• The Hub For Revolutionizing The Way Startups Work

  • Startup Genealogy

    Family tree Startup Genealogy We’re beginning to see an interesting phenomenon occur with the success of Startup Communities. Readers are extrapolating the lessons within the book and are raising some interesting questions about the drivers, best practices and key components of startup communities. Recently, Dan Moore, a local Boulder IT consultant, wrote a blog post questioning the lasting impact the personnel of a former employer had on the local startup community. His blog post raises an interesting question.

    How many startups have been birthed as a result of personnel from a former startup?

    In his own case, Mr. Moore was an employee of XOR, (Internet technology, Systems, IT) and according to his experience some 23 companies were formed as an off fall of its sale, one of which includes the company he currently works for. This information has spurred the team here at Startup Revolution to wonder if we could put together a data set that would depict the general impact startups have on their communities.

    So we decided to begin the process of sourcing information regarding such matters and are now putting together a data set on the long term residual effects of startups; no matter their outcome. Whether they failed or succeeded we want to know the impact startups have.

    So we’ve got a favor to ask…we need you to fill out the form below providing us with important information on the number of companies that were spun off as a result of either the sale or closing up of a former employer.

    Simply fill out and submit the form below and we’ll start building the data set.

    Thanks for all the help!

    -The Startup Revolution Team

     

     

     

     

     

    Startup Genealogy Submission

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     Startup Genealogy
  • Appreciation Dinners – Hacking Startup Life

    Guest Post By Jason HalleCamaleao Marketing Ltd. – (Co-Founder)

    sisyphus Appreciation Dinners   Hacking Startup LifeStartups are tough.  They’re demanding and can ruin relationships if you’re not careful.  Back in 2011 my wife, Annelies, and I were building a startup together in Brazil.  We had just raised a million dollars to scale up the customer acquisition for our daily deal aggregator.  We were on top of our game and about to take over the world (or so we thought).  Long hours at the office, days apart while on the road, and many hours in front of laptops at home were the norm.  We poured everything we had into the startup.  Meanwhile, our two children (now 5 and 3) were as demanding as ever and rightfully deserved more attention – and happier parents.

    How to fit in everything?  ”Quality time” with family started to slip to make way for getting just one more task done before starting anew in the morning.  Forget about getting out to have a “date night”.  And dinner discussions focused on resolving business problems; such conversations started to get more intense when we had differing opinions on certain topics.  Things became even more amplified as the company started to run into finance problems…

    Our relationship was in trouble and starting to show some serious cracks as the months rolled along.  We co-habitated in the same space, took each other for granted, and sadly our relationship had lost its spark.  Fights started from trivial issues and quickly escalated into days of anger and avoidance.  It became clear that neither of us appreciated the other.

    At some point we came across a blog post from Brad and Amy (which would be incorporated into Startup Life) describing Life Dinner.  It was comforting to see that very accomplished couples had grappled with similar issues.  And as we toasted in the New Year of 2012, Annelies and I both made a resolution to each other to adopt our own version, which we call Appreciation Dinner.

    Appreciation Dinner works like this:

    • Each month each of us will prepare a 3-course meal for the other
    • One person is the cook while the other is appreciated
    • Once the kids have gone to bed, the cook will serve the appreciated and will describe specific things they appreciate about the appreciated
    • Rules: the cook prepares all the food, drinks and also does the dishes.  The appreciated one is pampered.  No cell phones, no email, no TV.
    • (By the way, we both love to cook, so this also carves out some time to create and share interesting meals)  

    Proudly, we both stuck with our New Years resolution to each other during 2012 and keep up our Appreciation Dinners to this day.  Starting out as very broad appreciations in the beginning (“I appreciate you for being a good mother”), the praise has turned into recognition of very specific events (“I appreciate your support last Thursday when I was stressed”).  The accompanying conversation is very much along the theme of Life Dinner – we have a chance to reconnect in a safe environment and discuss broad life themes, major obstacles, fears, joys, planning for the future, etc.

    Through the process we have turned around our relationship for the better and have never been more connected.  We just celebrated our 10 year anniversary this January.  And while the startup itself unfortunately didn’t meet our expectations, our relationship has emerged stronger than ever.  We recently moved back to Colorado, and despite such a stressful life event as moving to another country, our Life Dinner hack gives us a great tool to stay connected and keep the daily stresses in context as we figure out our next professional moves.


    Jason Hall Appreciation Dinners   Hacking Startup LifeJason Hall is an expert in data driven, online marketing (PPC, SEO, affiliate, email, etc) & consumer website optimization. After working at various startups in Los Angeles, London and Porto Alegre, Brazil over the last 12 years, he has recently returned with his family to the Greater Denver area and is seeking his next challenge. He tweets irregularly at (https://twitter.com/hall_jason).

  • RokkMiami Boulder Startup Timeline

    Thanks to the crew at RokkMiami for creating this AMAZING graphic on the Boulder Startup Timeline.

    BoulderStartupTimeline RokkMiami Boulder Startup Timeline

  • Noam Wasserman Reviews Startup Life.

    Guest Post By Noam WassermanNoamwasserman.com – (Professor & Author )

    Brad and Amy Noam Wasserman Reviews Startup Life.

    Halfway through Startup Life, married couple Brad Feld and Amy Batchelor suggest that, “Being in a relationship with an entrepreneur is hard, possibly harder than being an entrepreneur” (p. 78). This hard-learned gem of wisdom is richly conveyed throughout their excellent read.

    Through their own real-life examples, and those of others, Brad and Amy drive home the message that a founder’s spouse or life partner is the true cofounder, the one without whose support and contributions the startup could be dead or might have never been born to begin with. Startup Life is an invaluable resource not only for showing life partners their likely path ahead, but also for opening the eyes of the founders themselves to the stresses their partners are likely to experience.

    I appreciate how the book tackles the full range of the entrepreneurial journey, beginning with the initial decision to leap (e.g., when motivated by “not wanting to risk a life in a cubicle”), and culminating with a successful exit. However, their clear-eyed presentation of these events highlights the unexpected challenges that can accompany even the biggest success. For instance, the authors poignantly describe the aftermath of Brad’s successful exit from one of his startups as “the entrepreneur’s equivalent of post-partum depression.” Far from the jubilation we would expect to see, Amy and Brad’s raw reflection offers a sobering, honest view of the dark underbelly of what many expect to be the glorious Promised Land. Along the way, Brad and Amy impart a wide variety of practical lessons and suggestions, such as keeping a weekly digital “Shabbat” in which they are offline each Saturday.

    To ensure they have cast a wide net of experience, Brad and Amy pepper the book with anecdotes and insights from others in the entrepreneurial ecosystem. Almost all of the outside write-ups have at least one important insight, but a couple of them are particularly golden. For instance, Keith Smith, founder-CEO of BigDoor in Seattle, provides very personal reflections on how habits he developed within the startup harm his personal life. Reflecting on that broader pattern, he says: “…the fact [is] that many of the skills that entrepreneurs develop to help us survive and ultimately succeed in a startup are in direct opposition to the skills we need to build a long, happy, and stable relationship. Embrace risk. Fail fast. Move even faster. Solve problems quickly, and without waiting for every fact to reveal itself. Multitask well. Shape the world around you to match your vision. … [As a result] I’ve got screwed-up priorities, a well-developed set of exactly the wrong skills, and I come off as being emotionally unavailable.”

