Posts from 2017

Should You Always Wave the Pom Poms?

Yesterday at Fred Wilson’s blog, AVC, he talked about the backlash he was getting from a post on greed. In the crypto community, there is a lot of greed lately with the run up in value of several currencies.  There …

Should Valuation Be A Disqualifier For Investment?

One year I was at Stocktwits listening to Howard Lindzon talk about early stage investing.  Howard is a pretty darned good early stage investor.  He mentioned that some of his worst mistakes were passing on investments simply because of valuation. …

Can We Be Friends?

The other day I noticed Chicago Mayor Rahm Emanuel said Governor Bruce Rauner isn’t his friend anymore. Rauner had mentioned that even though they differ politically, he considered the mayor a friend.   I wasn’t surprised. My fear is that …

A Tale of Woe, Some Self Inflicted

Logistics.  It’s a big deal.  I have been dealing with logistics all summer.  It has become my summer of schlep. We are rehabbing a cabin in the woods in Northern Minnesota.  No one really delivers so I have to haul …

Entrepreneurial Blind Spots

Everyone has a blind spot. When I work with entrepreneurs, it’s sometimes easy to see what their blind spot is.  It’s harder to recognize it in yourself.  You have to work to uncover them.  It’s important to do that, because …

Do You Seed/Angel Invest For Wealth Accumulation? Or Not?

Have been reading Jason Calcanis book, Angel, lately.  I haven’t finished it. I plan on finishing it in the next couple of weeks and will write a review then.  Today, I caught the end of a Facebook Live gig, This Week …

Your Word Is Your Bond

The title is an old saying from the floors of Chicago exchanges.  When people didn’t follow through with what they said or honor a trade, they were drummed out of the exchange.  The CBOT even did a documentary with the …

This Law Is Going to Change

There was no way that I was ever going to law school.  It just wasn’t for me. In high school, I thought about it but knowing the lawyers I know I don’t think I would have enjoyed the occupation.  Some …

Don’t Make Your Board Competitive

One of the characteristics of successful people is that they are usually pretty competitive.  I am not any different.  You don’t go places in our society unless you have some internal drive that pushes you to get there.  Even the …

Schlep.it A Pretty Cool App

I have a lot of spinning plates in my life right now.  I am rehabbing a place 10 hours away.  I bought a small place in Lincoln Park and I am moving.  All at the same time.  Over the past …

Career Risk

My friend Sean penned this piece for Medium.  Definitely click over and read it. If you are interested in becoming a trader, you might want to read it.  Back in 1986, when I decided to quit my job at 3M …

Decentralization vs Centralization

One of the most compelling things about Bitcoin and blockchain is the decentralized component of the blockchain.  It’s not controlled by a person, one entity, or an oligarchy.  It’s controlled by everyone. One of the things I am intrigued to …

A Summit

Yesterday I went to a summit on early stage tech in the state of Illinois.  The first answer is that the tech ecosystem in Illinois is in pretty good shape.  The fervor around entrepreneurship is high. The consensus is some …

A Suicide

Heard about another suicide the other day.  This person was a teen.  I remember when I was a teenager, my parent’s friends used to remark that they wished they were raising kids back when they grew up because it was …

Bitcoin is a Teeny Market

tip of the hat to @twaintwain for the image. One of the things that people trading Bitcoin think is that it’s a huge market.  They look at all the volume, the ICO’s and all the press and confirmation bias skews …

The Networking Thing

How do you build a network? Slowly.  It doesn’t happen overnight.  Patience is a key to building a network Randomly.  If you don’t open yourself to randomness, you cannot build a great network.  Networks are about meeting new people and …

Downsizing

My wife and I have had an interesting trajectory in our lives. When we got married, we had a townhouse in the far northwest suburbs of Chicago. My wife bought it with an inheritance from one of her aunts. Our …

Does Cheap Office Space Matter?

Our mayor in Chicago is starting a program to offer cheap office space to startups in order to entice them to locate here.   The co-work spaces participating are great spaces. If you are a startup, you’d like working there. …