Posts from 2017

Hey, Want A Job Starting and Growing a Hedge Fund?

Recently, WLV closed on our second deal, CFX.  CFX is a two sided marketplace that trades illiquid assets. If there is anything that me, my partner Kenny and the majority of our LPs know is where to identify a trading …

The Bitcoin Future

Yesterday CME announced they were going to list Bitcoin futures.  I was surprised it took this long.  For entrepreneurs, it shows how slow big corporates move to make decisions.  It also shows that when they decide to move, they create …

Where The Puck Is Going With Big Data

  My friend Phil Coover has a podcast called “Real Estate for Breakfast”.  Recently Megalytics one of West Loop Ventures portfolio companies was on the show.  Here is a link.  If you know someone in commercial real estate, send them …

We Need More Entrepreneurs

Entrepreneurship is in decline in America.  Here is some data from the Kaufmann Foundation. There are a large variety of reasons for the decline in entrepreneurship. Chief among them is the risk-taking appetite of the Millennial Generation. It’s not there. …

A Talk by Manouso

My wife and I have been actively doing Iyengar Yoga for over three years now.  We go 2-4 times a week.  On Sunday, the class we go to is two and a half hours long.  We try never to miss.  …

February Get Away

My wife and I are empty nesters.  We like to get away from the Chicago winters for a bit. It’s good to get away to get a different perspective.  One year, we went to Orange County.  Liked it.  Really wanted to …

What’s A Characteristic You Have to Posses To Be a VC?

Last night I spoke to an entrepreneurship class at Chicago Booth.  When I speak at classes, I never bring a Powerpoint.  I usually open up with a little bit about how I got to where I got, and then open …

Should You Own Your Data?

If we look at the way the internet has developed, massive juggernaut almost monopolistic companies have been developed.  They don’t pay for their resources.  Each of us willingly gives them resources for free. Google and search, Facebook and your life, …

Intersection of Digital, Design, and The Future of Work

Last night I was on a panel at IIT’s Stuart School of Business. The panel talked about the intersection of the future of work, design, engineering, and digital.  The crowd was diverse, and the panel had diverse experiences and degrees. …

People Gotta Eat

The video above is eye opening if you don’t understand modern farmers.  When I traded, we had a fair amount of traders on the floor that grew up on a farm.  They’d be the first to tell you farmers are …

Dividing the Equity Pie

One of the hardest things to do in early stage startups is dividing up the equity.  I have been asked for advice on this from time to time but I never had a good answer.  Mike Moyer, who teaches entrepreneurship …

The MBA and Venture Capital

Ran across a piece where the University of Wisconsin said they were starting to think about dropping their MBA program.  Big Education is in a tough spot.  It’s expensive to go to college these days.  You can find ways around …

A Great Discussion on Churchill and Orwell

I thought this was a great discussion. Hope you enjoy it too. Yesterday I was at a lunch and picked up a book on Winston Churchill called “No More Champagne”. Churchill saved western civilization almost singlehandedly.   The author David Lough …

Is There A Problem With Short Term Trading?

One thing that is interesting to me is the diatribes against short-term trading in markets.  If a trade is made and exited in the blink of an eye, does it hurt the company or the market?  A lot of people think it does.  …

Coase Rules

One concept that believers of centralized economies detest is the theory of Ronald Coase.  Coase Theorem is one of the most important economic theorems out there.  In fact, it’s what I would call a bedrock theory.  A lot of classical …

The Tipping Top

One thing I have noticed in startups is if things start to spin out of control, they tend to stay out of control.  Like a top that gets off kilter, the startup rarely seems to recover.  It will be interesting …