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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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Are You Getting Enough Sleep?

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I changed my sleep pattern in October. Three months later, I feel like a completely different person. A much better one.

Since I was in my early 20′s, I’ve been getting up at 5am from Monday to Friday. I generally would go to sleep between 10 and 11. An alarm clock would wake me up. By Thursday or Friday I would often snooze or even reset it for 6am or 7am. But most of the time I pried myself out of bed at 5am.

This became a very rigorous routine in the last decade. I would get at most six hours of sleep each night during the week. Then I’d binge sleep on the weekend – often sleeping 12 to 14 hours. My world record is 15.5 hours – I’ve done that a few times.

When I was younger, I’d sleep through the night. Now I wake up two or three times in the night to pee. I fall back asleep immediately.

Three months ago I stopped waking up with an alarm clock. I use my Fitbit to track my sleep (and make my data public) so I noticed that my sleep pattern during the week naturally settled down at between 8 and 10 hours of sleep a night.

It took me about a month to get my mind around this, but I now go to sleep with Amy and wake up with Amy. So – there’s a triple bonus – I’m getting a lot more sleep AND I crawl into bed with my wife, and then wake up slowly with my wife. Yeah – that’s really awesome.

I had developed this attachment to the idea that I only needed six hours of sleep a night. And, given the actual time to fall asleep and the restlessness in the night, I was only getting 4 to 5.5 hours of sleep a night. I’m able to sleep on airplanes so I had rationalized that 100% of my sleep on them counted and that’s how I was catching up. I realize that’s total bullshit – while my eyes where closed, it was unlikely that I was getting deep or REM sleep on the plane, so my sleep hygiene was lousy. I knew this, but I didn’t want to deal with it.

After three months of sleeping “they way my body wants to” I feel so much better. I’m not tired all the time. I’m in a much better mood. I’m quickly adjusting to a different work style, where rather than getting up at 5am, I’m getting up between 7am and 8am. I shifted my meeting schedule from starting at 9am to starting at 11am, so I still have the four hours of “morning time” that I crave. But I feel so much better.

It took me until age 48 to figure this out. Amy has been telling me for years that I’m not getting enough sleep. She’s also been encouraging me to sleep more so that I live longer with not so subtle hints like “women live longer than men because they get more sleep.” At least she hasn’t been turning all the milk in the house pink.

Are you getting enough sleep?

The Human Inclination to Rewrite History

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“History is written by the victors” – maybe said by Winston Churchill
History is Written By the Winners” - George Orwell
“To the victor belong the spoils” – New York Senator William L. Marcy

Yesterday I wrote a post about my first experience as a venture capitalist. I didn’t try to dramatize anything – I just wrote what I remembered. I got a handful of emails from people involved in some way.

One line that jumped out at me was “Nice to see at least one guy who is not into rewriting history.”

Another that jumped out at me from a different person was “I didn’t know the history with you and Netgen.  Sorry that it was a hard experience.   The ironic thing is I have always considered you one of the three fairy godfathers of Netgen.”

Today Fred Wilson wrote a fantastic post titled “My First Investment“. He bluntly referred to it “a shitshow” in a comment on my post. Joanne Wilson also wrote about her first angel investment (Curbed) which recently had a nice exit.

I love these origin stories – both the successes and the failures. While I didn’t experience Fred and Joanne’s, they both write from the heart so I expect they are their truthful stories. But as I read so many other origin stories, especially those that are presented by third parties as histories or by respected thinkers, politicians, or journalists as justification for their current position, I’m reminded of the quotes at the beginning of this post.

I ran across a great juxtaposition of this today. On Twitter, I saw a link to a NY Times OpEd from David Brooks on marijuana titled Weed: Been There. Done That.I normally don’t pay any attention to what Brooks writes, but I clicked since it showed up in my Twitter stream and read it. It felt like bizarre, sanctimonious bullshit, especially the punchline “In legalizing weed, citizens of Colorado are, indeed, enhancing individual freedom. But they are also nurturing a moral ecology in which it is a bit harder to be the sort of person most of us want to be.”

So I tweeted something about whether Brooks still drinks alcohol in an effort to be amusing. I was then pointed on Twitter to an amazing post by Gary Greenberg, who was one of the people Brooks referred to in his OpEd about the kids he used to get high with. It was titled “I smoked pot with David Brooks.” Now, I don’t know Brooks or Greenberg, nor do I really have any stake in the discussion between them, but I thought it was an amazing example of how as humans we tend to rewrite history to fit our current circumstance.

Now, I don’t really care about the legalization of marijuana. I don’t smoke pot and haven’t since the one time I tried it in college and hated it. But I also don’t care if others smoke it – I have a lot of friends who enjoy it. And since I’m ignoring politics in 2014, I’m not going to pay attention to the legalization discussion.

