CED Venture Conference 2010
If you happen to live in North Carolina or regularly attend the CED Venture Conference (the Southeast US’s longest running early stage company financing conference), come say hello to me
If you happen to live in North Carolina or regularly attend the CED Venture Conference (the Southeast US’s longest running early stage company financing conference), come say hello to me
Monday night, I’ll again be the co-host of Entrepreneurs Unplugged where we will be interviewing Tyler Tysdal, the Managing Director of Mantucket Capital. We’ll start at 6pm at the CU Boulder ATLAS center. Tyler has a neat background as both an entrepreneur and investor and I expect this will be another fun and enlightening session. Tyler’s background follows: Mr. Tysdal serves on the Board of Directors for the following Mantucket Capital portfolio companies: BrandJourney Capital and PRN Medical Services. His investment background includes venture capital, buyouts, restructurings, hedge funds, real estate, public equities, bonds and several entrepreneurial ventures. Prior to joining Mantucket Capital, Mr. Tysdal founded a private equity firm primarily focused on healthcare, media & entertainment and secondarily on real estate and construction services. Mr. Tysdal is also the founder of Sports Shares, a fractional luxury suite club. He began his career in investment banking with Alex. Brown & Sons, focused on corporate finance and mergers & acquisitions. Mr. Tysdal graduated with an MBA from Harvard Business School and a BSBA in Finance from Georgetown University
I know I owe everyone a follow up to my post from last week titled The Proliferation of Standardized Seed Financing Documents. To the many of you out there that emailed me in response, thanks for all of the thought, ideas, suggestions, and offers of help. More on that soon. In the mean time, I noticed today that Dow Jones is running a seminar titled Negotiating an Angel Deal: What Angels, Entrepreneurs & VCs Need to Know. My partner Jason Mendelson is one of the panelists, along with several other notable lawyers and angel investors. If you are interested in this particular topic, I expect there will be a “robust” discussion as I know that the opinions between a few of the folks on the panel vary pretty widely. If you are interested, sign up here.
Over the years, a number of companies I’ve been an investor in have had hackathons. These are typically day long events where everyone in the company works on whatever cool new ideas they have. On Monday night I got a note from a company I’m on the board of about a hackthon they just completed. As I looked through the list of things that the various teams created, I got chills of excitement.
Today, Amazon’s 1-Click patent was confirmed following a four year re-examination. Amazon now has ownership of a highly controversial and very absurd patent which I hope will only be used defensively. This a classic example of a “business method patent” that should simply not exist. I continue to wait patiently to see what the Supreme Court says re: Bilski. In other patent news, Google and Facebook were sued over a social network patent. This was a patent issued in October that apparently has something to do with how people join social networks on mobile phones. Egads.
These people are way cooler than I could ever be. At least I have something to aspire to.
I’ve been an Amazon Associate (Amazon’s affiliate program) for many years. Today I got the following notice in my Amazon Associates account. and I woke up to the following email. Dear Colorado-based Amazon Associate: We are writing from the Amazon Associates Program to inform you that the Colorado government recently enacted a law to impose sales tax regulations on online retailers. The regulations are burdensome and no other state has similar rules. The new regulations do not require online retailers to collect sales tax. Instead, they are clearly intended to increase the compliance burden to a point where online retailers will be induced to “voluntarily” collect Colorado sales tax — a course we won’t take. We and many others strongly opposed this legislation, known as HB 10-1193, but it was enacted anyway. Regrettably, as a result of the new law, we have decided to stop advertising through Associates based in Colorado. We plan to continue to sell to Colorado residents, however, and will advertise through other channels, including through Associates based in other states. There is a right way for Colorado to pursue its revenue goals, but this new law is a wrong way. As we repeatedly communicated to Colorado legislators, including those who sponsored and supported the new law, we are not opposed to collecting sales tax within a constitutionally-permissible system applied even-handedly. The US Supreme Court has defined what would be constitutional, and if Colorado would repeal the current law or follow the constitutional approach to collection, we would welcome the opportunity to reinstate Colorado-based Associates. You may express your views of Colorado’s new law to members of the General Assembly and to Governor Ritter, who signed the bill. Your Associates account has been closed as of March 8, 2010, and we will no longer pay advertising fees for customers you refer to Amazon.com after that date. Please be assured that all qualifying advertising fees earned prior to March 8, 2010, will be processed and paid in accordance with our regular payment schedule. Based on your account closure date of March 8, any final payments will be paid by May 31, 2010. We have enjoyed working with you and other Colorado-based participants in the Amazon Associates Program, and wish you all the best in your future.
One of the great things about living in Eldorado Springs, Colorado is interacting with nature on a daily basis. Protecting the environment has been a priority of mine for many years. Every now and then I like to call out a non-profit organization that I support that I think does an excellent job of helping protect the environment. Colorado Conservation Voters is one of these groups. CCV works to turn conservation values into Colorado priorities by educating legislators and the public about important environmental issues, helping pro-conservation candidates win their elections, and then holding our elected officials accountable. Most importantly, they do it efficiently as they are a group that has influence and reach much larger than their budget would indicate.
If you live in Boulder, it’s time to help bring the Google Fiber experiment to our awesome city. A bunch of folks from all over Boulder are working on the Boulder Fiber project to help us become one of the cities for the Google Fiber for Communities project. Boulder is a perfect city for this. When I moved here in 1995 I didn’t expect to engage in much business as I was spending most of my time in Boston, NY, and San Francisco. However, I discovered an incredibly smart community that was extremely computer and Internet savvy. As the commercial Internet started to take off in the mid-1990’s, Boulder was a hotbed for Internet usage and innovation as we rapidly became an incredibly wired city. I attributed this to the convergence of (a) a smart, well-educated population, (b) a university at the core of the city, (c) a bunch of national labs, (d) a solid legacy of tech startups, especially around storage, cable, and telecom, and (e) a strong culture of independence which was well suited to all things Internet.
On Thursday, March 18th (during CU Entrepreneurship Week) there is going to be a great Silicon Flatirons Conference on “The Role of Place”. Brad Bernthal, who is chairing the conference, leads with a great quote from Harvard Professor and Monitor Group co-founder Michael Porter. “Paradoxically, the enduring competitive advantages in a global economy lie increasingly in local things – knowledge, relationships, and motivation – that distant rivals cannot match.” I’ve spent a lot of time thinking about this personally given all my work around the Boulder entrepreneurial community, TechStars, Foundry Group’s investments in different parts of the US, and the Startup Visa initiative.