Posts from Boulder Colorado

Two Must Read Books For The AVC Community

There are many themes that grace this page from time to time. Two of the most common are the rise of startup communities and the role that the Internet can play in allowing society to governing itself. And there are two books out this week that are must reads on these two topics. Further and in full disclosure, they are written by two very good friends. No conflict no interest as it were.

Let's start with Startup Communities by Brad Feld. I met Brad in 1996. He had just moved to Boulder Colorado and was going to help build a startup community there by building a market leading VC firm in Boulder. Sounds audacious? Yes. But he did it. As I was working on the same idea for the past sixteen years in NYC, I was able to watch a parallel universe forming in Boulder with Brad at the center.  In Startup Communites, Brad tells us what he's learned from that experience and how the same thing can be done elswhere. If you want to create a Boulder or NYC tech scene in your community, this is your roadmap, bible, and textbook. You can get it on Kindle today and or pre-order the book for delivery next week.

On to Future Perfect by Steven Johnson. Back in the Spring, Steven emailed me a draft of this book. I put the PDF on my Kindle and started reading. I found myself yelling Yes, Yes, Yes as I was making my way through the chapters. I know most, if not all, of the stories in this book. I have been involved in some of them and have followed the others closely. Those stories tell me that there is a "case for progress in a networked age" and Steven makes that case as only he can, by telling the stories brilliantly and then wrapping the meaning of them together in a crisp, cohesive, and easy to understand narrative that leaves you with a framework to take out in the world. You can get Future Perfect on Kindle or in hardback right now as it was published earlier this week.

The comment thread on my Get Out The Vote post a couple days ago was downright depressing and full of anger and cynicism. So for all of you and everyone else, here is a short 3 min video from Steven talking about the ideas in his book and where they are going. If you need a shot of optimism this morning, watch it.

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Why You Should Start A Company In NYC

Fast Company is doing a five part series on startup hubs outside of Silicon Valley. Part one was Boulder, Colorado, featuring my friend Brad Feld. I know there is a piece coming on Seattle and two other cities that I can't recall right now.

Part two was published yesterday and is about NYC. I talked to Laura Rich last month and she did a great job of capturing my thoughts on why you should start a company in NYC.

If you are in the startup sector in NYC or are thinking of relocating here to do a startup, you should read the piece.

I'd like to highlight one part of the article. Startup hubs take time to develop. You do need infrastructure and that takes time to build, but more importantly, you need mentors and role models. And that's what we have now in NYC that we didn't have ten years ago:

we're into the second decade now, and what the second decade is really turning out to be is serial entrepreneurs who've done it one, two, three, sometimes four times now, who can bring teams together very quickly, often teams that have worked together very quickly, can get on opportunities fast, can get money raised fast, can build companies pretty fast.

And now you have role models. So the first time entrepreneurs can find angel investors. It's exactly what has been going on in Silicon Valley for three, four decades now. Marc Andreessen becomes hugely successful, makes a bunch of money, becomes an angel investor, backs a bunch of people, mentors them, becomes a VC. That migration path is now playing out here in New York, and so most of the investments we do at the first angel-round stage is ourselves and a bunch of serial entrepreneurs in New York who are now making twenty-five- to fifty-thousand dollar investments as angels in these companies, sometimes acting as informal advisers and mentors to the first-time entrepreneurs.

So now we have the best of both worlds. We can back first-time entrepreneurs and have mentors and role models for them and we have those role models in their second, third, and fourth startups and that's the magic–that creates a sustainable startup economy that Silicon Valley has had for four decades now. We're three or four years into our second decade and I think it's going to be a great period for New York. I feel like we have just taken it to another level sometime in the past couple of years.

I'm very pleased to see Fast Company highlight startup hubs like NYC, Seattle, and Boulder. All three cities have nicely developing startup communities that are poised to produce some big companies in the coming years. Entrepreneurs and developers don't have to move to Silicon Valley to chase their dreams anymore. They've got options to fit their work to their lifestyle. And that's a good thing.

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