Archive for the ‘Internet entrepreneurs’ Category

My greatest weakness

Monday, July 21st, 2008

WeaknessAnyone who tried to visit any page on this site since last Wednesday already knows what I am about to tell you - my blog has been down for five days. It’s back up now, working just fine, but it appears that the damage has been done. My good SEO ranking on some good terms has been lost, 1/4 of my readers have unsubscribed.

I just wanted to send a quick note out to all of you who have stuck with me through the downtime - thank you! And I’m sorry for the technical difficulties. The short explanation is that this blog is using a technology that one of my new businesses/applications is also using, and when the developers made a change to that application, they managed to take down my blog at the same time. It appears that everything is now fixed and working like it should, hopefully there won’t be any more issues.

This outage really brings to light what I think is my biggest weakness as an entrepreneur - I am not technical enough. I know a bit about technology, definitely enough to talk about it and to understand the concepts, a smattering of HTML. But I am not a “do-er” - and so, when things like this happen, I am at the mercy of others. This fact is hard to take.

I am honestly not sure what the solution to the problem is, either. As the president of my company, I shouldn’t be the one who is doing all the nitty gritty work - that would be a waste of time and resources. I also don’t have the time to go back to school and to take classes to learn all this stuff that I wish I already knew. I could regret my college major (maybe computer science would have been a better choice than English, no matter how much I loved reading those books), but then again, if I had majored in computer science, who knows where I would be now. Maybe the influences of Maya Angelou (On The Pulse of the Morning), Sylvia Plath and Ralph Ellison are part of what has inspired me to be the person I am today, to do what I am doing right now. And regrets aren’t helpful, anyway.

So I put my lack of technical expertise in the category of unavoidable things that suck. At least for now. And I try to use this weakness as a reminder that I can’t build this business on my own, that I need help and input from a wide variety of other people to be successful. And I breathe. Slowly.

Photo by solidstate

“You should write about this on your blog”

Tuesday, June 3rd, 2008

One of the best ways that I get new ideas for businesses is to listen to what people suggest I should write about on my blog.

The following scene happens all the time. 

wine glassI’m out with friends, having dinner, a couple of glasses of wine. We start talking about something, which leads to something else, which leads to a topic of interest that everyone at the table knows a little bit about - but not enough to be a real authority on the topic. Once that happens, someone usually pulls out an iPhone to look some stuff up. We either find out the answer to the question and it’s incredibly interesting, or we don’t. Either way, someone turns to me and says: “You should write about this on your blog.”

Sometimes I manage to figure out a way to work the topic into my blog - such as when I wrote about avatars, Web 2.0 and Twitter. But most of the time I don’t because the topics are so random that I can’t immediately figure out a good way to incorporate them - or I don’t have the time to do the research to write an adequate blog post.

And sometimes, when everything comes together perfectly, the topics get turned into ideas for businesses.

Think about it - the ideas that are coming from your friends and family and acquaintances are ideas that are coming straight from your future target audience. And one of the best ways to come up with an idea for a new business is to discover a need and work to fill it. Or to determine an area of widespread interest, and attempt to provide information or a tool or a service to fill in the gap.

Of course, the kernel of the idea isn’t enough substance around which to start a business. And I am certainly not suggesting that anyone should quit their job and start a company after a night out on the town with friends, based on a harebrained scheme cooked up over cocktails. My only point is that if you listen, and filter, you might be able to glean some really good ideas - not only for your blog, but also for your business.

<<As a side note, here is one random thing that someone suggested I write about on my blog, which came up recently during a discussion about the outrageous price of gas. If you look at your dashboard, where the gas gauge is located, there is a small arrow that points to the side of the car that the gas tank is on. No more straining to look in your side mirrors as you pull up to the gas station. Anyone see a business idea here? I didn’t, which is why I picked this one to share. >>

Gas gauge

 Gas gauge 2

Wine glass photo by emdot

Consulting sucks, but thanks for the work

Thursday, May 22nd, 2008

Starting a company is tricky because there is never enough money. There are ways to raise money, and ways to save money, but usually you are thinking about both of those things because money is tight.

