Brad Feld

Month: February 2017

HBR recently did an interview with me around the idea of generosity burnout. It’s part of the challenge that Adam Grant is exploring after the huge success and impact of his book Give and Take.

There’s a longer article on HBR by Adam about the general concept of generosity burnout. It’s a good read and it’s helpful to me as I start working on my next book, Give First.

Several people have picked up from the tone of some recent blog posts that I’m wandering up to the edge of this. I’m at my limit emotionally and made a conscious decision a few days ago to change modes through at least the end of Q2. I cancelled all my work travel in Q2, uncommitted to a number of things that weren’t already in process, and generally decided to focus my energy on what I’m currently working on, rather than add to anything new, especially in the “this could be fun but I don’t know why I’m doing it” category.

I already say no 50+ times a day. I’ve also tuned out a ton of noise around things I can’t directly impact. That’s not the issue. Instead, it’s remembering to ask myself “do I want to do this while I’m in my current mode” at least twice before I say yes to anything.


I’ve become a huge fan of Harry Stebbings, the intrepid entrepreneur turned VC whose age (20) matches the title of his podcast (The Twenty Minute VC.) Today, at SaaStr at 1:40pm in the Hypercritical section, Harry is interviewing me about – well – whatever he wants.

Harry has done hundreds of 20 minute VC interviews over the past few years. It’s a staple of mine on my podcast listening rotation so I’ve heard a bunch of them. It’s fun to watch Harry evolve as an interviewer as his knowledge of the industry has increased dramatically and his point of view about various VC-related things has become crisp and clear. And his hustle is relentless and has led to him also doing the SaaStr podcast and joining Atomico.

All five of the Foundry Group partners have been interviewed at this point. I think our interviews are a great way to get to know us quickly since we each tell our story, our strategy, and our approach in our own words and from different perspectives. Over the past few weeks I’ve probably talked to over 100 VCs between my trip to Australia, LA, and SF. When I find myself telling our story in response to being asked, I often wish I had a short cut to point people to.

This post is now the shortcut. I’ll use Harry’s original titles so you can see how his SEO prowess has evolved.

20 VC 065: FOUNDRY GROUP WEEK 1: BRAD FELD

20 VC 066: FOUNDRY GROUP WEEK 1: SETH LEVINE

20VC: THE FUNDAMENTALS TO CREATING A SUCCESSFUL VENTURE PARTNERSHIP & THE OPTIMAL INVESTMENT DECISION MAKING PROCESS WITH RYAN MCINTYRE, CO-FOUNDER @ FOUNDRY GROUP

20VC: HOW 50% OF VCS HURT ENTREPRENEURS, HOW TO BUILD A RELATIONSHIP OF TRUST WITH YOUR VC AND HOW ENTREPRENEURS CAN DETECT VC BS WITH JASON MENDELSON, CO-FOUNDER @ FOUNDRY GROUP

20VC: WHY MANY VCS FAIL TO RAISE, WHY LP COMPENSATION IS A MASSIVE PROBLEM & WHY FUND OF FUNDS WILL BECOME MORE PROMINENT WITH LINDEL EAKMAN, MANAGING DIRECTOR @ FOUNDRY GROUP

Yeah – I don’t love the capital letters either, but there you have it.

In case you are wondering about the tone of the 100 VCs I’ve talked to, I’d rate it as very high on the anxiety meter. Some of the tone is from the macro dynamics post election, but some seems deeper and more unsettled. I don’t know what it is, but I switched my Headspace meditation pack from Motivation (which I don’t need any help with) to Anxiety, just to be proactive.


I arrived this morning to a downpour and a city that feels exceedingly waterlogged. I’m sitting at a coffee shop in Berkeley in advance of a talk I’m giving on Startup Communities, a topic that to me suddenly feels even more relevant than before given the self-inflicted chaos going on at a macro level in America. As things unfold, I’m calmly pondering the next 20 years as I put the final touches on a presentation for a talk at the Greenspring Associates annual meeting later this week.

My partner Ryan is going to the NewCo Shift Forum while I’m theoretically covering SaaStr (and doing a brief speaking bit tomorrow there and then at the Strictly VC event.) While reading Fred Wilson’s post Capitalism At A Crossroads, John Battelle’s efforts and conference spiked in relevance to me. But it’s too late to shuffle things this time around.

Last week was sunny in LA at the Upfront Summit. Mark Suster and team did an amazing job – I think this was one of the best two day conferences I’ve ever been to. If you want a quick taste, read Mark’s recent posts titled Why Was Winter in Venture Capital Funding so Short? and How Glenn Beck Won the Audience Over at the Upfront Summit.

My version of VC Conference Season ends on Friday, as there are endless opportunities in the next few months to spend two days to pretend to work while sitting with a bunch of other people at a conference, waiting to participate in a 30 minute panel or doing a fireside chat. I’m wrapping this week up and then I’m done for a while, as I shift my extra energy to maker mode. In this mean time, I’m pretty sure I won’t need a shower tomorrow to fit in around the bay area – I’ll just need to go outside and walk a few blocks.


All That We Share

Feb 05, 2017
Category Personal

In our very divided world right now, this video is worth three minutes of your life on this Super Bowl Sunday.

 


For some strange reason, I woke up thinking about one of my favorite things to discover in a book or an article. I know there’s deep meaning in the notion that it was the first think that floated up to my consciousness when I awoke this morning. Like any good zen koan, I’m going to let it roll around all day. In the mean time, I look forward to my digital sabbath on Saturday to put the thought into practice and just do nothing.

Several years ago I told Amy “no more three city days.” She reminded me this morning that yesterday was a three city day (Boston, San Francisco, Los Angeles.) It was also a three board meeting day (Chorus, Mattermark, Nima), although Nima was a lovely dinner instead of a board meeting. And this trip has three California cities in it – San Francisco, Los Angeles (for the Upfront Summit, which is turning into one of my favorite annual work events), and then Santa Barbara for a TrackR board meeting.

As I got out of the shower, I realized I had slept in a very similar room at this hotel the week after my 50 mile race in April 2012. That was an uncomfortable shock, as I attribute a lot of physiological damage from that race as one of the root causes of the depression I ended up having in early 2013.

Which, reminded me of the first thing I thought of when I awoke today. Maybe the meaning of the koan is as simple as “Don’t forget to rest, grasshopper.”