Fundraising Fox

Brad Feld

InvestorFounder

Co-founder & Partner at Foundry · Investor at Techstars · Board director at Molekule · Board director at Somerville, MA · Board director at JumpCloud

Boulder, CO

Writes $5M – $15M checks

FoundedTechstars

Photo: A.b.s, CC BY-SA 3.0, via Wikimedia Commons ↗

About

Brad Feld co-founded the Boulder venture firm Foundry and the accelerator Techstars, after earlier partnerships at Mobius Venture Capital and years of angel investing. He is equally known for his writing, including Venture Deals, the standard reference on term sheets, and a long-running blog on startups, community building, and mental health.

Contact· published on Brad's own website

Likely emails· guessed from name + firm domain, not firm-published

Invests in

Cloud ComputingConsumerCrypto & Web3Deep TechDeveloper ToolsFuture of WorkHardwareMarketplacesRoboticsWellness & Fitness

Beyond investing

Founded
Feld co-founded Feld Technologies, a custom software development startup, in 1987 while a student at MIT. Feld co-founded the accelerator and early-stage fund Techstars in 2006 with David Cohen, David Brown, and Jared Polis. Feld founded Intensity Ventures and co-founded Mobius Venture Capital before Foundry Group. Feld dates practical operations to 1985 and formalization with Dave Jilk to 1987. Their one-page agreement and nominal $10 capitalization supported a profitable business sold in 1993.
Education
Studied at Massachusetts Institute of Technology (BS, Management Science) Studied at MIT
Boards
Feld has served on the board of the nonprofit National Center for Women & Information Technology and is its chair. Feld has served on the board of the nonprofit Startup Colorado. Feld is chair of the Global EIR Coalition. Feld is on the board of Path Forward. Feld is on the board of the Kauffman Fellows. Feld is on the board of Defy Ventures. Feld has been an advisor to the Global EIR Program.
Charities
Boulder Community Health credits Batchelor and Feld with its Mental Health Endowment and documents a $2 million 2022 caregiver-wellness gift.
Communities
Feld has written the Feld Thoughts technology venture blog since 2005 and is a member of the Xconomists, editorial advisors for Xconomy.
Hobbies
Feld is an art collector and long-distance runner who has completed 24 marathons in a mission to run one in each of the 50 states.
Family
Feld is married to Amy Batchelor, with whom he has co-authored a book and lived in Boulder since 1995. They met in college in 1984, became a couple in 1990, married in 1993, and nearly separated in 2000. They co-authored Startup Life, run Anchor Point, and have publicly said they have no children.
More
Feld was born in Arkansas and grew up in Dallas, Texas, moving to Cambridge in 1983 to attend MIT. Sage Alerting Systems acquired Feld Technologies in November 1993 and became AmeriData; GE Capital later acquired AmeriData. Intensity Ventures is Feld's later personal vehicle. No reviewed primary source supports an Intuit connection. Feld says he invested much of his sale proceeds into roughly forty startups in 1994-1995, at one point leaving under $100,000 liquid. This aggregate does not establish a complete attributable list. Feld calls the 1997 fund successful, the 1999 fund a disaster, and the 2000 fund initially rocky. He reports more than twenty-five boards, thousands of layoffs, and over a dozen shutdowns. These are first-person assessments, not audited returns. The Feld-co-founded, co-chaired hosting company went public in 1999 and reached roughly $3 billion in market capitalization, but its approximately $200 million revenue base was losing about $5 million monthly before collapse. The four founders raised their first fund in 2007 after ending new Mobius fundraising. Foundry says it did not intend a multigenerational franchise and made Foundry 2022 its final fund. Feld said he contributed his founder interest around 2010 as Foundry increasingly backed Techstars companies, reducing conflict discomfort. Exact legal terms remain private. Feld says he was diagnosed with OCD in his twenties, experienced a hidden two-year depression around the company sale, and had later episodes including 2013. He speaks to reduce stigma and rejects calling OCD a superpower. Feld identifies as an art collector and long-distance runner and has completed at least twenty-five marathons toward a fifty-state goal. He periodically reduces work, media, and public obligations to restore energy.

From Brad's own website — common ground for a warm intro.

Board director at Molekule

Intro paths

In turn, Brad can intro founders to Molekule's investors below.

Co-founders at Molekule

YG
Yogi GoswamiExecutive Officer
DG
Dilip GoswamiExecutive Officer, Director
JRJaya Rao
Jaya RaoExecutive Officer, Director

Board director at Somerville, MA

Intro paths

In turn, Brad can intro founders to Somerville, MA's investors below.

Co-founders at Somerville, MA

NL
Natan LinderDirector
ML
Maxim LobovskyFounder
MLMax Lobovsky
Max LobovskyCo-founder & CEO

Board director at JumpCloud

Intro paths

In turn, Brad can intro founders to JumpCloud's investors below.

