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| About Brad Feld |
| Brad Feld is currently a Managing Director at Mobius Venture Capital and has been with the firm since 1996. Prior to Mobius, Brad founded Feld Technologies, which was sold to AmeriData Technologies in 1993, where he became Chief Technology Officer. Brad currently serves on the boards of a number of private companies, including Atreus, Comergent, ePartners, FeedBurner, Gold Systems, Judy's Book, Klocwork, NewsGator, Quova, Rally Software, and StillSecure. In addition, he is on the board of The National Center for Women & Information Technology, The Community Foundation Serving Boulder County, and The Colorado Conservation Trust. Brad has previously been a member of the board of directors of the Young Entrepreneurs Organization and founded the Boston and Colorado chapters. He holds Bachelor of Science and Master of Science degrees in Management Science from the Massachusetts Institute of Technology. |
Recent Article:
Do I Practice What I Preach?
- For more on Brad Feld visit www.feld.com
At dinner I was pondering the answer I gave on the post How An Entrepreneur Can Protect Himself Post-Funding. Something was bothering me about it and I thought to myself “do I practice what I preach?” (Amy suggested that I should be bothered by my title of the post, which should have been “… Can Protect Himself or Herself …”)
My first reaction was that I had never had an employment agreement with any company that I’ve worked for. As I thought about it a little harder, I realized that I’ve had a few employment agreements, but they never gave me much protection – in each case they protected the company I was working for more than they protected me. In addition, these agreements were either tied to a non-compete associated with an acquisition or as part of my role in a public company.
In the one case where I could have enforced the employment agreement, I simply ignored it and told the person I was working for to do whatever he thought was fair (he did, and it was.) In another case, I voluntarily gave up the consideration I was getting when the company I was involved was struggling financially. Neither of these were cases of “altruism” – rather, I simply did what I thought was the right thing at the time.
There is a difference between an employment agreement associated with an entrepreneur in an early stage company and one associated with senior management post an acquisition (almost always when a non-compete is involved.) My comments in How An Entrepreneur Can Protect Himself Post-Funding pertain to an entrepreneur in an early stage company; Jason and I covered some thoughts about the acquisition situation it our Letter of Intent series under the topic Employee Matters.
My conclusion – after chewing on this more – is that I’m comfortable with my answer in the context of an early stage company. And - yes – I think I practice what I preach – most of the time.
Read this article in Brad's blog.
Do I Practice What I Preach - To learn more about this author, visit Brad Feld's Website.
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