Jan 30

Bay Area Ventures

Palm Trees in Palo Alto

Wednesday I left early in the morning from Flint’s airport, to a layover in Minneapolis, on my way to San Francisco airport.  Travel went off without a hitch.  When I arrived to SFO I took the Bart & Caltrain to Palo Alto.  Straight from the Caltrain station I walked to grab lunch with a fellow venturer at Sprout Cafe.  After lunch I checked into my Airbnb reservation on Forest Ave.  I was kindly welcomed, put my stuff away, & went for a run to Stanford’s campus.  There’s nothing like running through a tunnel of palm trees to the smell of eucalyptus.  After my run I cleaned up & went to dinner with a longtime friend Kevin at Osteria Toscana.

I was in bed by 8:00 pm PCT.  Lovely.

Early the next morning I met Marc & Kevin for breakfast at Il Fornio.  This was the first time introducing the two of them, and it went well.  Afterwards Marc & I went for a meeting with Glyde.  When Marc left for another board meeting, I stuck around to work with Glyde.  We went up to Berkeley that afternoon to see some of our marketing efforts in action.  We enjoyed dinner at Cafe La Med & ice cream from Ici Ice Cream for dessert.

Cranberry Lime at Ici

On the way back to Palo Alto we stopped at Treasure Island and saw magnificent views of the city.  Though it was a late night, Friday morning I ran to a 7:00 am vinyasa yoga class at YogaSource downtown Palo Alto.  It was just what I needed.  After yoga I grabbed breakfast across the street at LYFE Kitchen.  I got their mushroom & basil frittata.  It really hit the spot!  I packed up my things & checked out of my Airbnb, walked to Glyde, & spent the day there working on more marketing activities.

For lunch I went to Pluto’s with a Glyde team member. In the late afternoon I met up with a fellow entrepreneur at Cafe Venetia.  He shared great wisdom & advice.  One piece of wisdom: “partnerships with startups are dead ends”.  He also shared with me the story of Ninfa Lorenzo.  What an incredible story!

That evening a friend picked me up at Glyde & we drove to the city to grab a bite to eat.  With another friend we ended up dining at Local: Mission.  My vote: 2 stars.  Bottom line: Slow service, nothing special about the food, & not priced to match the food & service.

The next morning my friend & went for a run from SOMA along the water to the Ferry Building area & back to SOMA.  Then we bused to Swan Oyster Depot where we were welcomed by an incredibly long line.  Considering we were really hungry, we decided to defer Swan Oyster & find something with a bit less wait associated with it.  We stumbled upon Olea.  Best unexpected brunch choice ever!  We were welcomed right in (we arrived about 15 minutes before they closed), seated at a community table, ordered, & received our food within 15 minutes.  Olea uses local, organic ingredients & the combinations were delicious!  I ordered an omelette with butternut squash & crushed pumpkin seeds.  My friend ordered clams with chorizo (listed on San Fran’s list of 100 things to try in the city).

View from the run

On the way to the TOP

After brunch we walked toward North Beach where we got gelato at Gelateria Naia and hopped in a few other stores.  On the way, we went up to the Top of the Mark & checked out the Cable Car Museum.  We stopped in Brioche & walked by Golden Gate Cafe.  There was a super long line to get into GGC, so we continued on our journey to the Ferry Building.  When we made it to the Ferry Building we decided to grab tea at Imperial Tea Court.  I got Oolong & she got Chrysanthemum.  We shared ginger almonds, which came in the shell. All pretty good & hit the spot after the gelato sugar rush & walking.

That night for dinner I went to State Bird Provisions with 2 friends & 3 new friends. It was a cool atmosphere & style of serving food (dim sum!)  The dishes I remember trying are:

  • Anchovie with golden beat, chicory, pumpkin seeds
  • Trout with brown butter, hazelnuts, & tatsoi
  • Roasted carrots, fennel, & greens with a tasty carrot/lemon juice over
  • Curried lentils
  • Grilled greens (I’m not sure of the exact greens) with dates & almonds

Anchovie with golden beet, chicory, & pumpkin seeds at State Bird Provisions

Other dishes recommended: World Peace (aka peanut milk), friend quail, pasta with crab.

Gelato from Gelateria Naia: Prickly Pear & Ginger Pear; Nocciola & Nutella

On my cab ride back I learned that the cab driver makes more money than I do in a year.  Interesting.

The next morning my friend & I jogged to brunch through the industrial part of SOMA.  We got brunch at Mission Beach Cafe.  We both enjoyed Dungeness Crab Benedict, 2 poached eggs over bay shrimp & crab, with roasted yukon gold potatoes.  Very tasty, unique, & Californian!  On our walk back to her apartment we stopped at the Rainbow Grocery Cooperative & I got some snacks for the plane ride back to Michigan & an avocado.

