Posts in Entrepreneurial Ecosystems

Need Some Office Space?

One of the companies I invested in when I was doing angel investing was Build Truss.  They have an awesome team.  They are tackling a thorny problem.  CRE agents have no interest in leasing out spaces less than 20k square …

Calling All Fin Tech Startups!!!!

My friend and fellow former trader Alan Matthew of Tribal Ventures alerted me to this. It’s a good opportunity for fin tech startups to get some exposure to potential customers.  I don’t think this is a good opportunity to get …

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 …

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 …

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 …

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. …

Megalytics is Hiring!

West Loop Ventures portfolio company Megalytics is hiring.  They have a great team, and it’s a great place to work.  Donna is on the bleeding edge of something big in commercial real estate. If you are a person that wants …

The Superhuman

I had to share this video. Mike Byster is a friend of mine from the trading floor. Originally, he worked on the floor clerking for his cousin Norm Byster (NBB). Norm used to trade em up and Mike counted his cards …

I Thought This Was Cool

Last Thursday before the Tech Week party I went to the iVenture Accelerator gathering at TechNexus.  If you don’t know about iVenture, it’s a startup venture lab run by Ryan Singh and Noah Wasserman at the University of Illinois in …

The Human Crisis in Finance

When the electronic age was ushered into financial markets, no one really knew what the knock on effects would be.  The Big Bang happened in London in 1987.  Ten years later, CME introduced the e-mini S&P.  It was ridiculed at …

It’s A Beautiful City

Chicago is one of the most beautiful cities in the world.  I was at a thing all day yesterday and they had a cruise booked for the evening.  Fortunately, we had a beautiful low humidity perfect weather night.  Here are …

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, …

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, …