I'm A VC

As a preparation for something new and exciting, let’s reminisce a little. In 2011, we did our first Foundry Group music video “I’m a VC.” I remember being amazed when the Youtube views went over 100,000. I recall being equally amazed when I heard that our IT guy (Ryan) had cleaned up our random Google accounts, deleted video@foundrygroup.com, and as a result deleted the video. When it was restored, the view counter was at 0.

January 11, 2018 · 1 min

Welcome Jamey Sperans To Foundry Group

My partners and I just announced that our long-time friend and LP – Jamey Sperans – has joined Foundry Group. We’ve been working with Jamey since the beginning of Foundry Group in 2007 (he was one of our first LPs via Morgan Stanley AIP) and have become extremely close friends. Jamey and his family have moved to Boulder, so in addition to working with us, he’ll become a part of the extended Boulder/Denver startup community.

January 10, 2018 · 1 min

Supporting Time's Up Legal Defense Fund

Yesterday, my partners at Foundry Group announced financial support for the Time’s Up Legal Defense Fund. We strongly believe that sexual harassment is unacceptable in any form. While there can be a debate about whether sexual harassment is about sex, power, or something else, there’s an additional pernicious element of it when the harasser threatens to sue the person being harassed. This extends the harassment and reinforces the issue around the power dynamic, especially when the harasser has much more financial resources than the person being harassed.

January 9, 2018 · 2 min

@bfeld User Manual: Business Dinners

I love the idea of A User Manual To Working With Me. A number of the CEOs we work with have written them and Seth sends out a letter to all new founders about working with us. While I occasionally think about writing an @bfeld User Manual, I never manage to get around to it. On our Q4 vacation, Amy and I talked a lot about dinners out, especially my own struggle with dinners with large groups of people, which caused me to reflect on how I approach dinners out in general.

January 8, 2018 · 3 min

My Perfect Saturday of Fire and Fury

Yesterday was a perfect Saturday. I decided to do a digital sabbath so on Friday night at 5 pm I shut down my computer. Amy made a nice small dinner of leftover cauliflower soup with farfalle pasta. We then went downstairs and finished off the Burns/Novick The Vietnam War. I woke up mid-morning on Saturday. I meditated for a half hour. I had a light breakfast of Dave’s Killer Bread and peanut butter with some coffee. I then grabbed my Kindle, got on the couch near Amy, and dug into Michael Wolff’s Fire and Fury: Inside the Trump White House.

January 7, 2018 · 4 min

Optimism In The Face Of Current Reality

Let’s start with an awesome dog taking himself sledding. Now, let’s move on to Bill Gates opening essay in this week’s Time Magazine (he’s their first ever guest editor) titled Some good news, for once. It’s short and powerful. He starts out with context. “Reading the news today does not exactly leave you feeling optimistic. Hurricanes in the Americas. Horrific mass shootings. Global tensions over nuclear arms, crisis in Myanmar, bloody civil wars in Syria and Yemen. Your heart breaks for every person who is touched by these tragedies. Even for those of us lucky enough not to be directly affected, it may feel like the world is falling apart.”

January 5, 2018 · 3 min

Book: Principles by Ray Dalio

Several people recommended Ray Dalio’s book Principles to me. I read it a few days ago and thought it was spectacular. I’ve gone out and bought a copy for each of my partners and I recommend that every VC, as well as anyone who is building an organization of any kind, buy and read it. Dalio is famous for his extremely successful firm Bridgewater Associates which is known for its goal of achieving excellence in their work and their relationships through radical truth and radical transparency. The TED Talk below is a good summary, but the book is worth reading in total.

January 3, 2018 · 1 min

The Past, Present, and The Future

The past is ungraspable, the present is ungraspable, the future is ungraspable. – Diamond Sutra Now that it’s 2018, the inevitable predictions for 2018 are upon us. I’m not a predictor. I never have been and don’t expect I ever will be. However, I do enjoy reading a few of the predictions, most notably Fred Wilson’s What Is Going To Happen In 2018. Unlike past years, Fred led off this year with something I feel like I would have written.

January 2, 2018 · 2 min

John O’Donohue: For One Who Is Exhausted, a Blessing

At the end of another intense year, after two weeks fighting a difficult cold, surrounded by snow, light, and quiet, this poem by John O’Donohue made its way to the surface, sent to me by my beloved soulmate. Happy new year. When the rhythm of the heart becomes hectic, Time takes on the strain until it breaks; Then all the unattended stress falls in On the mind like an endless, increasing weight.

December 31, 2017 · 2 min