Wednesday, October 25, 2006

Fortune's Ten-year Plan for Greatness

Fortune Magazine reports that the following steps, repeated thousands of times, over at least a ten year period will result in personal greatness.

1) Approach each critical task with the explicit goal of getting muh better at it.
2) As you do the task, focus on what's happening and why you're doing it the way you are.
3) After the task, get feedback on your performance from multiple sources. Make changes in yur behavior as necessary.
4) Continually build mental models of your situation -- your industry, your company your career. Enlarge the models to encompass more factors.
5) Do these steps regularly, not sporadically. Occasional practice.

It doesn't matter how smart you are, how rich you are, or what natural strengths you have. Just do that for AT LEAST ten years, and you'll be a great one. The field is much more event than some of us may have thought.

Tim Sanders on BookJive.com

Local internet prodigy Garrett Smith and the crew at BookJive have produced a podcast interview with Tim Sanders, author of local cult favorite, Love is the Killer App. Garrett has worked with us at Funding Universe in the past. I was impressed with his work then and I’m impressed with his work now.

Speaking of Tim Sanders, I am always amazed by the abundance of “lovecats” out there who are always seem to come out of the woodwork to help Funding Universe as we move into new markets across the U.S. Big thanks to all of those who have helped us make our mark and continue to do so. You know who you are.

Friday, October 13, 2006

Invest in YouTube? Nah ...

Props to Josh Copelman who openly shares the fact that he passed up, or was passed up by YouTube in August of '05. Ouch ... Fortunately, Josh has played part in starting and selling a few very successful companies, including half.com (to eBay) and TurnTide (to Symantec), so no biggie.

When we were selecting entrepreneurs for our Silicon Valley Speedpitching luncheon, we almost pulled a Josh when we nearly passed up an entrepreneur who had started and sold two companies for $20M+. He company had board members who founded and/or lead companies like Skype, PayPal, and eBay.

Although he he was a great entrepreneur, there wasn't much to the PowerPoint he sent over. If it wasn't for some detective work on the part of our sleuth-of-a-CTO, Trent Miskin, we would have passed him up. I had nightmares that night about him blogging about some stupid company called Funding Universe that passed him up in favor of a company that franchises gerbil grooming shops.

Not nearly as big as passing on YouTube, but still funny.

Tuesday, October 10, 2006

Three Things:

1) I am still alive. EnablingAngels took up all of my blogging time for a while, so my personal blog took a pretty big hit. I loved the opportunity to blog so prolifically on a subject that I enjoy so much, but the commitment to blog daily just became too much. Funding Universe is changing a lot right now -- look for a big change in the site late Oct./early Nov. -- and those changes have been very time consuming.

2) TagJungle is in the house! Phil Burns and his posse at 42co have been developing a hip new search tool that helps blog readers sort through the mounds of information in the blogosphere and find the most relevant information about topics that concern them most. What's cool about it all is that the information is sortable several different ways that no other search engine has done before. Phil and Jeff have blogged about it. If Phil and his crew can execute, his could be the coolest 2.0ish deal to come out of Utah in ... well ... ever.

3) Yepic. Go there. It's a cool site that allows users to post and sell their own content. I got to hang out with Corey Davis, one of the founders last week and really caught the vision.

Let's say you're a student who has taken copious notes in your biology class and you want to make a little extra dosh at the end of the semester. You can post your notes -- assuming it isn't against any school policy -- on Yepic and sell them to next semester's students. Professors could sell research, artists sell poetry, programmers sell code, salesmen sell sales scripts ... whatever.

It's great to be a blogger and it's great to be in Utah seeing all of these killer technology plays make noise.

Any other Utah companies worth talking about?