Hang In There

I tend to get a bit emotional when I find myself looking back over my almost 2 years of full time, full contact entrepreneurship.

Why?

Well, it’s been such a crazy ride.  It’s been up.  It’s been down.  I’ve been in.  I’ve been out.  I quit my last full-time job over 2 years ago with basically nothing to jump to but my own gut instinct, which told me – akin to Field of Dreams – “if you jump, they will find you.”

I jumped.  And they found me.

It was incredible to jump into my company full-time, but in reality it hasn’t been all roses.   Mostly I’ve hung in there and “weathered the storm”  as they say, until brighter days came.

It was then I realized what this entrepreneurial journey is all about – hanging in there.  I was reminded of this recently as I was chatting with GeekWire founder John Cook.  He mentioned it as I asked him about some of the lessons he has learned over the last few years building GeekWire.

He said something to the extent of “if you just hang around long enough you will make it.”

What I think John is saying is you need to be patient enough to give yourself the opportunity to encounter success.  It doesn’t happen overnight.  It sometimes doesn’t happen over a year.  Fortunately (or unfortunately) some people must wait many, many years before the seeds they have planted actually grow into something they can reap benefits from.

But you just have to hang in there.

John is a perfect example of this in action.  He spent about 10 years working for an old traditional newspaper, the Seattle PI.  At the time, he was covering tech and could see what was about to happen (or happening) to the newspaper industry due to the growth of the web.

In fact, he and his friend Todd actually came up with an entire plan, shared it with the PI and suggested they go another direction, embracing the web as opposed to fighting it.  John and Todd told the PI they would run it.  Those executives didn’t listen the John and Todd, which at the time I am sure was frustrating to the both of them.

Yet, today…. GeekWire is an up and coming digital media resource, has a great presence in Seattle and beyond, and is growing strong.   The Seattle PI?  They shut their doors on their physical paper a few years ago and are struggling to stay relevant in this new digital world.

Lesson: It will come soon enough if you just hang in there.

What I Have Learned In the First Few Founders RAW Conversations

I love entrepreneurship because it comes in all shapes, sizes, flavors and personalities.

As I am sure you know, we have started a new project recently, called Founders RAW.   It’s a video site where we showcase recorded conversations I have with other founders over a beer to get a better idea of their story as well as (hopefully) pull out lessons that other viewer will be able to apply to their life.

One of the perks of founding Founders RAW is the unique opportunity to be the one sitting down with these individuals and drive the conversation.  It’s an honor, and it’s quite fun.

It’s also very educational.  Here are just a few things I picked up after the first 6 Founders RAW conversations.

Entrepreneurial from an early age

Everyone I have sat down with has expressed how they were exposed to entrepreneurial ventures from a very early age.  This may have been through observing their parents operating their businesses, working paper routes during middle-school, creating their first “business” in their youth or somewhere in between.  The common thread I am already seeing is entrepreneurship is taught (or experiecned) very early.  So early, in fact, these people thought it was normal and was what they wanted to do when they “grew up”.

This is precisely what I was talking about when I wrote about Making Entrepreneurship An Infectious Cultural Disease.  If we’re taught from a young age to take responsibly for our business life and chart our own course, well that’s exactly what we end up doing.

Clueless at first

Like clockwork, when I talk to founders it’s bound to come out at some point.  “I was clueless at first.  We had no idea what we were doing and we just tried things to see what happened.”  It’s amazing how high of a pedestal we place founders of companies, thinking they know it all and are destined to succeed from day one.  Unfortunately it can’t be farther from the truth.  Founders are forced to quickly learn on the job.

If anything, we are VERY good actors.  We fool others into believing we know what we are doing.  And we continue to do that until we stumble into actually knowing what we are doing.  I believe this skill is a pre-requisite for a founder: the ability to convince yourself and others you know the next few steps to take towards success.  And then exercise that ability to go find and do what ends up being the next step before it’s too late.

It’s Hard Work!

Founding a company is hard work.  I hear it again and again each time I sit down with a new founder during Founders RAW conversations.  “It was tough man!”  “We worked really, really hard sometimes for many, many years.”  Anything extraordinary will require extra effort on the part of the founder, no exceptions, they tell me.

What’s really interesting is to ask them the next question “So given it was hard work, what makes you different than the other founders who are working just as hard?”   I don’t have a specific answer I can write about right now but I think that answer would be very interesting, specially coming from the horses mouth.

My guess: “I figured out a smarter way to work hard.”  Although everyone can work hard, the most successful people find ingenious ways to get things done quicker, faster, more efficient and with higher quality.  A railroad worker most definitely worked harder than a business man, but it was the business man who walked away from the day with more money, providing him more security.

Hear many, listen to few

An interesting nugget of wisdom has already been touched on in these early conversations.  It revolves around the idea that everyone wants to tell you what to do next and how to best build your company.  “Everyone has an opinion, just like everyone has an _________.”

