Celebrating 22 Years with 22 mile run

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On June 21nd, Gold Systems celebrated our incorporation twenty-two years ago!  Now let me tell you a story about how I ended up running twenty-two miles from my house in Gunbarrel to the top of Sugarloaf Mountain to celebrate the occasion.

Sometime during the dot com boom I was sitting in my backyard with my friend Herb Morreale and we were talking about the difference between companies that give it all they've got for a year or two and companies that take the longer view.  From my backyard I can see a few mountain peaks, and I said to Herb, "See that green pointy looking mountain?  We couldn't possibly sprint to that mountain from here, but I'll bet we could get there eventually under our own power if we picked our route, planned a little and didn't kill ourselves along the way."  It was something like that anyway. 

My point was that we were both in businesses where it seemed like we were running a series of marathons rather than one fast sprint.  That idea always stuck with me and I reminded people at Gold Systems that to last we needed to sometimes conserve our energy and not burn out along the way.

Later I figured out that the mountain is Sugarloaf Mountain.  The peak is about twenty-two miles from my backyard and it stands 3,655 feet higher at 8,917.  It's one of our smaller Colorado mountains.  About three and a half years ago I started running after reading the book "Born to Run" and the idea of actually running to the top of that mountain started to get more real with every mile I ran.

Just a week or two before the anniversary of Gold Systems I decided it was time to do it.  I was in good shape, and it would fall on a Friday so I could run to work in the morning, get a few things done and then take off for the summit after our company Bar B Q. 

(Click on the images below to see them full size)

Friday morning arrived sunny and hot, but I was excited to get on the road.

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My first view of Sugarloaf after leaving my house came at about mile three.  I remember thinking it looked a long way away.  I knew I could run the distance but I wasn't as positive about the climb with the heat, but I figured I could just keep going even if I had to walk and I would make it.  The photos below make it look a little farther away than it appeard to me then, but not by much!

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I arrived at Gold Systems and had a problem to deal with, so that distracted me from the big part of the run head of me.  We had a nice Bar B Q around noon where we grilled out hamburgers (beef and vegi) and hot dogs.  I had a hamburger and chips and then of course had to have an anniversary cupcake.  I wondered how that would sit in my stomach later.

 
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After a few more emails and congratulations to everyone, I hit the road again.  The heat hit me and I realized I was going to have to be careful with water.  I had a small backpack with water and Gu, and I expected to be able to fill up at Eben G Fine Park towards the end of the Boulder Creek Path.

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The Boulder Creek Path is always nice and I used the time to reflect on twenty-two years at Gold Systems.  I can't even guess how many people have helped us get to this point.  Year ago I calculated that we had created over 1,000 years of employment and it is well beyond that now.  So many people have been a part of this and it has gone so far beyond what my co-founder Jim Fudge and I imagined in the beginning.  I appreciate everyone who's worked here, and all the friends, partners and customers who kept us going all these years.  It hasn't been easy, and it hasn't always been fun, but it's been a great accomplishment by everyone involved.

I remembered to stop for water at the park, but it was overrun with kids, and the line for the water was just too long.  I reasoned that I hadn't drank that much and though I got a quick drink, I didn't fill up my pack.  We have a saying at Gold Systems – "Lessons will be repeated until learned."

The Boulder Creek Path starts climbing up alongside Canyon Boulevard and I was suddenly out of the shade.  I wondered about finding another water stop but didn't want to add even more miles to a run that was looking big enough already.

This is what it looked like for the couple of miles that I was on Canyon.  I was worried about getting through the tunnel since there is only the smallest of sidewalks, but I picked my time and sprinted through when there were no cars in sight.  I made it to the other end just before a car came around the bend.  Sometimes even when you are running a long distance, you have to sprint, so it's best to have some reserves in the tank for the occasion.  Same as in business.

I also had to jump from one side of the road to the other quite a few times over the next two miles. The shoulder was OK, but it wasn't consistent on either side.  Minor course corrections are to be expected.

