It’s that time of year again where we like to shop at our portfolio companies.
We thought it would be fun to highlight some of our direct investments and partner funds’ portfolio companies this holiday season.
You can check out the full Foundry Group Gift Guide here.
If you want even more gift options, Techstars also has an awesome gift guide.
I’m on day 8 of a cold, which in retrospect has been possibly the harshest cold I’ve ever had. I felt worse when I had salmonella poisoning in Adelaide in 2016 and I remember a childhood flu over the holidays that had me throwing up for days. But, on Friday, when I had some existential dread, I realized I was really sick and crawled back in bed for the rest of the day.
I woke up this morning still sick but feeling on the mend. I’ve been at home for a week and haven’t been doing much other than sleeping, reading, responding to email, eating mac and cheese, and sleeping some more. I’ve been a sub-optimal companion for Amy, but Brooks and Cooper have filled in pretty well for me.
I’m glad the world is taking a break for the holidays. 2017 was an intense year in many dimensions. Our society changed in ways that feel extremely uncomfortable to me, but I’ve tried to process it with a long view. Long-simmering conflicts that were just under the surface explosively broke through and forced us to confront them and our collective behavior, and reactions, to them. I’ve continued to do what felt important and right to me while listening and learning. I worked hard to eliminate the noise and concentrate on the signal. To do this, I withdrew on several dimensions, especially via social media and online channels, which diminished my experience, but allowed me time and space to think.
I’ve been metabolizing my emotions at a new level. I’ve always been able to handle a huge amount of stress and anxiety, and part of my role has been to absorb the stress in the system, stay calm, and help the people around me work through whatever we are confronting. I’ve learned that when this gets to a certain level in me, it can trigger a depressive episode, so I’ve been working on understanding my limits better and how to address them more effectively. The broader cultural challenges of 2017 have just piled onto this, so I had to learn a new set of skills around this. If anyone is curious, the magic gateways for me have been meditation and therapy.
This cold forced some downtime on me. As I’m recovering, I’m going to savor the rest of the week and prepare for 2018. It feels like a cold reboot is in order.
December is a tough time of year for a lot of people. While the holidays are awesome for some, they are really hard for others.
I know a lot of people around me who are anxious, upset, stressed, or some other version of “not in a good place.” Some of it is the holidays, some is the end of the year, some is the outcome of the US election, and some is other things.
This morning I woke up to two good articles on mental health. I’m quoted widely, along with some of my personal story, in the Fortune Magazine article by Laura Entis titled Entrepreneurs Take on Depression. As a bookend, I was told in the article Mental health and relationships ‘key to happiness’ that a new London School of Economics study has determined that “good mental health and having a partner make people happier than doubling their income.”
Yesterday my partners and I had our quarterly offsite. A big part of it is what we now call a “partner check in” where we answer the question “How am I?” This answer can cover any dimension – personal, interpersonal, professional. It can be 1:1 with someone else, it can be with 1:2, or 1:3. It can cover one’s relationship with a spouse, kids, or family. It can be something in our head, heart, body, or soul. It can be very specific – an interaction dynamic with a CEO or founder – or something general, abstract, or even mysterious.
I wore a shirt with my favorite Helen Frankenthaler quote to remind me of our rules around our partner check in (and my approach to life in general.)
I’m in a good place so I was able to listen more than talk yesterday, which is probably a relief to my partners.
Even though some aspects of 2016 have been awesome, we all have agreed that we are ready to put 2016 in the books and move on to 2017. As we each talked about “How am I?” we recalled a number of traumatic, stressful, and anxiety producing events in the past year. We are all getting older so more health issues are appearing in our extended network of friends, so learning how to deal with them is becoming more important. Modulating the macro, especially post election, has become a more central theme for each of us.
There were a lot of specific things discussed that aren’t appropriate for me to write about, but the discussion reinforced with me how powerful the EQ of each of my partners is and my thankfulness that we have a level of emotional intimacy that we comfortably refer to as both business love and personal love.
For me, it cycles back to relationships. My relationship with my wife Amy grounds and centers me. My relationship with my partners allows me to be myself and spend time in an organization that provides me with continuous love, even against a backdrop of the endless stress, conflict, challenges, and struggle of entrepreneurship. While my extended family, which goes beyond just my parents and my brother (and now includes the spouses and kids of my partners), has its moments (like all families), it’s a source of profound joy for me much of the time.