    Another golden write-up delves into the experiences of two spouses cofounding together – “couplepreneurs,” if you will. (My data has shown that founding teams comprised of friends and/or family tend to be less stable than other teams, emphasizing how founding with those types of people is “playing with fire.” Such teams should devote a lot of attention to developing “firewalls” to protect themselves.) Krista Marks and Brent Milne describe their own firewalls, such as always using each other’s given names at work and nicknames at home, and going out of their way to prove to the rest of their teams that they do not discuss sensitive work issues at home.

    More generally, succeeding at founding a startup while founding a family requires cultivating an awareness that startup rhythms are rarely in sync with the rhythms of personal life, and that there are often strong disconnects between the entrepreneur’s psyche and the spouse’s. Two of those disconnects are highlighted in the book by spouse Alexandra Antonioli: divergent perspectives on money (“A person who has always worked a salaried position from 9 to 5 arguably does not view money in the same way as the entrepreneur”) and time (“entrepreneurs like to overbook. … They will be late.”). She calls the latter “the Entrepreneurial Time Zone.”

    In addition to highlighting the potential disconnects between the personal and the professional, Brad and Amy also highlight ways in which startup best practices should be imported into a founder’s personal life. For instance, the entrepreneur’s intense focus on the startup’s cash position: “Make sure as a couple you know where you stand, how much money you actually have, what your monthly burn rate is, and how long you can go before you are out of money.” Another bit of overlap with founding teams: “a couple that ‘never fights,’ it’s almost always a sign of avoiding talking about troubled topics and not the result of complete accordance and unity with each other.”

    Along the entrepreneurial journey, we get to know a variety of fun tidbits about Brad and Amy. For instance, Brad’s ringtones include – perhaps a bit too tellingly! – “Money” for his VC partners and “Comfortably Numb” for CEOs. Brad’s “14-year-old inner self” has a strong aversion to babies. Even though Brad stresses the importance of having regular Life Dinners with Amy, they’ve had to develop “our fail 12.5 percent of the time rule”: that Amy allows Brad to miss it unexpectedly one out of eight times. And even though Brad had significant assets to protect when they got married, they don’t have a formal prenup. Instead, if the relationship fails, Brad says that Amy gets everything and Brad will start over from scratch.

    We’re left with a richer picture of the authors, but also a richer picture of the ways in which the founding journey will challenge the most cherished of our relationships, insights that will hopefully enable us to preserve the professional without imperiling the personal.

    This is a re-post from Noam’s blog at noamwasserman.com


    Noam Wasserman Noam Wasserman Reviews Startup Life.

     

    Noam Wasserman is a professor at Harvard Business School. For more than a decade, his research has focused on founders’ early decisions that can make or break the startup and its team. At HBS, he developed and teaches an MBA elective, “Founders’ Dilemmas,” for which he was awarded the HBS Faculty Teaching Award and the Academy of Management’s 2010 Innovation in Pedagogy Award. In 2011, the course was also named one of the top entrepreneurship courses in the country by Inc. magazine.

  • Revolution

  • Communities

  • Life

  • Boards

  • Metrics

  • Startup Hub

3rd Annual CU Mobile App Challenge



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 3rd Annual CU Mobile App Challenge

 

The Computer Science Undergraduate Advisory Committee (CSUAC) is organizing the second round of the 3rd annual Mobile Apps Challenge here in Boulder. The second round of the challenge will take place tomorrow Friday, April 12th at 5PM at Hub Boulder. The competition will include student teams from across Colorado including CU-Boulder, Colorado State University, University of Colorado at Denver, and Colorado School of Mines.

 

List of Applications:

Musikfly: a platform for musical influencers to manage all their music submissions in one smart, simple feed.

PicPoc: a photo manager/viewer that runs on iOS. Its interface allows you to horizontally scroll through albums of photos, and PicPoc can view photos from your phone’s photo library or you can save photos to PicPoc to keep them secure. PicPoc’s best feature is the ability to lock/unlock your viewing to a single photo, or album of photos.

MGate: an app that allows users to simulate basic logic gate connections and outputs. Users can organize and/nand/nor/not or xor gates together to simulate basic digital logic. This would be a useful tool for teaching and learning about logic gates.

JamWalkr: a social music-listening and sharing app, designed to let users decide not only what kind of music they love, but WHERE it is loved

LightStop: an app that simply does one task really well: Displays current scheduling information for the light rail

Orpheus: is a digital DJ/Jukebox streaming music service for restaurants, bars, coffeeshops, and house parties. It uses social media and machine learning to play music that is revelant to guest and patrons.

 

Logistics

What: 3rd Annual Mobile App Challenge: The community event 

When: Friday, April 12th at 5PM

Where: The HUB Boulder

Format: Teams will be provided a time slot to present a quick demo of their application to community members and the judges. Following the pitches, community members and judges will vote for the best teams. Scores will be combined to determine the final results.

The total cash prize is $2,000!

Free Food will be served.

Get your ticket for FREE at: http://csuac-mac.eventbrite.com

For more information, please visit: http://csuac.com/tagged/app

The event is fully sponsored by SAP!!!

 3rd Annual CU Mobile App Challenge

Part 4 Of Enjoying The Ride: It’s Not All About You



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Guest Post By Marc Barros - One Entrepreneur’s Perspective - (Blogger)

surfing Part 4 Of Enjoying The Ride: It’s Not All About You

“…You go through a lot. Physically, mentally, and so the friendships that are made in the big wave lineups run so deep…we love one another with the most respect that you could. ” ~ Greg Long (big wave surfer)

Relationships. The most volatile, unpredictable, but important part of the company you build. Unless you want to build a one-man show and sit in a closet, people will become incredibly important to your success.

And I’m not just talking about employees, I’m talking about all the relationships around your business. The army of people you need to influence to believe in your vision, your products, and your leadership. I’m talking about editors, investors, employees, vendors, suppliers, retailers, family members, lawyers, strategic partners, athletes, customers and anyone who takes an interest in what you are building. All of them need to believe for you to create a successful company.

When you start, it’s easy to ask for help. If you are persuasive enough you may even find it easy to convince people to join, invest, purchase, etc. Your decision to constantly put the business in front of these relationships will always feel like the right thing to do. And for a long time people will put up with it, until they won’t. Once they believe your concern for them is shallow and that the only time you call is when you need something, their desire to help will be replaced with frustration, disenchantment, and even anger. People can sense if you aren’t genuine and your actions always speak louder than your words.

Changing this dynamic is hard, especially when it feels like you are short on time and energy to give yourself to everyone. Putting people first requires an incredible amount of vulnerability and a level of commitment that is more tiring than keeping everything surface deep. But what I can promise you is when you start putting people first the relationships get better. You begin to appreciate what you have and enjoy everyone for more than what they can do for the company.

