Burnin'

Fred Wilson is a managing partner at Union Square Ventures, a venture capital firm. He writes the popular “A VC” blog (“musing of a VC in NYC”), and has invested in numerous game-changing tech companies, including Twitter, del.icio.us, Etsy, and FeedBurner.

I’ve been reading his blog off and on for years, but have never seen him speak. Thanks to The 99 Percent, part of the Behance Network, we can now hear his thoughts on the all the various ways to run your own show.

Wilson describes various types of organizations that entrepreneurs run.

• the sole proprietorship
• the partnership
• marriage partners as business partners
• the boutique
• the federation
• the project
• the tour bus
• the startup
• the breakout
• the company

I feel like my new company, Bonehook LLC, borrows freely from several of the examples above, namely the sole proprietorship, the partnership, the boutique, the federation and the project. I’m the sole owner of Bonehook, but I have a partner in AdPulp. In the creative services arena, small firms are often called boutiques, and I have no problem with that. The federation model that Wilson describes is perfectly resonant, as the work Bonehook does is totally dependent on my network of collaborators who step forward on a project basis to help solve client’s marcom problems.

I also like the examples Wilson gives for each model: Matt Drudge; Openshop Studios; DailyLit; Union Square Ventures; Allen & Co; Avatar; Hype Machine; Red Stamp; Foursquare; and Twitter.

Portland author Donald Miller has some thoughts on New Year’s resolutions.

I’ve discovered something better than resolutions. If you’ve read A Million Miles in a Thousand Years, you know I’ve reorganized my life into stories rather than goals. I don’t have any problem with goals. I like goals and still set them. But without an overarching plot, goals don’t make sense and are hard to achieve. A story gives a goal a narrative context that makes sense to the brain, making them more likely to actually be achieved.

A story involves a person that wants something and is willing to overcome conflict to get it. If you plan a story this year, instead of just simple goals, your life will be more exciting, more meaningful and more memorable. And you are much more likely to stick to your goals. For instance, rather than saying I want to finish getting into shape this year, I’ve written down that I want to climb Mt. Hood with a couple friends. I have a vision of standing on top of the mountain in May, taking pictures and all that. Now my goal has a narrative context.

Narrative context is good. One of my goals is to be a better friend this year. But that’s kind of vague, isn’t it?

My goal needs specifics if I’m going to work my plan successfully. Specifically, I need to back off this tap tap tap medium that’s become so central to our lives, and actually call my friends on the phone and then make plans to go see them!

…the cult of the individual has caused the commonwealth to wither. – Roger Cohen

Roger Cohen of The New York Times wrote a splendid op-ed on the culture of Wall Street and how the nation needs to move beyond this epoch of unchecked greed into something better, something wholesome and sustainable.

The leverage party’s over for the masters of the universe. Shed a tear. When you trade pieces of paper for other pieces of paper instead of trading them for real things, one day someone wakes up and realizes the paper’s worth nothing. And Lehman Brothers, after 158 years, has gone poof in the night.

We’re witnessing the passing of more than a venerable firm. We’re seeing the death of a culture.

Cohen taught a journalism class at Princeton recently, where he saw first hand how attractive the high paying jobs in the financial sector are to the young minds coming out of Ivy League schools.

According to the Harvard Crimson, 39 percent of work-force-bound Harvard seniors this year are heading for consulting firms and financial sector companies (or were in June). That’s down from 47 percent — almost half the job-bound class — in 2007.

These numbers mirror a skewed culture. The best and the brightest should think again. Barack Obama put the issue this way at Wesleyan University in May: beware of the “poverty of ambition” in a culture of “the big house and the nice suits.”

Cohen recommends that we read Nick Taylor’s stirring American-Made: The Enduring Legacy of the W.P.A.: When F.D.R. Put the Nation to Work. It shows how the Works Progress Administration, a linchpin of Roosevelt’s New Deal, put millions of unemployed to work on dams, airports and the like.

Maybe all the ex-paper pushers could be put to work, building things of value to the community. It seems far fetched at the time of this writing, but it might be less so in the not too distant future.