But I do find the dissonance in origin stories to be fascinating. Maybe Brooks is remembering things differently. Maybe he’s limited by the number of words the NY Times allows him. Maybe he cares more about making a point about society linked to the legalization of marijuana. Or maybe he was drunk when he wrote this OpEd. I don’t know – that doesn’t really matter.

What does matter is that it’s important to always remember how origin stories get rewritten by the winners, by people in power, by people trying to justify their position, or just because it’s human nature. Being TAGFEE is really, really hard.

Do More By Doing Less More Deeply

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I’m glad it’s 2014. Last year was a difficult one for me as I hit a wall of depression that completely surprised me. I was over it by mid year and, while the second half of the year was better, I still struggled with figuring a bunch of stuff out about what I cared about as I turned 48 years old.

I stopped doing a few things last year. I stopped traveling for business. I stopped working on Saturdays.

I discovered great relief, and happiness, from stopping doing these things.

As I start 2014, I’ve decided to continue to stop doing things that are neutral to negative utility to me, in an effort to spend more time on the things I want to do, and do them more deeply.

Some of the things I’m stopping are ones that down deep I know are unsatisfying to me. Interacting with government at any level – federal, state, or local – has been a huge negative emotional drain. I’ve put a lot of energy into two issues over the past seven years – startup visa/immigration reform and patent reform. There has been almost zero change in either of these and the experience has been deeply unsatisfying. I’ve been incredibly distressed and agitated by the NSA / Snowden revelations. The idea of municipalization in Boulder, and my interactions around it, bums me out. I’ve realized that it’s not a game I like at all and that whenever I spend time on it, I’m a less happy person. So I’m not going to engage in 2014 and see how that feels.

For the past 25 years, my week days have started at 5am. I started experimenting with that a few months ago and, even though I’ve had some stretches where I’ve gotten up at 5am, I realized the thing I didn’t like was the oppressive crush of scheduled stuff that started at 9am and didn’t end until 6pm. I’ve lived an adult life of “manager mode” with only a few stretches of true “maker mode” and I desperately need – and want – more maker mode. So I’m stopping doing anything scheduled before 11am. I’ll get up whenever I want and my mornings, until 11am MT, will be unscheduled for me to do whatever I want with them.

I’ve been deeply conflicted with alcohol in 2013. I grew up in a house with no alcohol – neither of my parents drank. I drank plenty in college, but limited myself to just booze – no drugs (my parents scared my brother and I straight at an early age.) Over the years, I’ve gone through dry phases – up to five years – where I didn’t drink. In other time periods, including around the Internet bubble and 2013, I found myself drinking more than I felt was ok as I used it to dull the edges of the stress and anxiety. In addition to the negative physical effects, I spent a lot of mental and emotional energy thinking about “am I drinking too much.” I’ve always struggled with abstaining vs. moderating, so 2014 will be a year of abstaining from alcohol.

Many of you out there provided great support, friendship, and advice in 2013. I treasure all of it, even when it’s hard to hear, something I disagree with, or when I am simply not in a head space to act on it. As 2014 begins, I look forward to another year that is an interesting one on this journey called life. And by doing less of the stuff I don’t want to do, I hope to have more time to go deep on the things I want to do.

Happy new year!

Don’t Fight Depression

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As 2013 comes to an end, I feel some relief that what has been a difficult and confusing year is almost behind me. I mark the year boundary with my birthday (12/1) so December is an “unwind” month for me. Amy and I are at our house in Keystone with a variety of friends swinging through, working some, reading some, exercising, and just hanging out.

The first half of this year was marked with the deepest depression I’ve had since 2001. It came out of the blue and was a total surprise to me. The depression lifted at the end of May and I’ve now had about six months to reflect on it. For a while, I put together a narrative about what happened, dug into the root causes of it, and tried to make sense of how I ended up feeling the way I did. Eventually, I stumbled upon this brilliant explanation of depression from Allie Brosh and as a result stopped trying to analyze it.

During this period I heard from hundreds of successful people who also have struggled with depression. As I synthesized these discussions, I consistently heard that people were generally deeply ashamed of their depression. They hid it. They struggled with what it meant. And they were afraid to talk about it, especially with co-workers and investors. These conversations were liberating to me, and hopefully helpful to a lot of the people I talked to, as it created a context where serious, hard working, and accomplished people could explore depression – and what it meant – in a safe (e.g. with me) environment.

Another thing that came up a number of times in these discussions is the metaphor of depression as the black dog. I heard this for the first time many years ago from my dear friend Jerry Colonna. Yesterday a blog reader sent me a link to a phenomenal short video about The Black Dog. It reminded me of an important thing that I learned this year – “don’t fight depression.”

