Books

A cliche I’ve heard many times is “Wall Street Always Wins.” The first week of 2016 in the public markets has been an entertaining reminder of this. In 1998, when I started ending up with lots of shares in public Internet companies, I came up with a formulaic approach for any public equities that are distributed to me (either from our funds or other VC funds). The approach was mathematic, dispassionate, and easy for me to execute. Over the past 18 years this strategy served me well. ...

Amy and I take an annual one month sabbatical completely off the grid. This is something that each of my partners and their families also do – we rotate throughout the year and the other partners completely cover for whomever is on sabbatical. Based on the experience of the past two years, this has had a dramatic positive impact on our lives, our relationship with our families, our mental health, and our longevity in our business. It also is a powerful reinforcing dynamic in our partnership – we talk regularly about how we all work on everything together, but when one person is gone for a month and the other three have to cover everything he’s working on, there’s nowhere to hide and the trust dynamic that evolves is remarkably deep. ...

When I played tennis as a teenager, I remember reading The Inner Game of Tennis: The Classic Guide to the Mental Side of Peak Performance by Tim Gallwey . Near the end of my recent sabbatical + birthday vacation, after almost seven weeks of tennis where I played at least five days a week, I decided to read it again. It held up. Written in 1974, Gallwey uses the concept of Self 1 (the thinking part) and Self 2 (the feeling / doing part). Self 1 is constantly critiquing, analyzing, and telling Self 2 what to do. Self 2 – when it ignores Self 1 – just does. This leads to the idea of the inner and outer game, which is beautifully summarized in the Wikipedia article about Tim Gallwey . ...

It’s a beautiful almost snowy morning in Boulder. Crisp and cold, but subdued. Amy is on the phone with a cousin, Brooks is asleep on the floor, and Cooper is whining a little every now and then but generally happy to be on his tether chilling out after running around the yard like a maniac puppy for 30 minutes. For many years, Christmas time was difficult for me. With the help of my amazing wife, I adjusted my attitude about five years ago and in 2012 wrote a long post about it titled Christmas Isn’t Awesome For Everyone . Christmas still isn’t awesome for me, but I now have a mellow, relaxed time for the last two weeks of the year. ...

My idea of a really good afternoon on a three day weekend is to lay on the couch and read a book. Other than a nap in the middle of the experience, that’s what I did today. I read the Supersymmetry by David Walton . It’s the sequel to Superposition , which I read earlier this year. They are both excellent near term sci-fi in the action/adventure save the world while learning physics genre. ...

One of my favorite things in the world to do is lay on my couch and read. Last night I finished Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance. I didn’t expect to love it because I’m usually disappointed by biography written about people who are still alive. I loved it and couldn’t put it down. I started it Sunday afternoon. A big biography typically stretches out over a week for me so gobbling it up in two evenings was pretty fast for me for a chunky (400+ page) biography. ...

Following is a guest post from my friend Eliot Peper. I met Eliot several years ago when he approached me about his first book. I loved his writing and FG Press went on to publish Eliot’s first two books – Uncommon Stock: Version 1.0 and Uncommon Stock: Power Play. Eliot’s third book, Uncommon Stock: Exit Strategy came out recently and the topic is particularly timely. Enjoy some deeper thoughts of his on why. Oh – and grab Eliot’s books – they are awesome. ...

From Chattanooga to Omaha to Las Vegas, many cities in the US – and around the world – are building startup communities. An important part of doing this to attract, retain, and mentor more young people. Behind every successful startup community is a group of young people with their entire life ahead of them. These youngsters aren’t afraid to take on projects bigger than themselves and won’t take no for an answer. They come from all different walks of life, places around the globe, and with varied experiences and knowledge. And they all come with enthusiasm and a desire to learn. Over time, as they learn who they are as young adults, they grow the communities they are a part of into something unique. ...

Ernest Cline’s second book, Armada , is almost as wonderful as his first book, Ready Player One . While plenty of folks on Amazon are giving it mediocre ratings, I think it’s because they don’t understand what Cline really did here. Both books are scifi. Both books are heavily gamer influenced. Each moves fast. However RPO is complicated while Armada is straightforward. And that’s important, since RPO is missing the majority of self-referential human subtext – ala Lost – that Armada is filled with. The DHARMA Initiative has nothing on the Earth Defense Alliance. I mean, c’mon, even the EDA logo kicks DHARMA’s logo lameness. ...

On Saturday, I polished off Hot Seat: The Startup CEO Guidebook . I started it last weekend at the tail end of my Weekend Reading on Startup Communities but four books weren’t in me so I didn’t finish it. It was excellent and is now on my “all startup CEOs must read” list. My recommended book list for startup CEOs is very long, but there are only three books on the must read list. ...