<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><title>Do More Faster on Feld Thoughts</title><link>https://feld.com/tags/do-more-faster/</link><description>Recent content in Do More Faster on Feld Thoughts</description><image><title>Feld Thoughts</title><url>https://feld.com/og-default.png</url><link>https://feld.com/og-default.png</link></image><generator>Hugo</generator><language>en-us</language><lastBuildDate>Tue, 08 Oct 2019 10:02:23 +0000</lastBuildDate><atom:link href="https://feld.com/tags/do-more-faster/index.xml" rel="self" type="application/rss+xml"/><item><title>Feld/Cohen Book Events at Barnes &amp; Noble Boulder and Denver</title><link>https://feld.com/archives/2019/10/feld-cohen-book-events-at-barnes-noble-boulder-and-denver/</link><pubDate>Tue, 08 Oct 2019 10:02:23 +0000</pubDate><guid>https://feld.com/archives/2019/10/feld-cohen-book-events-at-barnes-noble-boulder-and-denver/</guid><description>David Cohen and I are doing a public event in Boulder this Friday 10/11 and one in Denver next Thursday 10/17 around our new book Do More Faster: Techstars Lessons</description><content:encoded><![CDATA[<p>David Cohen and I are doing a public event in Boulder this Friday 10/11 and one in Denver next Thursday 10/17 around our new book <em><a href="https://www.barnesandnoble.com/w/do-more-faster-brad-feld/1100296777?ean=9781119583288#/" target="_blank" rel="noopener noreferrer">Do More Faster: Techstars Lessons to Accelerate Your Startup, 2nd Edition</a>.</em></p>
<p>These are happening at the Barnes &amp; Noble stores listed below.</p>
<p>10/11: Friday @ 4pm: B&amp;N Boulder: Crossroads Commons<br>
2999 Pearl Street<br>
Boulder, CO 80301</p>
<p>10/17: Thursday @ 6pm: B&amp;N Denver: Colorado Blvd II<br>
960 S Colorado Blvd<br>
Glendale, CO 80246</p>
<p>While David and I used to do a lot of public things together in Boulder and Denver, our “out in public together” time has decreased a lot the past few years because of a variety of things, including the rapid expansion of Techstars globally.</p>
<p>So, when we came out with the new version of Do More Faster, we decided to do a few events together in Colorado. We had a fun event at B&amp;N in Fort Collins a few weeks ago, so we are ready to follow it up in Boulder and Denver.</p>
<p>As a special bonus, our good friend Jerry Colonna from Reboot will be joining us in Boulder on Friday 10/11 to interview us and be part of the discussion.</p>
<p>Come out and join us for a couple of hours of fun and a stimulating discussion about entrepreneurship.</p>
]]></content:encoded></item><item><title>Do More Faster Book Signing – Fort Collins, CO – 9/10/19</title><link>https://feld.com/archives/2019/09/do-more-faster-book-signing-fort-collins-co-9-10-19/</link><pubDate>Mon, 09 Sep 2019 05:26:29 +0000</pubDate><guid>https://feld.com/archives/2019/09/do-more-faster-book-signing-fort-collins-co-9-10-19/</guid><description>David Cohen and I will be at the Fort Collins Barnes and Noble from 6pm – 8pm on Tuesday 9/10/19 to sign copies of the 2nd Edition of Do More</description><content:encoded><![CDATA[<p>David Cohen and I will be at the <a href="https://www.google.com/maps/place/Barnes&#43;%26&#43;Noble/@40.5311091,-105.0805149,17z/data=!3m1!4b1!4m5!3m4!1s0x0:0xb3bb862843373323!8m2!3d40.531105!4d-105.0783262" target="_blank" rel="noopener noreferrer">Fort Collins Barnes and Noble</a> from 6pm – 8pm on Tuesday 9/10/19 to sign copies of the 2nd Edition of <em><a href="https://www.barnesandnoble.com/w/do-more-faster-brad-feld/1100296777#/" target="_blank" rel="noopener noreferrer">Do More Faster: Techstars Lessons to Accelerate Your Startup</a></em>.</p>
<p>Over the next few months, we’ll be doing a handful of public appearances around the book. It’s the first book I wrote and – with David – really learned how to write a book almost a decade ago.</p>
<p>We freshened up the 1st Edition with some new stories, lots of context and history around the evolution of <a href="https://www.techstars.com/" target="_blank" rel="noopener noreferrer">Techstars</a>, updates on where the entrepreneurs highlighted are today, and some other nuggets throughout the update.</p>
<p>When Do More Faster originally came out in 2010, there were three Techstars accelerators (Boulder, Boston, and Seattle) with a fourth about to launch (New York). Today, there are 50 active Techstars accelerators happening each year, located in 13 different countries. In addition to funding 500 companies per year (10 per accelerator), Techstars also runs a number of other activities, including Startup Weekend, Startup Week, a number of corporate innovation initiatives, and a set of <a href="https://www.techstars.com/startup-ecosystem-development/" target="_blank" rel="noopener noreferrer">Ecosystem Development programs</a> based on work surrounding my book <em><a href="https://amzn.to/2N3oedQ" target="_blank" rel="noopener noreferrer">Startup Communities: Building an Entrepreneurial Ecosystem in Your City</a></em>.</p>
<p>Whenever I ponder it, I get great joy from reflecting on how much progress Techstars has made from 2010 and, more importantly, the amount I’ve learned about entrepreneurship through my involvement with Techstars.</p>
<p>If you are near Fort Collins, Colorado on Tuesday night (9/10/19), come hang out with me and David at Barnes &amp; Noble, 4045 S College Ave, Fort Collins, CO 80525.</p>
]]></content:encoded></item><item><title>Do More Faster, 2nd Edition on Give First</title><link>https://feld.com/archives/2019/08/do-more-faster-2nd-edition-on-give-first/</link><pubDate>Mon, 26 Aug 2019 07:50:39 +0000</pubDate><guid>https://feld.com/archives/2019/08/do-more-faster-2nd-edition-on-give-first/</guid><description>In 2010, David Cohen and I wrote a book titled Do More Faster. It was filled with stories and advice from founders, investors, and mentors from around the first two</description><content:encoded><![CDATA[<p><img src="https://feld.com/archives/2019/08/do-more-faster-2nd-edition-on-give-first/GiveFirst-post.jpeg" alt="" loading="lazy"></p>
