The “Magic Genie Fallacy” phenomenon, in which people start to believe that they need someone else’s magic advice to propel themselves forward, can be counterproductive to both the lamp seeker and the lamp possessor.
I would like to publicly thank my mom for sending a cool and collected text message after her recent accident. That simple message gave me hope that offering kindly candid feedback can, in fact, improve relationships, including the one I have with my mom.
Some of my biggest accomplishments and happiest moments have stemmed from a feeling of discomfort. I am going to publicly commit to staying out of my comfort zone for at least six weeks.
I allowed myself to include all of my “ridiculous” wants and aspirations on my list of 2023 goals, one of which was “finding a coach and co-collaborator who would agree to hold meetings from the chairlift.” Believe it or not, I was actually able to manifest that.
I have learned the important lesson that being mediocre at anything is not a “safe” path to success. I now realize that the “safe” path for others may not be the best route for me.
In investing, and in life in general, an ability to foresee potential pitfalls has served me well. However, being able to see what can go wrong can prevent me from seizing an opportunity. I sometimes forget that most of my successes have been the result of seemingly impossible feats.
While holidays are designed to help people rest, I almost always feel exhausted after them. I’ve started to take a completely different approach. Especially if you are a type A entrepreneur, this approach may work for you, too.
I receive far more requests for help than I can possibly fulfill. I am much better at saying no than I used to be, but it is something I am still working on. A friend recently modeled how to say no in a way that was actually more helpful than a yes. I’m going to try her approach going forward.
Asking for a referral can be a delicate request to make, so I am sharing some tips on how to ask for them.
I have been asking for feedback more than usual. I have found that I receive better feedback when I share some context upfront. In case this will help you when you ask for feedback, here is what I've been sharing.
It is fitting that this investment in the end of life will be MergeLane’s last. We are excited to announce our recent investment in After, an online cremation planning and fulfillment service.
I’ve spent most of my life learning how to turn off my passion for just long enough to eat and sleep. I’ve never had to learn how to turn it on. After a recent long stretch without that passion, here's my hypothesis as to why I think it is coming back.
I tried for many years to maintain a jam-packed schedule with zero margin for error, but life never seems to fit into perfectly scheduled boxes. After a straw-that-broke-the-camel’s-back moment, I’m learning to live off of the brink of disaster.
New Builders are essential to a more dynamic and diverse economy, but they are also driving revitalization in the neighborhoods where others have given up hope.
I've spent more time than necessary on our fund administration and reporting, in part because of some of the easily avoidable administrative mistakes I’ve made over my 10-year journey as a startup investor.
Over these past two months and throughout all of 2020, I've learned something that I want to record to make sure that I remember: My anxiety about the potential outcomes is almost always worse than the actual outcome.
In this second episode of a new series to feature startups sourced from our Fund81 VC forum members’ portfolios, I interviewed Alaffia Technology Solutions nominated by the Hustle Fund.
In this episode, Beezer shares how the pandemic is affecting Sapphire Partners’ investment strategy. I also share what I’ve been seeing from investing in startups and venture capital funds through our MergeLane fund.
I want to keep reminding myself that nearly 50 percent of my fellow Americans desired a different outcome for this election. I believe that in politics, business, and life, understanding and collaborating with your adversaries is the key to driving change.
Trinet founder Martin Babinec offers timely advice on why and how VCs should engage politically, and how they can leverage opportunities outside traditional startup ecosystems.
I've learned a lot about life and business from my mother’s and my five-year journey to reconcile our political differences. I want to share our story because I think it may be of service regardless of which way you lean politically.
I’m starting a new series to feature some startups sourced from our Fund81 VC forum members’ portfolios. In this episode, I interviewed Gurjot Narwal, CEO of Gini Health.
I have been doing a lot of thinking about how I can add differentiated value to our MergeLane portfolio. I’m asking myself six questions to that end.
Here are five things I think every startup and VC can learn by paying attention to what the Hustle Fund is up to.
I was optimistic that I could will myself to keep my normal pace when the smoke settled in. I think I need to take a different approach.
The proliferation of venture capital funds has left many VCs wondering how to deliver unique value to their portfolio companies and how to scale that value to fit their portfolio strategy. I invited Ben Capell, partner at Peterson Ventures, to join us for a candid conversation.
When I listened to this story about a black entrepreneur who has been unable to raise funding for his startup, it made me wonder whether the investors he pitched had given him authentic feedback.
