F%^$ and f*&^%$#

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As Amy and I continue to crank away on Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur, I learned a funny, perplexing, and strange thing. There apparently is an editorial standard, at least at Wiley, for the words “fuck” and “fucking”.

Fuck = F%^$

Fucking = F*&^%$#

Crazy. Hilarious. Fun. Bizarre.

I discovered this yesterday as I was going through and making all the changes to the feedback from our “publisher draft” submission which we got back on Friday. We’ve got plenty of dialogue with the words “fuck” and “shit” in them because (a) that’s how a lot of humans, including us, talk and (b) when there’s conflict, which we cover a lot in the book, the words “fuck” and “shit” tend to fly.

For some reason “shit” is ok. It made it through this particular edit pass. But “fuck” did not, except in a particular phrase, “fuck you money.” Let’s see if that one survives the next edit pass. And, when the final book comes out, we’ll see if shit did as well.

Back to working on the book. The final deadline is 10/22 so if you see me in the next nine days and you want to torture me, just ask “how’s the book going.” I expect you’ll hear some variant of f%^$ in my response.

October 14th, 2012     Categories: Writing     Tags: , , , ,

The Power of a Deadline

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If you’ve ever shipped anything, you understand the power of a deadline. It’s incredibly helpful to me as an investor to also be a maker, as I get to experience the same pressure many of the people I’m investing in feel, as I try to weave the creation – in my case of books – into a very busy life. Blending the creative / maker experience with a very full manager experience is fascinating, hard, and very enlightening.

The latest maker experience I’m having is the book my wife Amy and I are writing called Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur. The deadline for the draft that “goes into production” with our publisher (Wiley) is due on 10/22. “Going into production” means the writing is done –  the next thing we get back is the copyedited version, which we can tweak, but not make major changes to. Basically, once we submit on 10/22 other than cleaning stuff up, the ship has sailed.

While the Startup Life deadline looms, it’s not at the top of my work priority stack. My top work priority is my activity as a partner at Foundry Group. This is unambiguous to me and everyone around me – I spend the vast majority of my time on this and any time an entrepreneur I’m working with needs me they get a top level interrupt on anything I’m doing. Next in line is my work with TechStars. Next is the book Startup Communities: Building an Entrepreneurial Ecosystem in Your Community which shipped at the end of September. Then Startup Life. That’s it – I’ve got no capacity for anything else right now.

When I got back from “summer” – which was my return to New York from my bike trip to Slovenia – Amy and I had 15,000 words written for Startup Life. The book was put together pretty well – we knew what we wanted to write, but we had a ton of writing to do. We were together in New York for two weeks so we got a lot of writing done in between all the other stuff we did. I’ve been traveling around the country since and our weekends have been dedicated to writing while Amy writes all week as I run around and do my thing.

Last night after getting to the hotel room in San Francisco at 10pm, I spent three hours making a bunch of minor edits to the current version (we are still using SkyDrive and it has been awesome.) My assistant Kelly printed a copy out on Monday morning for me to drag around. It’s the first time I’ve read the book from beginning to end on paper and it validated that we are almost there. Last night when I went to bed we had 65,656 words. We’ve still got a few things to add in, but we are close.

The deadline dynamic is fascinating. Originally we had a “publisher draft deadline” of today (10/12/22). This is the version we submit to our senior editor and his team. They do a quick review with broad suggestions. This was due back to us on 10/17/22. We then have a “production draft deadline” of 10/22/22 (five days in this case.) While all of that feels very tight, given that this is my fourth book with Wiley, they are comfortable with my approach and I know what to expect back from them. But five days still isn’t very much.

So Amy and I beat our deadline and shipped the publisher draft early Monday morning on 10/8/12. This bought us an extra weekend of work since we’ll get the feedback today rather than on next Wednesday, 10/17/22. We now have ten days until our final deadline on 10/22/12, instead of only five.

Several people have suggested we write a book titled “Startup Author: Surviving and Thriving Writing a Book With Your Significant Other.” It’s been an awesome experience to do a collaborative project like this with Amy. I love her brain and how it works. It’s very different than mine and we each know and understand that. We complement, and compliment, each other a huge amount, and I feel this is reflected in the book, which makes me happy.

The deadline is such a powerful forcing function. I’m experiencing it again first hand and it gives me even more respect for the entrepreneurs I work with everyday. After I finished up last night, I gave myself a pre-sleep treat and watched Episode 3 of the founders. As I was watching it, I thought of the title for this post. So – count this riff inspired by all of the founders at TechStars - y’all are the really awesome ones who inspire me!

October 12th, 2012     Categories: Startup Marriage     Tags: , , , ,

Kauffman Sketchbook on Startup Communities

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I just finished up at Thinc Iowa and am heading to San Francisco for a few meetings tomorrow. I had an awesome time in the last 24 hours, especially last night hanging out for three hours with 20 or so  entrepreneurs at StartupCity in Des Moines.