Before leaving I started making travel arrangements for my next trip to the Bay Area.  It made it easier to leave.  I was fortunate to grab a cab right away without needing to use Uber (saving $25).  Though the cab driver repeatedly explained to me why he prefers getting paid in cash, it was a quick ride (which was good since I got a bit of a later departure to the airport than I originally planned).  Fortunately there was no line at security, but the security people insisted on checking my backpack.  I am such a dangerous character.  Must’ve been the avocado in my bag.

Thanks Bay Area for some fun adventures.  See you in a couple weeks.

Venture on,

MEL aka Venture Gal

Dec 12

Oh how I love the city by the Bay

On November 29 I ventured to San Francisco for 5 days. My time was great combination of work, fun, spending time with people I care about, eating great food, & exploring the city.

Tuesday I left Michigan for a brief layover in Las Vegas (my first time in Vegas & enough time to play my first slot machine). I arrived in San Fran after 9 pm Cali time & by the time I went to bed I had been awake for 23 hours straight!

I put $1 in the Red, White, & Blue slot machine at the Las Vegas Airport

I didn't win. Boo!

Wednesday morning I walked to the office of one of our portfolio companies, Giftly. It was a beautiful walk & a great way to start the day. Sunny, crisp air, & lots of activity downtown. Giftly’s offices are a great example of a fun & open workplace. Lots of windows. Open tables. A large conference room. Dogs. & Giftly spirit. Marc (RPM Partner) & I met with Giftly CEO Timothy Bentley, & we also got a chance to meet some of the Giftly team – Dan, Mills, Nish.

After meeting with Giftly Marc & I drove down to Redwood City for an Xtime board meeting. Going from meeting with Giftly, a company at a very early stage, to meeting with Xtime, a company that is at a much different stage, was really interesting. It was quite a contrast in looking at what the key areas of focus are, where time is being spent, & what the needs & concerns of the businesses are. The board meeting went long, a result of great discussion & lots to talk about. It was dark when we left to return to San Francisco, & I had planned to go explore the city that evening, but ended up falling asleep at my hotel as soon as my head hit the bed. The results of a long & full day!

Thursday morning I went for a run around the city. I stayed in the Chancellor Hotel on Powell Street in Union Square & for my run I decided to go to Lombard & make a big loop. That put me going straight uphill for the first part of my run. Great workout – definitely challenging!

Union Square!

After my morning run I got ready & headed out to walk to my first meeting of the day…a early stage company located on Townsend Street. It was between a 1 & 1.5 mile walk. I stopped at Bio (aka Crepe o Chocolat) on O’Farrell Street to pick up a morning snack. I got some soup (so I could drink it as I walked) & some chocolate. They had a lot of sweets to choose from, as well as juices & tea. I was not impressed by the service. In fact, it almost drove me away to stop by Starbucks or another cafe instead. *Note: I am a customer service snob.* I was in a hurry though, so I grabbed my food & was on my way. I enjoyed walking & seeing the city by foot. On my way I saw a billboard for Huddle.  Billboards for tech companies…a sign of the times.  The meeting went well – another example of an early stage company with a cool office vibe. Less open environment, like Giftly, but the team was friendly & there was a lot of windows. No dogs, that I saw.

After that meeting I took a cab to a board meeting near the Embarcadero. The cab driver that took me from point A to B was the first cab driver I have ever met that actually knew about venture capital. Only in San Francisco.

The board meeting for Mirror.me went well. I enjoy working with this company because it’s early & there’s still a lot to figure out. Lots of creation & lots of opportunity for my involvement. If you haven’t figured it out already, working with the portfolio is one of my favorite things about working at RPM.

After the board meeting, Tony (RPM Partner) & I headed to visit with a friend & entrepreneur at his office. Marc met us there, so it was like we were meeting back in Ann Arbor…except in San Francisco in a beautiful office with glass tables, lots of windows, well decorated, & great location. Drool. It was so great to catch up, meet the folks there, & then visit more across the street at Rickhouse.

That evening I went to dinner with two friends at Anchor & Hope on Minna Street. I honestly don’t remember what exactly I got to eat…I know I had a salad first & then a nice filet of fish served over sautéed brussel sprouts. Tasty!

