Advanced Human Technologies is now part of marketing, innovation and ventures group Rh7thm

The Advanced Human Technologies Group of companies has been integrated into the newly launched marketing, innovation and ventures group Rh7thm. For background please read the post on my personal blog, Phase transition: I am launching a new group of companies. Please visit the Rh7thm website to find out about the new group. Get in touch with Rh7thm if you are interested in any of the services or activities that were previously part of Advanced Human Technologies.

But Why?

Being an investor and board member means that you are close to the companies you invest in but not “in them.”. This near and dear relationship creates some interesting challenges for both the management and the investors. One of them is understanding the difference between information/reporting and a real understanding of what is going on in the business. I often find myself saying “but why?” at board meetings:
  • “Revenues are soft this quarter” – but why?
  • “MAUs are up 150% over last quarter” – but why?
  • “We are going to miss our ship dates” – but why?
  • “We expect to decrease our hosting costs by 50% next quarter” – but why?
  • “We can’t seem to get any interest in the next round” – but why?
  • “We are getting a lot of inbound interest from investors” – but why?
  • “We have a lot of turnover in our engineering organization”
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Central European Summer Time (CEST)

The Gotham Gal and I have been married for thirty years this June and we are spending the next month in Europe celebrating that and all that has come from it. Blog posts will be arriving central european summer time (CEST) until the end of June.  And they will be about all sorts of things that may or may not have anything to do with technology and startups. Now off to breakfast


USV TEAM POSTS:

Nick Grossman — May 29, 2017
Regulating source code

A lake in Iceland 

You weekly moment of zen from the land that is most magical, Iceland made with FujiFilm XPro2. I edited it this morning with Lightroom, because I woke up too early and couldn’t go back to sleep. I didn’t feel like writing and it was too early to work out! Enjoy!

Happy Valentine’s Day

My two favorite holidays are Thanksgiving when we are thankful for family and food and Valentine’s Day when we celebrate love and the people we love. Love is a powerful thing, maybe the most powerful thing. And I am blessed to have a lot of it in my life.  So I hope everyone in AVC land takes time today to be with your loved ones and celebrate the love in your life. Happy Valentine’s Day

From The Archive: Employee Equity – How Much

I’m skiing this week. It’s snowed two feet in the last two days. So we will continue to dip into the archives until I come up for air, later this week. I saw this tweet exchange yesterday about my employee equity post.  So I’ve reposted it here below.

The most common comment in this long and complicated MBA Mondays series on Employee Equity is the question of how much equity should you grant when you make a hire. I am going to try to address that question in this post.

First, a caveat. For your first key hires, three, five, maybe as much as ten, you will probably not be able to use any kind of formula. Getting someone to join your dream before it is much of anything is an art not a science. And the amount of equity you need to grant to accomplish these hires is

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Planning For Next Year

For the past few weeks I have been going from Board Meeting to Board Meeting reviewing, discussing, debating, and, ideally, approving the 2017 plans for the companies that I work with. Here are some thoughts and observations about the year end planning process: 1) Companies should start the annual planning process early. I think September is a good time. It should start with a wide open data gathering process which involves as much of the organization as is possible.  2) The planning process must be grounded in the strategy which should be set in advance of the planning process. If a strategy adjustment is required, that needs to happen before the plan can come together. 3) The senior team needs to do the plan as a group. That can involve offsites, a set of regular (weekly?) meetings, or something else. But planning is a team effort and a
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