September, 2017

Seattle Screenings of For Here or To Go?

Feld Thoughts

Amy and I have been big supporters of a movie about immigration called For Here or To Go? With our friends at Boundless , we are sponsoring a week of screenings in Seattle.

How companies strangle innovation – and how you can get it right

Steve Blank

A shorter version of this post first appeared on the HBR blog. — I just watched a very smart company try to manage innovation by hiring a global consulting firm to offload engineering from “distractions.”

Some Thoughts On Burn Rates

A VC : Venture Capital and Technology

The startup and venture capital businesses are based on a general idea that you can and should invest heavily into your business in order to increase value creation, amplify it, and accelerate it. These investments mostly take the form of operating losses, driven by headcount, where the monthly expenses are larger, often much larger, than revenues. These losses are known in the industry vernacular as “burn rates” – how much cash you burn on a monthly basis.

8 Attributes Of The Most Creative Startup Founders

Startup Professionals Musings

An entrepreneur is literally “one who creates a new business.” The best new businesses are ones that have never been done before, so mastering creativity and recognizing creativity are key skills and mindsets. But how does one recognize and nurture creativity in a person or team?

The Case For & Against Cryptocurrencies (for those tired of all the noise)

Both Sides of the Table

In more than a decade of writing about the Internet and tech-enabled businesses I’ve learned that mobs don’t do nuance well.

More Trending

Diversification (aka How To Survive A Crash)

A VC : Venture Capital and Technology

I was emailing with my friend Harry this past week and we started talking about crypto and the inevitability of a massive crash. I am certain the big crash will happen. I don’t know when it will happen and I think it may be some time before it does. But better safe than sorry. So I’m going to write some thoughts about how to survive it. I told Harry my personal story of having 90% of our net worth go up in smoke in the dot com bubble and crash.

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10 Negatives That Still Make Going Public A High Risk

Startup Professionals Musings

In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Today the rate of startups going public (IPO – Initial Public Offering) is up from the dead zone, but is still half the rate of 15 years ago.

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Why the Former President of Nickelodeon Joined mitú as CEO.

Both Sides of the Table

Why the Former President of Nickelodeon Joined mitú as CEO.

An Essay On Bitcoin Pricing


The concept of bitcoin is really fantastic. Groups of people join together sharing power and computer power and by virtue of the blockchain and its characteristics, you create more coins.

Book: Against Our Will: Men, Women and Rape

Feld Thoughts

“Men are afraid that women will laugh at them. Women are afraid that men will kill them.” – Margaret Atwood. A few weeks ago, after reading the New York Times Sunday Review article The Book That Made Us Feminists , I asked Amy for several recommendations for books that were foundational to the feminist movement. I purchased all that she suggested and added them to my infinite list of books to read.

Strategic Activities for a Company Retreat

A Smart Bear: Startups and Marketing for Geeks

I am planning a company retreat. What are some great questions we can work on as a company? cc @RNeivert @robwalling @asmartbear. — James Kennedy (@JamesKennedy) July 15, 2017. I happened to be sitting on the tarmac, delayed.

You Make Money With Wins, You Make Friends With Losses

A VC : Venture Capital and Technology

Brad Feld has a great post about the emotional toll of the collapse of the internet bubble. Near the end, he writes: When I reflect on my relationship with Seth, Jason, and Ryan much of the intense loyalty between us was forged in the period during and after the debacle that was the collapse of the Internet bubble. Some of my lifelong friendships, with people like Len Fassler, Dave Jilk, Jenny Lawton, Will Herman, Ilana Katz, and Warren Katz were solidified by the intensity of this time frame.

7 Action Items For Introverts Starting New Ventures

Startup Professionals Musings

You can’t win as an entrepreneur working alone. You need to have business relationships with team members, investors, customers, and a myriad of other support people. That doesn’t mean you have to be a social butterfly to succeed, or introverts need not apply.

“Convince Me” said the Investor. “No” said the Founder.

Hunter Walker

It’s in a founder’s natural disposition to want to convince people of their point of view.

Ethanol Outlook September 2017


Ethanol prices remained relatively unchanged over the past month, as increasing production in the U.S. and Brazil kept a tab on demand-induced upward price pressures. The spot price registered on 8 September was USD 1.64 per gallon. The price was 0.6%

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Emotional Lessons From the Collapse of the Internet Bubble

Feld Thoughts

My friend Dave Jilk recently shared the following Robert Frost poem with me. Lodged. by Robert Frost. The rain to the wind said, ‘You push and I’ll pelt.’ ’ They so smote the garden bed. That the flowers actually knelt, And lay lodged–though not dead. I know how the flowers felt. That perfectly describes how 2001 felt to me. We now have at least one generation of VCs and entrepreneurs who didn’t experience the collapse of the Internet bubble.

Is Passion Enough to Make Your Business Succeed?

Up and Running

To succeed as a small business owner and an entrepreneur, you need passion. That’s what led me to start my business, BlueVine , four years ago. BlueVine, which is based in Redwood City, California, offers online working capital financing to small- and medium-sized businesses in many industries.