Co-founders at JumpCloud

GKGreg Keller
Greg KellerChief Technology Officer, Co-founder
RBRajat Bhargava
Rajat BhargavaCEO

Experience

  1. FoundryPartnercurrent2007 — presentBoulder, CO
  2. TechstarsCo-foundercurrent2006 — presentBoulder, CO
  3. Intensity VenturesManaging Directorcurrent1995 — presentBoulder, CO
  4. Mobius Venture CapitalManaging Director2001 — 2023
  5. Softbank Technology VenturesManaging Director1997 — 2001
  6. AmeriDataExecutive1994 — 1995
  7. Feld TechnologiesPresident1985 — 1994

Skills & more

Fund Investing1Writing1Valuation86Restructuring34Product Management99Start-ups99Venture Capital99Entrepreneurship99Software27Business Strategy68Monetization7Corporate Development63
+12 moreStrategyProduct MarketingPrivate EquitySaaSGo-to-market StrategyAngel InvestingVenture FinancingBusiness PlanningUser ExperienceStart-up VenturesAgile MethodologiesE-commerce

Languages English

  • Venture DealsTechstars

From Brad's professional profile.

Investments

Investor

Approximately forty early startupsBigDoorDataPowerFeedBurnerFitbitGnipHarmonixmusicInterliantMakerBotNetGenesisOblong IndustriesRover GroupSendGridServiceMagicSpheroTechstarsTechstars accelerator portfolioXometryZynga

Per curated public sources.

Controversies & responses

Where Brad has drawn public criticism — with what happened, their response, and the criticism itself, side by side.

Techstars faced culture and strategy criticism2023
What happened
2024 reporting described complaints about culture, centralization, layoffs, corporate-program dependence, and closures under CEO Maëlle Gavet. Feld was a founder, director, and Foundry-affiliated owner, but reporting centered on executives and established no personal misconduct by Feld.

Founder fit — who Brad backs

Best-supported fit is a technically curious, self-aware founder with a working product, real users, a non-obvious view of a durable technology shift, willingness to discuss hard facts directly, and an ambition to build a lasting company and community. Feld is especially aligned with founders who value transparent venture mechanics, active but non-controlling boards, mentorship, and giving before taking. Weak fit includes pure science without deployable technology, vanity metrics without customer learning, opaque financing, transactional networking, founders who hide bad news, and teams seeking only capital rather than a long-duration relationship.

Strong signalsWorking product and live customersEarly product-market-fit evidenceDurable technology theme rather than fashionProduct that empowers users or unlocks capabilityDirect, intellectually honest communicationTrust and simple, fair deal termsCoachability without surrendering founder agencyCommitment to community and Give First mentorshipBoard readiness and willingness to surface bad newsAbility to build outside Silicon Valley

['Pure science with no deployable product', 'Slideware unsupported by users or learning', 'Short-term trend chasing', 'Opaque cap table or unnecessarily complex terms', 'Founder who hides bad news', 'Transactional networking with immediate expected return', 'Capital-first relationship with no interest in partnership', 'Unbounded scaling before economics or customer evidence', 'Attempt to exploit Techstars affiliation as automatic Foundry access']

How to pitch

Lead with the product, customer, problem, and evidence. Explain the long technology arc and why now; show how the product gives users a new capability; state what is known, unknown, and recently learned; identify the next financing milestones; and be candid about risks. Keep terms and ownership expectations legible. Describe why the specific Foundry network or Feld's experience is useful, not merely prestigious. Do not imply that Techstars participation guarantees investment. Foundry's final-fund status also matters: the firm continues investing from Foundry 2022, but founders should verify current capacity, responsible partner, and timing.

Stages: angel, seed, Series A, Series B, select growth and follow-on, venture-fund commitments · Sectors: software and internet, developer and data infrastructure, future of work, B2B technology for underserved industries, consumer networks, human-computer interaction, robotics and connected devices, marketplaces, health and wellness technology, startup infrastructure and venture funds

Editorial inference from Brad's portfolio, writing and public record — not a published mandate.

Investment themes

8 documented themes from Brad's essays, talks and portfolio, grouped by what they say about founders.

More themes5
  • Long technology arcs and thematic investing2008

    Foundry builds deep views around technologies and markets that can generate clusters of opportunities over years.

    For founders: Explain the durable shift and why the product is native to it.

  • Network-driven investing2016

    Foundry institutionalized investment in seed managers and used those relationships as a source of company opportunities.

    For founders: Warm network evidence helps, but does not replace product proof.

  • Trust and simple deals2012

    Feld uses his one-page founding agreement to argue for clear terms, trusted counsel, and focus on material issues.

    For founders: Present a clean cap table, explicit terms, and trustworthy behavior.

  • Give First without transactional expectation2006

    Give First means helping without immediate expectation of return; Feld also discusses boundaries and potential misuse.