I started my talk off today by showing a video that the Kauffman Foundation just did for Startup Communities. It’s part of the Kauffman Sketchbook series which I completely love. I think it does a fantastic job of explaining the Boulder Thesis, which is the framework that I use in Startup Communities for how to create a vibrant and sustainable entrepreneurial ecosystem.

If you haven’t seen the Kauffman Sketchbook series, go check out some of the other videos. My favorite is from Paul Kedrosky about raising capital titled Money Game. It follows.

October 11th, 2012     Categories: Startup Communities     Tags: , , , ,

In Boulder on Monday 10/15 Talking About Startup Communities

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My friends Phil Weiser and Brad Bernthal at Silicon Flatirons (who are a big part of the book Startup Communities) are hosting me in Boulder on Monday for a “Crash Course: Startup Communities – Building an Entrepreneurial Ecosystem in Your City.”) It’s happening at CU Boulder from 6:15pm – 7:45pm and Lesa Mitchell from the Kauffman Foundation will be joining us for a discussion. Lesa and her colleague Paul Kedrosky has also been a big supporter and influencer on my thinking in this area.

If you want a preview of what I’ll be talking about, Steve Blank, the successful entrepreneur and brilliant brain behind the Customer Development idea, has an outstanding and thorough (like everything Steve does) review of Startup Communities up on his site.

This is the first public session in Boulder about Startup Communities. I’m in Chicago today at the Startup America Regional Summit where I’m talking about Startup Communities with leaders of about 35 regions that have embraced the Startup America movement. I’ve been having a lot of fun talking about the book, getting feedback from entrepreneurial leaders around the country, and meeting with some new and interesting entrepreneurs who are working on super cool businesses. But it’s always fun to have home court advantage and I’m very much looking forward to spending time talking about Startup Communities with a bunch of people in Boulder who helped me figure all this stuff out.

If you are in Boulder on Monday 10/15 and want to come hang out, register for the event now (it’s free) and come join us.

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October 9th, 2012     Categories: Startup Communities     Tags: , , , ,

MakerBot Is Hiring Software and Manufacturing Engineers

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MakerBot is hiring a lot of folks but they have a two specific needs that are unique. If you fit the description, or know someone who does, please reach out to me or apply.

1. Software Engineer with a focus in Computational Geometry and Image Processing (http://makerbot.applicantstack.com/x/detail/a2m4ro97dz39)

2. Manufacturing Engineer to be a strong leader for our manufacturing teams (http://makerbot.applicantstack.com/x/detail/a2m4ro9s06i3)

The jobs are in Brooklyn, home of all things MakerBot.

October 8th, 2012     Categories: Jobs     Tags: ,

Hacker News For Startup Communities

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I’m a huge admirer of Hacker News – it’s one of the sites I look at every day in my Daily reading routine. I scan the links, often click through to articles, and occasionally comment.

I’ve decided to try a similar approach for the Startup Revolution community that I’m calling the Startup Revolution Hub. Rather than reblog a bunch of stuff that I get from the world about Startup Communities, I’m going to open up the ability to put this up on the Hub to anyone who wants to contribute, starting now. I’ve built the Hub on top of SocialEngine, which is rapidly evolving as an amazing tool for building and managing communities.

As we roll out other books in the Startup Revolution series, including Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur, we’ll use the Startup Revolution Hub for these as well.

If you are interested in being part of the Startup Revolution, go to the Startup Revolution Hub right now, sign up, and contribute! And, feature requests about the Hub are welcome.

October 8th, 2012     Categories: Startup Revolution     Tags: , , ,

The Founders: The Problem, The Solution, and Why We Give A Shit

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Are you watching The Founders Season 3 on TechStars.TV? If not, why not? Episode 2 (and Go!) is below – it echoes the points made yesterday in my post If You Can’t Explain What You Do In A Paragraph, You’ve Got A Problem.

There’s a cameo from my dad (Stan Feld) at 2:05. See – even dad’s care about TechStars. In addition to seeing Stan, you get to learn what a 10:10 meeting is. And you get to see the teams struggle with their shitty elevator pitches at the very beginning of the program.

Early this morning I got a note from Allen Morgan pointing to a blog he wrote titled Entrepreneurs: For Venture Capital Pitches, Say What Your Startup “Does” not What It “Is”It nicely reinforces the point that active voice wins over passive voice. As Allen says at the end, “Be active, not passive.  Passive puts audiences to sleep; not good in a pitch where you’re asking for money.”

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October 7th, 2012     Categories: TechStars     Tags: ,

If You Can’t Explain What You Do In A Paragraph, You’ve Got A Problem

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Here’s an email exchange that I had in the past 24 hours with an entrepreneur. Remember, I try to answer all of my emails and be responsive to any inquiry – this was a random one (which I get between 25 and 100 a day).

Entrepreneur: I just wanted to touch base with you and see if you are taking on new startups right now.

Me: Can you send me a paragraph and I’ll tell you if it’s something we’d be interested in. Everyone else to bcc:

Entrepreneur: It’s difficult to accurately describe the company, myself, and everything else in a single paragraph. To write something so small but somehow include every important aspect is near impossible, if not impossible. My company is too complex to be described in a single paragraph. 

