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Gut wrenching decisions

6 Mar

Yesterday we made final decisions for the next TechStars NYC class.  It was absolutely gut wrenching.  We had over 1700 applications, we narrowed it down to about 40ish, and then picked the final class from there.  It took us FOREVER to decide this round – lots of debates back and forth between myself and Eugene.  There were so many teams we fell in love with, there were so many projects we fell in love with, and I think today I just realized what my least favorite part of my job is.  SAYING NO.  I absolutely hate telling an entrepreneur no, I really want to help all of them.

I take these decisions very seriously – and for those that were not selected for this next class – know that I love what you’re doing, I think you have what it takes.   I deeply and sincerely thank you for your time and energy.  And my best outcome for you (other than landing in another TechStars program!) is that you kick total ass and prove my decision wrong.

While this should be a joyous day for me… looking forward to what the future holds… today I’m going to just be sad and disappointed for a while.

TechStars early application deadline for NYC is today – why you should apply now and not wait

4 Jan

I’m spending about 95% of my waking hours right now on TechStars – reflected so in this blog!  Bare with me as I get through this.

Early application deadline for TechStars NYC is tonight at 11:59:59 ET.  I’ve complied an awesome list of reasons why you should apply TODAY and not wait until the final deadline.

 

TechStars for a Day Opportunity!
Applying by tonight makes you eligible for a TechStars for a Day invite.  TS4AD is a 3 hour min-camp, featuring a handful of awesome speakers, alumni, and mentors.  It lets you get a small glimpse of what TechStars is really like, hopefully you’ll walk away with great feedback on what you’re doing, new ideas on how to think about things, and maybe even a contact or two.  This year’s TS4AD features some amazing people including Ben Lerer, Joel Spolsky, Patrick Keane, David Cohen, Alexandra Wilkis Wilson, Jay Levy, David Tisch, Ben Siscovick, me, and more.  It’s a power-packed few hours, designed to add value to your startup and let us get to know you better.

I need time to get to know you
The earlier you apply, the more time I can spend on your application, watching your videos, perusing your website, playing with the demo, etc.  25% of our applications come in the last day – and if you do the math, there’s no way humanly possible I can get through them all with any sort of quality.  I end up skimming and skipping – and that’s just not how you want me interacting with your application.

You need time to prove what you’re capable of
If you’re paying attention, you know that an awesome team is our #1 criteria.  One of the critical aspects of the team is selecting a team that knows how to execute like mad.  Execute Execute Execute!  If you apply early, you can prove to us how quickly you can execute.  I remember working with the founders at Orbotix, before they had even conceptualized Sphero.  Every day, they’d show me a new device they built to show off their talents.  So go thee and execute – get your alpha launched, get users, improve your design – show me that you can build this thing you say you can build.  Pro:tip – A little used feature of the application is the ‘update’ capability.  Simply by sending an email to appupdates at notes.accelerato.rs from the email that was used to create the application, you can update it with any progress you’ve made.  I go in frequently and look for which applications have been updated with great stuff.

 

So stop reading this blog post and get your damn application in already!  http://apply.techstars.com

 

 

Working mama challenge #533

1 Sep

Wednesday I flew into and out of Chicago for an investor event (Excelerate Demo Day!).  But working mama challenge #533 almost got the better of me.  My alarm went off at 4am so I could catch a 6am flight.  But we still share a family bed, so my son Jackson decided he wasn’t happy that I was getting up.  I couldn’t spend the time to get him back to sleep because I was riding the line of being incredibly late for my flight.   So I had to get my husband up at 4am to help quiet Jackson to keep him from waking the rest of the house (which included my 2 year old daughter Aleka, my 10 week old niece Lyla, and sister & brother-in-laws Katrina & William).