After my business partner had a serious health scare 18 months ago, I started asking myself three questions every day. I've added a fourth during this pandemic.
I invited Evan Walden of Getro to share his thoughts on recruiting top talent in the current environment and the role VCs can play to help their portfolio companies address this ongoing issue.
My colleagues Sue Heilbronner and Leah Pearlman Iaunched their Marco Polo Channel, Inside Coaching, this week. Here’s why and how I’m making the channel a part of my weekly routine.
A few of our portfolio companies considered whether to reopen their previous round or open a new round with a higher valuation. If you are considering the same question, here are the thoughts I shared with one of those companies.
Somewhere in my childhood, I learned to hide and feel guilty for my success. It wasn't until recently that I realized how much that inhibited my ability to actually achieve success.
I thought I had overcome my fear of peer pressure when I was 16, but this coronavirus experience has proved me wrong. I broke my commitment to tell the truth at a time when candor could have been of service.
Over the past few months, I've seen an increasing number of pitches from startups tackling the world’s biggest environmental and social problems like climate change, gun violence, and the mental health crisis. I'm also finding that I’m becoming more determined to invest in world-changing startups.
Kim Smith, executive director of the League of Innovative Schools, shares her thought-provoking insights to help drive racial equality in our venture capital industry, and makes a powerful call for white co-conspirators who are ready, willing, and able to fight.
I am grateful for the clarity and inspiration this emotional time has afforded me. I am more driven to do work that matters than ever before. Because we still have a long road ahead, I'm going to take an emotional breather.
We sourced five startups from our Fund81 VC forum members to present for our June forum. Check out this episode to hear pitches from these incredibly tenacious entrepreneurs.
I find that I have to expend three times more energy to feel productive during the holidays. This pattern tends to persist not only during the week of July 4th, but for the entire month of July.
I have fielded several requests for introductions this week. I like to be helpful, but I also like to be respectful of my network’s time. I'd like to share a few tips for making double opt-in intros easy.
I’ve always thought of myself as someone who has a modern marriage. Three months into this COVID-19 situation, however, I'm starting to feel like I'm stuck in a 1950s sitcom.
In a conversation on my partners Sue and Leah’s Marco Polo Channel this week, I shared that my fear of how my participation may be received given my white privilege has historically kept me on the sidelines of the racial equality conversation. Guest coach Kimberly Smith gave me some great advice.
As a VC, I have the opportunity to build relationships with people who have tremendous resources. I often hesitate to ask my network to support philanthropic causes, because I want to respect our business relationship. After seeing the impact of COVID-19, however, I decided it was time to ask.
I post my most interesting weekly thoughts, coupled with the best of my listening and reading list, and occasional MergeLane portfolio news each Tuesday. Here’s the best of what I’ve read and listened to this week:
I invited Dick Rothkopf, co-founder of Learning Curve International, the manufacturer of the Thomas the Tank Engine toys, to share his thoughts on how to spot big thinkers and big ideas with the propensity to scale, and how to help entrepreneurs think bigger.
During this epidemic, I've been doing more reading, listening, and introspective thinking. In an effort to remember and share some of what I learned, I'm going to start posting my most interesting weekly thoughts + the best of my listening and reading list + occasional MergeLane portfolio news.
Two people I admire recently shared their silver lining in our global COVID-19 pandemic—an excuse to say no to the constant stream of requests for their time. I’ve made great strides in saying no with candor, but it left me wondering: Can I really stop using excuses for my nos?
Without that physical barrier between work and home, many entrepreneurs (including me) have a hard time shutting off. In this podcast episode, I share what I've learned through my experience working from home for the past 15 years.
I invited Seth Levine to join the show because we’ve had some nice conversations about the challenge we each have in managing our personal bandwidth. Since having these conversations, we’ve both managed to carve out more time through some creative outsourcing and delegating.
Dave Balter, CEO of MergeLane-backed Flipside Crypto, has built three previous startups in the midst of economic downturns. He believes recessions are the greatest time to launch into successful models. In this Fund81 podcast episode, Dave shares his thoughts on why these eras drive opportunity.
I’ve been working from home for the past 15 years. I have learned a lot about maximizing productivity, finding work/life harmony, managing home life, staying fit and maintaining a healthy marriage while working from home. I’ve shared some of these lessons learned in this Fund81 podcast episode.
As part of our survey to determine whether COVID-19 will slow VC investment, we asked venture capitalists to share their advice for entrepreneurs who are currently raising or plan to raise capital in the next six months. Here's advice from 21 of those VCs.