I responded politely that I didn’t think this was something I’d be interested in exploring. I did skim his longer description and took a look at the website (which was a landing page with some a vague description of the business.) I could determine from this that it’s not something we’d be interested in (it’s outside of our themes) but this entrepreneur also missed his chance to engage me more deeply since he couldn’t articulate what he was doing.

I was in Oklahoma City earlier this week with the entrepreneurs at the Blueprint for Business accelerator (it’s a member of the Global Accelerator Network). There were five companies there and in addition to the various talks I did around Startup Communities I stayed at BP4B until about 10pm doing 15 minute meetings with each of the teams. I did my typical 15 minute “top of mind drill” where I start by saying “tell me about yourself as quickly as you can and then let’s spend most of the time talking about whatever is on the top of your mind.” Several of the teams explained themselves in a minute or less and then had 14 minutes to ask me questions; several of the teams took five to ten minutes to explain themselves leaving less time for questions.

I strongly believe that a founder should be able to explain what they do in one paragraph. I’m not a believer in the “one sentence mashup approach” (e.g. we are like pinterest + groupon + facebook for dogs). Rather, I like three sentences: (1) what we do, (2) who we do it to, and (3) why you should care. Sometimes this can be two sentences; sometimes four, but never more than a paragraph.

Yesterday, I spent 30 minutes with one of the teams in TechStars Seattle that I’m a lead mentor for. They are a month away from Demo Day and wanted to practice the very rough version of the demo day presentation. I gave them a bunch of feedback – some specific, some general, including:

  • Show don’t tell
  • I hate doing the overview / bios at the beginning
  • You wasted the first 60 seconds
  • Weak explanation of what you are actually doing and why I care
  • Still don’t really know what you do

If you are an entrepreneur, you have less than 60 seconds to get an investors attention. Don’t waste it.

October 6th, 2012     Categories: Entrepreneurship     Tags: , , , ,

The Companies in the Microsoft Accelerator for Windows Azure Program

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I’ve written before about the Kinect Accelerator and Microsoft Accelerator. On Monday, the Microsoft Accelerator for Windows Azure companies were announced. The program begins this week and ends in mid-January. Since the program is powered by TechStars, it’ll follow the standard TechStars timeline, finishing up with a demo day at the end of the program.

This is a global class. The companies included in this group hail from from Australia, Germany, San Diego, San Francisco and Los Angeles to join the program in Seattle. I’m psyched to see what these companies build for and on top of Microsoft Azure.

Meet the ten Microsoft Accelerator for Windows Azure companies that made the cut:

               
               
     

Follow the program on Twitter: @bizspark and @windowsazure.

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October 4th, 2012     Categories: TechStars     Tags: , , ,

Book: The Greatest Business Decisions of All Time

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Verne Harnish‘s new book, The Greatest Business Decisions of All Time, is out. I’ve read the excerpt up on Fortune and I’m looking forward to reading the entire book this weekend. The short description follows:

The Greatest Business Decisions of All Time – with a Foreword by Jim Collins — is Verne Harnish’s latest book.  Author of the ever popular Mastering the Rockefeller Habits, Verne along with some of the top writers and editors at Fortune magazine, share the inside story on 18 of the most unconventional decisions ever made in business – decisions that not only changed companies, but changed industries and even nations.   Endorsed by several top CEOs and biz authors, these decisions should spark important ideas to transform your own companies and industries.  If you want a sample, download a free chapter (GE’s key decision) and read Verne’s six page Introduction.   

I’ve known Verne since 1990. A little known fact about us is that he was the only person I knew in Boulder when Amy and I moved here in 1995 (he moved to the east coast within the next year.) While we don’t spend a ton of time together these days, I have enormous respect for him as a thinker, scholar, and teacher around entrepreneurship. His company Gazelles has long been involved in helping numerous high growth companies in all aspects of their growth.

I first met Verne at the first Birthing of Giants program in 1990. I noticed an advertisement for it in Inc. Magazine. At the time I was president of Feld Technologies, my first company. We were 12 people and slightly more than $1 million in revenue. The advertisement spoke to me and I applied. I was accepted and a few months later had one of the most incredible weekends of my life with about 60 of my peers hanging out at the MIT Endicott House. It was the first time I discovered my peer group and it led to a long-term involved in Young Entrepreneurs Organization (where I founded the Boston and Colorado chapters) and planted deep seeds for my understanding of the power of mentorship.

I’ve been a huge fan of Verne’s since the day I met him in 1990. Many other amazing people were at that first Birthing of Giants event, including Ted Leonsis, Martin Babinec, and Keith Alper. I’m participating in a reunion in October in Boston – I’m very much looking forward to it. In the mean time, I’m going to reward myself for getting the publisher’s draft of Startup Life done this weekend by laying on the couch and reading Verne’s new book.

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October 4th, 2012     Categories: Books     Tags: , ,