Amy and I decided to match all of the funding for first-time projects in Colorado on DonorsChoosee.org. We are doing this through a gift from the Anchor Point Foundation and will be running it through the end of 2018. We believe deeply in the value of education and particularly like the DonorsChoose.org model of teacher-initiated projects.
There are currently 108 projects that fit this profile. We launched yesterday and nine have already been fully funded (and 330 students have been helped.) The criteria for our match is that these are projects put up by new teachers on the DonorsChoose.org platform.
Our hope is that two things will happen before the end of the year.
First, if you want to support a teacher and students in Colorado, go make a contribution of any amount on DonorsChoose.org from this link and we’ll automatically match it. Or, you can also click this link if you want to do a search on the active projects that Anchor Point Foundation is matching. You’ll notice a mention of the Anchor Point Foundation next to the projects we match – it’ll look like the following.
Clicking through will show a page like the following where you actually make the contribution.
Second, we hope any teacher in Colorado who has never had a fully funded project on DonorsChoose.org before, submits a project before the end of the year. We’ll match those projects as well, so getting more online is an awesome thing.
We believe DonorsChoose.org is an outstanding platform for getting additional funding into classrooms. Please help us support education in Colorado.
I’ve been in San Diego with Amy for a while but we are returning to Boulder in a week. San Diego has been great, but I miss my dogs, my friends, and the Colorado vibe.
When people ask me about the Colorado vibe, I often talk about GiveFirst. Soon there will be a book (by me) on this, but for now there’s an increasing amount of content on the web building up to explain it. This article in the Colorado Sun – How Techstars’ “GiveFirst” mantra became a road map for the startup community in Colorado and beyond – was excellent and had numerous short examples of how GiveFirst works and influences a startup community.
Next up is a fun article by my co-author of Startup Communities Way (my new Startup Communities book – coming up mid-year 2019) Ian Hathaway. A few days ago he cranked out a post titled Colorado is for Founders. I love that phrase and he led off the post with this great tweet from Phil Weiser.
— Phil Weiser (@pweiser) December 5, 2018
He goes on to explain Jared and Phil’s huge accomplishments and impacts around startups and the startup community. The punch line in the post is:
“By many measures, Colorado is the most entrepreneurial state in the country, a fact that I discovered in 2013 when studying high-technology business formation around the United States. I was struck by just how many places across the state had a high proportion of startup activity occurring—a finding that has been extended to looking across other types of high-growth entrepreneurship as well. Something special is happening there, and it has been for many years.”
I’ll end with the Holiday Gift Guide from Techstars. If you want to give someone you know the gift of something from a Techstars company this holiday season, here are the choices all in one place.
Happy Friday Colorado. See you in a week.
Did you know that 28.5714% of the partners at Foundry Group are Texans?
Recently, I was asked if I consider myself a Texan. I answered that I grew up in Texas, live in Colorado, was born in Arkansas, and went to school in Massachusetts. While I have a house in Alaska, I never lived there (that’s where Amy grew up.)
I hadn’t really thought about this before I answered the question. While Massachusetts was very good to me, I never felt at home living in Boston or Cambridge. I left Dallas 35 years ago (although my parents still live there.) I only lived in Blytheville for a year, although I just visited it with my dad a few months ago.
I’ve now lived in Colorado longer than anywhere else (22.5 years). But, I’m occasionally told by people who have lived in Boulder for over 25 years that I’m still a newbie. So, maybe I’m a Texas for a few more years, although Amy says definitively, “You are not.”
Announcing the Greater Colorado Venture Fund!
I am proud to share that the Colorado Venture Capital Authority (VCA), in conjunction with the Office of Economic Growth and International Trade (OEDIT), has selected the Greater Colorado Venture Fund to steward the state’s rural venture capital allocation.
