Entrepreneurship

My partner Seth Levine is writing a blog series on Designing the Ideal Board Meeting . Seth and I have each attended over 27,367 board meetings. Ok, I don’t know the actual number, but it’s a lot. We’ve both been on good boards and bad boards. Boards that have helped companies and boards that have sunk companies. Boards that know how to resolve conflict and boards that have multiple passive-aggressive actors engaged in a complex dance that serves no one, especially the company. ...

While we aren’t LPs in Eniac Ventures , we are big fans of the team. So, it was my pleasure to be interviewed by Hadley Harris as part of their Seed to Scale Podcast . The interview ended up being two episodes and, while listening to it in the car, I felt like it was one of the better recent interviews that I’ve done. Hadley and I talked for about an hour and then he edited the discussion down into two ten minute podcasts, so he pulled out the good stuff and left all the garbage on the cutting room floor. ...

I’ve written several times about leveling the playing field for women in tech, including our own actions at Foundry Group . I’m always keeping my ear to the ground for how to do this better. Recently, I was connected to Kate Catlin, the Founder of Find My Flock, by my partner Jason. From the outside, it looks like Find My Flock is a tech job board that is enthusiastically open to all. What isn’t obvious is that they did 100% of their product research, design, and UX testing with developers who happen to be women and/or people of color. ...

I love today’s post from Fred Wilson titled The Valuation Obsession . It has some good hints in it about valuation vs. ownership dynamics for founders, employees, and investors. It also calls out the silliness about focusing on the wrong things. Go read it. I’m even a bigger fan of a statement Fred makes in the post that William Mougayar calls out in the comments. “I like to invest in companies that smart people are joining. Capital should follow talent, not talent following capital.“ ...

I did a fun interview with Jeff Martin of Collective Genius as part of his LeadByChange interview series. It’s 20 minutes on the Boulder Creek Path. We talk about Leadership, Obsession, Battlestar Galactica, Techstars, Privacy, The Wire, and a few other fun things, including whether the machines have taken over (or rather, when they took over.) Enjoy!

I read Bad Blood: Secrets and Lies in a Silicon Valley Startup last week on my Q2 vacation. In my post talking about the various books I read , I wrote the following about it. “Every entrepreneur and VC should read this book. John Carreyrou has done something important here. Maybe this book will finally put a nail in the phrase “fake it till you make it”, but I doubt it. The amount of lying, disingenuousness, blatant and unjustified self-promotion, and downright deceit that exists in entrepreneurship right now is at a local maximum. This always happens when entrepreneurship gets trendy. Carreyrou just wrote a long warning for entrepreneurs and VCs.” ...

I’ve been friends with Alex Iskold for over a dozen years (I was an angel investor in GetGlue, which USV funded.) Alex has been the Managing Director of Techstars NY for a number of years and I think he’s now run seven programs and built an impressive portfolio of around 80 companies. I’m a huge Alex fan and love his writing. Recently, he put together a bunch of great blog posts on his site under a heading Startup Hacks . He has divided them into the following topics: Fundraising, Managing Investors, VC and Business Intros, Metrics and KPIs, Product and Marketing, Productivity, Founding Team, and Accelerator. ...

I’ve been investing in natural food related business for a while . I do this partly because I’m interested in what we eat, but mostly because I can’t make angel investments in tech companies anymore because of my Foundry Group fund agreements. And I enjoy making angel investments … Boulder is the starting point for the natural foods industry, dating back to the founding of Celestial Seasonings in 1969. A year ago, the New York Times had a long article titled Foodies Know: Boulder Has Become a Hub for New Producers that explains why Boulder is so popular among natural foods companies. The number of food meetups and events in Boulder (including Startup Weekend Boulder Food + Tech) as well as events and initiatives all around the state of Colorado has reached a critical mass. Our friend, Kimbal Musk, who according the the New York Times Wants to Feed America, Silicon Valley-Style is based in Boulder (and, ahem, not Silicon Valley.) ...

This article, Engineers Are Leaving Trump’s America for the Canadian Dream , stimulated a simple thought for me. Canada has a huge, near-term competitive opportunity over to the US. I have a deeply held belief that US entrepreneurship has benefited extraordinarily over since World War II due to the desire of people from around the world to come to make their lives in the US. While this immigration philosophy started with the drafting of the Declaration of Independence in 1776 (and arguably before that with the European colonization of America), it transformed entrepreneurship, the US economy, and the US’s place in the world dramatically from the 1950s on. ...

Tonight, the New Venture Challenge at CU Boulder is having its 10th anniversary. It’s happening at the Boulder Theater from 5:30 pm – 7:30 pm and is open to the public. Register here to attend if you are interested . My partner Jason is leading the judging panel, which includes: Abby Barlow, partner and director of Investment Research at Crestone Capital Stephanie Copeland, former president of Zayo Group and current executive director of the Colorado Office of Economic Development and International Trade Anthony Shontz, managing director of Private Equity at Partners Group Dan and Cindy Caruso and Amy and I contributed the prizes, which total $100,000. ...