66: How to Raise Capital for Your Startup with Brad Feld of Techstars & Foundry Group
Brad Feld is blunt:
“The glamorization of being an entrepreneur I put in the category of total bullshit.”
However great it can be, entrepreneurship is hard. It can mean disappointment. It can mean exhaustion. It can mean frustration. It can mean failure. Starting a business is less smooth sailing and more stormy seas, often with waves of worry even as you tack toward horizons glowing with promise.
“If you’re obsessed about this product that you want to bring to life, this business that you want to create, you’ll get through it,” Feld says. “If you’re not, you won’t.”
He would know. Feld has been open about grappling with depression and dealing with the difficulties of a demanding job, yet he’s worked obsessively over dozens of years to get to where he is today.
In 1987, he built a profitable software consulting company. Six years later, he sold it. He soon began investing money in other startups, a path that would lead him to cofound two venture capital firms, including Foundry Group, where he works today. He also cofounded Techstars, a massive startup accelerator.
Feld has heard pitch after pitch—both successful and not. He has invested in company after company—including Harmonix, Zynga, and Fitbit. Pair those facts with his first-hand experience running a business, and it becomes clear that Feld knows how to get things done.
In this interview you will learn:
What makes, and breaks, an true entrepreneur
The importance of finding balance when it comes to work and your personal life
What to do when you hit those roadblocks and feel like giving up
The key to rockstar pitches and how to impress investors
How to blend short-term and long-term thinking in order to become a successful entrepreneur
& much more!