Tag: startup communities
I’ve been a big supporter of the Startup America Partnership since its inception at the beginning of last year. The organization is now a year old and is starting to really have some impact. I’m psyched about the groundwork they’ve laid down and their plans for 2012.
One of the initiatives I’ve been very involved in is Startup Colorado which we launched a few months ago. I also gave my first Startup America webinar today to a bunch of entrepreneurs who are members of Startup America Partnership about fundraising. And there’s a lot more coming to entrepreneurs who are members of the Startup America Partnership.
So – sign up now. If you are a Colorado-based company, this will automatically get you into the Startup Colorado infrastructure as well at the Startup America Partnership. If you are in any other state, you’ll be part of the whole Startup America Partnership as well as your state when they launch (if they haven’t already).
My simple appeal to all entrepreneurs in Colorado – please sign up. There is no cost to you. There are tons of benefits. It helps us more efficiently connect with you and engage you in the Colorado startup community and we want to show the world how powerful the startup community is in Colorado. Plus, I’m now in a heated match for the number of startups – competing with David Cohen and the other TechStars Managing Directors (David Tisch, Katie Rae, Andy Sack, Nicole Glaros, and Jason Seats.) You wouldn’t want them to show me up, now would you.
Sign up. And help everyone in America win as we create more and more entrepreneurial companies together.
Startup Communities: Creating A Great Entrepreneurial Ecosystem In Your City
I’m deep into writing my latest book. For now, the title is “Startup Communities: Creating A Great Entrepreneurial Ecosystem In Your City.” I’m open to different titles – if you’ve got ideas just put them in the comments.
Following is the current table of contents. It’s still pretty dynamic as I’m adding stuff while I’m writing. I’ve also got a bunch of guest sections coming from all over the US (I’ve got a dozen so far) so as they come in, I’m trying to fit them in (which often generates a new, or different section). If you are a leader in your entrepreneurial community and have something you want to add, email me 500 – 1000 words.
I’m looking for feedback on this table of contents. If anything jumps out at you as wrong, unclear, in the wrong place, or missing, please leave me your thoughts in the comments.
My current goal is to have a first draft ready for circulation finished by 12/31/11. I plan to have the book published and available by 2/29/12. I’m self-publishing this one so there will be no delay in getting it out. I also plan to price it low so it has the potential for broad distribution.
Comments of any sort are welcome and encouraged! The table of contents, as of today, follows.
Foreword
The Boulder Entrepreneurial Community
- Boulder As A Laboratory
- Before the Internet (1970 to 1994)
- Pre Internet Bubble (1995 – 2000)
- The Internet Bubble (2001 – 2002)
- The Beginning of the Next Wave (2003 – 2011)
Principals of a Sustainable Entrepreneurial Community
- Led By Entrepreneurs
- Have A 20 Year Commitment
- Welcome Everyone Into The Entrepreneurial Community
- Engage The Entire Entrepreneurial Stack
Leaders vs. Feeders
- What’s A Leader?
- What’s A Feeder?
- Entrepreneurs
- Mentors
- Government
- University
- Investors
- Service Providers
- The Importance of Both Leaders and Feeders
Keys of Leadership Culture
- Inclusive
- Mentor Driven
- Non Zero Sum Game
- Porous Boundaries
The Power of Accelerators
- The Story of TechStars in Boulder
- TechStars Impact on Boston
- TechStars Impact on New York
- How Accelerators Are Different Than Incubators
- Why Incubators Don’t Work
Classical Problems
- Patriarch Syndrome
- Complaining About Capital
- Reliance on Government
- Short Term Commitment
- Bias Against Newcomers
- Feeder Control
- Artificial Geographic Borders
- Risk Aversion
- Fear of Failure
- Zero Sum Game
A Different Example of University Involvement
- Silicon Flatirons
- The Components of CU Boulder
- Why They Don’t Work In Isolation
- Why The Community Matters Most
- The Real Value – Fresh Blood Into The System
Entrepreneurs vs. Government
- Bottom Up vs. Top Down
- Micro vs. Macro
- Action vs. Policy
- Impact vs. Control
- Self Awareness
Boulder’s Great, But What Are It’s Weaknesses?
