Bre Pettis' Survival Guide to a Hospital NICU

Congrats and good karma to my friend Bre Pettis on being able to take his new child – Nika – home from the NICU. Over the last few months as we were working together to close the MakerBot financing, Bre and his partner Kio Stark had Nika prematurely, which resulted in a bonus six week stay in the NICU. I talked to Bre a number of times during this period, often when he was camped out at the NICU, and he was remarkably calm and engaged during this period.

August 29, 2011 · 1 min

Reinvent Vacations For a Global Mobile Era

Rosabeth Moss Kanter has an excellent post up on the HBR Blog titled Should Leaders Go on Vacation? Recently, I’ve seen plenty of commentary in the popular press (especially Fox News articles) about the inappropriateness of leaders taking vacation. Kanter does a nice job of dissecting the dynamics around leaders going on vacation and suggests the leader address five questions in the context of the vacation. What is the vacation narrative? What is the vacation timing? What is the rest of the team doing? Are there continuity, backup, and contingency plans? What is the vacation symbolism? I’m a huge believer in the importance of vacations for leaders, entrepreneurs, and everyone else. I work extremely hard – usually 70+ hours a week. This is simply not sustainable, at least for me at age 45, over a period of time longer than about three months. I eventually burn out, get tired and cranky, become less effective, and get sick. Vacations are a way for me to recharge, build my energy back, explore some different things, spend extended and uninterrupted time with the most important person in my life (Amy), and just chill out. This vacation usually takes the form of a Qx Vacation that is off the grid which is now well known to everyone who works with me.

August 28, 2011 · 3 min

Come To The TechStars Documentary Launch Parties!

On September 13th the Bloomberg TV Show TechStars launches. TechStars will be having launch parties in Boulder, New York, Boston, and Seattle. If you are an entrepreneur, or part of the entrepreneurial community in any of these cities, sign up now to participate. I’ll be in Boulder and am really looking forward to an evening celebrating entrepreneurship and hanging out with a bunch of my favorite people.

August 26, 2011 · 1 min

Overview of Balance Sheet and Statement of Cash Flows

When we were last with our SayAhh cofounders, they had implemented an accounting system and Jane had contributed $50,000 for a 55/45% equity split. This week we introduce two of SayAhh’s key accounting documents: the Balance Sheet (BS) and Statement of Cash Flows (SCF) showing how this investment is accounted for. The investments by the founders created two transactions. Since SayAhh is a C corporation that is incorporated in Delaware, they decided to have a very low non-zero par value for their shares, set at $0.00001, to prevent higher franchise stock taxes. Thus for the 10M shares issued to the them, Jane invests $55 and Dick invests $45. Jane also invests $50,000 as previously agreed. These deposits increase the checking account balance and also the equity accounts, and results in a solvent company and a decent starting bank balance.

August 26, 2011 · 2 min

A Better Way To Play Golf With Your iPhone

Play golf? Just watch the video. Then go pre-order a Sphero. Office Golf with Sphero the robotic ball from GoSphero on Vimeo. If you want to see the app behind this, Orbotix has a longer description on their website.

August 25, 2011 · 1 min

Foundry Group Invests In MakerBot Industries

Today we announced that we’ve led a $10m round for MakerBot Industries and I’ve joined the board. I’m super excited to be working with Bre Pettis, Adam Mayer, Zach Smith, and the rest of the MakerBot gang to create consumer-grade 3D printers. When I first met Bre, Adam, and Zach at the Botcave in Brooklyn, it was love at first sight for me. The entry way to the BotCave has a series of Thing-O-Matics (the current MakerBot 3D printer) printing out all kinds of things. A display space of 3D things sits next to a vending machine with 3D parts in it, which all open up into a warehouse space full of tiny little parts neatly arranged and being put together in kits to be shipped. At the back were a bunch of people banging away on computers.

August 23, 2011 · 2 min

Running America

Over the weekend I read Running on Empty: An Ultramarathoner’s Story of Love, Loss, and a Record-Setting Run Across America written by Marshall Ulrich. Ulrich is one of the most amazing ultra-distance runners in the history of man and turns out to be a great story teller as well. I founding his book to be riveting and subsequently downloaded the movie about the run across America that he did called Running America 08.

August 22, 2011 · 2 min

Jessica Schallock – Artist

Amy and I collect contemporary art. We often make friends with the artists who we collect. Occasionally people who are our friends become artists. Jessica Schallock fits into this category We’ve been friends with Jessica for a decade. Her family lives next door to us in Homer, Alaska and we’ve known Jessica since she was 12. We’ve watched, with much joy, as she’s grown into an amazingly talented young women.

August 21, 2011 · 1 min

The Making Of The Bloomberg TechStars Show

David Cohen, the CEO of TechStars, is doing a weekly show called ThisWeekIn TechStars. Episode 3 – which is now up – is the story of the making of the Bloomberg show “TechStars” which premiers on September 13th. David interviews Elizabeth Gould, the Bloomberg Executive Producer for the show. I’ve gotten to know Elizabeth over the past few years and she’s really incredible. While I’ve been interviewed for TV plenty of times, I’ve never participated in a long form show. In this case, the TechStars show will be seven episodes that are each 30 minutes long. While I play a small part, watching the process unfold, the work required to put together a show like this, and the effort that Elizabeth and her team put into this was remarkable and really cool to see and experience.

August 20, 2011 · 1 min