Posts by Jeff Carter

Missing the Point

Been watching a lot of post election teeth gnashing.  I think hard core Democrats have totally missed the point of the election.  They think they live in a racist nation and a tribe of Nazi’s voted for Trump.  They are …






If Startups Are Like Carrier

Most of the research money for startups that comes out of government coffers finds its way to Silicon Valley.  There is an entire ecosystem that survives on defense research dollars.  There are two versions of how Silicon Valley got built. …






If You Are A Bitcoin Developer, Don’t Walk, Run To Chicago

Yesterday at a Chicago Blockchain conference, the state of Illinois made a presentation. Illinois is going ahead with an expansive Blockchain initiative. The idea is to work with them to get the right amount of regulation. In other words, during …






A Chicago Update

I was at a Hyde Park Angels Financial and Business Services meeting last night.  Our group has four focused independent groups inside it that look at deals.  Four times a year, the entire group comes together to see deals that …






What’s The Most Important Thing In a Market?

When you think about markets, what is the most important part of it?  Sellers?  Buyers?  Supply?  Demand?  The product? No, it’s a competitively discovered transparent price. Having a competitive market to discover and transmit the price to the rest of …






Capital and Capitalism

I subscribe to the Social+Capital snippets email.  They are generally great reads with really informative links.  As the country moved closer to the election, their emails got a little more political.  They didn’t lean left-they lurched left.  Cool with me …






Accepting Failure

One of the hardest things to do is accept failure.  Humans are generally competitive.  We like to win.  Intuitively we know that everyone shouldn’t get a trophy.  Sometimes other people do better than us.  We know it deep down inside, …






Hold Their Feet to The Fire

2016 Pre & Post-Election State Legislative Control.Republicans control both chambers of the legislature in 32 states https://t.co/h1Ue5N6A75 pic.twitter.com/deTWFE0RdK — Michael Nardi (@iPublicPolicy) November 15, 2016 Republicans made big time gains over the last several years. However, I am not seeing …






In Person or Online?

We drove back from Detroit today.  My children went to school in the city of Chicago.  Their school and their rival school has a huge networking party the day after Thanksgiving.  They take over a bar and meet up.  It’s …






Happy Thanksgiving

The Thanksgiving story is pretty amazing.  People left Europe to escape religious persecution.  I am not sure a lot of us would take the same risk today.  Sure, we have immigrants come here today.  They escape desperate situations in some …






The Upstarts Are Coming

Brady Dougan is starting a merchant bank.  “What’s a merchant bank?”, you might ask if you didn’t know about financial services prior to 2000.  Merchant banks were mostly consolidated after the repeal of Glass-Steagall. Dougan was the former CEO of …






Medici Cities

There is controversy over “Sanctuary Cities”. I dislike identity politics and that is simply more identity politics. If you want to play identity politics, go ahead. But, soon you are going to be run over by a thunderous herd that …






Repeal Dodd-Frank; Repeal Sarbanes-Oxley

One of the reasons we had the election we did was that people all over the United States are hurting economically.  It doesn’t show up in broad government statistics.  But, I have travelled all over the country and seen first …






You Only Get One Shot!

Was ruminating about Hamilton with my family yesterday.  My wife and I had seen the play in Chicago.  This post isn’t about what happened in New York.  It’s about getting one shot. If you haven’t heard the song, here is …






Draft Kings and Fan Duel Merge

How many more of these kinds of mergers are on the horizon?  DraftKings and FanDuel always seemed like the same exact business to me.  I never used them, but saw their ads.  I am not the target market. Other mergers …






Something Fun

My friend Janine put this on her Facebook.  She was in my MBA class at Chicago Booth.  We can all use a little fun. Come on someone, do this with me! Here it goes… Tattoos……………………No  (not too many in my …






What Should The World Look Like?

In startups, we often talk about constraints.  Constraints are good because they focus your attention.  The old saw, “you can’t be all things to all people” is true.  If you use the “Sham Wow” approach you will burn through all …






Mr Hamilton

My wife and I saw Hamilton last night. It’s playing in Chicago for an extended run. If you get the chance to see it, see it. Tickets are not cheap, but then live theatre never is. In Chicago these days …