Posts from May 2016

The Midwest Startup Ecosystem Supply Chain

Yesterday, I saw another survey on colleges.  Their methodology is linked here.  They seem to come about this time of year.   Kids are thinking about which school to attend, or have made a decision.  Many are thinking about which …

Chicago And The Sharing Economy

There is a big debate happening in Chicago political circles right now on the sharing economy.  So far, Mayor Rahm Emanuel has stood on the side of the sharing economy and I am glad he has. Politicians and regulators want …

The Lucas Museum in Chicago

I have watched the Lucas Museum debate in Chicago rage back and forth.  I have been a highly interested observer.  Friends of the Parks has stopped it.  Some have said, “not there” but do it in a neighborhood that needs …

Taking Brokerage One Step Further

Yesterday, I blogged about how brokers of all kinds were under assault.  I wanted to highlight one point that wasn’t in yesterday’s blog.  In Web 1.o, all kinds of platforms were being built to disintermediate brokers. I remember seeing B2B …

Assault On The Brokers

If you are in a job that can basically be reduced to brokerage, it’s vulnerable to being automated.  I watched as pit brokers and people that ran desks on the trading floor got their jobs automated.  Those people used to …

Some Mountains Are Too Hard To Climb

Startups are really hard to execute.  If it were easy, everyone would do it.  Businesses are hard to build.  Money has value, and it’s hard to get customers to part with it.  Startups are even harder than a lot of …

This Summer In Chicago, It Could Be Interesting

Yesterday for Mother’s Day and my birthday our family went to the Cubs game.  We are a Cubs family. The west suburban neighborhood I grew up in was a White Sox neighborhood.  But, ironically most of my boyhood friends were …

CPS Solution to Fiscal Crisis in Chicago

As a citizen of the city, and a person that wants to see it prosper, I am open to a lot of ideas on solving the fiscal crisis government officials have built.  Chicago Public Schools are $10B in debt.  That’s …

Questions, There Are Questions

Recently I saw a tweet about “Venture Deals”.  I clicked on the link and decided to join a free class taught by Brad Feld and his partner Jason Mendelson.  They do it along with the Kaufman Fellows program. It’s a …

The First Ten Hires

One of the things that is totally underestimated by startups is hiring.  Hiring is a total pain in the ass.  However, it’s a skill that will make or break the business.  Interestingly, in Chicago there are a lot of startups …

To Be Or Not To Be Public

It’s hard to take a company public in the US.  Accounting costs go up.  It’s expensive  to go public.  There are bills to pay to lawyers and bankers.  But, I think it’s great for startups to go public. The US …

Do You Want To Raise Mark Zuckerberg?

Yesterday, the Wall Street Journal had an article on how to raise an entrepreneur and they used the same clickbait headline I did, Mark Zuckerberg.  I am all for raising entrepreneurs and I think what Mark Zuckerberg did with Facebook …

High Frequency Trading Does More Than Trade

One of the things that economist Tyler Cowan says is There are Markets In Everything.  People have lost faith in markets but indeed there are markets in everything.  Markets are the best way to allocate capital or assets known to …

How Much Money Should You Raise?

One of the tough things about being a first time entrepreneur is figuring out how to fund your company. Here are a few blogposts about fundraising. This is a link to a series of them from Ask The VC. Everyone has a …