Hello. This is a tumblog by Mike Brown Jr. I'm a VC at Bowery Capital based out of NYC and this is the internet version of what's going on in my head at any given point in time. I try not to take myself too seriously and you shouldn't either.
Truckee Watershed Restoration. Excited for all the work the NFF is doing up in Tahoe. It is such an amazing place and most people don’t know but these watersheds are critical to the quality of the water we all drink. About 20% of the US water supply comes from watersheds on Nat’l Forests.
The first track that Stevie Nicks (and Lindsey Buckingham) ever released, from their initial, and unjustly ignored, debut record. The thing that strikes me 30 years after its release is not only how damn amazing, and amazingly unique, Stevie’s voice is, but how much this song, unbeknownst to them, would shape the later sound of Fleetwood Mac.
For about a year now I have been asked for ways to help our CEOs with incentives and rewards outside of monetary compensation. How do I keep my best talent and incentivize them outside of money? What can I do to have a leg up against other companies when hiring and retaining talent? We all know how challenging the environment is for early stage start up CEOs and that employee recognition is a critical part of morale, personal and company success and retention.
As a result and after about 100 conversations with all of the AOL Ventures and Bowery Capital CEOs we thought up the idea for a President’s Club. No doubt many people have heard of the President’s Club concept - send a group of high performing company leaders on an all expenses paid trip to celebrate their success. Big companies like GE, DoubleClick, Pfizer and others do this for their teams. It is exclusive, only for top performers and is generally a fun weekend with no business. But we never saw it done within a VC fund environment.
Naturally it is tough to do this as the CEO of an early stage company given things like cost and headcount. But we think it makes sense at a portfolio level and wondered why it hadn’t been done before in a venture fund setting. So today, we announce the Bowery Capital President’s Club. More info can be found here and we plan on announcing more about the program to our companies as the year goes on.