Friday morning I went for a longer run through the city. It was one of those great mind-clearing, thinking type runs that I didn’t even listen to music during the run. I soaked up the San Francisco sun, thought about life, & breathed heavily going up hills! After my run I checked out of my hotel & headed to meet a friend for lunch. We went to Paladar, a Cuban restaurant on Kearny St. So tasty! My friend & I shared Mariquitas & Mojo (house made plantain chips with garlic dipping sauce). I got a Five Green Salad & Yuca Al Mojo (yuca with garlic, lime, & olive oil). My friend got Ensalada de Camarones (shrimp salad sandwich). After lunch I walked around a little bit & then parked at Starbucks for the afternoon to get some work done. I find that I am more productive working in coffee shops than I am in an office. Not sure why.

That evening I met a friend & fellow University of Michigan alum at Nook for Happy Hour, followed by an improv show at Un-scripted on Sutter St. We saw “A Tale of Two Genres”, a play on Charles Dickens’ “A Tale of Two Cities” & the genre they did it in was the movie “Cocoon” (a movie my friend & I have not seen). It was pretty good. Long-form. I prefer short-form (think SNL skits). Still a great time & great visiting with my friend!

Saturday morning I made my way to the Ferry Building (I walked from Hyde Street, so about 1.5 to 2 miles, with my suitcase & backpack. It was a trek, but such a great walk through Chinatown & the Financial District. Chinatown was pretty cool in the morning…so much activity! A huge contrast from the dead Financial District. Right before getting to the Ferry Building I encountered the Occupy San Francisco there. Huge! Biggest one I’ve seen yet.

The Farmer’s Market was happening at the Ferry Building. Incredible! So much fresh produce, locally made products, & unique California treats from walnuts to persimmons. I got an apple, some plums, some persimmons, a pomelo (looks like a big grapefruit), some dried fruit & California walnuts, & other treats. and of course I sampled all sorts of tasty treats!

I met a friend & fellow UofM alum & we explored the market & Ferry Building shops. Blue Bottle Coffee had long lines the entire morning! We grabbed lunch at Ferry Plaza Seafood. We split a dungeness crab (we asked for a small one, but check out the size of that sucker!) & a steamed artichoke (one of my must have’s when I go to California). The crab was so fresh – it came straight from the boat & didn’t even make it to a tank before our table.

Then I made my way to my second lunch at The Slanted Door  with some friends. Still full from my first lunch I got a Grapefruit & Jicama salad with candied pecans. Pretty good. Fancy place. Glad I experienced it though.

The rest of the day I explored with a friend the Ferry Building & the Mission area. In the Mission we went to Bi-Rite Creamery, where I got chocolate coconut dairy-free ice cream & a strawberry pineapple popsicle. We also went to Tartine where I picked up some treats for my friends/hosts that night.

That night I went to dinner with some other friends at A16 on Chestnut St. in the Marina. Very tasty Italian food, but most importantly it was a great time visiting with friends!

Post-dinner I made my way to my friend’s apartment & we visited for awhile before going to bed. I called up an Uber in the morning & headed to the airport for a long day of travel. I was impressed with Uber.  The cab promptly arrived & the service was great.  And it was so convenient to pay via credit card before getting in the cab.  The morning was beautiful making it even more challenging to leave “The Golden State”

Thanks to my friends & RPM for making my time in the Bay Area great!

I found a penny today (heads up), so if it is lucky maybe I will be in California again soon!

Venture on,

MEL aka Venture Gal

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May 03

The Ten Commandments for Startup CEOs

Want to keep your role as CEO in a venture-backed company?  For a start, follow these ten commandments:

  1. Thou shall openly communicate with the company team and investors.
  2. Thou shall keep one’s clothes on at a board meetings and any company function for that matter.
  3. Thou shall not surprise board members at meetings.
  4. Thou shall not spend investment funds on fancy European cars or espresso makers.
  5. Thou shall not aspire to run the company as a lifestyle business.
  6. Thou shall keep the cap table clean.
  7. Thou shall not sleep with interns.
  8. Thou shall return calls of and take meetings with potential partners, acquirers, investors, and rock star potential hires.
  9. Though shall execute.
  10. Thou shall track metrics and share with analysts and associates at venture capital firms =)

Follow these commandments and at least be doing (or not doing) things that can make or break a startup CEO!

Any to add to the list?

MEL aka Venture Gal

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Feb 21

Show Me the Data!

Over the past 6 months working at a venture capital firm, I have developed a pet peeve – not having readily access to data for our portfolio companies.  This is especially coming through the woodwork as we put together our end of year financials, report, valuations, and a host of other things that we need portfolio company data for.

So note to others and note to myself – include relevant information (financial information, headcount, burn rate, cash on hand, and other key metrics specific to your company) in board decks and updates to your investors and your team.  It will be a help to the VC (well the VC Analyst at least =) and it will free up some of their time tracking down this information so that they can help you!

MEL aka VentureGal

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