5 Ways to Spot Trends That Will Make You (and Your Business) More Successful
5 Ways to Spot Trends That Will Make You (and Your Business) More Successful
I’ve recently started writing a column for The Magill Report, the new venture by Ken Magill, previously of Direct magazine and even more previously DMNews. Ken has been covering email for a long time and is one of the smartest journalists I know in this space. My column, which I share with my colleagues Jack Sinclair and George Bilbrey, covers how to approach the business of email marketing, thoughts on the future of email and other digital technologies, and more general articles on company-building in the online industry – all from the perspective of an entrepreneur. Below is a re-post of this week’s version, which I think my OnlyOnce readers will enjoy.
Last week I published my annual “Unpredictions” for 2011. This tradition grew out of the fact that I hate doing predictions and my marketing team loves them. So we compromise by predicting what won’t happen.
But the truth is that the annual prediction ritual – while trite – is really just trend-spotting. And trend-spotting is an important skill for entrepreneurs. Fortunately it’s a skill that can be acquired, at least it can with enough deliberate practice (another skill I talk about here).
Here are five habits you should consider cultivating if being a better trend spotter is in your career roadmap.
Read voraciously. I read about 50 books every year. About half of them are business books, and I also mix in a bit of fiction, humor, American history, architecture and urban planning, and evolutionary biology. I keep up with more than 50 blogs and I read all the trade publications that cover email. I also read the Wall Street Journal and The Economist regularly. What you read is a little less important than just reading a lot, and diversely.
Use social media (wisely). Julia Child once said that the key to success in life was having great parents. My advice to you is quite a bit simpler: make friends with smart people. Facebook, Twitter, LinkedIn and others have given us a window into the world unlike any other. Status updates, tweets, and – maybe most important of all – links shared by your network of friends and colleagues gives you a sense of what people are talking about, thinking about and working on. And you can’t just lurk. You actually have to be “in” to get something “out.”
Follow the money. Pay attention to where money gets invested and spent. This includes keeping an eye on venture capital, private equity, and the public markets, as well as where clients (mostly IT and marketing departments) are spending their dollars and what kinds of people they are hiring. Money flows toward ideas that people think will succeed. A pattern of investments in particular areas will give you clues to what might be the big ideas over the next five to 10 years.
Get out of the office: I think it’s hugely important for anyone in business, and especially entrepreneurs, to spend time in the world to get fresh perspectives. I’m not sure who coined the phrase, but our head of product management, Mike Mills, frequently refers to the NIHITO principle – Nothing Interesting Happens in the Office. Now that’s not entirely true – running a company means needing to spend a huge amount of time with people and on people issues, but last year I traveled nearly 160,000 miles around the world meeting with prospect, clients, partners and industry luminaries. You don’t have to be a road warrior to get this one right – you can attend events in your local area, develop a local network of people you can meet with regularly – but you do have to get out there.
Take a break. While you need information to understand trends, you can quickly get overloaded with too much data. Trend spotting is, in many ways, about pattern recognition. And that is often easier to do when your mind is relaxed. Ever notice that you have moments of true epiphany in the shower or while running? Give yourself time every week to unplug and let your mind recharge. As Steven Covey says, “sharpen that saw”!
Inbox = Zero = Satisfying (Quasi Book Short)
Inbox = Zero = Satisfying (Quasi Book Short)
I’m a big David Allen fan. Amazingly enough, I haven’t blogged about him and his books yet, probably for the most part because I read the books before I started blogging. But here they are. The first one, Getting Things Done: The Art of Stress-Free Productivity, is probably a little better than the sequel, Ready for Anything: 52 Productivity Principles for Work and Life, but both are worth reading. When I first read them, they didn’t revolutionize my thinking about productivity and workflow management (I was already at least decent at those things), but they did really sharpen my thinking around the edges and give me a great framework to plug all my to-do lists into.