Startup Couples – When Is It Time To Ask For Help?

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Last summer, Amy and I spent a long, wonderful lunch in Paris with Cliff Shaw and Christy Clark. Cliff is CEO of Mocavo, a company that went through Techstars that we’ve funded, and I deeply enjoy our friendship, even though we don’t see each other that often. I remember our lunch with great pleasure, so when Christy and I had a brief conversation about her reaction to Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur, in encouraged her to write a guest post with her thoughts on the entrepreneurial couple and when it’s time for couples counseling. 

Christy is a licensed professional counselor with a private practice focused on intimate relationships and sexuality based in Boulder, Colorado. Her post absolutely blew me away with its power, clarity, and intimacy. She’s brave to put her and Cliff’s struggles – and their solutions – out there. I hope you get as much out of it as I did.

Navigating an intimate relationship is never simple; doing so with an entrepreneur adds a whole additional layer of unique challenges. I’ve come to think of it as a somewhat advanced maneuver: the triple axel of relationships, if you will.

This is a subject I am particularly passionate about. Not only have I been partnered with an entrepreneur for the past eighteen years, but I am also a psychotherapist with a practice focused on intimate relationships and sexuality. Much has been written on the topic of entrepreneurs and their partnerships, including “Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur.” Brad Feld and Amy Batchelor, a couple I know and respect tremendously, packed their book with great information and ideas about navigating your partnership in the context of a startup. I imagine many couples are able to incorporate the thoughtful ideas and tips on their own with great success.

However, I want to talk about the couples who cannot.

Every couple has different standards and agreements for their relationship including frequency of sex, need for communication and expectations of time spent together. Running a startup will undoubtedly test the boundaries of these agreements. When one or both partners steps outside the shared expectations, problems might occur. From both personal experience, and years of working with people in crisis, I recognize that it can be difficult to assess when it is time to seek outside help. It seems simple enough. You are having problems, things have changed, you get help. The reality is much more complicated. I think our personal story best illustrates this dynamic.

It was 2005. I was finishing my last year of my masters in a counseling program and my partner Cliff was working on his second startup, Pearl Street Software. High school sweethearts, we had been together for nine years and were both deeply committed to one another. I woke at 3:30 in the morning to find the space in the bed next to me empty, as usual. The feelings of helplessness and frustration rose in me immediately and then came the thoughts: “He’s working himself to death, he didn’t sleep, AGAIN!” “He’ll be exhausted all weekend and we won’t spend time together, AGAIN!” “He promised me he would be to bed by 1am.” “He broke his promise, AGAIN!”

I walked down the stairs to find him sitting alone in the dark on the couch. “I’m so scared,” he said. “All I can think is what if everything I’m doing isn’t enough?” The “everything that he was doing” was working seven days a week, sixteen plus hours a day. He had zero self care, existing on caffeine, adrenaline and fast food. Between his work and my graduate school we were becoming virtual strangers. As was our pattern, I moved immediately into the role of soother. “It is enough,” I said. “How could you possibly do more?” Secretly, I was wishing that he would show me even one percent of the attention he gave his work. I was deeply and profoundly lonely. He was beyond unbalanced and rapidly coming unhinged. We were up to our eyeballs in debt. Cliff wasn’t taking a salary. We were living off royalty payments from a previous company, leveraging every cent we had to keep the company afloat and pay the employees.

The fear and panic bubbled up between us, and the fight began. The same fight we had over and over. It was filled with anger, hurt and tears. I yelled, he yelled. He told me I was filled with resentment. I was. He explained, that he was doing this for us. “How can you not see that?” he raged. I told him he was neglectful. He was. We sat in our living room in the early hours of the morning and tore the seams of our relationship apart with words. The threads keeping us together became thinner and thinner.

It hadn’t always been this way. But now, most anything could trigger a fight like this: a perceived slight by one of us, his failure to help me around the house, any unmet expectation. I used words as weapons, sarcasm and eye rolling. He became defensive and iced over. We had almost no quality time together. He had no boundaries around his work. Any agreement we made to do things differently lasted less than two days. I was emotionally wrung out from being his cheerleader, advisor and sole emotional support. I was also filled with contempt, which I often directed at him. Our combined anxiety was so great it felt as if it could swallow us whole. We were in trouble.

