Ignore Trends and Predictions

This first appeared in the Wall Street Journal’s Accelerator series last week under the title Don’t Believe the Hype. Every year, at this time, I get a flurry of requests for my “predictions for 2013” or “exciting, hot, new trends for 2013 that I’m looking at.” I respond with “I don’t care about trends and my only prediction is that one day I will die.” This is usually not a particularly satisfying response to whomever sent me the request. One of two things happen: They either ignore my response and drop me from their prediction request list for whatever article they are writing. Alternatively, they press a little further, usually with something like “c’mon, you’re a venture capitalist — you must have an opinion about what is going to be hot next year.”

December 30, 2012 · 2 min

The Mess of a Second Edition Book

The Second Edition of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist just started shipping. It’s new and improved, fixes a bunch of little mistakes that we listed on the Ask the VC site, and adds a chapter on Convertible Debt which builds on the posts on Ask the VC. I’m happy it’s out, but really annoyed by the mess that is created by the second edition.

December 29, 2012 · 4 min

Will 2013 Be Harder For Startups Than 2012?

tl;dr: Fuck, I don’t know. I’m not in the prediction business. But plan for it. And behave accordingly. A lot of people have been talking about how 2013 will be harder for startups and fast growing companies. Tiresome things like the endless discussion about the Series A crunch, more conservative behavior from VCs due to the performance of Facebook, Groupon, and Zynga in the public market, and overall concerns about the economy dominate. Counterarguments prevail as different people try to predict and justify what’s going to happen.

December 28, 2012 · 3 min

Christmas Isn't Awesome For Everyone

This is a tough time of year for a lot of people. I used to be one of them. And I’ve gotten over it, and myself, which I attribute 100% to Amy helping me figure it out and not being willing to put up with my nonsense. But it’s a useful reminder for those who think it’s awesome for everyone. While the Christmas and New Year’s holidays can be a restful, restorative, wonderful family time, it can be excruciating for those who are depressed. It can be oppressive rather than restorative to those who are exhausted and worn out from the year. And for those who feel pressure from being immersed in their family, or who feel unresolved tension in their relationships, it can be a nightmare.

December 26, 2012 · 5 min

Hope Is Critical To A Strategy

There has been a cliche going around the last decade or so that goes “hope is not a strategy.” It inspired a book titled Hope Is Not a Strategy: The 6 Keys to Winning the Complex Sale and is repeated often by VCs in boardrooms when they are confronted with companies that are flailing, especially when trying to reach their revenue goals. I’ve been guilty of saying it a few times although it always left a funny taste in my mouth and I didn’t know why until this morning when I read a great essay (unpublished at this point) by Dov Seidman, the the Founder and CEO of LRN. In it Dov has a great punch line.

December 25, 2012 · 4 min

Book: Ender's Game

My post The Best Science Fiction Books of All Time from a few weeks ago got 100+ comments with some amazing suggestions. I’d read a bunch of them, but I discovered a lot of new things to read. One that appeared over and over again that I hadn’t yet read was Ender’s Game by Orson Scott Card. I gobbled it down last night and this morning while trying to shake the holiday cold that decided to inhabit my body.

December 24, 2012 · 2 min

Maxims To Chew On From My Interview With 33voices

A month or so ago I did an interview with Moe Abdou of 33voices. I do a lot of interviews, but this one stood out to me as Moe did a great job of moving the conversation around and pulling some great stuff out of me. Because it was a longish interview, Moe broke it into Part 1 and Part 2. If you don’t want to listen to the whole thing, Moe compiled some of the maxims and one-liners into a nice slide deck.

December 23, 2012 · 1 min

The Hitchhiker's Guide to the Boulder Startup Community

David Cohen just put up The Hitchhiker’s Guide to the Boulder Startup Community. It’s a short presentation that you can look at below and is a great way to get a lay of the land in the Boulder Startup Community. This will be an organic document so if you are doing something that you want us to add, just leave a note in the comments and we’ll update the doc.

December 22, 2012 · 1 min

Angry, Hostile, and Bitter Is Not A Winning Strategy

We are sandwiched between Thanksgiving and Christmas in a country that is recovering emotionally from two disasters named Sandy – one natural (Hurricane Sandy) and one man-made (Sandy Hook). Our politicians in Washington are playing a zero-sum game around the Fiscal Cliff. The CEO of the NRA just held a press conference and said “we should be able to afford to put a police officer in every school” and he called on Congress “to appropriate whatever is necessary to put armed police officers in every school in this nation.”

December 21, 2012 · 3 min