Since we are all wondering how COVID-19 will affect venture capital investment, I surveyed some of my Fund81 VC forum members to take quick pulse on their investment plans. Below is the data from the first 34 respondents.
I have battled anxiety for many years. In that journey, I've learned a lot about how to manage it and support others who battle anxiety as well. I thought it might be helpful to share my thoughts.
We’re considering a few different fund administration solutions. I have a lot of questions that other fund managers may have as well. I invited Tiffany Cholez from CFO Fund Services to answer some of these questions live.
We have talked about declaring investment themes since our launch six years ago. Today we settled on one "anti-theme": Founders who dislike authentic feedback.
In this latest Fund81 podcast episode, I share my 2020 plans for the Fund81 forum and podcast, and a few reflections from my short bout of holiday depression.
I’ve now read over a thousand startup investor updates. The most effective updates — the ones that immediately grab my attention and heighten my interest — have similar characteristics. My advice is below, along with a comprehensive template for startup investor updates.
At MergeLane, we’ve been thinking about how changing market conditions may affect our fund in the future. I know many of our listeners are asking themselves that question as well. Our guest, Liza Benson, thrived as a VC through both the dot-com crash in 2000 and the 2008 financial crisis.
Beezer Clarkson invests in early-stage venture funds at Sapphire Partners (the division within Sapphire Ventures that invests in venture funds). In this episode, Beezer shares her perspective on venture capital trends, VC firm differentiation, and nonobvious mistakes for VC fund managers to avoid.
As an entrepreneur and startup investor, I have had many moments of feeling like I am pushing water uphill with a rake. Sometimes, I have kept pushing and have succeeded out of sheer grit. Sometimes, it was time to admit defeat. Two years ago, I had one of those moments.
Elizabeth Yin, co-founder and general partner at the Hustle Fund, shared her thoughts on how to assess a startup’s ability to “hustle”. Her thoughts are applicable to venture capitalists, startups and anyone who wants to work with hustlers.
Nearly every email I receive starts with “Sorry for the delay.” Our always-on culture has set an unwritten expectation that an email should be responded to within 24 hours. To prevent the perpetuation of this cultural expectation, I would like to make my thoughts clear.
We asked our Fund81 forum for venture capitalists to nominate portfolio companies to participate in a startup showcase. We received over 50 nominations. Four of those startups are featured in this episode.
Jocelyn Goldfein from Zetta Venture Partners joined the Fund81 podcast to share her approach to investing in artificial intelligence (AI). With the cost of creating software continuing to decline, Zetta believes the companies of the future will need to build more than just great software to thrive.
I love being active, but I also have high professional aspirations. I’ve spent the last 16 years trying to find a productive balance between the two. In this episode, Nicole DeBoom, pro triathlete turned CEO of Skirt Sports, and I share our thoughts on how to fit fitness into a startup schedule.
Fundraising doesn’t come naturally to David Cohen, founder and co-CEO of Techstars, but he’s learned how to leverage his strengths and team to successfully raise the funds that power the Techstars network. In this episode, he shares his honest and authentic reflections from this experience.
So often I speak with entrepreneurs who have not spoken to anyone outside of their personal circles before spending countless hours on their business. This always catches my attention, because I was once this entrepreneur.
I practice the principles of Conscious Leadership, a methodology and toolkit that accelerates self-awareness. It’s being taught at companies like Yahoo, Goldman Sachs and Ebay and has forever changed every aspect of my life. I estimate that it has bought me about five hours of extra time each day.
In this Fund81 podcast episode, I invited Brad Feld, founding partner of Foundry Group, to share his thoughts on maintaining mental health in the fast-paced venture capital world and supporting portfolio companies, colleagues, friends and family wrestling with mental health issues.
SC Moatti joined the Fund81 podcast to talk about how to discover and vet products in venture capital. We talk about how VCs can spot indications of future product success, creative ways to look under the hood before investing, and the product-related questions most venture capitalists fail to ask.
Rapid-fire explanations without curiosity or engagement often feel like dressed-up defensiveness. I’m not terribly game to build a relationship with someone who feels defensive from the start.
I’ve seen thousands of startup investor pitches. Since I find myself offering the same feedback over and over, I thought it might be helpful to share my nine most common points of investor pitch feedback.
In this Fund81 podcast episode, we talk about something that has made our team at MergeLane better investors - the Enneagram Personality Typing System. To talk about how the Enneagram can help other VCs, I invited Kaley Klemp to join the podcast.
