Active Network (active.com), $1B and above, Source: http://www.bloomberg.com/news/2013-09-30/active-network-to-be-taken-private-by-vista-for-1-05-billion.html
Competitor Group, $50M to $300M, Source: http://www.sportsbusinessdaily.com/Daily/Issues/2012/11/30/Finance/Competitor.aspx
Triathlete Magazine, $1M to $50M, Source: http://www.slowtwitch.com/News/Triathlete_Magazine_slated_to_be_sold_in_blockbuster_private_equity_deal_158.html
The College Connection (Rail Connection), $1M to $50M, Source: http://www.studentadvantage.com/static/releases/pr072899.shtml
Active Network, ACTV, Source: http://exchanges.nyx.com/new-york-stock-exchange/active-network-completes-ipo-new-york-stock-exchange
|2001 University of San Diego , MBA|
|University of California, San Diego|
|1990 Saint Lawrence Univeristy , BA|
|2014 Stanford University Technology Ventures & Entrepreneurship|
I want to change the world.
BUMP.com, Groupon, Airbnb, Vator.tv, Adapar
Frustrating: finding great talent
Rewarding: finding great talent
Giving up control.
If you model your business career after the sport of triathlon, there really are four critical things you should think about. The first is preparation - in a business situation you need to be able to pull a file, work with information, and know how to use the data. Getting organized in life is worth a solid 10% gain in what you can achieve.
The second is transitions - you need to know when to make the transition from something that didn't work and wasn't generating revenue to creating something that does. Too many times people throw good money after bad, or chase losses with time and resources.
The third is training and learning - You have to stay on the cutting edge of technology, in sport and in business. With the knowledge base for almost anything becoming deeper and more universally available, staying on the cutting edge becomes more important.
Number four is networking - You become like the people you surround yourself with. We need to align ourselves with people who have sought success, made mistakes along the way and learned from them. Hang out with triathletes who know how to set goals and achieve them, and voila! You will too.
Align what you love with your work. That makes a dynamic difference. A successful career comes from a mindset where you don't want work to be something you have to do. You want work to be something you want to do because it's your passion. It’s your life; it’s your career. Just as Henry David Thoreau wrote, many people live lives of quiet desperation and don’t know what to do about it. I lecture at the University of San Diego, Stanford University and UCLA and I often encounter students and recent graduates who say, "Hey, I'm bored working in a cubicle."
I'll then ask them how many people work in their organization. And they'll say, "Oh, there's about 200." And I'll say, "How many do you know?" And they'll say, "Three." And so, my challenge to them is this: “Have a breakfast, a lunch, or a coffee five days a week minimum with someone new. Even if you just meet one different person in that organization every day – you can cycle through the lessons and the lifestyles and the connectivity with the 200 or 300 people that work there in a year.”
The value in a business isn't typically putting something in an envelope and mailing it to someone so they pay you something for it. The diamonds we all seek are buried in the relationships we build. Too many people go to work and simply do whatever they're told. As opposed to going to work to build connections with people that they're going to end up spending 30 percent of their day with. Interacting with others and learning the life intelligence they have garnered over the years is essential for success.