Brad Feld is an author, blogger and he invests in early stage technology companies. In fact he has invested in over 1,000 companies between his Techstars accelerator, his Foundry Ground investment firm, and his own deals. He is our guest on Stories from Influencer Economy podcast this week.
Imagine a world where the only media channels were TV, radio, print magazines, and newspapers. And if you were a start-up entrepreneur, you ONLY had traditional P.R. outreach in order to get someone’s attention for an article or any media coverage. When Brad started his first company Feld Technologies in 1987, while an undergrad student at MIT in Cambridge, he didn’t have blogging, the web, and social media was decades in waiting. This is one of the reasons why Brad was an early adopter for blogging back in 2004.
In this episode Brad details his early motivations for blogging and writing on the web. In addition to his how and why he wrote his first book: Venture Deals.
Techstars is an international start-up accelerator that helps grow and fund companies in cities like Boulder, London, Austin and Chicago. It features a mentor-driven program where founders work for 13 weeks in an environment to learn how to “Do More Faster.” When Brad started Techstars with his 3 other co-founders he had no idea if it would work, but figured it was worth a shot. And at the very least he would make some new friends.
Brad and I chat about how people need to experiment as start-up founders, bloggers, podcasters and sometimes when you don’t reach your goals, another less obvious goal emerges which can lead you down the right path. We also talk about how to be a giver in capitalism. Listen to my chat with Wharton Profession Adam Grant, author of the book Give and Take Stories from The Influencer Economy.
What we discussed:
- How often people think too much about their goals
- How it’s worth starting a project in order to figure out if it’s a good idea or bad idea
- How people need to experiment as start-up founders, bloggers, podcasters and sometimes when you don’t reach your goals, another less obvious goal emerges which can lead you down the right path
- How Brad uses the “Give Before You Get” model in getting to know entrepreneurs
- How the quick deal is often a bad deal, and how looking long term is optimal for success with a start-up
- How helping people is all about giving in the the broader “system”
- How when Brad meets startup founders, he develops relationships with the founders in advance of investing; he gives to founders before realizing if he’ll invest in their ideas or not.
- How Brad pursues 20% of his life where he allocates his days to random things
- How Brad will do a fake VC Day or a fake CEO day where he does stuff that allows his universe to be open to different connections.
Past episodes: Listen to Troy Carter talk about investing and managing musicians like John Legend: Troy Carter on Episode 28. And if you want to learn about Jeff Ullrich and Earwolf Media talk tech and podcasts: Jeff Ullrich on Earwolf Media.
Links to what we discussed:
Brad’s Blog Feld Thoughts: www.feld.com/
Brad on Twitter: https://twitter.com/bfeld
Jeff Ullrich and Earwolf: www.earwolf.com/person/jeff-ullrich/