Posts from 2017

Can You Give a Bad Review?

Lately, I have been pondering something I don’t know the answer too.  Over the course of the last ten years, social media has exploded.  Crowd reviewed sites like Open Table, Trip Advisor, Yelp, Foursquare and others have dominated.  Sites like …






Don’t Tip Your Toe in The Water: Go For It

Yesterday I met a really successful entrepreneur.  They had built companies their whole life.  Some went IPO.  Some just got acquired.  One of the most interesting things about the conversation was that when it was time to press the button …






How To Do Social Entrepreneurship Right: Guard Llama

Social entrepreneurship has been a trend.  I think it’s great to use capitalistic enterprises to solve problems.  But, there are some troubling trends I am seeing within social entrepreneurship.  I have written checks to companies that clearly perform social good …






How Long For Robots?

Most of the stuff you read these days is all politics, even when it comes to real data. Here is an example. Recently, Trump’s Treasury Secretary Steve Mnuchin said it would be 50-100 years for robots. I’d love to see …






Quick Getaway

Went up to Harbor Country in Michigan for the evening. It’s a short getaway from Chicago. If you aren’t familiar with it, it’s like our “Hamptons” but not as chi-chi. Some big cities have natural getaways. Chicago people go to …






The Privacy Debate

Over the past week, I have seen a lot of outrage over the rollback of rules regarding Internet Service Providers (ISPs).  Let’s get something straight off the bat.  The internet is being regulated by rules that were written in 1933 …






Banks in The Cloud

The backbone of finance is going to change.  Who really likes the user experience of their bank?  Most of the websites are clunky and hard to use.  Banks have a hard time adding features.  I was speaking with a banker …






Should You Call An Acquisition an Exit?

The prediction is that acquisitions are going to increase in frequency and volume.  Big corporates are hungry for new innovation and they are going to buy it.  Their balance sheets are healthy.  If the tax overhaul that is being promised …






You Cannot Chase A Trade

One of the things common in trading and investing in companies is emotion.  There is the thrill of the chase.  It can consume you.  Sometimes, you get so involved, you ignore common sense and toss it to the wind.   …






The Big Bank Bottom Line

One of the secrets people don’t know about the big banks is their cost of good sold.  It’s pretty large.  62% of revenue.  The WSJ reports the big banks are going to try and get together to cut $2B in …






The Voice Will Change Everything

Yesterday while the NCAA games were going on I was judging a Capital One/Amazon Alexa hackathon.  The theme was fin tech.  It was pretty cool.  Hackathons rarely put real companies together.  But, occasionally they do.  The biggest thing they do …






Lots of Failure

I think that startup CEO’s can learn a lot from the four act drama that just played out in Washington DC.  Learning from failure is an important concept.  In the startup world we are told to embrace failure, or ignore …






Voice Over Trading

I learned how to trade in the open outcry era.  We used our voices.  The people that were the most aggressive won.  Sometimes it meant having a big body.  In certain pits, traders were pretty beefy.  I remember slamming my …






The Founder Equity Split

Michael Siebel of Y-Combinator wrote an excellent blog on equity splits among founders.  I love some of the points he made and they cannot be underestimated.  The conversation about splitting equity will help you have a conversation that helps founders learn …






The Blockchain, Cryptocurrency and Trust

Trust is one of the more fleeting things in human society.  It’s why lawyers exist.  Think about whom you really trust in the world.  Think about how many people that you do business with in your life that you would …






The Practice Gym

It’s NCAA time and people are bemoaning their busted brackets.  Mine is broken, damn you Iowa State and damn you Big Ten.  A friend of mine knows a lot about busted brackets, and busted psychology.  I met Tom Heitz when …






The Big Data Blind Alley

My friend Notre Dame Law Professor Laura Hollis turned me on to a new blog. I was scrolling through it and his post on gambling caught my eye.  In it, he talked about a system he discovered for betting on …