December used to be very difficult for me. For many years, I fought the transition to the new year, was generally exhausted at the end of the year, and just wanted to hide. I described myself as a “cranky jewish kid who felt left out by Christmas.” At the end of 2012 I slipped into a deep depression that lasted six months. I learned a lot from that experience, and view it as my fundamental transition into middle age.
While I still don’t engage in Christmas, I now treasure the last few weeks of the year, as I reflect on the past year and get ready for the year to come. But, if you are feeling some December blues, or even depression, don’t fight it. Instead, do something for yourself. Be reflective. Let the emotions exist. And be encouraged that, like me, you can get to a better place, but it can take time.
I’m feeling fine today. But I know many entrepreneurs who aren’t. They are under intense pressure, worrying about an endless stream of things coming at them, suffering under the weight of imposter syndrome and other sources of anxiety. And, in some cases they are depressed, but trapped by our own culture which stigmatizes depression.
Earlier this week Biz Carson wrote an excellent article titled There’s a dark side to startups, and it haunts 30% of the world’s most brilliant people. It started with Austen Heinz’s suicide (Austen was the founder of Cambrian Genomics) and then built into a wide ranging discussion about depression among entrepreneurs.
It highlighted a recent study by Dr. Michael Freeman, a clinical professor at UCSF and an entrepreneur, which is the first to link higher rates of mental health issues to entrepreneurship.
Of the 242 entrepreneurs surveyed, 49% reported having a mental-health condition. Depression was the No. 1 reported condition among them and was present in 30% of all entrepreneurs, followed by ADHD (29%) and anxiety problems (27%). That’s a much higher percentage than the US population at large, where only about 7% identify as depressed.
I’ve been very open about my struggles over the past 25 years with depression and anxiety and am quoted in the article. But after dinner last night, Amy discovered on Facebook that the son of a childhood friend of her’s had committed suicide. It reminded me that depression and other mental health issues are widespread and are often extremely challenging around the holidays.
I used to struggle mightily with three day weekend and holiday weeks. While the rest of the world slowed down, I felt like the pressures on me were speeding up. I wanted everyone to get off their butts, stop relaxing, and respond to my emails. I was impatient and didn’t want to wait until Monday to try to address whatever issues were in front of me. I felt disoriented, which just made me more anxious. And when I was in the midst of a depressive episode, time just strung out endlessly in front of me, in a very bad way.
I used to be especially cranky around Christmas time. I’m jewish and didn’t grow up with Christmas, I always thought Hanukkah was a stupid holiday, made up to assuage sullen jewish kids when all of their friends had gift orgies. I felt isolated and different, which just made my general anxiety and impatience around holidays even worse.
In the last decade this has eased. I now give myself up to the slower pace, I give myself space to feel however I want to feel, I rest a lot, and I hang out with Amy. I’m social, but not overly so, and avoid big gatherings which crush my soul. I read, spend time outside, and nap. I let my batteries recharge and I don’t try to get caught up on everything, but instead just do what I feel like doing.
The July 4th weekend is always one that is joyful on the surface. It’s summer. The weather is warm. People do outdoorsy things. Email slows to a trickle.
For an anxious, stressed, or depressed entrepreneur, this can be extremely uncomfortable and exacerbate whatever issues are going on.
If you are one of these entrepreneurs, try my approach this weekend. Just shut down all the stimuli. Get off your computer. Take a digital sabbath. Go outside. Lay on a couch with a book and fall asleep reading. Blow off the 4th of July party that you don’t really want to go to and just stay home and watch TV in the middle of day. Let your energy go wherever it takes you. And recognize that all the emails, all the stress, all the anxiety, and all the people will be there on Monday ready to go again.
If you are the significant other of one of these entrepreneurs, take a lesson from Amy. Be patient. Be loving. Don’t let it be all about your partner, but don’t make it all about you. Just chill. And be together. Have a vacation – from everyone and everything else.
And for everyone else, recognize that holidays can be hard. And that’s ok.
I always look forward to the annual Techstars video. I enjoy seeing it, and usually enjoy being part of it.
This year I’m one of your favorite Sesame Street characters. Hang in there for New Years Resolution #9.
Cookie cookie cookie. Give me cookie.