Early stage startup founders have a problem. Early stage startup founders in Portland really have a problem. Too often, we look at venture funding as the goal, rather than a means to the end. Once you start focusing on raising money, you have failed.
I am currently in the process of raising financial backing for my early stage startup and sometimes I find myself taking my eye off the ball. Funding is not the goal. Building a wildly successful company that makes everyone involved rich is the goal. Every time I fail to focus on that, I am not taking a step forward.
The idea of investment dollars is to accelerate your company. Not to pay yourself more or to get a fancy office. Sure, those things *might* come with the territory, but they are not the goal. When you take an investment, that's when the work really begins.You now have more work and more responsibility. You just have some cash in the bank to help you through it all. If you take an investment and don't feel more pressure to succeed, I think something is wrong with you.
While high-fives may have gone around the Portland companies that have recently been funded, like ShopIgniter, PHP Fog and Urban Airship, I can guarantee you that the celebrations didnt' last long. They now have to work their asses off, and they know it. While I don't know the founders of these companies, I can confidently say that they were given that venture capital money because the investors knew they were focused on building wildly successful companies. They did not focus on getting funded. They saw funding as a means to the end.
As I network around the Portland startup community, I see too many of us that are focused on getting funding and not building wildly successful companies. I think part of the problem is that we read about all these funding events on TechCrunch and we fail to see all the hard work that has gone into those companies and we are not exposed to the greater vision they have. We don't see the pressure that those founders feel after the funding happens. We think its all ice cream sundays and stuffed animals. We want that TechCrunch recognition. We want ice cream and stuffed animals. It sounds so great, right?
All those companies on TechCrunch...funding wasn't the goal. Building a wildly successful company is the goal. They didn't accomplish anything by raising venture capital. Now that they have capital, they have to go accomplish something. Funding isn't the goal.
So next time we talk at a Portland area event, don't tell me about your fundraising efforts. Tell me about your product. About your customers. About your vision. Don't tell me how much you need. Don't say that if you just had X dollars, you would be set.
Make sure I do the same thing. If I start talking to you about my fundraising efforts, remind me that I need to focus on my product, customers and our vision. Don't let me take my eye off the ball. After all, I am writing this blog post as a reminder to myself.
Sure, we need money to realize our vision. Let's just not focus on that. Once we are focused on funding, we have failed. Our chances of building a wildly successful company are next to nothing once we take our eyes off the ball. Focusing on funding means your eye is off the ball.
Funding is not the goal. Building a wildly successful company is the goal.
2.21.2011
Jeff the Great Creates Oregon Tumblr Directory
So I've been checking out a web site called Tumblr. Its basically between Twitter and a blog. Unlike Twitter, you can write more than a text message and can include pictures, video, etc. Unlike blogging, most people use it for short writing or simply to share a photo they like.
I signed up for ThePortlander.com as a way to get our news out to more Portlanders and Oregonians where they are, as opposed to waiting for them to come to us. If you are curious, we are at htt://theportlander.tumblr.com.
One thing I don't like about Tumblr is that they have not made it easy to find people to follow and interact with. Specifically, I can't tell where most people call home. So, I decided to create a Portland/Oregon Tumblr directory. If you are on Tumblr, please let me know using the below form. Once you do so, you'll see who else from Portland/Oregon is on Tumblr. When I get enough responses, I'll publish a full and active list somewhere.
Thanks!
I signed up for ThePortlander.com as a way to get our news out to more Portlanders and Oregonians where they are, as opposed to waiting for them to come to us. If you are curious, we are at htt://theportlander.tumblr.com.
One thing I don't like about Tumblr is that they have not made it easy to find people to follow and interact with. Specifically, I can't tell where most people call home. So, I decided to create a Portland/Oregon Tumblr directory. If you are on Tumblr, please let me know using the below form. Once you do so, you'll see who else from Portland/Oregon is on Tumblr. When I get enough responses, I'll publish a full and active list somewhere.
Thanks!
11.01.2010
Breaking News: Jeff the Great Runs for Elected Office
Here is the deal: I'm starting the country's shortest successful campaign for elected public office.
If you are an Oregonian, please write in "Jeff Martens" (and fill in the bubble) for Soil & Water Director Zone 3. There is no candidate on file so it is a 100% write in campaign. Think we can make history? I do...with your help!
I know I am not the only or first to think of this but who the hell cares! Vote for Jeff Martens and I'll promise to always wear booties on my shoes so that I never track soil or water into your house!
Change you can believe in!
Yes we can!
Jeff Martens for Soil & Water Director, Zone 3. Thanks for your vote!
If you are an Oregonian, please write in "Jeff Martens" (and fill in the bubble) for Soil & Water Director Zone 3. There is no candidate on file so it is a 100% write in campaign. Think we can make history? I do...with your help!
I know I am not the only or first to think of this but who the hell cares! Vote for Jeff Martens and I'll promise to always wear booties on my shoes so that I never track soil or water into your house!
