Posts from August 2016

The Grifters

Do you remember the movie The Grifters?  It was a dark movie, but in real life there are people like this that exist.  I have seen them circulate through the entrepreneur community and try to rip off investors and entrepreneurs. …






Best Hot Dog

I was at the Cubs game last night.  My brain is a little foggy.  I almost “walked home” after the Cubs won it.  (See what I did there)  When I go to baseball games, I eat a hot dog.  Wrigley …






Amazon Delivers

My wife and I bought a cabin in the north woods of Minnesota.  It’s way up north, Grand Marais.  The cabin is in the woods on a small lake.  It has running water from a spring on a hill, and …






Two Major Trends to Watch

One of the things you want to do when you startup a business is have the wind at your back.  If you can identify a niche, and ride the wave where it turns into a movement then a big trend, …






How To Fix Capitalism

Since the political campaigns, and even before them, I saw a lot of articles, tweets, comments and other media on how to fix capitalism.  It seems people are really upset with capitalism.  They blame it for income disparity and the …






Has Analytics Ruined Marketing?

One of the most fascinating, and creepy, things with the progress of the internet is the ability to microtarget.  I am an investor in Public Good.  The guys that started it were part of the Obama Tech Team.  I love …






Shorting A Bubble

It’s awfully hard to short a bubble.  Why?  As Eugene Fama says we can only see bubbles in the rear view mirror.  If everyone knew it was a bubble, there would be no bubble.  When bubbles happen, they are awfully …






Exchange Security

One of the things we didn’t worry about too much when I was on the board of CME was security.  We were more concerned with keeping people off the floor than we were about keeping hackers out of the new …






My Time In Little Rock

The past few days I was in Little Rock, Arkansas.  The FIS Accelerator is there and this year was their first demo day.  Turns out, one of my best buddies from my trading days lives in Little Rock so I …






Starting A Business With the Wind At Your Back

One thing that can help entrepreneurs out is starting a business with the wind at their back.  This doesn’t mean they are going with the herd.  You can still start a business and be counter intuitive, or contrarian even and …






Jockeys or Horses?

I am down at the FIS Accelerator in Little Rock, Arkansas.  It’s 100 degrees.  I can see why Hillary and Bill wanted to get the hell out of here.  Fortunately, Carrier invented air conditioning.  Today, ten companies focused on fin …






There Is No Venture Capital Bubble

If there was a VC valuation bubble, it’s largely been pricked. How do I know? Some of it is gut feel. Some of it is that I am not seeing companies ask for extremely high valuations anymore. Some of it …






Maybe This Is the Year

Uh, this was a pretty amazing game if you didn’t watch it. 2 strikes, 1 out. Squeeze in the 12th to win the game. Cubs came back from a 6-0 deficit. It’s an understatement to say they are due….. If …