CES update

This is the Best CES I've ever attended. I'm blown away by how rapidly technology is changing everything I've ever known about media, both mass media and my own content. We are entering a world where anyone can produce audio and video programming and actually get it into the hands of consumers on any device.

Staying in Business

We entrepreneurs sometimes feel victorious after we have raised capital from family, friends, angels or VCs. But the pressure and the hard work are just beginning. You have to stretch those dollars until you get to cash flow positive, and it is always difficult to do so. The worst case scenario is to run out of cash before you have built the product or successfully sold it to real customers. Or you are just starting to get customers, but you can't afford to spend more money on sales and marketing to attract more.

Angel Investors Acting Like VCs

A Business Week article (thanks John and Steve!) discusses that angel investors are banding together more often and investing larger amounts in less risky deals. The author mentions that more than 200 organized angel groups exist in the U.S. served by the Angel Capital Association. I like seeing the growth from the organized angel groups. FundingUniverse.com (one of our portfolio companies) helps by providing free online software (the DealFlow Suite) to help angel groups find quality business plans and growing companies that they want to learn more about.

Goals for 2006

I've been thinking a lot about goal setting recently. As a Christian, I have always liked that Ezra Taft Benson (Secretary of Agriculture under Eisenhower and later, President of the Mormon Church) explained that all of us should follow the example of Jesus Christ in making progress in four areas of life. The single biblical verse that describes Jesus' life from age 12 to 30 says: "And Jesus increased in wisdom and stature and in favor with God and man." (Luke 2:52)