Why We Pass Quickly On Things
I passed on something referred to us by a close VC friend (who I’ll call Joe) who I’ve done a bunch of investments with over the years. A few minutes
I passed on something referred to us by a close VC friend (who I’ll call Joe) who I’ve done a bunch of investments with over the years. A few minutes
I’m hanging out with Morris Wheeler and his family for a few days in Cleveland. I first met Morris through my friend Howard Diamond, currently the CEO of MobileDay (which I’m on the board of). Both Morris and Howard are extraordinary Techstars mentors, so I was motivated this morning to knock out another post in my Deconstructing The Mentor Manifesto series as foreplay for me starting to work on my next book, #GiveFirst.
I’ve been very open about my struggles with depression over the years. A few weeks ago, I participated in a Q&A with Greg Avery at the Denver Business Journal titled Brad Feld Q&A: Bringing depression out of the shadows in startups. It was part of a more extensive series on Depression, entrepreneurs and startups. Since I’m still getting emails about it, I thought I’d republish the Q&A here.
I heard a rumor on a call the other day that some startup companies are starting to keep balance sheet cash in higher yield instruments such as corporate debt. This is apparently becoming trendy again as private companies do $25m+ rounds and end up with a bunch of cash on their balance sheets. This scares the shit out of me. As a high growth startup, I think you should be focusing on maximum protection for your cash, even if the yield is 0%.
I’ve been to a gazillion board meetings. I’ve written a lot about them including a book called Startup Boards: Getting The Most Out of Your Board of Directors and piles of board meetings posts on this blog. I still do a lot of them, but I’ve definitely been on a quest the past few years to (a) figure out what works best and (b) try to organize my world around more effective board meetings based on what I’ve learned.
I’m a huge Google Hangouts user. It’s typically a multi-day occurrence that I’m on a hangout and one of the devices connected to the mega-video-conferencing setup in my office is a Chromebox. A few months ago I got Google Hangouts errors intermittently for a few weeks but it magically cleared up. I noticed it again on Sunday and it has been constant on all my computers in multiple locations on different networks.
This is one of my favorite lines to use to explain the business life I live. When asked what it’s like to be a partner in a VC firm, be on a bunch of boards, and have a continuous stream of random interaction come my way, I like to level set my reality. It’s simple. Something new is fucked up in my world every day. Now, just because something new is fucked up, doesn’t mean I’m unhappy. Quite the opposite – I’m usually happy, although when the pile of fuckedupness gets high enough I get tired. And day after day after day of 12+ hour days also make me tired. I used to be able to work through the weekends – now at 49 years old I need them to recover, get patched up by Amy, and get ready to go back out there.
I’ve been working on the Startup Visa since I first wrote about it on 9/10/2009 in my post The Founders Visa Movement. While there has periodically been improvement on the margins on the issue, I think our federal government has broadly failed us on this front. So, I’m going to try something different. Yesterday, CU Boulder announced a new Entrepreneurs in Residence program to be administered by the Silicon Flatirons program. While the program is open to any entrepreneur, including those in the US, we are particularly focused on international entrepreneurs.
As of today The Intel Trinity,The: How Robert Noyce, Gordon Moore, and Andy Grove Built the World’s Most Important Company wins my award for best business book of 2015. I got an Apple ][ for my bar mitzvah in 1978. Ever since then I’ve been fascinated with computers and the computer industry. I obviously missed the 1950s and 1960s, but the history of that time period has deeply informed my perspective, especially the definition of Moore’s law by Gordon Moore in 1965.
As Sean Wise and I roll through the Canadian edition of our tour for our latest book, Startup Opportunities: Know When to Quit Your Day Job, we’ve been talking a lot about the starting point of one’s entrepreneurial journey. I’ve talked about mine intermittently but was reminded recently about a summer that really started me down the entrepreneurial path. Anyone out there recognize the house on the left? If your name is John Underkoffler, Pat Ruekert, or Mike Barron, you may remember one fine summer in 1986 when you lived there with me while I rented the house from Cecelia Feld for our home and office.