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Over the years, I've been involved in many business crises. I qualify this, since my crises have never involved life and death or the survival of the human race. But they are still crises.
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I often get asked how I write so much. As any writer knows, the answer is to write a lot more than you actually publish.
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Twitter has always been that refreshing place where I can quickly find out what is going on in my tech world. I follow mostly entrepreneurs and VCs - some who I know and some who I don't know. I have a few companies in my feed. But no newspapers, no magazines, and no mainstream media.
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Immigrants have historically been an entrepreneurial bunch.
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December used to be very difficult for me. For many years, I fought the transition to the new year, was generally exhausted at the end of the year, and just wanted to hide. I described myself as a 'cranky Jewish kid who felt left out by Christmas.'
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I'm glad I get to live in the United States of America.
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When the entrepreneur is obsessed with the product and the company has organized all of its activities around that, it's very powerful.
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I'm a huge believer in the importance of vacations for leaders, entrepreneurs, and everyone else. I work extremely hard - usually 70+ hours a week.
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I talk often about being intrinsically motivated by learning. It's the primary driver of most of my activity.
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If you sell a physical product, you have a lot of Q4 upside and unpredictability, but now you have to manage your cash to get to Q4 so that you can invest in building inventory to over-perform.
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In my world, historical revenue is the least interesting thing to consider in an acquisition strategy.
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When I think about the books I've written, it probably takes 150,000-200,000 words to get a 50,000 page book. Highlighting something and hitting Cmd-X is second nature.
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Kauffman Fellows is not necessarily for people just entering the venture industry but for experienced VCs looking to accelerate their growth. The program is centered around established innovation leaders - if you are looking to grow and become a better investor, you should think about doing this program.
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Usually, the first three months post acquisition are up and down. The acquirer and the acquiree are trying to figure out how to interact. The founders of the acquiree are usually tired from the deal process and adjusting to their new reality.
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If you aren't going to make your revenue plan, it's unlikely you'll make your EBITDA or Net Income plan. You don't even have to get complicated and look at Gross Margin or more derivative metrics - if you are off in Q1 and have any sort of growth expectations , you are going to miss for the year.
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Some Sundays, I read it quickly - other Sundays, I savor it. I generally spend most of my time in 'The New York Times Book Review,' 'Sunday Business,' 'Sunday Review,' and 'The New York Times Magazine.' I turn all the other pages, only stopping when I find a headline that interests me.
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I have trouble sleeping maybe one night a year. On that special night, I get up and read on the couch until I fall asleep.
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In 2016, you no longer have to be in Silicon Valley to launch a successful startup. Colorado is home to many.
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I've been traveling more and feel like I've figured out a comfortable way to do it. The biggest shift is that I spend my traveling time 'in the moment,' I don't over-schedule when I'm somewhere and instead focus on longer time with less people. I also give myself plenty of me time on the road.
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Silicon Valley has been developing as a startup community for over 60-70 years. This notion that you can create something in two or five years is foolish.
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I'm not deeply involved in politics, but about 25% of the people I interact with in politics went to law school.
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While I'm a venture capitalist who invests in early-stage tech companies, I often feel like a professional emailer and conference call maker.
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In the mid-to-late 1990s, I was an entrepreneur-in-residence at the Kauffman Foundation working with Jana Matthews on 'learning programs for high growth entrepreneurs.'
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I'm always fascinated by the dedicated monitors in a hospital. Non-standard cables, funny button shapes, odd LED colors, and lots of extra controls.