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Hi, I’m Brad Feld, a managing director at the Foundry Group who lives in Boulder, Colorado. I invest in software and Internet companies around the US, run marathons and read a lot.

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Surviving the Startup Life: The Toll of Merging Identity and Work

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My close friend Jerry Colonna is giving an extraordinary seminar in Boulder on 4/19 with Parker Palmer called Surviving the Startup Life: The Toll of Merging Identity and Work. Jerry is the best CEO coach I know, a dear friend, and one of the best investors I ever have gotten to work with (we did a lot together in the 1990s when Jerry was partners with Fred Wilson at Flatiron Partners.)

Context on the event comes from Jerry’s blog post titled The Hand of A Friend:

“A distraught client emailed me the day after Jody [Sherman] died. So many people were hurt by the news–whether or not they knew him. I tweeted, emailed, reached out to friends. I wrote to Parker [Palmer].

My request was simple: Help me help them. We decided the best way to respond was to embody what we believe: that speaking about the existential difficulties, being authentic even in our collective guilt, pain, and fear, is–as Parker coined it in Let Your Life Speak–Leading from Within.  We would have a conversation about the ways in which this merger of self and work exacerbates the pain as well as Parker’s notion of the Tragic Gap. We’d invite others to join us.

The conversation is sponsored by Cojourneo and the Center for Courage and Renewal and will be in person on April 19 at 2 p.m. at Naropa University in Boulder.

It’s free. Register here.

Digital Sabbath

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I’m not religious but I’ve always liked the idea of the Sabbath. One day a week of rest and reflection. I spent the weekend with Amy in San Diego and in addition to a Digital Sabbath (no electronic devices from Friday sundown to Saturday sundown) I took off all day Sunday off from electronic devices, only opening up my laptop on Sunday night to start editing the latest draft of Matt Blumberg’s book Startup CEO.

It’s been 145 days since I first acknowledged my lastest struggle with depression in my post Depression and EntrepreneursThis has been my longest depressive episode since my mid-20′s when I had an extremely difficult two year depression. I’ve thought several times that it had ended, most recently mid-February, only to have it be back in it within a week or so.

As I’ve mentioned before, I’m a functional depressive, so I’m able to get through the day, but it takes an enormous amount of energy. And I know that simply makes the cycle longer – rather than restore myself, I’m draining myself, which just makes it harder to get out of the depression cycle. Resting and sleeping is key for me, but so far this year my schedule has been packed, so it’s been hard to get ahead of what has become a negative spiral.

Digital Sabbath is a new thing I’m going to try to help break the cycle of what has been going on. The value that comes from having a day of rest each week is universal regardless of one’s religious beliefs. So I thought I’d try it, starting this weekend.

It was really difficult. I slept late Saturday, although it was a turbulent sleep. I then played tennis for an hour and went for a 70 minute run. My brain continued to churn during my run – whenever I realized I was obsessing over something I just sped up a little and listened to my breathing. Amy and I had lunch and then I realized the afternoon was stretching out endlessly in front of me. For some people this is wonderful; when I am depressed this is awful. So I asked Amy what she thought of me just doing a quick check of my email.

“I think that’s an awful idea,” said Amy. We then had a 15 minute conversation about what was going on in my brain. By this point the cruft of all the stuff that was bothering me was floating to the surface and I was having to either think about it or let it go. Amy encouraged me to acknowledge it, and then let it go. Then she suggested I just listen to my breath – a classic meditation technique. So I did. Eventually I got in bed and took a nap for several hours.

We had dinner with Howard and Ellen Lindzon on Saturday night. We had a great time – I love Howard and Ellen – and they are good for me. They let me be me, we talked quietly about a bunch of different things, and enjoyed a calm meal at the nice restaurant at the place we are staying.

On Sunday, I again slept in. I didn’t know whether I’d do another day off the grid, but I knew I’d start my day off with a run. My sleep was less turbulent except for the few hours where I tossed and turned. Amy and I had breakfast together, although I wasn’t hungry so I only had a few bites of pancake, and then went for an 80 minute run. The drill was the same – whenever my brain started obsessing on stuff I sped up and listened to my breath.

