Posts from October 2017

The Responsibility of The Director

When you sit on a Board of Directors, you have a lot of responsibility. It should never be a passive activity. At their worst, directors can be overbearing burying themselves in the minute details of the business. They can be …

Don’t Beat Yourself

Doing a startup is hard.  It’s one of the hardest things anyone will ever attempt.  A few people come together and try to execute on a single idea that hopefully can become a multi-million dollar company.  It’s absolutely brutal and …

Where Disagreement is Embraced

Monday, the Nobel Prize for Economics was given to Professor Richard Thaler of Chicago Booth.  He has been on the Booth faculty since 1995.  It’s notable because it is another Nobel Prize in the trophy case for a Chicago economist.  …

Baseball Is The American Game

I was at the Cubs game yesterday. As I was watching, I thought about how American baseball is. My European friends don’t care for baseball. Too boring and not enough action for them. There is no time clock. You are …

The Vines Are On Fire

If you are a wine lover like me, you woke up to some pretty bad news.  There is a huge fire in the Sonoma Valley.  It’s spread to parts of the Napa Valley.  The wineries are on fire. I was …

A Thought About The Pitches

Yesterday I blogged about the pitch competition I helped judge.  I had some thoughts while I was judging it.  The confirmed a lot of the gut feeling that I have had over the years and solidified them. The most militant …

Judging

This afternoon I am judging a pitch competition here in Chicago at mHub.  It’s the 10th China Shenzhen Nanshan Entrepreneurs Star Pitch Competition.  Here is the agenda. 8:30 AM – 9:30 AM Registration 9:30 AM – 9:45 AM Opening Ceremony (Welcome …

The MLB Playoffs Are Here

The first time I can say this in my lifetime. Hope the World Champion Cubs can defend their World Series title. As Tom Ricketts said, “Traditionally when the Cubs win the World Series they repeat.” The baseball playoffs are here …

Should You Pay Attention to Bitcoin? Yes.

Nice video explaining why. Clearly, Chris is talking his book. His firm a16z has made several bitcoin investments. But, it doesn’t matter. This is happening and it’s picking up speed. Have you heard of the social network Steemit? 350,000 accounts. …

The Power Is Gone From Late Night

When I was growing up, almost every adult I knew watched Johnny Carson.  He was the true King of Late Night.  Why?  Back then, there were few alternatives to passive entertainment.  You could watch stuff on other channels but it …

Evolution of Equities

With Goldman talking about entering the Bitcoin trading arena, I thought this podcast might give you a view into how they think about markets. Understanding the different regulations and the effect they had on the competitive landscape is important. Currently, …

The B Corp Trend

When we were discussing the future of work in Italy at the G7, we discussed B corporations. Here is a link to learn more about them.  They have been around for a number of years.  Some startups like Kickstarter have …

How Honest Are You With Employees?

If your company is undergoing challenges, do you share it with employees?  This is a very very hard question to answer.  In some places, the competition for talent is so intense if you are too honest you will see everyone …