Posts from 2016

The Oligopoly and Crony Employeeism

I posted this chart because my friend Arnold posted it on his Facebook. But, it’s a metaphor for everything in America these days.  Massive companies dominate every industry.  I’d urge everyone to read Professor John Cochrane’s essay on economic growth. …






Advice For The Next President of The United States

The election is Tuesday.  Personally, I don’t like a lot of parts of this election.  But, someone is going to win.  I really love what Eugene Fama has to say in the video I posted below. Where do I come …






Mmmmmm Bacon

We are still recovering from the Cubs if you can believe it.  We had a lazy day yesterday.  I have been making my own bacon for a while now.  We haven’t bought store bacon for a long time.   My …






Introductions to Companies

There are several schools of thought on introducing companies to other potential investors. I don’t know where I stand on it. I do know that almost everyone likes the double opt in introduction. Definitely follow those guidelines.  But, then it gets …






Still Basking in Cubs

The big parade in Chicago is today. Last night, around midnight people started showing up. I heard them screaming out on the streets. Currently, there are helicopters flying around Grant Park and sirens. Overnight, all through Grant Park, they put …






World Champs

Wow I was at game 7 in Cleveland. It was gut wrenching. So fun. I cannot believe that the Cubs are World Champs. There is a lot that can be written and will be written about the Cubs. However, I …






We’re On A Mission From God

I am road tripping to Cleveland today. Game 7. Every Cubs fan has a short story. Here is one short one that I can tell you which ties into the title of this post. I grew up with a bunch …






Success Begats Easier Recruitment

It’s often said that great teams build A+ companies.  In Ben Horowitz’s book, “The Hard Thing About Hard Things”, he stresses how entrepreneurs need to recruit A players. Yesterday, I blogged about Riskalyze and their recent funding round.  They did …






Riskalyze Announces a Funding

One of the companies I am invested in is Riskalyze.  They announced a new venture funding round today.  FTV Capital invested $20M for a minority stake. Aaron Klein is the CEO.  It’s great news. Riskalyze is a B2B Fin Tech company. …






A Brilliant Thing Happened In Champaign

Yesterday my wife and I drove down to Champaign.  She was in a sorority, and her friends were getting together.  The Illini were playing Minnesota for Homecoming. Illinois football has a long way to go before it’s going to be …






Here’s Something Hopeful

After the latest news on the dumpster fire of a political election, and the Cubs loss I thought you might like to see something hopeful. Elon Musk unveiled solar powered shingles.  The idea isn’t new, but the ones he unveiled …






There Is Hope

I was reading Peggy Noonan’s column this morning.  I don’t always agree with her, but she is a terrific writer.  Very thoughtful.  One thing she wrote today stood out to me. When asked to describe the America they want, they …






What Is The One True Thing You Know?

I am a seed investor.  When we meet with entrepreneurs about their businesses, we speculate a lot about the future.  Where can the business go?  How big can it get?  Who’s the customer?  How many?  In those conversations, you start …






Mass Transit Redux

There is a working group rethinking Chicago’s mass transit system. Historically, the “El” or “L” was built using private money.  Of course, that is probably impossible today.  Outside of my apartment on Wabash, they have been reconstructing the L for …






The State of Illinois and Bitcoin

A lot of governments are fighting bitcoin/blockchain.  Not in the state of Illinois.  Governor Bruce Rauner is embracing it.    This is very important for a lot of reasons.  I believe that bitcoin/blockchain is going to be a massive part …






Where VCs Are Putting Their Money

What’s the next big thing? If you knew for sure, how much money would you plow into it?  The WSJ asked that question of several venture capitalists.  Interesting answers.  One tip, if everyone agrees on what the next big thing …






#FlytheW

No words. Everyone has a Cub story. All the people that lived, and died and never saw them win. I used to hear the lament of fans of other teams, like the Red Sox. At least they were actually in …






When Are You An Entrepreneur?

Entrepreneurs think differently. They go through life, see problems and try to fix them.  There is a chasm that they cross. They go from being just a person, to an entrepreneur.  When does that happen and do they even realize …