinner with some good friends who we hadn’t seen in a while.
It was awesome and kept me up well past my normal bedtime. Lewis writes like a novelist so his story completely sucks you in. In the case of Boomerang, he added in a travelogue component and went to each of the countries he wrote about. The book starts in Dallas, takes us to Iceland, to Greece, to Ireland, to Germany, and finally back to the California. Lewis covers both what happened, what’s happening, what could happen, and why in a book that gave me more history, context, facts, and personalities than watching hundreds of hours of CNN, CNBC, Bloomberg or reading the Wall Street Journal and New York Times daily could have. And I trust his synthesis – it feels very agenda-less and is written clearly from his point of view.
If you want to understand what is going on in Europe, especially Greece, Ireland, and Germany, how it happened, why it matters, and where it might go, read this book. And if you just are curious and want a good “real life is better than fiction” kind of read, you can get that also from Boomerang.
Saturday’s book was Hostage: London by Geoffrey Household. Actually, it was Thursday, Friday, and Saturday’s.
Normally I’d knock off a 240 page Crime Thriller in an evening. But this one was different. It was written in 1978, set in London, and written by a British writer. The writing style was very 1970’s British, the geography was unknown to me, the politics were bizarre and confusing, and the character development took about 80 pages before I actually understood who was doing what to whom. It was also entirely written in diary format which I generally dislike in fiction, although I realize the irony of that since blogs are essentially diaries.
I stopped twice. Once at about 60 pages and one around 120 pages. The first time I stopped I thought about bailing – I have no trouble putting down a book if I’m not interested in it. But in this case I was intrigued at a meta-level – I wanted to understand why this book was so hard for me. Someone I met with on one of my random days recently recommended it and actually gave it to me along with another Geoffrey Household book. I wrote the books down, gave them back, and then bought them on Amazon. So I was determined to figure out why my random day friend liked these books and thought I’d like them.
The second half of the book was great. Once I figured out what was going on, it moved quickly, like a Crime Thriller should. I finished it Saturday afternoon after my run, lying on the couch, with the sound of football and Amy screaming at the television downstairs telling the coaches and the quarterbacks what they should do instead of whatever they were doing.
I’ve got one more Geoffrey Household book in my pile of physical books that I’m reading while I’m here in Keystone for the holidays. Hopefully I get through the next one in a single night and everything will be back to normal in my world.
Tonight’s book was Everything Is Obvious* which was cleverly subtitled *Once You Know The Answer with a special bonus subtitle How Common Sense Fails Us by Duncan Watts. And yes – for those of you keeping track at home, I didn’t read a book last night; I was working on mine instead.
I enjoyed this book. As I was reading it, I kept coming up with alternate titles like Everything is Bullshit, The Macro is Irrelevant, Humans Don’t Reason Well, Common Sense Fucks Us Up, Predictions are Useless, and Attributing Things To Abstract Collections of Stuff Like Crowds, Markets, Companies, etc. is Stupid.
Watts is a professor of sociology at Columbia University and a principal research scientist at Yahoo! Research. For those of you who think social science is garbage, he’s also a real scientist with a PhD in theoretical and applied mechanics. Basically, he’s a smart, well educated dude who has strong reasoning skills and is an excellent writer.
This book reinforced several deeply held beliefs that I have:
- The macro doesn’t matter in the long run.
- Predictions are irrelevant.
- Most people don’t understand what they are doing or why they are doing it.
- Anything can be explained in hindsight, and the explanation is often wrong.
- The media introduces massive bias into most phenomenon so ignore the media if you really want to understand something.
- Trying things, measuring everything, and iterating aggressively is the best way to figure out what works.
There are probably others. Watts beautifully takes apart a bunch of stories that are viewed as either “common sense”, “conventional wisdom”, or “counter-intuitive truths.” It’s a beautiful thing to read him dissect the popularity of the Mona Lisa and Shakespeare in the same book that he explains why some of the nonsensical assertions of Malcolm Gladwell that are repeated as gospel (including the hilariously stupid Paul Revere / William Dawes analysis), followed by an explanation of the faulty reasoning around the spread of SARS.
The second half of the book is where the good stuff is. Part 1 is “Common Sense” and sets the stage by explaining how as humans we regularly misinterpret what’s going on for a variety of reasons, including our belief about what common sense is and how it works. Part 2 is “Uncommon Sense” and for those of you searching for tools on how to deal with the world more effectively, there is plenty of chocolately goodness here.
I have no idea how much of Watts analysis is actually correct, but his assertions about what blinds us, causes us to make crummy decisions, and results in us believing things we can’t possibly understand sang to me.