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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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Join Me at the Halloween Benefit for Flood Relief @ Mocavo

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The Entrepreneur’s Foundation of Colorado, the Living Green Network, and Mocavo are hosting a roofdeck bash on Halloween to benefit first-responder families and local farms devastated by the recent Boulder-area flood. Let’s rally the entrepreneurial community together and raise some money for those in need. I’ll be there to support the cause and would love for you to join me.

Cliff and the Mocavo gang are opening a one-night-only bar in downtown Boulder in the name of charity. Anyone who’s been to Boulder on Halloween knows it tends to be a pretty wild night, especially when it’s on a Thursday. Between the gong for donation milestones and the flatscreen broadcasting the money raised, it should make for a fun event. Donations made by employees of local companies will also optionally join a company leaderboard for some healthy competition.

Existing sponsor list includes KKO, Silicon Valley Bank, and Goldman Sachs. More sponsors are welcome – a restaurant sponsor would be great.

Register for the free event at EventBrite (link to https://halloweenfloodrelief.eventbrite.com/) or Facebook (link to https://www.facebook.com/events/236678289820621/). Contact floodrelief@mocavo.com for sponsorship opportunities.

The Power Of Mother Nature

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I was going to blog about the Yesware $13.5 million financing but I’ve been buried in Denver Startup Week so I’ll do that tomorrow.

I’ve continued to be emotionally distracted by all the devastation around Boulder from our recent floods. I’ve gotten a ton of emails from all over the world in support as well as some meaningful financial contributions adding on to the $100,000 my partners and I just gave to the Entrepreneurs Foundation of Colorado to provide direct support for the flood victims.

Eldorado Canyon New Crevasse

Amy’s assistant Naomi hiked up to our house in Eldorado Canyon today to finally check on our house there. The house is fine, but there is damage to a bunch of our property. At some intellectual level it’s incredible to see the power of water. At some other level it’s emotionally distressing. The picture above is our meadow. And yes – the crevasse is “new” – so we have a new creek in our meadow.

Then – there’s the lower part of our driveway – well, at least what used to be a driveway.

Eldorado Canyon Destroyed Driveway

And then there’s the road through Eldorado State Park, which no longer works as a road.

Eldorado Canyon State Park Road

 

We are all ok and have plenty of resources to deal with this. So we’ve turned most of our energy to helping our friends, neighbors, and extended Boulder County community deal with the destruction the floods have caused. But it’s really amazing to see the power of mother nature unleashed.

Contributing To The Boulder Community In A Time Of Need

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Today, my partners at Foundry Group and I are contributing $100,000 to the Entrepreneurs Foundation of Colorado (EFCO) to help with the Boulder Flood Relief Effort. This is our second gift to the EFCO – we previously contributed a portion of our carry across all of our funds.

The floods in Boulder and the surrounding area the past week have been devastating. I went for a run last night around town just to get a feel for things – the water is still at dangerously high and fast levels in Boulder Creek and the damage near the creek in downtown is visible. I smelled smells that I’ve never smelled in Boulder before and saw water in places it simply didn’t belong.

But downtown Boulder is quickly getting back to normal. That’s not the problem. If you’ve ever been to Boulder, you know we are surrounded by incredible mountains. It’s part of the magic of the place, but also part of the challenge. A friend told me recently, “think of the mountains as giant slanted roofs and Boulder as the basement of the house.”

There are two natural forces here that can be massively destructive. The first, which have made the news the past few years, are wildfires. Amy and I have endured these for the past 17 years – we’ve been evacuated from our house twice, once for three days during my brother’s wedding. The massive Lefthand Canyon Fire destroyed a huge neighborhood. Awful, terrifying stuff.

But that just set us up for what looks like the real disaster. The entire mountain area around Boulder is wrecked. Roads are destroyed. Towns in the “basement” – including Lyons – are literally wiped off the map. Major parts of Longmont are now submerged. The water ran downhill, destroying everything in its path as gravity did it’s magic, and then just sat at the bottom wherever it ended up.

