Never miss an episode! Subscribe in iTunes: Audio (bit.ly/TwiStA) || Video (bit.ly/TwiStV) Igloo is an intranet you'll actually want to use: Visit www.igloosoftware.com/thisweekin and sign up for a chance to win the new iPad mini! Are you a first time entrepreneur looking to incorporate? eMinutes has embarked on a mission to form 500 corporations for free! Go to www.eMinutes.com for more details. ============== Jason talks with Brad about the Foundry group and his new book Startup Communities. Read the full transcript 0:30 When Brad Feld talks, I shut up and listen, and I never shut up. This is going to be a great show. 3:40 Let's thank Igloo Software for sponsoring the program, save 10% by going to igloosoftware.com/thisweekin 5:00 What's the secret to the startup community in Boulder 8:15 Why didn't you retire at 30? 8:30 Was it just that you loved the game so much? 10:00 When did we meet? 11:30 Explain what it was like when one of your investments failed each month of 2001 13:00 Did you ever think of giving up? 14:30 What was your lowest point? 17:05 What is the Boulder Thesis? 17:25 What is a feeder? 21:10 Were you alone when you started in Boulder? 21:50 How many companies have you invested in? 22:55 Why do you prefer to invest in first time funds? 24:10 I want to thank eMinutes for sponsoring the program. 26:00 What is it that makes you instantly want to invest in something? 26:45 Why do you only want to be early stage investors? 30:45 What are you looking for in terms of skills, do they need to be developers, or designers? 32:25 So too many business people and not enough product people is a red flag? 36:30 Is part of your job as a VC being a therapist to? 41:30 Who do you think are the highest working VCs? 41:55 What makes Fred Wilson so special? 46:35 What do your LPs say when you make money from 13 years ago? 47:14 what do you think of Andreessen Horowitz raising the stakes? 50:30 What makes a great Angel Investor? 51:35 Explain culture versus competence. 52:30 How do you tell an entrepreneur an employee isn't a cultural fit? 53:15 What's the difference between culture and style? 59:20 What's the craziest bad behavior you've ever ever seen by a VC? 60:40 As a VC, how do you deal with another 'douchey' VC? 64:30 What is a one slide board meeting? 68:00 A VC would manipulate an entrepreneur to sell? Brad: Yes 69:00 Jason says Roelof Both of Sequoia Capital is the perfect VC 70:00 Brad: What do you want to do between now and when the lights go out? 71:00 Coaching for entrepreneurs is something TechStars has worked hard on 71:30: Brad tells how he fired someone for the first time 75:30: The weird space entrepreneurs live in/why they need mentors 76:30: Thanks Brad - everyone go buy the book, follow @bfeld, brad@feld.com, read his blog at feld.com 77:00 Thanks to our sponsors Igloo & eMinutes ============== Follow On Twitter Jason: @jason Brad: @bfeld Igloo: @igloosoftware eMinutes: @eminutes