<p>In 2010, David Cohen and I wrote a book titled <a href="http://domorefaster.techstars.com/" target="_blank" rel="noopener noreferrer">Do More Faster</a>. It was filled with stories and advice from founders, investors, and mentors from around the first two years of Techstars.</p>
<p>This was the first book I wrote. David and I learned the joy and pain of writing a book. We were lucky to get to work with Bill Falloon, who has been my long-time editor on all the books I’ve written. Bill guided us through the process and helped us understand what was required to put together a real book.</p>
<p>Last month we released <a href="http://domorefaster.techstars.com/" target="_blank" rel="noopener noreferrer">Do More Faster, 2nd Edition</a>. We’ve freshened it up with new content, some new stories, and updates on where everyone is from the first edition.</p>
<p>We just released an episode of the Give First podcast with some behind the scenes back and forth on the book. Enjoy the Give First Do More Faster podcast episode and go grab a copy of the new and improved 2nd Edition of <a href="http://domorefaster.techstars.com/" target="_blank" rel="noopener noreferrer">Do More Faster</a>.</p>
]]></content:encoded></item><item><title>Do More Faster in IT</title><link>https://feld.com/archives/2015/05/faster/</link><pubDate>Wed, 06 May 2015 07:00:36 +0000</pubDate><guid>https://feld.com/archives/2015/05/faster/</guid><description>David Cohen coined the phrase “do more faster” and then we made it popular when we published the book by the same name back in 2010. We wrote the book</description><content:encoded><![CDATA[<p>David Cohen coined the phrase “<em>do more faster</em>” and then we made it popular when we published <a href="https://www.amazon.com/Do-More-Faster-TechStars-Accelerate/dp/0470929839" target="_blank" rel="noopener noreferrer">the book by the same name</a> back in 2010.</p>
<p>We wrote the book because it was becoming clear that <em>doing more faster</em> was exactly what businesses were striving to do and it subsequently became the <a href="https://www.techstars.com" target="_blank" rel="noopener noreferrer">Techstars mantra</a>. As technological advancements gave both the entrepreneur and businessperson a new framework for productivity, goals across industries and departments started taking a new shape, but singing a similar tune: fit more into the day, produce more results, better results, cheaper results, and all in a shorter time frame than ever before.</p>
<p>Whether or not it’s overtly stated, the <em>do more faster</em> mentality has eked its way into nearly every aspect of business.</p>
<p>When <a href="https://jumpcloud.com/" target="_blank" rel="noopener noreferrer">Raj Bhargava and the JumpCloud</a> team talked to me about extending the concept of <em>doing more faster</em> into the IT realm with an eBook, I was supportive.</p>
<p>IT departments stand to gain some of the most significant benefits from adopting a <em>do more faster</em> attitude. If they approach things correctly, IT admins can cultivate an extremely effective development / IT organization and increase the pace of business across their entire organization.</p>
<p>Many of the companies that we invest in help their customers increase the pace of their business so that they can grow faster, be more profitable, and be better corporate citizens. Throughout the years, I’ve noticed that the companies I see who successfully increased their pace of business have three things in common.</p>
<ul>
<li>They decentralized decision making</li>
<li>They push the pace of their product development by more closely aligning with customers</li>
<li>They create a culture of action</li>
</ul>
<p>To focus on the mantra of Do More Faster in IT, the <a href="https://jumpcloud.com/" target="_blank" rel="noopener noreferrer">JumpCloud</a> team assembled a great group of people to write some thoughts on areas where organizations can pick-up the pace.</p>
<ul>
<li><a href="https://twitter.com/realgenekim" target="_blank" rel="noopener noreferrer">Gene Kim</a> talks about one of the most important movements in the IT world, DevOps.</li>
<li><a href="https://twitter.com/ashimmy" target="_blank" rel="noopener noreferrer">Alan Shimel</a>, the founder and editor of <a href="https://devops.com/" target="_blank" rel="noopener noreferrer">DevOps.com</a>, tackles how to make employees more productive through BYOD.</li>
<li><a href="https://twitter.com/benkepes" target="_blank" rel="noopener noreferrer">Ben Kepes</a> nails the concept of hybrid organizations – those that are crossing the gap between old world industries and innovation.</li>
<li><a href="https://twitter.com/rajatabhargava" target="_blank" rel="noopener noreferrer">Raj Bhargava</a> (CEO of JumpCloud) tackles a few different subjects including how businesses can move faster by leveraging more commercial software rather than building from scratch, using remote employees, and leveraging wireless infrastructure.</li>
</ul>
<p>The quest for increased speed doesn’t come for free. But that’s the beauty of <em>Doing More Faster, Now with IT Control</em> as Raj and his team discuss real steps businesses owners can take to solve the inevitable issues that come up when you start to move more quickly.</p>
<p>If you are interested in doing more faster within your development or IT organization, grab a copy of the JumpCloud eBook The Guide to Doing More, Faster (Now With IT Control).</p>
]]></content:encoded></item><item><title>Write More Faster</title><link>https://feld.com/archives/2014/06/write-faster/</link><pubDate>Sun, 22 Jun 2014 16:50:41 +0000</pubDate><guid>https://feld.com/archives/2014/06/write-faster/</guid><description>I’ve been stalled trying to get through two books: Startup Opportunities (with Sean Wise) and Startup Metrics (with Seth Levine). Dane McDonald (FG Press CEO) and my assistant Eugene Wan</description><content:encoded><![CDATA[<p>I’ve been stalled trying to get through two books: Startup Opportunities (with Sean Wise) and Startup Metrics<br>
