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I’m bouncing around between a bunch of stuff and have a two board meeting day so I thought I’d just toss up a few interesting things I read this morning along with my thoughts.
Don’t let the regulatory past be the prologue for Uber: Phil Weiser, the Dean of CU Law and head of Silicon Flatirons has an excellent OpEd in the Denver Post about Uber in Colorado and the regulatory activity around it. I’ve been vocal with our state government to not behave in “incumbent protection mode” by over regulating Uber, Lyft, and other innovative new companies. It continues to be painful to watch our state government – which is so enthusiasm about innovation and entrepreneurship – keep stepping on their toes, and occasionally in shit, as they try to balance the incumbent / innovator dynamic. I’m glad Phil said what he said so clearly – it needed to be said.
Venture funding goes ballistic: VCJ: Some people are starting to call the top of the current cycle, at least in the context of flows of LP funds into VC firms. We had our LP Annual Meeting yesterday and I had a vibrant conversation with a few of our LPs about this topic at lunch. My view on the world continues to be simple – have a strategy and a set of deeply held beliefs. Evolve your strategy thoughtful and carefully, but never change your deeply held beliefts.
Understanding the Drivers of Success: Matt Blumberg, CEO of Return Path, reminds us that a rising tide raises all boats. He speaks from his own experience about some of the cycles he’s been through with Return Path over the past 12 years and how that masks potentials issues. Greg Sands from Costanoa, who’s been on the Return Path journey with me, Matt, and Fred Wilson from the beginning, weighed in with an email on the past that finished with a great punchline: “Finally, when the slow down comes, figuring out how to separate market dynamics from team team and know whether you have the mgmt team you need for the next part of the journey is *really* hard.”
How Cheezburger Recovered From Their Hiring Blunder: Ben Huh, CEO of Cheezburger, has an outstanding and very open article about some very hard decisions he had to make a year ago, how and why he made them, and how he and Cheezburger have recovered from some bad choices. I love working with Ben and especially enjoy how honest and internally consistent his brain is with what happened.
Heartbleed: What Is The Correct Response? I was going to write a post yesterday on Heartbleed but didn’t get to it. Fred Wilson wrote a great one this morning including searching for the correct response for him personally. There’s lots in the comment thread – go weigh in if you have thoughts or suggestions.