One of Allen’s great principles is Inbox = Zero…that in an email-centric office, you should try to completely empty out your Inbox at the end of every day. Every item should have its home, even if that home is a “Will handle tomorrow” or “Waiting for Susie” folder.
Anyway, I usually get pretty close to Inbox = Zero, but the times I actually achieve it are few and far between. This morning was one of those times. It’s just incredibly satisfying.
Of course, it only lasted 8 minutes.
How Much Marketing Is Too Much Marketing?
How Much Marketing Is Too Much Marketing?
It seems like a busy holiday season is already underway for marketers, and hopefully for the economy, shoppers as well. Just for kicks, I thought I’d take a rough count of how many marketing messages I was exposed to in a given day. Here’s what the day looked like:
5:30 a.m. – alarm clock goes off with 1010 WINS news radio in the middle of an ad cycle – 2 ads total. Nice start to the day.
5:45-6:30 – in the gym, watching Today In New York News on NBC for 30 minutes, approximately 6 ad pods, 6 ads per pod – 36 ads total. So we’re at 38, and it’s still dark out.
7:00 – walk to subway and take train to work, then walk to office from subway. Probably see 6 outdoor ads of various kinds on either walk, then about 8 more on the subway within clear eyeshot – 20 ads total.
7:30 – quick scan of My Yahoo – 2 ads total.
7:32 – read Wall St. Journal online, 15 page views, 3 ads per page – 45 ads total.
7:40 – Catch up on RSS feeds and blogs, probably about 100 pages total, only 50% have ads – 50 ads total (plus another 25 during the rest of the day).
7:50 – Sift through email – even forgetting the spam and other crap I delete – 10 ads total (plus another 10 during the rest of the day).
8:00-noon – basically an ad free work zone, but some incidental online page views are generated in the course of work – 25 ads total, plus a ton of Google paid search ads along the way.
Noon-1 p.m. – walk out to get lunch and come back to office, so some outdoor ads along the path – 12 ads total.
1-7 p.m. – same work zone as before – 25 ads total, plus lots of Google.
7 p.m. – walk to Madison Square Garden to see the Knicks get clobbered by Milwaukee, see lots of outdoor ads along the way – 20 ads total.
7:30-9:30 – at the Garden for the Knicks game, bombarded by ads on the scoreboards, courtside, sponsorship announcements, etc. Approximately 100 ads total (and that’s probably being exceptionally generous).
9:30 – subway ride and walk home – 14 ads total.
10:00 – blitz through episodes of The Daily Show and West Wing in TiVo. 8 minutes of :30 advertising per half hour, or 48 ads total, fortunately can skip most of them with TiVo.
11:00 – flip through issue of The New Yorker before bed – 50 ads total.
Total: 492 ads.
I’m sure I missed some along the way, and to be fair, I am counting the ads I skipped with TiVo — but hey, I’m also not counting all the ads I saw on Google, so those two should wash each other out. On the other hand, if I drove to and from work in California, I’d have seen an extra 100 billboards, and if I read the New York Times print edition, I’d have seen an extra 100 print ads.
Approximate cost paid to reach me as a consumer today (assuming an average CPM of $10): just under $5. Sanity check on that — $5/day*200 million Americans who are “ad seers”*365 days is a $365 billion advertising industry, which is probably in the right ballpark.
What are the two ads I consciously acted on? An offer from LL Bean through email (I’m on their list) for a new fleece I’ve been meaning to get, and a click on one of the Google paid search results. No doubt, I subconsciously logged some good feelings or future purchase intentions for any number of the other ads. Or at least so hope all of the advertisers who tried to reach me.
What’s the message here? A very Seth Godin-like one. Nearly all of the marketing thrown at me during the day (Seth would call it interrupt marketing) — on the subway, at the Garden, on the sidebar of web pages — is just noise to me. The ones I paid attention to were the ones I WANTED to see: the email newsletter I signed up for from a merchant I know and love; and a relevant ad that came up when I did a search on Google.