Unintentionally, I know I burned a lot of relationships along the way. I was constantly battling with how much to give as I pushed forward with business first, people second. I figured that people would understand when I did what was best for the business in place of what was best for them. It is true that you will have to make very hard decisions about people, decisions that haunt your dreams and make your stomach turn inside out.  And it’s also true that no matter how much you commit to them people may hate you when you let them go. Relationships you thought would last a lifetime are ended in seconds, and that hurts.

At the end of the day, when the dust settles and your time with your company is over, you will realize that all you have are these relationships. How you treated them is all that they will remember. And the memories you shared is all that you end up taking with you.

Appreciating people is hard, but it’s worth it. It makes the ride so much better.

The following is a short guide to help you appreciate the relationships around you so you can better enjoy the ride.

 

Value People’s Time
You are running a business. A business that does need to generate revenue, profits, or investment capital to stay alive. That oftentimes needs you to make very hard decisions that you hope will keep the company alive to fight another day. Casualties along the way will happen, but it doesn’t mean people have to think you don’t value them.

One of the hardest lessons I learned was to value people’s time. I was always over-scheduling myself and justifying why being a few minutes late was okay, but don’t do it. There’s nothing more frustrating than starting a meeting late or waiting for someone to arrive when they asked for your time. Be early and prepared for the meeting and do the other person a favor by requesting the meeting days in advance along with a short agenda of what you want to talk about. Sure, some meetings need to happen the same day, but giving people a heads-up goes a long way. A surprise attack meeting from the CEO never goes well.

Once you have people’s attention don’t waste it. Be direct in your communication. Ambiguous, passive-aggressive communication is awful, especially in tough conversations that no one wants to be having. A direct approach may initially hurt people’s feelings, but they will appreciate your honesty. Not knowing where you stand or not knowing where they stand makes the relationships awkward, at best. Even if you need more time to think about a subject, tell them that. You aren’t expected to have every answer at your fingertips. Thinking about things is perfectly acceptable and a much more thoughtful way to go. Just don’t forget to follow back up and let people know where you stand.

If people provide introductions, treat them with utmost importance. People are always afraid to introduce you to people they know because how you treat their friends will be a direct reflection on them. Being polite, on time, and direct with what you want to talk about, will go a long ways towards people sharing relationships that may help you. If people offer an introduction don’t be afraid to say no or say why a time in the future would be better. It’s better to know the introduction would not be helpful than to make it and have it linger in email eternity.

Lastly, be sure to say thank you. That can range from a handwritten card, to an email, to looking directly in their eyes and saying thank you. The more thoughtful your follow up is about what you are thankful for only helps in keeping friends who will continue to support you. People recognize that when you start, you can’t pay with money, so do everything you can to repay them with gratitude.

 

Be a Great Listener
It means you have to be present. Having your computer open, auto-updates buzzing in your pocket, or half thinking about something else means you aren’t giving people the attention they deserve. If you don’t have time for the discussion then don’t start it.

Getting good at listening takes real effort. Yes it’s hard to turn off all the extra thoughts floating around in your head, but the more you practice turning them off to really be present the better you will get at it. To be good at listening it starts with eye contact. People can tell when your mind is bouncing all over the place because your eyes will be doing the same thing. A friend once taught me the best way to make eye contact is to focus on one of the person’s eyes. It sounds creepy, but it will help your mind settle down and focus.

Then to actively listen you must be engaged with the speaker. It doesn’t mean you have to speak, but show enthusiasm. Show it in your face, your energy, and your body language. When it is time to respond, return the same energy they brought. Build up on their idea instead of tearing it apart.

Even if you are three steps ahead of the person presenting, it doesn’t matter. Telling them the answer or taking the pen out of their hand leaves a bad taste in people’s mouths. I used to do this all the time and the only person who felt good about it in the room was me. Sadly, a pen in my hand leading the discussion on the whiteboard was my way of listening.

In my recent time off I have been taking an improv comedy class. Partly to put myself in the most uncomfortable situations possible, but partly because the laws of improv are the core to great team building. If you ever watch great improv the acting team builds upon itself. The first rule of improv, “yes…and”, dominates the conversation as you take someone’s idea and add to it. You never cut it down or tear it apart. The conversation may flow in a different direction than you first thought, but as trust builds with the team you can take the initial idea and run with it. Something I look forward to being better at with the next company I build.

Being a bad listener is just being lazy.

 

Learn to Empathize
I’m sure we have all read the stories about Steve Jobs and his lack of concern for everyone else. If your creative genius is anything close to his then okay, maybe you can get away with it. But for the rest of us, learning to understand people from their perspective is critical to improving the relationships around us.

Empathy is the basis of great user research as you try hard to understand the problem from the user’s perspective. You are constantly putting yourself in the customer’s shoes and trying to understand what they are trying to do that they can’t do.

What makes empathizing so hard is it goes against our natural intuition, which is to convince people our point of view is right. Especially as entrepreneurs we spend so many hours defending, that we often fail at accepting another perspective and because we are so attached to our own point of view we often confuse it with our own identity. And so sometimes empathy can be very difficult because we get nervous that if we put ourselves in someone else’s shoes to see their (different) point of view we might lose part of our identity, we might lose part of our “Self.”

There are two scenarios I experienced a lot. 

The first is something goes wrong. As a leader you will receive information that no one else will have. Often incredibly conflicting, it is easy to make assumptions based on all the opinions and lack of facts around you. But I challenge you to start with the people and not just ask them what happened, but understand it from their perspective. Put yourself in their shoes to understand how they approached the problem, the resources they used, how they are feeling about it, and really why the result is different than you expected. It may take several discussions to actually get down to the root cause, but it’s a much better approach than making an assumption about why.

The second is predicting what people will need. This is much harder and can take years of practice. The better you understand people around you, what motivates them, make them happy, or what they need, the better you can predict this. Providing solutions before they need them is like creating great products people didn’t even know they needed until they tried it. I have a very long way to go to get good at this.

Surfers do this in a very basic way. They look out for each other in the water. Like a brotherhood, they never give up helping a surfer in trouble, no matter how long it takes. Most of them have been there before and instantly they can understand what it’s like. An unspoken language many of us never experience in the business world.

 

Create Depth to the Relationship
As the CEO, your job isn’t to be friends with everyone. Often figuring out how far to go with each relationship is a constant battle. Yes, you want to build camaraderie with your team, investors, partners, etc. but you do need to make it clear where the line is.

With that in mind there is a lot more to life than just work. Often I was so focused on the company, it was the only thing I would think about and most of the time the only thing I would talk about. I loved talking to everyone about business and rarely drifted off to new subjects. It’s okay if you aren’t caught up on the latest pop culture, but you can talk to people about life outside of the company.

Getting to know what people are passionate about helps you be a better leader. Learning what motivates people, where they like to travel, what makes them happy, what they like to do when they aren’t slaving away to make the company stronger, etc. goes back to empathizing and helping you understand where people are coming from. You won’t get to know people by constantly being in meetings or by only connecting with them at happy hour. Learning about people can happen in small increments during the day, at social events, or even at lunch.

Lastly, please don’t ask about their life to just ask. If you don’t care or you don’t intend to care then just talk about business. People can tell when you don’t care or even worse when you don’t remember personal things they shared with you.

