Yesterday I sent emails out passing on participating in two seed rounds for companies I really like. They had lots of investors trying to invest and each company was competitive with two other seed stage companies we’ve seen in the past 30 days. First, some background. We’ve Next Big Sound) or $15m as our first investment (e.g. SEOMoz). MORE >>

Yesterday, my partners and I invited Paul Romer over to USV for lunch. For those that don't know, Paul is a leading thinker in the world of economics and currently a Professor at NYU. It was a fascinating conversation. Instead of limiting Pennsylvania to Quakers, they welcomed all comers. Tolerance and Prosperity go hand in hand. MORE >>

If you haven’t had a failure, you aren’t pushing the limits. If you are really an entrepreneur, you are a risk taker and less cautious by nature, so failures should be expected. Wear you startup failure as a badge of courage. Don’t go after failure, but embrace it when it does happen and grow from it. They are better off keeping their day job. MORE >>

It’s Wednesday late afternoon. m aboard Delta flight 1833 from Cincinnati (actually, Northern Kentucky for what it’s worth) to Los Angeles. had a very enjoyable day in Cincinnati meeting many local entrepreneurs, angels and accelerators. felt nostalgic. They have a marker where first base was and where Pete Rose hit his record-breaking 4,192nd hit. MORE >>

The Founder’s Dilemmas by Noam Wasserman is another book that belongs on every entrepreneur’s bookshelf. It’s excellent. met Noam for the first time last week when I was at HBS. was on a panel of VCs (me, Mike Maples Jr., Kate Mitchell, and David Frankel) talking to a room full of HBS alumni who are VCs. MORE >>