At the moment, I’m doing quite a bit of consulting work to give my company a cash infusion. And this is working quite well. Luckily, the projects are interesting and the clients are delightful to work with. (They also read my blog!) Most importantly, the money is coming in.

Love HateBut although I love my consulting jobs half the time, the other half of the time I despise them. Because every day, every hour, every minute that I spend doing my best work for my clients is time that I take away from working on my start-up.

I consider this to be a necessary evil at the moment. But the process of getting these consulting jobs and using this capital-raising strategy has given me some insight into how to make the process more painless than painful.

My most recent article on The Industry Standard has the full scoop, so go read it now to find out more - Consulting for capital - 5 ways to make it work for your start-up.

These are the five points that the article covers:

1. Charge by the hour
2. Watch the contract terms
3. Learn from the work
4. Network
5. Schedule around your busy times

What strategies do you use to make consulting a positive capital-generating tactic for your start-up?

Photo by *_Abhi_*

Don’t sacrifice your blog in the name of productivity

Tuesday, May 20th, 2008

I have been working more than ever lately, but my blog posts have been scarce. This is no accident. But it is a mistake.

A couple of weeks back I wrote this post about productivity on Tuesdays. That realy got me thinking about my own productivity and what days of the week I am able to get work done. The initial inspiration for the post was this one by Penelope Trunk, which suggested, among other things, that if Tuesdays are the most productive day of the week, we should focus more on Wednesdays and Thursdays to try to make those days equally productive.

So I’ve been trying to consciously think about my productivity. And I have hit upon a great way to make myself productive. The past two weeks I have been picking one major (or difficult) item on my to-do list, and working on it the entire day until it’s done. That way, at the end of the week I will be able to cross five major items off my list. Any time that I have left in a given day, I work on the odds-and-ends that are left. Including my blog.

This strategy has worked great for getting those major projects done. (I finished four last week, one was so big that it took two days.) But the problem is, the other stuff - the everyday work - isn’t getting done. As evidenced by the sparse posts to this blog.

GrowingSo this week I am going to try a new tactic. I’m going to schedule only 3 major things to get done this week and see if I can get caught up on the rest of my stuff. Because sacrificing my blog in the name of productivity is a bad idea.

This blog may be fairly insignificant in the scheme of things, but as far as my business goes, it has been essential in ways that I couldn’t imagine.

1. I have gotten consulting jobs because of my blog. Multiple jobs. When I hand out my business card, it has my company Website and my blog URL. People usually go to both. When they read the Pure Incubation site, the first question is usually “What do you do?” Followed by the statement “I don’t get it.” This is understandable because what I’m trying to do is uncommon and unusual, and I am trying to be vague on my site until I launch some products. But people get my blog. And my blog gets me jobs.

2. I am more engaged with the business community because of my blog. I don’t live in Silicon Valley, arguably the heart of the Internet Web 2.0 world that I’m trying to play in. But by blogging, and commenting on other people’s blogs (and have them commenting on mine), I am able to get involved in the conversation in a way that I wouldn’t be able to be involved if I wasn’t saying something. This recent post about women technology start-up founders sparked conversation from lots of interesting folks, including two who I really admire: Sarah Lacy, who released her first book last week: Once You’re Lucky, Twice You’re Good: The Rebirth of Silicon Valley and the Rise of Web 2.0; and Penelope Trunk, who I mention all the time in this blog and who is really my blogging idol, if there is such a thing.

3. My family and friends read my blog. Not everyone I know reads my blog, but the people who do have a better understanding of what I’m doing. I talked to my dad last night, and he told me that he follows what I’m up to with my business through the blog. And my Aunt Mary told me that she feels like she is more connected to me because she reads what I’m up to and thinking about at work. I’m glad that my dad and aunt are reading. When I go home to visit this weekend, they won’t look at me with blank stares when I talk about my business and how things are going. I like that.

