Aug
28

Effective Networking

August 28, 2017

Adam Grant has a superb essay in the New York Times this weekend titled Networking is Overrated.

I enjoy Adam’s writing immensely (his book Give and Take is a huge inspiration for my upcoming book #GiveFirst). Early in the essay, he has a strong lead in.

“It’s true that networking can help you accomplish great things. But this obscures the opposite truth: Accomplishing great things helps you develop a network.”

He finishes the essay with a great punch line.

“If you make great connections, they might advance your career. If you do great work, those connections will be easier to make. Let your insights and your outputs — not your business cards — do the talking.”

Now, great connections can result in special things. I’ve always believed in being open to random connections and for years I would do a random day once or twice a month, where I’d meet with anyone for 15 minutes. Some magnificent things have come out of this, including Techstars and my relationship with NCWIT. As I’ve gotten older, and more visible, it’s been harder to maintain any rhythm around random day, but it shifted to something else that’s congruent with what Adam is saying.

While I still try to respond to all of my emails, I now have very little available face time or phone time. So I allocate whatever is free to people who are doing interesting things. Instead of having random days, I have “react and spend time with people doing interesting things” days.

Remember, I’m an introvert. In Adam’s sequel to his NYT article titled To Build a Great Network, You Don’t Have to be a Great Networker (enjoyably / ironically on LinkedIn), he says:

“It’s possible to develop a network by becoming the kind of person who never eats alone, who wins friends and influences people. But introverts rejoice: there’s another way. You can become the kind of person who invests time in doing excellent work and sharing your knowledge with others.”

Get to work. Seriously – just go do some stuff. You’ll be amazed at what happens as a result.

Also published on Medium.

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Original author: Brad Feld

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Aug
28

Capital Efficient Entrepreneurship: Ephesoft Founder Ike Kavas (Part 1) - Sramana Mitra

Ike has bootstrapped Ephesoft and turned a relatively small $3.2 million investment into $12 million in 2016 revenue. Excellent execution. Sramana Mitra: Let’s start at the very beginning of your...

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Original author: Sramana Mitra

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28

Skidos offers an SDK to turn mobile games into ‘learning apps’

 Skidos, an edtech startup based in Copenhagen after relocating its HQ from New Delhi, offers an SDK to help games developers turn casual games into “learning apps”. Read More

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What is the Difference Between Business Model and Exit Strategy? - Sramana Mitra

Watch this 41 second cartoon video. A Business Model is how you monetize your value proposition. Exit Strategy is how investors (including founders) monetize their shares. To build a business,...

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Original author: Sramana Mitra

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Aug
28

Athelas launches a new type of blood testing device for the home

 Athelas is launching a low-cost, blood diagnostics device today made for testing certain diseases like the flu, bacterial infections and cancer in the comfort of your home.Tanay Tandon founded the startup in 2014 at the tender age of 17 to develop a smartphone device that could detect malaria through blood samples. That idea proved difficult but the idea of ease and mobility stuck with… Read More

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Billion Dollar Unicorns: Delivery Hero Goes Public Albeit Huge Losses - Sramana Mitra

According to a ResearchandMarkets report published earlier this year, the global online food delivery and takeaway market is estimated to grow 15.25% annually over the five-year period through 2021....

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Original author: MitraSramana

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Navigating Through Multiple Pivots: Convercent CEO Patrick Quinlan (Part 1) - Sramana Mitra

You learn from successes. You learn a lot more from mistakes and failures. Patrick freely discusses various missteps in his journey and how he managed to pivot out of various corners. Excellent...

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Original author: Sramana Mitra

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Catching Up On Readings: US Mobile Apps 2017 - Sramana Mitra

This feature from TechCrunch covers the highlights of comScore’s newly released report on US Mobile Apps. It says that about 57% of consumers’ time on digital media is spent on apps. However,...

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Original author: jyotsna popuri

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Aug
27

Y Combinator takes machine intelligence startups to school and learns a thing or two

 Machine intelligence startups are the black sheep of the startup world. The new kids on the block are challenging investors to do their technical homework and differentiate themselves in intentional ways. Y Combinator joined a growing list of investors offering exclusive services to these companies in a specialized AI track for its latest S17 batch of startups.In the competitive world of… Read More

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Aug
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The negative instinct

 I’ve seen, of late, a tendency for young, intelligent men (and sometimes women, although this is primarily a male phenomenon) to fight back against the inequity of the startup ecosystem by joining political movements that are far right of Libertarianism. This tendency, one borne out of helplessness and frustration, is also defined by a certain mindset: that the world owes them success. To… Read More

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Aug
25

Saying No 100 Times A Day

Given my role in the world, I say no a lot.

I get hundreds of unsolicited emails a day, often asking me to get together, invest, or look at something. Lots of VCs and execs who I know simply ignore and don’t respond to these emails. I’ve always tried to at least respond to them unless they are clearly a mass email.