Change you can believe in!
Yes we can!
Jeff Martens for Soil & Water Director, Zone 3. Thanks for your vote!
5.15.2010
Jeff the Great Makes Blood Secrets Required Reading
A few weeks ago ThePortlander introduced you to a new book by West Linn resident Rod Englert. Since then, I had the pleasure of reading the non-fiction work and can report that Mr. Englert has made Portland proud. This is one great read, and I hope for more.
Chief Deputy (Ret.) Rod Englert is a 44 year veteran of law enforcement, most recently of the Multnomah County Sheriffs Office. After graduating from the Los Angeles Police Academy and spending a number of years with the Downey, CA police department, Englert moved his family and career to Portland, OR where he joined Multnomah County as a deputy. Over the next few decades, his life and career would take the path of a master detective, crime scene expert and the father of modern blood spatter analysis.
His book, Blood Secrets
As someone that has known Rod for more than 15 years, I was aware that he was involved in modern America’s best known crime case, the O.J. Simpson trial, but I had no idea that he was also involved in the celebrity cases of Robert Blake, Bob Crane, Ennis Cosby and Selena Quintanilla-Perez. This portion of the book presents details that you have never heard from the media.
It isn’t just the celebrity cases that really make this book. It wasn’t even the details of the other fascinating cases that Englert has worked on. It was the little things like the tale of being arrested as a kid that ultimately lead to his career in law enforcement, and the story of a Portland area high school student that helped solved a key puzzle in a celebrity trial and cementing her interest in detective work. Those personal details take Blood Secrets
There is one slow section of the book while the author describes the details and intricacies of blood spatter evidence. Unless you are in law enforcement or have a deep interest in crime scene analysis, you may struggle in these pages. This detail, however, is necessary and I applaud Englert for including it. Not only does this knowledge help the reader understand the details of crimes Englert describes in later chapters, it shows would-be CSI’s that detective work isn’t always high tech and can sometimes be as simple as it is complex.
I strongly recommend this book to many different types of readers. It is an obvious pick for anyone in law enforcement or those that enjoy true crime. It is also a great selection for those of us that love to read about the interesting lives of others, learning more about how they got to where they are today. Finally, if you live in the Portland area, pick up this book and support a local author!
Rod Englert will be reading from and signing his book Blood Secrets: Chronicles of a Crime Scene Reconstructionist
3.10.2010
City of Bend: You are Doing it Wrong
Being a Portlander, one of my favorite places to get out of town to for a few days is Bend, Oregon. It is part ski town, part hippster scence and part retirement area. The weather is great, the scenery is beautiful and Mt. Bachelor is just down the road.Despite all of these great attributes, Bend has struggled in the past few years. Businesses have shut down, unemployment has skyrocketed, foreclosures are on the rise and their general economy often ranks in the top 10 worst in America.
I am over in Bend right now while my wife is here for work. I decided to find a nice coffee shop to work at this morning and ended up in a trendy looking section of downtown Bend. Unfortunately for business owners, downtown is dead. Empty commercial space lines most streets, restaurants sit virtually empty and the roads are all but a ghost town. If you are a small business owner, downtown Bend is probably one of the worst places for your storefront in all of Oregon right now.
I parked and walked into a wonderful coffee shop called Thump on Minnesota Street. They serve Stumptown and offer free wifi. The place was packed, unlike so many of their neighbors. Afterward, I asked the owner for a lunch restaurant suggestion and he pointed me to one of his favorites, and now one of mine after the amazing sandwich I just had. All told, I spent 3 hours in downtown Bend, found 2 great businesses to frequent and spent money.
When I returned to my car, it sat alone, the only vehicle parked on that side of the street for an entire block. I had a green envelope on my windshield; I was issued a parking ticket. Apparently that street, and most other downtown bend streets, have a 2 hour parking limit. I was a patron at locally owned businesses, spending money for 1 hour too long. Shame on me.
See, Bend, when you are in the type of economic situation that you’re in, parking tickets on empty streets are the last thing you should worry about. Sure, I know that I violated the time restriction, guilty as charged. However, I was one of very few people spending money in your community. I was supporting the businesses that have managed to stay alive during one of the worst economic downturns in modern history. One that names Bend as its poster child for what went wrong.
Instead of enforcing laws that keep people from spending more time and money in your once vibrant downtown, why not remove those restrictions and encourage people to hang around? I need a place for dinner tonight and will want to have a coffee while working again tomorrow. Should I go to downtown Bend for those trips or not? As I look at my $22 parking ticket from the City of Bend, I can tell you I’ll take my business elsewhere.
Bend, save the parking tickets for when you unemployment drops below 17%, for when your housing prices are no longer down 40%-60% from their highs and for when businesses start opening in your downtown, rather than closing.
Labels:
bend,
business,
downtown,
economy,
government,
ticket,
travel,
unemployment
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