Posts from May 2016

Bitcoin and Anarchy

A lot of people think that if Bitcoin is adopted it means anarchy.  I don’t think that is correct.  I was reading “Is Bitcoin The World’s Next Major Currency?” in Chicago Booth’s Capital Ideas magazine. Sorry, no link to the …

Memorial Day 2016

All kinds of things you can do to remember the ones that didn’t come back.  I saw Facebook had a thing for me to share on my wall.  The problem was it was to remember vets, not to remember the …

Taxing Trump

There are a lot of inconsistencies in the American tax code.  Anyone that pays taxes knows it.  Some are put there because the writers of the tax code want to be “fair”.  What I have found in my life is …

Transaction Taxes, Now Being Debated In Illinois

Why do politicians always want to get between people and their money?  I was listening to an Uber X driver last night.  She was at wit’s end.  She had no job prospects and she was losing everything.  She didn’t want …

Should Your Company Go Through An Accelerator?

Yesterday, I was up at Detroit Startup Week.  I was listening to a panel of Fin Tech entrepreneurs and stayed for the Q+A.   One of the questions was on accelerators/incubators. I think this is an excellent topic.  Lately, a …

Ballparks, Culture and Hope

I am up in Detroit, MI.  It’s Detroit Startup Week.  Detroit is trying to build momentum around their startup community.  I am happy to support them.  What’s good for Detroit is good for every other Midwestern startup community. Downtown Detroit …

Detroit Startup Week

Today I am driving to Detroit.  It’s around a four hour drive.  I am headed up to be on a panel for Detroit Startup Week.  I am happy to do it.  The better the startup community gets in Detroit, the …

How To Go From Angel To Fund

Since 2007, I have been an angel.  I started up Hyde Park Angels with every intention of doing a fund.  Raising a fund is brutally hard.  It’s probably harder than raising money for a seed stage company because at least …

The Future is Going to Be Micro

Technology is remaking society in ways we never thought it could.  At the turn of the 20th Century, technology changed the way we work and industrialists created large systems of manufacturing. Huge cities sprung up around the large systems.  Commoditized …

Appreciating All Aspects of Innovation

Chicago’s startup ecosystem is starting to build.  People are actually coming to Chicago to start companies.  For years, it was the other way around.  Historically, it’s always been an innovative city.  The businesses were meat and potatoes type businesses, meaning …

Keeping Score

Managing people in your company is a relationship.  In relationships, lots of people keep score.  This is why a lot of marriages fail.  When I was trading on the floor, most people assumed it was just about the numbers.  It …

I AM THE KING

I love playing Cards Against Humanity.  My kids gave me a Cards Against Humanity gift this Christmas.  It was actually a Hanukkah gift!  Today, May 20 from 12:21 pm CDT to 12:24 pm CDT, I am KING. To be king, …

Platforms, Network Effects and Politics

How do you win in winner take all contests?  Network effects.  But, network effects are really really hard to get going. What’s a network effect?  Additional users make a service more valuable for everyone.  When I search on a platform …

Are You Right For Venture?

Had a bunch of meetings with some interesting people the last few days.  I was perusing Twitter and I saw Hunter Walk tweet this: @bryce …are really talented founders/team for what they’re building & have shot at profitable, sub $50m …

Bayer and Monsanto

Last evening I saw Bayer made an “unsolicited” bid for Monsanto.  People should understand how Bayer can afford to swallow up a company like Monsanto. Bayer has a market cap of $73.6B.  Turns out selling aspirin is a good business! …

The Business Blockchain

My friend William Mougayer wrote a book called The Business Blockchain.  It’s a great book for anyone looking to understand what the whole Bitcoin thing is about.  I have blogged about Bitcoin in the past.  It’s highly interesting to me …

The Path To Exit

How do you get an exit?  A lot of the startup blogosphere talks about getting into a startup.  But, at some point you have to get out. Personally, I am very dismayed about the length of time companies are staying …

Founders Coming Together

One of the things that trips up seed companies is founder issues.  Seed companies come together in all sorts of ways.  Some come together on hackathon weekends.  Some are just classmates.  Sometimes it’s friends.  I have also seen two co-workers …