My heart is heavy today, for an old friend lost his little boy to cancer last night.

Mason’s story is a heartbreaking one. It’s also a story of immense courage, compassion, love, family, community, soccer and more.

Thanks to the generosity, eloquence and untiring bravery of Mason’s parents, we can all share in this boy’s life and his family’s struggle. There’s a lot to learn and feel.

It’s clear that Mason touched the lives of those around him and made them better. I regret that I never had the good fortune to meet him.

[UPDATE] At the suggestion of Mason’s parents, I’m helping Mason do something special for the pediatric oncology floor at Children’s Hospital by donating to: Mason Leach’s Super Star Fund, c/o Children’s National Medical Center, attn: Volunteer and Consumer Support Services, 111 Michigan Avenue NW, Washington, DC 20010.

My good friend, David Keller, a.k.a. The Deacon of Freakin’, took part in a debate at University of Utah on April 13th. The topic for the evening: “Is God Necessary for Ethics?” Three hundred people filled the room to hear the philosophical discourse, affriming the topic’s top-of-mind place in our most religious of states.

The Google video above is a clip. YouTube has the full proceedings.

New York Times reporter Ben Stein recently had the pleasure of visiting my hometown and meeting its most famous person–Warren Buffett, chief executive of Berkshire Hathaway. Buffett told Stein (who also happens to be an economist and lawyer) he’s not pleased with the current tax system in this country. But not for reasons typically associated with the wealthy.

Mr. Buffett compiled a data sheet of the men and women who work in his office. He had each of them make a fraction; the numerator was how much they paid in federal income tax and in payroll taxes for Social Security and Medicare, and the denominator was their taxable income. The people in his office were mostly secretaries and clerks, though not all.

It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all. He just pays as the Internal Revenue Code requires. “How can this be fair?” he asked of how little he pays relative to his employees. “How can this be right?”

Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare.

“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”

Many of the richest people in the nation look to Buffet for answers on how to increase their holdings. But Buffet’s philosophy by example goes far beyond mere numbers and business analysis. Maybe the rich could begin to ask deeper questions. Like how shall we best reform ourselves and the nation in the process?

My alma mater has a Flickr page.

Moo is an innovative new business focussed on an age old tradition–the sharing of personal information offline.

There are now more than a billion people online, and most of us use the internet to engage in some kind of social activity. In doing so we help generate over 4 petabytes of unique virtual content a month.

We have virtual communication like email, instant message or video. We belong to virtual communities like social networks, image sharing or interest groups. And in these communities we have created virtual identities like homepages, avatars and blogs.

But sometimes life can be a little too virtual.

MOO dreams up new tools that help people turn their virtual content into beautiful print products.

For instance, Flickr users can print MiniCards. MiniCards are ideal for sharing the details of your Flickr photostream, along with email, instant messager, and cellphone info on a high quality card featuring the photos of your choice. A pack of 100 only costs $19.99 plus shipping.

Kottke is pointing to a Legal Affairs article on yellow pads, objects many find useful even in a modern world dominated by screens and gadgets.

Once used only by law students and lawyers, the yellow legal pad is now employed to a degree unrivaled in stationery. “End career as a fighter,” President Richard Nixon wrote on a legal pad in August 1974. Five days later, on the top of another one, he scratched, “Resignation Speech.” Jeff Tweedy, front man for the rock band Wilco, writes his songs on a legal pad. Jim Harrison, the laureate of the untamed heart, wrote Legends of the Fall on legal pads; Elmore Leonard writes his crime novels on them.

In 1888, Thomas W. Holley, a 24-year-old paper mill worker in Holyoke, Mass. had an idea for how to use the paper scraps, known as sortings, discarded by mills. Sortings were anything trimmed away as scrap or considered of lesser quality than the writing paper eventually packaged and sold. Holley’s notion was to bind the scraps into pads that could be sold at a cut rate. Convinced he had a winning idea, he founded his own company–AMPAD–to collect the sortings from local mills (Holyoke was then the papermaking capital of the world) and began churning out bargain-price pads.