Following a competitive application process, the state will be funding an initial $9.1 million of a target $15 million venture fund to be invested in startups across 54 eligible Colorado counties. This fund will be a cornerstone in the state’s larger initiative to support entrepreneurs in smaller communities in Colorado, an effort I have been heavily involved in.
Led by Marc Nager, former CEO of Startup Weekend and UP Global (where I was on the board, now part of Techstars), the GCVF team members are already leaders in Colorado’s Rural Startup Community. Since joining the Telluride Venture Accelerator in 2016, Marc has already led many initiatives for entrepreneurs outside of the Front Range. Marc is joined by Cory Finney, the fund’s full-time Fund Director, and Jamie Finney, Venture Partner. The Finney brothers, originally from Durango, are sixth-generation Coloradans and partners at Kokopelli Capital. Together, this team is already at the center of Rural Colorado’s rising startup.
Having worked with the team throughout the application process, the GCVF’s application embraces this fund’s national spotlight, while remaining grounded in rural Colorado communities. They have earned endorsements from local leaders across the state, as well as national players such as the Kauffman Foundation, the Economic Innovation Group, Village Capital, Seth Levine and myself.
As I first documented in 2012 in my book Startup Communities, Colorado has become a leader in building entrepreneurial ecosystems. In selecting the GCVF to invest its funds, the state is showing its commitment to building healthy communities by empowering entrepreneurs first. I look forward to collaborating with the GCVF team to redefine venture capital in small and rural communities.
Ian Hathaway, my co-author for my next book – Startup Communities 2: The Next Generation – has a great blog post up titled The Amazon Bounce Back.
Colorado, specifically Denver, is in the final 20 cities bidding on Amazon’s HQ2. This open bid process is an absolutely brilliant move by Amazon for a variety of reasons.
- Enormous branding: Everyone, everywhere, is talking about Amazon. Amazon Amazon Amazon. We love Amazon.
- Absurd market information: The amount of data about each city that Amazon is getting out of this is incredible.
- Visibility into what cities are willing to offer: Amazon knows where its future leverage points are when negotiating with individual cities.
While I’m glad Denver approached it the way they did, focusing on strength and resources of the community rather than by throwing dollars at Amazon, our state government still provided plenty of financial incentives.
Amazon HQ2 could qualify for huge Colorado tax incentives. From the article:
“Colorado’s main tax incentive used to lure “Amazon HQ2” could add up to at least $458.9 million rebated back to the Seattle-based retail giant over several years and could top $860 million if the company’s HQ2 campus were to grow fast enough. The figures are based on the pay scale Amazon predicts at HQ2 and the formula for Colorado’s “Job Growth Incentive Tax Credit” program.”
Since I think the chance of Amazon actually choosing Denver is 0.0001%, I have a suggestion for the Colorado state government for when Amazon chooses someplace else.
Give 100% of the benefit (economic and otherwise) you are offering to the Denver-based business community, with special focus on high growth scaleup companies.
Steve Case has a brilliant Memo to the Cities Amazon Passed Over. Julie Lenzer explains how everyone can have a trophy, or how to make the most of NOT getting Amazon HQ2.
In the context of be careful of what you wish for some economists are now weighing in: Amazon HQ2 finalists should refuse tax breaks, say nearly 100 economists, professors. There is only going to be one city that ends up with Amazon’s HQ2. For everyone else, especially Denver, use what you were willing to do to drive real long-term economic growth and health for your city, rather than retreat in defeat.
A few years ago, David Cohen and I started a Colorado CEO Jobs list in response to the regular stream of inbound email we got from folks looking to move to Colorado and interested in tech-related jobs. We seeded this list with CEOs from companies Foundry Group and Techstars had invested in. As other CEOs requested access to the list, we added them.
The list was managed in Yahoo Groups and had about 100 CEOs on it. It was simple – emails from people looking for jobs came to me or David and we forwarded them to the list. The hit rate was very high – I regularly get feedback from people that they’ve ended up with multiple interviews and a job from the introduction.
