Tag: book
Several people recommended Ray Dalio’s book Principles to me. I read it a few days ago and thought it was spectacular. I’ve gone out and bought a copy for each of my partners and I recommend that every VC, as well as anyone who is building an organization of any kind, buy and read it.
Dalio is famous for his extremely successful firm Bridgewater Associates which is known for its goal of achieving excellence in their work and their relationships through radical truth and radical transparency. The TED Talk below is a good summary, but the book is worth reading in total.
As a bonus, watch Dalio’s great explanation of How the Economic Machine Works.
As I get older, I’m reflecting more on the last 30 years of what has worked for me – and what hasn’t worked – as I codify my own business philosophy around the idea of #GiveFirst. As part of that, it’s a treat to soak in books like Dalio’s, as it stimulates a lot of thoughts around this.
Book: The Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of Living
This book was a delight. I started reading it earlier this year, caught up quickly (I started in July), and then mostly read a page each day when I was in the bathroom in the morning. I let it unfold slowly, reading the daily quote and Ryan Holiday’s (and Stephen Hanselman’s) thoughts on the quote, and then rereading the quote.
I was near the end so I finished it off last night. I smiled when after I read the December 31 meditation.
Stoicism is fascinating to me. While I don’t categorize myself as anything and try to resist being put in boxes, I like to take elements of different philosophies, religions, approaches, and styles and weave them into the fabric of me. As I was reading The Daily Stoic I found many ideas that spoke to me.
I’ve known Ryan from a distance for a while. We ended up at a dinner together at either SXSW or CES a number of years together and I remember an interesting and engaged conversation. For a while, I subscribed to his monthly Reading List email but in a fit of unsubscribing from everything, I unsubscribed.
I just re-subscribed.
Several times a year, I send a book (or two) to all the CEOs in our portfolio. I sent this one out this fall. I’ve heard back from a few that they enjoyed it, and I’m hoping that most of the CEOs are at least dipping into it.
If you’ve heard any of the names Zeno of Citium, Chrysippus, Cato the Younger, Seneca, Epictetus, Hierocles, or Marcus Aurelius, then you’ve heard of at least one of the famous Stoic philosophers. If you’ve studied any of them, you are in for a treat with this book as it presents Stoicism in a unique and very accessible way.
For a taste of the kind of quotes Holiday and Hanselman riff off of in the book, take a look at the fun Brain Quotes pages for Marcus Aurelius and Seneca.
The book starts with a quote every day on January 1st. You’ve still got a few days to grab a copy from Amazon and start the year out with a daily dose of Stoicism.
While I enjoy a good biography of a historical figure, I love autobiographies of living people. They are hit or miss – either awesome or awful.
Sam Zell’s autobiography Am I Being Too Subtle? was awesome. I was sent a copy by an editor at Penguin Group who sends me books, presumably that he thinks I’ll like. While this was in my infinite pile of books, I grabbed it randomly last night and polished it off tonight.
If you’ve never heard Sam Zell talk, here’s a recent short clip of him talking about entrepreneurship and a few other things.
I don’t know Sam Zell. While I only have second-degree connections to him, I’ve known of him for a while and I spent an afternoon touring his apartment in Chicago as part of a Wellesley Art Tour that he graciously opened his house for. So I had a little sense of him.
Whenever I read an autobiography, I’m always curious about the tone the person takes when talking about themselves and what they’ve learned over their life. When it’s consistent with the view I have of the person from a distance, I value the content more, regardless of what the content is. In this case, Zell’s personal reflection mapped pretty well to my impression of him over different short snippets of content from the last 20+ years.
I loved hearing the history of his entrepreneurial evolution, from his origin story in his early 20s to current time 50 years later. He’s had massive successes, but also some very big blunders along the way. While he’s gotten lots of criticism for specific failures like the enormous take private (via a leveraged buyout) – and subsequent bankruptcy a year later – of the Tribune Company, he doesn’t dodge his mistakes in this book. He takes the good with the bad and has a mantra of never taking himself too seriously, which he calls “the Eleventh Commandment.”
“… the Eleventh Commandment acknowledges that we’re all human beings who inhabit the world and are given the gift of participating in the wonders around us – as long as we don’t set ourselves apart from them.”
Of course, he followed this section by talking about the two stately, well-fed ducks that have their own heated pool and live on a deck outside his office in Chicago.
His love of his early partner, Bob Lurie, who died in 1990 at age 48, really stuck with me. It had an emotional tenor that is similar to my feelings for my partners.
