Entrepreneurship Is Intellectual Immigration

At the MIT Celebration of 50 Years of Entrepreneurship in November, I heard a number of fantastic lines that have stuck with me. One of them was from Noubar Afeyan. “Entrepreneurship is intellectual immigration.” As I sat in an audience of about 200 extremely accomplished MIT graduates spanning over 50 years, I thought to myself “he just fucking nailed it.” I’m a huge fan and supporter of immigration, especially around entrepreneurship. If you look at the landscape of success entrepreneurs in the United States you see a remarkable number of first and second generation immigrants. We can argue about immigration policy all day long (and plenty in DC do, mostly to insure that nothing actually gets accomplished) but the historical statistics around immigration and entrepreneurship in the US are undeniable.

January 4, 2017 · 2 min

Making Technology Work For Those Who Aren't Working

In November, during the week of the presidential election, I was at MIT for the Celebration of 50 Years of Entrepreneurship at MIT. The Friday night event included a keystone from Simon Johnson, an MIT professor who became famous during the financial crisis because of his superb analysis along with his almost daily blog The Baseline Scenario and his willingness to openly challenge an enormous amount of conventional thinking. I remember hearing Simon for the first time at an MIT Sloan Dean’s Advisory meeting in the basement of a fancy hotel in NY in the middle of the financial crisis. Many of the advisory board member attendees looked like hammered dog shit as they were part of the New York financial services and real estate world. Simon gave a clear eyed, extremely compelling pep talk that challenged everyone to ask questions and think hard, rather than just retreat into gloom.

January 3, 2017 · 4 min

Talks at CES 2017 Startup Stage

I’m giving two talks this year at CES as part of Startup Stage at the Sands, Level 1, Hall G. The first is on Thursday 1/5: 1 – 1:45: Fireside chat with Fitbit: From Inspiration to IPO. The second is on Friday 1/6: 1 – 1:45: Diversity in Tech If you are around and interested, come listen and say hello.

January 2, 2017 · 1 min

Heading to CES 2017

I’ll be at CES from Wednesday to Friday. I went for many years, punted for the past few years, but decided to go again this year. Techstars runs a big program called the Startup Stage that has three days of programming. It also co-hosts Eureka Park, at the Sands, Level 1, Hall G which is a collection of around 600 startups. I’ll be hanging out there when I’m not walking to CES floor, which typically takes me a day.

January 2, 2017 · 2 min

2017 Is A Prime Year For …

Ok – first nerd joke of 2017 for me. Yup. 2017 is a prime number. But 2017 is a pretty special prime. In fact 2017 is a sexy prime with 2011 – bet you didn’t know that! The Shrike né Predator and I wish you a Happy New Year. If you need a great blog to start 2017 with, give yourself the gift of following the Daily Overview. And, buy the book – it will blow your mind.

January 1, 2017 · 1 min

Get Your Metrics Together

As we head into 2017, I have a steady stream of operating plans hitting my inbox. Since many of our investments are companies that are scaling, vs. companies that are just getting started, there are a lot of derivative metrics in these plans. Q1 is the easiest quarter to make your plan, so most of these companies are getting a free pass for the next three months after fighting the good fight of making or beating plan in Q3 and Q4. For the SaaS and recurring revenue companies, if they missed by more than 5% in 1H16 and didn’t reforecast, they’ve had a particularly grueling uphill climb for the past six months.

December 29, 2016 · 2 min

The Year of Startups Everywhere

I’m not a predictor so you won’t find me participating in the “best/worst of 2016” and “predictions for 2017” lists. But there is a trend that feels inevitable to me: “Startups everywhere.” While Agent Smith was wrong, I don’t think I am. When the phrase “Startup Communities” started to become mainstream around 2012, I made the strong assertion that you could create a startup community in any city with at least 100,000 people. I used Boulder as a canonical example of it in my book Startup Communities: Building an Entrepreneurial Ecosystem in Your City and have been beating the drum about startups everywhere ever since.

December 29, 2016 · 3 min

Propaganda, Fraud, and Small Talk

A snarky person could call the title of this post “the tagline for Facebook and Twitter.” A bitter person could expand this to mean all of media. I’ve got a cold (it’s a bummer to end the year with a cold, but if it runs its course by January 1st I’ll be happy) so it’s been hard to concentrate this morning. Instead of working on the final draft of the Second Edition of Startup Opportunities: Know When to Quit Your Day Job (being published by Wiley in Q117) I’ve been surfing the web, looking at Twitter and Facebook, responding to email, and drinking apple cider.

December 28, 2016 · 2 min

Things To Do With Your Dad And Your Brother

If you are a regular reader of this blog, you know that my dad Stan is one of my best friends. So is my brother Daniel. Over the last decade we’ve been doing regular things together like an annual trip (me/Dad, Daniel/Dan) and monthly dinners (me/Daniel). Last month I proposed a new idea – a monthly book club between the three of us. We’d rotate choosing the book of the month. We’d read it separately but talk about it over the course of the month. Then, the next person would pick the next book. We’d iterate on the process – maybe we’ll end up doing a real book club video call for 30 minutes once a month to discuss, maybe we won’t.

December 27, 2016 · 2 min