Both David and I felt like the list was pretty tedious to manage in Yahoo Group so about three months ago we restarted it and made it a Google Private Community. We culled the list a little and re-invited everyone, ending up with 56 active CEOs. We’ve been using the Google Private Community for a while and are comfortable that it’s a significant improvement over the Yahoo Group.
We are still keeping it private for now but are looking for any CEOs of tech companies in Colorado who want to join the list as we expand it from Foundry / Techstars related companies. Our goal is to have a wide audience of CEOs for anyone coming to Colorado who is looking for a tech related job.
We are keeping the list ONLY to CEOs for now as we plan to expand some of the things we are doing with the list.
So, if you are a CEO of a tech company in Colorado and want to be on our Colorado CEO Jobs List, just email me (email@example.com).
And – if you are looking for a job in a Colorado tech company, email me also and I’ll forward your info to the list.
David Cohen (Techstars Founder) and I are doing a Google Hangout On Air that is open to anyone on 11/13/13 (what a prime day for something like this). It’s part of a Google Enterprise series on Colorado pioneers driving the local economy and culture. We’ll be talking about Techstars, Colorado, tech, and anything else that comes up.
This came out of a series of interviews with Google recently where we explained why Foundry Group takes venture capital to the cloud with Google Apps and how Techstars assists tomorrow’s entrepreneurs with help from Google Apps.
Come join us! Register here if you want to hangout.
An event called Startup Phenomenon is happening In Boulder on 11/13 – 11/15. It gets to the heart of how startup communities are developed and I’d love to have you join me at it. If you register to come, use the code “feldfriends” for $100 off the $995 price.
You may have seen the recent Kauffman Foundation study that ranked Boulder tops among all cities in the U.S. in terms of tech-startup density. That Boulder was number one was interesting, but what’s more exciting is that there are so many emergent startup communities around the United States that it’s now worth ranking them.
Startup Phenomenon is designed to bring attention to these communities, from small towns to large cities, as we explore how this startup phenomenon works. We’ll cover topics including:
- The Finance Chain: How VCs, angels, crowdfunding models, and all the rest fit together
- Startup Kitchens: Transformative accelerators, incubators, and mentorship programs
- Big data: New tools for measuring growth, investments, and economic activity
- Networking models: The meetups that are truly improving the businesses of those who attend
- Case studies: Entrepreneurs and investors who are building startup communities around the world
- Culture: The major shift taking place away from hierarchical structures to collaborative networks
- City governments: Why some are better than others at nurturing local startups
- Corporations: How large, established companies can help startup communities
- The silos: Biotech, food, the Internet of things, clean energy, and all the other sectors providing fertile ground for entrepreneurs and investors
On the third day of the conference we will provide a deep look into what’s going on here in Colorado. That Kauffman report of densest startup communities actually had four Colorado cities in the top 10 (Boulder, Ft. Collins, Denver, and Colorado Springs.) And you may have seen that the New York Times recently dubbed Boulder “Silicon Valley for Ad Agencies.”
The speakers list is awesome. As a special treat, I get to interview Jim Collins author of Built to Last, Good to Great, How the Mighty Fall, and Great By Choice who happens to live in Boulder.
This will be a great opportunity for you to bring attention to your work and to learn about the entrepreneurs and investors who have come together around the world to build vibrant, open startup communities.
My day started out great. After getting up at 5, having a delightful run at 6, walking Brooks, and then hanging with Amy for four minutes, I got in my car and drove over to Rally Software for their Big 1% Give Back event.
The picture to the left is of Ryan Martens, Rally’s founder and CTO, giving Josie Health, the CEO of The Community Foundation Serving Boulder County, a check for $676,000. This check is for The Community Foundation and for the Entrepreneurs Foundation of Colorado (EFCO) and results from a gift of 24,793 shares of common stock from Rally at the time of its first financing that represented approximately 1% of the equity of the company.