Most autobiographies have some self-deprecation in them, but it often stands out as awkward – almost like the writer was following the autobiography-101 script which says “make sure every now and then you sprinkle in some self-deprecation so you feel more authentic to the reader.” While there were plenty of self-deprecating and even cringe-worthy moments in the book, Zell wove them in with style.
I read autobiographies for the stories, not for historical truth. The stories in this one were great.
As part of v52 of me, I’ve decided to commit to at least eight hours of sleep a night. I’m doing ok, but need to keep working at it.
From my early 20s, until v47, I woke up at 5 am from Monday to Friday. I’d then binge sleep on the weekend, often sleeping 12+ hours on Saturday or Sunday (my record is just under 16 hours of sleep.) When I had a major depressive episode early in v47, I stopped waking up with an alarm clock. For the next six months, I slept over 10 hours a night (often more than 12), every night.
I was extraordinarily sleep deprived. I knew it was bad for me on multiple dimensions, especially my mental health, so since then, I’ve slept until I woke up naturally each morning. Amy and I go to bed early – usually between 9 and 10 pm, so I’m still up between 6 and 7 am on most days.
Several friends, who know I both love to sleep and am intrigued with how sleep works, recommended that I read Why We Sleep: Unlocking the Power of Sleep and Dreams. It was excellent. While my self-assessment of my sleep habits are very positive, I learned a few things. More importantly, I now have a much better understanding of the “Why” surrounding sleep, especially around sleep’s importance to a healthy and long life.
There are a number of things that I’ve done in the past few years that have dramatically improved my sleep. In addition to eliminating alarm clocks from my life, I stopped taking sleep aids (Advil PM, Ambien) except for helping me reset on international travel (and, after reading this book, I’m going to give Melatonin a try for this situation.) I’ve stopped drinking alcohol. I don’t drink any caffeine after noon (and rarely more than one cup of coffee a day.) I take regular afternoon naps – almost every Saturday and Sunday and whenever I’m on vacation. Our bedroom is pitch black and 65 degrees. I started using a Resmed CPAP machine several years ago (I have a mild sleep apnea). I don’t read or watch TV in bed. Finally, a few months before v52, I stopped drinking fluids after 7 pm and have been skipping dinner several nights a week.
While reading this book, I realized how messed up our societal norms are around sleep. Kids needing to get up early in the morning to get to school by 7:30 am is insanity. ADHD drugs, especially in children, is basically doing the exact opposite of what is helpful. Drowsy driving is way more dangerous than drunk driving. Our schools have lots of different kinds of health education (physical, dietary, sex) but virtually nothing on sleep. The 9 to 5 work culture massively disadvantages people we call “night owls.” The macho ideal of a business person who only needs five hours of sleep a night is extremely counterproductive and dangerous, even though many of our visible leaders (business and political) claim they don’t need more than five hours a night.
The author, Matthew Walker, is Professor of Neuroscience and Psychology at the University of California, Berkeley, and Founder and Director of the Center for Human Sleep Science. While the book is thoroughly researched and supported by actual scientific studies that either Walker or his colleagues have done, it’s a very accessible book. I realized, as I was reading through the construction of the 17th experiment he was describing, that I was learning as much about how to do sleep studies as I was learning about the conclusions from the studies.
As a special bonus, the section on Alzheimer’s and cancer was powerful and a profound motivator to anyone who knows someone who has suffered from either of these diseases.
Time for bed.
Recently, my friend Ross Baird came out with a new book, The Innovation Blind Spot. In the book, Ross outlines and diagnoses a problem that I’ve been exploring for over a decade: our innovation economy neglects many people and ideas.
Ross kicks off the book with some pretty stark statistics: despite the fact that promising startup communities (such as my hometown of Boulder) are thriving, in most communities in America, firm creation is the lowest it’s been in a generation. With women making up less than 10% of new startups that are funded and African-Americans and Latinos making up less than 1%, it’s obvious we’re not seeing the best ideas in our innovation ecosystem.
Ross’ book is important because he focuses on solving this problem through HOW we invest, not just WHAT we invest in. It’s not enough for tech firms to say “we need more diversity – let’s go find different founders!” The design in how we find companies, perform diligence and make investments have unintentional side effects that cut many people out. One example highlighted in the book is that the very act of “pitching” a business tends to favor men (a Wharton study showed that men were 60% more likely to raise money pitching the exact same business as women.)
