Tag: Startups

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Politics

Day 1358 and I Must Subsidize Demand

There is a beloved meme in communities like YIMBYism (a movement advocating for building more housing with the slogan “yes in my neighborhood”) in which the protagonist agonizes over subsidizing demand as the cyclical pattern of rising demand giving rise to rising cost carries on.

“I just need to subsidize demand”

America is a strange place where we espouse a lot of free market policies but we tend to favor subsidies as a solution. Which isn’t always a bad thing. Sometimes there are good reasons for providing support for things that aren’t as commercially viable immediately like pure science or education or other public goods.

It is however not the only policy tool available to people. A fun fact about how I have a good time, my participation in civic life was as an appointee on the New York City Community Boards. I was part of a group who approve licenses and permits for things like liquor and parades and the like. I also served on quality of life and transportation boards. I also did monthly meetings for land use.

I was easily the youngest person who volunteered time and I learned a lot about how damn many rules we have at every level from neighborhood to city and state on everything from ventilation and to environmental review. And some of those rules are pretty good things!

But it would be preposterous to say that all rules are good and that every part of the process of starting a business (large or small) is easy. Some problems you can’t through money at and fix. Or if you can it creates a whole unintended set of other problems. Like paying for lawyers and consultants.

Because Twitter is the land of any old idiot getting a say (just like a community board meeting) I’ve got every flavor of opposition and missing the point on this tweet.

We do a lot well in America. It’s relatively much easier to start an LLC and get a license to do business. Complying with everything from the liquor board to FinCEN will take a little more. Anyone who has run a business can tell you about their corner of the universe and the paperwork involved. Just ask my husband who spends most of his time as a businessman keeping up with paperwork.

I think it’s perfectly fine to be skeptical that throwing more money at a problem like how challenging it is as a business owner to contend with government bureaucracy. Demand subsidies can only fix so mich. It’s just a lot more complicated than that. Be smart and don’t let your head spin like our meme gentleman.

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Startups

Day 1334 and Heads Down

I had a couple days of flare in my autoimmune condition that had struggling last week. Down time in bed, especially when you are in pain, can be a bit dangerous when the news cycle is popping off. Pain and American politics are a terrible combination.

I do pay attention to politics alas as I am involved in a number of issues (#FreedomToCompute, regulatory reform, and housing) so it’s easy to over do it with being extremely online. My nervous system doesn’t need any additional stimulation.

I was relieved to be back on my feet today as it felt good to be heads down at work. I’m excited about how my seed investing has been going over the past few years and I’m taking the next steps to evolve the fund. I’m so optimistic about what can be achieved. Founders are particularly motivated to build. Ingenuity sparks when things are darkest.

Categories
Travel

Day 1325 and Road Warrior Season

I’ve begun booking some of my fall travel. Much as living the good life in Montana is pretty much paradise, one is obliged to make pilgrimage to the main cities in which business is done.

Some juggling of priorities will be involved as Asia and Europe compete against home turf cities like San Francisco and New York. Plus we have conferences in some pretty weird places from rural Wyoming to South Beach Miami.

I am resting today and enjoying running the logistics of the fall season through my little packing and organizing rituals. I enjoy thinking through the logistics of grooming and dressing more than I do working through the health and medical routine.

It’s nice to daydream about the cold fall. I put on a cashmere sweater and pulled out my bags as I thought about the return of the cold and the return of work. I can’t wait. I better catch up on sleep while I can.

Categories
Politics Startups

Day 1322 and You Can Just Do Things

The older you are the more you begin to accept the way things “are” in the world. We’ve come to accept layers of professionalism between us and the real work of the world as we go about pursuing our own comparative advantage.

Surely someone is handling the bits we are not as this is an advanced civilization right? I fucking wish.

I don’t wish to disparage our expert managerial class but we are all human. The experts are just operating from past biases and some of them haven’t been updated in quite a while. The people in charge might even be quite wrong.

Sometimes things are much easier than you imagine. I remember being asked when fundraising for a cosmetics business about the relative challenge of sourcing manufacturing.

