Posts in Entrepreneurial Ecosystems

15 Million Sold

The other night my wife and I watched the movie The Founder.  It’s the story of McDonald’s and Ray Kroc.  There are multiple lessons to be learned watching it.  After the movie, my wife and I talked about the different …

The Liquidity Crisis

There is a problem that is solvable when it comes to startups. It’s liquidity. Over the past couple of years, I have seen Fund of Fund managers like Chris Douvos, Michael Kim, and Lindel Eakman talk about this problem on …

Phrasing Is Important

“It’s not what you say, but how you say it.”  How many times have you heard that old adage?  I consistently re-learn this.  After being on the trading floor for 25 years, my style of language is a lot different …

The Bitcoin Debate-Is It Overvalued?

Been watching the bitcoin debate back and forth.  There is a ton of confirmation bias in it.  If you own bitcoin, you think it’s going to the moon.  I have heard bitcoin holders tell me it’s still cheap. If you …

Cross Border Competition

One of the things you learn early if you read Professor Michael Porter’s seminal book Competitive Strategy is looking for new competitors to your market.  I read that book for a class in 1983 and I thought it was the …

Some Feedback on Digital Innovation in B2C Banking

Was reading the Digital Banking Report‘s latest look on retail banking innovation.  I pay attention to the B2C side even though we only invest in the B2B side.  B2C sometimes informs B2B.  Sometimes businesses startup as B2C, and pivot to …

Get Rid of The Fed

I know what you are thinking.  I am a crackpot.  I have joined the Ron Paul cadre that wants to end the Fed and go back to gold.  I deliberately put up a click-bait headline because the way we regulate …

The Tighter And Pointier The Better

Entrepreneurship is such a tough game.  I have nothing but the utmost respect for people that come up with an idea and then turn it into something.  But, one of the really hard things for entrepreneurs to do is raise …

How Foreign Regulation Finds Its Way Across Borders

Have you heard of GRESB?  It’s a big thing.  Investors from the EU are asking for greater transparency about the environmental, social and governance (ESG) performance of real asset portfolios. Regulators are mandating ever more ESG disclosures and improvements. And tenants, owners …

Hey, Want A Job Starting and Growing a Hedge Fund?

Recently, WLV closed on our second deal, CFX.  CFX is a two sided marketplace that trades illiquid assets. If there is anything that me, my partner Kenny and the majority of our LPs know is where to identify a trading …

The Bitcoin Future

Yesterday CME announced they were going to list Bitcoin futures.  I was surprised it took this long.  For entrepreneurs, it shows how slow big corporates move to make decisions.  It also shows that when they decide to move, they create …

Where The Puck Is Going With Big Data

  My friend Phil Coover has a podcast called “Real Estate for Breakfast”.  Recently Megalytics one of West Loop Ventures portfolio companies was on the show.  Here is a link.  If you know someone in commercial real estate, send them …

We Need More Entrepreneurs

Entrepreneurship is in decline in America.  Here is some data from the Kaufmann Foundation. There are a large variety of reasons for the decline in entrepreneurship. Chief among them is the risk-taking appetite of the Millennial Generation. It’s not there. …

Intersection of Digital, Design, and The Future of Work

Last night I was on a panel at IIT’s Stuart School of Business. The panel talked about the intersection of the future of work, design, engineering, and digital.  The crowd was diverse, and the panel had diverse experiences and degrees. …

Tech And The Future

Tim O’Reilly is a VC out of Silicon Valley. He started O’Reilly Media. He also is a partner at OATV.  Politically, Tim leans pretty left. Interesting to hear what he thinks about the future of our society as it relates …

Judging

This afternoon I am judging a pitch competition here in Chicago at mHub.  It’s the 10th China Shenzhen Nanshan Entrepreneurs Star Pitch Competition.  Here is the agenda. 8:30 AM – 9:30 AM Registration 9:30 AM – 9:45 AM Opening Ceremony (Welcome …

One Key Takeaway From the G7/I7

For the next few blogs, I probably will be blogging about the G7/I7 meeting that I attended in Italy.  The reason is it was interesting to meet people focused on innovation from around the world and hear their ideas and …