Posts in Entrepreneurial Ecosystems

How To Make Big Money And Have Success

“Pigs get slaughtered” A lot of people fantasize about becoming a billionaire.  They see Wall Street titans, bankers, successful entrepreneurs and think they could be there too.  A lot of wealth starts with a dream, but dreaming of wealth gets …






Trust in Sake: It’ll Warm Your Heart

Last night, the angel organization I co-founded had a small social event at a hot restaurant in Chicago, Union.  One of the things great organizations do is get together outside of work to build trust and rapport.  When you are building …






Fake It Till You Can’t Fake It Anymore

This is a guest post by Robbie Abed. His bio is at the end of the article.  We are buds and he is an integral part of the Chicago startup community. —- “Fake it till you make it” is a …






Groupon and Guns-Half Off Business Intelligence

Yesterday Groupon ($GRPN) made the decision to pull any gun related promotion they had.  Big mistake. Guns are a polarizing political issue like a lot of issues these days.  Groupon just alienated a lot of potential customers. No matter what …






Should Chicago Build Another 1871?

Rumors are circulating that Mayor Emanuel wants to build another 1871 in Chicago.  He said it in front of a bunch of women entrepreneurs-which makes me assume he means to build an 1871 focused on a special interest group.  Nothing …






95% of the Time, Good Liars Tell The Truth

With the double whammy of Manti T’eo and Lance Armstrong, ethics and all the issues wrapped up in that are in the news.  Ethics are a big deal-but a moving target.  What’s ethical to you might not be ethical to …






#Dabblerama-Pursue Your Own Interests With Friends

Yesterday I went to #dabblerama in Chicago.  Dabble was finishing a stint at IDEO where they were the entrepreneur in residence.  The previous EIR was Food Genius.  Yesterday they had a culmination party, and offered some classes for free.  Check …






Serious About Job Growth? The Council That Doesn’t Meet

President Obama established a job council to deal with unemployment. He did it a year ago. They haven’t held a meeting yet.  If you say your number on priority is “jobs”, wouldn’t you want your council to hold a meeting? …






Manti Te’o Teaches a Lesson About Due Diligence

Amazing story about Manti Te’o. First, when I heard his girl died like most people I assumed there was a physical relationship.  Second, like the rest of the world, I felt bad for him.  It’s tough to lose a girlfriend …






What’s the Right Platform?

With the plethora of social media resources today, the challenge isn’t should your company be in social media.  The challenge is how much of your company’s time should you devote to social media and which platform should you use to …






Are You Connected?

Connected, it’s such a loaded word.  In Chicago when you ask that about someone, it usually means are they connected to organized crime.  “He’s connected.”.  If you are trying to find a bookie, it’s a good thing. Connected is an …






Term Sheets Matter

Entrepreneurs hear a lot about term sheets.  VCs and Angels agonize over terms in their standard term sheet.  If you want to read about all the terms, what they mean, and how they are executed, there are plenty of blogposts …






Life Happens

When the stuff hits the fan, it really hits the fan.  Blogs can do different things for people, and today my blog will be a bit cathartic, for me. Over the past week and a half, a deal I was …






Entrepreneur’s Credo

A friend posted this on his Facebook ($FB).  Tip of the hat to Jimmy! I am going off the grid today.  Life has been pretty intense lately.  For those of you that know me well, I haven’t even had time …






When 2+2=More

Yesterday, I was with a delegation from China.  Tianyi Zhu and Vincent Ma set the whole thing up.  It was very interesting.  We gave them a tour of 1871, and then met with Kevin Willer, Nick Rosa and Jason Zielke. …






Entrepreneurs: You Want A Clean Deal

When VCs and Angels look at deals, there are some initial things they look at. The team, the idea and they begin to roll around in their mind if the team can execute the idea.  A favorable impression gets a …






City Winery in Chicago

Part of any good entrepreneurial ecosystem is the depth of it.  By depth, I mean the mom and pop shops that populate the city where the ecosystem is located.  Those mom and pops give it character.  Last night my wife …