On March 16, 2016, Denver’s 10.10.10 Speaker Series hosted David Brunel, CEO at Biodesix. The crowd at Industry was a broad selection of Colorado entrepreneur and healthcare advocates, many of whom are also volunteers for the 2016 10.10.10 program focused on...read more
10 Proven CEOs; 10 Wicked Problems; 10 Days in Denver!
Last night, I attended the kickoff for the 2016 version of the 10.10.10 program at Galvanize – Golden Triangle in Denver. The program is designed to bring a large, diverse group of experts from around the country to Denver for 10 days to rapidly evaluate a set of difficult problems and find solutions.
Like the 2015 inaugural program, the 2016 version will focus on health.read more
The discussion about a bubble have continued for over a year and with the early 2016 drop in worldwide stock prices and economic sentiment, many folks are weighing in on what it means to venture fundraising and how companies should react. Here is a brief summary of three recent articles on the topic.
In Dear Startup: Here’s How to Stay Alive by Heidi Roizen in her Adventures in Entrepreneurship! blog tells entrepreneurs the game has changed, tough times are here, and it’s time to hunker down and extend your runway.
“When a market turns, we tend to see the signs earlier than the entrepreneurs working on the front lines. This market? I’d say it has turned. It is going to be hard (or impossible) for many of today’s startups to raise funds. And I think it will get worse before it gets better”, Roizen states.
Here is Roizen’s list of behaviors for staying alive when funding goes dark:read more
Getting the most from scarce resources is the key to success for every startup. This often comes down to how to get the best people to do the right things at the right time. Unfortunately, with limited cash, a need to spread ownership thinly, and a huge list of things to get done, early stage companies are challenged with getting the right skills in the right quantities.
First of all, let’s examine the resources available to recruit and motivate people and then explore a few different ways to apply these scarce assets.read more
Risk and risk tolerance are important concepts for entrepreneurs and investors. Many people believe early-stage investors, venture capitalists, and successful company founders are people willing to accept a high degree of risk. I’ve found this to be far from the truth and, in fact, most often value is created by those intensely focused on identifying and efficiently managing risk.
In this five-part series on managing risk in high-growth technology companies, we’ll cover:
- Defining risks around Product/Market Fit
- Execution and Scaling Risks
- Identifying and quantifying risks
- Risks management strategies
- Prioritizing and optimizing risk exposure
Articles Worthy of a Growth Manager’s Time How to Dodge Company Breakdown as You Scale By Christa Quarles, CEO of OpenTable Let’s begin with a wonderful article by Christa Quarles, the CEO of OpenTable found on First Round Capitals’ tremendously successful Review...read more
It was near the end of the third day of our annual planning meeting. Matt joined the meeting late, listened for a few minutes as we tightened up the language around our big objectives for the year. As he took control of the meeting, Matt described the opportunity in front of us and asked each of us to go to the board and write what we thought our revenue goal for the year should be.
We’d just grown annual revenue from $8.6 million to over $20 million. Our bottom-up planning approach suggested adding $15 million on top of the $11 million added last year would be challenging, but doable. Doubling was possible, at least according to the arithmetic…read more
Business Book Review
Verne Harnish’s classic business book, Mastering the Rockefeller Habits describes how small and medium sized business can build and maintain growth for the long term. Written in 2002, (Scaling Up from 2014 covers much of the same grounds while incorporating new ideas and a fresh organization) Harnish described several methods he has used to help companies create a unique identity and…read more
Being a highly-prized unicorn can be tough. Alan Patricof, co-founder of venture capital firm Greycroft Partners, said there could be troubled times ahead for startups that have so far been much loved by flush investors. When these unicorns that have only one exit...read more
$1 billion. Yes, that’s a big number, but it’s not as valuable as $1 billion was in 1999 or even last year, so why the special name for private companies reaching this valuation? Brad Feld suggests the push for a billion dollar valuation may not be the best way to create long term value and may very well leave the employees and investors with much lessread more
Land of Cotton by Bryan Kennedy from the Dis-Connected Album Dis-Connected album for sale by Bryan Kennedy was released Jun 26, 2012 on the Cd Baby label. With influences ranging from country giants like; Johnny Cash and Merle Haggard and the quick witted brilliant...read more
At 64 Diana Nyad makes her 5th attempt to swim the seemingly impossible path across the Gulf Stream from Cuba to Florida. Listen as she talks about her motivation, the challenge, why, and what it meant to...read more
Courtesy of the Ole Miss YouTube Channelread more
The lessons learned from participating in sports and being on a team have broad applications across our live and careers. This has been an interest of mine since I entered the workforce and over the next several weeks I’m going to put together a few articles about...read more
Ello announces funding, public benefit corporation conversion and promises to never sell ads or user data in a letter to users. The Foundry Group, Bullet Time Ventures, and FreshTracks Capital provided the funding. Seth Levine from Foundry will be joining the board...read more
In 2014, Colorado companies continue to attract VC funds at a good clip according to the Denver Business Journal reporting on a study by PWC and the NVCA. “In the third quarter alone, the state recorded 17 VC deals valued at $167.1 million, down from the 22...read more