welcome back to this third segment here we are with Brad Feld so in this segment
we are with Brad Feld so in this segment
we are with Brad Feld so in this segment lightning round ideally it’s either/or
lightning round ideally it’s either/or
lightning round ideally it’s either/or you can’t really answer it depends but
you can’t really answer it depends but
you can’t really answer it depends but again nobody’s gonna cry if you decide
again nobody’s gonna cry if you decide
again nobody’s gonna cry if you decide to even expand so let’s start off what’s
to even expand so let’s start off what’s
to even expand so let’s start off what’s more important idea or entrepreneur
more important idea or entrepreneur
more important idea or entrepreneur entrepreneur what’s more important idea
entrepreneur what’s more important idea
entrepreneur what’s more important idea or execution execution what’s more
or execution execution what’s more
or execution execution what’s more important execution or entrepreneur
important execution or entrepreneur
important execution or entrepreneur neither okay is there not separable okay
neither okay is there not separable okay
neither okay is there not separable okay interesting so to you even if you have
interesting so to you even if you have
interesting so to you even if you have an entrepreneur who’s like a big idea
an entrepreneur who’s like a big idea
an entrepreneur who’s like a big idea guy you expect him to be the education I
guy you expect him to be the education I
guy you expect him to be the education I think I think I’ve thing in that context
think I think I’ve thing in that context
think I think I’ve thing in that context to the company okay okay fair enough um
to the company okay okay fair enough um
to the company okay okay fair enough um what’s more important timing or look
what’s more important timing or look
what’s more important timing or look neither is there one thing that you
neither is there one thing that you
neither is there one thing that you think is you can’t control either of
think is you can’t control either of
think is you can’t control either of them tick and they’re not controllable
them tick and they’re not controllable
them tick and they’re not controllable so I think the only things that you can
so I think the only things that you can
so I think the only things that you can put importance on are things that you
put importance on are things that you
put importance on are things that you can control okay love by the way luck is
can control okay love by the way luck is
can control okay love by the way luck is great and awesome timing is great but as
great and awesome timing is great but as
great and awesome timing is great but as an entrepreneur you can’t control either
an entrepreneur you can’t control either
an entrepreneur you can’t control either room fair enough icic your perspective
room fair enough icic your perspective
room fair enough icic your perspective so what is more important we hear
so what is more important we hear
so what is more important we hear content is king but nowadays the
content is king but nowadays the
content is king but nowadays the companies that have the most amount of
companies that have the most amount of
companies that have the most amount of value it’s the distribution companies
value it’s the distribution companies
value it’s the distribution companies what’s more important content or
what’s more important content or
what’s more important content or distribution it changes over time and it
distribution it changes over time and it
distribution it changes over time and it depends on what you’re dealing with
depends on what you’re dealing with
depends on what you’re dealing with today right note it depends on the
today right note it depends on the
today right note it depends on the segment you rent and in fact it’s very
segment you rent and in fact it’s very
segment you rent and in fact it’s very interesting many of the distribution
interesting many of the distribution
interesting many of the distribution dynamics change very rapidly and one of
dynamics change very rapidly and one of
dynamics change very rapidly and one of the reasons there’s so many challenges
the reasons there’s so many challenges
the reasons there’s so many challenges that existing incumbent content
that existing incumbent content
that existing incumbent content providers have and why there’s such
providers have and why there’s such
providers have and why there’s such messed up intellectual property dynamics
messed up intellectual property dynamics
messed up intellectual property dynamics around content is because you have
around content is because you have
around content is because you have incumbents trying to prevent new
incumbents trying to prevent new
incumbents trying to prevent new distribution dynamics from appearing in
distribution dynamics from appearing in
distribution dynamics from appearing in the market you have other situations
the market you have other situations
the market you have other situations where the distribution dynamics are
where the distribution dynamics are
where the distribution dynamics are untenable in the context of the content
untenable in the context of the content
untenable in the context of the content being created and so this dislocation
being created and so this dislocation
being created and so this dislocation will continue to change I believe that
will continue to change I believe that
will continue to change I believe that when we get teleportation machines and
when we get teleportation machines and
when we get teleportation machines and we can teleport us to Europe and five
we can teleport us to Europe and five
we can teleport us to Europe and five minutes distribution changes again right