The bias ten years ago was that there must be exclusive manufacturers who make the nice things they sell at department store. Turns out any idiot who can underwrite a purchase order to buy anything they like for an astonishing array of things.

Now maybe you think ok but not all businesses are like this right many businesses have regulatory challenges and someone responsible must be in charge of all of that.

Surprise those are regular people too. And most of them have LinkedIn profiles now. Everything from the bureaucracy at the Department of Energy to the local zoning board is one like now

I spent a few years on a community board that oversaw liquor licenses in lower Manhattan right after Trump was elected as I wanted to be a more active participant in my own democracy.

Turns out a lot of life goes on at the local level and the levers of democracy go through having your papers in order. American life has a lot of paperwork. If you wanted to serve alcohol at your establishment you went through me and a couple other normal citizens at the liquor board

Most businesses spent small fortunes on laws to manage the paperwork of doing business. It was expensive and time consuming and I looked at a lot of Michelin caliber restaurant business plans.

I did everything I could to make sure a license got through. Most of the board had a similar attitude. We’d redo applications on live at a meeting sometimes which made them go for hours. But generally the goal was to get permits approved and have there be no issues that could trip the business up.

I felt I had a civic obligation to be more involved in helping people just do things. You can get through the paperwork.

I want Zoomers to do their best to convince the older people living in the past to help us update our priors. You can just do things.

You can find a laboratory for a formula or a factory for parts. You can find the regulators and local people on board and convince them of the soundness of your plans. You can just do things. Even if someone says something is hard you can probably do it. Even impossible things might have a chance if you just keep working the problems.

Categories
Community Startups

Day 1321 and Credit Where Credit Is Due

I can’t get into the details but I learned today that there is an internal metric at an institution based around work I was personally responsible for achieving.

Literally none of the credit has accrued to me because ultimately the thing didn’t really work but the downstream effects of the social credibility I brought really benefit someone I am not sure I’d have wanted to benefit. If I’d had a choice which I very much didn’t. Sometimes your social capital accrues to people you don’t even like.

I like having social capital to spare but I didn’t realize that someone was profiting off of it to such an intense degree till today. Power laws rule everything around me and it’s actually good. Just funny how little credit you month get for something and how much it might benefit someone else.

I don’t even know if I can even politely point it out simply because it’s déclassé to do so. I’ll have to enjoy the the little irony on my own. And believe me I am. Maybe it gets shared in a small circle of folks for whom making money for jerks it’s a fact of life. But I’ll take the credit privately.

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Emotional Work Startups

Day 1320 and Being “You-er”

You may recall the old aphorism about marriage. Men and women have very different goals for the institution and how it will or won’t change them.

“Men marry women with the hope they will never change. Women marry men with the hope they will change. Invariably they are both disappointed”

I don’t recall having any ambitions for changing my husband when we got married ten years ago. I thought quite highly of him when we got married. I still do.

The irony is that we have both changed significantly not because of any goal the other has for each other but because of the work we do together. Fast growing startups simply demand so much emotional change from their people.

A recent piece in the New York Times discussed how coaching has become the hack that drove emotional chances

Venture-backed startups simply must scale faster than all but the rarest of human beings can acquire emotional intelligence. As a result, startup founders and chief executives, many of whom are trained not in management but in software engineering, face extraordinary risk of coming unglued in ways that vaporize immense amounts of capital.

How Coaching Became Silicon Valley’s Hack for Therapy

Acquiring emotional intelligence quickly becomes a “do or die” skill in startups. And most of us do die. Ego death in mediation like jhanna are within reach because failure and rebirth are such common experiences for the technologists that build quickly moving companies.

Both my husband Alex and I have done family systems therapy as well as multiple forms of professional and personal coaching. If Alex didn’t want change from me as his wife then he is surely disappointed. As his wife if I wanted change from him I very much did get it.

Neither one of us is disappointed, aphorisms aside. If anything, as we’ve done more work to acquire the emotional intelligence required of us to growth and thrive in our work, we’ve become more ourselves.

There is a real joy in becoming “you-er” as essential personality, skills and ambitions become clearer. It’s well worth investing in therapy and coaching to become yourself. Being “you-er” is quite freeing. It’s hard to be disappointed by that outcome.