- Parallel Universes
- Integration With The Rest of Colorado
- Lack of Diversity
- Space
Community Power
- Give Before You Get
- The Power of Apprenticeship
- Everyone Is A Mentor
- Embrace Weirdness
- Be Open To Any Idea
- Be Honest
Myths About Entrepreneurial Communities
- We Need To Be Like Silicon Valley
- Venture Capital Matters
- Angel Investors Must Be Organized
How To Get Started
- Do or Do Not, There Is No Try
- Resources
I’ve talked a lot on this blog about the great things about the Boulder entrepreneurial ecosystem. Over the past five years it’s been awesome to see things really blossom. But there are always problems of some sort. And we have a few here in Boulder which – in the spirit of helping understand how entrepreneur ecosystems work over time – are worth pointing out and talking about.
The most visible problem her is that Boulder’s booming businesses are running out of room. Downtown Boulder is not large – maybe 10 blocks by 5 blocks – and very few of the buildings are more than three stories tall. Once you get outside the downtown Boulder core, you get some larger buildings and some office parks, but you are no longer in the core of downtown. If you get in your car and drive to the next towns over, such as Broomfield and Westminster, there is plenty of office space and some larger buildings.
But many companies that start in downtown Boulder want to stay in downtown Boulder. The companies build their culture around being downtown, benefit from the extremely high entrepreneurial density of Boulder, and the dynamics of being in a downtown core rather than in a suburban office park.
Ironically, the Boulder politicians have always seemed to have a bias against “business in Boulder.” I’ve heard about it for the 16 years I’ve been here and experience it periodically. The zoning here is extremely restrictive and the decisions around zoning seem arbitrary. The division between retail, tourism, business, and residential seems in continual conflict. A few real estate developers own and control much of the existing office buildings in town and as a result end up having a zero sum approach to leasing space – specifically they jack rents up as high as possible when the market is tight, only to have them collapse when the market loosens up.
As I’ve watched local Boulder companies grow to be in the 100 to 300 employee range, I’ve watched them struggle with office space. If the trajectory of several of the local companies continues, this struggle will get more severe over the next 24 months. Inevitably, several of the larger companies will have to move outside of Boulder, even though they don’t want to. When this happens, our real estate owner friends will once again have a lot of empty space on their hands which will fill up more slowly with smaller firms as they grow into what’s available.
I’m not sure if this is a solvable problem given all of the different constituents involved. The contraints on Boulder’s growth have many advantages and are part of what makes Boulder as great as it is. But it’s also a weakness – one that is front and center right now as a number of companies who look like they could be long term, self-sustaining anchors of the Boulder entrepreneurial community have to figure out where to house 300 people going on 1,000.
I spent yesterday at University of Michigan with my partner Jason Mendelson (he’s a two time grad – economics undergrad and then law school.) This was my first trip to Ann Arbor and I had a great time. It was fun to have Jason show me his old haunts, our new friend Wes took good care of us throughout the day, and we met a ton of interesting people including a bunch of entrepreneurs.
In one of our early meetings I heard a great line from one of the members of the UM Tech Transfer Mentor-in-Residence program.
The line was “College is like a sandbox if you are an entrepreneur. Falling down doesn’t hurt much.”
This made me think of a brilliant phrase from Alex White, the CEO of Next Big Sound, in his TechStars Demo Day pitch. I can’t remember where in the presentation it was but Jason reminded me that one of Alex’s great moments was when he said something like “We don’t need to raise much money because we are cheap to keep alive.”
Throughout the day we met with a bunch of college students – law school students, undergrads, MBAs, and a few PhD’s. All of them were really lit up about entrepreneurship, were trying lots of stuff, had tons of questions, and challenged us to give them our views and feedback on what Ann Arbor needed to do to create a great entrepreneurial community.
At the end of the day we met with all the members in TechArb. This is the student accelerator – I was blown away by what they were doing. At some point I said to Jason “why doesn’t CU Boulder have a thing like this.” He had an answer that I’m still pondering, but effectively reinforced the initiative that the students and entrepreneurial leadership around the UMich were taking. During this session, I kept thinking “college is like a sandbox – it doesn’t hurt much when you fall down.”
Days like today are incredibly energizing for me. The level of enthusiasm and optimism among the people we met with was phenomenal. Their willingness and interest in learning and trying new stuff was apparent. And their understanding that plenty of things wouldn’t work, but they wouldn’t learn if they didn’t try, was front and center.
To all the folks I met with today, thanks for making my first trip to Ann Arbor really fun and interesting. And, even though I couldn’t care less about college football, good luck against Nebraska this weekend.
We launched Startup Colorado last week as part of the Startup America Partnership. I’m co-chairing this effort with Phil Weiser (Dean of CU Boulder Law School) and Jan Horsfall (CEO of Gelazzi). Dave Mangum (Silicon Flatirons Research Fellow) is the Executive Director and the effort is being sponsored by Silicon Flatirons at CU Boulder.