Brand advertising certainly has a role in life, but permission and relevance rule the day for marketers. Always.
Book Short: The Subtle Art of Not Giving a F*ck
This was a catchy title I caught in our shared Kindle library at a moment when I wasn’t connected to wifi and had nothing to read. Thanks to Mariquita for buying it…it was a good read.
The book is funny, irreverent, and deep. It speaks a lot about pain and failure and how those can help create resilience. It is also chock full of great anecdotes including a particularly memorable one about Pete Best, the original drummer for the Beatles who got fired by the rest of the band on the eve of their becoming famous.
Here’s one particularly representative quote:
Pain is an inextricable thread in the fabric of life, and to tear it out is not only impossible, but destructive: attempting to tear it out unravels everything else with it. To try to avoid pain is to give too many fucks about pain. In contrast, if you’re able to not give a fuck about the pain, you become unstoppable.
Every founder would benefit from reading this book. It won’t stop you from giving a f*ck about everything (it can’t), but it might give you a couple tools for not giving a f*ck about some things, which would clear up some mental capacity for other more important things!
Reboot – Founders’ Dinner
Brad wrote a fun post a couple years ago about rituals, including one about The Annual Dinner that he and Amy, Fred and Joanne Wilson, and Mariquita and I have been having not quite annually for almost 15 years now. His most poignant comment (other than that apparently he and I are both getting larger and greyer in sync with each other) is about the power of marking the passage of time together with the same group of people. We have a similar tradition at Return Path that’s worth noting in the context of my reboot program since it happened a few weeks ago and was part of the reboot cycle.
On the first anniversary of Return Path’s founding, I took my co-founder Jack Sinclair and our first two colleagues, Matt Spielman and Alexis Katzowitz, our to lunch where we shared lessons learned from the past year at the company and predictions for the company in the coming year with each other. Jack, George Bilbrey, and I continued doing an end-of-year meal tradition with those two conversation topics for over a decade. The last three years, since Jack left to join Stack Overflow, George and I have continued the tradition on our own. Although some of our conversation every year isn’t really for public consumption, I’ve always regretted not blogging some highlights of it. The tradition is a very powerful one of reflection and retrospective, which is deeply ingrained in Return Path’s culture, as a means of continuous improvement through renewal and refreshing.
Last month, we came up with a few good lessons learned that are featuring in my reboot. Here they are:
- Growth covers up a lot of weaknesses. While we still have a healthy growth rate as a company, it’s lower than is used to be – as is the case for all companies as they grow and face the law of large numbers. What’s interesting, though, is how many weaknesses growth can cover up that start getting exposed as growth slows. Think of it as an analogy to Technical Debt, call it Organizational Debt. It’s the accumulation of small decisions over time to take an expedient path on a particular item. It’s the “oh, we’ll throw a body at the problem now and automate the solution later” type thing that never gets automated, then gets compounded when the hired body needs to be replicated, then managed, then turned into a department. You get the idea.
- Executive playbooks must be applied flexibly. As is true of many growing companies, we’ve hired a number of outside senior executives over the last few years. Some have worked out and others haven’t. One thing we’ve learned, though, is that there’s a bit of a myth sometimes around the “I have the playbook” claim, the same way there’s a myth around hiring sales people who claim “I have a Rolodex” (or whatever the current version of that is). Every company is unique, even in the same space. Every situation is unique. What makes an executive great is the ability to take learnings and experiences from prior roles and companies, both good and bad, and apply them thoughtfully to new situations, not the ability to run the same play over and over again in exactly the same way. Sure, there are core business processes or systems that can be applied consistently, but most of those don’t require senior executive expertise.
- Know the job your customer is hiring you to do and what the alternatives are. This is contemporary product management language, but it really rings true. No matter who you are, no matter what job you do, you have a customer. That customer is paying you something for a reason. That money could go somewhere else. Keeping that reason top of mind (and understanding when and why and how it shifts) is critical to developing the right solutions.