minutes distribution changes again right
minutes distribution changes again right so it’s it’s I think it’s very hard to
so it’s it’s I think it’s very hard to
so it’s it’s I think it’s very hard to take the two apart fair enough i’d like
take the two apart fair enough i’d like
take the two apart fair enough i’d like to have a record a conversation with you
to have a record a conversation with you
to have a record a conversation with you and you
and you
and you must there okay what’s more important
must there okay what’s more important
must there okay what’s more important data or distribution never thought about
data or distribution never thought about
data or distribution never thought about it I think data is more important okay
it I think data is more important okay
it I think data is more important okay and what’s more important data or
and what’s more important data or
and what’s more important data or content no I think data is way more
content no I think data is way more
content no I think data is way more important okay so speaking on data let’s
important okay so speaking on data let’s
important okay so speaking on data let’s just double click there and expand is
just double click there and expand is
just double click there and expand is the fact that data is big data is so hot
the fact that data is big data is so hot
the fact that data is big data is so hot now has it always been hot or is it that
now has it always been hot or is it that
now has it always been hot or is it that the technology and the data capturing is
the technology and the data capturing is
the technology and the data capturing is change or is it just a recent phenomenon
change or is it just a recent phenomenon
change or is it just a recent phenomenon and if so why yeah I was the keynote at
and if so why yeah I was the keynote at
and if so why yeah I was the keynote at a conference last week that was a big
a conference last week that was a big
a conference last week that was a big data conference in Boston and my my
data conference in Boston and my my
data conference in Boston and my my headline sentence i started my talk off
headline sentence i started my talk off
headline sentence i started my talk off first thing in the morning by saying big
first thing in the morning by saying big
first thing in the morning by saying big data is and you know the thing
data is and you know the thing
data is and you know the thing that we call big data today will be
that we call big data today will be
that we call big data today will be microscopic data in 20 years and so the
microscopic data in 20 years and so the
microscopic data in 20 years and so the idea that there’s this special thing
idea that there’s this special thing
idea that there’s this special thing happening that’s unique it’s just the
happening that’s unique it’s just the
happening that’s unique it’s just the label of the day it’s always been a
label of the day it’s always been a
label of the day it’s always been a phenomena of trying to deal with this
phenomena of trying to deal with this
phenomena of trying to deal with this data and the interesting thing is you
data and the interesting thing is you
data and the interesting thing is you get new vectors right 10 years ago we
get new vectors right 10 years ago we
get new vectors right 10 years ago we didn’t have real-time geolocation in our
didn’t have real-time geolocation in our
didn’t have real-time geolocation in our data right we didn’t have chocolate in
data right we didn’t have chocolate in
data right we didn’t have chocolate in our peanut butter and now we have
our peanut butter and now we have
our peanut butter and now we have chocolate and our peanut butter and
chocolate and our peanut butter and
chocolate and our peanut butter and there’s a whole different set of things
there’s a whole different set of things
there’s a whole different set of things you have to do we didn’t have the
you have to do we didn’t have the
you have to do we didn’t have the ability from a computer spective to
ability from a computer spective to
ability from a computer spective to process a bunch of this stuff in real
process a bunch of this stuff in real
process a bunch of this stuff in real time and now we have the ability to
time and now we have the ability to
time and now we have the ability to process a bunch of stuff in real time
process a bunch of stuff in real time
process a bunch of stuff in real time those two things are intrinsically
those two things are intrinsically
those two things are intrinsically linked I mean it’s interesting that
linked I mean it’s interesting that
linked I mean it’s interesting that dichotomies of many of these questions
dichotomies of many of these questions
dichotomies of many of these questions which is more important i guess i guess
which is more important i guess i guess
which is more important i guess i guess i don’t care if i had sort of a wrap-up
i don’t care if i had sort of a wrap-up
i don’t care if i had sort of a wrap-up question across all of this is do you
question across all of this is do you
question across all of this is do you actually care about the answer to any of
actually care about the answer to any of
actually care about the answer to any of those questions like that i actually
those questions like that i actually
those questions like that i actually care if i’m right or wrong because i
care if i’m right or wrong because i
care if i’m right or wrong because i think all of the individual components
think all of the individual components
think all of the individual components are important and in the context of data
are important and in the context of data
are important and in the context of data when I answer data versus content I