We’ve got a bunch of great entrepreneurs from Boulder, Denver, and Colorado Springs involved at this point and are reaching out to entrepreneurs in Fort Collins to help us get things up and running there. We’re taking a 20 year view to this effort so rather than create some grand conceptual plans, we’ve chosen six initiatives to go after in the first year. We are building off of the incredible entrepreneurial community that has been created in Boulder and starting by exporting several of the concepts that we know work, while trying some new things in Boulder. The six initiatives are:
- 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.
- Create an Entrepreneurial Summer Camp in Boulder for talented college students from throughout Colorado. These students will be housed at CU Boulder and work as paid interns for Boulder startups.
- Support entrepreneurial education in the Front Range by developing a New Venture Challenge business competition for Boulder-area high schools with the goal of seeding the other Front Range cities with leaders to expand the competition throughout Colorado.
- Evaluate current barriers that entrepreneurs face, including an assessment of what best practices are in place at entrepreneurial communities around the US and world. We’ll start by measuring in detail what’s going on in Boulder and try to create a framework for any city.
- Engage larger companies in the entrepreneurial ecosystem through commitments to help entrepreneurs.
- Build the Startup Colorado website to be a thorough database for information and connections.
We are very aware that there are plenty of other cities in Colorado, especially on the western slope, and hope to include them in Startup Colorado in year two. We know that some of the ideas above won’t work and we intend to make mistakes, kill things off quickly, and keep iterating on new ideas. Our goal is to do stuff, rather than just talk about stuff.
If you are an entrepreneur and want to get involved in helping lead the Startup Colorado effort, email me.
On a daily basis I get an email from someone, either in Boulder, or considering a move to Boulder, who asks how they can best get involved in the Boulder entrepreneurial community. My response is simple – get involved, show up, and participate. I then list a set of regular activities that exist, with my favorites being:
- Boulder Open Coffee Club
- Boulder New Tech Meetup
- Silicon Flatirons Events
- Boulder Beta
- Ignite Boulder
There are also a handful of sites that help you figure out how to plug in and list other events. The two I recommend are Boulder.me and Boulder Startup Digest.
One of the awesome things about the Boulder entrepreneurial community is that it operates on a “give before you get” approach – it’s super easy to engage as the existing entrepreneurs are happy to give help and support with no specific expectations. But you have to “give” to become involved – don’t just show up once and hope magic will happen. Keep coming back. Volunteer to help out, with no expectations of compensation. Build a reputation for what you can do. Then magic will happen.
For job seekers, I point them at the Foundry Group Jobs page and the TechStars Jobs page as well as encourage them to email me a resume that I’ll send to a CEO list I co-manage, which consists of about 100 local entrepreneurial CEOs (if you are a CEO and want to be on the list, just email me.)
It’s all remarkably low infrastructure and overhead, but very high velocity. When I reflect on what makes it work, its the “give before you get” mentality of the entrepreneurial community, which I’m proud to be a part of.
Oh – and if you run a Boulder entrepreneurial event that’s not included in the list, or have suggestions about what you’d like to see, feel free to leave info about it in the comments.
On November 9th, I’ll be helping launch Startup Colorado. We’ll be having a kickoff event at CU Boulder from 6:30pm – 8:35pm.
Startup Colorado will be one of the regional initiatives under the umbrella of the Startup America Partnership. Startup Colorado is an initiative to make a meaningful impact on entrepreneurship and new company creation in the Front Range. We want to expand the breadth and depth of entrepreneurial networks from Fort Collins to Boulder to Denver to Colorado Springs and lower barriers for people who want to build high-growth businesses.
At the launch event, our agenda will include talking specifically about what our plans and goals are for 2012. We’ll be operating under my first principle of entrepreneurial communities – that an entrepreneurial community must be lead by entrepreneurs. We have a panel discussing what has happened in Boulder over the past decade and one about the power of mentorship.
We’ll also be joined by several special guests, including Scott Case (Startup America Partnership CEO) and Aneesh Chopra (United States Chief Technology Officer).
If you are an entrepreneur in Colorado, we’d love to have you join us. Please register at the Silicon Flatirons site. The event will be at the Wittemyer Courtroom, Wolf Law Building, University of Colorado on Wednesday, November 9, 2011; 6:30 – 8:35 PM.
I’m about to head out to TechStars New York Demo Day. Our investment in SideTour – one of the TechStars New York companies – was announced yesterday and I’m excited to introduce them along with hanging out with all of the other great entrepreneurs from this session. If you’ve been watching the Bloomberg TechStars series, we are doing the finale tonight where we meet with all of the teams and see where they are six months after the program ended. It’ll be happening live at 9pm ET/PT.
