This is usually for good reason. The leadership team of the company that are responsible for reporting to the Board are typically “heads down” working very hard on moving their company forward and reporting to the Board a bunch of financial data is the last thing on their mind for much of the quarter. But these Board meetings are not only beneficial in one direction — they also provide the heads of the company a time to take a good look at their financials and do some thinking on their own. Without the deadline of a Board meeting looming this would be done less and less often and that could lead to big problems should small problems not be caught early enough.

Fred Wilson’s MBA Monday series of posts today had one on calculating Burn Rate (the amount of money a company is purging without recuperating it) and in it he says that, as a Board, they’ll do sanity checks on the data reported by the company to be sure everything adds up.

“Whenever I get a version of this more sophisticated calculation of burn rate, I always do a sanity check by comparing to the “back of the envelope” method just to be sure they are in the same ballpark.”

These sanity checks are a good thing for the company to do beforehand so that the Board doesn’t need to call you out on it. I’ve seen this happen many times. We’ve reported numbers that we thought were just fine only to find out something simply did not add up. Partially because the people that were putting together the numbers were staring at these numbers for hours and hours at a time. Sometimes things can begin to get fuzzy. That is why these “back of the envelope” sanity checks that Wilson suggest are so vital. They are simple calculations that can be done just to be sure the other, more complex, calculations are even close. This will save you a lot of time and embarrassment.

As a side note, I’ve never been envious of being the person responsible for putting all of this data together. I’ve never been tasked with that responsibility and I’m glad for it. But I think it is an excellent exercise for anyone in the company to have a crack at running through the numbers and pulling your hair out a bit while doing it. You’ll learn a lot.

When lunch break hit, I was hurting pretty badly. So I ended up sitting just outside the Swedish American Hall for a while and finally, while Om and I were speaking outside, Om said: “Go get some rest buddy.” Good advice.

That is Om in a nutshell. Easily one of the nicest and hardest working guys around.

His and Fred Wilson’s post made me try to figure out exactly when I began blogging. My best guess is somewhere in 1997. Unlike Om I haven’t been blogging every single day and I only made my living on blogging for a short period of time in these last 14 or so years. Someday I’ll have to write up my experiences though… it’d be fun.

“In the past week, the daily visitors at AVC have gone from an average of 10k per day to over 20k per day. Where is it coming from? Well the answer to that is pretty obvious – StumbleUpon.”

I too am seeing an increase of traffic to this site from StumbleUpon (though not nearly as much an increase as Fred has). StumbleUpon is obviously growing.

I even called Zach Inglis out for his tirade against the Tumblr team. Now I’m thinking, perhaps, he was completely justified. Or, maybe, I spoke too soon. However, I also believe that the Tumblr team (or perhaps just the investors) and its core users want two very different things for Tumblr.

One of Tumblr’s main investors and mentors has been Union Square Ventures. USV is an incredibly adept team of venture capitalists who, for the most part, have made some excellent bets over the years and whose opinions I respect. Put simply, guys like Fred Wilson “get it” without even breaking a sweat. Well, at least he makes it look easy. That being said USV obviously cares very much about the success of Tumblr – I just believe it is a different type of success then what the core users want. Investors, by and large, want to see growth and eventually profitability while core users want stability and for things to work better and better over time for them.

In early 2010 USV reupped their bet on Tumblr by “doubling down” on them. They’ve put a cool $10m into Tumblr alone. Wilson, in his post in April 2010 about how Tumblr had gotten to 1bn pageviews per month, wrote a very short reason why they’ve made that bet.

“There are some lessons here. First, make your software super easy to use. Second, you don’t need hundreds of employees to build a big time web service. You can keep it lean and scale if you have the right team. That’s how Tumblr got to a billion page views and we just made a bet that they will be able to take that number a lot higher.“

Emphasis mine. USV thinks that Tumblr can increase the number of pageviews from 1bn per month to, well, a lot more. And they think that will help their investment. They don’t care, too much, about how the service gets there just that they increase that number dramatically and – I can only assume – get a much larger round of financing or exit.

I’m not saying that USV doesn’t care if Tumblr gets their downtime in check. You can’t serve 1bn+ pageviews per month if you’re down. I think USV cares very much about the stability of the Tumblr platform – I just think they are focused on the wrong thing which could end up trickling down to the Tumblr team. If the Tumblr team is focused on metrics they will end up losing what made Tumblr’s team so great to begin with – the passion for making something great, simple, and different from everything else out there.

I could be dead wrong. Perhaps the team at Tumblr is focused on exactly that and that the dreams of the investors don’t trickle down too far. I hope USV (and the rest of the investors in Tumblr) understand very well how to stay out of the hair of the core team so that they can continue to do what they are great at. But there must be some reason by Marco Arment (one of the 2-man-team that made Tumblr great to begin with) left to do his own thing and continuously touts that he doesn’t want to take investment for Instapaper. Is he jaded? Has the Tumblr team “sold out”? We’ll see.

