It’s All About The Entrepreneur

I’m in Minneapolis with my partner Seth. We had a meeting at Best Buy headquarters, met with a gang from the Mayo Clinic who drove up from Rochester, spent the afternoon at the Techstars Retail Accelerator which is at Target headquarters, and had dinner with Revolar. We are at the Techstars Retail Accelerator again today, then at Leadpages for a board meeting, and wrapping up with an internal Target event and an external startup community event put on by Beta.MN.

It’s two full days of immersion in the Minneapolis startup community. As I crawled into bed last night after jamming through my email, I smiled and thought to myself that Seth and I had a good day with a bunch of people talking about the power of entrepreneurship – and how the entrepreneurs are the leaders – while getting to work with a bunch of entrepreneurs.

I woke up to Fred Wilson’s post Understanding VCs and nodded my way through it. I particularly loved how he started.

VCs are not heroes. We are just one part of the startup ecosystem. We provide the capital allocation function and are rewarded when we do it well and eventually go out of business when we don’t do it well. I know. I’ve gone out of business for not doing it well.

If there are heroes in the startup ecosystem, they are the entrepreneurs who take the biggest risks and create the products, services, and companies that we increasingly rely on as tech seeps into everything.

What Fred said.

VCs – go read his post and reflect on it.

Entrepreneurs – go read his post and take it to heart.

Fred – thanks for saying it so well in your inimitable direct style. Understanding VCs is one for the books …

Book: Dark Matter

An annoying thing about Twitter Search is that it’s not good enough to help me find who tweeted at me that Dark Matter by Blake Crouch is something I should read. I scrolled through my @mentions until I was annoyed after trying to search but not being able to figure out how to scope the search so I could only search @mentions = bfeld (or maybe my problem is that it should be @mentions == @bfeld).

Whoever it was – thank you! Dark Matter was awesome. It’s the first book I read Saturday as part of my decompress from the week and feel better from trying to eat yogurt maneuver that I ended up playing out throughout the day.

I love near term sci-fi. I especially love right now sci-fi – stuff that happens in current time but incorporates a scientific breakthrough that is currently being explored.

Dark Matter is all about the concept of an infinite number of parallel universes. The scientific breakthrough is the notion of quantum superposition easily explained by the Schrödinger’s cat thought experiment.

The book is a magnificently fast romp that includes kidnapping, research institutions, love, family, death, religion, the nature of the universe, psychological intrigue, really complex relationship dynamics, and a whole bunch of other stuff that makes a novel irresistible to put down. There were a few plot twists that I anticipated or figured out before they came, but generally I rode the wave of the book.

If you are a sci-fi fan or just like a great action adventure novel with nerdy underpinnings, this is for you. And if you are wondering whether we are actually just part of a computer simulation, this book will help you understand that theory better.

Book: String Theory: David Foster Wallace on Tennis

I love tennis. I love David Foster Wallace. And I needed a book on the couch day after a gruelingly long week where I started feeling better and then was flattened this morning by a few spoons of my yogurt and peach breakfast.

String Theory: David Foster Wallace on Tennis was the second book I read today (the first was Dark Matter by Blake Crouch – more on that in another post) and it was delightful.

DFW was a tennis player and a pretty good one, especially as a junior player. If you’ve read Infinite Jest, you know that in addition to playing tennis, he is uniquely remarkable in how he writes about it.

String Theory was a collection of five prior long essays (or whatever the long essay equivalent of a novella is) about tennis. The first is about his childhood tennis experience titled Derivative Sport in Tornado Alley. Next is a delicious, curious, and sad essay titled How Tracy Austin Broke My Heart. The meatiest story is the third one titled Tennis Player Michael Joyce’s Professional Artistry as a Paradigm of Certain Stuff about Choice, Freedom, Limitation, Joy, Grotesquerie, and Human Completeness. I could have read this one twice and still not milked all the juice out of it. I paused after it and got some pretzels to munch on.

Having been to the U.S. Open a half dozen times, I completely identified with Democracy and Commerce at the U.S. Open. And the I remembered reading the last essay – Federer Both Flesh and Not – when it was published in 2006 as Federer as a Religious Experience in The New York Times PLAY Magazine. It used the Federer / Nadal Wimbledon 2006 final as the backdrop for its focus on Federer.

Once again, the footnotes are often better than the essay/story, as DFW lets his hair down (such as it was) and really lets loose on what is going on – unfiltered – between his ears.

I loved this book. If you are a tennis player or fan, do yourself a favor and get String Theory: David Foster Wallace on Tennis (it’s only in hardcopy and worth reading the old school non-digital way.) If you are a DFW fan, you’ve probably already read it (if you haven’t, prioritize!)

Fitbit Pole to Pole Badge

I love getting this in my inbox. Over the past few years I’ve walked from the North Pole to the South Pole. That’s 12,430 miles.

Pole to Pole Badge

If you are counting steps, it’s 23,882,806 as of this morning. And my best step day ever was April 7, 2012, when I ran a 50 mile race and covered 96,442 steps.Lots of Steps

Ok – back to work …

Deleting Crappy Draft Posts

In the cold light of morning, I just deleted three draft blog posts that I wrote last night during a bout of insomnia.

Their titles are telling about what was on my mind at 1am in the morning.

  • SaaS + Transaction Fees
  • Games Are a Hits Business, But B2B SaaS Is A Grind
  • The B2B SaaS MRR Funding Dead Zone

I usually write posts in real time (like this one). I don’t have a lot of drafts stored up nor do I spent a lot of time editing and trying to get the posts just right. Instead, I use my posts to think out loud as I play with ideas, explore my thoughts, or just write what is on my mind. I generally do one edit pass after I’ve written the post and then hit publish.

When I have a thought that occurs to me during the day and don’t have time to write a post, I toss a title into my WordPress Drafts folder and add bullet points on what is in my mind to the body of the post. Each of the three posts above were in my WordPress Draft folder (which had 18 this morning and now has 15) which accumulated over the past two months. The number ebbs and flows as I use a draft about once a week to stimulate a post.

I jammed through all three of these last night – it was probably an hour of writing. I just read through them to see what I had written. I found a bowl of illogical word soup mixed with random crap. While there were plenty of interesting thoughts, the sum total of them was a giant pile of incoherence.

I started rewriting SaaS + Transaction Fees and then got bored. I realized it’d be better to just delete the crap and start over some time in the future when the urge to write about this hit me again.

Over the last twelve years of blogging I’ve deleted many draft posts. When I think about the books I’ve written, it probably takes 150,000 – 200,000 words to get a 50,000 page book. Highlighting something and hitting Cmd-X is second nature.

I often get asked how I write so much. As any writer knows, the answer is to write a lot more than you actually publish. Accepting that part of the process of writing is deleting a lot of what you write is soothing, at least to me.