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The cars rushing by helped to make the time pass quickly and I was on Sugarloaf road in less than 20 minutes after leaving the trail.  That's where the real climb begins, and thankfully there were some clouds to keep some of the sun off of my head.  In just another 20 minutes or so I had climbed (slowly!) up enough to have a good view of the canyon and Boulder Creek below.  This was starting to get real.

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From Sugarloaf Road to Sugarloaf Mountain Road it is 4.7 miles, and it is steep uphill all the way.  I ran as much as I could and walked when I needed to, but I kept going.  People driving uphill in cars would wave, as would people on bikes flying downhill.  I only saw one guy riding uphill and an hour later he passed me on his way back down and seemed really surprised to see me still going.  He said "wow!" as he zoomed past, and that one word carried me up the next couple of miles.  Whoever you are, thank you!

I've seen a lot of interesting things on the roadside as I've ran, but finding a telephone jack on the side of the road seemed surreal. How many phone lines have I touched in twenty-two years?  And what does it mean that this jack is just sitting here on the side of the road?  It probably fell out of a truck, maybe on its way to the dump.  Times are changing.

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Most of the rest of the way up Sugarloaf Road I ran on the road, with quick hops to the shoulder when I imagined that a driver was texting as they made this drive to Boulder for the ten thousandth time.  By the way, I was wearing my Fivefinger shoes all the way, until I got to the trailhead and changed into trail shoes for the last rocky mile.

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Finally I came around a curve and saw Sugarloaf Mountain for the first time since I was East of Boulder.  It was great to see it looking so big, but it was still a ways off and the clouds were getting darker.  I was also starting to worry about my water supply, like you do when you pass a gas station on the Interstate with an 1/8th of a tank of gas and an untrustrwory gas gauge.

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Around 4:30 in the afternoon, I got to my last turn.  I had a good map and a cheat sheet of the turns and milestones, so I knew I was getting close and that I could finish it when I turned on to Sugarloaf Mountain Road.

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And then right about here, on the last few miles to the trail head, I ran out of water.  When I say "trail head" that's where most people park their cars to begin the hike to the top of Sugarloaf Mountain.  I was expecting a friend to be there with a bag I had put together with water, food, and my trail shoes for the rocky last mile, so I wasn't worried when I ran out of water.  I also figured I could go back a mile or two and knock on the door of a house or cabin and beg for water if I needed it. 

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Unfortunately my friend missed the turn and went about 10 miles on down the road.  Lucky for me there was a guy there packing up his ATV and he gave me a couple of bottles of water, so I sat on a rock and enjoyed being off my feet until my friend found his way back to the trail head.  Although it still looks like a long way to the top in the photo below, it was only another .68 miles.

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It was a nice walk up to the summit, with great views on all sides.

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If you click on the photo below you can see my starting point that morning way off in the distance.  Maybe you can, because I couldn't see my part of the county much less my house, but it's out there somewhere.

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I expect I'll always remember this run, and I hope it always inspires me.  I had run the Colfax Marathon a month before and barely finished, and it was on flat pavement.  A lesson here is that things can and often do get better.  I could have convinced myself not to even try  the Sugarloaf run based on that marathon experience.  This should have been a harder run, but it wasn't.  Probably because I wanted this one so bad and I really did enjoy the experience of doing something that I had only imagined might be possible years before.  Or maybe it was just a different day and because I tried, I did it.

This run was really a tribute as much as it was a test.  Thanks to my wife Cindy (who has a new book for sale!  🙂 )  She still doesn't know why I would do something like this but she still supports me.  And I'm talking about both the company and the run.  Thanks to Jim for suggesting we start a company way back when, and thanks to everyone else who has worked here or been a customer or who has just dropped in to help when needed.  This run's for you!

 

 

 

 

 

Colorado Entrepreneurial By Nature

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Gold Systems is now over twenty one years old, and our offices are
less than a mile from where it all started here in Boulder.  It's really
hard to imagine starting Gold Systems anywhere but in Colorado, so I'm
happy to lend our name to Colorado Entrepreneurial By Nature.  It's a
grass roots campaign to make sure the world knows that Colorado is a
great place to live and to start a business.  I've benefited so much by
being in a community that supports and encourages entrepreneurs and I'm
happy to give back that support to the new people starting up here in
Colorado.

