Give First

For 20 years, Elizabeth Kraus was busy being an entrepreneur. So busy and stressed, she wasn’t eating well, had wild energy swings and barely slept despite training for, and tackling long-distance triathlons. A host of other medical challenges led to a thyroid and hormone imbalance diagnosis and medication which she said, “put a band aid solution on all these health issues.” Until the band aid ripped off. “It was the perfect storm of disaster,” said Kraus, the chief investment officer for MergeLane Venture Capital Fund. “My body completely shut down in 2023.”Listen as Kraus and David Cohen, longtime friends with frequent career intersections, discuss the breakdown, the warning signs and how she clawed her way back to, almost, normalcy. Kraus recently announced after eight years and investments in 54 female-led companies, MergeLane has made their final investment. Kraus plans to write a book and start a podcast. “I think lots of people who are earlier in their career just think, well, I'll deal with the health stuff later because I'm young. What could really go wrong?”A lot, as it turns out. Tune in for more. Follow David Cohen on Twitter @davidcohen

Charles Conn is a builder, a creator and an environmentalist. He’s managed to wed those three passions together by investing in the biotech space as the co-founder of Monograph Capital. “The most consistent thing you can do is work in this biology space because when humans have health security, they tend to look after the planet,” said Conn who has also been a member of the Patagonia board for 15 years, and chair for the last few. Patagonia recently transferred all its shares to The Patagonia Purpose Trust to fight climate change and species eradication.  “That was an amazing journey and one that was also quite challenging,” said Conn.  Conn recently released his second book, The Imperfectionist: Strategic Mindsets for Uncertain Times, a sister book to Bulletproof Problem Solving: The One Skill That Changes Everything. Listen in as Conn and Cohen discuss the idea that curiosity needs to be the founding point of strategy, and dynamic problem solving needs to be the key framework or mental model for developing strategy. “To creatively solve problems is maybe at the very heart of what it is to be a human,” said Conn.  Follow David Cohen on Twitter @davidcohen Listen & subscribe to the Give First podcast on Apple Podcasts, Spotify, and more.

Sean Grundy, co-founder and CEO of Bevi, wouldn’t budge despite calls from, ironically, David Cohen, the GiveFirst podcast host. Cohen wanted Bevi smart water coolers in more places than just Boston. Grundy wanted to prioritize quality control and customer retention. “We wanted our mechanical engineers and electrical engineers close by so they could personally put their eyes on any errors, see what was going wrong and fix it,” said Grundy. That was back in 2014 just after participating in Techstars Boston. Grundy’s phased approach ethos worked then and still works today. In fact, Bevi not only survived the pandemic but recently raised $70 million in a series D funding round. “The pandemic was brutal,” said Sean Grundy. “It felt like running into a wall.”Listen in as Grundy and Cohen discuss taking a compassionate approach to crisis leadership, gradual recovery and redefining success … all with only a few liquid-related puns. Follow David Cohen on Twitter @davidcohenListen & subscribe to the Give First podcast on Apple Podcasts, Spotify, and more.

Described as the foremost expert on how to build startup communities, Chris Heivly has written “Build the Fort: The Startup Community Builder's Field Guide.” Listen in as Chris and David talk about what Heivly discovered while writing and practical steps to take for anyone who wants to launch a startup community.From building a pipeline of founders to feeding that funnel continuously and storytelling, Heivly reminds listeners the first step is culture. “Connections are the lifeblood of a healthy community” said Heivly. “If the founders don’t have access to the frictionless network that exists to help them do something, they are going to go elsewhere.” The longtime colleagues also regale listeners with a few stories from their days raising money and starting businesses, including one incident that involved Heivly nursing a recent (and bloody) run in with a hockey puck. Buy the book now: AmazonFollow David Cohen on Twitter @davidcohenFollow Chris Heivly on Twitter @chrisheivlyListen & subscribe to the Give First podcast on Apple Podcasts, Spotify, and more.