4. Blogging helps me be more creative. I love writing, I always have, so the process of coming up with a topic and writing about it helps to get all of my creativity churning. I find that the process of writing a blog post often helps me think of new things to work on for my business, and often helps me discover new business models and stuff that’s out there that I wouldn’t otherwise have found - like Gary Vaynerchuk and Wine Library TV. If you’re not watching, you should be.

5. When I write a blog post, things happen. I’ve noticed this past week that my email from random people has slowed down, my traffic stats are a bit stagnant and I feel generally down about my business. This is a normal feeling for entrepreneurs to have on occassion, but I realize now that posting to my blog helps to lessen this. Because when I blog, I reconnect with my community, get support from the other entrepreneurs out there, and things happen. And it’s that thrill of activity that keeps me going when things get hard with the business, which happens all the time.

It turns out that I learned a bigger lesson this week than just the one on productivity - I realized just how important my blog is to my business. So if you have a blog, keep writing! If you don’t have a blog, go get one today. And then check back in three months to let me know how it changed your business (or life). I know it will.

Photo by Editor B

Becoming an entrepreneur & the things that inspire us

Wednesday, May 14th, 2008

This week’s article for The Industry Standard is more personal than other articles that I’ve written for them in the past. It’s here: How to Make the Leap from Corporate Hack to Entrepreneur. I give some tips, but mostly the article is a first-person account of my transition from working at a big company to founding my start-up.

In the article I mention a vacation that I took to Arizona. That trip happened in May 2007 - Chris and I went to Phoenix, Sedona & The Grand Canyon to celebrate our first anniversary. At the time we went, I wasn’t thrilled with my job any longer. I was getting the itch to leave, but I couldn’t quite put my finger on why. I loved the people I worked with, I had a good position, relatively good money…but I wasn’t really happy anymore and I couldn’t figure out why.

Then I went to Taliesin West.

I am not a huge architecture fan. I mean, I like architecture, but I don’t know much about it. Chris studied architecture for a year or two in school before switching to industrial design, but even so, going to visit an architecture-related exhibit isn’t what we would normally choose to do. But we were on a road trip and wanted to stop wherever the wind blew us, and however it worked out, we ended up at Taliesin West.

We took the tour. It was an hour-long, guided. In the tour, we went through various buildings on the school campus - Wright’s office, the studio and gardens, the private gathering room and even the family’s bedrooms. All along the way the guide kept telling us all these cool facts and interesting things, totally creative stuff that had my mind racing. Here are a few things that I saw and learned:

- There was an observation point on the grounds where Frank Lloyd Wright and one of his wives (he had three during his lifetime) used to bring chairs to every single night in the spring and summer, to look at the valley around them. There was nothing as far as the eye could see. Standing at that point today, the entire sprawl of Phoenix/Scottsdale was visible.

- The students who attended the school actually built the school before they could attend. They used only the materials that were available on the land. All of Wright’s designs were built to make sure that the buildings blended into the surroundings, and brought the outside inside, as well. This is called organic architecture, and he was way ahead of his time with it.

- Even after the grounds were built, new students didn’t get to live in the buildings. Their first year, they had to go out into the surrounding wilderness area and build their own dwelling on a slab that was there for that purpose. This was like a crash course in architecture - if your dwelling wasn’t good, you would be living with the insects and other animals. Married students often brought their families to experience this with them.

- Frank Lloyd Wright was a major movie buff, so there is a movie theater on the grounds. It’s pretty dark inside the theater, however, so he had the builders dig small cut-outs into the rock along the floor, and installed lights - the first track lighting ever.

- When Wright was a boy, there was a certain set of blocks that he always played with - Froebel blocks. He often credited these blocks as laying the foundation for the basic principles of architecture that he used throughout his career.