 

Conclusion
Building a great company is hard. Building it alone is depressing. Learning to put other people first is something I constantly battle with, but I believe it will not only make me a better leader, but more importantly it will make the journey so much more enjoyable. No different than the level of commitment surfers have in the water to protect each other, putting other people first will create relationships that last long beyond your company days.

 

Image Credit: Rickbucich via Creative Commons


marcBarros Part 4 Of Enjoying The Ride: It’s Not All About YouMy Purpose
I am an entrepreneur. A creator. A builder. I want to build companies that make the world a better place, one product at a time. I have come to believe that if you let life unfold itself, you will experience it like never before.

Contour
My first start-up and therefore my first love. I co-founded Contour in a garage almost ten years ago and was fortunate enough to have lead the company from inception to a multi-million dollar business with hundreds of thousands of customers around the world. I am most proud of the award winning products we create, which are thoughtfully designed and incredibly easy to use. Contour.com

Contact Me
marc.barros@gmail.com
@marcbarros

 Part 4 Of Enjoying The Ride: It’s Not All About You

What Should Your Startup Board Package Look Like?



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Guest Post By Mahendra RamsinghaniThe Business of Venture Capital – (Author, Investor, Mentor) 
boardroom2 300x248 What Should Your Startup Board Package Look Like?

Preparing your board package is a bit of an art and a science. The sample slide deck below offers a framework for consideration (please see “Notes” section of slides as well). The primary goal for the CEO is to communicate with the board, in adequate detail. Your board needs to hear about your progress (or lack thereof).

Here are some points to consider:

a) Progress metrics: Each startup has different metrics and at the very heart of it, you as CEO / founder need to prioritize these over the next 12 months. These metrics could include adoption, revenues or simply, customer discovery / development milestones. The art form lies in picking the metrics that matter – quite simply, ask yourself – what is the one development that would help the company to be seen as a leader in this space? Can this development help raise the next round of capital at increased valuation? This is not about pandering to investors but knowing what constitutes value creation.

b) Significant developments / changes: Board members need to know of any significant shifts. Fired your CTO? Pivoted to a new market?  Increased burn rate by a factor of two? All of these are important enough that your board needs to know – ideally before the board meeting. At the meeting, these topics are the ones that yield a robust discussion. Remember, a board meeting is not a one-way brain-dump from CEO to board. It is a two-way street and if you do not pause, ask questions or breathe – it will ultimately lead to frustrations. The board is there to help but you have to let them help you.

c) Financials: No matter how cool the product feature set may be, make sure you include financial statements in your board package. These are ideally prepared by your part-time CFO and include your income statement, balance sheet and cash flow statements. For very early stage companies, its best to offer a simple snapshot of

(i) Cash at hand (ii) burn rate and (iii) months before we need additional capital.

Ultimately, remember that a board package is nothing but a prop for communication and discussion. Your goal is to ensure that (a) your board gives you a thoughtful input / feedback on the company’ progress (b) knows where you need help and (c) is able to help you along the way.

You can download the original PowerPoint Slideshow Here.

 


Mahendra Photo What Should Your Startup Board Package Look Like?

Mahendra Ramsinghani

I manage and lead all investment activities for Invest-Detroit’s First Step Fund, a micro-finance fund that is focused on seed and early stage investments in the region. Since its launch, the Fund has invested in 40+ companies across technology, healthcare and energy sectors.

In 2011, I finished a labor of love – a book titled “The Business of Venture Capital: Insights from Leading Practitioners on the Art of Raising a Fund, Deal Structuring, Value Creation, and Exit Strategies (Wiley Finance). See: http://amzn.com/0470874449

As Mentor-in-Residence at University of Michigan’s Office of Tech Transfer , I helped spin-out a Life Science tools start-up, 3D Biomatrix. In 2012, this company was recognized by Wall Street Journal Technology Innovation Awards (chosen among 536 entries).

At the MEDC, I led the efforts for development of two Fund-of-Funds programs that was signed into a legislation and currently deploys $200 million in VC Funds. I serve on the investment committee of two seed funds and on the Board of University of Michigan Social Venture Fund.

 What Should Your Startup Board Package Look Like?



Image credit: AFP/Getty Images via @daylife It ain't easy being a startup. Without a massive marketing budget, smaller companies often find themselves relying on the media to get the word out. While this is no easy task for even the biggest and most polished companies, for shoestring operations, it can be [...]




Q: On page 105 of the second edition of Venture Deals under Debt Conversion Mechanics, you state: “Therefore, having outstanding debt (that doesn’t convert) can be a bad thing if an entrepreneur ever gets sideways with one of the debt holders”. I infer this to mean that convertible debt cannot bring about the same bad results. [...]

A Visual Depiction of Startup Communities…



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California Lutheran logo5 A Visual Depiction of Startup Communities...MY4WCPPRUF9M

Last week Brad spoke to a group of entrepreneurs from the California Lutheran University about Startup Communities. Stephanie Crowley is a graphic recorder who attended the event and proceeded to draw this…AWESOME!

California Lutheran University A Visual Depiction of Startup Communities...

 

 A Visual Depiction of Startup Communities...

Part III of Enjoying The Ride:Doing Less is Harder than Doing More



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Guest Post By Marc Barros - One Entrepreneur’s Perspective - (Blogger) 

Doing Less is the third post in a five part series called “Enjoying the Ride.” Comparing a start-up to surfing, this is a simple guide to turn your grueling start-up battle into a more soul fulfilling experience by helping you battle the sets and pick the right waves so you can enjoy the ride.

surfer Part III of Enjoying The Ride:Doing Less is Harder than Doing More

Doing Less.
People talk about it, but how do you actually do it? I mean, how are you expected to do less when the workload doesn’t stop and your company is David taking on Goliath?

It’s incredibly hard, especially when speed is considered so important in taking the hill and challenging your competition.

At Contour I sucked at this for a very long time because as the CEO, doing less is largely determined by the CEO, and my natural tendency to outwork everyone meant I valued quantity over quality. My unrelenting drive demonstrated to everyone that I believed time was free and therefore unlimited. Even if people complained they couldn’t get everything done I figured they would do what I did, work more hours.

I fell into this same trap when I started surfing. As soon as I got past the break I was quick to chase the first wave that came, regardless of my probability of catching it. I figured the more waves I went after the better my chances of catching one. Instead of waiting to pick the right wave for me, I went after everything as if I could do it forever. But quickly I realized I spent a bunch of valuable energy paddling only to miss the wave and get pounded by the whitewater of the follow on one.  The number of waves I caught decreased and instead of having fun I realized how much work I was doing. Being patient to wait for the right wave became an exhausting lesson to learn on the board.

Over the years at Contour it became more and more evident that in order to do better work, everyone had to do less, myself included. People were tired of producing work they knew could be better, which only amplified with more people, more meetings, and growing to-do lists.  Our culture of do first, think second made it hard for everyone to figure out what was and was not important.

It took me a long time to understand this, but doing less doesn’t mean you will be less successful, instead I think you can be more successful because you won’t waste a bunch of money redoing the work, you won’t have frustrated employees, and you won’t create a culture of “it’s good enough.” But in order to actually do less you have to be more patient and much more tenacious about prioritizing your time. Instead of thinking that time is free, treat it as the most valuable and expensive resource you have. The most expensive cost in a business is the people, so don’t waste their time.