I decided to maintain my Digital Sabbath for another day. I didn’t turn on my computer until after dinner and then it was only to start working on Matt’s book. Throughout the day, I noticed that my brain continued to spiral around the same things, over and over again. Whenever it got out of control, I just sat, focused on my breath, and let it go. But it made for a very long day.

I woke up this morning feeling about the same as I did on Friday. I’m a little more rested feeling and have a pleasant soreness in my legs from my running, but my overall mood is unchanged. I know I’ve got a full week of stuff to do and my next task will be to tackle the 300 emails that have shown up since Friday night. But first, breakfast.

Relating To People With Depression

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Depression is DarkIf you’ve never been really depressed, it’s hard to understand what depression feels like. This is especially true if the person who is struggling with depression is someone who looks like they are on top of the world, that everything is going well, and that nothing could possibly be wrong. Many people who go through depressive periods are highly functional – I’m a good example of this. If you didn’t know me well, you wouldn’t notice. And, if you know me well, you probably think of me as tired, lower energy than normal, or that something seems slightly off. Finally, if you know me really well, you know I’m struggling to get through each day when I’m depressed.

I’m definitely in an “I’m doing better but why am I hauling my butt all over the place, and why again am I doing all of this stuff” mode. I was pondering this (after canceling some travel that I don’t need to do) when I got a powerful note from a blog reader. In it, he talks about how after reading a recent post of mine, he started to understand how to relate better to his brother who is struggling with a deep depression. The email made me smile, and reminded – if only briefly – why I am doing all of this stuff. The email follows.

For the last six months or so, my youngest brother—a very handsome, tall, intelligent, fit, seemingly-perfect person—has been battling depression. As the oldest brother, and as someone who has battled all his life to help my foreign, single mother get by, it’s but incredibly hard to understand and relate to him. In fact, regretfully, I used to criticize him for the way he felt. It wasn’t until last week, when I saw him beg to be admitted into a hospital because he felt unsafe, that I realized how serious this was. I just couldn’t understand, how can someone who appears to be so perfect in many ways, so blessed (especially compared to what we went through as children), be so unhappy and miserable inside?

Sadly, it still took reading 6 words on a blog post from someone whom I look up to most (“came out of depression on Feb. 14”) to finally understand that what’s on the outside is very different than what’s on the inside. He/You can both seem so perfect, but loving someone means knowing their deepest thoughts and feelings, understanding why they feel that way, then being there for them no matter what. I regret letting him get to the point where he didn’t feel safe. I’ve strived all my life to set an example, to be there for my family, but I was stuck in my own arrogance. I let the “knife” cut through everything and get the best of me. But it won’t happen again.

I’m so proud of my brother in every way: we never had a role model to guide us through life, to tell us how important reading and learning is, yet he’s managed a 3.9 GPA at a good school. He loves reading more than anyone I know (maybe even you, Brad..) and wants to be a doctor and writer one day. He just turned 21, but has the mind and soul of someone who’s 40…it’s crazy. Maybe that’s why he has a hard time coping..? Who knows – all I know is I’m going to be by his side always and support him in every way possible. My arrogance, confidence and toughness can go towards working my butt off and making this company successful.

If you read this far (which knowing you, you probably did…I thank you). I thank you for being you, for sharing your life’s journey with people like me. I promise to continue to pass on wisdom and give to others as you have.

Are Entrepreneurs More Prone To Depression And Divorce?

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Amy and I talk a lot about big issues, such as depression and divorce, in Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur. I’ve been speaking from experience on each of these topics, as I’ve struggled with anxiety and depression my entire adult life (the official DSM-IV code I have for my diagnosis from 1991 is 300.3 – Obsessive-Compulsive Disorder) and, in 1990, I was divorced from my first wife.

I’ve always been open about these two issues (and experiences) since they’ve had a profound impact on me. I’ve learned how to manage my OCD and, even when I’m depressed, I’m very functional (if you didn’t know I was having a depressive episode, you’d think I was just flat or having an off day.) And many of the things that Amy and I do right in our relationship are lessons that we learned when reflecting on why my first marriage, and marriages of friends of ours – many of which are entrepreneurial couples – have failed.

