Israel

In the wake of Hamas’ gruesome slaughter, the banality of evil lurks in one simple word — “but”

In the wake of Hamas’ gruesome slaughter, the banality of evil lurks in one simple word — “but”

I’ve been writing a lot this year but have been neglecting my own blog here on Lucky7. Most of my writing has been at the data.world blog and on my Medium account. I’ve been primarily writing about AI as 2023 will no doubt go down as the year AI went mainstream, and for good reason (the productivity lift is now completely obvious). data.world couldn’t be better positioned for it either, and I can’t quite describe how exciting that has been as our CEO and Co-founder.

Today I turn my attention towards my post popular post of the year, which is on a sad subject. As a Jew, 10/7 was extremely disturbing to me. For humanitarians everywhere, it should have been as well. But then following 10/7 we saw something I haven’t seen in my lifetime. I wrote the following essay on it and published it initially on Medium on 11/7, the one-month anniversary of the horror of 10/7. And then on 11/9, the inverse of 9/11, I published a shorter form of it for the more time-constrained or younger reader. I’ve chosen to only include the full essay below.

But, first, let me say what was on my mind yesterday during Thanksgiving. There have been only leaders that have come forth since I published with extraordinarily clear moral convinction and no use of the word “but”. So, yesterday, I was thinking of the gratitude I have for Mayor Eric Adams of NYC, Congressman Ritchie Torres of the Bronx, and Einat Wilf, who used to serve in the Knesset in Israel and also as as a Foreign Policy Advisor to Vice Prime Minister Shimon Peres. Here are three speeches from them that you should really watch to feel that same gratitude that I have for them:

2022 New Year’s Eve Letter

Dear family and friends,

As we have in prior years, we are sending this end-of-year letter instead of mailing holiday cards.  Instead, we’ve made a large donation in your honor to the Anti-Defamation League (unfortunately antisemitism continues to be on the rise).  If you haven’t read my newest friend Noa Tishby’s book on Israel, it is a real treasure.  It isn’t just about Israel (although that would be enough given its title and importance), it is also about Western values and the value of democracy itself.

2022 was an incredible year in so many ways but it was also a rollercoaster (if you let it be).  From a market that was at a peak at the end of 2021 to rising inflation, a rising Fed funds rate to try to combat it, the shocking Russian attack of Ukraine, but also with many truly amazing technological breakthroughs, including at data.world, and beautiful moments of humanity (including Ukraine’s improbably successful resistance) - wow, what a year it was!

What I learned from my top three Lucky7 posts in 2013 … and my biggest busts

December 5th marked my first year of blogging personally (I had previously been a corporate blogger for 7 years at Bazaarvoice). I began blogging primarily as a service to entrepreneurs - a form of giving back to the community that I believe is the greatest force for change. I named my blog Lucky7 as a tribute to my amazing mother, who passed away last year. My first Lucky7 post on December 5, 2012 was a revisit of my manifesto to Bootstrap Austin on March 15, 2005. Looking back, it was clear I deeply cared about the development of our entrepreneurial community in Austin. That caring - and passion - drove a year of many highs in 2013. I've been actively investing in startups since December of last year with my wife, Debra, and I formally chose this as a career a few months ago, forming Hurt Family Investments. We've made 14 startup investments so far, 9 of them Software-as-a-Service (SaaS) companies. I've also joined the Advisory Board of 6 additional companies, all of them SaaS. Out of the 20 startups we are involved in, 16 are headquartered in Austin.

My keynote to the U.T. Austin McCombs MBA class at their Orientation

Last Monday, I had the honor of keynoting the Texas MBA Class of 2015 Orientation. This is the McCombs School of Business at the University of Texas at Austin's largest class to date - I believe around 270 students. Around 80 spouses were also present. Tina Mabley, Assistant Dean of the Full-time MBA Program, introduced me. She introduced me as the Vice Chairman and Co-founder of Bazaarvoice and also as the incoming Entrepreneur-in-Residence at McCombs, a position I'm glad to begin in September. My grandfather, James Mann Hurt, taught at U.T. Austin for his entire career and I'm proud to follow in his footsteps. I promised the students I would post my speech, complete with links, and that is what follows here:

Coffee with Melissa Lombard and her five-year project - an interview

I recently had the pleasure of meeting Melissa Lombard at Gary Hoover's open house for the iSchool (U.T. Austin's Information School, a top-ranked program for it's kind in the nation). Gary is one of my favorite people in Austin, and he is generously serving as Entrepreneur-in-Residence for the iSchool after doing so a few years ago for McCombs (U.T. Austin's Business School). He invited "friends of Gary" to attend and Melissa was there with her husband. Melissa told me about her 5-year project to have coffee with 260 strangers and live this mantra:

It is all about the journey, so take (many) photos along the way

It is all about the journey, so take (many) photos along the way

If you want to build a strong company culture, then you should care about your company close to as much as you care about your family. That was my goal at Bazaarvoice as our CEO (you can read my 7 lessons learned on the journey from founder to CEO), and I deeply thought about how our family showed that we care about each other. One thing we are particularly good at, especially my wife, Debra, is taking photos while we are on vacation. We want to document the very important time we spend together, and we know that our children will only be this age once. This, of course, is the natural thing for most families to do, especially with young kids (as their appearance changes so much from year to year).

How to leverage advisors and investors as your extended team

As an entrepreneur, I fostered an unusual communication practice with our investors and advisors. I treated them as I would have wanted to be treated if I were in their shoes. This is the Golden Rule in action.

You need to have empathy for those that you raise money from. They aren't the "man in the arena" (one of my favorite quotes from Theodore Roosevelt), but they can be very supportive - should you choose to treat them as part of your extended team. They are putting their money (if they are angel investors) - or their investors' money (as is the case for venture capitalists) - into your venture and you should treat that capital as if it were your own. And if it were your own capital ask yourself, "What kind of updates would I want?" My guess is you would want to always know how the business is doing and how you could help the business - and therefore help your investment. Part of the thrill of investing is to see the entrepreneur succeed - both changing their life and many other people's lives in the process. Investors enjoy telling their friends - other investors and family - about the success of your business. The journey is more important than any return they get (although to be clear they don't want to lose either their money or their investors' money). The more they help you, the more they live vicariously through you - and their fingerprints are all over your business. This is called a "helper's high" by my good friend and CEO coach, Kirk Dando (you can read more about Kirk and the value of CEO coaches in my Lucky7 post about the 7 lessons learned on the journey from founder to CEO).