George, thanks for a decade and a half of reflections together (among other things!).
Everything vs. Anything
I heard two great lines recently applied to CEOs that are thought provoking when you look at them together:
You have to care about everything more than anything
and
You can do anything you want but not everything you want
Being a CEO means you are accountable for everything that happens in your organization. That’s why you have to care about everything. People. Product. Customers. Cash flow. Hiring. Firing. Board. Fundraising. Marketing. Sales. Etc. You can never afford not to care about something in your business, and even if there’s a particular item you’re more focused on at a given point in time, you can never get to a place where you care about any one particular thing more than the overall health of the business.
But caring is different than doing. As a CEO, even if you’re hyper productive, you can’t do everything you want to do – and you shouldn’t. Others in your organization have to take ownership of things. And you can’t burn yourself out or spread yourself too thin. But you do have the prerogative of doing anything you want in and around your company as long as you do it the right way.
This second line is particularly interesting when applied to a CEO’s activities outside of work. As with anyone, it’s critical for CEOs and founders to have outside hobbies and interests, time for friends and family, down time, and even non-work work time like sitting on outside boards. Staying fresh and “sharpening the saw” is good for everyone. A CEO should be able to do anything she wants outside of work — from sitting on outside boards to being in a band. But a CEO can’t do everything she wants outside of work while still devoting enough time and attention to work.
Taken together, the two lines are interesting. As a CEO, you have to care about everything, but you can’t do everything. That pretty much sums up the job!
Comment on Political versus Corporate Leadership, Part II: Admitting Mistakes
Comment on Political versus Corporate Leadership, Part II: Admitting Mistakes
My colleague Mike Mayor writes:
So you’e only asking for politicians to be honest Matt? Is that all? 🙂
Couldn’t agree more on the CEO side. A CEO who cannot admit to failure is doomed to be surrounded by “yes men” and, therefore, must go it alone, whereas the CEO who admits to having the odd bad idea every now and then is more likely to get truthful and accuruate information from those around him/her. Which scenario would you prefer to base your next decision on?
However, I look more to Hollywood for fostering the faux CEO/Board Room stereotypes, not politics. Look no further than the highest ranked show among 18 to 46 year olds: The Apprentice. Trump is just one contemporary example of successfully perpetuating the “kill or be killed” mentality of the ideal CEO. In his book, “How to Get Rich” one of his lessons is to “never take the blame for anything” (meanwhile Trump gets rich by being a caricature of a CEO).
The ideal CEO needs to set the example for the behavior of his employees, and creates opportunities by building relationships not “squashing the competition.” And like it or not, the ideal Board Room is actually a Think Tank of great minds working toward a common goal rather than a place to play mind games and mental poker.
Unfortunately, both of these things make for a horrible TV show but do contribute to building truly great companies! On the other hand, watch too many TV shows (or follow the politician’s lead) and you’ll likely become a CEO whose success is comparable to the CEOs of Enron and Tyco.
Less is More
Less is More
I have a challenge for the email marketing community in 2009. Let’s make this the Year of “Less is More.”
Marketers are turning to email more and more in this down economy. There’s no question about that. My great fear is that just means they’re sending more and more and more emails out without being smart about their programs. That will have positive short term effects and drive revenues, but long term it will have a negative long term impact on inboxes everywhere. And these same marketers will find their short term positive results turning into poor deliverability faster than you can say “complaint rate spike.”
I heard a wonderful case study this week from Chip House at ExactTarget at the EEC Conference. One of his clients, a non-profit, took the bold and yet painful step of permissioning an opt-out list. Yikes. That word sends shivers down the spine of marketers everywhere. What are you saying? You want me to reduce the size of my prime asset? The results of a campaign done before and after the permission pass are very telling and should be a lesson to all of us. The list shrank from 34,000 to 4,500. Bounce rate decreased from 9% to under 1%. Spam complaints went from 27 to 0 (ZERO). Open rate spiked from 25% to 53%. Click-through from 7% to 22%. And clicks? 509 before the permissioning, 510 after. This client generated the same results, with better metrics along the way, by sending out 87% LESS EMAIL. Why? Because they only sent it to people who cared to receive it.
