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July, 2010

  1. R.I.P. SpeakerCar

    July 27, 2010 by Matt Mireles


    When you have no money and you need a car, you get SpeakerCar.

    M2 sold her last week for $350––less than the price of a new iPhone. For all the nausea and fear that she caused, her passing was an emotional event. This is an ode to SpeakerCar, the ultimate car of the scrappy startup.

    ***

    SpeakerCar was a 1991 Acura Legend. Black with black leather interior, the hood was bashed in from an accident in 2002. The windows don’t roll down and the windshield is cracked. It leaks when it rains. Wadded up newspapers occuppy the joint  above the driver’s seat to seal the hole.

    The electrical problems started a few years ago, when M2 drove her into a lake. Yes, a lake. The entire engine compartment was submerged.

    Ever since the lake incident, the power steering has been out. Parralell parking was often a two-man exercise.

    The lack of power steering impacted wheel alignment, leading to excessive tire balding and frequent flats.

    On a hot day, SpeakerCar was a nausea-inducing sauna. On the freeway––prone to unexpected power outages and brake lock ups––she was a deathtrap. When Tyler‘s parents saw the car during a visit on the 4th of July, his mom cried. To his parents chagrin, he had turned down job offers from GE and Lockheed-Martin to join SpeakerText, and now here he was driving around in the world’s unsafest car. As a lifelong IBMer from the bourgeois suburbs of Vermont, his mother was distraught.

    Environmentalists, too, had much to say, as SpeakerCar burned oil and emitted large clouds of blue smoke at crosswalks and in parking lots. Older women crossing the street would often cough and gag as they passed through the cloud of noxious gas perpetually emitted by SpeakerCar.

    But for all her electrical dysfunction and mechanical disrepair, there was something charming about SpeakerCar, something symbolic––something in her that represented us. She embodied defiance (of clean air laws, if nothing else) and relentless, insistent survival in the face of clear and unmistakeably valid excuses to give up, to throw in the towel, get a real fucking job and real fucking car.

    And yes, on the 4th of July, we did get one last flat tire. As beautiful, made-up women walked by with their boyfriends, M2 and I jacked up the car and changed the flat, our hands blackened and burning from the heat. And then we got bombed. But she had taken us where we wanted to go.

    She was our mascot and we drove her with pride.


  2. “The Respectable One”

    July 26, 2010 by Matt Mireles

    This is my co-founder, Tyler Kieft, a.k.a. “the Respectable One.”


  3. SpeakerScrappy: Matt Swanson

    July 25, 2010 by Matt Mireles

    Matt Swanson tries to sleep. Tyler Kieft looks on.

    Matt Swanson tries to sleep. Tyler Kieft looks on. These are my co-founders. We are SpeakerText.


  4. The Case for Talking Shit on Wall Street

    July 23, 2010 by Matt Mireles

    My friend Ben Siscovick wrote an interesting blog post today entitled Stop Shitting on Wall Street.

    There is way too much vehement anti-Wall Street sentiment in the startup community. Not that it is completely without merit – there are tons of valid reasons to dislike many of the cultural and practical elements that give Wall Street such a bad name – a focus on wealth accumulation, an over emphasis on the short-term, positioning as value extractors rather than value creators, etc.

    What bothers me most is that the disparaging commentary on Wall Street is rarely rooted in fair and objective dialogue, but rather, more often than not, merely degrades to straw-man argumentation, broad generalized attacks with no respect for nuance, and an utter lack of appreciation for the benefits, not just the costs, of Wall Street experience.

    Now, I know what you’re thinking, but while Ben is in fact a HUGE Phish fan, he is not––so far as I can tell––currently on drugs. So let’s take his argument at face value.

    Why so much shit-talking about big corporations and wall street in the startup world, you ask? Well, I think it should be pretty obvious: Wall Street and Big Co. are the competition. We compete with them for talent and mindshare every day. And precisely because they are so appealing and have so much to offer, especially monetarily, we try to detract from their power and allure by spreading fear and talking shit. We try to make people afraid that joining Google or Goldman will lead to a forfeiture of their soul. Is it 100% rational or true? No, as he adroitly pointed out. But it is strategic and accretive to the startup ecosystem for us to talk such shit. It is marketing in its most pure and basic form.

    Now, you can protest and say “But it doesn’t have to be that way!” To which I’d answer: Sure, if either: a) the startup community doesn’t really care about winning over the hearts and minds of America’s youth, or b) there’s not really much competition between us and them. But as it is, especially on the East Coast, the startup community is competing desperately for mindshare amongst a scarce talent pool of elite college grads, and the competition––Wall Street––is deeply entrenched. So we shit talk. It ain’t pretty, but it’s the one weapon we have. And it works.


  5. The SpeakerCave Genesis

    July 22, 2010 by Matt Mireles

    On June 1, 2010, I moved into the SpeakerCave. This wasn’t the plan A, mind you––more like plan C––but at least it was something. And definitely better than plan D, which is to say: SpeakerTent.

