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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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Poke People In The Eye With Truth And Then Give Them A Hug

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Indulge me while I think out loud. I’m trying to decide if I like the phrase “poke people in the eye with the truth” or not. Help me by reacting to the following rant – good, bad, bullshit – and feel free to poke me in the eye with truth if you’ve got some, just give me a hug at the end.

Last week, at the Startup America Regional meeting, I got into a conversation about the role of state and local government in the development of startup communities. I went on my typical rant about how entrepreneurs have to be the leaders and government is a feeder to the startup community. I talked about a few things government can do that have a positive impact and a number of things government does that hurts startup communities. More specifically, I talked about specific types of people in government and their roles, including the people with an “economic development director” title (or something like that – who I’ve come to learn are called “ecodevos” which makes me think of Devo and the B-52s and then my brain goes somewhere completely else other than startup communities and government.)

One of the people I was talking to said “that’s all well and good, but I’m not comfortable telling my fill-in-the-blank-with-a-government-title person this stuff. I’m concerned they won’t respond positively to this. I strongly agree with you on what your saying, however. How should I approach this.”

I responded that “sometimes you just have to poke people in the eye with truth.” Be blunt. Be direct. Be firm. Don’t be an asshole – just say it like you see it. And if they think that makes you an asshole, that’s their loss. And when you are done, give them a hug so they know you care and are trying to be constructive.

I carried that line around with me for a week. I observed myself (which is deliciously meta) poking people in the eye with truth and then giving them a hug. My animal spirit, according to Amy when she’s in an earthy crunchy woowoo moment, is a giant polar bear. I like to think of this as the warm, cuddly, lovable version of a bear – the one that won’t crush you when it hugs you. Somehow these two thoughts merged together in my head and continue to circle around.

I’m at Venture Capital in the Rockies today. This is our annual Colorado VC / entrepreneur thingy. Last night I had dinner with a bunch of entrepreneurs who didn’t have dinner plans. It was last minute and a lot of fun. At the end of the dinner we got into a great conversation about the state of the local VC community and I was characteristically blunt about what I thought had happened, was going on now, and would go on in the future. While I have no idea if I’m right about the future, I made the strong assertion that it doesn’t actually really matter that much given the incredible underlying startup community and incredible entrepreneurial talent in the region.

While on the surface there’s plenty of political correctness about this conversation, and lots of “we need more VC money”, which I’m sure will be echoing in the hallways at VCIR today, I realized that I was once again simply asserting my belief that this didn’t really matter. At dinner, I wasn’t poking any VCs in the eye with the truth since there weren’t any there, but if they had been, I’m sure that’s how they would have felt I was behaving. It probably wouldn’t have been comfortable, but if they’d been willing to respond and challenge my assertions, it would have been a robust conversation.

I’ve got plenty of other examples of this from the last week, but you get the gist of this. Is “poke people in the eye with truth” a good phrase, or just nonsense?

 

This Is The Smell Of Inevitability

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In the “you’ve got to be fucking kidding me” category, “a Missouri federal judge ruled the FBI did not need a warrant to secretly attach a GPS monitoring device to a suspect’s car to track his public movements for two months.”

I had to read that sentence twice. I simply didn’t believe it. Fortunately this one will go to the Supreme Court. The punch line from Justice Breyer is right on the money: “If you win this case, there is nothing to prevent the police or government from monitoring 24 hours a day every citizen of the United States.”

GPS tracking. Hey – did you know that you can already track me through my cell phone without my permission? How about a little tag sewn into all clothing that uniquely identifies me. Or maybe something injected under my skin. Giving the government the right to do it without probable cause or any process, or suggesting that someone doesn’t have a reasonable expectation of privacy,  just feels evil to me.

The depth of the ethics of these issues are going to be significant over the next decade. It will be trivial for any of us to be tracked all the time without our knowledge. Don’t want a device – how about image recognition view the web of surveillance cameras everywhere.

I don’t have any answer for this, but I have a lot of questions and ideas. And I’m glad that I live in the US where presumably my civil liberties, privacy, and freedom of speech are sacred. I know there are plenty of people in the US that don’t agree with this, or believe that the government should have more control around this to “keep out or find the bad guys.”