(with Seth Levine). Dane McDonald (FG Press CEO) and my assistant Eugene Wan created a book cover recently to try to inspire me, as an homage to Do More Faster (with David Cohen).</p>
<p><a href="https://www.flickr.com/photos/44124296560@N01/14484467965" title="write more faster by Brad Feld, on Flickr" target="_blank" rel="noopener noreferrer"><img src="https://farm3.staticflickr.com/2913/14484467965_aec58a0c1b_c.jpg" alt="write more faster" loading="lazy"></a></p>
<p>It worked. I’ve gotten a lot of writing on Startup Opportunities done in the last week and I expect this week to be a good one.</p>
]]></content:encoded></item><item><title>Founder Market Fit</title><link>https://feld.com/archives/2012/08/founder-market-fit/</link><pubDate>Wed, 22 Aug 2012 06:59:50 +0000</pubDate><guid>https://feld.com/archives/2012/08/founder-market-fit/</guid><description>We constantly hear about “product market fit.” But my post yesterday about The Power of Passion When Starting Your Company was about “founder market fit.” And I’ve come t</description><content:encoded><![CDATA[<p>We constantly hear about “product market fit.” But my post yesterday about <a href="https://feld.com/archives/2012/08/the-power-of-passion-when-starting-your-company/" title="The Power of Passion When Starting Your Company" target="_blank" rel="noopener noreferrer">The Power of Passion When Starting Your Company</a> was about “founder market fit.” And I’ve come to believe that – especially among first time entrepreneurs – founder market fit is much more important than product market fit at the inception of the company.</p>
<p>I stumbled on the phrase a few times over the past year and it’s been rolling around in my head a lot since. The first time was on Chris Dixon’s blog <a href="https://cdixon.org/2011/06/19/foundermarket-fit/" target="_blank" rel="noopener noreferrer">Founder / market fit</a> which led me to a guest post by David Lee of SV Angel on <a href="https://techcrunch.com/2011/06/03/svangel-peak-age-old-entrpreneurs/" target="_blank" rel="noopener noreferrer">More Thoughts on What Makes Great Entrepreneurs Great</a>.</p>
<p>I’ve seen this over and over in <a href="https://www.techstars.com" target="_blank" rel="noopener noreferrer">TechStars</a>. Founders come in with something they are super excited about. As they get exposed to mentors and feedback, they quickly start moving around within the market (or domain) as they search for a clearer focus, which could be defined as product market fit prior to getting a product out there and doing any real testing. This search is usually qualitative – it involves real feedback from potential customers and users, but it’s not a measured, tested approach.</p>
<p>In parallel, there’s often a Lean Startup methodology going on that does more quantitative tests of the specific product. But in a lot of cases, the qualitative feedback at the very formative stages is just as, if not more, important to make sure you end up in the right zone to test.</p>
<p>Underlying all of this is the regular shift away from something the founders are passionate about. The <a href="https://www.gosphero.com" target="_blank" rel="noopener noreferrer">Orbotix</a> example in my post is a great one – it would have been easy for Adam and Ian to decide to work on something that had a better product market fit, like iPhone enabled door locks, instead of something that not only hadn’t been invented yet, but also wasn’t obvious what market would really want it (a ball controlled by your smartphone – ok – that’s cool, but who will buy it?)</p>
<p>They, and their co-founder and CEO Paul Berberian had a vision for who would want a ball controlled by a smartphone. And Adam and Ian were obsessed with the idea. The three of them had extraordinary founder market fit, well before they figured out the product market fit.</p>
<p>We’ve got lots of other examples of this in our portfolio. I can’t tell you the number of times I get asked “what would someone ever use a personal 3D printer for?” But <a href="https://www.brepettis.com/" target="_blank" rel="noopener noreferrer">Bre Pettis</a> at <a href="https://www.makerbot.com" target="_blank" rel="noopener noreferrer">MakerBot</a> is completely and totally obsessed with bringing 3D printers to the masses. While product market fit is getting clearer with each new product release, the founder market fit in this cases was awesome. Or Isaac Saldana of <a href="https://www.sendgrid.com" target="_blank" rel="noopener noreferrer">SendGrid</a>, who initially named the company SMTPAPI. He has a great chapter in Do More Faster where he wrote about how he “Looked for the Pain” as a developer, found it in sending transaction email, and created SMTPAPI (now SendGrid) to address it. Or Eric Schweikardt who is unbelievably focused on creating the next generation robot construction kit at <a href="https://www.modrobotics.com" target="_blank" rel="noopener noreferrer">Modular Robotics</a>. Sure – the “market comp” in this case is Lego Mindstorms, but Eric’s vision for the market goes well beyond this, and the product follows.</p>
<p>I’m not suggesting that product market fit isn’t an important concept. It is. But at the very beginning, especially with first time entrepreneurs, founder market fit is even more important.</p>
]]></content:encoded></item><item><title>What's It Like To Be An Entrepreneur?</title><link>https://feld.com/archives/2012/06/whats-it-like-to-be-an-entrepreneur/</link><pubDate>Wed, 13 Jun 2012 07:00:40 +0000</pubDate><guid>https://feld.com/archives/2012/06/whats-it-like-to-be-an-entrepreneur/</guid><description>I get asked some version of this question, often in the form of “I’m thinking about becoming an entrepreneur”, every day. It’s awesome to me that lots of people are</description><content:encoded><![CDATA[<p>I get asked some version of this question, often in the form of “I’m thinking about becoming an entrepreneur”, every day. It’s awesome to me that lots of people are asking this question but it’s really hard to answer with a simple, short response. I’ve been pointing people at a number of resources to help them get a feel for what being an entrepreneur is like and two that I’m involved in top the list.</p>
