New Podcast – Funding Frequency
I do a lot of random podcasts and especially like to be an early guest on new ones to help get them started. 001 – Brad Feld The first five
I do a lot of random podcasts and especially like to be an early guest on new ones to help get them started. 001 – Brad Feld The first five
Claudia Reuter, now the Techstars GM Americas East (and previously the Techstars MD for the Stanley+Techstars Additive Manufacturing Accelerator), has a new book coming out called Yes, You Can Do This! How Women Start Up, Scale Up, and Build The Life They Want. I read the final page proofs while I was in Mexico and it is an excellent book. It’s a combination of a memoir, startup guidebook–especially aimed at women, exploration of gender dynamics in the workplace, and inspiration for women who are considering starting a company. It covers topics such as how to:
The Nan Madol Erling Kagge’s book Walking: One Step at a Time was delightful. On Friday night I had dinner with John Underkoffler. John and I lived together at college and have been friends for over 35 years, working together for the past 13 or so. Our conversation rambled on a variety of topics, as is usually the case when we spend 1:1 time together. After getting after-dinner gelato at Gelato Boy (amazing gelato, terrible name) we wandered down the Pearl Street Mall and then circled back to The Boulderado where John was staying. After dropping him off, I headed back to my car with a short stop in the Boulder Book Store, where browsing and buying a few books is one of my guilty pleasures.
We create narratives about ourselves that become deeply entrenched in our minds and ways of being. Many of them are useless and counterproductive. One of mine is that I am bad at learning languages. This is an artifact from junior high school. I took two years of French and, while I did ok, I didn’t love it. I hated my French III teacher, fought with her, called her an inappropriate name one day, and got kicked out of class. That was the end of my French language experience.
I continue to be a strong supporter of legal immigration to the United States. A fundamental belief of mine is that entrepreneurs should be able to start their companies anywhere they want. A corollary to that is some of the historical success of the US as an entrepreneurial ecosystem has been being the place that entrepreneurs want to start a company. Today, it’s hard to get a visa to start a company in the US. Our legal immigration system is complex and expensive to navigate, and there are few choices for entrepreneurs, especially aspiring entrepreneurs, who haven’t already managed to get a visa.
Dave Jilk was my first business partner (we co-founded Feld Technologies). The photo above is from Dave’s office at 155 Federal Street around 1991. We worked closely together for seven years before selling the company in 1993 to a public company called Sage Alerting Systems, which renamed itself Sage Technologies and then finally AmeriData Technologies. Well, at least the “Technologies” survived that naming transition … Dave recently published a book of poetry titled Distilled Moments. I read it Sunday night and it’s delicious. If you are into poetry, a friend of Dave’s, or just want a taste of something different from your normal reading stuff, grab a copy.
Amy and I driving to dinner with Ben Einstein and Grace Livingston a few months ago. Amy generally dislikes podcasts so she was annoyed with me as I fiddled with my iPhone and Carplay which kept opening my podcast app. Ben said, “Have you listened to The Anthropocene Reviewed?” I responded, “The what what?” Amy said, “Put some music on.” Ben tried again. “Put on The Anthropocene Reviewed Scratch ‘n’ Sniff Stickers and the Indianapolis 500.”
Jason Mendelson and I recently published the 4th Edition of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. The book now has three forewords – one by each of Fred Wilson (USV), James Park (Fitbit), and Dick Costolo (now 01 Advisors, then Twitter). The 1st edition had 13 chapters. We are now up to 19. The Players Preparing for Fundraising How to Raise Money Overview of the Term Sheet Economic Terms of the Term Sheet Control Terms Other Terms of the Term Sheet Convertible Debt The Capitalization Table Crowdfunding Venture Debt How Venture Capital Funds Work Negotiation Tactics Raising Money the Right Way Issues at Different Financing Stages Letters of Intent: The Other Term Sheet How to Engage an Investment Banker Why Do Term Sheets Even Exist? Legal Things Every Entrepreneur Should Know The new chapters in this edition are 11. Venture Debt (with help from SVB), and 17. How to Engage an Investment Banker (with help from Golding Partners).
I’ve always been a vivid dreamer, but I’ve been getting a lot more REM sleep due to the combination of a CPAP machine and the prostate reduction surgery I had last year (solving a “getting older” problem.) Every now and then I write out a dream after I have it just to remember it. Here are a few: Life in 2050, Crazy Vivid Travel Anxiety Dream, and Metabolizing Stress and Anxiety.
Yesterday, Josh Felser of Freestyle Ventures wrote a post titled For the Love of Founders and their mental health. In it, he discussed his own struggles with mental health as an entrepreneur. “Like so many others I just sucked it up, grinded away and punted, hoping for relief down the road. That strategy of denial and repression worked until it didn’t. My founder stress and burnout couldn’t be contained despite my best efforts. In fact, my mental unhealthiness impacted my physical health, by causing debilitating sleep apnea, as diagnosed by UCSF and missed by Stanford (but that is another post). I sold my 2nd company, Crackle, and vowed to leave the high anxiety of being a founder for the relatively easy life of venture, not that it’s actually easy. I was lucky to have exited Crackle before my situation worsened and ultimately found the relief I desperately needed to feel whole again.“