The following is a short guide to help you prioritize your time so you can do less, but better work. Doing great work is a big part of enjoying the ride.

Benjamin Franklin schedule Part III of Enjoying The Ride:Doing Less is Harder than Doing More

How Much Time Do You Really Have
If you step back and look at your day, it will shock you how few hours you really have to do quality work. Assuming you want to deliver your best work over multiple years, let’s look at how many hours you really have in a day:

  • You sleep ~ 7 hours
  • Getting ready ~ .5 hours
  • You eat three meals ~ 1.5 hours
  • You commute to and from work ~ 1 hour
  • You exercise on a regular basis ~ 1 hour
  • You have family or personal time ~ 2 hours
  • You answer inbound requests (like email) ~ 3 hours

Throw on top of that a crazy travel schedule, kids, unnecessary meetings, and unplanned opportunities and you really have less than 8 hours of your day to really think.  Which to most people would seem like a lot of time, but when you are running a company there is so much demand for your time that you end up dividing your eight hours over a variety of random subjects across multiple people. And when you run out of time you start justifying why cutting down on family time, sleep, working out, personal time, and meals is more important than taking care of yourself.

As a founder you spend your early years running around making everything happen, but as your idea grows into a real company you are supposed to transition from doing less to thinking more. A transition that actually requires more mental capacity than when you ran around making sure remedial tasks got done.

In order to do great work you first need to have energy and enough time to really dive into it.

Group Your Schedule
Everyone organizes their day in different ways, but in order to do better work the first step is better grouping of your schedule. Jumping from subject to subject is hard, especially if you don’t leave yourself enough time to mentally transition.

Personally, I found the thinking in 7 Habits of Highly Effective People to be a great way to organize my week. I would sit down every Sunday and think about what I needed to accomplish for the week. Then I would organize my days so I had a few hours before lunch and a few hours after lunch to accomplish these tasks.  I would then do my best to keep team meetings and appointments to the beginning or end of the day so I had the rest of the time to myself.  If I needed to have back-to-back meetings with different subjects, I found that using a 10-minute break to go outside to get some fresh air helped me clear my mind so I was ready to jump into the next discussion.

In a recent New York Times article, Tony Schwartz talked about energy renewal during the day. The research he cited supports a cycle of 90-minute work sessions, followed by rest cycles during the day. “Human beings aren’t designed to expend energy continuously. Rather, we’re meant to pulse between spending and recovering energy….Working in 90-minute intervals turns out to be a prescription for maximizing productivity. ”

Even when I successfully blocked out my day, I found the hardest part was turning off email and social feeds, especially when my phone has auto-updates turned on. My most productive days happened when I limited these distractions to three times per day, when I had the proper time to provide thoughtful answers.

 Of course, when I got tired I reverted to my old ways of filling my schedule with random meetings and discussions. I had spent so many years covering way too many subjects that deep down I probably missed the breadth, so when I couldn’t add any more value thinking, I resorted to doing. A habit I should have replaced with taking a break, instead I just kept plowing through my day.

Screen Shot 2013 04 02 at 7.06.33 PM Part III of Enjoying The Ride:Doing Less is Harder than Doing More

The framework I used for my weekly schedule.

Prioritize Your Workflow
How often have you sat down and started working by opening your email?

Prioritizing your work based on your inbox is a quick way to become overwhelmed and before you know it you have wasted the valuable thinking time you have.  I always found email to be a horrible form of communication, especially when people value the quantity of emails they send versus the quality of them. I used to send way too many emails, especially when I was tired and instead of using the limited creative energy I had, I wasted it on half thought-out messages.

If you prioritize your work from the most important to least it will help you and your team realize the unimportant stuff that isn’t getting done. Part of being able to enjoy the work is not feeling overwhelmed by a bunch of small tasks that really don’t matter in the end. So if you never finish your list it’s a great way to go back and tell your team what isn’t getting done and why.

I always found the best people were great at estimating how long the work would take and communicating why something wasn’t getting done. 

Kill Random Meetings
Learning to say to no random meetings is something you should start very early in your culture. Once it becomes a habit, the habit only gets worse with more employees and shared calendars. You don’t want to create a culture of arguing about why you personally don’t have to attend the meeting, but early on you want to agree on what types of discussions are worth scheduling people’s time for.

Jason Fried with 37 Signals is a huge fan of this and he does a great job in “Getting Real“, explaining why meetings are toxic and why people need alone time to think. If not, your employees will start working from home so they can get real work done and avoid all the meetings.

I found there were two types of meetings worth having.

The first are update meetings, which are best served by short scrum like meetings that last a few minutes and update everyone on what is going on. This can be much harder when you have people calling in from different time zones, but updates should be short and sweet. A monthly update will probably be a bit longer, but regardless they should be concise and give people the information they need.

The second are group discussions, and they should really be reserved for creative sessions that require multiple types of inputs. These are not update meetings, but instead should be reserved for the few times you need to get a group of people together to discuss how to solve a problem or for creative brainstorming. Otherwise you are wasting a lot of money when you have multiple employees sitting in a room adding little value. And people need to get over feeling hurt if they are left out of a discussion. Creating a short agenda and being selective about who should be in the discussion and why is important.

Make it Clear When You Are Available
Early on I thought part of my role was being available to everyone, all of the time. An open door policy is great for people thinking you are accessible, but terrible for getting real work done and forcing people to think before they bring you questions. Most of the time I would say “Sure, I’m available” and then after the discussion it would take me several minutes to restart from where I left off. Even worse, I was half present, which probably made the discussion a waste of time for both of us.

An important part of your job is letting people know when you are and aren’t available. People will have questions and random requests, but it’s important to let them know when is a good time to bring you these requests and when it isn’t. Signals that help people know this can be headphones, a closed door, changing your Skype status to unavailable, and turning off your phone.

This goes for everyone in the organization, but if you do get interrupted, politely let people know you are busy and when you are free to connect.

Enjoy the Work
Building a company is an incredibly unique opportunity. It is something you will only do a handful of times in your life, so don’t take it for granted.

Discovering a real problem in the world that you happen to be passionate about is rare. Turning that opportunity into a real company is then no small matter, so when you are battling the waves on a daily basis don’t forget to enjoy it. Being able to dive deep into thinking about how to make your company, product, experience, culture, etc. better is a lot of fun.

Because when it’s over you’ll wish you had taken the time to enjoy every moment of it.

 

Image Credit: SURF&ROCK via Creative Commons

marcBarros Part III of Enjoying The Ride:Doing Less is Harder than Doing More

My Purpose
I am an entrepreneur. A creator. A builder. I want to build companies that make the world a better place, one product at a time. I have come to believe that if you let life unfold itself, you will experience it like never before.

