Posts from November 2016

A Chicago Update

I was at a Hyde Park Angels Financial and Business Services meeting last night.  Our group has four focused independent groups inside it that look at deals.  Four times a year, the entire group comes together to see deals that …






What’s The Most Important Thing In a Market?

When you think about markets, what is the most important part of it?  Sellers?  Buyers?  Supply?  Demand?  The product? No, it’s a competitively discovered transparent price. Having a competitive market to discover and transmit the price to the rest of …






Capital and Capitalism

I subscribe to the Social+Capital snippets email.  They are generally great reads with really informative links.  As the country moved closer to the election, their emails got a little more political.  They didn’t lean left-they lurched left.  Cool with me …






Accepting Failure

One of the hardest things to do is accept failure.  Humans are generally competitive.  We like to win.  Intuitively we know that everyone shouldn’t get a trophy.  Sometimes other people do better than us.  We know it deep down inside, …






Hold Their Feet to The Fire

2016 Pre & Post-Election State Legislative Control.Republicans control both chambers of the legislature in 32 states https://t.co/h1Ue5N6A75 pic.twitter.com/deTWFE0RdK — Michael Nardi (@iPublicPolicy) November 15, 2016 Republicans made big time gains over the last several years. However, I am not seeing …






In Person or Online?

We drove back from Detroit today.  My children went to school in the city of Chicago.  Their school and their rival school has a huge networking party the day after Thanksgiving.  They take over a bar and meet up.  It’s …






Happy Thanksgiving

The Thanksgiving story is pretty amazing.  People left Europe to escape religious persecution.  I am not sure a lot of us would take the same risk today.  Sure, we have immigrants come here today.  They escape desperate situations in some …






The Upstarts Are Coming

Brady Dougan is starting a merchant bank.  “What’s a merchant bank?”, you might ask if you didn’t know about financial services prior to 2000.  Merchant banks were mostly consolidated after the repeal of Glass-Steagall. Dougan was the former CEO of …






Medici Cities

There is controversy over “Sanctuary Cities”. I dislike identity politics and that is simply more identity politics. If you want to play identity politics, go ahead. But, soon you are going to be run over by a thunderous herd that …






Repeal Dodd-Frank; Repeal Sarbanes-Oxley

One of the reasons we had the election we did was that people all over the United States are hurting economically.  It doesn’t show up in broad government statistics.  But, I have travelled all over the country and seen first …






You Only Get One Shot!

Was ruminating about Hamilton with my family yesterday.  My wife and I had seen the play in Chicago.  This post isn’t about what happened in New York.  It’s about getting one shot. If you haven’t heard the song, here is …






Draft Kings and Fan Duel Merge

How many more of these kinds of mergers are on the horizon?  DraftKings and FanDuel always seemed like the same exact business to me.  I never used them, but saw their ads.  I am not the target market. Other mergers …






Something Fun

My friend Janine put this on her Facebook.  She was in my MBA class at Chicago Booth.  We can all use a little fun. Come on someone, do this with me! Here it goes… Tattoos……………………No  (not too many in my …






What Should The World Look Like?

In startups, we often talk about constraints.  Constraints are good because they focus your attention.  The old saw, “you can’t be all things to all people” is true.  If you use the “Sham Wow” approach you will burn through all …






Mr Hamilton

My wife and I saw Hamilton last night. It’s playing in Chicago for an extended run. If you get the chance to see it, see it. Tickets are not cheap, but then live theatre never is. In Chicago these days …






This Tweet Says A Lot

Its time to move past the election to new solutions. Eg. can we talk about tech call centers in the rust belt? #letsworktogether — mark pincus (@markpinc) November 14, 2016 I tweeted back that there are a lot of awesome …






News Media

I have seen a lot of my left wing friends encouraging people to read newspapers post election. Some of them have been practically hysterical.  I guess they didn’t read the Wikileaks emails.  Many of them formed their opinions via the …






How Do You Get Your Confidence Back?

My friend Howard Tullman tweeted out one his “truisms”.  Howard is full of wisdom. That is true. I know from experience. Once you let yourself get into the fear cycle, it is a never ending whirlwind to the bottom. The …