<p>The first is the book Do More Faster: TechStars Lessons To Accelerate Your Startup that I wrote with David Cohen in 2010. There are a bunch of <a href="https://www.amazon.com/Do-More-Faster-TechStars-Accelerate/product-reviews/0470929839/ref=cm_cr_dp_see_all_btm?ie=UTF8&amp;showViewpoints=1&amp;sortBy=bySubmissionDateDescending" target="_blank" rel="noopener noreferrer">reviews up on Amazon</a> – mostly good – that capture the spirit of what we were trying to convey. Whenever I’ve aimed it at someone who asks what it’s like to be an entrepreneur or wants to learn more about what’s in the mind of an entrepreneur, I usually get the feedback that it’s useful. What surprised me early on was the feedback from early employees at startups who told me it helped them understand what the founders of their company were going through. I recently skimmed through it again just to make sure it still felt fresh to me and it does.</p>
<p>The second is <a href="https://startupweekend.org/" target="_blank" rel="noopener noreferrer">Startup Weekend</a>. If you’ve never done a Startup Weekend, it’s an incredible simulation of entrepreneurship. In 54 hours you’ll go through the experience of starting a company from scratch, surrounded by others doing the same thing. You’ll compress a lot of the activities into a weekend, especially dynamics around team, idea, and trying to get something out the door quickly. It’s valuable for existing entrepreneurs as well –  if you are an entrepreneur looking for smart people who want to get involved with startups, it’s a great recruiting ground. I’ve known and supported <a href="https://techcrunch.com/2007/07/07/startupweekend-70-founders-create-company-in-one-weekend/" target="_blank" rel="noopener noreferrer">Startup Weekend from the very first one that was held in Boulder in 2007</a> and joined the board last year to amp up my involvement.</p>
<p>While there is no substitute for jumping in the deep end and starting a company, I believe both our book and the experience of Startup Weekend are great ways to get a deeper perspective of what it’s like to be an entrepreneur.</p>
<p>What are some of the things you point people at to answer this question?</p>
]]></content:encoded></item><item><title>Do More Faster Top 12 Tips At RailsConf 2012</title><link>https://feld.com/archives/2012/05/do-more-faster-top-12-tips-at-railsconf-2012/</link><pubDate>Sun, 20 May 2012 16:00:27 +0000</pubDate><guid>https://feld.com/archives/2012/05/do-more-faster-top-12-tips-at-railsconf-2012/</guid><description>If you are a developer, I encourage you to carve out an hour and watch TechStars CEO David Cohen’s presentation at RailsConf 2012 (30 minute presentation and outstanding 30 minutes</description><content:encoded><![CDATA[<p>If you are a developer, I encourage you to carve out an hour and watch <a href="https://www.techstars.com" target="_blank" rel="noopener noreferrer">TechStars</a> CEO David Cohen’s presentation at RailsConf 2012 (30 minute presentation and outstanding 30 minutes of Q&amp;A). He starts out with the assertion that “developers are the new investors”  – how could you not be interested in hearing more about that?</p>
<p>David and I wrote a book last year called Do More Faster: TechStars Lessons to Accelerate Your Startup and this is his riff to a room full of developers about some of his top tips. Special bonus – see a photo of me in my pajamas at minute 7.</p>
]]></content:encoded></item><item><title>Why I Write Books</title><link>https://feld.com/archives/2012/05/why-i-write-books/</link><pubDate>Sat, 05 May 2012 10:47:19 +0000</pubDate><guid>https://feld.com/archives/2012/05/why-i-write-books/</guid><description>Jason and I got an email this morning that said the following: Hi Jason and Brad, Just wanted to thank you for writing the book ‘Venture Deals’. The advice in</description><content:encoded><![CDATA[<p>Jason and I got an email this morning that said the following:</p>
<blockquote>
<p><em>Hi Jason and Brad,</em></p>
<p><em>Just wanted to thank you for writing the book ‘Venture Deals’. The advice in the book seriously helped my startup get a great term sheet on the table on Friday.</em></p>
</blockquote>
<p>We get an email like this often. They come in different forms – some are longer than others – but they always have the same message. “Thank you for helping me.” And that feels awesome. It’s not the extrinsic motivation from the praise, it’s the intrinsic motivation that comes from knowing I’ve put together a book on a difficult topic that is useful.</p>
<p>I’ve currently written three books: <a href="https://www.amazon.com/exec/obidos/ASIN/0470929820/domofa-20" target="_blank" rel="noopener noreferrer">Venture Deals</a>, Do More Faster, and <a href="https://www.amazon.com/exec/obidos/ASIN/1614641390/domofa-20" target="_blank" rel="noopener noreferrer">Burning Entrepreneur</a>. This summer I’m going to write four more – Startup Communities, Startup Life, Startup Boards, and Startup Accounting. They are all in process and at different stages of completion – by the end of the summer they’ll be largely done and will come out quarterly starting in Q3. My goal is to cover a broad range of Startup topics in the same format that Jason and I did with Venture Deals.</p>
<p>Every time I get an email like the one above, it’s a little more fuel to keep on writing.</p>