Contour
My first start-up and therefore my first love. I co-founded Contour in a garage almost ten years ago and was fortunate enough to have lead the company from inception to a multi-million dollar business with hundreds of thousands of customers around the world. I am most proud of the award winning products we create, which are thoughtfully designed and incredibly easy to use. Contour.com

Contact Me
marc.barros@gmail.com
@marcbarros

 


Public Events For 4.1.13 – 4.5.13



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take 5 logo 300x72 Public Events For 4.1.13   4.5.13          Register

Take 5: 2013 U.S. SOURCELINK CONFERENCE for Entrepreneurship
When: Tues, April 2nd, 2013 @ 8am – 3:00pm
Where: U.S. Sourcelink Conference, Kansas City MO
Description: U.S.SourceLink: America’s Largest Resource Network for Entrepreneurs
The U.S.SourceLink network was built from a single mission: make entrepreneurship easier.
From Alaska to Florida, in rural regions and urban centers, U.S.SourceLink has helped communities transform fragmented economic development organizations into vibrant and vital ecosystems of on-the-ground, just-in-time small business resources.
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Here are 8 things to help make sure you have all your mallards in a row before you build an app.


Part II: The Consequences Of Rudderless Leadership (The Tao of the Cheshire Cat)



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Guest Post By Andrew ShermanJones Day- (Partner)

Cheshire Gif Part II: The Consequences Of Rudderless Leadership (The Tao of the Cheshire Cat)My latest book, Essays on Governance, was inspired by the events of the past ten years which has placed the discipline of corporate governance under a strategic as well as a regulatory microscope and has shareholders and the markets challenging boards to be accountable and carefully follow best practices which drive informed and objective decision-making.  We have lived through several periods over the last decade when it appeared to many that our financial markets have been on the brink of complete collapse.  And while calm and patient heads prevailed and we have experienced remarkable resiliency, it has not been without significant government intervention in the form of bailout packages and QE1, QE2, and QE3 and extensive legislature reform at the SEC, NYSE, FINRA, NASAA and PCAOB levels.  Dodd-Frank legislation brought us not only greater oversight over the financial services industries, but also greater incentives for “whistle-blowers” to come for to report governance or leadership breakdowns and mandated that public-traded companies include an advisory resolution on their ballots to approve executive compensation, opening up a new and much more transparent “say-on-pay” paradigm in the participation of both Alice Two One 300x134 Part II: The Consequences Of Rudderless Leadership (The Tao of the Cheshire Cat)ordinary shareholders and their activist compatriots and proxy advisory firms.

As entrepreneurs and leaders of emerging growth companies, we must pledge to our board and to our shareholders that leadership is about protecting the interests of others ahead of your own.  We must lead by example.  Leadership is about absolute dedication to the legacy of an institution or organization which is more important than the legacy or reputation of any one of its individual mentors.  Leadership is about liberating yourself from conflicts of interests or hidden agendas.  Leadership is about accepting responsibility for the consequences of your decisions, your actions and your inactions.  Leadership is about setting aside your own personal beliefs in favor of the mission and values of the organization, though it helps if the two are aligned.  Leadership requires those placed in a position to govern others to walk and talk the traits of integrity, modesty and self-efficacy, transparency, flexibility, emotional intelligence, empathy, confidence and decisiveness, accountability and patience balanced with a sense of urgency.  Leaders must provide a sense of calm in times of crisis and inspire and motivate teams to accomplish organizational objectives.  Leaders must be clear and concise communicators.  As Colin Powell once said “Great leaders are almost always great simplifiers, who can cut through argument, debate, doubt (whining, rhetoric and turfmanship) to offer a solution everyone can understand.”

Whether you as the leader of your own company warmly embrace or actively resist principles of good governance, you may soon have no choice.  Too many trends are converging to force directors and leaders to be accountable to the stakeholders that they govern.  The transparence and interconnectivity of the social media, the rapid increase of shareholder activism groups and lawsuits, the new whistleblowing rules under Dodd-Frank, the significant expansion of the staffs and budgets of federal and state regulatory and enforcement agencies, the era of compliance in an attempt to combat fraud and distrust, are all driving forces which will ultimately create life under the near-perfect microscope and governance in the nearly-clear fishbowl.  The passage of new laws, the significant upticks in shareholder activism and the robust activity by government regulators have ushered in the need for a new era of transparency and effective governance.

Board composition must include the right mix of skills, industry experience, market knowledge, diversity and battle scars.  The board Alice Two Two 300x111 Part II: The Consequences Of Rudderless Leadership (The Tao of the Cheshire Cat)must be thick-skinned enough to withstand criticism and scrutiny, but its processes, deliberations and decision-making must be transparent enough to be subject to periodic evaluation and healthy debate.  The key element of this delicate balance is alignment.  Board skills must be aligned with strategic plans, board composition must be aligned with market demographics and consumer patterns, board interests must be aligned with stakeholder value and board commitments must be aligned with the fulfillment of fiduciary duties.  Shared vision, shared values, shared goals and shared rewards are the best ways to close the gap between those who lead and those who are lead.

Risk assessment, management and mitigation has been elevated to one of governance’s top priorities for both emerging growth and more established companies.  Risks come in a wide variety of shapes and sizes and the sources vary from Mother Nature to shareholder activists to computer hackers to disgruntled employees to volatile markets to fierce competitors to hyper-active regulators to rogue financial traders to social media rabble-rousers to political turmoil and sovereign debt crisis, to nuclear accidents to civil discord to just plain old-fashioned negligence, pour judgment and human error.  Unforeseen risk is all around us and the board must be at the forefront of predicting risk, measuring risk, preventing risk and mitigating the consequences of risk.  Unexpected surprises and getting blindsided are no longer acceptable explanations or excuses when significant shareholder value is at stake.

Boards must proactively anticipate risks in many disciplines, not passively react to them when problems arise, or even worse, hide under the mahogany table when challenges surface.  Contingency planning (having an evacuation plan, a fire drill map, the ability to pivot, a “Plan B” ready to go, etc.) is all part of strong and effective governance.  Board members need to seek out the advice of outside legal and accounting professionals to craft these plans, as well as from certified risk managers, such as the 21,000 financial and operational risk professionals who are members of the Global Association of Risk Professionals (GARP), based in Jersey City, New Jersey, (www.garp.com).  The bottom line is that if today’s board member is going to be held accountable (and potentially personally liable) when and if the proverbial “poop” hits the fan, then you better be trained to be pretty handy with a shovel.

Alice Part II: The Consequences Of Rudderless Leadership (The Tao of the Cheshire Cat)As we all know, great companies come and go – the board and executives primary role is to keep them great and well-managed for a sustainable long-term future.  IBM celebrated its 100th year of existence on the shoulders of great leaders and the vision and ability to transform and evolve its mission and business model.  The only market condition which remains certain is change itself.  Board members must keep their eyes on the road and their ears close to the ground to anticipate change and re-direct the ship accordingly.  The root of the word “director” is in the terms “direct” and “direction” and it must be the board at the helm of corporate strategic navigation.