Though many might shy away from working with their spouse, MeatoDoor Founders Ambreen Khan and Rashid Ahmed wouldn’t have it any other way. “We don't see that as a challenge in terms of running the company. We are both totally different individuals; we bring different skills to the table,” says Ambreen, who is also CEO of MeatoDoor. “In fact, we both complement each other so much that almost 60% of the skillset that is crucial for an early-stage company to have growth, we actually satisfy the needs.”Listen as Ambreen and Rashid describe how they blend their lives and their startup work, and why this Riyadh Techstars Accelerator startup is not a family business. Also, don’t miss David and MeatoDoor CFO Rashid talking about building a startup in the UAE, and expanding the business and the startup community to Saudi Arabia and Egypt. Be advised, our non-meat-eating listeners: We also will be discussing sourcing and selling animal meat as it relates to supply chain challenges in the Middle East and the world. Follow David Cohen on Twitter @davidcohenListen & subscribe to the Give First podcast on Apple Podcasts, Spotify, and more.

As an entrepreneur, Jay Clouse loves to create. After spending time in the product world as both a founder and an employee of another company, he stumbled into the world of content creation, where he could build products on his own timeline. The Creative Science Founder has the #givefirst mentality, providing many free resources through several platforms for founders and creators, including his podcast Creative Elements.“The model in a nutshell is giving first for as long as you can, never stop giving, and then some people will choose to give back to you because of that,” Jay says.Listen as Jay shares how building your personal brand is valuable to success: “This level of influence that you can have as an individual … can be huge no matter what you're trying to do, whether you want to funnel that toward your own products, whether you want to funnel that toward your startup or your fund, it can be totally game-changing.”Also, don’t miss David and Jay talking about the importance of sharing information in different ways, becoming your product’s “public loudmouth,” and the growing popularity of the Build in Public strategy.Follow David Cohen on Twitter @davidcohenFollow Jay Clouse on Twitter @jayclouseListen & subscribe to the Give First podcast on Apple Podcasts, Spotify, and more.

Do you have a digital storage problem? As almost everything begins to be stored digitally, customers are often looking for sustainable but secure and permanent storage for their assets.What was once considered science fiction has been created by Arweave. One of the company’s goals is to create a permanent archive of all of humanity’s knowledge through its cryptographically verifiable method.“The simple way of explaining what Arweave is to people that have read 1984 is, well, you know the memory hole? Well, we make the memory hole impossible,” says Sam Williams, Arweave co-founder and CEO.Listen as Sam talks to Pete Townsend, Techstars managing director and leader of the Techstars Web3 Accelerator, about the story of Arweave, and how hope and resilience led to extraordinary success. Also, don’t miss Sam sharing advice for future Web3 founders that he learned throughout this process.Follow David Cohen on Twitter @davidcohenFollow Pete Townsend on Twitter @PeteTownsendNVListen & subscribe to the Give First podcast on Apple Podcasts, Spotify, and more.

When a thoughtful founder or investor is thinking about creating or sustaining long-term value and a company that adapts for the future, they are already inherently thinking about environmental, social, and governance issues (ESG).ESG is for ALL companies - not just the ones focused on the environment.Dr. Mairi-Jane Fox, Director of ESG at Techstars, breaks down the creation of ESG, starting from when companies began to think about their corporate social responsibility (CSR), to the sustainability movement across corporates, and now tracking how companies were addressing ESG issues.“ESG evolved out of those spaces when investors, who are a powerful crew for change, started to realize companies could lose their social license to operate by making poor social choices,” Mairi-Jane says. “ESG is the data-driven thinking about financially material stuff that investors know impacts a company … so that they can manage for those risks or even manage for a positive impact.”Listen as Mairi-Jane and David discuss different examples of ESG responses and how ESG can set up companies for greater success. Also, don’t miss how Techstars is modeling ESG operational standards for its portfolio companies.If you missed the previous ESG takeover episodes, check out episode #66 on the benefits of ESG measurement for your company; episode #68 on how to engage with investors; and episode #69 on what it means to be a b corp.Follow David Cohen on Twitter @davidcohenListen & subscribe to the Give First podcast on Apple Podcasts, Spotify, and more.