Why Gross Profit Is More Important Than Revenue
I’ve been thinking a lot about gross profit (and gross margin) lately. Yeah, I know I can be riveting, but stay with me. When I was in Boston a while
I’ve been thinking a lot about gross profit (and gross margin) lately. Yeah, I know I can be riveting, but stay with me. When I was in Boston a while
I’m a huge fan of Elizabeth Kraus, Sue Heilbronner, and the work they do through MergeLane. Recently Elizabeth started a platform for the next generation of venture capitalists called Fund81. It includes a podcast, which has both a public section for everyone and a private section for the Fund81 members. Elizabeth recently interviewed me for Episode 13 where we talked about maintaining mental health in the fast-paced venture capital world while supporting portfolio companies, colleagues, friends, and family wrestling with mental health issues. The public section follows.
I’m lazy blogging this week as I get ready to go on vacation for the July 4th holiday. So, here’s another set of videos to watch, which is the entire Street Level Startups series from Colorado Public Television. I’ve watched them all now and they are a great history of how the entrepreneurship scene in Colorado has evolved recently, along with a bunch of fun highlights of people and companies.
Xiao Wang, the founder, and CEO of Boundless, recently gave a speech at the 2019 convocation of UW’s Information School. It was 15 minutes long and I thought it was extraordinary. Xiao – nice job weaving in a Mary Oliver quote at the end. “Tell me, what is it you plan to do with your one wild and precious life?“ I’m honored that I get to work with you.
I love weird Internet memes. Recently, I plumbed the depths of this one with my friend Quinn. Go to your Google browser and type “did ab” and see what comes up for you. If it’s “Did Abraham Lincoln Invent Pancakes” then the Internet is working as expected. Of course, our next move was to go see if there was a website at https://didabrahamlincolninventpancakes.com/. A week ago there wasn’t, but there is one there now. Bwahahahahahahaha.
When I wrote the post Every Lie We Tell Incurs a Debt to the Truth I expected to get some feedback. I got more than I usually do (mostly by email vs. blog comments) and much of it was thoughtful. One person pointed to the video I embedded, which I thought was great. It’s an extensive explanation of things in HBO’s Chernobyl that were either simply wrong or exaggerated. The video is entertaining as well as substantive, so it’s a good addition to the content from the show.
Colorado Public Television takes an in-depth look at Colorado’s thriving startup scene in its new 5-part season called Street Level Startups. The first episode, which is above, includes me and Jared Polis reflecting on some fun Techstars founding history, Dan Caruso talking about Zayo and the bridge between Boulder / Denver, and a great segment at the end with Brad Bernthal talking about fundraising and #GiveFirst. And, plenty of other stuff.
This first appeared in the Boulder Community Health Foundation Summer 2019 Magazine in an article titled Taking On The Mental Health Stigma. I started the second week of 2013 in Las Vegas at the Consumer Electronics Show. Within two hours of arriving, I was in my hotel room, the shade closed, the door locked, and in bed with a pillow over my head. I couldn’t deal with anything at all. Having been here before, I knew I was in a deep depression.
Jerry Colonna has written a “must read for everyone on planet earth book” titled Reboot: Leadership and the Art of Growing Up. Seriously, go buy it right now. I’ll be here when you return. Regular readers of this blog know that Jerry and I are extremely close friends and have been for 23 years. I first met Jerry when he was beginning his partnership with Fred Wilson at Flatiron Partners. But, I didn’t meet him through Fred. I met him through NetGenesis, a company I was chairman of at the time that had been started by Rajat Bhargava (who we still work with as CEO of JumpCloud), Matt Cutler (who we still work with as CEO of Blocknative). I won’t repeat the story of Brad, Jerry, eShare, and NetGenesis, but it makes me incredibly happy to reflect on 23 years of friendship, which nicely lines up with my 23 official years of marriage to Amy.
Amy and I are celebrating our 29/26/23rd anniversary today. It’s the summer solstice, which is a special day for us. 29 years ago we officially started dating. 26 years ago we declared ourselves married (and eloped.) 23 years ago we signed an official piece of paper that was witnessed at the Boulder County Clerk’s Office because it was a pain in the ass to not be officially married. When I reflect on the last 29 years of my life, it’s been a remarkable experience to get to share it with Amy. When we started dating, I was 24 years old. I lived in Boston. I was running my first company. I lived in a 24,000 cubic foot loft. I was struggling through a divorce, a failed Ph.D. experience, and a very stressful software consulting company, that, while performing well, consumed 100 hours a week of me.