Ok, so those are some random things, and you might read them and think “so what?” Or you might think that some are cool and others are mundane. But I left Taliesin West with my mind racing about all the ideas that I had heard, and with the need to be creative burning up in my chest.

It took me a bit of time before I eventually left my job to start Pure Incubation. But this visit to Taliesin West started the avalanche. After this visit, I knew in my heart that I had to leave my corporate gig.

And this visit also reminded me just how important it is to find things that inspire us. To visit new places, see new things, meet new people, take a chance on something unexpected. You never know where inspiration might strike.

These pictures are all from various people on Flickr - all better than any of the pictures I took that day. They are all from Taliesin West.

Taliesin West
Photo by andy54321

Taliesin Sculpture
Photo by bluecanary_dreams

Japenese taliesin
Photo by bluecanary_dreams

Furniture taliesin
Photo by andy54321

The rare woman tech start-up founder

Wednesday, April 30th, 2008

The first time that I became really aware of how unusual it was to be a female start-up founder was a couple of months back. At the time, I was writing a series of articles about entrepreneurship based on the book Founders at Work (you can find links to all the articles here). When I finished the series, I sent a note to Jessica Livingston, the author and co-founder of Y Combinator, to thank her for the book because it had a big impact on me. The following is a small snippet of her reply:

“I am especially pleased that you have started your own thing as a woman. Female founders seem so few and far between.”

Female symbolI think it might be because I don’t live in Silicon Valley (where I live, start-ups themselves are few and far between) but I hadn’t thought too much about the rarity of a female founder until I read Livingston’s email. Since then, I have thought quite a bit about it. And today, this post - Girls in Tech (Yes, They Exist) - by Sarah Lacy crossed my Google Reader, and I wanted to share it. One of my favorite bits:

“It’s understandable not wanting to be treated as a “token.” But the way I look at it, if I’ve got disadvantages of being a woman in a male-dominated industry, why not take the advantages?”

The topic Sarah’s post is that men and women are different. And it’s true, that might account for there being fewer women founders. But, although it may have been said many times in many ways, I think it’s a mistake to gloss over the issue of having kids. It is possible that I believe this is such a major factor because I read Penelope Trunk’s blog, which, honestly,  scares  the  hell  out  of  me. (Go read some of those posts, you’ll fall in love with her blog, but you’ll be scared, too!)

For every start-up founder, I think, balancing a career with the rest of life is something to think about. But as a woman, the issue rarely leaves my mind. It adds urgency, pressure and stress. And I’m sure for some women, this trifecta of bad emotion is enough to keep them from starting that start-up.

What do you think?

10 reasons entrepreneurs should take more vacations

Thursday, April 17th, 2008

As I write this post, I’m getting ready to go away for a long weekend with Chris (my husband) to visit friends and family in Philadelphia. Anyone who has read this blog for any length of time knows that both of us are entrepreneurs - Chris helped start Spine Frontier a couple of years ago and I started Pure Incubation back in September. It may be obvious from that statement alone, but let me just come right out and say it - we are both insanely busy with our jobs. It is hard to get away for a vacation - even for a weekend - and to take a day off (gasp!) is practically impossible. But we are doing it this weekend.

Philly loveAs I was thinking about leaving, though, all the reasons why we shouldn’t go away kept swirling through my head. And they almost kept us from going (we didn’t book our flights until 5 days ago, for example). So I thought it might be useful to give my fellow entrepreneurs a list of 10 reasons that they should take more vacations. Refer back to this post anytime you are considering going away, but almost back out. Be strong! Take that vacation!

1) You work too much. I have no problem with working hard - or long - but if you are an entrepreneur, it’s likely that you work too much. Like to the point where you aren’t getting enough sleep, exercising regularly or eating well. Working a lot isn’t necessarily the best way to be productive and it’s hard to stop once you’re in the habit. So stop everything for a couple of days, get some sanity back, and you’ll be able to return to the job with a more realistic outlook on work duration - and you’ll likely be more productive during the hours that you are working.