As I’ve been doing interviews and talking about Startup Life, I’ve been asked several times whether or not entrepreneurs are more prone to depression and divorce. While I have zero empirical data, I believe from my qualitative experience that they are no less prone to this than the rest of the population. But I don’t really have empirical data to support this assertion either.

So – I’m looking for real data. Do any of you out there know of real quantitative studies – preferably academic / social science oriented, that investigate the question of whether or not entrepreneurs are more prone to depression? Or, a separate study that investigates the question of whether or not entrepreneurs are more prone to divorce?

If you know of one, email me or leave it in the comments.

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The Importance Of A Monthly Cadence With Close Friends

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I’ve been thinking a lot about  Aaron Swartz the past few days. I didn’t know him, but knew of him and have a lot of friends who knew him. I’m still processing it, especially the dynamics around his suicide, and expect I’ll have plenty to say in the coming weeks about depression and entrepreneurship. In the mean time, I thought the USA Today article, Activist Aaron Swartz’s suicide sparks talk about depressionby Laurie Segal, is particularly good. I’m quoted as saying:

Investor Brad Feld, who has battled an anxiety disorder all his life, says one the hardest things for those fighting the disease is opening up about it. “Many entrepreneurs don’t feel like they can talk openly about their depression, as they don’t want their investors, employees, or customers to know they are struggling with it,” he says. “For anyone who has been depressed, not being able to be open about it with the people around you makes depression even harder to deal with.”

I’ve been lucky in that I’ve had a few people incredibly close to me that I could talk openly about my depression with. The two closest are my wife Amy Batchelor and my brother Daniel Feld. In Amy’s case, she’s my early warning system for my depression. She knows me better than anyone on this planet and is able, in a way that doesn’t set me off, make observations about what she is seeing in my behavior whenever it shifts toward a depressive episode. She goes into a mode that I call “observer” – she’s not critical, doesn’t tell me to “snap out of it”, but also doesn’t get overly concerned. She watches, gives me feedback, and observes. Usually this is all I need since I’ve learned that with my own struggles, merely knowing that I am struggling is often enough to start a shift back to normalcy.

As part of this, I’ve set up a monthly cadence with Amy and Daniel. In the case of Amy, we have “Life Dinner” on the first night of every month. We talk about this in our new book, Startup Life: Surviving and Thriving in a Relationship with an Entrepreneurbut I missed that nuance that in addition to a monthly reflection both backward and forward, it also serves as a touch point on “how I’m feeling.”

Daniel and I do something different. We love the relationship our dad (Stan Feld) has with his brother Charlie Feld. A number of years ago we committed to each other that we’d never get hung up on bullshit between us and if anything came up, we’d clear the air each month. So – we have an “almost monthly” dinner (probably six to nine times a year). I can’t remember the last time we actually had any emotional dissonance of any sort. It’s a casual couple of hours for us to check in on each other.

This morning I was emailing with Fred Wilson about some stuff. He asked me how it was to have Jerry Colonna living part time in Boulder. Jerry is now chairman of Naropa University and is one of my closest friends. He and Fred used to be partners at Flatiron Partners and are still very close. My response was “It’s awesome to have Jerry here. I love every minute I get with him.” Fred responded “i do a monthly lunch with him and its awesome.” There’s that monthly cadence thing again.

Yesterday, I had my monthly meeting with my partners at Foundry Group. We have a quarterly offsite where we spend a day and half together and have recently instituted a monthly day long meeting ending with dinner to go deep on our portfolio now that it’s about 60 companies. We spend the day on the portfolio and the evening on ourselves. It’s yet another version of the monthly cadence that let’s the four of us check in with each other.

I’ve always found rhythms like this to be extremely helpful to me, especially around my depression. Amy, Daniel, and my partners are safe people to talk to about it. They don’t judge me, or coddle me, but they listen and, if nothing else, give me empathy. And, in many cases, they check in regularly to make sure I’m in an ok place, until the phase passes.

Being an entrepreneur, or anyone pressing the boundaries of society, can be incredibly lonely. Make sure you are surrounding yourself with people who can help. And don’t be afraid of being open about being depressed, or anxious, down, or sad. There is no crime or shame in that.

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