Showing posts with label history. Show all posts
Showing posts with label history. Show all posts

Thursday, February 15, 2007

How Companies Really Get Founded: The Birth of Tenuki

John and I officially founded Tenuki on Dec.1 but I never thought to mention it until today. It's a bit anti-climatic, founding day. The real story is how we got there.

John and I had thrown around the idea of starting a company since hanging out together at a friend's wedding in Mexico. I was at the end of a yearlong trip around the world, so I had about 100 bucks to my name. I was too cheap to get a hotel room at the five-star resort the wedding was at, so John let me sleep on the couch in his room. We really haven't spoken since high school so it was a really nice thing for him to do for me.

We pretty much spent the whole weekend talking about tech stuff, predictions, what sucked, what rocked. And music. And girls. We bonded. By the end, of the weekend, I was positive that I wanted to start a company with him.

At the time, he was happy with engineering gig at a games company, and I was flat broke, so nothing really happened. I went back to DC, and eventually got a job as an IT manager at a startup. About a year later, I had saved about 40 grand and was pounding my brain for a good idea for a company. It was October and I had already told my boss that I was going to leave on Nov. 1 to go start my own company. Then, out of the blue, John calls, we hadn't spoken in a year, and tells me that he's ready to start a company.

Things really do happen like that.

It took about a month to extricate myself from my job. I ended up doing contract work for my old company until the end of November. I flew out to San Francisco the last day of November and we founded the company the next day, December 1.

UPDATE: David Beisel from Masthead Ventures just posted about how he uses the founding story to evaluate entrepreneurs. So for all you curious VCs out there, I'd be happy to provide the sexy details I left out, like the big idea behind Tenuki, for instance. But only if you buy the coffee.

Thursday, January 25, 2007

Sacrificing to the Startup Gods

Well, kids, being an entrepreneur isn’t easy. I just made my first sacrifice to the startup gods.

I’ve read a lot of books on entrepreneurship. They all talk about the personal cost of starting your own company. Most of the stuff they talk about, giving up a career, neglecting your kids, losing your life savings, don’t matter much to me. I hated my career. I don’t have kids. And since I don’t like spending money on meaningless objects, I can earn back my savings pretty quickly. I only had one vector for the startup gods to attack: my relationship with my girlfriend.

I moved to San Francisco on Dec.1 to start Tenuki with John. My girlfriend remained in DC to finish school; she has another year and a half, so it wasn’t like she was headed out here any time soon. We have been together over three years and were on the marriage path. We never fight and we’re always happy. It’s an amazing thing.

She broke up with me this morning. She couldn’t handle the long distance thing. I felt it coming. I knew it might happen when I left. But I didn’t think it would.

It did. So if any VC asks me if I have skin in the game, well, I sacrificed the woman I was going to marry on the altar of the startup gods. I hope that’s enough.

Root for me, kids. I really need this.