]]></content:encoded></item><item><title>Kindlegraph My Books</title><link>https://feld.com/archives/2011/08/kindlegraph-my-books/</link><pubDate>Sat, 13 Aug 2011 08:00:21 +0000</pubDate><guid>https://feld.com/archives/2011/08/kindlegraph-my-books/</guid><description>I’ve always loved getting books signed by the author. As an author of two books, it makes me smile a huge smile when someone asks me to sign a copy</description><content:encoded><![CDATA[<p>I’ve always loved getting books signed by the author. As an author of two books, it makes me smile a huge smile when someone asks me to sign a copy of my book for them.</p>
<p>With Kindlegraph, I can finally sign my Kindle books. I met the founder, Evan Jacobs, at <a href="https://www.gluecon.com" target="_blank" rel="noopener noreferrer">Glue</a> a few months ago. He had just started putting books up on it and I immediately told him that I was game to put Do More Faster up. I tweeted about it and signed a few.</p>
<p>Now that <a href="https://www.amazon.com/exec/obidos/ASIN/0470929820/domofa-20" target="_blank" rel="noopener noreferrer">Venture Deals</a> is out I’ve got them both up on Kindlegraph. If you have a Kindle version of either book, or you are buying one, and want me to sign it, just go to my Kindlegraph author page and request for me to sign the book.</p>
<p>And if you haven’t bought the Kindle versions of <a href="https://www.amazon.com/exec/obidos/ASIN/B0046H9BBM/domofa-20" target="_blank" rel="noopener noreferrer">Do More Faster</a> or <a href="https://www.amazon.com/exec/obidos/ASIN/B005CDYQSM/domofa-20" target="_blank" rel="noopener noreferrer">Venture Deals</a>, what are you waiting for?</p>
]]></content:encoded></item><item><title>Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist</title><link>https://feld.com/archives/2011/07/venture-deals-be-smarter-than-your-lawyer-and-venture-capitalist/</link><pubDate>Mon, 18 Jul 2011 06:00:03 +0000</pubDate><guid>https://feld.com/archives/2011/07/venture-deals-be-smarter-than-your-lawyer-and-venture-capitalist/</guid><description>My partner Jason Mendelson and I are psyched to announce that our book – Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist – has been published and is</description><content:encoded><![CDATA[<p><a href="https://www.amazon.com/exec/obidos/ASIN/0470929820/domofa-20" target="_blank" rel="noopener noreferrer"><img src="https://feld.com/archives/2011/07/venture-deals-be-smarter-than-your-lawyer-and-venture-capitalist/domofa-20-215x300.jpg" alt="" title="Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist" loading="lazy"></a>My partner Jason Mendelson and I are psyched to announce that our book – <a href="https://www.amazon.com/exec/obidos/ASIN/0470929820/domofa-20" target="_blank" rel="noopener noreferrer">Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist</a> – has been published and is now available. We are also relaunching <a href="https://www.askthevc.com" target="_blank" rel="noopener noreferrer">AskTheVC</a> – the companion website to the book that we maintained for several years, went dormant for a while, but is alive with content once again.</p>
<p>The book originated in 2005 when Jason and I wrote a long series of posts on this blog about a <a href="https://feld.com/archives/2008/06/revisiting-the-term-sheet/" target="_blank" rel="noopener noreferrer">typical Venture Capital term sheet</a>. It took us a year or so to get all the way through it, but it was fun and generated an enormous amount of positive feedback from entrepreneurs (and would be entrepreneurs) who told us how helpful it was for them to understand how a VC term sheet actually worked.</p>
<p>People regularly suggested that we turn the blog series into an actual book. Until about a year ago we’d simply encourage people to PDF up the posts and do whatever they wanted with them. We got great feedback from students and entrepreneurs all over the world who said they were on the receiving end of the posts, that the posts had been used as the curriculum for a class, or that they had simply referred to them during a negotiation and they were “more helpful than their lawyer.”</p>
<p>After I wrote <a href="https://www.amazon.com/exec/obidos/ASIN/0470929839/domofa-20" target="_blank" rel="noopener noreferrer">Do More Faster: TechStars Lessons to Accelerate Your Startup</a> with David Cohen (the CEO of <a href="https://www.techstars.org" target="_blank" rel="noopener noreferrer">TechStars</a>), Jason and I decided to write <a href="https://www.amazon.com/exec/obidos/ASIN/0470929820/domofa-20" target="_blank" rel="noopener noreferrer">Venture Deals</a>. We knew the term sheet series would only be a small part of the book and would have to be re-written, so we just got to work. Once again, it feels amazingly good to “ship the book” – it’s remarkably hard work to get from “an idea for a book” to an actual book.</p>
<p>For those who think this is just a reprint of the blog posts, they make up less than 20% of the book and have been completely rewritten. The table of contents gives you a feel for this.</p>
<ol>
<li>The Players</li>
<li>How to Raise Money</li>
<li>Overview of the Term Sheet</li>
<li>Economic Terms of the Term Sheet</li>
<li>Control Terms of the Term Sheet</li>
<li>Other Terms of the Term Sheet</li>
<li>The Capitalization Table</li>
<li>How Venture Capital Funds Work</li>
<li>Negotiation Tactics</li>
<li>Raising Money the Right Way</li>
<li>Issues at Different Financing States</li>
<li>Letters of Intent – The Other Term Sheet</li>
<li>Legal Things Every Entrepreneur Should Know</li>
</ol>
<p>While it’s a chewy topic, we’ve tried to keep it light, fun, and enjoyable. But we’ve also tried to make it a must read for any entrepreneur, or would be entrepreneur, or student interested in entrepreneurship, or junior lawyer that is working on deals, and our parents. We’ve created a dynamic companion site at <a href="https://www.askthevc.com" target="_blank" rel="noopener noreferrer">AskTheVC</a>, are working on a teaching guide, and have a few entertaining surprises up our sleeve that will be launched in early September.</p>