To navigate properly, like the Cheshire Cat, first ask “In what direction do we want to go and why?  Then ask, “how ready are we to truly begin and complete this journey?”  Applying principles of intellectual honesty and integrity in identifying challenges in organizational capacity and readiness.  Then ask, “what concrete steps need to be taken and what responses will we need to complete the journey?  An empty canteen is as about as valuable as forgetting to pack it altogether.  Then ask, “how do we keep momentum going during the journey itself?”  Many companies stall, pull into a rest stop and never get back on the highway or simply forget to follow a roadmap as their mission derails and their companies unravel.  Forward progress is critical.  Finally, inasmuch as life is a journey, not a destination, ask “how can we as a board set new goals, new metrics and target new destinations so that our company continues to evolve, grow and drive shareholder value?”  As leaders, if you can be committed to asking these five questions on a perpetual basis, the road to strong governance will be well-paved.

 

 

Andrew Sherman Part II: The Consequences Of Rudderless Leadership (The Tao of the Cheshire Cat)Andrew Sherman focuses his practice on issues affecting business growth for companies at all stages, including developing strategies to leverage intellectual property and technology assets, as well as international corporate transactional and franchising matters.

He has served as a legal and strategic advisor to dozens of Fortune500 companies and hundreds of emerging growth companies. He has represented U.S. and international clients from early stage, rapidly growing start-ups, to closely held franchisors and middle market companies, to multibillion dollar international conglomerates. He also counsels on issues such as franchising, licensing, joint ventures, strategic alliances, capital formation, distribution channels, technology development, and mergers and acquisitions.

Andrew has written 17 books on the legal and strategic aspects of business growth, franchising, capital formation, and the leveraging of intellectual property. He also has published many articles on similar topics and is a frequent keynote speaker at business conferences, seminars, and webinars. He has appeared as a guest commentator on CNN, NPR, and CBS News Radio, among others, and has been interviewed on legal topics by The Wall Street Journal,USA Today, Forbes, U.S. News & World Report, and other publications.

Andrew serves as an adjunct professor in the M.B.A. programs at the University of Maryland and Georgetown University and is a multiple recipient of the University of Maryland at College Park’s Krowe Excellence in Teaching Award.

 Part II: The Consequences Of Rudderless Leadership (The Tao of the Cheshire Cat)



Q: What is the best path to take if a VC which has invested in my company closes down, but we have not exited and are still operating profitably ? What happens to the LLC entity that was formed at the time of investment?  Do we ask the VC for our shares back or buy [...]

This board is on fire!



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As Brad and I are putting finishing touches to the book “Startup Boards”, a friend alerted me to something you don’t see often. A “job posting” for a “Board Member” on LinkedIn !

 

Seeking Board Member Linked in Ad JPEG1 This board is on fire!

 

 

What more, over a hundred people had applied. “Its on fire” as Linkedin points out. Would a startup board member be recruited via an advertisement? Unlikely. Startup boards are driven by (a) relationships  of lead investor (b) skills and experience of the board member. Many times a VC will say “We should have this person on the board because….” Often, the independent board seats go unfilled. As the VCs network tends to be larger, the responsibility of shaping the board defaults to them.  First time CEOs / founders do not necessarily pay much attention in shaping their board – this needs to change (a point we emphasize strongly in this book). Often, the closing of the first round of capital is such a romantic high, or a relief, that CEOs and founders ignore the board structure and its possible dynamics. This comes back to haunt the entrepreneurs later, especially during tougher times.

Here are a few lessons we learn from eGain’s advertisement:

First, define the role: The ad is pithy and succinct. (See full text of this ad: eGain Board Member position description ) The four bullet points you see above summarize the role of the board member. CEO selection and their performance assessment is the primary role of any board member. The secondary role is to assist the CEO in anyway possible. Yet, notice the one and only qualifier: the applicant must have been a C-Level executive in a Global 500 B2C corporation. If a board member has walked in the shoes of a CEO, they know how to support a CEO well.

Cast your net wide: What are some tactics founders use to search for board members ? If you rely only on your network, you may not know what you are missing. As they say, if you do what you have always done, you will get what you always got. If you played with the same people all your life, the game will be predictive. LinkedIn offers interesting ways to search for board members. Mark Rogers, an entrepreneur who often writes about board matters has started a company Board Prospects to help find and recruit board members. Some founders we talked to have used recruiters to cast a wide net. Others have scoured public company 10-Ks to find the best and brightest. The best CEOs recruit a board member, as you would recruit an executive of your team, says ReturnPath CEO, Matt Blumberg. Some of his blogs on boards are worth reading.  

Monitor their performance: So once you hire an executive, good CEOs ask – is this relationship working? Does this person listen and get along with others ? (Chemistry is often the primary cause of disruptions) Do they serve the company ? Or just their own egos? Do they say what they are going to do – and then live up to it? In Startup Boards, we present simple ways to assess your board’s performance. In my book,  ”The Business of Venture Capital” I have a whole chapter highlighting how good VCs add value on startup boards. Finally, if you think a board member is wasting their time and yours, call them out. Your startup is your life – its way too precious to be treated in a cavalier, lackadaisical manner.

eGain’s board member advertisement is short and simple. And its on fire – 124 people are trying to be on its board. As a startup CEO, it offers simple lessons – define the role, cast your net wide and let the best and brightest compete to be on your board.


Part II of Enjoying the Ride: Staying Mentally Fresh



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Guest Post By Marc Barros - One Entrepreneur’s Perspective - (Blogger) 

Staying Mentally Fresh is the second post in a five part series called “Enjoying the Ride.” Comparing a start-up to surfing, this is a simple guide to turn your grueling start-up battle into a more soul fulfilling experience by helping you battle the sets and pick the right waves so you can enjoy the ride.

todos santos surf photography Part II of Enjoying the Ride: Staying Mentally Fresh

“There’s the most extreme consequences in big wave surfing. The idea that you could go out there and possibly drown and die…It’s tragic when it happens, but it’s also sign you were living and taking those chances in life. That’s the greatest feeling in the world.” ~ Greg Long (Big Wave Surfer)

Being an entrepreneur is a choice. Going to work everyday is a conscious decision.  No different than choosing to surf the world’s largest waves you are choosing to navigate a group of people through extreme conditions with the hope of making the world a better place.

So if I’m choosing to do this, why am I so mentally exhausted, stressed out all the time, and deeply afraid that I’ll let everyone down?

Because learning to manage your own psychology is the hardest part of running a company. Constantly overcoming the fear of failure is incredibly hard, especially with mounting expectations from your employees, investors, and customers. The more you succeed, the harder your job becomes. Rand Fishkin touched on this recently in a blog post about the expectation to give 100% of yourself and why it is so hard to run a growing business.

No one wants to fail and if you aren’t mentally prepared for the battle ahead it can crush you into the ground like a gigantic wave.

In running Contour, the only way I survived was by brute force. I didn’t give up. But it doesn’t mean I didn’t almost drive myself or the company off the cliff on several occasions. Not having preconceived notions became my saving grace and finding an outlet other than Contour was the only thing that kept me sane.

Being on the sideline for the first time in a decade is allowing me the opportunity to think about the mental transitions I was going through. They were gigantic, especially for a twenty-something-year-old trying to figure out life while pretending he had everything figured out as a leader. It is true that you will experience things you can’t predict, but I have come to believe that you can prepare yourself mentally to handle the ups and downs so you can actually enjoy the ride.

