Posts in Entrepreneurial Ecosystems

7 Things Kitchen Nightmares Can Teach a Business

The following is a guest post from a friend of mine that runs a startup called Field Aware. Based in Chicago, the company could become a game changer for the mobile sales force and service community.  FYI, Brendan relocated the …

Do Americans Take Risk Anymore?

Yesterday’s Wall Street Journal had an interesting article on risk taking.  If there is one thing in this world that I understand its risk taking.  When I was 24, I quit my corporate job to make $150/wk as a runner …

CEO Pay-How Should it Be Attached to Performance?

Over the last several years, there has been a lot of consternation about CEO pay.  Recently, it’s been shown the CEO’s of the big banks received 7.7% pay increases.  A lot of folks hate the big banks, and so any …

Chicago Tech Stars Kicks Off

Last night was the grand opening of the Chicago TechStars.  Each team in the class gave a three minute pitch about their business.  There are some differences this year from previous years when TechStars was Excelerate Labs. First, they had …

Relationships Really Matter

When talking to people about getting investors for their firm, I always stress that the first money in the deal needs to be smart money.  It needs to be able to be leveraged.  It can’t just be about getting a …

A Close Shave

How do you shave?  Been doing some research on it lately.  There is a nascent trend in the marketplace toward more traditional shaving.  They call it “wet shaving”.  Hard core wet shavers use a straight razor. Straight razors were responsible …

Build A Relationship To Invest in A Company

Investing in a startup takes a lot of twists and turns.  It’s a massive learning process.  Getting down the learning curve can be extremely expensive.  Bob Okabe, a friend of mine, has said when he asks startup investors if they …

America’s Best Days Are In Front of Her

There is a new book out I would encourage everyone that’s an American citizen to read.  It’s called America 3.0: Rebooting American Prosperity in the 21st Century-Why America’s Greatest Days Are Yet to Come The authors blog at ChicagoBoyz.  They …

Graduation: Preparation for Life

Just witnessed my daughter’s graduation.  She survived four years at Davidson College.  The college president spoke to the class.  President Quillan talked about her own collegiate career, and stressed how a liberal arts education is not out of step with …

Education’s Next Stage

This space will be light the next few days.  My eldest daughter graduates from college this weekend.  The family is headed down to be with her, pack her up, and bring her back.  In a tough job market for college grads, …

Why Let Bloomberg Snoop on You?: YCharts Has A New Look

The Ycharts team recently changed their offices.  They are growing and needed some new digs.  While they were at that, they changed their landing page.  It looks really sweet. They recently just closed another round of financing.  They brought in …

500 Startups: Risk vs Reward, Do VCs Execute?

An article I linked to in the Breakfast Links was on Dave McClure and his 500 startups organization. If you haven’t met Dave McClure, or seen him on stage, you won’t know what I am talking about. Here he is …

The Future of Work: The Future Won’t Stop

How do you figure out what to invest in today that will be a big company tomorrow?  It’s a question a lot of people ask. You can’t take out a crystal ball and have some soothsayer tell you what’s going …

Bloomberg Snooping on Its Customers-Try YCharts Instead

Bloomberg got caught with it’s hand in the cookie jar.  On Glenn Reynold’s Instapundit blog, this story caught my eye.  Goldman Sachs ($GS) execs were worried about the privacy of information in their firm because Bloomberg had access to how …

What’s The Most Important Piece of a Startup?

Last evening, I spoke to the DePaul University CEO Club.  They are a group of college students that are interested in entrepreneurship and leadership of companies in general.  Hashim Ali invited me using Twitter. Instead of preparing a bunch of …

America and Startups Need Immigration Reform

There is a debate in the US Senate right now on immigration reform. Instead of doing what’s best for the country, it has descended into pure politics.  Democrats want blanket amnesty and very low bars of immigration because they think …

Chicago: Hotbed of Employment Innovation

One of the first things I thought of when we started Hyde Park Angels was not to mimic Silicon Valley.  No other area can be like that place.  Why try to re-create it when people can just move there? In …