Posts from February 2016

Some Wrongheaded Policy On Minimum Wage

Politics are local.  Often we hear Republicans say they want to return power to the states and cities where politicians are more accountable.  Milton Friedman also believed that.  But, they better practice what they preach. The state of Alabama has …






Letters to Shareholders

Letters to shareholders or stakeholders in your company are important.  For startups, I like to see them at least once a quarter.  For startup CEOs it’s a way of maintaining the relationship you worked so hard to establish with investors. …






When Failure is Good

No one likes to fail.  On the flip side, in the startup community we probably romanticize failure too much.  The truth is it sucks.  But, it should not be a road block to never trying again. A free enterprise capitalistic …






How Big Should Government Be?

One of the things that neither party has really talked about is how big government should be?  The candidates speak in platitudes.  But, there are real issues on the ground right now that are a microcosm of what this issue …






Why Is Life Today Going to Be So Much Better Tomorrow?

When I speak at colleges, I often tell the students that I am jealous.  I am jealous that they are young.  It’s not because I miss dunking or because I miss other physical aspects of being young.  It’s because it’s …






Letting Employees Go

One of the toughest things to do as a startup CEO is let employees go.  In many cases, some people that think they are cut out for the startup life aren’t.  They let themselves go. In other cases, a founding …






Is Twitter Wrong To Ban Conservative Speech?

Twitter is taking action against conservatives.  It is taking away verifications on conservative accounts.  It is also suspending the accounts of conservatives. Twitter is a public company, but it’s also a private company.  It can do what it wants.  The …






People Should Be Able to Fully Express Themselves

We are traveling. When I am not driving I surf. I saw a very interesting article I wanted to share. Michael Pollan is a food advocate. I have seen his shows and read his articles. He brings up some great …






Best Kind of BBQ

Curious,  What is your favorite kind of BBQ?  My favorite place in the US is the Germantown Commissary in Memphis, TN.  But, I can be cajoled into trying others to see if they match up. In Kansas City I have …






Business Culture; Is It Okay to Layoff Employees?

Valuations are under pressure in Startup Land.  The fissures in the world markets and the .25 increase in interest rates caused a bullwhip effect in valuations.  It seems everyone woke up at once.  There has been a lot written about …






Getting Away

Now that the kids are moved out, graduated, and on their own, my wife and I have an empty nest.  My friend Joanne Wilson has written about what to do with an empty nest.  She and her husband leave the …






Liquidity Versus Illiquidity; When Does It Happen?

One of the things you will hear people involved with markets talk about is liquidity. Liquidity means the ease at which you can unload a position.  A lot of people equate liquidity with volume, and there is certainly a correlation, …






The Flow; How Do You Get In The Zone?

Holidays bug me sometimes.  Today is President’s Day.  Virtually everything in my world is shut down.  My wife and I were talking to another couple the other night, and one thing we were talking about was the zone.  The flow. …






The Real Reason Losing A Judge Like Antonin Scalia Hurts

When Supreme Court justice Antonin Scalia passed away suddenly, social media lit up. Of course, most people will focus on the abortion issue. Scalia didn’t see a right to privacy in the Constitution. Abortion supporters detested him. Pro-life people loved …






The Mashup Creates A New Business

This past week I was the guest of Jason Jacobson at the Founders Institute graduation  Genevieve Thiers gave a keynote about starting a startup.  She made some interesting points. One of them was that to create something truly innovative, you …