The key is to hear and understand as many viewpoints as you can, but then parse out what applies to your situation and follow a few solid pieces of advice.  Be very picky on who you give your ear to, who listen to and what you read.

Hear a lot, listen to few.

This is huge!  If you don’t follow this advice you end up like a dog running around looking up every time it hears something and sniffing everything it sees.  This is a quick way to go nowhere, fast.

Man, it’s been quite an awesome few months and I look forward to many, many more beers with other great founders who are willing to open up to me and tell us their stories.

If you haven’t yet watched these first conversations, go check them out now > Founders RAW

Founders RAW: John Cook of GeekWire Tells His Awesome Startup Story

“If you just hang around long enough… you’ll make it.”

In the latest installment of Founders RAW I recently sat down with John Cook, co-founder of GeekWire, a growing media resource here in Seattle covering technology and startups.  It’s a great conversation, ranging from his memories of his entrepreneurial parents to his lessons from youth sports and onto his crazy startup experience with launching GeekWire.

Founders take note, John is not only a budding entrepreneur himself, but since he covers other successful founders he knows what it takes to make things happen.

Some Of The Best Video Content Is Never Actually Captured

I just finished a great Founders RAW conversation with John Cook, founder of GeekWire.  As we were wrapping up and had already turned the cameras off, we ended up chatting for a while longer.

I wish we hadn’t turned those cameras off!

It was then we dove into some of his more challenging times, including the story of how when he was still working for the newspapers and struggling to expand TechFlash (precurser to GeekWire) when him and his co-founder Todd decided to launch GeekWire.  He said they actually had to rush the launch of GeekWire because they were basically creating a competitor to their previous employer.  He reminisced about the day of turning on their new site, describing how he even jumped out of their car (which was sitting in traffic) and ran to their office where they were going to flip the switch and launch the site.  He was so excited he couldn’t wait another 10 or 15 minutes!  He said it was pretty crazy times.

It was a lesson for this video newbe to always be ready and don’t stop filming until you really are done.

He also spoke about the challenges of being a founder while a parent of very young children, something I don’t envy.  When asked what is the key to being a founder + parent, John simply said “an awesome wife.”  Below is a quick picture capturing our post interview conversation.

We’ll have the entire conversation out and posted in a few days.

John Cook

Founders RAW – Incredible Wisdom From Amp Tab Founder Patrick Henley

Another great Founders RAW conversation, this time with Patrick Henley, founder of Amp Tab.  Patrick lays down some solid wisdom as someone who has been successful in a number of different industries – selling Mount St. Helens ash at 6 yrs old to building houses and now building a software startup to help streamline sales processes.

Listen closely, there’s nuggets of wisdom you don’t want to miss.

Making Entrepreneurship An Infectious Cultural Disease

You have no idea how bad I want you to catch this disease.

We usually have a negative connotation to the word disease, but not in this instance. I believe entrepreneurship is a disease – albeit a good one – that can positively affect entire societies.

I recently ran across this statement on PandoDaily and it sums up how I feel about entrepreneurship:

cells

I believe the key to creating a new Silicon Valley is to make entrepreneurship a cultural and societal norm for the region you’re trying to affect. Once it becomes a norm, it spreads like an infectious disease. If you believe entrepreneurship is what’s expected of you, it’s highly probable you’ll go after it regardless of how many VCs are nearby or whether or not there’s a local tech happy hour.


More and more often I am reading articles touching on a new norm in our society – college grads and people looking for jobs should prepare for a life of ‘temporary jobs” “part-time positions” and “a lifetime of ever changing job markets.”

Sounds promising, huh?

If you are a life long employee this is not good news. The traditional employee mentality will not cut it anymore.

But if you are an entrepreneur, or someone who views the world as a multitude of opportunities just waiting to be jumped on, you are embracing the times like there’s no tomorrow. You know that like it or not, your future is 100% dependent on you and you alone. The world is now your oyster and it requires you to think more like an entrepreneur than ever before.

So how do we spread the entrepreneurship mentality like a disease?

1) Education

There was a time when jobs were secured and a lifetime in one profession or trade was the societal norm. Times have changed, yet we are still educating our children with the assumption they will have one job when we should be preparing them for a life of uncertainty. We need to adequately educate them on how to evaluate markets, find problems, build solutions and market services to the masses. We also need to prepare them for failure, and how to appropriately navigate around it when it inevitably hits.

Formal education such as Entrepreneurship courses and qualified majors are starting to pop up at universities around the country. This is a great first step but not at all good enough. I am encouraged with the movement of accelerators and incubators in the technology space, such as Founders Institute (which I experienced in 2011) as well as YCombinator, TechStars, 500 Startups and many others. Although great organizations, the challenge with these is the fact that they put the cart before the horse at the expense of many would be founders. One must enter pitching their product/service idea, already have a highly talented team, and previous successful experience in-so-much that they can pass the admittance interview. Unfortunately, it’s easier to get into Harvard than it is to get into YCombinator.