Oh, and I’m not picking on Fred Wilson either. I would point to other Tumblr investors that have commented about the growth of Tumblr, like Bijan Sabet, but he powers his blog with Tumblr which means his search simply doesn’t work. Maybe he’s hoping that the millions of dollars that his company Spark Capital has invested in Tumblr will fix that?

Again, I hope I’m wrong and I want Tumblr to succeed. I love the service and would pay money to keep it up and stable. Lets hope someday they give all of us the opportunity to do just that.

I think I can spot a winner too, honestly.

Take the Mac for example. When I switched I told everyone I knew that they should switch to the Mac. Most people gave excuses (some good, most not) about why they “couldn’t switch” or “it wouldn’t work for them”. Now nearly everyone that I suggested the Mac to has at least one in their home as well as an iPhone and I wouldn’t doubt an iPad is next. Oh, and they’re all on Twitter too.

To them I say – I told you so.

In no particular order:

The best blog: A VC by Fred Wilson

Credit: Randy Stewart, blog.stewtopia.com

This year’s pick for best blog did not come easy. I’ve chosen Fred Wilson’s blog, A VC, for a number of reasons. First, he writes very often. In a post about his own tips for bloggers he says to write every single day and I believe he comes fairly close. But that isn’t what makes his blog great. Somehow, even though he manages to write nearly every single day, he consistently writes extremely open and revealing posts about the world of venture capital and business in general (with music and other personal interests thrown in for good measure). It isn’t the quality of the writing, per se, it is the quality of the insight. As someone who has been involved in a few strong startups I can say that somehow Fred manages to hit the nail on the head more often than not. Even when he misses (in my opinion) and hits his thumb – he somehow brings the post that he’s writing back into a realm where you can see his point and believe that he’s probably right and you’re probably wrong. It is an art that I have never mastered.

If you are building your own company it is a must-subscribe. No question.

The best podcast: Fresh Air with Terry Gross.

I’ve gushed about Terry Gross so much this past year I’m sure you all think I’m hitting on her at this point. Maybe I am. But she deserves it. But the show isn’t just her. She must have a fairly good team behind-the-scenes that puts together her show each day and, ultimately, packages it for the podcast.

I don’t listen to many audio or video podcasts on a regular basis but I have been subscribed to Fresh Air for a few years now and I don’t see myself unsubscribing any time soon.

The best new blog: Letters of Note

Letters of Note is pretty much the perfect blog. Blogs, unless they are personal journals, should focus on a very specific topic. You’ve probably noticed that the most popular blogs are focused on technology, gadgets, startup companies, knitting, cooking, design, etc. There are very few popular blogs that focus on many things while there are a ton that focus on one thing. Letters of Notes knows where it fits and focuses on a really fascinating topic; letters, notes, memos, and even telegrams that are in some way notable.

I have yet to come across an uninteresting post at Letters of Note.

Honorable mention in this category includes Liz Danzico’s Bobulate (which is a personal blog but one that could have easily won this award this year). I’m hopeful that the Panic blog makes this list next year.

The best blog redesign: Pat Dryburgh.

Online friend and fellow aspiring thin man Pat Dryburgh recently redesigned his Tumblr-powered Weblog and I think he did a fantastic job. Pat’s simple logo, as an example, is inspiring. The work section on his site is very well done (I like the bit where you can get to any work from any work). I’m not too keen on his heading weights but besides that I really, really appreciate a well designed personal Web site that feels, personal.

More people (myself included) should have a Web site that oozes their personal brand. I believe last year’s winner, Jason Santa Maria, would agree with this year’s pick as well.

The best blogging platform: Tumblr

Although my personal blog is still running well on WordPress I’ve been thoroughly impressed by what the Tumblr team has done this past year. They are continuously rolling out excellent features that help them both catch up to and surpass the competition.

Where does Tumblr fit? I believe that Tumblr is the best choice for new bloggers while WordPress is still the better choice for those of us that like to get our hands dirty. If the Tumblr team keeps up their current pace, I could see that changing in 2010.

The best service: Instapaper.

On today’s Web new reading material comes from every direction like a barrage of arrows from an invading army. Accept that these arrows are tipped awesome words rather than steel dipped in poison. Twitter, Facebook, your favorite feed reader, your best friend via instant message, and even your mom via email. These are all new sources of great things to read. But this poses a problem. You didn’t have time to read before and you certainly don’t have time to read now. But, maybe, just maybe, you’ll find some time to read later.