The following is a guide of how you can be better prepared on a daily basis.

Admit You Have No Idea

“There are a lot of variables of the ocean you can’t control.” – Greg Long

The very nature of a start-up is that it’s built on a series of assumptions and predictions about the future. Assumptions that can be so interconnected that if one thing changes, it has the potential to disrupt everything you have built. This can turn team momentum into disappointment, looking as if you would lie to them about the predictions of the future.

The minute you admit “you have no idea what is going to happen,” is the moment a huge weight gets lifted off of your shoulders. Instead of feeling you have to have all the answers you can galvanize a whole organization into helping you think about solving the problems the company faces. Instead of becoming plans of stone, they become plans that adjust to the actual conditions at hand. And instead of everyone feeling like you let them down, they can pivot to think about how to solve the new problems.

No doubt “change” in a start-up adds an incredible amount of stress on the organization and the individuals involved. But no different than surfing, the only thing you can count on is that the ocean constantly changes. Admitting you have no idea which way it will change, not only lifts the collective stress off the organizations, but shifts everyone’s mentality to helping understand the changing tides.

Turn Off the Distractions
You know that anxious feeling you get when you can’t stop touching your phone in anticipation of the next tweet, email, text, Skype, Facebook, or phone call? The small rush of excitement you get in anticipation of figuring out who reached out and why?

It’s called not being present.

Quote Marc Barros 2  300x51 Part II of Enjoying the Ride: Staying Mentally FreshAnd when you aren’t, you miss the ride, your work suffers, and people don’t want to be around you. Your significant other probably calls you out the most, but being present is one of your most important jobs. Yes, communicating is an important part of your job and there are times when checking email, twitter, etc are part of your day. BUT, you already have an incredible amount of inputs coming in on a minute-by-minute basis so turning off your twitter feed, closing your email, and putting your phone on silent will enable you to be present. If you have issues you can’t stop thinking about then write them down and leave them there until you have time to come back and deal with them.

Especially two hours before going to bed, turning off all the electronic distractions in your day will help you sleep so you can be fresh to tackle the day ahead.

Find Someone to Talk to
Figuring out who you can and can’t talk to is a painful process to go through. Even more painful is to learn that if you talk too much people start losing confidence in your ability to lead.  Especially if you don’t have any other outlet than the people involved with your business.

It was 2008. My mom had just passed away from 15 years of fighting breast cancer, I recently broke up with my girlfriend of three years, and the economy was tanking. I was a train wreck ready to hit the wall at a hundred miles per hour. I had no idea I even needed help and instead I bottled everything up and pushed the train even faster. Putting in more hours and taking on more responsibility than ever. And then I got lucky. Into my life walked someone who taught me how to open up. She became someone I could talk to about everything I was going through. Someone who didn’t judge me or try to answer my questions. She just listened.

Every entrepreneur needs someone they can talk to. It doesn’t have to be a significant other or even a friend. It can be a professional, but most importantly find someone you trust, who listens well, and understands how to deal with complex relationships. Brad Feld talks openly about professional help for entrepreneurs in his recent book, “Startup Life – Surviving and Thriving in a Relationship with an Entrepreneur.” Brad has worked with a lot of start-ups and is a strong believer that entrepreneurs need someone to talk to, especially a professional who is focused 100% on helping them talk through the challenges they face both with the company and their personal life.

Bottling everything up only compounds the pressure you are under.

There Is Life Outside of Work
Running a company is incredibly lonely, but it doesn’t mean the rest of your life has to be. My family would find it ironic I’m not admitting this, but there are people who care about your well being outside of work. People who aren’t looking for you to constantly be on or lead them. People who just like being around you and care a lot about you.

Spend time with your friends, family, and significant others. You let them in your life at one point because you enjoy them, so go enjoy them.

When we start a company one of the things we believe is it will give us an incredible amount of flexibility to work where we want, when we want. Instead we replace that dream with working everywhere, all the time. Part of unlocking your own creative energy is enjoying life’s pleasures. It is okay to go ride on a powder day. It is okay to go surfing in the afternoon. It is okay to take Friday off to hang out with your family. Taking time off to make life less predictable is one of the best ways I have found to stay fresh.

I wish I hadn’t spent my twenties behind a laptop.

P.S. There is a great interview of Greg Long, infamous Big Wave Surfer, talking about fear and how he overcomes it to surf the largest waves in the world. It is 20 minutes, but it’s not only inspiring, but very related to the challenges of building a company. (http://vimeo.com/channels/surfprevention/51117940)

Image Credit: Nathan Gibbs  via Creative Commons

 

marcBarros Part II of Enjoying the Ride: Staying Mentally Fresh

My Purpose
I am an entrepreneur. A creator. A builder. I want to build companies that make the world a better place, one product at a time. I have come to believe that if you let life unfold itself, you will experience it like never before.

Contour
My first start-up and therefore my first love. I co-founded Contour in a garage almost ten years ago and was fortunate enough to have lead the company from inception to a multi-million dollar business with hundreds of thousands of customers around the world. I am most proud of the award winning products we create, which are thoughtfully designed and incredibly easy to use. Contour.com

Contact Me
marc.barros@gmail.com
@marcbarros




A few years ago, Groupon had the distinguished title of “Best. Unsubscribe. Ever.” They’ve since changed it, but thanks to YouTube, you can see a version of what it used to look like: Can’t see the video above? Try watching on YouTube. Pretty awesome, right? But the days of Groupon being #1 are over. There is [...]


Public Events For 3.25.13 – 3.31.13



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HubWorkbench Logo Public Events For 3.25.13   3.31.13Register

Hub Ventures Open Sessions: Surviving and Thriving in a Relationship w/ Brad Feld
When: Tues, March 26th, 2013 @ 7pm – 8:30pm
Where: HUB San Francisco, Mission Wing 901 Mission Street San Francisco, CA 94103
Description: This fireside chat is the first HUB Ventures Open Session, co-presented with HUB Workbench. It is an opportunity to sit in on an exciting event and observe the program and entrepreneurs in action.  Outside participants are asked to reserve the seats in the front for the Hub Ventures participants and to hold questions until the end.
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Wallstreetjournallogo Public Events For 3.25.13   3.31.13        Register
Ask the Accelerators: Naval Ravikant, Brad Feld and Shafqat Islam 
When: Thurs, March 28th, 2013 @ 3pm EST
Where: Online
Description:Working on a startup and need expert advice? Join a live chat Thursday, March 28, at 3 p.m. EST with The Accelerators mentors Naval Ravikant, founder of AngelList; and Brad Feld, co-founder of Foundry Group; plus guest mentor Shafqat Islam, co-founder and CEO NewsCred.

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BoulderBookStorelogo Public Events For 3.25.13   3.31.13                Register: N/A

Brad Feld and Amy Batchelor: “Startup Life” Community Hours
When: Fri, March 29th, 2013 @ 4:15-6:30pm
Where: 1107 Pearl Street – Boulder, Colorado
Description: Come see Brad and Amy during their “Office Hours” at Boulder Book Store! No appointment necessary. Drop in, (buy a book), (get it signed), ask questions, get feedback, or just say hi.
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Startup Communities - Chapter 3