I was in a conversation last week with a friend who asked “do you think this is the beginning of the end?” We were discussing something totally wacky that had just happened that clearly could be viewed as an indicator that we have crested the peak of this economic cycle. Then, earlier today, I was on the phone with one of my favorite lawyers and he made a joke about a deal I’m doing as harkening back to the late 1990s. He asked if I thought it was an indication of the top of the cycle. We had a good chuckle (probably PTSD gallows humor from 15 years ago) and I suggested that they slow down the hiring of the associates at their law firm so they wouldn’t have to lay off so many in the inevitable downtown.

My long time friend Jeff Hyman has started a new business called Startup Therapist. In addition to a different hair style and some great content, he has an interview up with me. I was a seed investor in Jeff’s first company, Career Central. It was the very first investment I did at Mobius (via Softbank – prior to us raising our first fund) and it was doing great until the Internet bubble collapsed and no one was hiring anyone. We kept in touch over the years and I was an early customer and big supporter of Retrofit, Jeff’s most recent company.

Jonathon Triest and Brett deMarrais of Ludlow Ventures are doing a fun video podcast series called Carpool.VC. As Jonathan and Brett drive to work, they do a podcast interview. It’s hilarious, fun, and informative. I did it early (6am California Time) on Tuesday. In it, you’ll learn my spirit animal, doppelganger, how Jonathon and I met (I’m now an investor in Ludlow Ventures), and a bunch of other random things. I also agreed to sponsor the episode for $1.70.

Last week I participated in a podcast hosted by A16Z titled How Innovation Ecosystems Grow Around the Globe. I got to talk with AnnaLee Saxenian, the Dean of the UC Berkeley School of Innovation. Her book, Regional Advantage, had a huge impact from on my thinking around Startup Communities. From a 2010 blog post of mine about a bunch of books that I had read on a week off the grid.

As I schlep through the San Jose airport at 5:30am to catch a flight to Los Angeles, I have a moment of nostalgia. I haven’t been here in a while since I’ve dramatically cut back on my travel, but I’ve probably wandered through this airport pre-dawn 50 times. Thirty minutes ago when I got here, the airport was empty. I just had a morning call with Amy and now I’m watching the gate area fill up with mostly sleepy and occasionally noisy people. The smells are a complicated mix of antiseptic, sweat, deodorant, and perfume with cooking food mixed in. It sort of feels crisp and contemporary here, but in a way that I know will feel dated in a decade, like most airports.

I participate in multiple conference every day. While I can’t change much about the general tediousness associated with 15 different people all joining a call within a five minute window, I can do something about the misery of pressing 18 different numbers on a phone to join the call. MobileDay solved this problem for smart phones several years ago when it launched. If you want to join a conference call (or any phone call) on your iOS or Android phone, just use MobileDay. Press one button – join whatever call is next on your calendar – automagically.

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.

On my run this morning (yay – I’m running again) I listened to a wonderful podcast between Jerry Colonna and Bijan Sabet called Investors are Human Too – with Bijan Sabet. If you follow me, you know that I’m incredibly close friends with Jerry (he’s one of the people on this planet that I comfortably say that I love). I’m also a huge fan of his company Reboot.io. If you want a taste of what they do, listen to a bunch of the Reboot podcasts (I’ve listened to them all and the least interesting one is still excellent.)

Yesterday we closed our fifth fund, Foundry Venture Capital 2016, L.P. As with all four of our other funds, it’s a $225 million fund. In 2007 we raised our first fund – Foundry Venture Capital 2007. We subsequently raised a $225 million fund in 2010, another one in 2013, and a late stage fund in 2013. Our 2013 fund was originally raised in 2012, but we didn’t start investing it until 2013 so we renamed it 2013.