Nima Peanut Sensor Pre-Order

Less than a year after releasing its first product, Nima announced its highly anticipated peanut sensor is now available for pre-order, adding an allergen to its connected food sensor platform. If you have a peanut allergy, Nima is a must have.

Pre-order before March 8 to get the product for $229 ($60 off the retail price). More here about the science behind the peanut sensor.

Nima launched on the market a year ago with the Nima gluten sensor, the first company on the market to create a connected food sensor for consumers. Nima has enabled thousands of gluten-avoiding folks to test food for gluten at restaurants and packaged foods. The device takes an eight-step lab process and shrinks it to a little device that fits in your pocket.

With Nima, you can test your own food but you can also see what thousands of others are testing through

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Happy Valentine’s Day

Amy arrived home from Africa yesterday evening around 6pm. She had been gone for 12 days and, while she had an awesome trip, we missed each other terribly.

She arrived home to a bunch of early Valentine’s Day stuff like a hot bath.

I figured it was Valentine’s Day somewhere in the world yesterday at 6pm Colorado time like, well, in Kenya, where Amy was.

It’s great to have Amy back home. For some reason, Valentine’s Day is one of my favorite holidays. Love is better than everything else.

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JumpCloud is Hiring 50 Engineers in Boulder

JumpCloud, one of the fastest growing companies in Colorado, is looking for awesome Developers, QA engineers, DevOps admins, and Customer Success Engineers. Over the next year, they are planning to hire 50 people for the engineering team and about 70 across the entire company.

JumpCloud is focused on delivering cloud-based directory services via a SaaS model. They are trying to solve some very difficult problems around identity, authentication, security, and cloud scaling.

JumpCloud’s mission deeply resonates with me because they are disrupting a two decade old monopoly in directory services and giving IT organizations freedom of choice with their IT solutions. It’s an exciting space and we (Foundry Group, OpenView, and Techstars Ventures) are betting that the JumpCloud team has the winning approach.

Since 1994, I’ve worked with the CEO, Rajat Bhargava, on eight companies and I’m psyched about the company and culture that

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The Greater Colorado Venture Fund

Announcing the Greater Colorado Venture Fund!

I am proud to share that the Colorado Venture Capital Authority (VCA), in conjunction with the Office of Economic Growth and International Trade (OEDIT), has selected the Greater Colorado Venture Fund to steward the state’s rural venture capital allocation.

Following a competitive application process, the state will be funding an initial $9.1 million of a target $15 million venture fund to be invested in startups across 54 eligible Colorado counties. This fund will be a cornerstone in the state’s larger initiative to support entrepreneurs in smaller communities in Colorado, an effort I have been heavily involved in.

Led by Marc Nager, former CEO of Startup Weekend and UP Global (where I was on the board, now part of Techstars), the GCVF team members are already leaders in Colorado’s Rural Startup Community. Since joining the Telluride Venture Accelerator in 2016, Marc has already

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This Is A Really Good Place To Be Right Now

As I was meditating this morning, the thought “this is a really good place to be right now” came to the front of my mind. As is my way when I meditate, I noted that I’d had the thought, placed it on a leaf, set it on the virtual river flowing in front of me, and let it drift away. Then, I brought my attention back to my breath.

I took a shower right after I meditated and the thought came back to me. This time I let it stay with me.

As I sit in our TARDIS at Foundry Group, listening to Let It Be, and catching up from a typically intense week, the thought came back to me again.

No matter how shitty, busy, or tense my day is, there are a few moments in the day where this is true. Sometimes it is long stretches or even

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What Denver Should Do When Amazon Doesn’t Choose It For HQ2

Ian Hathaway, my co-author for my next book – Startup Communities 2: The Next Generation – has a great blog post up titled The Amazon Bounce Back.

Colorado, specifically Denver, is in the final 20 cities bidding on Amazon’s HQ2. This open bid process is an absolutely brilliant move by Amazon for a variety of reasons.

  • Enormous branding: Everyone, everywhere, is talking about Amazon. Amazon Amazon Amazon. We love Amazon.
  • Absurd market information: The amount of data about each city that Amazon is getting out of this is incredible.
  • Visibility into what cities are willing to offer: Amazon knows where its future leverage points are when negotiating with individual cities.

While I’m glad Denver approached it the way they did, focusing on strength and resources of the community rather than by throwing dollars at Amazon, our state government still provided plenty of financial incentives.

Amazon HQ2 could qualify

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Like Minds…Leaders Take Action

Tomorrow night I’m the keynote speaker at the AllHealth Network event Like Minds…Leaders Take Action.

