Micah August 5th

So You Wanna be a Startup…

To paraphase Too $hort: “So you wanna be a Startup…and all that sh*t.”

Back in February, when I sold Current Wisdom, I knew that I wanted to get back into the technology scene. But, my California bias made me believe that there was little to no startup activity in Colorado. With the money I got from the sale, I decided I would start researching startups in Colorado, and think about investment. After all, I was busy enough with trying to get/stay healthy and shepparding the transition of Current Wisdom into Indigio.

For the first two weeks after the press release went out, I was bombarded with phone calls from financial advisors, stock portfolio managers, a couple early stage companies, and several investment houses. When I was starting Current Wisdom, I begged for some of these folks to talk to me, and they all ignored every attempt I made. So, being the vindictive guy I am, I did the same thing.

Soon after selling the company, I landed a pretty big new client. One of the folks working at the new client was leaving to start a tech company. He told me he was part of a group called TechStars. I looked into the group and saw Brad Feld and Seth Levine’s names. Two of the investors in ServiceMagic, where I had worked prior to starting Current Wisdom. “Small world,” I thought to myself.

Then I remembered my buddy Danny Newman. I knew he was working on some mp3/ringtone deal, but for years Danny’s biggest challenge was focus. In many ways, I saw Danny as a younger, less good-looking version of myself. His technical knowledge is superb, and because of that, it held him back by giving him the ability to pursue any crazy idea he came up with. I, on the other hand, could only intellectualize many of my ideas, and found that since I couldnt physically work on the ideas, I was better at helping improve other people’s ideas.

I called Danny. Turns out that someone finally convinced him of the importance of focus, and PocketFuzz was running and funded. Go Danny! I spoke to him about my desire to get back into the startup scene, and he mentioned a couple of the things going on in Boulder.

So, I continued my exploration of the startup scene. My only experience with Boulder was when I first moved to Colorado and lived with my biological father, which, in the interest of shortening the story, sucked, and really soured my view of Boulder. Even so, I began to connect to the startup scene in Boulder. And what a scene it is:

After growing up in Silicon Valley where it felt that everyone worked for or started a startup, it was nice to see something similar in Boulder. And, frankly, StartupWeekend, with 70 people attending and contributing in a high-level way without the loss of community, just reinvigorated me. Ideas started flowing again. I was intrigued by new technologies. I even attended a search engine marketing trade show, where I learned something!

So, I decided it was time to start networking again. I met with Todd Vernon of Lijit, David Cohen of TechStars, Brad Feld and Seth Levine of the Foundry Group, Alex King of Crowd Favorite, and many others. I have met with about 1/2 of the TechStar teams, and you will see MadKast and IntenseDebate‘s technologies integrated with this blog. Oh, and this blog. I decided to learn about blogging. What a way to let the world know about you in a really non-invasive way.

And, with each person I have met–Tara Anderson of Lijit, Andrew Hyde of StartupWeekend, Jeff LeDoux (soon joining) Me.dium, Gwen Bell and Paul Salamone of PlungeArtists, Rich, Chris, Braken and Michael of Hypersites, and so many more–I have realized that the energy I have been missing was alive and well in Boulder’s startup community. I have found the right combination of community, intelligence and ambition.

So, I am exploring options. I have a couple of ideas that I am pursuing, including VoSnap, which I would very much like to see through to completion. I am still working on the transition of my company and growing that business (we have doubled since January, the sound you hear is me patting myself on my back.). But who knows what the future will bring. If all it brings is more connections with people like those I have met this year, then it will be a future that I am going to be excited to be part of.

<soapbox> Let me also say, being part of a community doesnt me just “being there.” One must participate. So, sign up for every beta, and test the product, providing feedback. Give support where you can, even if its just a blog comment (*ah hem, hint hint*). And if you must be critical, provide a critique, not a bashing. Something constructive that helps improve the focus of the critique. Success is only derived from calculated failures. Feedback and critiques allow people to see their failures and learn from them. I have been disappointed when seeing a major publication like TechCrunch report on a Boulder startup that all the comments are either from homers or haters. One can be critical and supportive at the same time, thereby increasing the value of the feedback. A community can only grow through that type of feedback loop.</soapbox>

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View Comments to “So You Wanna be a Startup…”

  1. I agree with you Micah. You are in the right place at a really good time. There are so many exciting projects and people making Boulder their HQ. When Lijit moves to downtown Boulder, we will be in the midst of it all and I cannot wait. Looking forward to lunch soon…

  2. I love the title. So you wanna be a startup and all that ….. I am a 32 year old in Minnesota. And talk about no start-ups.

    I can really relate as I am sure most people with a start up, to having no capital.

    I as I metioned before live in MN jsut south of the Twin Cities. I have a very successful company but in the starting months and years I asked everyone I knew, banks, investors..etc, to invest. They all laughed. If your not a trucker or farmer, or an illegal alien trying to open a tobacco store, we will not give you money is their motto.

    But, like you at this point, when the banks are calling me off the hook, and the investors are begging, I give them the good ole’ bird.

    I am surprised to hear of the start up in Boulder. I wish it was like that here. I can’t even get a decent BA to give me an assesment. It’s a joke.

    Well good luck to you. Mabye this will be a “small world” story.

    thanks

    Eric Carstens

  3. @Eric

    you should contact Andrew Hyde at http://www.startupweekend.com and get a weekend launched in Minnesota. You might be surprised to see how strong the community is…

    @Tara

    As for lunch, Mike is a funny dude. It will be quite interesting to see him and Todd interact…

  4. Glad to see startupweekend provided such a launchpad for you Micah! I’m proud to have you representing us with the advancement of Vosnap.

    I fully support your soapbox, I’ll donate a soapbox for your other foot to stand on so you can keep the encouragment coming!

  5. Hey Micah,
    Thank you for posting this. I just interviewed David Cohen last night and I think he’s one of Boulder’s finest example of the limitless possibilities of bringing talented people together under one roof to do good work in the world. I’m excited to see what comes out of Boulder next.

    If you want to read the interview: http://www.gwenbell.com/blog

    @Eric: I’ve heard Boulder compared to Disneyland for grown-ups. If you’re a startup, I think it’s doubly true!
    *ponders a return to Boulder*

  6. @ Niles Thanks, my friend. You are a great example of what Boulder has to offer. You arent working at a startup; arent a coder, but came up with great ideas at Startup Weekend and made the whole experience so much better.

    @ Gwen – stop pondering.

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