What about those who are too early in the process to gain acceptance to these elite programs? I believe entrepreneurship needs to bleed deeper into our society, influencing our youth at an earlier age. Hopefully, junior high and high schools will start to focus on entrepreneurship just as we previously focused on wood shop and auto shop. Also, more media attention and resources can help permeate the spread of the disease. This is where resources like Founders RAW (selfish plug), Under30CEO, Coursera, Udacity, entrepreneur.com and others must continue to focus on educating the early stage founder on a daily basis and in an easy to access virtual environment.

2) Publicity

The stories need to be told. People need to be able to learn about other founders and realize these successful people are no different than the rest of us. Yet, I see a disturbing problem creating an unfortunately negative influence on our society. The stories of Bill Gates or Mark Zuckerberg have become folklore to the point where they are unrelatable to the common man. The story of a Harvard dropout becoming a billionaire doesn’t help most people who are just trying to get to the next level in their newly started company.

The reason is we tend to compare ourselves to the other people, so stories about a billionaire doesn’t necessarily help a college grad taking their first step in creating their own startup. They need to hear realistic and relatable stories from people closer to their viewpoint of society. We need to do a better job of showcasing and publicizing early stage founders stories. We need to celebrate smaller wins, rather than wait till a founders sells their company for hundreds of millions of dollars. Again, this is one of the primary reasons we are starting Founders RAW, to share the truth about entrepreneurship and illustrate how founders can be relatable to others wanting to start their own business.

3) Events

Startup events like meetups, sponsored events and weekend gatherings are paramount to community engagement. We need more! The already established startup community needs to be able to open their arms to newbes who are shy or unwilling to open up in new environments.

Why? These are the places where people can get acquainted with their local startup communities, where they can meet other founders face to face, and possibly even meet their next co-founders. Also, events like Hackathons are a great way to grease the wheels of creativity, sometimes these are seminal events where an individual hatches first project. More events create more connections, which create more opportunities for innovation.

Encouraging entrepreneurship is great, but simple encouragement misses the point. We need to infect our family, friends and neighbors with the “go getta” disease if we are to survive the next century in the U.S.

Who’s Behind Founders RAW?

New Founders RAW logoI recently started a new project called Founders RAW, a destination for video conversations with other startup founders.  Why are we recording these conversations?  Simply put, we think the truth of entrepreneurship needs to be heard far and wide.

From the About section:

Founders RAW is actually an experiment.  As founders of an early stage startup we quickly realized how difficult starting a company can be.  And being part of the larger startup community in Seattle we discovered we weren’t alone in our crazy, mind-blowing experiences – apparently others have them too.  The idea started to form once we noticed the frequency of finding ourselves 30 minutes deep in truth sharing and wisdom dropping conversations with founder friends.  We wondered if others would be interested in what we have learned, so we figured why not to bring a camera.  I guess we’ll see what happens.

Founders RAW a video blog with conversation style interviews focused on bringing out raw stories early stage founders experience in their challenging entrepreneurial journeys.  We invite founders to talk openly over a beer or a coffee about the “truth” of how they survive and grow their companies.  We post the full conversations on the blog but really, who has time to watch 45 minutes of video?  So we slice up the conversations and post nuggets each day as well as send out daily videos no more than 3 or 4 minutes long to blog subscribers.    Now we all can receive daily nuggets of the entrepreneurial truth.

Don’t forget to subscribe and please reach out to us if you are interested in chatting.

I brought in a few friends to help make this happen.  You can watch Nate and I talk over why we started Founders RAW in this video, Why we started Founders RAW.  We believe the best way to educate new founders is through candid and casual conversation with other founders, regardless of their experience level.  Although a veteran certainly knows more about starting companies than someone on their first go-around, we believe everyone has something unique to teach other people.  We hope we can continue to grow and expand the impact Founders RAW has on entrepreneurial communities.

=======================

Nick Hughes

nick_headshotNick is an entrepreneur and writer in Seattle, WA.  He is currently the founder and CEO of Seconds, a mobile payment startup helping to bring payments into the mobile era using the web and text messages.  He also consults with other companies locally and nationally on business development and product strategies. In his spare time you will find him as far away from the desk as possible, hopefully on a trail or close to water. 

 

Nate Martinez

nate_headshot

Nate worked as a business development manager for a venture capital and private equity data research platform. Prior to that role, he ran his own hedge fund trading search platform for three years, with particular focus on quantitative strategies. His early career was spent with Credit Suisse (NYC) trading on their investment grade credit derivatives and corporate bond desk.