I will be discussing the challenges of entrepreneurs around mental health issues and how the stigma associated with it creates an additional layer of difficulty. I’ll also share my own story around mental health issues and talk about the power leaders have to influence culture, particularly as it pertains to mental health in the workplace.

There are a few tickets left so if you are interested please register and join us.

Ask yourself the following question: Why is there stigma associated with mental health but not with diabetes or cancer?

I felt no joy as I struggled with depression and the stigma that came with it. When I first had a major depressive episode in my 20s, I was ashamed, embarrassed, and incredibly secretive about my struggles. Over the years, the help and support I

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Adele and Everything After

Long Haul Films is the video production company that does our videos like Bored Meetings, Worst of Times, and I’m a VC. We are huge fans of Melissa and Tom.

They have a new documentary coming out called Adele and Everything After. It is an award-winning documentary about Marty, a woman with an untreatable heart condition that made her pass out every day, and Adele, one of the world’s first cardiac alert service dogs.

Pre-order it today or visit Adelemovie.com to find out where else you can catch this inspiring film when it’s released on January 30th.

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Whopper Neutrality – The Burger Based Version of Net Neutrality

If you are still having trouble understanding why Net Neutrality is important, Burger King has made an awesomely funny – and extremely informative – video using the Whopper as an example. It’s just brilliant.

In more serious news, the New York governor signs executive order to keep net neutrality rules after the FCC’s repeal. This follows on the heels of the Montana governor signs executive order to keep net neutrality in the state. Last year I wrote about the coming battle of states rights vs. federal rights, and this is a great example of the complexity of it.

At the same time, AT&T CEO’s net neutrality plan calls for regulation of websites. AT&T supports bans on blocking and throttling, but not paid prioritization or data cap exemptions. I think he needs to watch the Whopper video.

Apparently the GOP is working on a net neutrality bill would allow paid fast

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Tax and Bitcoin (and other Cryptocurrencies)

Did you sell any bitcoin (or other cryptocurrencies) in 2017? If you did, do you know how to pay taxes on the transaction(s)?

I’m going to guess that a lot of people in the US that fit in the category of having sold some bitcoin in 2017 haven’t spent a millisecond thinking about what tax they might owe. There are probably others who feel like they shouldn’t have to pay any tax because they believe bitcoin is outside the reach of the government. And then there are others who believe the theoretically anonymous elements of the cryptocurrency they are trading should prevent anyone – especially the government – from finding out about what they are up to.

Two interesting articles came out in the past week. The first, When Trading in Bitcoin, Keep the Tax Man in Mind, is an excellent overview that addresses the following questions.

Techstars Mentor Manifesto In Detail

I’ve been working on my next book, #GiveFirst, again. There’s a lot in it about the Techstars Mentor Manifesto and how to be an effective mentor.

Yesterday, I got a note from Jay Batson, longtime Techstars Boston mentor and now the Mentor-in-Residence for the program, asking if I had ever compiled the lists I posts I wrote about the Techstars Mentor Manifesto.

I hadn’t. He had conveniently done it in a Google doc so it was easy for me to list out the posts with links. They follow.

1/18: Be Socratic

2/18: Expect nothing in return

3/18: Be Authentic – Practice What You Preach

4/18: Be Direct. Tell the Truth, However Hard.

5/18: Listen, too

6/18: The Best Mentor Relationships Eventually Become Two Way

7/18: Be Responsive

8/18: Adopt At Least One Company Every Single Year. Experience Counts.

9/18: Clearly Separate Opinion From Fact

10/18: Hold Information In Confidence

11/18: Clearly

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Pyongyang, Vonnegut, and Depression

Amy and I had another wonderful digital sabbath yesterday.

It started Friday at sundown when I put my computer to sleep. I’m using Inbox When Ready and have locked my inbox from Friday at 6pm to Saturday at 11:59pm. I also put my phone in Do Not Disturb mode for this same time period. While I’m not committed to doing this every weekend in 2018, I’m going to do it most of the time.

I woke up Saturday morning and meditated for 30 minutes. Amy and I then had breakfast and then we retired to the couch to read. I’ve decided that in 2018 when I’m at home I’ll read physical books, since I have an infinite pile of those along with my infinite pile of Kindle books. I scanned my shelves of unread books, picked four that I thought varied widely, and dug in.

