Posts from 2017

The ICO Craze is Bullshit

I am calling bullshit on the ICO craze.  Was talking to someone who told me a startup with no customers and a skeleton business plan raised mid-double digits in the millions of dollars on an ICO.  They aren’t the only …

The G7/I7 In Torino, Italy

This weekend I will be going to Torino, Italy.  Torino is the site of the information part of the G7 conferences that take place throughout the year.  You can see a link to the entirety of the G7 here.  I …

Is Karl Marx Relevant?

Last night I attended a discussion of Karl Marx at the Economic Club of Chicago.  You might find it incongruent that an Economic Club discusses Marx.  Or, you might think it’s less than satirical that the ECC is discussing Marx, …

Are Ideas Linear in Finance?

Listening to Ben Horowitz speak at the Chicago Venture Summit, he made a point which he’s made before.  Venture capitalists invest in really bad ideas.  But, if those ideas work it would be pretty cool.  He used AirBnb as an …

mHub Pitch Competition

On October 7, I will be at mHub judging a pitch competition.  The details are below.  Hope you can make it.  Here is a link for tickets. Build312 and BASIC (Blue Angel Startups & Innovation Club)are honored to bring the 10th China Shenzhen …

Machine Learning Will Change Our Lives

Finance has been affected by algorithms and machine learning already. The rest of our daily lives will eventually be affected. It scares people. However, if you begin to understand it you might see ways in which it will benefit you. …

Chicago Venture Summit

I was at the Chicago Venture Summit this week.  It was a good event where the Chicago venture community came together.  There were some VCs there from outside of Chicago.  It was nice to see them and I am glad …

Blockchain and Immigration

I have been wrestling with an idea for a while and it’s not fully baked.  I thought I would share it in a blog and see where it goes.  Clearly, it’s an idealized idea at this point but I think …

The Chicago Bitcoin Summit

On October 10, FinTank is going to host a day long Bitcoin summit.  Here is a link to get tickets.  I will be attending.  Hope to see you there. One thing Illinois has going for it right now is that …

Jamie Dimon Says Bitcoin Is A Fraud

There was a lot of shock and awe on my Twitter stream yesterday when JP Morgan CEO Jamie Dimon said Bitcoin was a fraud.  He would fire any employee trading bitcoin for being “stupid.”  The cryptocurrency “won’t end well,” he …

The Robo-Advisor

Over the past several years there has been a slew of robo-advisors introduced to the market. I see the appeal. Part of it is that people don’t know what investment advisors or wealth managers do. They have been satirized for …

9/11

I have a daughter flying today. She says flying on 9/11 should be a safe day to fly. My parents decided to ride out the storm in Florida not listening to the advice of their children. It’s 16 years since …

Some Motivation

My friend’s Paul and Mark posted this video on Facebook. Most graduation speeches are boring. This one by Lou Holtz is not. Since it’s NFL kickoff, and we have a Category 4 hurricane hitting the coast of Florida, I thought …

Why Amazon Should Choose Chicago

Amazon said they are going to set up a second headquarters.  Currently, they are located in Seattle, WA.  Seattle is a great town.  But, for a distribution company like Amazon, it’s located in a tough spot geographically. Certainly, whatever city …

The Bitcoin Bubble

Eugene Fama once said, “You only see bubbles in the rear view mirror.” If you knew it was a bubble, you could take advantage of it in some way and the bubble would never happen.  The only way to “take …

When Does An Investor Intervene?

A lot of investors say they are “active investors”.  It’s almost in every pitch deck you see.  The definition of an active investor is fuzzy.  What’s it really mean? Does it mean you simply lead deals and take board seats? …

Should Google Be Broken Up?

There is a nascent movement afoot to have big companies broken up similar to what Teddy Roosevelt did back at the turn of the last century. If you went to public school, you were educated that the “robber barons” were …