Notes: The Startup Playbook: Founder-to-Founder Advice From Two Startup Veterans by Rajat Bhargava and Will Herman is a “personal how-to guide for building your startup from the ground up.”  (Brad Feld)

Quote of the Day

"I suspect that people persist in failure because they don’t even know that they are failing in the first place. And they don’t know they’re failing because they don’t record and track their results."

(Michael Batnick)

Chart of the Day

Just because the VelocityShares Daily Inverse VIX ($XIV) cratered doesn’t mean it wasn’t useful along the way.