If you are an entrepreneur in Colorado, lend your name to the effort by going here:  http://www.entrepreneurialbynature.com/

The Greatest Business Decisions of All Time

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My old YPO buddy Verne Harnish has written a new book, and it is available today.  His previous book, Mastering the Rockefeller Habits is a favorite of mine.  After you read Built to Last and Good to Great, read Rockefeller Habits to learn how to opererationalize what you've just read.  I'm sure The Greatest Business Decisions of All Time will be fantastic, and the forward is by Jim Collins himself.  Every time I talk to Verne, he teaches me something and helps my business so I'll be ordering the new book first thing in the morning!

Before I got this blog post published, another book arrived in the mail from my other old YPO buddy Brad Feld.  This one is Startup Communities and it is the first in the Startup Revolution series.

 

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Boulder would be a very different environment for entrepreneurs if both Brad and Verne had not come to town and decided we needed a YEO chapter.  (Now EO)  Thank you guys, you've really made a difference in the community and the world, and it has been my pleasure to know you both.  Brad's book is what he's learned about helping communities attract and support start ups, and I just started reading it on my Kindle.  I'm sure it's great too!

ANZ Inovyz START announces Year One Results

In July I wrote about my experience going over to the wonderful city of Adelaide, Australia, where I was a mentor in the ANZ Inovyz START technology accelerator.  I had a great time, met some great people and found that I could be homesick for a city that I really didn't know anything about before that visit.  Since then I've been spending a little time on Skype with two of the companies, Australian Baby Bargins and Be Intent.  And there is a new company in Boulder that was part of the first group of Innovyz entrepreneurs, Beneath The Ink.  They went a long way to participate in the program!

The books are closed on the first class of entrepreneurs and they are off to a great start, and they have just announced that they have been funded for the next season and applications are already being accepted.  If you are an entrepreneur in Adelaide, Australia, or really anywhere in the world, check out http://www.innovyzstart.com/ and hit the "Apply Now" button if you think you've got what it takes to join nine or so other hot startups in the great city of Adelaide.  U.S. folks – remember, it will be summer there in Adelaide while it's winter here in the states.  Applications close November 30, 2012.  Check out this FAQ too.

 

 

Nine Tips for the the bootstrapping start up by Art Reisman

My good friend and local entrepreneur, Art Reisman, has written a thoughtful blog post with practical advice for the start up entrepreneur.  The title of the post is "Nine Tips for Organic Technology Start ups" and it's well worth a read because it has advice you won't get from most places, such as "Be leery of late 1990's dot com moguls."  Art has nothing against moguls I don't think, he just cautions that the new entrepreneur needs to be able to tell the difference between lucky and smart.  Some were smart, some where lucky.  By the way, that's the name of a book you might want to check out too - Lucky or Smart?: Fifty Pages for the First-Time Entrepreneur, by Bo Peabody

Check out Art's post, I think it is worth reading if you are just getting started and it is a good reminder for those of us who have been doing this for awhile.  Art has built a very successful company that is running circles around far bigger companies. 

 

 

A week at Innovyz START in Adelaide, Australia

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In my previous post I talked about my first full day in Adelaide. This post is about my time spent at the ANZ Innovyz START technology accelerator in Adelaide, Australia.

My good friend Jana Matthews has been going to Australia and other parts of the world for years to work with start-ups and fast growing companies. I was thrilled for her when she told me that she was going to be spending the summer in Adelaide, Australia working with a new technology accelerator. When she invited me to come over for a week and work as a mentor to the start up entrepreneurs, I thought, "that should be fun, and I can repay Jana for all she's done for me over the years." After getting home from Adelaide and thinking about my experience there, I realize now I didn't repay anything and I believe I'm now deeper in debt to her!

Jana and I have spent many mornings sitting at Turley's talking about the challenges of leading and growing a business. She's seen me at my worst times and at my best times, and through it all she has given me great advice that I've sometimes listened to. I'm not always the best student, but it is fair to say that without Jana's advice over the years, Gold Systems would not be what it is today.

