Foundry

This morning my partners at Foundry Group and I announced that we are going to make 50 seed investments of $50,000 each on AngelList between now and the end of 2014 . We’ll be doing this via AngelList’s new Syndicate approach through an entity called FG Angel where we will create a syndicate of up to $500,000, allowing others to invest $450,000 alongside anything we do. For now, we are using my AngelList account (bfeld) which I’ve renamed Brad Feld (FG Angel). We are working with Naval and team at AngelList to get this set up correctly so that a firm (e.g. Foundry Group) can create the syndicate in the future, at which point we’ll move the activity over to there. ...

Our new video is almost out. Let’s do over / under bets on whether it’ll be here before Twitter goes public. In the mean time, enjoy the teaser. If you’ve forgotten what you are in for, or never saw the first video, take a look at I’m A VC.

I’m crazy proud of my partners Jason Mendelson and Ryan McIntyre for their band Legitimate Front. In addition to being VCs, we each have a creative outlet that is super important to us. Mine is writing books ; their’s is creating awesome music. In August, their released the first album from their new band Legitimate Front. The idea of staying up until midnight on a Saturday night at The Fox Theater in Boulder is an odd thing for me, but I showed up and rocked out with them. And was totally, and completely, blown away. [youtube https://www.youtube.com/watch?v=R9Hbegg1-zw%5D ...

Everyone needs a diversion. We’ve updated our Foundry Group web site with the new Liquidation Preference beer photo . Yes – we make beer – or at least my partner Ryan McIntyre and our long time friend Matt Galligan does. If you miss our old web site pictures, you can now get to them via the diversion tab on the top right. Seth as Frankenstein, Jason as Don Draper, or Ryan at Mr. Pink (or was he Mr. Blonde?) – how could that not make you smile. ...

In the “if you can’t laugh at yourself, who can you laugh at” category, I present the video I’m A VC. The formal press release, Foundry Group Premiers Documentary Film About Secret Lives of Venture Capitalists , explains things more fully. My partner Jason Mendelson created, composed, wrote, sang, and produced the whole thing and explains the back story of I’m a VC on his blog. It’s awesome working with incredibly talented people who have a sense of humor and a willingness to make fun of themselves while letting me make fun of myself. And no – I can’t dance for shit, nor can I sing. ...

Once a quarter my partners (Seth , Ryan , Jason) and I spend 48 hours together. Unlike a typical offsite that ten zillion organizations have, we tend to spend less time on formalities and more time on wider ranging, forward looking discussions about what we are doing, both professionally and personally. Last night, over an amazing meal, we ended up talking about what we’ve been investing in over the past four years. When we reflect on the 37 companies we’ve invested in since we raised our first Foundry Group fund in 2007 , we’re delighted with the mix of companies and entrepreneurs we are working with. We have a very clear thematic strategy that we’ve discussed openly, along with a few other key principles such as being willing to invest anywhere in the US and being syndication agnostic. ...

Today Seth posted a new blog on the Foundry Group site titled Foundry Group’s AdTech Investing: Adhesive. While we’ve seen a billion AdTech related investments, we’ve only made a few of them over the past three years. We are huge believers in the macro of digital advertising, but we think the morass of much of the online ad world is just that – a morass. So we’ve avoided large swaths of the digital advertising world, instead focusing our energy on the ones that fit in our Glue theme . ...

We’ve put up a post on the Foundry Group site about a new theme of ours we are calling Distribution . We’ve been investing in this theme for a while but have continued to formulate exactly how we think about it. I’ve talked about our thematic approach to investing many times in the past. Every now and then it feels like it’s worth a quick post on our current themes. They are: ...

We got tired of Google having all the fun so we put up a new drawing of us on the Foundry Group home page. Google also did a nice job with the Mystery Machine in the background. Happy Halloween from Brad “Not your Mummy” Feld, Seth “Franken-Levine”, Ryan “El Diablo” McIntyre, and Jason “Count” Mendelson.

I’m at Newark Airport waiting for my plane to take me to Quebec for the Quebec City Conference where I’m being interviewed at the end of the day by Rob Cox of Reuters Breakingviews. Yesterday Rob and I had a short call so he could get to know me a little better. As he was probing me about Foundry Group and what makes us tick, we started talking about what we refer to as “deeply held beliefs.” In my first company (Feld Technologies) we referred to these as “precepts” As we were talking through them, I realized that they defined us, and how we work, extremely well. ...