Posts in Entrepreneurial Ecosystems

12 Ways to Be Successful In Your Business

Customers are going to say things like; better, cheaper, faster.  You will have to build things to solve problems for them.  When they buy it, you’ll know they need it. A lot of folks out there are thinking iteratively, and …






Shedding Tears for The Bubble

Is there such a thing as a bubble?  It’s talked about all the time.  The internet bubble, the home mortgage bubble. Now we are hearing about the start up bubble. If you believe in market efficiency, you know those statements …






Forced Unemployment With a Smile on Their Face

If you are in Chicago and see some people that look unemployed and hungry for a job, you might be right.  But, in many cases don’t walk by, hire them.  They may look raggedy, but they are sharp.  They won …






Execution Is A Key To Success

Ideas are great.  Ideas germinate into businesses.  But ideas are just ideas until a person takes it and actually makes something.  No ideais worth anything until it gets a customer.  Only then is it validated.  Even hi tech science in …






What’s Not Going to Change In Ten Years?

Phil Pearlman turned me on to this video of Jeff Bezos. There is so much in this it’s impossible to talk about it in one blog post.  Putting a great use of social media to promote your business aside, let’s think …






Why We Should All Be Conservative Now

It’s very ironic to me that two of the cultures I run around in vote Democratic when they run to the polling box.  Wall Street is loaded with Democrats and I don’t know if it’s because they feel so much …






Welcome to The New Reality-Government Run Everything

Yesterday, I needed to get a couple of EIN‘s for some things I am doing.  I logged into the IRS website.  I searched for EIN in their search box.  I got to a page which told me a bunch of …






Challenges In Early Stage Start Ups

Recently, we had a SEEDCON in Chicago.   Here is one of the panels. Troy Henikoff moderated the panel. Various entrepreneurs talked about what they did at an early stage to get going, and how they are trying to disrupt …






Private Capital, Private Markets

At this time of year, a lot of articles write about what you should invest in going forward.  People take a peek at their investments and start doing some mental scoring.  If they look at the S&P, they have made …






If You Are Going it Alone, Beware

This summer, I rode in a 100 mile bike ride.  I did most of it by myself, alone on the road.  I wasn’t in shape, had only been on my bike a couple of times and so could not even …






Craft Brew vs Big Brew

This morning I clicked over to Abnormal Returns and saw an article on craft brewing. It really interested me because I have tried to use my dollars to support local brewers here in Chicago.  When I travel, I try and …






Is Hostess Just Atlas Shrugging?

Hostess announced it was going out of business. They were unable to reach and agreement with their union workers.  They employed 18,500 workers.  Only 3500 were unionized.  19% of the workforce.  It’s too bad. The Twinkie is getting all the …






Do You Bet On Horses Or Jockeys?

Last evening, I lectured to a group of students at Notre Dame. Today, I am talking to some law students interested in entrepreneurship.  One of the questions I usually get is what makes a person invest in a company?  The answers …






Battles Between States-Why We Need Coopitition

Yesterday I was up in Madison, Wisconsin at the Wisconsin Early Stage Symposium.  Zach Brandon has done a really good job of coordinating all the Wisconsin Angel groups and VC firms.  He has also carried on the mission that Joe …






25% Angel Tax Credits

Governments know that they are in trouble.  Fiscally, they are stretched to the limit with unfunded liabilities.  The politicians are unable to make the tough choices to cut spending-and they are limited to how much they can raise taxes.  That’s …