when I answer data versus content I
when I answer data versus content I actually view it much much harder to
actually view it much much harder to
actually view it much much harder to understand what’s happening than it is
understand what’s happening than it is
understand what’s happening than it is to do something that people respond
to do something that people respond
to do something that people respond positively to so for example I’ll use
positively to so for example I’ll use
positively to so for example I’ll use cheeseburger as a fun example that Ben
cheeseburger as a fun example that Ben
cheeseburger as a fun example that Ben ha who’s the CEO of cheeseburger
ha who’s the CEO of cheeseburger
ha who’s the CEO of cheeseburger believes that humans already know it’s
believes that humans already know it’s
believes that humans already know it’s funny and that we don’t need to
funny and that we don’t need to
funny and that we don’t need to manufacture funny that what we need to
manufacture funny that what we need to
manufacture funny that what we need to do is surface it and then we can add to
do is surface it and then we can add to
do is surface it and then we can add to it now you can say that’s cute for cat
it now you can say that’s cute for cat
it now you can say that’s cute for cat pictures but that can’t make full length
pictures but that can’t make full length
pictures but that can’t make full length movies and the answer is why not
movies and the answer is why not
movies and the answer is why not right and you know I having somebody who
right and you know I having somebody who
right and you know I having somebody who you know just wrote a couple of books
you know just wrote a couple of books
you know just wrote a couple of books you know is there a difference between a
you know is there a difference between a
you know is there a difference between a long-form book and a blog post and a
long-form book and a blog post and a
long-form book and a blog post and a video absolutely right which is more
video absolutely right which is more
video absolutely right which is more important the content that I created
important the content that I created
important the content that I created there or the distribution well let’s see
there or the distribution well let’s see
there or the distribution well let’s see the contents actually quite important
the contents actually quite important
the contents actually quite important because unless the content makes any
because unless the content makes any
because unless the content makes any sense nobody gives a the
sense nobody gives a the
sense nobody gives a the distribution actually matters but maybe
distribution actually matters but maybe
distribution actually matters but maybe not the distributions exist today the
not the distributions exist today the
not the distributions exist today the physical book distribution doesn’t
physical book distribution doesn’t
physical book distribution doesn’t matter not even clear that the
matter not even clear that the
matter not even clear that the distribution of the virtual book or the
distribution of the virtual book or the
distribution of the virtual book or the the digital book matters the
the digital book matters the
the digital book matters the distribution of the ideas matter and so
distribution of the ideas matter and so
distribution of the ideas matter and so how do you distribute those ideas and
how do you distribute those ideas and
how do you distribute those ideas and you can’t distribute those ideas 200
you can’t distribute those ideas 200
you can’t distribute those ideas 200 pages at a time all right so how do you
pages at a time all right so how do you
pages at a time all right so how do you deal with that in the context of this
deal with that in the context of this
deal with that in the context of this rapidly evolving world you touched how
rapidly evolving world you touched how
rapidly evolving world you touched how is it I totally obfuscate of device name
is it I totally obfuscate of device name
is it I totally obfuscate of device name right but what I was gonna say it’s good
right but what I was gonna say it’s good
right but what I was gonna say it’s good it’s now the thunders not it’s falling
it’s now the thunders not it’s falling
it’s now the thunders not it’s falling yet this is the same Superman touched on
yet this is the same Superman touched on
yet this is the same Superman touched on something so we’re gonna go on a total a
something so we’re gonna go on a total a
something so we’re gonna go on a total a tangent here you talked about Ben who I
tangent here you talked about Ben who I
tangent here you talked about Ben who I met a couple times once in New York he’s
met a couple times once in New York he’s
met a couple times once in New York he’s Seattle entrepreneur cheezburger network
Seattle entrepreneur cheezburger network
Seattle entrepreneur cheezburger network so maybe six to 18 months he start to
so maybe six to 18 months he start to
so maybe six to 18 months he start to get more and more in the press in a good
get more and more in the press in a good
get more and more in the press in a good way but also less good ways but my point
way but also less good ways but my point
way but also less good ways but my point is he was under the limelight today you
is he was under the limelight today you
is he was under the limelight today you see BuzzFeed in the news for a lot of
see BuzzFeed in the news for a lot of
see BuzzFeed in the news for a lot of the same reasons like trying to capture
the same reasons like trying to capture
the same reasons like trying to capture what’s viral and all that so my point is
what’s viral and all that so my point is
what’s viral and all that so my point is I hope they both do kickass exits
