Posts by Jeff Carter

Algorithms Can Be Messy

Algorithms don’t think. They just execute. A lot of jobs/services/functions that were done by humans are becoming algorithms. My job as a floor trader was basically eliminated because algos took over.  There will be a lot of jobs eliminated in …






Tough Lessons

Dabble did a new round of financing the other day. I participated but I am going off the Dabble board. There are two reasons for that. First, since I am not a Hyde Park Angels member it seems pretty stupid …






Leadership is Hard

Yesterday the Senate which is barely controlled by Republicans failed to repeal and replace Obamacare. Too bad. To be honest, it had a hard time getting through the House. This shows you how hard laws are to repeal once installed. …






Blockchain Will Disrupt Everything

My friend Mike sent this to me.  It was a presentation at the Stigler Center over at Chicago Booth.  David Yermack is an academic at NYU.  They did a 3 day conference on blockchain, and here is a link to …






Some Manual Labor

Yesterday, I left Chicago at 4:30am. Drove to St. Paul, MN.  Picked up my IKEA order.  Drove it up north 6 hours to the cabin we are rehabbing.  Unloaded it all and then put it together today. I am thinking …






End of The Road

I turned in my resignation to Hyde Park Angels, the organization I co-founded back in 2007.  Most of my co-founders left in the first couple of years for a variety of reasons.  Some never were part of anything past Day …






An Example of the Strategic Use of an ICO by a Mainline Firm

Initial cryptocurrency offerings (ICO) have been used by a lot of startup firms to raise capital.  They have been successful, and they have failed.  One that has been interesting for WLV to watch is Ripple.  Their token is pretty transparent …






Is An ICO Right For You?

Initial cryptocurrency offerings are the rage.  Don’t get caught up in the hype.  Listing a coin and raising money doesn’t do anything by itself.  Everyone can pat themselves on the back but without any meaning or use case behind the …






SAFES, Convert Debt, and Startups

There was an article in Techcrunch yesterday on SAFE notes and how they were surprising entrepreneurs.  The headline is a bit of clickbait.  I read the article and then emailed it to some attorneys in Chicago that really understand venture. …






It’s Lonely At Seed

When WLV pitches to potential investors, they always ask “Why Seed?”.  It’s a great question and one we love to answer.  Most investors we know prefer to invest at Series B, and some are filtering down to Series A.  Some …






How Can A Pit Be Controversial?

Read an article in the WSJ about how Box Options wants to open trading pits for options. Currently, they are SEC regulated and an entirely electronic options exchange.  They want to open a pit for strategic and competitive reasons. Many …






T-Mobile Didn’t Work Either

A couple of weeks ago, I blogged about how I was switching from ATT to T-Mobile.  I didn’t want to go to Verizon because it was too expensive, and I don’t know anyone that likes their service.  Let’s be honest, …






Gender Discrimination in Venture Capital

Is there gender discrimination in venture capital?  A lot of people say that there is.  In my neck of the woods here in Chicago, I haven’t seen it.  But, at the same time, I am not going to say it …






How To Integrate Mission Into Your Business

Fred Wilson posted this video on his blog. It’s a great video. Every entrepreneur should listen, and then integrate it into their business. It’s hard to integrate this into your business. Where do you start? One of the things that …






America Has Been Deeply Divided Before

Saw a lot of posts about how divided America is today. It’s not the first time. Back in 1800, there were those that followed Jefferson and those that followed Hamilton/Adams. We had the Civil War, which was our most divisive …






Sage Advice From My Buddy OLA

People always wonder “what skills are transferable from a trading pit to a ‘real career’?”  My friend Jim Mercola (OLA) posted this on his Facebook the other day and I thought I would share it with you.  Other traders can …






Something to Remember on the 4th

The 4th of July is an auspicious day in human history.  For the first time, a society was organized around the principle that the rights of humans came before the rights of the government, monarchy or ruler that administered them. …






Delaware Paves The Way For Blockchain

Delaware’s legislative assembly paved the way for blockchain stock exchanges this week.  It’s important because almost all major corporations are chartered under Delaware law. Matthew O’ Toole who is the chairperson of the corporate law section of the Delaware bar …