<p>Since I’m a shameless book salesman, you’ll be hearing plenty more from me on this blog. But for now, go take a look at Fred Wilson’s wonderful review titled <a href="https://www.avc.com/a_vc/2011/07/be-smarter-than-your-lawyer-and-venture-capitalist.html" target="_blank" rel="noopener noreferrer">Be Smarter Than Your Lawyer and Venture Capitalist</a>.</p>
]]></content:encoded></item><item><title>TechStars Boulder Applications Are Open</title><link>https://feld.com/archives/2011/02/techstars-boulder-applications-are-open/</link><pubDate>Tue, 22 Feb 2011 03:54:29 +0000</pubDate><guid>https://feld.com/archives/2011/02/techstars-boulder-applications-are-open/</guid><description>It’s TechStars Boulder application time again. If you apply by Thursday (February 24th) you will be considered for TechStars for a Day, a great way to get introduced to the TechStars program</description><content:encoded><![CDATA[<p>It’s <a href="https://www.techstars.org" target="_blank" rel="noopener noreferrer">TechStars</a> Boulder application time again. If you apply by Thursday (February 24th) you will be considered for TechStars for a Day, a great way to get introduced to the TechStars program as well as increase your chance of getting selected for the program.</p>
<p>When TechStars first started in Boulder, most of the applicants were what we like to call “pre-seed”.  They were typically a couple of smart co-founders with a rough prototype who probably hadn’t even formed their company yet.  Today the average TechStars company looks much different.  They range from pre-formation to profitable businesses with real revenue and investment.  This is a true testament to TechStars world class mentors; companies at all early stages can benefit from the intense and deep focus of mentorship.</p>
<p>It’s been awesome to watch TechStars grow from one office in Boulder to four offices across the country, a book called Do More Faster, and the recent TechStars Network in just a few short years.  TechStars Boulder’s Managing Director Nicole Glaros tells me applications are rolling in quickly and are shaping up to be the best we’ve ever seen.</p>
<p>Apply now – you can always update your application prior to the final deadline on March 16th.</p>
]]></content:encoded></item><item><title>The Crazy Do More Faster Things People Do</title><link>https://feld.com/archives/2011/02/the-crazy-do-more-faster-things-people-do/</link><pubDate>Sun, 06 Feb 2011 17:47:24 +0000</pubDate><guid>https://feld.com/archives/2011/02/the-crazy-do-more-faster-things-people-do/</guid><description>The creative Do More Faster blogs and movies are getting better and better. Here’s one called Kentrepreneur 1.0 from Snopsize that doubles as an application to TechStars. Awesome. Kentrepreneur</description><content:encoded><![CDATA[<p>The creative Do More Faster blogs and movies are getting better and better. Here’s one called <a href="https://vimeo.com/18735778" target="_blank" rel="noopener noreferrer">Kentrepreneur 1.0</a> from Snopsize that doubles as an application to <a href="https://www.techstars.org" target="_blank" rel="noopener noreferrer">TechStars</a>. Awesome.</p>
<p><a href="https://vimeo.com/18735778" target="_blank" rel="noopener noreferrer">Kentrepreneur 1.0</a> from <a href="https://vimeo.com/eoincorrigan" target="_blank" rel="noopener noreferrer">eoin corrigan</a> on <a href="https://vimeo.com" target="_blank" rel="noopener noreferrer">Vimeo</a>.</p>
]]></content:encoded></item><item><title>Being Interviewed on Live Radio in Dallas</title><link>https://feld.com/archives/2011/01/being-interviewed-on-live-radio-in-dallas/</link><pubDate>Fri, 28 Jan 2011 05:35:33 +0000</pubDate><guid>https://feld.com/archives/2011/01/being-interviewed-on-live-radio-in-dallas/</guid><description>It’s always fascinating to me to actually be interviewed on live radio – in this case on Wall Street Shuffle in Dallas on CNN Radio 1190 AM. I’ve never listened</description><content:encoded><![CDATA[<p>It’s always fascinating to me to actually be interviewed on live radio – in this case on Wall Street Shuffle in Dallas on CNN Radio 1190 AM. I’ve never listened to talk radio but have done a lot of interviews over the years. The folks who are the publicists for Do More Faster have been lining up some radio interviews around entrepreneurship recently and I’m always happy to hop on the radio and talk about the entrepreneurial revolution in the US and entrepreneurial communities.</p>
<p>In this case, the interview was in a Clear Channel studio in a building in Dallas. I was in town for a day hanging out with <a href="https://techwildcatters.com/" target="_blank" rel="noopener noreferrer">Tech Wildcatters</a>, a TechStars-like program in Dallas that was co-founded by my cousin Jon Feld (a successful Dallas-based entrepreneur – Hitachi acquired his company Navigator Systems several years ago.) They are in year two of their program and Tuesday was their preview of the finalists for their second class. I gave a talk to the mentors, watched some of the presentations, and did a big entrepreneurial social event that evening sponsored by Microsoft BizSpark where we gave away copied of Do More Faster to everyone that attended after they listened to me talk and answer questions for a while.</p>
<p>In the middle of the day, Paul Ford (the VP of Marketing at <a href="https://www.softlayer.com" target="_blank" rel="noopener noreferrer">Softlayer</a>) chauffeured me to Clear Channel and back. We had a great talk (Paul is a blast – smart, fun, and super creative.) When we arrived at 14001 North Dallas Parkway, I realized that it was the location of the office of my first real job – a company called PetCom Systems. During the summer of my senior year in high school (1983) I was their first non-founder employee (two founders – husband and wife) and proceeded to spend the next two years writing a couple of their products (PC Log – a well-log analysis system for oil exploration and PC Economics – an oil exploration economic simulation system.) I remember 14001 North Dallas Parkway really well – we were on the seventh floor and I felt like a real grownup sitting in my office coding for $10 per hour and a 5% royalty on all sales of the two products I wrote.</p>