I hope they both do kickass exits
I hope they both do kickass exits everybody’s happy but you as an investor
everybody’s happy but you as an investor
everybody’s happy but you as an investor in Ben’s company when you see enough
in Ben’s company when you see enough
in Ben’s company when you see enough you’re not an investor in BuzzFeed ok so
you’re not an investor in BuzzFeed ok so
you’re not an investor in BuzzFeed ok so when you see another company that’s more
when you see another company that’s more
when you see another company that’s more or less trying to have the same message
or less trying to have the same message
or less trying to have the same message what’s your reaction do you take that
what’s your reaction do you take that
what’s your reaction do you take that email you take that article about
email you take that article about
email you take that article about BuzzFeed being the latest thing since
BuzzFeed being the latest thing since
BuzzFeed being the latest thing since sliced bread do you send it to Ben or do
sliced bread do you send it to Ben or do
sliced bread do you send it to Ben or do you send it to a couple of guys on this
you send it to a couple of guys on this
you send it to a couple of guys on this team do you send it to members of the
team do you send it to members of the
team do you send it to members of the board if you’re on the board and you’re
board if you’re on the board and you’re
board if you’re on the board and you’re like hey guys these guys like tell take
like hey guys these guys like tell take
like hey guys these guys like tell take me through that you know so for starters
me through that you know so for starters
me through that you know so for starters most of those situations you know the
most of those situations you know the
most of those situations you know the the somebody like Ben knows all of his
the somebody like Ben knows all of his
the somebody like Ben knows all of his competitors and other things that are
competitors and other things that are
competitors and other things that are happening they’re interested what
happening they’re interested what
happening they’re interested what interesting well but before I do and if
interesting well but before I do and if
interesting well but before I do and if I see them they’re mostly just hear some
I see them they’re mostly just hear some
I see them they’re mostly just hear some data I I actually don’t personally worry
data I I actually don’t personally worry
data I I actually don’t personally worry that much about the competitive dynamics
that much about the competitive dynamics
that much about the competitive dynamics in a rapidly emerging segment I believe
in a rapidly emerging segment I believe
in a rapidly emerging segment I believe very strongly you should study your
very strongly you should study your
very strongly you should study your competitors closely understand what
competitors closely understand what
competitors closely understand what they’re doing and then concentrate on
they’re doing and then concentrate on
they’re doing and then concentrate on doing what you do that’s unique and
doing what you do that’s unique and
doing what you do that’s unique and special and we’re fortunate in that many
special and we’re fortunate in that many
special and we’re fortunate in that many of the companies we invest in are you
of the companies we invest in are you
of the companies we invest in are you know the leaders in their market or the
know the leaders in their market or the
know the leaders in their market or the number two in their market and those are
number two in their market and those are
number two in their market and those are both you know the classic GE be number
both you know the classic GE be number
both you know the classic GE be number one or be number two in your market as
one or be number two in your market as
one or be number two in your market as an adventure investor I’m okay with
an adventure investor I’m okay with
an adventure investor I’m okay with either of those positions they require
either of those positions they require
either of those positions they require different strategies and when you look
different strategies and when you look
different strategies and when you look at the competitive dynamics like to say
at the competitive dynamics like to say
at the competitive dynamics like to say be obsessed about your competitors while
be obsessed about your competitors while
be obsessed about your competitors while not worrying about them at all know what
not worrying about them at all know what
not worrying about them at all know what they’re doing but stay focused on what
they’re doing but stay focused on what
they’re doing but stay focused on what you’re trying to achieve and if what
you’re trying to achieve and if what
you’re trying to achieve and if what you’re trying to achieve doesn’t make
you’re trying to achieve doesn’t make
you’re trying to achieve doesn’t make sense at some point change it but don’t
sense at some point change it but don’t
sense at some point change it but don’t let it be influenced by whatever the
let it be influenced by whatever the
let it be influenced by whatever the latest thing that somebody wrote about
latest thing that somebody wrote about
latest thing that somebody wrote about it’ll be data-driven okay it’s nice that
it’ll be data-driven okay it’s nice that
it’ll be data-driven okay it’s nice that everybody’s talking about them but does
everybody’s talking about them but does
everybody’s talking about them but does it actually have any impact on what’s
it actually have any impact on what’s
it actually have any impact on what’s happening to you and is it actually the
happening to you and is it actually the