    For founders: Seek and provide specific help without treating relationships as transactions.

  • Survival, obligation, and learning after collapse2001

    Mobius and Interliant failures anchor Feld's emphasis on confronting reality, supporting people, and honoring LP obligations.

    For founders: Bring bad news early, preserve runway, and define shutdown or pivot decisions.

Governance & network states1
  • Boards as active founder resources2013

    Startup Boards and decades of board work frame governance as a working relationship, not ceremonial oversight.

    For founders: Show willingness to communicate bad news and use independent judgment.

Health, frontier & community2
  • Entrepreneur-led startup communities2012

    Feld argues durable ecosystems are led by entrepreneurs, inclusive, long-term, and animated by continual activities.

    For founders: Demonstrate contribution to the ecosystem beyond extracting capital.

  • Mental health is part of founder health2013

    Feld discusses depression, anxiety, and OCD to reduce stigma and rejects glamorizing illness.

    For founders: Build support systems and treat mental health as operating reality.

Books by Brad Feld

Podcasts & interviews

featuring Brad Feld

Colorado Innovators: Brad Feld, Partner at Foundry Group

The Bear Roars

Rebooting The Founders' Journey, Brad Feld - Partner at Foundry

The Reboot Chronicles with Dean DeBiase

Tech Scenes Unplugged with Brad Feld, Partner at Foundry and Co-founder of Techstars

Collective Genius

Co-Founder of Foundry Group Brad Feld on The Shades of Entrepreneurship

The Shades of Entrepreneurship

Why Foundry Isn't Raising a New Fund

The Full Ratchet · fullratchet.net

Episode #44 Brad Feld, MD of Foundry Group, VC fund with nearly $3 billion of AUM

Andrew Romans

6 more appearances

Writing

Colleagues at Foundry

Network12

Investors connected to Brad in public investor directories — a warm-intro map.

Frequently asked questions

Did Brad Feld work at Intuit?
No reviewed primary source supports that claim. Feld Technologies was acquired by Sage Alerting Systems/AmeriData in 1993; Intensity Ventures was Feld's personal investment vehicle.
Is Brad Feld still investing through Foundry?
Yes, within a finite runway. Foundry 2022 is the final fund, but Foundry said it would continue initial investments from it and support the portfolio for at least a decade.
Are all Foundry portfolio companies Brad Feld investments?
No. Foundry is an equal collaborative partnership. Strong Feld attribution requires a board role, authored account, filing, or direct statement; fund ownership is not automatically personal ownership.
Are all Techstars companies Brad Feld investments?
No. Feld co-founded and serves on the board of Techstars, but accelerator vehicles made the investments. Foundry also invested in Techstars and selected alumni; those are separate layers.
What happened to Mobius Venture Capital?
The dot-com crash damaged later funds. The partners chose in 2006 not to raise another fund, while Feld and Jason Mendelson continued managing legacy assets for LPs.
What does Feld look for in founders?
His writing and Foundry guidance support technically curious, trustworthy founders with a working product, live customers, early product-market evidence, a durable technology view, and willingness to discuss bad news directly.
How should a founder pitch Feld or Foundry?
Lead with product, customer evidence, market shift, learning, risks, and milestones. Explain why Foundry is specifically useful, keep terms clear, and verify current final-fund capacity.
What failures are material?
Interliant went public and then failed; Feld says Mobius's second fund was a disaster, later funds struggled, and more than a dozen companies shut down. He treats these as formative rather than minimizing them.
What controversy is documented?
Techstars faced 2023-2024 criticism over culture, centralization, layoffs, corporate partnerships, and closures. Feld had founder, board, and investor connections, but reporting did not establish personal misconduct by him.
What has Feld disclosed about mental health?
He has discussed OCD diagnosed in his twenties, anxiety, and multiple depressive episodes, including a hidden depression around the 1993 sale and another in 2013.
What books has he written?
His nine books are Do More Faster, Venture Deals, Startup Communities, Startup Life, Startup Boards, Startup Opportunities, The Startup Community Way, The Entrepreneur's Weekly Nietzsche, and Give First.
What awards has he received?
No major formal personal award was verified in reviewed primary sources. Current official biographies emphasize roles, books, nonprofit service, running, and investing rather than awards.
Who is Brad Feld?
Brad Feld co-founded the Boulder venture firm Foundry and the accelerator Techstars, after earlier partnerships at Mobius Venture Capital and years of angel investing. He is equally known for his writing, including Venture Deals, the standard reference on term sheets, and a long-running blog on startups, community building, and mental health.
Where does Brad Feld work?
Brad Feld is Co-founder of Techstars and Co-founder & Partner at Foundry and Board director at Molekule and Board director at Somerville, MA and Board director at JumpCloud.

Paths to reach Brad

People who overlapped with Brad at the same organization — a shared school or employer with one of them is a warm way in.

Same school