Categories
Startups

Day 1318 and Intention

I am experiencing a peace about the future I didn’t fully expect to find. I’ve been lucky enough to have a number of long term efforts start to paint a picture of success.

I began a process of examination of my last several years somewhere in the last half decade as I prepare myself and my work the next stage of growth. I’ve made a number of fairly significant decisions as my idea of where the future is headed and how I myself expect to live in it. A lot of these choices are public and revealed preferences. I don’t make it a secret.

I’ve been considered a doomer only because I think one has to look with calm and clear eyes at the problems in front of you. Only then can you really build optimism about your capacity to improve. Being merely positive isn’t a bad thing, but positivity is only driving you towards success if you are planning realistically. A good attitude is just a starting point.

I’ve taken things slowly. Sometimes it feels painfully so. But the intentions I had to be prepared to live in a more chaotic world means I live a stable life now even as daily uncertainties exist for everyone.

My intention is to approach building the future with optimism. The problems are large but I work with many focused and sober minded people who actually can and do build solutions. Fighting the future won’t do much. But who says it’s got to be a fight? Maybe we can bring on better things.

Categories
Startups

Day 1312 and Phew Slow Down

I haven’t been paying too much to the news of the week as there has been too much to do. After weeks of drama in the world of domestic politics I’d like to be doing something more productive than watching. Silicon Valley infighting

I’m always happiest when I’m working with founders and there is slightly more demand than supply at the moment on the Julie . This is a good thing for me but less so for the founders and I’d like more capacity for them.

I’ve been working from my gut (honed from now 18 years in startup land) and the results of our investing honestly so much better than I could have envisioned.

It’s unusual to be able to do real performance driven work in the first 2-3 years of a fund cycle when you are small and pressed but somehow we are here without single zero in even the riskiest of spaces.

It’s all markups and progress and it feels almost too good to be true and I’m so excited to make the case for where chaotic.capital goes from here. But wouldn’t mind being able to catch my breath. Such is the nature of startups. It can be mostly eating glass but we are actually doing the thing.

Categories
Startups

Day 1311 and Feels Like Winning

I am exhausted. A bunch of wins have come back to back to back and I’m doing the “wait are we winning” dance in my head.

It’s strange dance because I want to enjoy the victories of our crew but it’s always a bit of a whirlwind to wonder and second guesss “is this really happening?”

Startup life is not terribly linear. And almost nothing happens quickly. So it’s easy to question if you’ve made the right calls. I am often quite hard on myself as to whether I am working hard enough or long enough or just being enough in general.

And then when you see some evidence that your work actually is enough it can be hard to accept. Especially if things are otherwise dire for others. Somehow it’s never the reverse for me. When it’s boom times I don’t think “why not me” but when tough and things are going well I will often think “wow is this really happening?”

All of which is to say a lot of stuff is going so well that all I want to do is take a nap. But I’ve been on phone calls, texts and in documents all day because working Saturdays is actually fun for me and the people we work with. Which absolutely feels like winning.

Categories
Emotional Work Startups

Day 1310 and Zonked

I didn’t get enough sleep last night. Between one thing and another I got about five hours of sleep. Adult circadian rhythms being what they are I still woke at the usual time.

I had a busy morning and afternoon so I pushed through it. Unexpectedly a number of pieces of my investing work were happening all at once. So much for a slow August right?

I was able to get through everything on my calendar but I’m I was starring down a bunch of work even at midafternoon. And I found myself unable to keep my eyes open.

I was zonked. Slept from 2 till I was woken up for a bird dinner. I’ll admit I’m planing to sleep as soon as I can wrap up my evening routine.

I’ve got so much to get through over the weekend. I have two rounds I’m working on (if you like hardtech slide into my DMs), juggling a bunch of inbound, and I’m gearing up for the fall. So maybe I need a little extra sleep.

And to think just a few days ago I was completely despondent over fire season, the sadness of American politics and my own seasonal affective disorder with high summer. If things keep up at this pace it won’t be summer much longer.