And that is where Instapaper comes in. Instapaper is comprised of a simple bookmarklet, a Web site, an iPhone application, and many other small pieces that are loosely joined together to give you a place to keep a stream of things you’d like to read later. Then, when you’ve found the time, you can read them. Wherever you’d like to. When you want to. On your iPhone, Kindle, computer… anywhere. Awesome.

In November I described it as drugs without the side effects. Use it. Abuse it. Become an addict.

The best mobile Twitter client: Tweetie 2.

My pick for best mobile Twitter client is consciously nearsighted, being that I’m an iPhone user and haven’t played much with other mobile platforms, but I’m fairly certain that my pick is still the best. You probably thought that I was going to say Hahlo. Last year I did. And this year Hahlo has seen some incredible updates, with 4.1 being released just this week, and I still think it is absolutely fantastic. But, Tweetie 2 steals the crown for a few simple reasons. On my original iPhone (yes, I still have an original day one iPhone) Hahlo can not perform nearly as well as Tweetie. To no fault of its own. As John Gruber recently covered, in his usual thorough manner, iPhone web applications simply can not perform as well as native applications due to drawbacks within Webkit.

Tweetie 2 for iPhone is brilliant.

The best book: Cesar’s Way by Cesar Milan, The Dog Whisperer.

If you follow me on Twitter than you probably know that I’m a very big fan of Cesar Milan who is probably better known as The Dog Whisperer. One of the books I read this year was Cesar’s Way. The book chronicles Cesar’s rise to the point he is now; author, TV host, Dog Whisperer. I’m not choosing this book because of Cesar’s literary prowess, I’m choosing it because I believe that Cesar Milan understands dog psychology better than anyone and that he does a great job relaying that information through his books and TV show.

Although I do not have any dogs at the moment we had a few dogs growing up. I come across dogs quite a bit in my life now so having the basic knowledge of how to deal with dogs, read their body language, and be calm and assertive has served me well since reading the book.

The best browser: Chrome for Mac.

I’ve been using a nightly build of Chromium for about 2 months now and I’m addicted. Even though the browser is severely crippled feature-wise due to its “beta” status (it is missing a bookmark manager, proper import/export, and has a few UI niggles on the Mac) I’m addicted to the speed. I haven’t seen any benchmarks to support my claim but on my Macbook Pro Chromium seems much faster than Safari.

It shares some drawbacks with Firefox but so far speed is the winning feature of browsers.

All that being said about Chrome on the Mac I could easily see one update from the Safari team getting me to switch back to Safari. No new features needed, just make it faster. Ok, the tabs on top is a nice touch too.

The best Twitter account: @Jon_Favreau

I know, a celebrity Twitter account being the best? Keep in mind, this is my list, not yours. The main reason that I enjoy Jon Favreau’s Twitter stream is because it is really him. There are a number of celebrities that have people “managing” their Twitter accounts or they only use their Twitter accounts strictly for promotion of their projects. Favreau strikes a good mix of personal, business, and communication tweets. We should all aspire to do the same.

The best email client: Mobile Gmail.

Mobile Mail.app on the iPhone is an adequate and capable mail client. However, if you have a Webkit powered browser on your mobile device I suggest giving mobile Gmail a spin. In a pinch, it works remarkably well and is arguably the best email client on any mobile device.

So, this is the best of 2009 as told by me. I’m sure I’ve left a few things out. But subscribe to my site or follow me on Twitter because I’m sure that I’ll be mentioning some great things throughout 2010 too.

Thanks for reading, see you next year.

Fred Wilson commented on my blog. I’m celebrating a bit.

I’m sort of following Fred Wilson‘s lead here (simply because he did it first) but I’ve been thinking about explaining my somewhat odd avatar for a while. The story of Fred’s avatar is much more interesting so I’ll forgive you if you leave to read his instead of mine. *sniff*

My avatar is meant to be a metaphor. Back in the late-1990s we had a time period of business in the world of technology known as the dot-com bubble. Although not for the same reasons I felt some of the effects of the bubble bursting. I had several opportunities that otherwise dissolved during that period.

So, here we are in the now late first-decade of the 21st century and I’m onto other things. Many lessons were learned during that bad time period by everyone involved. Whether or not your company was built on speculation or not – if you made it through the late-90s you no doubt learned something. I know I did.

So now we hold the bubble. It wasn’t in our hands then. Well, it certainly wasn’t in mine at the time (I was only 19). It just got bigger and bigger and then burst. But now the bubble is pressed firmly in my hands, your hands, our hands. We have the control of whether or not it bursts. A bubble made with good materials can get quite big indeed without bursting.

So, that is why I chose my current avatar. I’m holding the bubble. I’m controlling it. I’m not going to let it burst. Yeah, I went there.

Photo credit: Eliza.