I’ve been thinking about ways to design startup communities to be more inclusive. A classic investor problem is a tension between wanting to be accessible to new founders while at the same time giving existing portfolio companies the time they deserve. When you’re getting a thousand pitches a year, you often tend to gravitate towards the people you already know and ideas that are familiar. Techstars has been a key part of addressing this issue for us as we’ve met thousands of companies we wouldn’t have otherwise and have invested – both directly and through our investment in Techstars – in a wide variety of founders all over the world.
Ross’s book also explores ways to build a stronger pipeline of different types people. As I’ve dug further into the problem, I’ve seen consistent ways that many people are excluded. For example, entrepreneurs go to conferences and network in order to find customers and investors. If you don’t have personal savings or family members who can help support you, you can’t afford that plane ticket. Organizations like the Techstars Foundation are working on addressing problems like this.
My favorite part of the book is when Ross talks about how places and communities can support their own founders. Ross’ final section is titled with one of my favorite words: “Topophilia“, or “love of place”. It’s a phrase I’ve embraced as we’ve built our startup community in Colorado and have tried to share with other communities around the world, both in my travels and through my book, Startup Communities. Whether you live in Cincinnati or Jakarta, you are far better able to help the entrepreneurs in your hometown than I am. I think that in order for us to ensure that entrepreneurs flourish everywhere, communities need to embrace them, and I’ve enjoyed being part of a community of folks like Ross who are trying to help communities do this worldwide.
Ross’s book is a quick, entertaining, informative read that diagnoses how we can do better as a startup community, and more importantly, focuses on the HOW. I encourage everyone in the innovation economy to read it.
In response to my post Book: Against Our Will: Men, Women and Rape several people asked me for the feminist literature reading list that Amy had put together for me.
Following are the other ten books that I’m working my way through this fall.
Sexual Politics by Kate Millet
Sisterhood is Forever by Robin Morgan
The Feminine Mystique by Betty Friedan
Sister Outsider by Audre Lorde
Ain’t I a Woman by bell hooks
The Second Sex by Simone de Beauvoir
The Female Eunuch by Germaine Greer
In Search of Our Mother’s Gardens by Alice Walker
A Room of One’s Own by Virginia Woolf
Beyond God the Father by Mary Daly
If there are any that you’d like to add to my reading list, please leave them in the comments.
“Men are afraid that women will laugh at them. Women are afraid that men will kill them.” – Margaret Atwood
A few weeks ago, after reading the New York Times Sunday Review article The Book That Made Us Feminists, I asked Amy for several recommendations for books that were foundational to the feminist movement. I purchased all that she suggested and added them to my infinite list of books to read.
The past few days I read Susan Brownmiller’s book Against Our Will: Men, Women and Rape. Written in 1975, it’s 480 pages of intense and powerful writing. After about a third of it, I turned to Amy and said, “That Margaret Atwood quote has a clear basis in history.”
Today, again in the New York Times (this time online), I read the article Push for Gender Equality in Tech? Some Men Say It’s Gone Too Far. I was almost finished with Against Our Will so it didn’t take much to infuriate me about the article. There are several men quoted in the article and others referenced. The only one whose perspective makes any sense to me is Dick Costolo’s quote.
“In just the last 48 hours, I’ve spoken to a female tech executive who was grabbed by a male C.E.O. at a large event and another female executive who was asked to interview at a venture fund because they ‘feel like they need to hire a woman,’” said Dick Costolo, the former chief of Twitter, who now runs the fitness start-up Chorus. “We should worry about whether the women-in-tech movement has gone too far sometime after a couple of these aren’t regularly happening anymore.”
In many of the conversations I’ve had around sexual harassment and sexual assault, I’ve been discussing something I’ve been referring to as the “perpetrator / victim paradox.” In this situation, the perpetrator “assaults / harasses” the victim. When the perpetrator is discovered (or almost discovered), he becomes the victim and tries to manipulate the victim into “not destroying my life.” It alternates between threats (continued perpetrator behavior aimed at the victim) and pleas (where the perpetrator takes the role of the victim, often using guilt to try and keep the victim quiet.)
Now, this doesn’t only apply to sexual harassment and sexual assault, but to any power dynamic. Which leads to the well-discussed idea that rape is much more about power than about sex. Brownmiller’s book does an incredible job of linking power to sex, especially in the context of men using sex to assert their power over women. But there was another level that jumped out at me, which was the notion of women as property, where a first man asserts their power over second man by having unwanted sex (rape) with the woman who was “affiliated” (wife, child, sister) with the second man. While Brownmiller has an incredibly long and distressing chapter on rape as part of the spoils of war, this idea infiltrates much of the book.
When I read articles like Push for Gender Equality in Tech? Some Men Say It’s Gone Too Far all I can think of is “these men are afraid of losing power to women.”
