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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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Being First, The Economy Doesn’t Matter, and The Origin of TechStars

Comments (7)

I’ve got three great posts for you this morning to interrupt the long essays that my marathon addled brain has been pumping out.

First Mover vs Fast Follower – Who wins? Don Dodge reprints a story he wrote three years ago about whether being first wins or being a fast follower wins.  He adds some useful nuances for any entrepreneur (or VC) that is obsessed with the "we have to be first to market to win", "#1 takes most of the market, #2 takes the rest, and #3 to #n don’t matter", and other such cliches.

The Downturn Is a Rounding Error: Since I’m not a macro guy, I didn’t notice we were having an economic downtown.  I guess I noticed that the price of gas was higher, but as Amy is fond of saying, "don’t bother me about it until a gallon of gas costs more than a gallon of milk."  Oops – getting close (I think Amy meant "organic milk.")  Plus, our government is telling us that there is no "core inflation" (where "core inflation" doesn’t include fuel or food.)  Tom Peters helps us understand what he thinks really matters.

You gotta start somewhere: David Cohen posts an email to his business partner David Brown dated 2/08/06 that was the origin of TechStars.  I checked my calendar and the first time I met David was at 4pm on 6/06/06.  I find history to be fascinating.

  • http://www.coloradostartups.com David G. Cohen

    translation: it takes 4 months to get a meeting with Brad.

  • Jared Still

    Brad, what are you doing the afternoon of October 26th? ;)

    • http://www.feld.com Brad Feld

      Recovering from a long run and getting ready to fly to LA for a Monday meeting.

  • tim

    test

  • tim

    test

  • http://www.derekscruggs.com Derek Scruggs

    How many gallons of milk do you buy every week?

    • http://www.feld.com Brad Feld

      None.  I don’t like milk.

  • Jared Still

    I made the time to come back and read each one of these posts. Thanks for sharing. There's a ton of wisdom in each of them.

    Specifically regarding the first-mover vs fast-follower piece, I would add sony/samsung/dell —> Apple in the MP3 marketspace, and I think we're in the midst of the shift from the set-top DVR's (tivo) to a more personal & mobile solution. So, in a couple years add to the list; Tivo —> Apple? Slingbox? Something out HDNet perhaps?

  • http://intensedebate.com/people/dgcohen dgcohen

    translation: it takes 4 months to get a meeting with Brad.

  • http://intensedebate.com/people/bfeld bfeld

    Recovering from a long run and getting ready to fly to LA for a Monday meeting.

  • http://intensedebate.com/people/bfeld bfeld

    None.  I don’t like milk.

  • http://intensedebate.com/people/jared_stil28971 jared_stil28971

    I made the time to come back and read each one of these posts. Thanks for sharing. There's a ton of wisdom in each of them.

    Specifically regarding the first-mover vs fast-follower piece, I would add sony/samsung/dell —> Apple in the MP3 marketspace, and I think we're in the midst of the shift from the set-top DVR's (tivo) to a more personal & mobile solution. So, in a couple years add to the list; Tivo —> Apple? Slingbox? Something out HDNet perhaps?

  • http://intensedebate.com/people/jared_stil28971 jared_stil28971

    Brad, what are you doing the afternoon of October 26th? ;)

  • http://intensedebate.com/people/derek_scrug1878 derek_scrug1878

    How many gallons of milk do you buy every week?

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