Posts from 2017

You Need A Vision

Famous Chicago Architect David Burnham once said, “Make no little plans. They have no magic to stir men’s blood and probably themselves will not be realized. Make big plans; aim high in hope and work, remembering that a noble, logical …

Sunk Costs and Investing

One of the hardest decisions to make when you are investing is whether to do the next round or not.  The first seed round is relatively easy compared to the next rounds.  The seed round is based on some data, …

The Hate Has Got To Stop

I quit writing about politics consciously a while ago.  One reason was that if anyone knows me they pretty much know where I stand.  I am a free market individual liberty loving person.  I trust that individuals can make the …

When You Have No Plan

My wife and I were chatting the other night about the beginning of our marriage.  When you hit the 30 mark, you reflect a little.  One of the things that we didn’t have was an exact plan.  We had notions, …

What Makes You Happy? Experiences.

As an alum of Chicago Booth, I look forward to reading their magazine.  It has an article or five I always find interesting.  I tore one below out and wanted to blog about it. The study is “Cultivating Gratitude and …

The “What If” Game

One of the things that can trip up execution is speculation about the future.  If you are an entrepreneur, sometimes it’s a very good idea to quell any speculation about the future.  The way you do it is just by …

One Big Difference Between Being an Angel and Fund

One of the biggest differences between being an angel and being a fund is the risk.  The risk is magnified as an angel.  It’s not that being a VC fund manager isn’t risky.  It can be depending on how the …

The Repeal of Dodd-Frank

Yesterday, the House voted to roll back Dodd-Frank.  This is a very good thing.  Dodd-Frank was a reactionary law.  It was a reaction to the financial crisis of 2008.  If you are a person that wants to get lobbying out …

NBA Finals Are Over

I watched Game 3 with interest.  It was a must win for the Cavs after getting drubbed out in the Bay.  I really thought they played with a lot of heart.  With a couple minutes to go, it looked like …

A Project

Last summer we bought an old family cabin in northern Minnesota.  We knew we had to rehab it.  Last fall, we lined up all the contractors and got them lined up.  It’s not a big job.  The cabin is 625 …

One Bad Pitch Doesn’t Mean The End

On Friday June 2, AMO Opportunities won the Polsky New Venture Challenge at Chicago Booth.  They received $100,000 prize.  They also get exposure.  If they decide to raise capital, I bet they get a check from someone.  Congratulations to them, …

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 …