“Part of the dynamic in the personal journey is that it’s interwoven into the professional journey.” -Brad Feld
The entrepreneurial journey is one hell of a roller coaster ride.
One day you’re celebrating your biggest sale, only to come home to a struggling marriage.
The wins and challenges look different, but at the end of the day, it’s how you handle these circumstances that will make or break your business.
No one knows this better than Brad Feld, managing director at the Foundry Group.
He led a company to massive success ($3 billion valuation), only to see it come crashing down (and go bankrupt) within two years.
If you’re looking for experience, Brad has it.
He has since taken what he’s learned to fund, mentor and propel numerous other companies to success (and make sure they don’t make the same mistakes he did).
Brad is also the co-founder of one of the top accelerators in the country, TechStars, and a board member of several companies.
Do us a favor (because you’re the nice person your grandma says you are):
This episode is full of great stuff including:
- The number one lesson learned after being an investor and operator of a company that went from a $3 billion market value to bankrupt in 2 years
- Why the chairman of a company is often a misunderstood role
- Why time and experiences matter
- A lesson about balancing your personal and professional journey
- How Brad realized that he could have a greater impact focusing on one role rather than balancing several
- Two areas you must explore to determine what role (or roles) you should have in a startup company
- A rule that Brad uses to make sure he doesn’t dismiss valuable talent (but prunes negative influences)
- The one characteristic in founders that Brad stays away from
- Thoughts on artificial intelligence, virtual reality, and augmented reality
- Four steps to determine if your company should seek venture capital
- The two changes Brad made to help him get through depression
And don’t forget to check these out:
Slow Hustle is proudly supported by my friends at Shuttleworth Law and Iowa Startup Accelerator.
Get ready for the most intense three months of your life: You’ll get 365 days worth of work done in 90 days to get your startup ready to launch. Not to mention a large and diverse network of mentors built from the best-known entrepreneurs and experts in their fields in the Midwest. Contacts you’d quite likely not make otherwise. Apply for the 2016 Cohort here.
Do you have legal questions you know you need to ask but have no idea who you should turn to? Or maybe you need a second set of eyes to make sure there isn’t something you’ve missed in that contract you just drafted? The folks at Shuttleworth Law are there for you! I’ve been using them for years on several different business and not only do they do what I ask but they frequently make thoughtful suggestions regarding aspects of coverage I never would have thought of. Not to mention, they’re a cool group of people that I’d even hang out with! Check them out at: http://www.shuttleworthlaw.com/
Thanks for listening!
Thanks for joining me for this episode! I really hope you enjoyed it and if you have any feedback, please leave them in the comments here, or on twitter @peterawad and @slowhustle. If you know someone that would benefit from listening, please share it with them.
If you have anyone you’d like for us to have on the show, please shoot me their info and why you think they would resonate with our audience.
A BIG thanks to Brad for taking the time to chat!