I remember numerous conversations with Ryan about this. Ryan started Rally (formerly F4) out of our previous office and could regularly be found scribbling all over a white board. He had a huge vision that started to be turned into practice when Tim Miller joined him as CEO about a year after he started the company. Part of that vision became the agile software development products that Rally makes.
But Ryan’s vision was always bigger than that. He wanted to build a sense of corporate social responsibility into Rally from day one. He was inspired by Salesforce.com and the Salesforce Foundation so he wanted to do something similar in Boulder – contributing 1% of the equity and 1% of the employees’ time to local philanthropic efforts.
With a handful of others, including my partner Seth Levine and Cooley’s Mike Platt, Ryan helped created the Entrepreneurs Foundation of Colorado. Rally was one of five founding members – the others were NewsGator, Collective Intellect, Me.dium, and Tendril. At the time, no one really knew how this would end up, but we all believed that it was important for the local startup community (which included companies anywhere in Colorado, not just Boulder) to give back to the community that helped support it.
We talked about creating millions of dollars of philanthropic contributions through the success of companies in Colorado over the next few decades. Some people rolled their eyes when we talked about this, some thought we were crazy, and some jumped on board. Throughout, Ryan’s leadership of EFCO was unbounded and today over 50 companies are members of EFCO.
Today’s gift represents the largest to date. Oh – that check is only for $676,000. Well the other one – for $643,000 – is the second check Josie got today – this one from an additional gift Rally made when they endowed the Rally for Impact Foundation.
Gang – well done. Thanks for leading by example. And we are only just beginning.
A few weeks ago I did an event with Built In Denver where I interviewed Tim Miller and Ryan Martens, the founders of Rally Software, on their journey from a startup to a public company (NYSE: RALY). As part of the event – held at Mateo in Boulder – the gang from Built In Denver announced they were rebranding as Built In Colorado.
The attendance at the event was roughly 50% Boulder entrepreneurs and 50% Denver entrepreneurs.
The past two days the Colorado Innovation Network held it’s 2nd annual COIN Summit. As part of it, Governor Hickenlooper rolled out a new brand for all of Colorado, an effort led by Aaron Kennedy, the founder of Noodles & Co. The focus was on Colorado, not on Boulder, or Denver.
Powerful startup communities start at the neighborhood level. They then roll up to the city level. And then cities connect. Eventually it rolls up to the state level.
It’s a powerful bottom up phenomenon, not a top down situation. And inclusive of everyone. This is one of the key parts of my theory around Startup Communities.
Export the magic of the Boulder tech community to Fort Collins, Denver, and Colorado Springs by expanding New Tech Meetups, Open Coffee Clubs, and Community Office Hours to these cities.
When I look at what is happening in Denver, and the connective tissue between Boulder and Denver, I’m incredibly proud of what has been accomplished in less than two years on this front.
When I see questions on Quora like Should I start my start-up in Boulder or Denver? and then read the answers, my reaction is “poorly phrased question” and “wrong answer!” It’s not an either / or – the two cities are 30 minutes apart. They are both awesome places to start a company. It depends entirely on where you want to live – do you want a big city (Denver) or a little town (Boulder). If you choose Boulder, when you reach a certain size, you’ll end up with offices in both like Rally and SendGrid.
I’m psyched that Built in Denver is rebranding to Built in Colorado. I’m going to spend most of the week for Denver Startup Week in Denver, and CEOs and execs from most of our portfolio companies are converging on Denver in the middle of the week for a full day session together.
You’ll note that we have deliberately named things like The Entrepreneurs Foundation of Colorado (EFCO) with “Colorado” in their name to be inclusive of all entrepreneurs in the state. And we we do things to celebrate the startup community, like The Entrepreneur’s Prom that EFCO and Cooley are putting on September 7th at the Boulder Theatre, we focus on the entire startup community.
Innovation and entrepreneurship is off the charts right now. Let’s make sure we work together to continue building a base for the next 20 years.