Startup Opportunities Available on Audible

The audiobook version of Startup Opportunities: Know When To Quit Your Day Job is now available on Audible. Unlike the Audible version of Venture Deals, this one was read by Stephen Hoye. If you like audiobooks, grab a copy, give it a listen, and tell me what you think.

November 14, 2017 · 1 min

Zebras Uniting at DazzleCon

Yesterday, I wrote about the upcoming CO Impact Days. In it, I pointed to a Medium post titled Zebras Fix What Unicorns Break, which turns out to be the Zebra Manifesto. Per the manifesto, a Zebra (unlike Unicorns) are real: Zebra companies are both black and white: they are profitable and improve society. They won’t sacrifice one for the other. Zebras are also mutualistic: by banding together in groups, they protect and preserve one another. Their individual input results in stronger collective output. Zebra companies are built with peerless stamina and capital efficiency, as long as conditions allow them to survive.

November 13, 2017 · 2 min

CO Impact Days: Unicorns, Zebras, Ponies, and Donkeys

VCs love to talk about Unicorns, where a giant return is possible. Some friends in the impact investing world have recently started talking about generating giant returns by investing in Zebras (such as a nonprofit building in rural Colorado) and Ponies (an immigrant restaurant in Seattle currently using payday lending at 35% for their working capital). While these returns have an economic component, they can also have dramatic impact on our society.

November 11, 2017 · 5 min

Techstars and The Nature Conservancy

The Nature Conservancy and Techstars just announced a partnership to create the Techstars Sustainability Accelerator. Amy and I were part of the public announcement this week in Denver. Both organizations are important to us so it’s a joy to be involved in having them work together. Amy and I have been supporters of The Nature Conservancy (TNC) since we started our relationship in 1990. So has my partner Seth and his wife Greeley, who is currently a trustee on the TNC Colorado board. A key shared value of ours is protecting our planet and we are huge fans of TNC’s science-based approach.

November 3, 2017 · 4 min

Venture Deals on Audible

The third edition of Venture Deals is now available on Audible. It’s the unabridged version read by me and my partner/co-author Jason Mendelson with guest appearances by Matt Blumberg. We’ve been getting requests for an unabridged audio version of Venture Deals since we first came out with the book in 2012. We like to think that it has now aged like a good wine. If you are an audiobook person, you can know hear the dulcet tones of Jason’s voice alongside the scratchy whine (which has aged) of mine while learning how to be smarter than your VC and your lawyer.

November 2, 2017 · 1 min

Preview for The Weight Of Gold

Amy and I are financially supporting a new movie about mental health, depression, and suicide called The Weight of Gold. Jeremy Bloom (Olympic skier, pro-football player, CEO of Integrate, and awesome human) introduced me to the creator of the film Brett Rapkin. THE WEIGHT OF GOLD / Sizzle Reel from Podium Pictures on Vimeo. While the focus of the storytelling is around Olympic athletes, it highlights a challenge that one in five Americans struggles with. Our goal for supporting films like this is to help eliminate the stigma around mental health and depression. It’s an enormous challenge in our society and one that I think is worth working hard at.

October 31, 2017 · 1 min

Draft of Cat Hoke's Upcoming Book – Second Chance

I just finished the near-final draft of Cat Hoke’s upcoming book Second Chance. It is incredibly powerful on multiple levels. I’ve gotten to know Cat reasonably well over the past year. I first heard of her through the Techstars Foundation, where we gave her organization – Defy Ventures – one of our very first grants. I first met her a few months later in my office. After hearing her pitch for 15 minutes, I said “Cat – I’m all in – no need to sell me. What can I do to help?”

October 28, 2017 · 3 min

Foundry Group Is Looking For A General Counsel

We announced yesterday that we are looking for a general counsel for Foundry Group. While Jason has proclaimed himself a recovering lawyer for some time now, in reality, he’s been doing the high-level legal work for us since we started Foundry Group. He also runs our fund operations and is a full-time venture capitalist, so it is time to get him some help. When our prior fund hired Jason as our general counsel, I wasn’t even part of the decision. Back then, people would just show up and occupy various offices. I wasn’t sure that we needed an in-house lawyer, but over the years I realized the importance of this role. In fact, I’ve had several outstanding lawyers, including Len Fassler and Jerry Poch, as mentors, so I occasionally play the role of Jason’s “junior associate” on legal issues that we (and the companies we invest in) face.

October 26, 2017 · 2 min

Scott Dorsey's Attributes of Great SaaS Leaders

A few weeks ago I was in Atlanta for Techstars Atlanta Demo Day and the Venture Atlanta Conference. I had a great time and it’s fun to see the vibrancy of the Atlanta startup community. My brother Daniel came with me and we had dinner with our cousin Kenny, who lives in Atlanta, so we got some nice, quiet, emotionally intimate family time. My favorite keynote at Venture Atlanta was from Scott Dorsey. While our paths have intersected for more than a decade and I knew him from a distance, I’ve gotten to know Scott pretty well over the past year. I put him in the awesome category.

October 25, 2017 · 3 min