Philip Moustakis, a mid-level associate at the New York firm of Curtis, Mallet-Prevost, Colt & Mosle, uses one legal pad per case, and prefers yellow over white pads and a faint, as opposed to a dark, rule. “The darker lines intrude upon my thinking–they’re yelling back at you,” he explained. “You want a more subtle line.”

The yellow-to-white sales ratio can be as high as 2 to 1. Some consumers feel white pads emit too much glare.

David Choquehuanca is Bolivia’s Foreign Minister. He is also an Aymara Indian, like Bolivia’s President, Evo Morales.

In yesterday’s paper, The Wall Street Journal examined the movements underfoot in Bolivia today.

Many Aymara intellectuals say they want to re-create in the 21st century the values of the communal Eden they believe existed before the conquest, a place without poverty or oppression.

I think the word “intellectuals” is wrong in this context. These people have a knowledge not learned in books.

Mr. Choquehuanca says he doesn’t turn to Western books for advice–indeed, he boasts of not having read a book of any kind in years because he doesn’t want to cloud his mind with European concepts. “We have been in the hands of people who have read books, and look what a mess the Earth is in,” he says. Far better to tap into the knowledge of Aymara elders. “When I say we have to read the wrinkles in our grandfathers’ brows, it’s to recover the wisdom that our grandfather’s still have,” he says.

Speaking to Indian Country Today last January, Choquehuanca further elaborates Bolivia’s indigenous ethic.

For 500 years we had ceased existing; we no longer were. We want to exist, to be, again. For 500 years we have lived in darkness, we have put up with exclusion, we have put up with humiliation, our natural resources have been plundered and we have just stood there watching. So after these 500 years, we said enough: We are human beings, we have rights, we have our territory, we have a culture, we have begun once again to value ourselves.

This is inspiring stuff for humanists to contemplate. Europeans have long thought they won in the Americas. But Europeans have not the patience of Indian people. Indians are still fighting, not with weapons, with better ideas and more generous spirits.

From We-Make-Money-Not-Art:

A man has been banned from hunting for 20 years after shooting a robotic moose.

Robert Lee McLaren is the first person in Nova Scotia to be found guilty of the crime after shooting Bullwinkle, a full-sized moose decoy used by the Natural Resources Department to help combat the poaching of mainland moose. The animals became an endangered species in 2003.

Eight Guysborough County residents also charged with shooting the decoy will go to court later this spring.

Barry Ritholtz–Chief Market Strategist for an institutional research firm, and the Fund Manager for RCP, a NY based hedge fund–posted about our pending economic crisis on his blog.

Over the next 20 months, more than two trillion dollars worth of adjustable rate mortgages will reset at higher interest rates.

Now, I don’t want to be accused of being a perma-bear or anything like that, but I am having a hard time trying to figure out exactly how anyone can spin this into a positive: Dark matter? Credit Surplus? Real Estate Boom?

I’m at a loss for words spin.

One title insurer ran the numbers, and they project that of the adjustable rate mortgages written over the past 2 years, as many as 1 in 8 (12.5%) will end up in default.

I rent my home. But I faced this same predicament with my vehicle. I leased it in 1999 so I could afford the payments. After five years the lease ended and I opted to finance the remaining $15K. So, I’m buying the car twice. After years of suffering from financial stupidity, I finally learned the hard way. If you can’t afford the payments, buy something cheaper.

KUTV in Salt Lake City reports that members of the Latter Day Saints church weigh more than non-LDS Utahns.

The study found that members of The Church of Jesus Christ of Latter-day Saints were 14 percent more likely than nonmembers to be obese. That was 18 percent for men, and 9 percent for women.

The study was made by BYU health science professor Ray Merrill from data obtained in 1996, 2001 and 2003-2004 by the Utah Health Status Survey.

Merrill’s study suggests Mormons may be using excessive eating as a substitute for prohibited indulgences such as smoking and drinking.

I refute the learned man’s theory. The real reason Mormons weigh more is tied to their well-documented obsession with Jell-O, particularly of the lime variety. In fact, some have even called Utah the Jell-O Belt.