2) New environments spark creativity. Right before I quit my last job, I took a vacation to Arizona. On the trip, we went to visit Taliesin West, the Frank Lloyd Wright school of architecture. I know very little about architecture, but seeing the amazing creative environment that was built at that school was so inspiring to me that I know that I had to leave my job. It opened my heart up again to the creativity that was just dying to come out - and that I could bury in the sameness of my everyday life.

Dance Philadelphia3) You are getting boring to be around. This is happening to me. I meet with friends for a drink or dinner, and they ask me what’s going on, and pretty much the only thing that I have to tell them about is my business. And to me, it’s really exciting and fun and interesting to talk about my work. But I can tell that their eyes are starting to glaze over at times. Going on a vacation will give me something else to talk about - outside of my work.

4) It’s been a long time since you’ve been on a vacation. Admit it - when’s the last time that you took a vacation? A real one. A work trip doesn’t count. If it’s been longer than 6 months, it’s time.

5) You need to reconnect. For me, the trip will be great because I’ll be able to reconnect with Chris. We see each other during the worst part of our days - in the mornings (when I can barely function) and after work (when all Chris wants to do is veg out and recover from the insanity of his day). A vacation is going to give us the opportunity to spend the good parts of our days together - and this is important. Maybe you need to reconnect with your spouse, or your friend, or your kids or your parents - or maybe you just need to reconnect with yourself (solo vacations are highly underrated in my opinion). Invite whoever it is that you’re missing to go away with you and spend the time reconnecting.

6) You need to get out of the house. OK, this one might just be for me. But my office is IN my house, and I can never escape work (or the house). I love where I live, I look at the ocean from my office window, but I need to get outside of these walls. If you work from home, which many entrepreneurs do for a season, you know what I mean.

7) It’s helpful to remind yourself why you’re working so hard. Most of us aren’t working our butts off for nothing. There is usually a dream, a goal, a vision to come at the end of it. For me, I want to be able to travel. So taking periodic vacations reminds me why I’m doing all of this.

Joan of arc of philly8) You need some fresh air. You’re probably working so hard and so much that you spend most of the daylight hours in your office, wherever it may be. You need to get outside, to breathe the air, to have the sun shine on your face. Typically people spend time outside on their vacations, whether it’s strolling through a neighborhood or doing something active.

9) Talking to people in other places will help your business. No matter what your company is doing or building, you have customers that you need to serve. And getting out of your familiar bubble will allow you to talk to people about what you’re doing - and will help you refine your ideas to make sure that you’re serving them better.

10) Vacations are fun. At least, they should be. And if a vacation isn’t fun to you, do something that is. The point is, you need to lighten up sometimes, have a little fun, laugh, joke around, remember that everything isn’t serious and at the point of imminent collapse (which is how entrepreneurs usually feel).

Bonus #11) Your employees want you to go away. (This is for those of you who have employees.) If you ever worked for someone else, you know how it is when the boss is away - there’s a feeling of freedom, of lightness, of relief. As the boss, you may not want your employees to feel this freedom. But it’s important not only for you to get a break, but for your employees to get a break from you. When you get back from vacation, you’ll find that they are refreshed, as well.

Happy travels!

(the pictures here are all from Philly - “Love” by vic15, Dance Philadelphia by my aim is true, Joan of Arc by pwbaker)

More on starting a company in an economic downturn

Friday, March 21st, 2008

Yesterday, The Industry Standard published an article that I wrote about why it’s a good idea to start a company in a recession. The article is here. (You should probably read it if you want to follow the rest of this post.)

Hacker News logoThis article generated quite a bit of buzz on Y Combinator’s Hacker News, so I wanted to take a minute to respond to some of the comments. Here’s the link to that chatter.

