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bussgang
An entrepreneur turned VC.
Interests: Baseball (Red Sox diehard), politics (free-market Democrat, progressive policy wonk, The Alliance for Business Leadership), education reform (Facing History and Ourselves)
Recent Activity
Immigration Reform - Senate Testimony
I was invited to testify at a Senate hearing tomorrow in front of the US Senate Committee on Commerce, Science and Transportation. Below is my planned testimony. (update: the video of my initial statement is below and the full hearing... Continue reading
Posted May 7, 2013 at Seeing Both Sides
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I am a Bostonian
I was born and have lived in the Boston area almost all my life. I went to school here, met my wife and married her here, built a family and pursued my career here. I am a rabid fan of... Continue reading
Posted Apr 16, 2013 at Seeing Both Sides
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Raising Your First Round of Financing
I gave a talk at Harvard Law School this week to a VC and Entrepreneurship class on raising your first round of financing. It was good fun and forced me to rethink my usual presentation and add some practical elements.... Continue reading
Posted Apr 12, 2013 at Seeing Both Sides
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Seeking A Job in Start-Up Land
Posted Apr 1, 2013 at Seeing Both Sides
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No Denying Deflation: Will It Eventually Kill Content?
In classic economics, deflation - a downward trend in prices - is a dangerous force that leads to recessions (see: Japan, economic disaster - a case study). In the world of the Internet, deflation viewed as a positive force, leading... Continue reading
Posted Mar 18, 2013 at Seeing Both Sides
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The Religion of Entrepreneurship
All the focus on the Pope's departure from the Vatican has got me thinking about the meaning of religion. Those ruminations have led me to a surprising conclusion: one of the reasons the force of entrepreneurship has become so powerful... Continue reading
Posted Mar 5, 2013 at Seeing Both Sides
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Fred Wilson Returns to HBS
Posted Feb 27, 2013 at Seeing Both Sides
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Balance and StartUp Life
Posted Feb 10, 2013 at Seeing Both Sides
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Leadership Lessons for Entrepreneurs from Jethro (Moses' Father-in-Law)
I was in synagogue last weekend for a cousin's bat mitzvah and was struck by the entrepreneurial lessons from the weekly Torah portion. The portion was Exodus 18, where Jethro, Moses' father-in-law, sits down with him and gives him some... Continue reading
Posted Feb 6, 2013 at Seeing Both Sides
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Does DC Know Startups?
The short answer is no, but perhaps there’s hope. The day after President Obama was inaugurated for a second term, I was invited to speak at the (MUCH smaller) inaugural meeting of the newly formed Congressional Caucus on Innovation and... Continue reading
Posted Jan 23, 2013 at Seeing Both Sides
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Do Job Specs Matter?
Today's post is brought to you by my friend, Paul Blumenfeld, a recruiter who is one of the most thoughtful people I know when it comes to hiring processes. Since the topic is so fundamental to the company-building process, I... Continue reading
Posted Jan 14, 2013 at Seeing Both Sides
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2013: The Year of Grit
grit /grit/ Noun Small, loose particles of stone or sand. Verb Clench (the teeth), esp. in order to keep one's resolve when faced with an unpleasant or painful duty. 2013 is going to be an "interesting" year (evoking the Chinese... Continue reading
Posted Jan 7, 2013 at Seeing Both Sides
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Finding "Investor-Entrepreneur" Fit (aka Avoiding the Series A Crunch)
A question I often get asked by entrepreneurs is what is Flybridge’s investment philosophy – do we make our investment decisions based on people or on themes? The glib answer is both, but as I’ve thought more about this question... Continue reading
Posted Dec 20, 2012 at Seeing Both Sides
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The Search For Product Market Fit
I continue to be fascinated with the changing art of product management. This week, I taught a class at Intelligent.ly on the topic. Intelligent.ly is a new start-up led by Sarah Hodges, who used to be an executive at Run... Continue reading
