#iMarch

Yesterday and today we are conducting a virtual march on Washington to let our elected officials know that the time has come for comprehensive immigration reform.

If you are of the opinion that we ought to keep things as they are now, stop right now. This post and this march is not for you.

But if you are open minded about your fellow man, if you want the US to remain a nation of immigrants where we open our arms and borders to good people who want to come here, build a family, build a life, build a company, pay taxes, defend our country, etc, etc, then please join this march.

Last night I attended a #iMarch event at Appnexus and talked with Brian O'Kelly about immigration reform and why it is important. After I left I saw a number of tweets from that event that I thought I'd share with all of you this morning.


#Politics

The IPA

No, I am not blogging about India Pale Ale, although I must say that I am a big fan of it.

I am writing about one of the best patent hacks I have seen in the decade that I have been working to find relief from the ridiculous patent system in our country.

Twitter came up with a concept last year called the Innovator's Patent Agreement (IPA) and put a draft IPA up on GitHub. They have gotten a ton of feedback and have iterated and improved the concept since then.

The basic idea of the IPA is that it is a contract between Twitter and the engineer(s) and designer(s) who developed the IP. The contract says that Twitter will not use the patent offensively nor will anyone who acquires the patent from Twitter. It goes on to say that Twitter or a subsquent owner could use the patent offensively with the engineers' and/or designers' approval.

Twitter announced yesterday that it had entered into an agreement with Loren Brichter, the author of the pull to refresh patent that will subject that patent to an IPA. They also announced that they will subject all of their patents to the IPA. They went on to say that Jelly, Lift, StackExchange, and Tell Apart have agreed to adopt the IPA for all of their patents.

USV has been talking to our portfolio companies about the IPA since Twitter posted it last year. They all know we are big fans of it and we hope they will choose to adopt it for all of their patents. We will not do more than that however. Our portfolio companies are independent of USV and can make up their own minds about their IP strategies.

That said, I would expect to see other USV portfolio companies join StackExchange on this IPA parade.

Twitter is an amazing company and I am very proud to be associated with it. The fact that they would take this extraordinary step and then show leadership in the industry to get others to join them is a testament to that. It's a proud day for Twitter and for me.

#VC & Technology

Native Advertising Event

This Thursday from 1pm to 6pm, our portfolio company Zemanta is co-hosting a summit on native advertising here in NYC. 

I've written and spoken a fair bit about native advertising so regular readers will likely be quite familiar with this topic. However, from what I am seeing out there, native advertising is really hitting its stride as social platforms and mobile consumption become the norm. If you are a marketer or an entrepreneur working in the advertising/marketing space, you should be paying attention to this trend.

I will be kicking off the event at 1pm with a brief talk and some Q&A.

If you want to go, here is a link to get a 50% discount on the event for readers of AVC.

This is Internet Week in NYC and I am making a number of public appearances in addition to this native advertising summit. Here's the whole shebang:

Last night – introducing the Gotham Gal at the MOUSE 15 Annivesary Event

This morning – Opening the CMSummit with John Battelle at 9:10am

Wednesday evening – March For Innovation (immigration) event at AppNexus with Brian O'Kelly

Thursday mid-day – The Native Advertising event

Thursday at 4:30pm – OpenCo Festival event with John Battelle and Dave Morgan at Simulmedia

It's a busy week but with a Vespa scooter and a mind full of things to say, it shouldn't be too hard. I hope to see you all around town this week.

#NYC#VC & Technology

Success Has A Thousand Fathers

Back in the early days of AVC, I did a thing called VC Cliche Of The Week. There was an RSS feed of all of them powered by Delicious, but it is broken and most likely can't be fixed. You can find some of them on gawk.it.

One of the cliches I posted about is "success has a thousand fathers." I thought I would re-run that post. Here it is.

——————————————————————————————

You can count on it – when a deal works out spectacularly everyone involved will take credit for it.

This behavior is particularly annoying to the entrepreneurs who put the sweat, blood, and tears into the Company.

They watch the VCs take credit for the big success and it grates on them.