happening to you and is it actually the same thing you’re doing or is it just a
same thing you’re doing or is it just a
same thing you’re doing or is it just a lightweight copy of what you’re doing
lightweight copy of what you’re doing
lightweight copy of what you’re doing and if it’s a lightweight copy of what
and if it’s a lightweight copy of what
and if it’s a lightweight copy of what you’re doing what are you doing that’s
you’re doing what are you doing that’s
you’re doing what are you doing that’s different and defensible okay good stuff
different and defensible okay good stuff
different and defensible okay good stuff a couple more questions and then you’re
a couple more questions and then you’re
a couple more questions and then you’re off so would you say that early stage
off so would you say that early stage
off so would you say that early stage investing or VC many or whatever bc’s
investing or VC many or whatever bc’s
investing or VC many or whatever bc’s usually invest in or even late stage is
usually invest in or even late stage is
usually invest in or even late stage is are any of those are all of those are
are any of those are all of those are
are any of those are all of those are none of those like leading indicators of
none of those like leading indicators of
none of those like leading indicators of what’s becoming hot or is the trailing
what’s becoming hot or is the trailing
what’s becoming hot or is the trailing indicators and that it’s already been
indicators and that it’s already been
indicators and that it’s already been hot it’s grown and they’re not the money
hot it’s grown and they’re not the money
hot it’s grown and they’re not the money comes after it I think it varies by
comes after it I think it varies by
comes after it I think it varies by investor I think a mistake that a lot of
investor I think a mistake that a lot of
investor I think a mistake that a lot of entrepreneurs make is looking at VCS as
entrepreneurs make is looking at VCS as
entrepreneurs make is looking at VCS as a single archetype yeah you know there’s
a single archetype yeah you know there’s
a single archetype yeah you know there’s I don’t know whether there’s 10 or 20 or
I don’t know whether there’s 10 or 20 or
I don’t know whether there’s 10 or 20 or 50 archetypes but it’s like Dungeons and
50 archetypes but it’s like Dungeons and
50 archetypes but it’s like Dungeons and Dragons which is what I played when I
Dragons which is what I played when I
Dragons which is what I played when I was a kid or magic the gathering or you
was a kid or magic the gathering or you
was a kid or magic the gathering or you know there’s just a lot of different
know there’s just a lot of different
know there’s just a lot of different archetypes and to say all vc’s fit in
archetypes and to say all vc’s fit in
archetypes and to say all vc’s fit in the same archetype and there
the same archetype and there
the same archetype and there or is an error an early-stage investor
or is an error an early-stage investor
or is an error an early-stage investor that has very very deep knowledge in an
that has very very deep knowledge in an
that has very very deep knowledge in an area can be a very powerful leading
area can be a very powerful leading
area can be a very powerful leading indicator that person can also
indicator that person can also
indicator that person can also completely miss the boat I said just
completely miss the boat I said just
completely miss the boat I said just because they’re an early-stage investor
because they’re an early-stage investor
because they’re an early-stage investor doesn’t necessarily mean that they’re
doesn’t necessarily mean that they’re
doesn’t necessarily mean that they’re going to be leading a care and the same
going to be leading a care and the same
going to be leading a care and the same is true the other direction right the
is true the other direction right the
is true the other direction right the later stage investor that is investing
later stage investor that is investing
later stage investor that is investing in things in a significant way but
in things in a significant way but
in things in a significant way but before anybody really recognizes that
before anybody really recognizes that
before anybody really recognizes that that category is taking off actually
that category is taking off actually
that category is taking off actually might be a good leading indicator
might be a good leading indicator
might be a good leading indicator they’re also very obvious lagging
they’re also very obvious lagging
they’re also very obvious lagging indicator characteristics right the 17th
indicator characteristics right the 17th
indicator characteristics right the 17th thing that gets funded that looks like
thing that gets funded that looks like
thing that gets funded that looks like cheeseburger for example okay got it
cheeseburger for example okay got it
cheeseburger for example okay got it right and so but that’s already you know
right and so but that’s already you know
right and so but that’s already you know that ship has sailed and then you have
that ship has sailed and then you have
that ship has sailed and then you have to ask the interesting question is is
to ask the interesting question is is
to ask the interesting question is is what cheeseburgers mission still
what cheeseburgers mission still
what cheeseburgers mission still compelling and relevant and a company
compelling and relevant and a company
compelling and relevant and a company that never refreshes what it’s trying to
that never refreshes what it’s trying to
that never refreshes what it’s trying to get at based on the dynamics of how the
get at based on the dynamics of how the