Now I’m running late.  Very late.  I pull into the parking lot at the airport with 45 minutes till departure.  I sprint through the parking lot to the terminal, in heels, while simultaneously digging for my drivers license.  Of course the security line is long, which only serves to add to my anxiety level.  I get stopped at security because I have an ice pack (I’m still nursing Jackson, therefore I’m pumping, and need to carry a cooler with ice pack when I travel).  I’m already frustrated, mostly with myself for running late, but the TSA guy doesn’t help the situation by saying stupid things like ‘where’s the baby?’ (uh, I wouldn’t have to pump if I had the baby with me) and “good thing your ice pack is still frozen or we’d have to take it from you” (really?  I don’t think so – ice packs melt buddy, it happens, and you’d spoil the milk if you took it, and if you had any clue how much pumping sucks, you would never want to mess with a mama and her pumped breast milk for fear of losing life or limb.)

So after a verbal scuffle with the TSA guy, I arrive at the gate basically as they’re closing the doors to the plane.  At least I made it!

But now that I’m on the plane, I really need to pump before I ruin my only shirt.  And I’m trapped between two beverage carts that are taking forever.  So finally, the flight attendant lets me get up but directs me to the front lavatory.  In the rear of the plane, there are two lavatories, so it goes unnoticed if you take a while.  But at the front, there is only a single lavatory.  I sigh, knowing that people will be waiting for it to free up and it takes me a full 15 minutes to pump, 20 if you include prep time and cleanup time.

So there I am, sitting on the toilet on flight #533, 8 minutes into the pumping (and 7 minutes to go still), and the flight attendant begins to bang on the door.  “Are you okay?” he shouts over the hum of the engine.  “Yes” I reply, hoping he’ll leave me alone.  “Can I get you anything?” he presses.  “Nope, I’m fine, thank you.” I return.  I’m thinking please leave me alone now, embarrassed.  “There are people waiting out here” he pounds.  “I need another 5 minutes” I retort.  “Can you hurry it up?” he continues to push.

At this point in the story, you have to understand how I feel.  I’m sleep deprived, groggy, stressed out, and embarrassed.  But now, I’m pissed because he’s not taking the hint and won’t leave me alone.  “Listen”, I yell.  “I’m pumping breast milk.  Okay?  Your stupid beverage carts trapped people in their seats for over an hour, my boobs started to leak, I’m in my only shirt, I’m headed to a big investor meeting, and I HAVE to finish.  Okay?  Tell the guests I’ll be out momentarily or use the other lavatory”.

Silence from the other side of the door.  “Okay” he says meekly.

When I finally finish and exit the lavatory, he’s still standing there.  I blush.  He blushes, the first passenger in line smirks and avoids my eye contact, and the 2nd passenger in line is a woman and high-fives me.

Great.  Can I just go back into the lavatory and hide until everyone is off the plane please?

So I dedicate this posting, Working Mama Challenge #533 to all mamas that have ever had to pump breast milk on an airplane.

Hanging at Big Boulder Conference

21 Jun

Today I was lucky enough to moderate a panel called Blogs, Comments, Forums and Rich Social Data Gestures for Big Boulder Conference, an event of epic quality organized by Gnip.  I was joined by Mark O’Sullivan from Vanilla Forums, Mike Preuss from Formspring, Ro Gupta of Disqus, and Martin Remy from Automattic.

One of the great things about being a moderator is that you learn a ton about the topic on which you’re moderating.  I learned a lot about community and the value in giving people various ways to express themselves.  Some people like the long blog format – while others just prefer to comment on blogs.  Forums work for many, where there isn’t one dominant voice, rather a chorus of voices that make up a collective interest area.  Some (like me) focus on the 140 character updates via Twitter.  And some people go for the extremely lightweight interactions such as likes and smiley faces to engage in their comunity.  But regardless of your personal communication style, the platforms that exist today have allowed people with similar interests across massive geographic expanses come together. Mark was telling me about a Koren pop artist forum that likes to create user-generated stories about those pop artists, but that many of the users were in the US.  Martin mentioned that the Turks are some of the most vocal in social media. I learned that a share on Facebook goes about twice as far as a share on Twitter, and that people who login with their Facebook accounts are MUCH less likely to be spammers.  And finally that building a business exclusively on Twitter or Facebook can be extremely dangerous – one new feature rollout could literally kill your company.  And that the social data generated by all these services is massively valuable and monatized by companies like Gnip.

At the end of the day, I realized how lucky I am to be a part of a great community both online here and offline in Boulder.  And it was great to meet my fellow panelists and be a part of Big Boulder Conference.