Philosophically this is a hard and complex discussion and has been since the creation of the United States of America. The difference, right now, is that technology is about to take another step function leap that no one is ready for, or is thinking about, or even understands, that will create an entirely new set of dynamics in our society. Our government, especially leaders in Congress, the White House, and the Judicial System need to get much smarter – fast – about how this works. SOPA / PIPA is an example of terrible legislation that runs the risk of massively impacting innovation and individual freedom of speech. But it’s just a start – there is a lot more coming.

Denying that there is going to be a dramatic shift in how humans and computers interact is insane. Trying to hold on to incumbent business models and stifle innovation through legislation is dumb. Trying to create complex laws to contain and manage the evolution of technology, especially when it transfers power from innovators to non-innovators, or from the rights of private citizens to the government, is a mistake and will fail long term. Trying to repress free speech of any sort is wrong and won’t be sustainable.

I live in a world where you can’t anticipate or control change. It’s coming – and fast. Let’s embrace it and use it for good, not resist is and try to surpress it in the name of “protecting ourself from bad actors.” I pledge to do my best to always be thoughtful about it and be a force for good in the world. But please, don’t deny the inevitable – embrace it, and build off of it. It’s what makes America amazing and extremely durable long term.

Book: Everything Is Obvious*

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Tonight’s book was Everything Is Obvious* which was cleverly subtitled *Once You Know The Answer with a special bonus subtitle How Common Sense Fails Us by Duncan Watts. And yes – for those of you keeping track at home, I didn’t read a book last night; I was working on mine instead.

I enjoyed this book. As I was reading it, I kept coming up with alternate titles like Everything is Bullshit, The Macro is Irrelevant, Humans Don’t Reason Well, Common Sense Fucks Us Up, Predictions are Useless, and Attributing Things To Abstract Collections of Stuff Like Crowds, Markets, Companies, etc. is Stupid.

Watts is a professor of sociology at Columbia University and a principal research scientist at Yahoo! Research. For those of you who think social science is garbage, he’s also a real scientist with a PhD in theoretical and applied mechanics. Basically, he’s a smart, well educated dude who has strong reasoning skills and is an excellent writer.

This book reinforced several deeply held beliefs that I have:

  • The macro doesn’t matter in the long run.
  • Predictions are irrelevant.
  • Most people don’t understand what they are doing or why they are doing it.
  • Anything can be explained in hindsight, and the explanation is often wrong.
  • The media introduces massive bias into most phenomenon so ignore the media if you really want to understand something.
  • Trying things, measuring everything, and iterating aggressively is the best way to figure out what works.

There are probably others. Watts beautifully takes apart a bunch of stories that are viewed as either “common sense”, “conventional wisdom”, or “counter-intuitive truths.” It’s a beautiful thing to read him dissect the popularity of the Mona Lisa and Shakespeare in the same book that he explains why some of the nonsensical assertions of Malcolm Gladwell that are repeated as gospel (including the hilariously stupid Paul Revere / William Dawes analysis), followed by an explanation of the faulty reasoning around the spread of SARS.

The second half of the book is where the good stuff is. Part 1 is “Common Sense” and sets the stage by explaining how as humans we regularly misinterpret what’s going on for a variety of reasons, including our belief about what common sense is and how it works. Part 2 is “Uncommon Sense” and for those of you searching for tools on how to deal with the world more effectively, there is plenty of chocolately goodness here.

I have no idea how much of Watts analysis is actually correct, but his assertions about what blinds us, causes us to make crummy decisions, and results in us believing things we can’t possibly understand sang to me.

Book: I Was Blind But Now I See

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James Altucher is brilliant. Everyone on the planet should buy a copy of his new book I Was Blind But Now I See right now. You’ll likely hate some of it. Other parts will annoy you. Still others will seem simplistic, counterproductive, or just plain odd. But every page will make you think.