I have a couple rules that I try very hard to live by in this regard:
1- the management team always gets the credit.  VCs don't do the dirty work and should not get the accolades when things work out.
2 – don't gloat.  it's not becoming.  humility in times of great success is a very becoming characteristic.

But it's really hard to follow these rules when things work out well.  Because success doesn't come that often, and when it does, it has a thousand fathers.

#MBA Mondays#VC & Technology

Congratulations Indiana

We talk a lot of NBA basketball in the comments but I don't post about it. This blog is supposed to be about startups and tech, for the most part. But the Knicks lost last night in Indiana and my season is over. I will root for the Grizzlies and the Pacers now but I doubt I will watch many games.

This photo sums up the Knicks Pacers series. Actually it sums up the entire season for me.

Roy and melo

Carmelo Anthony is an incredible talent. He has upped his defensive game in the past year and he carried the Knicks as far as he could. But he doesn't have a second superstar at his side and he could not beat Indiana all by himself.

Roy Hibbert played a great series. In the end, Roy and the Pacers were too much for Melo.

I went to something like twenty five Knicks games this year, almost all of them with my son Josh. I had a great time. We saw some incredible games. And I remain a diehard Knicks fan. My season is over.

I wish Roy and his mates the best of luck with Miami. I will be rooting them on.

#Sports

Fun Friday: Morning Joe

It feels like its been a while since we did a fun friday around here. So here goes.

How do you like your morning cup of coffee?

I go with the Cortado, ideally in a shot glass. Here's one from Kava, the coffee shop near my home in the far west village.

Cortado

So how do you take your morning cup? Photos please.

#Food and Drink

S4 Running Stock Android

Google announced so many things yesterday that it makes my head spin. Goodness all around in Google land.

But there is one thing that really caught my eye. Google will start selling a Galaxy S4 running "stock android" in the Play store on June 26th.

S4 running stock android

When folks ask me what Android phone to buy, I am always torn between the S4 which I believe to be the best Android handset in the market right now and the Nexus 4 which runs stock android but has no LTE support (the phone I currently use).

Now, or at least in a month or so, I will have a good answer. Get the S4 running stock android. If you can afford it. It's $650 unlocked.

#mobile

A Day Late And A Dollar Short

So RIM has decided that it is time to make Blackberry Messenger (BBM) cross platform. They announced yesterday that by this summer BBM will be available on iOS and Android.

The time to do this was in 2008/2009 when BBM was huge and everyone was on it. The core users were beginning to leave for iOS and eventually Android and if RIM would have let them take BBM with them, they would now own the biggest cross platform messenger out there. BBM is great and everyone knew how to use it and was comfortable with it.

But RIM execs waited four years to make this move. When BBM hits iOS and Android this summer, they will face dozens of cross platform apps that people use to message each other, one of which is in the USV portfolio. My bet is this won't help RIM or BBM much at this point.

This is a classic case of the innovator's dillemma. RIM felt that letting BBM out in the open would make it easier for Blackberry users to leave. So they kept it proprietary. For way too long. Now they no longer have a dominant smartphone franchise or a dominant mobile messenger franchise.

You cannot fight innovation and opening markets. You have to go with the flow and adapt to the new reality.

#mobile#stocks

Losing The Team

Boards can be pretty patient. They can put up with a lot of failings, particularly in the early days of a startup when the product isn't where it needs to be. But one thing a Board cannot tolerate is when a CEO loses the confidence of the team.

I feel that I must say this because I know that many folks in our portfolio read AVC. This is not a post about any specific company or any CEO or any team. This is just a statement of fact that I wanted to put out there because I was thinking about it.

If I think about the times I have had to remove a CEO, by far the most common reason was the loss of confidence of the team in the CEO. You get the call from one of the senior team members. They tell you that they are going to leave and so is everyone else on the senior team unless you do something about the leader. It is a palace coup. No guns are fired. But the boss has to go. And so he or she does. No Board can ignore that call.

So if you think the Board is the most important group you need to manage, you are dead wrong. The most important group you need to manage is your team. If you lose them, you lose your job.

#management