<p>The radio interview was fun and I think it was pretty good – Dan Cofall did a solid interview, asked really good questions and kept things moving along nicely. It’s not embeddable, but you can listen to it here.</p>
]]></content:encoded></item><item><title>Upstate New York Do More Faster Book Tour</title><link>https://feld.com/archives/2011/01/upstate-new-york-do-more-faster-book-tour/</link><pubDate>Mon, 24 Jan 2011 14:00:00 +0000</pubDate><guid>https://feld.com/archives/2011/01/upstate-new-york-do-more-faster-book-tour/</guid><description>Last summer, my long time friend Martin Babinec and his colleague Nasir Ali asked me if I’d come spend a few days in Upstate New York talking about TechStars and</description><content:encoded><![CDATA[<p>Last summer, my long time friend Martin Babinec and his colleague Nasir Ali asked me if I’d come spend a few days in Upstate New York talking about <a href="https://www.techstars.org" target="_blank" rel="noopener noreferrer">TechStars</a> and entrepreneurial communities. I first met Martin around 1990 at one of the very first <a href="https://www.birthingofgiants.com/" target="_blank" rel="noopener noreferrer">Birthing of Giants</a> events and we were both early YEO members together. At the time, Martin had recently started a company called <a href="https://www.trinet.com/" target="_blank" rel="noopener noreferrer">Trinet</a> which today is a large and successful PEO. We’ve been friends for 20 years so it was easy for me to say yes to spend two days with Martin in Upstate New York and help him further his mission of expanding the entrepreneurial communities throughout the region.</p>
<p>Martin’s organization, <a href="https://uvc.org" target="_blank" rel="noopener noreferrer">Upstate Venture Connect</a>, is hosting me on February 2nd and 3rd in Ithaca, Rochester, and Syracuse. The full agenda is on the website and the public events include:</p>
<p>2/2/11: 4:30p – 5:30p: Sage Hall Room B9, Cornell University, Ithaca, NY</p>
<p>2/2/11: 6:00p – 8:30p: UVANY Capital Forum, Ithaca Country Club, 189 Pleasant Grove Road, Ithaca</p>
<p>2/3/11: 11:30a – 1:30p: Somewhere in Rochester (TBD, hopefully by 2/3/11!)</p>
<p>2/3/11: 3:00p – 4:30p: Rochester Institute of Technology, Rochester</p>
<p>If you are interested in getting together, go check out the agenda which lists who to contact and how to register for the various events. If you bring a copy of Do More Faster, I’ll happily sign it. And yes, I realize that it is very cold in Upstate New York in February. Hopefully we’ll generate some entrepreneurial heat together.</p>
]]></content:encoded></item><item><title>Do More Faster Book Excerpts</title><link>https://feld.com/archives/2010/12/do-more-faster-book-excerpts/</link><pubDate>Wed, 22 Dec 2010 09:40:50 +0000</pubDate><guid>https://feld.com/archives/2010/12/do-more-faster-book-excerpts/</guid><description>David Cohen (TechStars CEO and co-author of Do More Faster) is blogging a chapter a week from the book on the TechStars web site.  The first chapter he’s put up</description><content:encoded><![CDATA[<p>David Cohen (<a href="https://www.techstars.org" target="_blank" rel="noopener noreferrer">TechStars</a> CEO and co-author of Do More Faster) is blogging a chapter a week from the book on the TechStars web site.  The first chapter he’s put up is “Do More Faster” (by David).</p>
<p><img src="https://feld.com/archives/2010/12/do-more-faster-book-excerpts/DoMoreFaster.png" alt="Do More Faster" title="DoMoreFaster.png" loading="lazy"></p>
<p>TechStars is currently accepting applications for the Boston program in the spring of 2011.  Do More Faster and go apply now if you’ve been thinking about it.</p>
]]></content:encoded></item><item><title>StockTwits.TV Do More Faster Interview – Jeff Clavier</title><link>https://feld.com/archives/2010/11/stocktwits-tv-do-more-faster-interview-jeff-clavier/</link><pubDate>Tue, 23 Nov 2010 17:00:00 +0000</pubDate><guid>https://feld.com/archives/2010/11/stocktwits-tv-do-more-faster-interview-jeff-clavier/</guid><description>Today Howard Lindzon takes on Jeff Clavier of SoftTech VC in his Do More Faster interview series.  Jeff has been an awesome TechStars mentor since the very first Boulder program</description><content:encoded><![CDATA[<p>Today Howard Lindzon takes on Jeff Clavier of <a href="https://www.softtechvc.com/" target="_blank" rel="noopener noreferrer">SoftTech VC</a> in his Do More Faster interview series.  Jeff has been an awesome TechStars mentor since the very first Boulder program in 2007, has made a number of investments in TechStars companies, and has co-invested with me and my partners at <a href="https://www.foundrygroup.com" target="_blank" rel="noopener noreferrer">Foundry Group</a> in several companies, including <a href="https://www.sendgrid.com" target="_blank" rel="noopener noreferrer">SendGrid</a>, <a href="https://www.gnip.com" target="_blank" rel="noopener noreferrer">Gnip</a>, and <a href="https://www.nextbigsound.com" target="_blank" rel="noopener noreferrer">Next Big Sound</a>.</p>
<p>Jeff has been Doing More Faster since I met him – he’s one of the most prolific investors in consumer Internet companies and his firm SoftTech VC was the original “micro-VC firm.”  He also has thought hard about how to Do More Faster by “decoupling value provided from time spent”, something that is key for anyone who is as an active investor as Jeff is.</p>