A VC : Venture Capital and Technology

I remember when I was in my early 20s and just starting out in the venture capital business, I came across an old wall street saying that “a market climbs a wall of worry.” ” I didn’t understand it and that made me want to. I read a bit about the saying and came to understand that bull markets require an uneasy feeling. Worrying is a fundamental characteristic of most investors I know. Greed and fear are the two opposing elements of market forces.

10 Steps To Investing Successfully In New Ventures

Startup Professionals Musings

Investing in entrepreneurs and startups is a fun but different world from investing in conventional stocks, bonds, and commodities. First of all, it’s more of an investment in people than in a business, since the startup is usually an idea barely half-baked when they need your money.

5 Ways To Unleash The Full Potential Of Your Team

YFS Magazine

People are the life blood of your business. Therefore, creating a culture that taps into their potential should be a priority. Company Culture Grow company culture employee appreciation employee engagement workplace development

All Entertainment in the Next Decade Is Digital Entertainment

View from Seed

Certain areas of the Everyday Economy , such as home and food , have been largely insulated from the internet and other technological forces. But one aspect of our daily lives has already changed dramatically since the dawn of the internet: How we are entertained. We now take for granted technologies that fairly recently seemed like far-off predictions, such as affordable and ubiquitous broadband along with smartphone penetration.

Enjoy Every Day

Feld Thoughts

Ted Rheingold just passed away. He was an amazing guy beloved by many. Endlessly joyful, inspiring, and loving. His autoresponder (typos and all) is one for the books, and like great poetry, worth reading over and over. My cancer (ccRCC, metastic) has gotten the upper hand and I’ll be. putting all my resources into managing it. In my stread, please keep these very important messages in place: * be good to each other. enjoy evert day. wanting is suffering. *

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Leading Indicators of Customer Churn, And What to Do About It


You’ve been acquiring a ton of customers lately for your SaaS company. On the surface, this seems awesome. More customers, more money. So you throw your energy into your customer funnel. However, soon after sign up, they seem to fly right out the back door. Why is this happening?

Audio Of The Week: Andy Weissman on Twenty Minute VC

A VC : Venture Capital and Technology

In this podcast, my partner Andy talks a lot about USV’s investment process. It’s a good interview. VC & Technology

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7 Ways To Be The New Venture Leader Investors Seek

Startup Professionals Musings

In the beginning all businesses are just people playing out an idea. It’s never the other way around – there is no idea so big that it doesn’t need people to make it succeed. Investors know this, hence the saying “Bet on the jockey (founder), not the horse (idea).”

4 Ways To Improve B2B Client Relationships

YFS Magazine

Customer happiness isn’t easy. Most people think a great personality and a smile makes great service, but there’s more to it. Customer Service Grow client management client relations customer satisfaction

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Cyclically adjusted price-to-earnings ratio (Should we be worried?)


The C.A.P.E. ratio is above 30 today, compared with an average of 16.8 since 1881. It has been above 30 in only two other periods: in 1929, when it reached 33, and between 1997 and 2002, when it soared as high as 44.

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Last Chance to Sign Up For The Fall 2017 Venture Deals Course

Feld Thoughts

Kauffman Fellows and Techstars are running another cycle of the Venture Deals course with me and Jason Mendelson. Signups close tomorrow as the course runs from 9/24/17 – 11/13/17. The course is free to everyone. The seven-week course, which is about five hours of work each week, has the following agenda. Week 1 – Introduction of key players/Form or join a team. Week 2 – Fundraising/Finding the Right VC. Week 3 – Capitalization Tables/Convertible Debt.

Key Performance Indicators (KPIs) for Optimization


It’s easy to get lost down the rabbit hole of metrics for your business. When it comes to getting the most out of your website performance, only certain metrics are what you can consider key performance indicators. The trick is figuring out which ones. What are key performance indicators?

The Great Retail Reinvention: How the Internet Is Reshaping the Way We Buy Clothing

View from Seed

Apparel is currently one of the most fascinating categories within the Everyday Economy. It’s a $1T+ global industry undergoing tectonic shifts. We are currently seeing the most rapid collapse of retail since the Great Recession, due to the internet changing consumer demand and purchasing patterns. In 2017 alone, we’ve seen widespread store closures or bankruptcies from apparel retailers, including: True Religion. JC Penny. Macy’s.

Startup Marketing Should Skip Traditional Advertising

Startup Professionals Musings

The power and influence of paid media advertising, including print ads, TV commercials, radio, and even online digital campaigns is waning, in favor of unpaid earned and owned messaging from your website, social media, key market influencers, and existing customer word-of-mouth.

This Is The Difference Between A Wantrepreneur And An Entrepreneur

YFS Magazine

If you want to keep it real and prove to the world you aren’t another wantrepreneur, here's what you need to know and do now! Lead leadership personal development success advice wantrepreneur

Bank of Japan Owns 60% of Japan ETFs


The Bank of Japan (BOJ) governor Haruhiko Kuroda kept the interest rates and asset buying program intact in the recent policy meeting. The BOJ maintained a negative 0.1% interest rate, which was widely anticipated by the markets.

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Running From Aspen to Basalt

Feld Thoughts

I’m running my 25th marathon in South Dakota on 10/8/17. My training has been going well and I’m now in a zone of 30+ miles a week with a long run once a week in the high teens. Today’s run from Aspen to Basalt was the best run I’ve had in over a year.