Posts from June 2017

Business is Always At The Margin

At the margin is a term often used in economics.   Economists often examine things at the extreme to learn things about the entire situation.  At the margin is a calculus problem.  The answer tells you how much “one more” …

Totally Could Only Happen With Social Media

Social media is supposed to connect us right?  Now it’s being blamed for Hillary getting beat and the Democrats general poor showing at the polls since 2010.  It’s being blamed for stupidity.  Hint, it’s not social media’s fault. Sometimes social …

The Superhuman

I had to share this video. Mike Byster is a friend of mine from the trading floor. Originally, he worked on the floor clerking for his cousin Norm Byster (NBB). Norm used to trade em up and Mike counted his cards …

Entrepreneur to Fund Manager

One of the things college students ask me is how to get into venture.  They see it as a sexy business.  By the way, it’s not. Over the course of the last year, I have had conversations with some very …

I Thought This Was Cool

Last Thursday before the Tech Week party I went to the iVenture Accelerator gathering at TechNexus.  If you don’t know about iVenture, it’s a startup venture lab run by Ryan Singh and Noah Wasserman at the University of Illinois in …

The Human Crisis in Finance

When the electronic age was ushered into financial markets, no one really knew what the knock on effects would be.  The Big Bang happened in London in 1987.  Ten years later, CME introduced the e-mini S&P.  It was ridiculed at …

TechWeek Interview

Why worry about the #EmotionalIntelligence of the entrepreneur? @pointsnfigures w/@westloopv fills us in. #TechWeek… https://t.co/Ip5oKilHxk — MentorMate (@MentorMate) June 23, 2017 It was a New Orleans type night in Chicago so I had to break out the white suit.  Tip …

It’s A Beautiful City

Chicago is one of the most beautiful cities in the world.  I was at a thing all day yesterday and they had a cruise booked for the evening.  Fortunately, we had a beautiful low humidity perfect weather night.  Here are …

The City is The Future

I saw a tweet by Richard Florida that piqued my interest. 1. Lots of people saying driverless cars & deliveries will someone how reduce demand for urban living. — Richard Florida (@Richard_Florida) June 19, 2017 I created a Twitter Moment …

Stick to Your Knitting

There are a lot of reasons startups fail. Many fail because they just don’t find product/market fit.  However, if a startup never finds product/market fit, two things are possible. Perhaps there really wasn’t a problem at all.  The startup is …

The Last Mile in Rural Tech

Over the course of the last ten years, I have spent a lot of time in rural Midwestern and Southern America.  When we drive through small towns, we always wonder what the heck people do there to exist.  Many of …

Switched to T Mobile

Ever since we had cell phones, we had ATT.  I don’t know a soul that loves their cell phone carrier.  Such is the way of life when competition is restricted.  Wouldn’t it be great if the competition wasn’t restricted and …

You Need A Vision

Famous Chicago Architect David Burnham once said, “Make no little plans. They have no magic to stir men’s blood and probably themselves will not be realized. Make big plans; aim high in hope and work, remembering that a noble, logical …

Sunk Costs and Investing

One of the hardest decisions to make when you are investing is whether to do the next round or not.  The first seed round is relatively easy compared to the next rounds.  The seed round is based on some data, …

The Hate Has Got To Stop

I quit writing about politics consciously a while ago.  One reason was that if anyone knows me they pretty much know where I stand.  I am a free market individual liberty loving person.  I trust that individuals can make the …

When You Have No Plan

My wife and I were chatting the other night about the beginning of our marriage.  When you hit the 30 mark, you reflect a little.  One of the things that we didn’t have was an exact plan.  We had notions, …