This is a great time for email. But marketers will kill the channel by just dumping more and more and more volume into it. Let’s all make Less Is More our mantra for the year together. Is everyone in? Repeat after me…Less Is More! Less Is More!
Startup CEO (OnlyOnce- the book!), Part II – Crowdsourcing the Outline
Startup CEO (OnlyOnce- the book!), Part II – Crowdsourcing the Outline
As I mentioned a few weeks ago here, I’m excited to be writing a book called Startup CEO: A Field Guide to Building and Running Your Company, to be published by Wiley & Sons next summer. Since many readers of OnlyOnce are my target audience for the book, I thought I’d post my current outline and ask for input and feedback on it. So here it is, still a bit of a work in progress. Please comment away and let me know what you think, what’s missing, what’s not interesting!
1 Part One: Vision and Strategy (Defining the Company)
1.1 Setting the Company’s Agenda
1.2 NIHITO! (or, “Nothing Interesting Happens in the Office”)
1.3 Setting the Business Direction
1.4 Strategic Planning, Part I: Turning Concepts Into Strategy
1.5 Strategic Planning, Part II: Creating the Plan
1.6 Defining Mission, Vision and Values
1.7 Communicating Vision and Strategy
1.8 The Role of M&A
1.9 The Art of the Pivot
1.10 How Vision and Strategy Change over Time
2 Part Two: Talent (Building the Company’s Human Capital)
2.1 Building a Team
2.2 Scaling the Team
2.3 Culture
2.4 Interviewing
2.5 Recruiting
2.6 Onboarding
2.7 Setting Goals
2.8 Feedback
2.9 Development
2.10 Compensation
2.11 Promoting
2.12 Rewarding
2.13 Managing Remote Offices and Employees
2.14 Firing: When It’s Not Working
2.15 How Talent Changes over Time3 Part Three: Execution (Aligning Resources with Strategy)
3.1 Making Sure There’s Enough Money in the Bank
3.2 Types of Financing
3.3 Fundraising Basics
3.4 Negotiating Deals
3.5 Pros and Cons of Outside Financing
3.6 Forecasting and Budgeting
3.7 Creating a Company Operating System
3.8 Meeting Routines
3.9 Driving Alignment
3.10 A Metrics-Driven Approach to Running a Business
3.11 Learning
3.12 Post-Mortems
3.13 Thinking About Exits
3.14 How Execution Changes over Time
3.14.1 Finance
3.14.2 Execution4 Part Four: Management And Leadership (The How of Being a CEO)
4.1 Leading an Executive Team
4.2 Critical Personal Traits
4.3 Being Collaborative
4.4 Being Decisive: Balancing Authority and Consensus
4.5 The Value of Symbolism
4.6 Getting the Most out of People
4.7 Diving Deep without Being Disruptive
4.8 Articulating Purpose
4.9 Collecting Data from the Organization
4.10 Managing in an Economic Downturn
4.11 Managing in Good Times vs. Bad Times
4.12 Communication
4.12.1 Macro (to Your Company and Customers)
4.12.2 Micro (One-on-One)
4.13 How Management and Leadership Change over Time5 Part Five: Boards (A Unique Aspect of the CEO’s Job)
5.1 Building Your Board
5.2 Meeting Materials
5.3 Meetings
5.4 Between Meetings
5.5 Making Decisions and Maximizing Effectiveness
5.6 The Social Aspects of Running a Board
5.7 Working with the Board on Compensation
5.8 Evaluating the Board
5.9 Serving on Other Boards
5.10 How Boards Change over Time6 Part Six: Managing Yourself So You Can Manage Others
6.1 Creating a Personal Operating System
6.2 Working with an Executive Assistant
6.3 Working with a Coach
6.4 Finding Your Voice
6.5 The Importance of Peer Groups
6.6 Your Family
6.7 Taking Stock
6.8 Staying Fresh
6.9 Staying Healthy
6.10 Traveling
State of Colorado COVID-19 Innovation Response Team, Part VI – How This Compared to Running a Company
(This is the sixth post in a series documenting the work I did in Colorado on the Governor’s COVID-19 Innovation Response Team – IRT. Other posts in order are 1, 2, 3, 4, and 5.)