get at based on the dynamics of how the market unfolds is probably not one
market unfolds is probably not one
market unfolds is probably not one that’s going to be successful good stuff
that’s going to be successful good stuff
that’s going to be successful good stuff last question are you expecting a big
last question are you expecting a big
last question are you expecting a big shake out amongst all the incubators
shake out amongst all the incubators
shake out amongst all the incubators that have popped up around the country
that have popped up around the country
that have popped up around the country and in fact around the world so separate
and in fact around the world so separate
and in fact around the world so separate incubators from accelerators because I
incubators from accelerators because I
incubators from accelerators because I really use the words deliberately
really use the words deliberately
really use the words deliberately different so extend what is what are you
different so extend what is what are you
different so extend what is what are you well for me an accelerator is a program
well for me an accelerator is a program
well for me an accelerator is a program like TechStars that give somebody money
like TechStars that give somebody money
like TechStars that give somebody money gives a company money relatively small
gives a company money relatively small
gives a company money relatively small amount of money in exchange for some
amount of money in exchange for some
amount of money in exchange for some equity in the company puts them through
equity in the company puts them through
equity in the company puts them through a 90-day program the style that is a
a 90-day program the style that is a
a 90-day program the style that is a text our style is a very heavy mentor
text our style is a very heavy mentor
text our style is a very heavy mentor driven program you’re surrounded by 50
driven program you’re surrounded by 50
driven program you’re surrounded by 50 50 to 100 mentors for the program and
50 to 100 mentors for the program and
50 to 100 mentors for the program and whatever the geography it is and that 90
whatever the geography it is and that 90
whatever the geography it is and that 90 day cycle at the end and buy the land
day cycle at the end and buy the land
day cycle at the end and buy the land techstars there’s a belief that you have
techstars there’s a belief that you have
techstars there’s a belief that you have to be co-located so there’s a lot of
to be co-located so there’s a lot of
to be co-located so there’s a lot of value in having everybody in the same
value in having everybody in the same
value in having everybody in the same physical space for variety of reasons
physical space for variety of reasons
physical space for variety of reasons and at the end of it you know the
and at the end of it you know the
and at the end of it you know the companies are launched and they might be
companies are launched and they might be
companies are launched and they might be launched during the program some of them
launched during the program some of them
launched during the program some of them are watched before they come in the
are watched before they come in the
are watched before they come in the program but there’s another level of
program but there’s another level of
program but there’s another level of launch that happens at the end of the
launch that happens at the end of the
launch that happens at the end of the probe an incubator is physical space
probe an incubator is physical space
probe an incubator is physical space that the current best example of
that the current best example of
that the current best example of incubators are co-working spaces there
incubators are co-working spaces there
incubators are co-working spaces there places where people can congregate in
places where people can congregate in
places where people can congregate in one place and they typically pay rent
one place and they typically pay rent
one place and they typically pay rent and sometimes there’s some other
and sometimes there’s some other
and sometimes there’s some other economic dynamics associated with but
economic dynamics associated with but
economic dynamics associated with but it’s a way to concentrate entrepreneur
it’s a way to concentrate entrepreneur
it’s a way to concentrate entrepreneur Leonard
Leonard
Leonard but there’s no duration dynamic usually
but there’s no duration dynamic usually
but there’s no duration dynamic usually in an incubator you stay for however
in an incubator you stay for however
in an incubator you stay for however long you want to pay rent there is no
long you want to pay rent there is no
long you want to pay rent there is no structure around it that’s formalized
structure around it that’s formalized
structure around it that’s formalized the structure is very ad hoc in some
the structure is very ad hoc in some
the structure is very ad hoc in some cases there are programmatic activities
cases there are programmatic activities
cases there are programmatic activities but it’s not the same as accelerator I I
but it’s not the same as accelerator I I
but it’s not the same as accelerator I I think co-working spaces are good i’m a
think co-working spaces are good i’m a
think co-working spaces are good i’m a big believer in this notion of
big believer in this notion of
big believer in this notion of entrepreneurial density in the book
entrepreneurial density in the book
entrepreneurial density in the book before startup life startup communities
before startup life startup communities
before startup life startup communities you know which is the one that we’re
you know which is the one that we’re
you know which is the one that we’re talking about here today i talked about
