Do More Faster in PE Hub
I periodically write the first column for PE Hub. Dan Primack, who is now writing a great column at Fortune called Term Sheet used to do this; there are now
I periodically write the first column for PE Hub. Dan Primack, who is now writing a great column at Fortune called Term Sheet used to do this; there are now
Simplification and iteration are two key themes that repeatedly show up in the stories from Do More Faster. Today I’ve been watching a real-time case study of those two themes unfold from our portfolio company BigDoor. The guys at BigDoor are trying to build a platform that powers game mechanics for any site or app, and they recognized early on that this isn’t as simple as just adding badges to your site and calling it good. So they built a powerful and flexible API that allows site owners and developers to create a meta game that will compliment and promote the site experience, not just be a tacky add on. That is the right approach, but with flexibility and power comes complexity and as a result there has been fairly high learning curve for a publisher or developer to use their system.
At a talk I gave recently to a room full of first year graduate business school students, I was asked “what motivates me.” Before I answered, I felt compelled to explain what intrinsic motivation is and used the following example to describe it. “Tonight, I’ll spend about 90 minutes talking to y’all. I’m doing it because I enjoy it and I learn from it. While I hope it is useful to you, that’s not the reason I’m doing it. While I hope you have fun, learn something, and enjoy our time together, I won’t feel better or worse if you do. In fact, since my goal is to learn from everything I do, I’d much rather you give me feedback about things you think could have improved our 90 minutes together.”
Sunday morning I read The Power of Less by Leo Babauta. I’m a big fan of Leo’s Zen Habits blog (I was turned onto it a few months ago by Amy) and I had high hopes for the book. It delivered. Several times a week I hear from a friend or colleague that he or she is overwhelmed with the amount of stuff going on in their world. Occasionally someone ends up in my office in tears as they struggle to make sense of the madness that has become their life. I continuously gets email responders from people I email that say some variant of “I’m way behind on email – be patient” which is often foreshadowing for their subsequent blog post or tweet that says “I’ve declared email bankruptcy – starting over.”
One of the events on our Do More Faster book tour will be something we are calling Angels in the Architecture. Mike Platt from Cooley (one of our book tour sponsors) came up with the idea of doing an hour long session with a panel of entrepreneurs, angel investors, and VCs discussing the dynamics between angels and VCs. Having been all three, I find this a particularly important topic and it’s something we spend a lot of time discussing at TechStars in the third month as the teams gear up for their financings.
Now that Do More Faster is out and I appreciate how hard it is to write and publish a book, I read every book through a different (more appreciative) lens. This morning, I spent three hours on the coach and plowed through Behind the Cloud: The Untold Story of How Salesforce.com Went from Idea to Billion-Dollar Company-and Revolutionized an Industry. It was excellent. Marc Benioff, the founder and CEO of Salesforce.com, tells the story of Salesforce.com in 111 short stories. He mixes each story with clear advice, from his perspective, about creating, building, and scaling a business. I loved the format that Benioff used to organize these stories into clear themes, while still marching linearly through the story of Salesforce.com.
I think the best way for entrepreneurs – especially first time or aspiring ones – to learn is to hear stories from other entrepreneurs. That was one of the motivations for David Cohen and I to write Do More Faster. There are two such stories in Westword Denver this week. Both are companies I’ve been involved in that have gone through the TechStars program in Boulder. And both are rich in content.
With the release of our book “Do More Faster: TechStars Lessons to Accelerate Your Startup“, my co-author David Cohen and I are taking the show on the road. Next week is Palo Alto on Tuesday, Los Angeles on Thursday, and Seattle on Friday. In most cities, we are doing four separate events: Pitch More Faster: Several emerging local companies will present their companies to me and several other local VCs. They will provide direct and specific advice to each company on how to improve their pitch and/or their business. This is an invite only event.
On Monday, 10/11/10 from 6:15pm to 7:30pm I’ll be interviewing Greg Maffei (CEO of Liberty Media) and Michael Zeisser (SVP of Liberty Media) as part of the Silicon Flatirons Entrepreneurs Unplugged series. Over the past few years I’ve become good friends with Michael as he’s been a dedicated mentor to TechStars Boulder and contributed a chapter to Do More Faster. I’ve also gotten know Greg as he’s been active in and provided leadership to the broad Colorado technology landscape, as well as being CEO of one of the most significant and important technology companies in Colorado.
During the Tahoe Tech Talk three hour Q&A segment with the panelists, someone in the audience asked about how to create a stronger entrepreneurial community in their city so that it could be “more like Silicon Valley.” After a little banter, Chris Sacca and Dave Morin called me up onto stage to do a short riff on what we’ve done in Boulder and what makes it special. Damon Clinkscales recorded it on his iPhone – the three minute video is embedded below.