As these posts have been running, a few people have asked me to quickly compare this experience to the experience of being a Startup CEO. And that’s an interesting way to think about it. In a lot of ways, the couple of weeks of getting the IRT up and running felt like starting up a new business, only a lot more intense. Following the outline of sections in Startup CEO: a field guide to scaling up your business…
Part One: Storytelling. The whole timeframe was super compressed. It took us 2 days to be able to spend 4 hours writing our initial pitch deck defining scope, structure, and staffing request – and that was while we were working hard on our first two workstreams. In a startup environment, that process would have taken much longer, involved more customer discovery and product/market fit research and spending 100% of our time on that. But then we got our “approval and funding” in about 45 minutes – that would have taken weeks and involved dozens of pitch meetings. In terms of creating the organization’s Mission, Vision, and Values, we didn’t even bother, although I think it helped that the three of us were generally on the same page with how to work and that urgency was the essence of our job. The larger emergency operations team that we were more or less embedded in also had a very clear set of values and operating principles on display…although we didn’t actually go read them, I think they were in sync with our view of our team’s mission and principles. In terms of “bringing our story to life,” that was wholly unnecessary!
Part Two: Building The Company’s Human Capital. Like a startup, getting it right with the first handful of employees means everything. In this case, the first two deputies on the team, handpicked by the Governor’s staff, were awesome and critical. Bringing someone in from the private sector to run a public sector team only works when the rest of the team is incredibly knowledgeable about how the machinery of state government works. And in the end, I think Sarah will be a better leader for the team than I was because she had a combination of private and public sector experience (and within her public sector experience, she had a lot of emergency response experience). In general, the recruiting process was soooo different than private sector and public sector normally are. The first two team members handpicked the best people they knew in other relevant parts of the government. People were brought onto the team after one short phone call. Other state departments heads loaned their people willingly. No such thing as a comp negotiation or a reference check. There were a bunch of other things under the “Human Capital” heading that are interesting notes/comparables as well. First, feedback in a compressed-timeframe emergency is something that you absolutely can’t skip – and you can’t wait for a formal process either. Our team was pretty good about giving feedback at least daily in a semi-structured way as well as in the moment. We didn’t really have time to get into things like career pathing and compensation and firing. We did, after about 6 days at the suggestion of Kacey, our Chief of Staff, move the team to almost entirely remote (other than leadership and occasional critical meetings). This worked surprisingly well for a workforce probably unaccustomed to remote work. The rest of the world is also learning how to do a lot of that now, too.
Part Three: Execution. This whole experience was 97% execution. In fact, we had a hard time finding time for things like strategy and planning because there was a crushing amount of work to do (welcome to emergency response), and a small team to do it. We didn’t have to worry about raising money, budgeting, forecasting, reporting, and some of the other major execution steps in the private sector. We did do a good job of creating goals and milestones for our workstreams, but even that took a couple of weeks, and in retrospect, I wish we’d been able to do some of those sooner. In terms of how our work got done, we were very conscious of creating daily meeting routines to structure our day and work – but there was no such thing as even a weekly meeting (let alone monthly strategics or quarterly offsites!), only daily meetings, multiple times per day. One thing that was interesting – I talk in the book about being deliberate and consistent with your platforms, especially around communication. Channel proliferation is a real issue today (much more so than when I wrote the book), but we had an interesting mismatch at the beginning. The public sector team was used to email, text, and Google hangouts for comms. Nothing else. The private sector team used those things but was a lot more comfortable with Trello, Zoom, and Slack. Thank goodness both teams used G-Suite and not a mix of that and LiveOffice. But getting everyone on the team to converge on a couple systems is a work in progress and was messy, as evidenced in this great moment where Kacey was holding a laptop up to an actual whiteboard to show one of our private sector teams how she was thinking about something.
