Posts in Entrepreneurial Ecosystems

The Tablet Can Take Your Order

Obamacare is pushing up the cost to hire new employees, and increases the cost to retain older employees. Higher minimum wage laws also increase the cost. Threat of lawsuits from employees also heightens risk and potentially can put them out …

The Wisdom of Crowds

There is a misnomer in the conversations that are taking place right now among people.  They are misapplying the “wisdom of crowds” theory from Hayek. The way we are applying the logic of the crowd wisdom, we are creating groupthink. …

Should You Work From Home?

Thanks to Marissa Mayer ($YHOO) for making this issue front and center.  As more and more of the US workforce transitions into independent contractors, people are being faced with a choice.  Do they set up a home office and work …

A Transaction Tax is Not The Solution To HFT

In Europe, they are enacting a transaction tax on trading to “curb effects of HFT”.  That’s merely an excuse.  There are people out there that have proposed a transaction tax on trading for the last 50 years.  Government budgets are …

Ubering At The Doctor’s Office

The following is a guest post by Jake Plummer.  I have known Jake since he became affiliated with Hyde Park Angels. Jake’s involved in the Chicago entrepreneurship and investment community.  Previously, he managed a medical practice at The University of Chicago …

How Do You Create A Corporate Culture?

Corporate culture is one of those touchy feely things that a lot of people talk about, but few really know anything about.  There is the P&G ($PG) culture, IBM culture( $IBM) and Apple ($AAPL) culture which are legendary.  There are …

Starting A Business Using Twitter

Last night my wife and I walked over to Union  Sushi and sat at the sushi bar.  The first time I went to Union, it was for a sake tasting.  I highly recommend it.  If you come to Chicago, you have …

Fauxpreneurs What Should We Do With Them?

Yesterday Phil Beauregard wrote an article in PandoDaily about getting crappy people out of your ecosystem.  Nice.   Points and Figures has written about this theme starting with 95% of the time good liars tell the truth. Reading the comments …

Should You Apply To An Accelerator?

Accelerators and incubators are hot.  There is a difference in what they do.  Accelerators are focused three month programs that are designed to spin out a focused company and get them going faster.  Incubators are where a company comes in …

Focus Focus Focus

What can kill your business?  Lack of focus.  I have seen it time and time again.  Everyone chases the next shiny object in hopes that it will yield a pot of gold at the end of the rainbow.  I have …

Are You Brilliant?

Brilliant- bril·liant [bril-yuhnt]  Show IPA adjective 1. shining brightly; sparkling; glittering; lustrous: the brilliant lightsof the city. 2. distinguished; illustrious: a brilliant performance by a young pianist. 3. having or showing great intelligence, talent, quality, etc.: a brilliant technician. 4. strong and clear in tone; vivid; bright: brilliant blues and greens; the brilliant sound of the trumpets. 5. splendid or magnificent: a brilliant social event. Sometimes there are people or ideas or companies that measure up to the definition of the word brilliant.  Sometimes all of those factors …

Let’s See If It Plays In Peoria

Marketers used to use Peoria, IL as the place to test market lots of consumer products.  It has a really diverse population, and is a medium size city.  Unlike the suburbs of Chicago, Peoria has its own ecosystem.  It’s self …

REbooting America-Read This Book

Sometimes it’s hard to look at the world and be optimistic.  One of the reasons I really enjoy working with entrepreneurs is they are building something for the future.  By definition, they walk around with a gleam in their eye …

Dodd-Frank: Too Big and Failing

Two centerpieces of legislation during the last four years were Obamacare and Dodd-Frank.  Both are pernicious, and both currently are failing.  Dodd-Frank was destined to fail because it is 9000 pages of mumbo jumbo.  A total waste of time. Dodd-Frank …

Why I Support Immigration

America is a nation of immigrants.  It’s an overused phrase that people use to guilt others into supporting immigration.  No doubt, we need immigration but we can’t use guilt as a tool to establish good immigration policies. We need to move …

The World of Work Is Changing

Experts and people say the world of work is changing but is it?  In certain worlds it is, but if you are grinding it out in a corporate cubicle somewhere it probably doesn’t feel like it. Although, you have better …

Great Entrepreneurs Aren’t Born, They Are Made

Think back.  What was your first job where you had responsibility?  Where you were accountable to someone?  What was it? What about that job stayed with you and you used later in life?  What sticks with you to this day? …

A Bluebird Day

Made the trip out of Chicago to Austin today.  Feels like dodging a bullet.  Chicago is supposed to get eight inches of snow and it’s sunny and 80 here.  They are setting up for SXSW all over the place.  There …