- The most common disagreement with the article seemed to be that many of the points that I was making about why it would be good to start a company in a recession also apply to starting a company in a boom. I agree completely. However, we unfortunately are not in a boom at the moment - we’re in (or entering into) a recession. The viewpoint of the article is “since we’re in a recession…” not “if you could pick between recession or boom…” I wholeheartedly agree that if you could set your ideal conditions in which to start a company, a boom would be the time.

- One commentor wrote: “start a company at a time and a place where there are no constraints and even the biggest idiot can be successful.” I disagree with the notion that there is ever a time that there are no constraints on a start-up. If there aren’t constraints, there should be. And this is the point I was trying to make. In a boom, start-ups don’t always SEE the constraints as readily or operate with restraint - but they should if they want to be using best business practices and give themselves the best chance of success. A recession forces those contraints on a start-up - but those constraints aren’t BAD. They help set good patterns and behaviors for running a business.

- In my opinion, it is not true that there is ever a time or place that “even the biggest idiot can be successful.” Successful idiots - especially in the world of start-ups - are rare.

Finally, various commentors suggested three other reasons that it’s a good idea to start a company during a recession and I wanted to include them here because I thought that they were worth mentioning:

1) “Your competitors will go bust.” -m0nty

Another commentor put it this way:

“Because the well-funded riff-raff drops out sooner.” -edw519

2) “Businesses that increase market efficiency in novel ways seem, to me, more likely to succeed during a recession. This is so obvious that I’m surprised the article didn’t mention it.” -mkn

3) “Also could get one more attention — maybe — because the media won’t necessarily expect anyone to be doing anything positive. Recessions are one big moan, and the ‘yipee!’ of a startup will stand in stark contrast.” -sabat

Thanks for all your commentary - keep it coming.

(Update: The discussion is continuing here: http://news.ycombinator.com/item?id=142792)

My new gig: The Industry Standard

Thursday, March 20th, 2008

I have been a fan of The Industry Standard for a long-time - I have written about them before, and many of you will remember the magazine version of The Industry Standard as being the fastest growing magazine of all time before the bubble burst, taking The Standard down in its wake. Now The Standard is back, with an online-only site that focuses on a prediction marketplace.

And I’m the newest writer/contributor to the site.

My first article is up now - Five reasons why a recession is a good time to start a company. Go read it, comment on it, let everyone know what you think about it. And then come back to 16thletter and let me know what you think.

Industry Standard article

Extend your personal network today - especially if you’re an entrepreneur

Tuesday, March 18th, 2008

I’m not one for networking. In fact, I’m a little bit shy. You probably wouldn’t think that if you met me, but it’s true. On my way to an event when I know that I have to meet a lot of new people, I am getting myself psyched up for it. Afterwards; I relax. Or sometimes collapse.

So this advice is not given lightly.

Go network. Do it now. Especially if you’re an entrepreneur.

HandshakeI have to admit, I was a networking doubter. Reconnecting with people who I haven’t seen in years, reaching out to people who are nearly strangers…these things are daunting. But since I started Pure Incubation, every single time that I’ve talked to someone or met with someone in an effort to extend my personal network, it’s helped my business.

Today I met with a finance guy who I worked with about four years ago. He helped package up the financials for Connexus Media back in 2004 when it was sold to Ziff Davis. I got in touch with him because it seemed like it would be a good idea to get him involved now so that he will have an understanding of my businesses for when I might be ready to sell or raise some capital for one of them.

This meeting was fantastic. Not only was he enthusiastic about what I was doing (which was very encouraging) but he offered to help out with advice and direction until I need to bring him on board. Along with that, he has his own ecommerce business that is totally interesting and he inspired me with some stories about how he is making money selling marshmellow roasting sticks (his biggest money-maker) and furniture made from old skis.

Networking might be difficult for you, it might not come naturally, but extend your personal network today. Send an email or give a call to someone who you either know or admire, and see where it leads.

Photo by Mykl Roventine