As a venture capitalist, I am frequently surrounded by exceptionally high-performing and inspiring people. Until recently, I had never stopped to think about the impact of that.
We are big proponents of using the 15 Commitments in the work we do in Conscious Leadership. However, as an Enneagram Type 1 who is most happy at maximum productivity, I’ve always had a hard time buying into Commitment #9, the commitment to play and rest. Until yesterday….
I’ve made a decision to take a break from speaking engagements that focus topically on women, women in startups, investing in women, women as leaders, and the rest. This includes events that may not be topically focused on women but are part of something called a “women’s track.” Here's why.
I am extremely disciplined and focused. However, this can also be a detriment. Anything I perceive as a distraction from my to-do list feels stressful, and I have to constantly tell myself that off-the-to-do-list opportunities are often the best opportunities. I was recently reminded of that.
For the final episode of Fund81's first season, I interviewed Jaclyn Freeman Hester from Foundry Group. As someone relatively new to the industry, she has a fresh perspective on what's compelling to institutional investors and an incredible pulse on the landscape for emerging VC managers. Enjoy!
I’m trying to focus my time on opportunities to operate in my zone of genius and a few select priority areas in line with my passions and in which I feel I can make the most impact, aka my true north. To help all of us stay the course, I thought it might be helpful to share those priorities.
I gave first without question for almost five years. It came back to me in spades. I don’t regret it, and I think it was exactly the right thing for me to do at the time. But then….it just got to be too much.
Could I be more effective if I simply surrendered to a schedule that felt natural to me? After some serious self-reflection and experimentation, I can unequivocally say YES.
Dave Balter, the CEO of one of our MergeLane portfolio companies, Flipside Crypto, shares his perspective on investing in the cryptocurrency space. Dave is obsessed with and extremely knowledgeable about cryptocurrency, and has an interesting perspective from both sides of the table.
It has been a great few weeks for the MergeLane fund. When people ask us what our criteria are for investments, we always talk about team as the distant number one priority. I wanted to share this recent, wonderful interchange with TomboyX after a great week for them:
How the media (and more) judges emotion in leadership differently between men and women, and the costs of those judgments.
Most venture capital funds target a minimum ownership percentage when making investments. In this Fund81 episode, Amish Jani, a founder and Managing Director of FirstMark Capital, shares his take on why ownership matters and how funds of different sizes and strategies determine ownership targets.
Venture capital funds are typically structured to have a 10-year lifespan, but venture-backed companies often take more than 10 years to achieve an exit and return capital to their investors. In this Fund81 podcast episode, we discuss solutions to this problem with our our guest, Roland Reynolds.
This year, I decided to do an experiment. To build our MergeLane investor and mentor network, I dedicated four months to exclusively focus on meetings that involved skiing.
Conscious Leadership has been a game-changer for our partnership and our investing. For this Fund81 podcast interview, I invited my business partner at the MergeLane venture fund for high-potential startups with at least one woman in leadership, Sue Heilbronner, to talk about Conscious Leadership.
Dennis Adsit of Adsum Insights guest blogs about turning your one-on-ones from pedestrian checklist run-throughs to opportunities for connection and growth.
Gaining an understanding of venture fund legal terms can be a bit like learning a foreign language. In this episode, my guest, Mark Weakley, helps us navigate some of the more complicated terms commonly seen in venture fund legal documents.
I cannot think of a commitment my mother has ever broken. The importance she places on her commitments is one of her best qualities. I am proud that I inherited this quality. However, my goal for 2018 is to actually allow myself to break a few commitments.
In this podcast, I spoke with Bill Maris, the founder of Google Ventures (GV) and Section 32, who happens to be an introvert. I am also an introvert and have been doing a lot of thinking about how my introversion plays into my life as a venture capitalist. We explore this topic in this episode.
Our co-founder Sue Heilbronner shared her thoughts on the best mentor/advisor question she’s ever been asked
Venture Capitalists are increasingly looking for ways to differentiate themselves and produce better returns. One popular path to this is specialization according to geography, industry sector, etc. Nick Moran, GP at New Stack Ventures and host of the Full Ratchet podcast, shares his insights.
Venture fund legal terms can sound a bit like a foreign language to new venture capitalists and venture fund investors. In this Fund81 podcast episode, Liz Meade, a new angel investor considering venture fund investments, interviews me to decode some of the lingo in venture fund offering agreements.