My partners and I are lucky. None of our lost our houses. We all have roofs over our heads. And we have plenty of resources.

But many of our friends and neighbors were not so lucky. The stories are endless – the friend who lost her house and has no place to live. Another friend who made a mad dash off the mountain with his family and has no idea what the status of his home is. The entrepreneur who worked out of his basement, which is now a swimming pool. The business owner who’s office is now cut in half – and destroyed – by a mudslide. The tech leader who recently had a major back injury, just got out of the hospital, and had to evacuate his house. The people stuck up in the mountains who can’t get out. And the people stuck down in the foothills that also can’t get out.

The magnitude of this hit me yesterday afternoon when I heard estimates of $100m – $150m to fix the “infrastructure damage.” I have no idea what that really means, but for a region of a couple of hundred thousand people, knowing the range is low, and it’s only “infrastructure”, this is going to be a long, hard mess to dig out of.

I’ve always felt a strong responsibility to the community I call home. Boulder has been and continues to be very good to me. And it’s my responsibility, especially in times like this, to be good back. This is not the only financial support we’ll be giving to the Boulder Flood Relief Effort. In addition, we’ll give plenty of functional support. But it’s a step – and one we hope can have direct impact.

My partners and I encourage every entrepreneur in the area who has had a meaningful financial success to consider giving something through EFCO to the Boulder Flood Relief Effort. If you are an entrepreneur who hasn’t yet had a financial success, consider joining EFCO and contributing 1% of the equity in your company today, to help build the endowment for the future. And, if you are a venture capitalist or an angel investor in – or with investments in – the Boulder area, please consider joining EFCO and contributing directly to the relief effort today. Just email me and I’ll get you connected.

Finally, if you are a reader and part of the Feld Thoughts community and you want to help out, please contribute directly to the Foothills Flood Relief Fund. We greatly appreciate any support you can give.

Wet But Ok In Boulder

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Amy and I took one of our Qx vacations last week – where we go off the grid entirely for the week (no phone, no email, no computer stuff). We were originally going on a walking trip to Prague with some friends, but decided we needed 12 hours of sleep a night for a week so we gave our trip to some other friends and headed to Vail to hide out for a week in a fancy hotel with room service and a spa.

All went according to plan until Thursday. I woke up at about 10:30 and wandered into the living room of our hotel with the goal of going downstairs and getting some coffee. The TV was on – which is weird since we don’t watch day time TV – and Amy seemed really agitated.

“Boulder is flooding,” she said.

“Huh? That’s weird,” I replied.

“They are having massive flash floods.”

Flood in Eldorado Springs and Boulder

Photo Credit: Jenna Rice

We spent the next hour glued to the TV, the web, and Twitter trying to figure out what was going on. It only took an hour – it was clear this was going to be awful given the weather system. Even though we were 120 miles away, we were incredibly anxious. And the constant stream of news – and water – didn’t help. As we started seeing areas we knew well, like the Boulder Creek, Canyon Road, 36 on the way to Lyons, and Lyons being flooded and destroyed, the severity of it all sank in.

I generally stayed offline until Sunday. We monitored everything through Saturday, checking in with our friends and offering help to a few folks we knew were stranded. We felt helpless to really do anything and it made no sense to go back early since many of the roads into Boulder were impassable so we just hung out, tried to keep relaxing, and sort of stayed in touch and offered help where we could.

I got back online yesterday. By that point things were settling down. I don’t necessarily mean getting better; rather the extent of the damage was becoming clear. And the rain was still coming down.

450 Driveway Destroyed

 

This is a photo of what used to be the driveway to our house in Eldorado Canyon. And the picture above it is the road to our house – or what used to be the road – through Eldorado Canyon state park. We have no idea what condition the house is in – we’ll find out more today when we try to get up there using our hovercraft.

Thanks to everyone for all their well wishes. We are fine – many are worse off – so we are going to turn our attention to them and see if we can be helpful now that we are back in town.

And yes – it’s still raining, although the weather people say it’s finally going to stop today.

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