Posts from 2017

Zero Barriers To Entrepreneurship

I am glad the Kaufmann Foundation is moving forward with this. In the last ten years, I have spent a lot of time with entrepreneurs. I can assure you, when people think about problems they think about inner cities. But, …






Advice For Employees of A Company That IPOs

Back in November of 2002, we completed our IPO process at CME that we started in 1997.  I thought I would pass on a little advice to Snap employees from my experience.  I suppose they are being hounded by wealth …






Chicago’s Growing Tech Community

Read an article by John Pletz about how Chicago’s tech community is on the rise.  John is a good person to follow on Twitter if you want to keep tabs on Chicago tech.  Remember those old Benson Hedges cigarette ads …






The Top 100

I saw this article about the Top 100 basketball players in Illinois High School history. It’s impressive. I have played against some of them. If I were doing the list, I would have had separate lists for men and women. …






The Global Fin Tech Revolution

Here is a little something from the elite people that go to Davos. Do you agree or disagree with them? We have seen the breakdown of the elite class in all kinds of silos. Finance is no different. I think …






Chicago Fin Tech Hackathon

The Capital One DevExchange is sponsoring a Hackathon featuring the Amazon Alexa team. On Saturday, March 25th, 2017, teams from all over Chicago will gather for an all-day workshop and hackathon in celebration of the new Capital One Café in …






Suppositions

The other day, I wrote a post, Would I Let My Daughter Work For Uber?  I cross posted it to Medium.  My daughter told me to.  If you go find it there, read the comments.  They are hilarious to me …






No Occupation Is Immune From Automation

When I speak to students at Universities about entrepreneurship and what I am anticipating for the future, we eventually talk robots, artificial intelligence and machine learning.  Those three things are going to put a lot of people out of jobs. …






Things That Make You Go Hmmmm

A lot of the time during this process, I am on my computer reading stuff. We talk. We have moments of intensity. Then, we retreat.   My father in law passed yesterday.  Hospice people are really great.  One of the …






The Final Journey

The final journey isn’t shared. It’s your own, and you face it alone. Your family and friends are there for the ride. Your body, and your psyche call the shots. But, there is an end to the journey. I think …






When It’s The End

Been in Florida the past couple of days. I always joke that Florida is “God’s waiting room” but today it is. My wife’s father is in hospice. I am learning a lot about end of life. I haven’t spent much …






An Enlightening Talk on Finance

If I were a benevolent dictator and was choosing the US Treasury Secretary, my choice would have been John Allison hands down. He was CEO of BB&T bank and they made it through the crisis unscathed. Their competitors failed. There …






The Terms on a Term Sheet

One of the things we try to do at WLV is be very friendly to entrepreneurs.  A lot of people say that, but we really try.  For example, we try to give really honest feedback.  When some VC firms pass …






Billions In Value, One Pit

One of the things that is hard to pin down is how entrepreneurial Chicago is.  It’s really an entrepreneurial Mecca.  But, it doesn’t seem like it because the kind of entrepreneurship that has existed here doesn’t resemble anything on the …






Would I Want My Daughter To Work For Uber?

One of the things we used to joke about years ago was having daughters.  When I had my first daughter, my trader friends in the pit showered me with bar room humor.  “God’s way of getting even with you.”, was …






A Critical Point of Differentiation in Framing

There are a couple of quotes that I want to pull from articles that I read this morning.  The first is from WSJ editorial writer Bret Stephens.  Stephens is writing about the collapse of Western Civ in education; and how …






Competition Makes You Better

America was based on the notion of competition. As a culture, we are getting away from it. Everything is pre-planned. When I used to do television, often a producer would call me up to ask me questions before I went …