A long time ago I learned how to quickly identify what I don’t want to spend time on, which I wrote about in 2009 in my post titled Saying No In Less Than 60 Seconds. As time has passed, I’ve tuned this filter more, as the volume of requests has gone up.

It’s not a burden to receive the requests. It used to be a burden to say no, but it isn’t anymore. I’ve spent a lot of time thinking about why, how it used to affect me, and how it affects me now.

I’m fundamentally an information synthesizer. I want more, not less, data. I want it from a diverse range of inputs. My brain does a good job of storing away bits and pieces of the stuff I see, read, and hear (although I’m worst at hearing – I much prefer seeing or reading) and brings them back to the forefront connected to other things at the appropriate moment. That’s one of the reasons I read such a diverse set of books.

But I don’t need a lot of data to make a decision as to whether I want to spend time on something. I’m already extremely booked up, so if I don’t say no as often, and as quickly as I do, I can’t begin to imagine what things would look like in my world. While I’m open to lots of new things, I only want to spend time on things that interest me or that I feel like I can add something to.

The one downside of this is that a lot of my schedule is a reactive one, where I’m spending time on things because I said yes to a request. I believe this is part of my job and it can be a satisfying part of my existence. But, when it gets out of balance with all the actual proactive work I need – or want – to do, it often causes me to have lost stretches of time like I did this summer.

I’m sitting in Amy’s office with my laptop catching up on stuff today. I’ve already told about 20 people no so far as I went through my emails from yesterday and overnight that I hadn’t yet responded to. I’m sure I’ve got another 20 after I finish this post, at which point I’ll start attacking my weekly non-urgent to-do list. The music Amy chose is nice and mellow, the sun is shining, and I’m calm and contemplative after a full week.

If I say no to you, realize that it rarely has something to do with the quality of your idea or you as an individual. Instead, it’s about me and how I want to spend my time. I know there’s often dissonance in that, especially if you are a founder who is trying to get my attention because they’d like me to be an investor in their company. But realize that by saying no quickly, I’m respecting you and your time by not wasting it.

Also published on Medium.

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Original author: Brad Feld

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Aug
25

August 31 – 365th 1Mby1M Mentoring Roundtable for Entrepreneurs - Sramana Mitra

Entrepreneurs are invited to the 365th FREE online 1Mby1M mentoring roundtable on Thursday, August 31, 2017, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST. If you are a serious entrepreneur, register...

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Original author: Maureen Kelly

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Thought Leaders in Big Data: Chris Astle, CEO of QSR (Part 2) - Sramana Mitra

Sramana Mitra: Let’s do a couple more use cases and then I’ll ask you other questions. Chris Astle: Other use cases would be from an academic perspective. Our software is used extensively by...

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Original author: Sramana Mitra

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Aug
25

364th Roundtable Recording on August 24, 2017: With Greg Besner, CultureIQ - Sramana Mitra

In case you missed it, you can listen to the recording here:

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Original author: Maureen Kelly

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25

Billion Dollar Unicorns: Valuation Without Revenue Nextdoor Trying to Monetize - Sramana Mitra

Facebook’s social networking skills have inspired a few others to set up their own networking channels. For instance, LinkedIn established a professional focused networking service. A smaller...

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Original author: MitraSramana

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Building a Fast-growth SaaS HR Technology Company: Justworks CEO Isaac Oates (Part 5) - Sramana Mitra

Sramana Mitra: What did you learn about the target customer segment? You said you started catering to tech startups. Where was the business coming from as you grew? What were you learning about...

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Original author: Sramana Mitra

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Aug
24

Roundtable Recap: August 24 – How A Serial Entrepreneur cum Angel Investor Thinks About Startups - Sramana Mitra

During this week’s roundtable, we had as our guest Greg Besner, Founder and CEO at CultureIQ. Greg is a serial entrepreneur and an angel investor. We discussed both his journey as an entrepreneur,...

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Original author: Sramana Mitra

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Aug
24

Mortgage technology provider Blend raised another $100 million led by Greylock

 San Francisco-based Blend is simplifying the process of mortgage applications for both borrowers and lenders, but is looking to expand into other lending products. To do that the company has raised $100 million in new funding led by Greylock, with participation from a bunch of existing investors. Read More

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24

SoftBank pours $4.4B into WeWork

 WeWork just announced that it’s receiving a massive $4.4 billion investment from SoftBank Group and SoftBank Vision Fund.It’s been less than a month since WeWork announced $500 million in funding for a standalone WeWork China business, which SoftBank participated in. It’s also launching in Japan through a joint venture with SoftBank — so this funding deepens an… Read More

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Descartes Labs raises $30 million Series B for its brand of geospatial analytics

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