]]></content:encoded></item><item><title>Win a Copy of Do More Faster in the Next 36 Hours</title><link>https://feld.com/archives/2010/11/win-a-copy-of-do-more-faster-in-the-next-36-hours/</link><pubDate>Tue, 23 Nov 2010 06:00:00 +0000</pubDate><guid>https://feld.com/archives/2010/11/win-a-copy-of-do-more-faster-in-the-next-36-hours/</guid><description>If you go to Feld Thoughts, TechStars, or David Cohen’s web site, you’ll notice a little red tab on the right side of the browser that says “Marginize”.  If you want</description><content:encoded><![CDATA[<p>If you go to <a href="https://feld.com" target="_blank" rel="noopener noreferrer">Feld Thoughts</a>, <a href="https://www.techstars.org" target="_blank" rel="noopener noreferrer">TechStars</a>, or <a href="https://www.davidgcohen.com/" target="_blank" rel="noopener noreferrer">David Cohen’s web site</a>, you’ll notice a little red tab on the right side of the browser that says “Marginize”.  If you want a chance to win a copy of Do More Faster, click it!</p>
<p>Marginize is one of the TechStars Boston 2010 companies.  Since their soft launch at the end of the TechStars program a few months ago, their users of the Marginize browser add-on have used it on over 150,000 sites.  They’ve just launched their new publisher widget and are on a number of sites, including <a href="https://www.boston.com" target="_blank" rel="noopener noreferrer">Boston.com</a> and <a href="https://www.xconomy.com" target="_blank" rel="noopener noreferrer">Xconomy</a>.  Marginize enables an additional social interaction layer on existing web sites, including things like checkins, shares, comments and badges.</p>
<p>For example, see who has earned the <a href="https://mar.gy/badges/59-do-more-faster" target="_blank" rel="noopener noreferrer">Do More Faster badge</a> by visiting one of <a href="https://feld.com" target="_blank" rel="noopener noreferrer">Feld Thoughts</a>, <a href="https://www.techstars.org" target="_blank" rel="noopener noreferrer">TechStars</a>, or <a href="https://www.davidgcohen.com/" target="_blank" rel="noopener noreferrer">David Cohen’s web site</a>.  Our friends at Marginize will choose three random winners from the full group of Do More Faster badge holders on Wednesday night, so you time to check in is short.  All you need to do to earn the badge is take a Marginize action on one of the three sites (write, reply, like, or check in.)  Since you use your Twitter, Facebook, or Buzz credentials to sign in, the Marginize folks will message the winners directly to coordinate getting them a book.</p>
<p>If you don’t win, you can still buy the book.  I’m quite confident Wiley will print as many as y’all want and – well – the <a href="https://www.amazon.com/More-Faster-TechStars-Accelerate-ebook/dp/B0046H9BBM/domofa-20" target="_blank" rel="noopener noreferrer">Kindle version of Do More Faster</a> doesn’t actually require printing.</p>
]]></content:encoded></item><item><title>StockTwits.TV Do More Faster Interview – Greg Gottesman</title><link>https://feld.com/archives/2010/11/stocktwits-tv-do-more-faster-interview-greg-gottesman/</link><pubDate>Mon, 22 Nov 2010 18:00:00 +0000</pubDate><guid>https://feld.com/archives/2010/11/stocktwits-tv-do-more-faster-interview-greg-gottesman/</guid><description>Today’s interview on Do More Faster is Greg Gottesman, a managing director at Madrona Venture Group in Seattle.  Greg was instrumental in bring TechStars to Seattle and has been a</description><content:encoded><![CDATA[<p>Today’s interview on Do More Faster is Greg Gottesman, a managing director at <a href="https://www.madrona.com/" target="_blank" rel="noopener noreferrer">Madrona Venture Group</a> in Seattle.  Greg was instrumental in bring TechStars to Seattle and has been a great friend and co-investor over the years.  Among other things, Greg teaches at University of Washington and recently built a class around Do More Faster.</p>
<p>Greg’s chapter is on the characteristics that define an innovative startup culture.  He’s also part of a <a href="https://www.techflash.com/seattle/2010/10/fifteen-years-at-madrona-the-hits-the.html" target="_blank" rel="noopener noreferrer">firm that just celebrated its 15th anniversary with a fun roast reflecting on their successes, failures, and missed deals</a>.</p>
]]></content:encoded></item><item><title>StockTwits.TV Do More Faster Interview – Ben Huh</title><link>https://feld.com/archives/2010/11/stocktwits-tv-do-more-faster-interview-ben-huh/</link><pubDate>Fri, 19 Nov 2010 11:16:34 +0000</pubDate><guid>https://feld.com/archives/2010/11/stocktwits-tv-do-more-faster-interview-ben-huh/</guid><description>Next up in the StockTwits.TV Do More Faster Interview series is Ben Huh, the founder/CEO of Pet Holdings, better known as the guys who do ICanHasCheezburger, Fail Blog, and about</description><content:encoded><![CDATA[<p>Next up in the StockTwits.TV Do More Faster Interview series is Ben Huh, the founder/CEO of <a href="https://cheezburger.com/" target="_blank" rel="noopener noreferrer">Pet Holdings</a>, better known as the guys who do <a href="https://icanhascheezburger.com/" target="_blank" rel="noopener noreferrer">ICanHasCheezburger</a>, <a href="https://failblog.org/" target="_blank" rel="noopener noreferrer">Fail Blog</a>, and about 50 other crazy and hilarious sites.</p>
<p>I was introduced to Ben several years ago by my friend Micah Baldwin (<a href="https://graphic.ly/" target="_blank" rel="noopener noreferrer">Graphic.ly</a> CEO, <a href="https://www.techstars.org" target="_blank" rel="noopener noreferrer">TechStars</a> Mentor, contributor to Do More Faster, and hilarious dude in his own right.)  I care deeply about community and have learned a lot about it from both Micah and Ben.  Ben was pretty serious sounding in this interview, so if you need a good end of the work week office laugh, one follows.  But – listen to the interview with Ben – you’ll learn something.</p>
<p><a href="https://work.failblog.org/2010/11/18/job-lols-and-here-we-go/" target="_blank" rel="noopener noreferrer"></a><br>
see more <a href="https://work.failblog.org" target="_blank" rel="noopener noreferrer">Monday Through Friday</a></p>
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