Part Four: Building and Leading a Board of Directors. This is kind of N/A, although the proxy for it in our case on the IRT was the leadership structure of the Emergency Operations Center and then the Governor and the part of his cabinet that was keyed into the emergency response. In this regard, the main differences between the private sector and public sector were speed/formality (no room for formality when you’re meeting daily or at a moment’s notice!), and, interesting, the need for integration. A company reports to its board on how it’s doing. This team had to use its “board” to make sure it was integrating with other state agencies and initiatives. In this way, the team functioned more like a business unit within a company than an actual company.
Part Five: Managing Yourself So You can Manage Others. This was obviously critical…and obviously quite difficult. And within the overall Emergency Operations Center (outside of our team, the real emergency professionals), there were people, including leaders, who were working 7 days/week for multiple weeks on end, and long days, too. At one point, the EOC leader posted this note on the wall, and he frequently took time in daily briefings to encourage everyone to take a day or two off and take care of themselves physically. He role-modeled that behavior as well. You can only run a sprint for so long. Once it becomes clear it’s a marathon, well, you know.
Stay tuned for the final post in the series tomorrow…
Startup CEO (OnlyOnce- the book!)
Startup CEO (OnlyOnce – the book!)
One of the things I’ve often thought over the years since starting Return Path in 1999 is that there’s no instruction manual anywhere for how to be a CEO. While big company CEOs are usually groomed for the job for years, startup CEOs aren’t…and they’re often young and relatively inexperienced in business in general. That became one of the driving forces behind the creation of my blog, OnlyOnce (because “you’re only a first time CEO once”) back in 2004.
Now, over 700 blog posts later, I’m excited to announce that I’m writing a book based on this blog called Startup CEO: A Field Guide to Building and Running Your Company. The book is going to be published by Wiley & Sons and is due out next summer. The book won’t just be a compendium of blog posts, but it will build on a number of the themes and topics I’ve written about over the years and also fill in lots of other topics where I haven’t.
The catalyst for writing this book was Brad Feld. Brad has been a friend, mentor, investor, and Board member for over a decade. We’ve had many great times, meals, and conversations together over the years, not the least of which was staggering across the finish line together at the New York City Marathon in 2005. Brad started writing books a few years ago, and I’ve been peripherally involved with them, first with Do More Faster: TechStars Lessons to Accelerate Your Startup (I contributed one of the chapters) and then with Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist (I wrote all the “Entrepreneur Perspective” sidebars).
Those are great books, and they’ve been incredibly well received by the global entrepreneurial community. But then Brad got the bug, and now he’s in the middle of writing FOUR new books with Wiley that will all come out over the next year. They are:
- Startup Communities: Building an Entrepreneurial Ecosystem in Your City
- Startup Life: Surviving and Thriving in a Relationship with an Entrepreneur
- Startup Metrics: Making Sense of the Numbers in Your Startup
- Startup Boards: Reinventing the Board of Directors to Better Support the Entrepreneur
These four books, plus the two earlier ones, plus Startup CEO, are all part of the Startup Revolution series. While I’ll continue to do most of my blogging and posting here on OnlyOnce, I’d also encourage you to check out the Startup Revolution site and sign up to be a member of that community. I’ll be doing some things on that site as well in connection with Startup CEO, and it’s a more concentrated place to post and comment on all things Startup. In addition, we’ll be putting a bunch of add-ons to the book on that site closer to publication time.
I hope Startup CEO becomes a standard for all new CEOs. I don’t think I have all the answers, but at least others can benefit by learning from my 13 years of successes and mistakes! Now all I have to do is go write the darned thing.