Posted Dec 12, 2012 at Seeing Both Sides
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Getting Back to Work - Multi-Dimensional Entrepreneurs
"I can't wait to get back to work. This fundraising is a real drag on my day job." - Startup CEO raising capital We have a number of portfolio companies that are raising money. When I talk to my CEOs... Continue reading
Posted Nov 26, 2012 at Seeing Both Sides
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The Product Manager
Posted Nov 7, 2012 at Seeing Both Sides
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StartUp Communities, Ecosystems
I participated in a WBZ radio breakfast panel yesterday on the Boston start-up community and recently delivered the presentation below at the Harvard Innovation Lab as part of an HBS Entrepreneurship Club Event. It reflects a survey of the local... Continue reading
Posted Nov 1, 2012 at Seeing Both Sides
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Software Is Eating Marketing
When I was a kid, "The Graduate" was a generation-defining hit movie, with Dustin Hoffman playing an aimless college graduate. In the middle of a graduation party, an older businessman takes the wayward Hoffman aside and delivers some wise advice:... Continue reading
Posted Oct 9, 2012 at Seeing Both Sides
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Back to School Blog - Fall 2012
(Note: this post is an open letter to the approximately 400,000 members of the Massachusetts-based student community. Many of the messages apply to students in other innovation hubs.) Dear student, Welcome (back)! Now that you have unpacked the underwear, laid... Continue reading
Posted Sep 30, 2012 at Seeing Both Sides
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Scaling is Hard, Case Study: athenahealth
Posted Sep 5, 2012 at Seeing Both Sides
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Dave McClure Misses An Additional VC Trend...Outside Silicon Valley
There is alot I like about Dave McClure's post on VC industry trends. It captures many of the trends of that are transforming the venture capital industry, particularly the bifurcation of "mega VC" and "micro VC" funds. But I think... Continue reading
Posted Aug 18, 2012 at Seeing Both Sides
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Scaling is Hard, Case Study: TripAdvisor
Posted Aug 16, 2012 at Seeing Both Sides
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TypePad HTML Email
Two observations. First, each of the companies I will
profile – including Akamai – are based in a major technology hub
(and therefore had access to strong local talent) and made numerous
acquisitions along their path. M&A is a key tactic for rapid talent
growth. Second, your questions about cultural shift and keeping focus are
great ones. I should explore these more in the future. I will
observe that in each case, the leadership has been a constant. Paul Sagan
has been Akamai’s leader for 13 years. Trip Advisor’s founder,
Stephen Kaufer, still runs the firm. The third company I will be
profiling is a similar story. It is very rare for a founder or (in
Paul’s case) near-founder to have that long a leadership run in such a
dynamic environment.
From: TypePad
Scaling is Hard, Case Study: Akamai
I have been thinking lately about how hard it is to scale start-ups. The Lean Start-Up movement, as exemplified in Eric Ries' book The Lean Start-Up, has appropriately focused a great deal of attention on the hard decisions and techniques required to create a company from nothing. But once t...
TypePad HTML Email
Hi Jarek – You raise an excellent question. I would note that there
are certain market characteristics where scaling fast is critical, but B2C vs.
B2B is not one of them. When there are network effects in a market (which
Akamai had in building its two-sided network), scaling fast is critical. When
there are high switching costs (e.g., enterprise products which require deep
integration), scaling fast is critical. When you have high barriers to entry (e.g.,
medical devices with deep IP), scaling fast is less critical and avoiding waste
even more important. The state of the capital markets and the cost of capital
also factor significantly in that choice, obviously.
From: TypePad
Scaling is Hard, Case Study: Akamai
I have been thinking lately about how hard it is to scale start-ups. The Lean Start-Up movement, as exemplified in Eric Ries' book The Lean Start-Up, has appropriately focused a great deal of attention on the hard decisions and techniques required to create a company from nothing. But once t...
Scaling is Hard, Case Study: Akamai
Posted Aug 3, 2012 at Seeing Both Sides
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