Posts from 2017

Pay No Attention to CEO’s and Paris

There is a lot of boo-hooing about Trump pulling out of the Paris Accord.  I don’t care if you believe, or discount global warming, the Paris Accord is a crappy agreement.  It also will do nothing to stop global warming. …

Make Capitalism Compete

My wife brought a Wall Street Journal opinion piece to my attention.  It’s about why the younger generation is rejecting capitalism.  There were plenty of disturbing things about the recent presidential election.  One of the most disturbing to me was …

What Makes a Great CryptoCurrency?

I ask the question because I honestly don’t know.  I don’t see an advantage to Bitcoin over another crypto other than Bitcoin was first.  A friend asked a question, “Will Bitcoin be the MySpace of cryptocurrency?”  Maybe. We are seeing …

What Are You Built For?

For the past several days, I have been doing Reboot’s “Shadow”. I don’t know a soul at Reboot but have listened to their podcast since they started. Personally, I have always been interested in psychology since I was in high …

Some Ideas Are Cheap

There is one thing that you teach yourself never to do in the VC business. Never ever think that an idea will never ever work. Many many VC’s say “Strong opinions loosely held” is their mantra. However, VC’s are human. …

Two Markets With Parallel Paths

Right now if you read about the venture capital market, or if you read about the stock market you will notice similarities. Both have a lot of capital in them chasing return. In VC, that drives up valuations and dampens …

Two Poems for Memorial Day

I have met a lot of WW2 vets in my life. Each and every one of you will tell you they are not heroes. They were survivors by the grace of God. The heroes aren’t here anymore. The most poignant …

I Hate Bugs

Last summer, we bought a small cabin on a lake in Minnesota.  We are going to rehab it this summer.  It’s not a super high-end expensive rehab.  We bought some stuff on Craigslist, and the rest at IKEA or Home …

Is the Future Direct Listing? IPO? ICO?

The NYSE petitioned the SEC to allow direct listing of stocks. The NASDAQ already allows this practice so it’s probably a fait accompli that the NYSE will be granted permission. Thanks to my friend Dan Ratner for bringing it to …

Deliberative Practice and Grit

While on vacation, I read a couple of books.  One of them was Grit (which I still have to finish).  It’s a great book. I was intrigued because her initial research on grit was with West Point cadets. Since I …

Who Gets What When

I read this book and reviewed it a couple of summers ago. It’s a great book and a must read for anyone. I thought I would post this video of Professor Roth talking about his ideas while I was on …

Risk And Startups

Lately I have seen a lot of thematic investing around startups.  Some investors are “Efficient Market Hypothesis”-ing a portfolio.  By this I mean they are writing a lot of checks and figuring portfolio theory will bail them out.  I think …

30

Thirty years ago today, my wife decided to follow through with the “till death do us part” thing.  We were young.  She was 24 and I had just turned 25.  She had a job, and I was a clerk on …

The Worst Kind of Diligence

When you do diligence on a company, there are several ways to go about it.  We have a process.  It’s important to remember each deal is different.  It’s a unique entity, with unique people.  The process is the same, but …

The Farm To Table Movement

One of the things that interests me is the farm to table movement. My wife worked on an organic farm in northwestern Illinois. I invested in Tallgrass Beef back in 2005 and Simple Mills in 2014. I saw this discussion …

Brexit, Grexit, and Europe’s Year of Destiny

I am in St. Barts.  30th Aniv Trip. I had the good fortune to have dinner with Ted Bromund and listened to his thoughts about Brexit.  It’s interesting to compare to Quebec’s relationship with Canada.  It’s also interesting to think …

On Vacation

I am flying away for a vacation today.  I need it. I am sort of burned out.  I have had a lot of challenges in my life over the past several years, and it’s time to take a few days …

Our Investment in Megalytics

West Loop Ventures has made its maiden investment.  We lead the post-seed round investment in Megalytics.  Megalytics enables timely, effective investment and management decisions through an automated platform that integrates large and disparate data sources and proprietary algorithms and scoring …