As a man, I wish other men would get over this. As our current president assembles the most male-dominated government in decades it’s clear that there is still a lot of work to do here.
Amy and I just spent a week of vacation off the grid in Aspen. I ran, read, and hung out. I had a fantasy about writing, but didn’t get to it. We watched Narcos Season 3, ate at a bunch of Aspen’s restaurants, and had an Amy pre-birthday dinner with our friends Dave and Maureen. And we napped – a lot.
I hadn’t had a vacation since mid-April, which is unusual for me as Amy and I try to take a week off the grid every quarter. On day three, which was a Monday, I settled into a total chill zone which lasted all week. I did my long run on Friday (instead of Saturday) and cruised from Aspen to Basalt. I then slept most of the day on Saturday when I wasn’t reading or eating. Yup – I’m marathon ready.
While I’m not quite finished with Reincarnation Blues, I did knock down six other books this week.
Sourdough: I loved this one. Robin Sloan’s previous book, Mr. Penumbra’s 24-Hour Bookstore, was my favorite book of 2013 (thanks Geraldine!) Sourdough was even tastier.
Daring to Drive: A Saudi Woman’s Awakening: Intense, powerful, horrifying, and inspiring all at the same time. Manal Al-Sharif is incredible. I hope I get to meet her someday – I’ll thank her for being brave enough to do what she does and to tell her story while doing it.
The Impossible Fortress: My inner 14-year-old loved this book. Loved, loved, loved it. The Commodore 64 code was a bonus.
Angel: How to Invest in Technology Startups – Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000: I met Jason Calacanis in the mid-1990s when he was peddling his Silicon Alley Reporter magazine. We’ve been friends ever since and I give him a big hug whenever our paths cross. He’s his normal outspoken and bombastic self in this book, which has lots of gems buried in it. I smiled a lot when I read it. And how about that subtitle …
The Rise and Fall of American Growth: The U.S. Standard of Living since the Civil War: This book was a grind, but it had a lot of good stuff in it. It’s only 784 pages so it took more than a day to read it. If you are trying to understand what is going on in the current American economy, and why the future will not look like the past, this is a good place to start.
Teach to Work: How a Mentor, a Mentee, and a Project Can Close the Skills Gap in America: As part of my effort to get rolling again on my #GiveFirst book, I thought reading this might be a useful kick in the pants. It wasn’t.
My next vacation is in mid-November. The tank once again has plenty of fuel to get me to that point.
I read Sheryl Sandberg and Adam Grant’s book Option B: Facing Adversity, Building Resilience, and Finding Joy a few weeks ago. It’s a must read for every human on this planet.
Some of you know that I’m a huge fan of Adam Grant. His book Give and Take: Why Helping Others Drives Our Success is a key inspiration for the #GiveFirst moment, my own personal philosophy, and my upcoming book #GiveFirst: A New Philosophy for Business which should be out in 2018.
I’m also a huge fan of Sheryl Sandberg. I don’t know Sheryl well, but we hung out a few times 15 years ago and both Amy and I thought she was awesome. It’s been awesome to watch what she’s achieved – first at Google, and now at Facebook.
It’s even more remarkable to read the clarity with which she has processed the sudden loss of her beloved husband Dave Goldberg. I met Dave a few times in the last 1990s when he was running LAUNCH Media (we were investors via SOFTBANK) but didn’t stay in touch after Yahoo! acquired LAUNCH. However, many of my Bay Area friends were close to Dave and viewed him reverently.
Amy and I have lost several close friends in the past three months to cancer and suicide. Another friend was recently diagnosed with stage 4 cancer. We are getting older and death is becoming a more visible part of our life experience.
Exploring how to process mortality is hard. I talked to a friend on my way home last night who is struggling with this. While these conversations are hard, I learn a little with each one.
Recently, I’ve been referring friends to Atul Gawande’s amazing book Being Mortal: Medicine and What Matters in the End which is the best book I’ve read so far this year. I also send them to Paul Kalanithi’s book When Breath Becomes Air, which was one of the best books I’ve ever read. I know “best” is a weak qualifier, so just know that they are both in the same league as Norman Cousins’ classic Anatomy of an Illness as Perceived by the Patient: Reflections on Healing and Regeneration which had a profound impact on me in my mid-20s.
I just added Sheryl and Adam’s book to this league. Life and death are complicated. If you, like me, are constantly exploring it and trying to understand it, and yourself, better, I encourage you to read Option B: Facing Adversity, Building Resilience, and Finding Joy. Sheryl and Adam – thank you for writing it.