Boulder, Colorado is home to TechStars, which is the #1 startup accelerator in the world. I was asked to be a mentor in the first year of the Boulder TechStars, and it was a fantastic experience. I learned a lot and I gained a close personal friend in the process. The Innovyz START accelerator in Adelaide is modeling a lot of what they do on TechStars, and they are part of the Global Accelerator Network which the TechStars guys also support. Both David Cohen and Brad Feld have helped get them off on the right foot.

My experience with the people of ANZ Innovyz START was fantastic. I was in the second week's flight of mentors to arrive and we were welcomed with a great dinner put on by Jana, Philip Vafiadis and Jerry Kleeman. I was the only Boulderite in that week's group of mentors, but Sherri Leopard, Catherine Merigold and Lu Cordova were also mentors other weeks. Most of the other mentors were from Australia or other parts of the world, and I really enjoyed getting to know everyone in my group.

Monday morning started with quick introductions and then we jumped into one-on-one's with each company. There were ten start-ups selected to participate in the program, and the founders had all relocated to Adelaide and for the most part seemed to live in their offices. They are working hard to make the most of the program and to be ready for Investor Day on August 17.

I felt for the entrepreneurs, because they had to quickly explain their company, and then process questions and suggestions from mentors that though they had a lot of experience, had just the smallest understanding of the company. As I think about it, that is one of the first lessons you have to learn as a new start-up entrepreneur. How do you to take all the advice people are willing to give you and make sense of it? Often the advice is conflicting and threatens to take your company into an entirely different direction. I did my best to let them know that while I might have an insight or an opinion for them, it could well be wrong and it was ultimately up to them to decide if it was helpful.

New entrepreneurs get a lot of advice on hiring. "You need a strong tech person" or "You need an awesome sales or business development VP." Maybe, but that advice can get a – into trouble. The founders first need to be competent in all areas. Maybe not great, but competent. A founder needs to be a fast learner and willing to dive into things they know nothing about, and then do the job until the company can really afford to bring in the experts. Except for running out of cash, nothing will kill a start up faster than hiring the wrong person at the wrong time. Getting someone who doesn't fit the values and culture that the founders want to create is deadly. Hiring a VP from a big company who "loves the idea of a start-up" but has no idea how to execute without a big staff is killer. I spent a fair amount of my mentor time with the entrepreneurs just reassuring them that they were in fact very capable people who could get the job done. Everyone of them was passionate about their idea, smart, and hard working or else they would not have been selected for the program.

That's the basic idea behind accelerators. Get lots of entrepreneurs to apply, select the very best, and then give them mentoring, introductions and financial help. Do that, and most of the companies will exit the accelerator a few months later and be on their way to success.

I'm happy to have been a part of the first year of ANZ Innovyz START in Adelaide, but I'll bet that next year and the year after will be even better. Adelaide looked like a great place to start a technology company and I hope to get back there again soon. I asked Jana, "How is it possible to miss a place I didn't even know existed a few months ago?" I wish the best of luck and success to ANZ Innovyz START, the entrepreneurs, my new mentor friends and the city of Adelaide!

ANZ Innovyz Start Accelerator


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What's better than being asked to go to Australia for a week to mentor a bunch of start up entrepreneurs?  Getting selected to actually BE one of the start up entrepreneurs!

The ANZ Innovyz Start Accelerator, which is part of the Global Accelerator Network and "Championed by TechStars" has selected ten companies to meet up in Adelaide, Australia.  They will receive mentoring and support, and hopefully they will all grow into successful, job-producing, successful, cool companies. 

Most of the companies are from Australia, but one, Cipher This, is from right here in Boulder, Colorado.  I'm so excited to be participating as a mentor, and I thank Jana Matthews and all the other mentors who have made this possible.

Congratulations, and I can't wait to meet you in person this summer!