    The plan, well, plan A was to raise a bunch of money from the top angel investors in Silicon Valley and New York and then move to San Francisco. And that plan failed.

    So the SpeakerCave it was.

    It had started in mid-May when M2, Tyler and I interviewed with Y-Combinator. Paul Graham gave us the bad news. “Your team hasn’t know each other long enough,” he told us––or something like that. But they’d be happy to talk to us again, later, in the fall, assuming we hadn’t self-destructed already.

    That night, the one remaining investor we thought we had for sure backed out on us.  Two hours later, someone broke into our rental car. They stole my laptop, housekeys, iPod and––worst of all––my copy of Steve Blank’s Four Steps to the Epiphany. T’was a dark day.

    And two weeks later we reconvened in Pittsburgh. Ahh yes, Steel City. It was no Manhattan, but M2′s roommate had just moved out so we had a place to stay for two months. M2 and Tyler had bedrooms, I had the dining room, and we used the living room as an office.

    PG’s hesitation was understandable. Things hadn’t really worked out with my original co-founder. M2 had joined in April after an intro from a mutual friend. We had hit it off instantly, but in truth we hardly knew each other. Nonetheless, his technical chops were first rate: a coder since junior high, a web hacker since 2000, a summa cum laude graduate of the Iowa State computer engineering program and the former CTO of CampusMunch, a web-based food delivery startup. On top of all that, M2 had just graduated from the Carnegie Mellon Master’s program in Robotics. He had worked on the computer vision software and machine learning alogorithms  for autonomous farming robots actually deployed somewhere in Florida.

    Tyler had joined back in October 2009. With my alumni discount, I had setup a booth at the Columbia Engineering Job Fair, looking for fresh talent. At the time, Tyler was a senior at the University of Rochester. Rochester is a good engineering school, but not a great one. Tyler was the best engineer in his class, or so said the Rochester engineering faculty. Truth be told, he had passed up Harvard for Rochester, accepting the full tuition scholarship they had dangled before him in lieu of the Ivory tower. The previous two summers, he worked at IBM and Lockheed-Martin, excelling technically but feeling unchallenged.

    Tyler joined SpeakerText first as a freelancer, helping us build v1.0. We paid him for that with an iPhone camera mount called an OWLE. By spring , he had fielded offers from GE, Lockheed-Martin and a few other dev shops. These were real jobs, and he turned them down to join SpeakerText as a full-fledged co-founder.

    Tyler and M2 met at San Francicsco International Airport two days before our YC interview. Two weeks later we moved in together. Tyler and M2 had bedrooms, I had the dining room. Our credit line was maxed out. We had $1,200 in the bank.

    To Be Continued…


  6. Chris Dixon, Pissing Off/On Incumbents & VC Marketing

    July 3, 2010 by Matt Mireles

    A friend of mine is a partner at a large VC firm. He’s an awesome dude and today we got into a debate about this tweet:

    .@fcollective is looking fwd to seeding great startups this summer while big VCs are on vacation spending their management fees less than a minute ago via Twitter for iPhone

    I commented and then a few minutes later, my VC friend DM’d:

    You don’t think Chris is taking a vacation this year? He has more money than many VCs (including me!). I’m working all summer.

    An entire debate ensued between the two of us. Rather than give you the details, I thought I’d step back, abstract it at the high level, and then re-render our conversation as if it was a theoretical discussion between “Product Guy” and a “Marketing Guy,” re-told by the creators of South Park.

    MG: Dude, you really need to change how you do shit. Your brand is getting destroyed out there by Other Guy.
    PG: Are you fucking kidding me??? Our product has X, Y and Z features that Other Guy wouldn’t even know how to build if they popped out of his asshole and smacked him in the nuts. Our product is vastly superior.
    MG: Interesting. So why don’t you say that on your interwebs blog site? I mean, you are an internet company, right?
    PG: Dude, I’m so busy working on product, why the fuck would I waste my time on a silly little blog. I’ve got real shit to do!!!
    MG: You know, Other Guy is killing you on his blog and raping you on the Twitters. Not that I believe it all, but I’m a total n00b when it comes to your product and despite all those warnings on the box, I actually do kinda believe everything I read on the interwebs. I mean, I’ve got no other good source of info. And Other Guy seems really smart and entertaining.
    PG: Pttttfff!! You’re an idiot if you believe Other Guy. What a douche.
    MG: Perhaps. But I’m not the only one. Most people don’t really understand your product anyhow, and you’re a dumbass if you actually think that people make decisions based on a rational comparisons of perfect information. The world doesn’t work like that, and if it did, well, I’d never get laid.
    PG: I respect you less with every word you say.
    MG: Hey dude, I’m just one man. Hate the game, not the player.

    My message: If you’re a big VC and you’re tired of getting trashed by Chris Dixon, you should speak up and publicly make your case. If you don’t, you risk looking like you either don’t understand the internet or don’t care about it. Both are bad. So speak up. We’re listening. And we want to hear what you have to say. (Seriously, we’re n00bs and we get all our info from the internet. If you write, we’ll read.)