I met James for the first time at Defrag this year. Eric Norlin invited him. A few of my friends told me I had to see his talk. It was awesome. Now – a bunch of the Defrag talks were superb but James was early in the first day and he set the tone. I can’t remember whether he was before or after Tim Bray but they were back to back and all I remember after they were both done was exhaling a deep breath and saying to myself “fuck – that was great!”

James’ book was in my Defrag swag bag (legendary – one of the best anywhere) and I finally emptied it out the other day. I’m reading a book a day over the next two weeks and this was my book today.

It was perfect timing. On my 90 minute run today alone (no humans at all) in the mountains behind my house in Keystone, I kept thinking about SOPA. I’ve been incredibly agitated the last few days by SOPA after watching three hours of the House Judicial Committee hearing on Friday. SOPA is such an evil thing at so many levels and the people in the House that want it to happen appear to refuse to listen to facts or logic, and – when they talk about what they are confronted with – claim the facts and logic aren’t actually factual or logical. The noise in my brain about this kept drifting away as I thought to myself “how strange that there is snow only on the left side of the trail” or “I wonder if there will be any good movies next weekend since all the ones this weekend are shit” or “how awesome is it that there are no other humans out here” but then would be interrupted by angry thoughts about the chairman of the house judiciary committee who is the sponsor of this bill, the people on the house judiciary committee that are clearly “the henchman”, the absurd process that is unfolding – and then I’d start thinking about my breathing again and the fact that my heart rate was above 160 and that felt good.

James takes us through his chaotic mind, his successes and failures, his struggles and depressions, as he gets to the point where he very clearly tells us that only one thing really matters – one’s own happiness. He proceeds to describe a series of completely fucked up things that get in the way of it. He prescribes a very simple way to be happy, which includes a number of things I do and often suggest such as don’t watch TV, don’t read newspapers, exercise daily, get plenty of sleep, stretch your mind every day, ignore all the crappy people in the world, don’t worry about things you can’t impact, recognize that many parts of the macro (government, banks, education) are irrelevant to your well being, and don’t roll around in the mud with a pig.

But most of all he reminds us to just be honest all the time about everything. In my experience, this is the most liberating thing of all on the quest for happiness. Anyone who spends time with me knows I try to always do this regardless of the implications.

Be honest. Be happy. We all die eventually.

Jonathan Livingston Seagull

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I read Jonathan Livingston Seagull for the first time in 1975 when I was about 10 years old. I’ve read it several times over the last 35 years, but probably hadn’t read it in over a decade. My first business partner, Dave Jilk (now the Standing Cloud founder / CEO), gave it to me as a birthday gift last week.

I just read it again and it was as powerful, inspiring, and enlightening as I remembered it. I’m often asked what books I’d recommend to an entrepreneur (especially an aspiring entrepreneur). There are two: Jonathan Livingston Seagull and Zen and the Art of Motorcycle Maintenance.

Whenever we are in the upswing of an entrepreneurial cycle, like we are right now, I start seeing all kinds of weird stuff appear. Random people, who get notoriety for themselves, blow up. The media is aggressively negative presumably in the quest for getting readership. Entitlement behavior runs rampant. The quick buck artists appear. Money becomes a central topic of many conversations. Established companies and government suddenly wake up to the power of innovation and try to co-opt the energy. The word bubble becomes so popular that a bubble builds around using the word bubble.

The great entrepreneurs just keep building their companies. They focus relentlessly on their products, their customers, and their people. They create things that delight, take chances, make mistakes, and iterate as they, and their organizations, get better. They just keep at it and the very best ones shut out and ignore all the noise. And they learn, and learn, and learn.

Just like Jonathan Livingston Seagull. Young Jonathan realizes he is different and then outcast, but he discovers himself. He then discovers others like him, including his great mentors. He learns, experiments, tries new things, makes mistakes, and learns. And learns. And then he becomes the mentor and teaches other young seagulls to discover themselves. Throughout, he does what he loves the most – he flies, and practices, and learns.

If you are an entrepreneur, take one hour out of your day this week and read Jonathan Livingston Seagull. And then spend another hour, alone, thinking about it. I assure you that it’ll be worth the time.

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