Office Hours At The Boulder Bookstore On Monday 9/26
Jason Mendelson and I are doing office hours at the Boulder Bookstore on Monday 9/26. We will be hanging out from 2pm – 5pm and chatting with whomever comes by.
Jason Mendelson and I are doing office hours at the Boulder Bookstore on Monday 9/26. We will be hanging out from 2pm – 5pm and chatting with whomever comes by.
Marathon #18 – the Kroll’s Diner Bismarck Marathon – has been conquered. My goal was to do it under 5 hours – I finished in 4:54:48. It was a small marathon – I finished #100 (out of 124) marathons, #1 (out of 1) for 45 year olds, but #10 (out of 10) for the 45-49 age group. So I got both first and last place on age, depending how you slice it (kind of like how investment bankers do their league tables.) RunKeeper Live worked remarkably well – Amy, my coach Gary, and whomever wanted to track my progress could in real time – and my iPhone still had 60% of its battery left when I finished.
Now that Dick and Jane have added a CTO to SayAhh’s founding team, they’ve turned their full attention to working on their product. Today, we’ll look at the impact of the expenses to date on the P&L, Balance Sheet, and Cash Flow Statement. Since SayAhh is in the pre-launch development stage, the company doesn’t have any revenue yet. They also haven’t launched a product, so there is no corresponding “cost of goods sold” – the direct cost of delivering their product. This results in a gross margin of $0, where gross margin is revenue – cost of goods sold.
I’m running the Kroll’s Diner Bismarck Marathon on Saturday. This will be Marathon #18 in my quest to run one in every state. I’ll be there for a couple of days so I’m open to any restaurant recommendations y’all might have. I’ve decided to try something different on this marathon. While I always wear a watch, I’ve never tried to instrument myself “real-time” for the race. Until recently, I’ve been using a Garmin 305, but it broke this summer when I was in Europe and I switched to RunKeeper on my iPhone.
Before we invested in MakerBot, we bought and assembled a Thing-O-Matic. When I say we, I mean me, Jason, and Ross. It took us about 20 hours (Jason and I did the first half; Jason and Ross did the second half) and was a blast – think of it as an adult lego project. Our Thing-O-Matic has been steadily printing stuff – you can play a game of chess with our Thing-O-Matic pieces. the next time you are in my office.
On This Week In TechStars #6, David Cohen interviews Jason Mendelson on the making of our hard hitting documentary on VCs music video “I’m A VC.” The interview happens in Jason’s basement music studio where much of I’m A VC was written, composed, sung, recorded, and – well – whatever you do in a music studio. If you haven’t yet watched I’m A VC, what are you waiting for? And, if you have a connection to Stephen Colbert or Jon Stewart, give me a shout as we’d love to help them educate the world about venture capitalists, along with helping promote our book “Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist.” Mendelson on the Colbert Report – doesn’t that sound cool?
To everyone who lost someone close to them on 9/11 – I’m sending you every bit of good karma that I can today. While I was in New York that day, I was lucky and didn’t lose anyone close, but I’ll always remember 9/11 and I think about it every time I’m in New York. I’ve always had some survivor guilt around 9/11. I had a lot of emotional trauma from it, but everything ended up fine. My survivor guilt is amplified by my own anxieties around the events that lingered for about three months. I’ve never felt these anxieties were warranted on my part, but they were there and I couldn’t deny them.
I get asked to talk at a conference on a daily basis. I’m flattered by the interest, but it’s impossible for me to accomodate even a small percentage of the requests. I don’t charge anything to speak so I can’t use that as a filter, so I end up using geography and type of participation as my filters. A while ago I wrote a rant against panels and decided I would no longer participate in them. I hate them, I hate being on them, and I hate listening to them. Every now and then I’ll agree for a friend, like I did for Howard Lindzon at the Thunderbird Global Business Dialogue in Phoenix on 11/10, but only because I know that Howard and I will simply have a blast talking about whatever we want with our poor, unsuspecting co-panelists. Plus I wanted to spend a weekend in Phoenix with Amy. So – that’s an easy filter – no to panels.
Last spring Brad Bernthal and Jill Van Matre turned the tables on me and interviewed me for CU’s Entrepreneurs Unplugged series. Normally I’m the interviewer (with one of Bernthal or Jill) – this time I was the interviewee. We went on for about 90 minutes at which point Bernthal asked me if I’d come back for a part 2 in the fall to cover a bunch of stuff he wanted to get to that we hadn’t yet talked about.
Today one of our portfolio companies BigDoor announced the acquisition of San Francisco-based OneTrueFan, a community and web check-in company. We invested in BigDoor a little over a year ago and they’ve made amazing progress on their gamified loyalty platform since then. In addition to having over 300 live customers, BigDoor is also conducting a private beta of a truly innovative solution that they call the Engagement Economy, and we expect it have long lasting implications on how the digital world engages and monetizes their audiences.