The 10 companies selected to participate in the 2012 ANZ Innovyz Start accelerator program include:

  1. Adelaide Baby Bargains:Free online marketplace for preloved baby & children’s goods, Adelaide, AU
  2. Be Intent:Online HR solution that measures mindset, staff engagement, optimizes people performance and delivers measurable productivity improvements, Auckland, NZ
  3. Captioning Studio: Speech to text, video search, web based captioning & subtitling, and tools for those who are deaf and hard of hearing, Adelaide, AU
  4. Cipher This: Software that automates the creation and integration of puzzles into any author's original content, Boulder, Colorado, USA
  5. ConfPlus: Mobile service to facilitate registering, scheduling, networking, and communicating at conferences, Madison, Wisconsin, USA and Beijing & Shenyang, China.
  6. Credit Key: A web ‘transaction brokerage’ service that vastly reduces the amount of time between the issue and payment of invoices, Adelaide, AU
  7. iStudent: recruitment of international students with on-line search and enrollment, Sydney, AU
  8. LEAPIN:Cloud-based Property Management System featuring 'smartphone room check-in' and a 'complete web check-in system for the accommodation industry', Adelaide, AU
  9. www.mysupervisoronline.com: On-line resource, support and networking site to assist Honours, Masters and PhD students, Brisbane, AU
  10. P2P Agri: Farm business management decision software, Adelaide, AU

Gold Systems is Growing

Q1 has been a great quarter for Gold Systems, and we're hiring again.  If you are a software project manager, or a .NET engineer, check out the job postings at http://www.goldsys.com/careers 

(Note to recruiters. We have several great relationships with recruiters already, so only contact us if you have a specific person who would be a great fit for one of our jobs. Thanks!)

8 Qualities of Remarkable Employees

Mike Gellman (@MGellman) at SpireMedia tweeted recently about an Inc. Magazine article, "8 Qualities of Remarkable Employees" by Jeff Hadan. I can always count on Mike to notice the interesting articles.  It's a good list, and I'll add one more at the end.

  1. They ignore job descriptions
  2. They're eccentric
  3. But they know when to dial it back
  4. They publicly praise
  5. And they privately complain
  6. They speak when others won't
  7. They like to prove others wrong
  8. They're always fiddling

And I'll add one more . . .

    9.  They fit the values of the organization.  Not the fake values that some companies put up on the wall to impress customers or to "motivate" the staff, but the real values that are core to how the company operates.  (As I was writing this, out of the corner of my eye, I thought I saw Jim Collins, author of Built to Last.  Not in person, but on my other monitor where I had the Inc. article up.  When I looked, he was gone, which was kind of strange since it is his idea of Core Values that I'm referring to in number 9.  Turns out I wasn't seeing things, but rather Inc. has a rotator on their website of different Inc. covers, and he had rotated through.)


“Jim

 

Check out the full article and details on each of the items here.

Nine Unusual High-Performance Traits

My good friend, mentor and coach, Dr. TC North has been writing columns for ColoradoBiz magazine for the past year. His columns consistently place in the top-five most popular columns and his latest one is the best yet.  TC writes about nine traits that he sees in high performance athletes and business leaders. 

  1. Willingness to fail
  2. Motivation driven by excitement not by fear
  3. Obsessive focus
  4. Respect
  5. Alignment
  6. Positive accountability
  7. Shared values
  8. No whining, complaining or excuses
  9. Meet or exceed

Check out the article to see his take on these nine traits.  You can also subscribe to TC's newsletter where you'll get his weekly EnCourageMent email.  TC coaches elite athletes, top sales people and CEOs. He's been a great help to me and I recommend him highly.

Gold Systems is hiring

With just a couple of days left in 2011, I have to say I think that 2012 is going to be a great year.  At Gold Systems we have a new product, Vonetix 7 Voice, and business is really starting to take off.  We beat our sales goals for Q4 by a wide margin, and we're going into Q1 with a LOT of opportunity.  To say I'm thankful would be an understatement.  2011 was challenging and I'm hugely grateful to everyone who helped us end the year on an upswing.

Now we're looking for some great people to join our engineering group.  We're mainly looking for .NET and IVR people, but check out our job postings at the Gold Systems website and if it looks interesting, shoot us an email.

To all my friends and business associates – have a Happy New Year and I hope to see you in 2012!

Terry