talking about here today i talked about
talking about here today i talked about this idea of entrepreneurial density and
this idea of entrepreneurial density and
this idea of entrepreneurial density and really concentrating the entrepreneurs
really concentrating the entrepreneurs
really concentrating the entrepreneurs in a relatively tight geography which in
in a relatively tight geography which in
in a relatively tight geography which in Boulder for example is like five blocks
Boulder for example is like five blocks
Boulder for example is like five blocks by ten blocks in downtown Boulder and
by ten blocks in downtown Boulder and
by ten blocks in downtown Boulder and you in New York you know union square is
you in New York you know union square is
you in New York you know union square is a great place of entrepreneur density so
a great place of entrepreneur density so
a great place of entrepreneur density so I think that they’re useful but I think
I think that they’re useful but I think
I think that they’re useful but I think accelerators are magical accelerators
accelerators are magical accelerators
accelerators are magical accelerators are something that essentially become
are something that essentially become
are something that essentially become education for entrepreneurs their
education for entrepreneurs their
education for entrepreneurs their graduate school like phenomena that
graduate school like phenomena that
graduate school like phenomena that happens in a very concentrated period of
happens in a very concentrated period of
happens in a very concentrated period of time that not just gives them access to
time that not just gives them access to
time that not just gives them access to a little bit of capital and mentors but
a little bit of capital and mentors but
a little bit of capital and mentors but yr is them together in a very
yr is them together in a very
yr is them together in a very substantive way puts incredible pressure
substantive way puts incredible pressure
substantive way puts incredible pressure on the team to execute a lot over a
on the team to execute a lot over a
on the team to execute a lot over a short period of time gets them connected
short period of time gets them connected
short period of time gets them connected into the community in a much more
into the community in a much more
into the community in a much more credible way the question of will there
credible way the question of will there
credible way the question of will there be a shakeout of course there will be
be a shakeout of course there will be
be a shakeout of course there will be some that succeed and fail I actually
some that succeed and fail I actually
some that succeed and fail I actually don’t know on a macro basis what the arc
don’t know on a macro basis what the arc
don’t know on a macro basis what the arc is I think the hardest point for an
is I think the hardest point for an
is I think the hardest point for an accelerator is the self sustainable part
accelerator is the self sustainable part
accelerator is the self sustainable part of it the first year is really easy
of it the first year is really easy
of it the first year is really easy everybody is excited there’s a new
everybody is excited there’s a new
everybody is excited there’s a new accelerator boom the second year usually
accelerator boom the second year usually
accelerator boom the second year usually relatively easy still the third year
relatively easy still the third year
relatively easy still the third year people realize oh this is hard like you
people realize oh this is hard like you
people realize oh this is hard like you know there’s not quick exits like it’s
know there’s not quick exits like it’s
know there’s not quick exits like it’s more capital going in and the people
more capital going in and the people
more capital going in and the people running the accelerator realized this is
running the accelerator realized this is
running the accelerator realized this is not a get-rich-quick scheme and the
not a get-rich-quick scheme and the
not a get-rich-quick scheme and the community if the community hasn’t
community if the community hasn’t
community if the community hasn’t rallied around the accelerator or if
rallied around the accelerator or if
rallied around the accelerator or if there’s not other stuff all of a sudden
there’s not other stuff all of a sudden
there’s not other stuff all of a sudden it starts to feel a little lonely so I
it starts to feel a little lonely so I
it starts to feel a little lonely so I think that there’s definitely lots of
think that there’s definitely lots of
think that there’s definitely lots of examples of accelerators that will go
examples of accelerators that will go
examples of accelerators that will go through a two or three or four year art
through a two or three or four year art
through a two or three or four year art but I don’t think we’re anywhere close
but I don’t think we’re anywhere close
but I don’t think we’re anywhere close to the ability to saturation in terms of
to the ability to saturation in terms of
to the ability to saturation in terms of this dynamic and I think it’s a model
this dynamic and I think it’s a model
this dynamic and I think it’s a model which will continue to evolve a text
which will continue to evolve a text
which will continue to evolve a text arts but i think has durability for a
arts but i think has durability for a
arts but i think has durability for a very long time good stuff that was Brad
very long time good stuff that was Brad
very long time good stuff that was Brad Feld with us on this installment of hit
Feld with us on this installment of hit
Feld with us on this installment of hit mojo see you next time
”
Be First to Comment