 

Josh Peterson

josh_headshot

Josh is currently head of Audio and Video production for Founders RAW. He also works as a web developer and media artist, and his interactive electronic artworks have been exhibited at galleries and events in Seattle. Josh hopes to develop technology that artists will use to make new and exciting forms of digital art.

Starting A New Chapter Today, Shooting The First Interviews For Founders RAW

FR iconToday marks a new chapter in my life and I am excited to start sharing more about what we are embarking on here in Seattle.

Today, we are shooting what should be the  first of many conversational interviews with local startup founders for our new concept called Founders RAW.

What is Founders RAW?

Founders RAW is actually an experiment. As founders of an early stage startup we quickly realized how difficult starting a company can be. And being part of the larger startup community in Seattle we discovered we weren’t alone in our crazy, mind-blowing experiences – apparently others have them too. The idea started to form once we noticed the frequency of finding ourselves 30 minutes deep in truth sharing and wisdom dropping conversations with founder friends. We wondered if others would be interested in what we have learned, so we figured why not to bring a camera. I guess we’ll see what happens.

Founders RAW a video blog with conversation style interviews focused on bringing out raw stories early stage founders experience in their rough and tumble entrepreneurial journeys. We invite founders to talk openly over a beer or a coffee about the “truth” of how they survive and grow their companies. We post the full conversations on the blog but really, who has time to watch 45 minutes of video? So we slice up the conversations and post nuggets each day as well as send out daily videos no more than 3 or 4 minutes long to blog subscribers. Now we all can receive daily nuggets of the entrepreneurial truth.

More work still needs to be done on the site and the current video posts are just test/fillers, but I am sure you get the idea.  We’ll be updating it soon and you should start to see high quality conversations showing up as the weeks go on.

My first guest – the one and only Nate Martinez, who is my cofounder on the project with me.  We’ll be chatting about our entrepreneurial experiences as well as why we decided to start Founders RAW in the first place.

Since this is new territory for us I have no idea the turn around time for us to get the content uploaded onto the site, but stay tuned.

If you know of anyone who has an interesting and entertaining entrepreneurial story to share, please let me know and I’ll reach out to them.

Here’s My New ‘Current Projects’ Page, So Y’all Can Keep Tabs On Me

I am noticing a trend forming in my life.

I’ve been more open to starting a few new projects lately and so I decided to update this blog and create a spot where you can go to at any point in time and check out what I am working on.  You can find the link at the top right of the header menu bar on this blog.

Current Project page.

Below you can see a snippet of things I am up to right now.  More will probably come soon but this is what is happening at this point in time in my life.  Given the fact I am currently also doing some outside contract work for other companies, I am only listing the projects/companies I have founder or equity stake in.

Enjoy.

And reach out to me if you are interested in partnering or getting involved with any of them.

Current Projects

Seconds logo

Seconds is a payment system allowing you to swiftly complete transactions via the desktop web, mobile web or text message. It shouldn’t matter what method you use, the payment experience should be as quick, simple and intuitive as sending a text message.  Realizing how important ongoing relationships are between customers and merchants, and also realizing the main point of entry into our world is now through our mobile device, we see an incredible opportunity.

 

Callin'it logo 2

Callin’it is a mobile web based real-time sports prediction and data analysis platform.  Using Callin’it, people are able to test and share their sports knowledge by publically predicting – or calling – stats, plays or outcomes of an upcoming sporting event.  For instance, right now I am calling the Miami heat will have more rebounds than the Chicago Bulls in tonight’s game.  Using real time sports data, we then compare the specific call with the actual result to build out a score for each user based on the accuracy and difficulty of their calls.  If Twitter and the ‘SAT’s for sports’ had a baby, Callin’it would be their lovechild…

 

Founders Raw logo2

Founders Raw is my newest project, a video blog with conversation style interviews focused on bringing out  raw stories early stage founders experience in their rough and tumble entrepreneurial journeys.  I invite founders to talk openly over a beer or a coffee about the “truth” of how they survive and grow their companies.  We intend on slicing up the conversations and sending out daily videos no more than 3 or 4 minutes long so we all can receive daily nuggets of the entrepreneurial truth.

 

Published Books

The Agony and Ecstasy of Entrepreneurship

The Agony and Ecstasy of Entrepreneurship has been adapted from this blog, So Entrepreneurial, and placed into book format.  They are my thoughts and musings on all things entrepreneurial, meant to help you understand what it takes and how to think like an entrepreneur in today’s world.  Far from perfect and by no means the only way to go about the journey, they represent my lessons taken straight from the trenches.  Since my thoughts originated as blog posts it’s best to take them piecemeal, maybe even digesting just a few topics each day. You will find my main perspectives are around mobile, digital and internet technologies but the principles can be applied to any other entrepreneurial focus.