I started with Architectural and Cultural

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Reflections on Bored Meetings

Over the past 25 years, I’ve attended approximately 14,387 board meetings. My partners and I talk a lot about how to improve them and today released The Foundry Group Manifesto on Board Meetings. It follows:

In 2013, I wrote a book with Mahendra Ramsinghani about board meetings titled Startup Boards: Getting the Most Out of Your Board of Directors. It was a tough book to write because every time I dug into it, I got bored, but I think it ended up being a contribution to the corpus of entrepreneurial knowledge. However, I anticipate Bored Meetings will be an even more significant contribution.

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It Can All Go To Zero

Perspective can be a useful thing. Cryptocurrencies have had a bad 24 hours.

Last night Amy and I watched The Big Short for the second time. If you’ve never seen it, it’s a must watch movie. If you haven’t seen it in at least a year, watch it again. While the events are from 2005 – 2008, they feel like they happened yesterday. And, the cast, including Brad Pitt (my favorite character), Steve Carell (my second favorite), Christian Bale, and Ryan Gosling play their parts spectacularly well.

There are hundreds of lessons in the movie. But, like most things human, we quickly forget them. Or we pretend like they couldn’t happen again. Or we justify what’s going on today as “but it’s different this time.”

In 2000 I was co-chairman of a public company called Interliant. The company had gone public in 1999 and the market cap rose to

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Colorado Startup Summer

Every entrepreneur starts her journey somewhere.

Colorado is a premier location for entrepreneurs and innovative thinkers. This is why I co-founded and commit a portion of my time to Startup Colorado; an organization that empowers and sustains startup communities across Colorado. One of the programs that Startup Colorado runs – called Startup Summer – cultivates and engages undergraduate entrepreneurs looking to get involved in the Front Range startup community.

Startup Summer is an immersive 10-week program that includes weekly seminars from local entrepreneurs who teach the fundamentals of entrepreneurship. The student entrepreneurs form teams and build companies while receiving coaching and mentorship from alums of the program and local entrepreneurs, culminating with a pitch competition. The program admits 50 student entrepreneurs from around the country, bringing together different backgrounds while exposing them to the Front Range startup ecosystem.

Startup Summer is now in its sixth year. All internships are paid.

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I’m A VC

As a preparation for something new and exciting, let’s reminisce a little. In 2011, we did our first Foundry Group music video “I’m a VC.”

I remember being amazed when the Youtube views went over 100,000. I recall being equally amazed when I heard that our IT guy (Ryan) had cleaned up our random Google accounts, deleted video@foundrygroup.com, and as a result deleted the video. When it was restored, the view counter was at 0.

Oops.

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Welcome Jamey Sperans To Foundry Group

My partners and I just announced that our long-time friend and LP – Jamey Sperans – has joined Foundry Group.

We’ve been working with Jamey since the beginning of Foundry Group in 2007 (he was one of our first LPs via Morgan Stanley AIP) and have become extremely close friends.

Jamey and his family have moved to Boulder, so in addition to working with us, he’ll become a part of the extended Boulder/Denver startup community.

We are delighted to have Jamey in town and on our team. If you want the backstory, take a look at the post on the Foundry Group site titled Introducing Our New Partner – Jamey Sperans.

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Supporting Time’s Up Legal Defense Fund

Yesterday, my partners at Foundry Group announced financial support for the Time’s Up Legal Defense Fund.

We strongly believe that sexual harassment is unacceptable in any form. While there can be a debate about whether sexual harassment is about sex, power, or something else, there’s an additional pernicious element of it when the harasser threatens to sue the person being harassed. This extends the harassment and reinforces the issue around the power dynamic, especially when the harasser has much more financial resources than the person being harassed.

My partners and I were considering establishing a VC / Entrepreneurs Sexual Harassment Legal Defense Fund. When we saw the launch of Time’s Up and the Time’s Up Legal Defense Fund, we decided to financially support this activity and try to create a sub-group for the tech industry. As a starting point, Foundry Group is contributing $100,000 to the Time’s Up Legal

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@bfeld User Manual: Business Dinners

I love the idea of A User Manual To Working With Me. A number of the CEOs we work with have written them and Seth sends out a letter to all new founders about working with us.

While I occasionally think about writing an @bfeld User Manual, I never manage to get around to it. On our Q4 vacation, Amy and I talked a lot about dinners out, especially my own struggle with dinners with large groups of people, which caused me to reflect on how I approach dinners out in general.

Business dinners have become increasingly challenging for me for a number of reasons. I’m an introvert, so when the dinner is more than four people, it’s extremely draining for me. I no longer drink, so every dinner lasts at least 33% too long. I’m a vegetarian and am now eating very lightly at dinner, so the experience of

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