Several weeks later, after another particularly bad fight, Cliff came to me with an ultimatum: we go to therapy or we end the relationship. We had kicked around the idea of therapy a few times that year, but we always seemed to come to a resolution after a serious fight, even if it only lasted for a few days. One or the other of us would often reject the idea of getting help. We both used it as a threat, a last resort. It was the gold standard for personal failure. “Do we really need therapy?” I lamented. The irony of this statement is not lost on me. “We can do this ourselves,” I told him, not only because I was wrapped up in my identity as a budding therapist, but because I really thought we could. I’ve come to learn since that no woman is a prophet in her own land, regardless of degree or title. He just stared at me blankly. “Alright,” I finally said, “I’ve heard about someone good through friends at school. I’ll call him on Monday.”

While we continued to see our therapist off and on for years, what ensued after just a few sessions can only be described as miraculous. It was clear that we needed a third party. We needed his objectivity and his challenges. We were able to hear what the other was saying for the first time when someone else didn’t allow us to interrupt. We managed to stick to our agreements when we knew we would be held accountable the next week. It became easier to table recurring and unresolved arguments until we could be in the presence of a supportive mediator. It was hard work. It was painful. It saved us.

I think our story illustrates the primary reasons why couples in a startup relationship might wait too long to seek support. It helps to start by looking at the common personality traits of a startup CEO. These are people who come up with and pursue ideas that sometimes change the world. Passionate self-starters, they inspire and motivate others. As modern day pioneers, most have a mentality of rugged independence. They are trailblazers who can be single minded in their pursuit of success. The entrepreneur’s sense of self-worth can be completely tied to the success or failure of their company. The thought of failure can feel like dying or drowning.

The above traits, while amazing, don’t always lend themselves well to asking for help. Even if you have positive feelings about therapy, the simple acknowledgment that you need support, or your relationship is in trouble, might feel like an admission of personal failure. In the mind of an entrepreneur who spends every waking moment ensuring their company lives to see another day, it can feel like there isn’t room for failure in any corner of life. People in this position often push the limits of their relationship to avoid such feelings. In our case, while Cliff was ultimately responsible for getting me to make the call to a therapist, it took him a long time to acknowledge that his lack of boundaries and balance were not only failing our relationship, but he was failing himself as well.

For other people entrenched in the startup world, it can seem like taking any time from work at all, let alone time to sink into an emotional space with a partner, could derail them from their goals completely. Every day, entrepreneurs suit up in their own personal armor and head to the office to the fight the battle. What happens if they remove the armor and focus on their emotions? The soft underbelly becomes exposed. It’s vulnerable. It’s common for entrepreneurs to feel that there is no time for personal vulnerability when other people’s money and livelihoods are at stake.

Finally, for most people, whether or not they seek outside help is directly tied to their knowledge of and ability to notice the signs that their relationship is in trouble. Relationships rarely go bad overnight. It is generally a slow progression of little deaths perpetrated by both partners. Add to this that when we are in regular conflict with our partner we move into a “fight, flight or freeze” mindset. This is a primal and deeply physiological place that does not lend itself well to objectivity for either partner. We ignore or simply don’t notice the red flags. When the adrenaline is pumping one or both of you might feel as if you can save the sinking ship if you just try harder. This fight, flight or freeze mindset is often mirrored in the entrepreneur’s work environment, compounding the problem.

One of the factors which impacts the efficacy rates of couples therapy is the amount of time a couple waits to get support. Even the most skilled therapist can’t always help salvage a relationship where the resentment, anger or neglect has been building for years. By that point, one or both members of the couple has often emotionally or physically exited the partnership.

Here are some signs that you might need outside help. If you and your partner are struggling, find a moment to review this list.

  • Recurring or unresolved conflicts that tend to revolve around the same topics
  • A marked decrease in your sexual relationship
  • Frequent feelings of resentment
  • A sense of loneliness or distance from your partner
  • Staying stuck in entrenched patterns of interactions (ex. you always pursue, your partner always flees)
  • A general sense that your relationship has changed and not in a positive way
  • Unfair fighting: treating your partner with contempt or using insults, shutting down or icing over, globalizing (you always, you never), bringing past fights up during current arguments, interrupting, defensiveness
  • Avoiding your partner
  • Considering an emotional or physical affair

If you recognize these red flags in your own relationship you might benefit from some outside support.

These days Cliff and I navigate challenges on our own 95% of the time. However, when we can’t, we acknowledge it quickly and we make an appointment with our therapist. He has seen us through the sale of Cliff’s second startup, our wedding, the birth of our child and the birth of Cliff’s current company Mocavo, all major life transitions. Just like running a startup, being in relationship with another human being can be one of the most rewarding and challenging life experiences. When difficulties arise, find and access the support that is right for you and your partner. It can make all the difference.

*In a relationship where there is emotional or physical abuse, couples therapy is not always indicated, due to power dynamics. If you suspect you are in an abusive relationship seek help immediately

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