Since I haven’t yet figured out how to be in two places at the same time, I ended up recording a short video for a meeting on entrepreneurial communities that I was invited to. In it, I talk about my first of four principles of entrepreneurial communities, specifically that entrepreneurial communities must be led by entrepreneurs.
Following is the video along with my notes.
Four key principles of entrepreneurial communities
– led by entrepreneurs
– 20 year view from today
– engage the entire entrepreneurial stack
– continually get fresh blood into the system
briefly focus on the first – entrepreneurial communities have to be led by entrepreneurs
entrepreneurial communities have leaders and feeders
feeders include everyone that does things that are inputs into the entrepreneurial community
– lawyers
– accountants
– angel investors
– venture capitalists
– government
leaders are the entrepreneurs
– you don’t need a lot to make a huge difference
– a half a dozen is a great starting point
– but they have to commit for 20 years from today
all of the feeders have a role
– some feeders try to be leaders – this never works
– rhythm is wrong: 20 years vs. 4 of government
– personality is wrong: lead vs. support
– incentives are wrong: job vs. creative act
if the leadership of an entrepreneurial community is co-opted by local government
– there might be short term activity
– but it will fail over the long term to become sustainable
remember: the entrepreneurs need to be leaders
if you are a feeder:
– identify them
– encourage them
– support them
but let the entrepreneurs be the leaders
I am completely wiped out. It’s noon on Saturday in Colorado. I just had five days in a row of 18 hour days. I started the week in San Francisco and flew back home on Friday night from New York (with a red eye in between). It was awesome, but exhausting.
In addition to all the work, there was plenty of ambient emotion last week including some around mortality (Steve Jobs died and a close friend’s father died). In between everything, I spent a had a lot of meals with people I haven’t seen in a while, or whom I’m really close to. On top of that, there were hundreds of emails a day, plenty of telephone calls, and lots of random stuff to deal with. And plenty of running, coming off a weekend of back to back long runs (14 miles on Saturday, 16 miles on Sunday). And the Imperial March rang on my phone several times a day when Amy called, which always gave me a nice positive emotional charge.
I slept 12 hours last night. Amy made me a great breakfast and I’ve spent an hour catching up on unread emails from yesterday. But I’m just fried. And I’m going to crawl back into bed for a nap, go to a movie this afternoon, and then have a quiet dinner with Amy somewhere.
When I reflect on last week, I consciously spent very little time thinking deeply about anything. My runs were mostly mental garbage collection times, I slept on the airplanes, and I was in the moment the rest of the time dealing with the present. Sure, some of the discussions were longer term, strategic type things, but all the thought processes were surface level vs. deep discovery.
I’m working on a book called Entrepreneurial Communities. It’ll be done by the end of the year. I’ll likely self-publish this one as I don’t perceive any benefit to having a publisher now that I’ve done two books the traditional way. I also don’t want to introduce an additional six months into the writing to publishing cycle. I spent exactly zero time working on the book last week, although I had no expectation that I would.
But when I think about what I learned this week, and what I talked about, plenty of it pertained to the book. While I consciously spent very little time thinking about entrepreneurial communities, I unconsciously spent a lot of time thinking about it. And while my surface level discussions about longer term things didn’t impress me as deep thinking, by talking out loud about complicated issues I continued to modify the way I talk and think about them.
This is a style of mine. While I don’t “think out loud” like some do, I “refine my thought process” by talking about – and doing – things around the topics that I think deeply about. The development, creation, and sustaining of entrepreneurial communities is one of those topics that I’ve been doing a lot of thinking about lately, and anyone who knows what I spent my time on knows that many of the things I work on pertain directly to the activities around these, rather than just the thoughts around these.
By being insanely busy in areas that I think (and care) deeply about, I’m actually engaged in an “active deep thinking” rather than a passive deep thinking. It’s easy to end a week like the last one (which is a pretty typical week for me) with the reaction of “wow – that was intense and insane, but I didn’t really have any time to think about what I wanted to think about.” That’s wrong – I spent the entire week actively thinking, which makes my ability to deeply think about topics I care about even more powerful and effective.
I’m sure there is some philosophy, or psychology, about how a human links passive and active around the formation of thoughts, ideas, and theories. I’m not going to think deeply about that, especially since it’s meta in the context of this post, but I’m certain that the answer the my question that I posed in the title is a resounding yes when you combine active and passive thinking.