SxSW Interactive Wrap-Up and Why Most Startups are DOA
Mar 18 2012

My 2012 SXSW Interactive experience this past week was very low key.  No badge.  A few days.  A few parties.  All productive.  Great networking for my consulting business where I’m focusing on operations and partner/client management projects.  I was home by a reasonable hour every evening.

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I’ve had dozens of meetings scheduled since then, met people I haven’t seen in a while, and I’m helping organize a reunion for the B2C (business-to-consumer) and Web CEO groups I was a part of when I was working on Babble Soft.  Many of us are in transition times like I am, which is par for the proverbial entrepreneurial course.  I really enjoy networking and connecting people to each other.  I even made some almost random connections for the very cool 1 Semester Startup team I’m mentoring called beDJ.  If only I could charge big bucks to do that. :-)

I have seen so many start up companies with big dreams of launching at SXSW interactive.  Most of them make a big splash and then you don’t hear from them again.  I thought this post on TechCrunch the other day was very well timed: Why Entrepreneurs Fail And Most Startups Are DOA.  Entrepreneurship (especially in technology) is not for the feint of heart.  It’s mostly for the insane, stupid, independently wealthy, ones with extremely supportive spouses/pets/friends, ones who are calculated risk takers who can rebound quickly from mistakes and failure.

Author: | Filed under: babble soft, conferences, entrepreneur, entrepreneurship | Tags: , , , , , , | 2 Comments »

Change The World, Make Money, Or Be Happy
Nov 13 2011

Buddha Stone Statue in China

How often can people do/experience all of the above?  There are people who have changed the world (e.g., Martin Luther King, Mother Teresa, Gandhi, etc.) who didn’t make a lot of money and we won’t ever know if they were truly happy, healthy or content.  There are people who changed the world and made a lot of money (e.g., Oprah, Steve Jobs, Madonna, Lady Ga Ga, Michael Dell, Bill Gates, etc.) but we don’t know how happy or content they are or were.  Oprah has been the most open about her struggles with personal satisfaction and her weight…the businessmen, not so much.

Do we have to deal with having one or two out of three?  I think I can count on one hand the people who appeared to have all three but if you dig a little further…  Check out a recent post on TechCrunch called 10 Things Entrepreneurs Don’t Learn in College.  All very true, the second being “How To Be Betrayed,” which happens all of the time in business (and politics) whether you are a man, woman, or a duck.  I clicked over to the authors (James Altucher) post on how to be lucky and it made me wonder if he had kids because he advises getting up at 4 or 5 a.m. every day and to bed by 9:30 pm with exercising and eating right in between.  Maybe I’ll figure out how to do that when I’m 50 and the kids are gone.  I guess that’s why some are more monetary successful than others…early bird gets the worm!

The saying “you can have it all, but just not all at the same time” must be true.  So it seems the thing we have the most control over is how we feel: happy, sad, content, angry, etc.  We can try to change the world but there’s no telling what numerous things will be thrown in our path.  We can try to make tons of money, but a lot of shit happens (e.g., kids, health issues, the economy, marriage, divorce, love, hate, indifference, parents) trying to do that.  But we will usually find ways to make enough to get by or we become comfortable with a lot of debt.

I was reminded during my recent trip to China that Buddha, who was born and originally spread his philosophy in India before his teachings were embraced by the Chinese, taught that at the root of all suffering was desire (for a person, place, thing, success, money, etc.).  As I understand it, he said that if you gave up the desire for earthly things or status that would be the only way you could eventually achieve enlightenment.  He certainly changed the world and was arguably content/enlightened but was not rich by American standards.

I guess it depends on what age you are, your genetic disposition, and what cards life has dealt you as to whether you believe you can achieve all three at the same time for a substantial length of time…

Author: | Filed under: bill gates, entrepreneurship, mother, steve jobs | Tags: , , , , , , , , , , | 5 Comments »

Happy Halloween, Pirates and 3 Day Startup
Oct 31 2010

And now for a really quick post…Happy Halloween!  My kids dressed up as Super Girl and something called a Metal Skull Rider and went trick or treating with their dad.  I didn’t dress up, but at my son’s soccer game today I asked one of the mom’s to spray gold glitter in my hair so my daughter would try having some in her hair.

This weekend I showed up to help advise companies that are part of a program called 3 Day Startup hosted by the Austin Technology Incubator (where I work) and coordinated by our wireless/IT director, Bart Bohn.  Check out the ATI Blog for an update on the students that were involved and the companies that emerged from the weekend lock-in.  Three teams presented tonight to a panel of judgest so that’s where I spent my Halloween evening…with glittery hair.

Check out this post by Michael Arrington on TechCrunch to find out if you are a Pirate (a.k.a. entrepreneur in search of adventure because finding that pot of gold is rare).  He says, “Entrepreneurs, though, are all screwed up. They don’t need to be rewarded for risk, because they actually get utility out of risk itself. In other words, they like adventure. The payouts for starting a business are just terrible when you account for risk. A tiny minority of entrepreneurs ever get rich. And the majority of entrepreneurs would probably make far more money, and have more stable personal relationships, if they just worked for someone else.”

Author: | Filed under: austin technology incubator, entrepreneurship, holiday | Tags: , , , , , , | 1 Comment »