You can read Gnip’s summary of the talk here.

Best Schwag Ever

21 Jun

My favorite beer of the week is the amazing Liquidation Preference Spring Equinox Ale from my friends at Foundry Group.  Comes with its own bottle opener!  One of the ingredients is condensed fog.  Love it.  You guys continue to amaze me.

Look what they did to my car

6 Jun

The Summer Associates at TechStars Boulder borrowed my car today to pick up food for an event.  Look what they did!

(thanks to Action Movie FX for the entertainment!)

Good at naming stuff? Want to win $500?

1 Jun

One of the TechStars Boulder 2012 portfolio companies, Palmling, is going through a re-branding exercise, and they need your help!

First off, Palmling is an awesome service that I wish I had years ago.  They provide access to language translators, from any phone, at any time.  Say you’re sick in Thailand and desperately need Immodium (this happened to me!), but how the hell do you say “I’m having major bowel issues and desperately need something to help!” to a pharmacist?  Now, it’s easy.  You whip out your phone, you call a number, you put the call on speakerphone, and you get a live translator that will help you communicate with the pharmacist.  BRILLIANT!  They’re literally breaking down the language barriers in every single corner of the world (that has a phone or cell signal…)

Anyway, we all agree that the Palmling name sucks (sorry Ryan & Kunal, but it does!).  So they need a new name!  Submit your name idea here, and if that name ultimately gets chosen, you’ll win $500.  Sweet!

Go yee and name.

Windows with a new home

26 May

My husband and I have been going through a slow and long process to finish our basement.  Last summer we ripped out our old alumnium windows and replaced them with double pane energy-efficient ones, and we posted those old windows on CraigsList.  I figured someone would have a use for them.

Turns out, that someone is living an awesome little dream.  Meet Greg, who is converting a beat-up old camper into a little mini-house that they’ll park on the beach somewhere in Mexico.  He bought our old windows for his new house.  This makes me unbelievably happy.  To think that my old windows are retiring on a beach in Mexico just makes me smile.

Anyway, I thought I’d share his website as he recently reached out to me to share their progress.  I love it when people set their minds and build something amazing.  You go Greg.

Read more about his Little Casita Project here.

 

 

The Thank You Card

11 May

The art of the thank you card has largely gone by the wayside, which is unfortunate because I love them.  We're all so busy, that just to take the time to hand-write a note, find an envelope (just in case you forgot what one was), and even get a stamp – it speaks volumes and always sticks out in my mind.  Plus 99.99999& of all mail I get are bills, so just getting something truly personal is a breath of fresh air.  I just wanted to give a public shoutout to the teams at Lasso, Doccaster, MyReci, and Insatiable Genius for the fun thank you cards and gifts.  You're awesome.

Why yesterday was my worst day

31 Mar

I spent the last 12 weeks reading over 1000 applications for 10 spots to the TechStars program in Boulder.  Of those teams, I probably talked to 500+ companies, either in person or over email.  I got to know them as people, not just as a business name.  My head hurts with all the companies I've crammed in there over the last 3 months.

And yesterday, I had to cut 95% of those teams.  It's gut wrenching and it's the worst part of my job.  I spent all night and most of today responding to teams – some were disappointed and wanted to know why, some took it as a challenge to kick more ass, and some were just angry and needed to vent.

So to those that were cut – I said this in my email to you and I'll say it again.  It's not a vote against your team.  Many times you're just subject to what's most interesting to us right now, and that's a matter of personal opinion.  You could be doing something KILLER and we might  just be interested in something else.  There's no defense against this, it's nothing you did wrong and nothing you could improve upon.

My suggestions to you now are to kick some ass and prove me wrong.  TechStars is a path, not the path.  You can make your own TechStars experience by finding some mentors and subscribing to the Lean Startup methodology.  Make sure you're doing customer development ad nauseum!   Build, get feedback, iterate, build, get feedback, iterate.  If you do that, pretty soon you'll wake up with some traction under your belt and you can thumb your nose at me. And not making the final cut for TechStars will be the best thing that ever happened to your company.  

I truly wish you all the best of luck.  I hope you apply for the Seattle program, and that we'll run into eachother again.