Posts in Entrepreneurship

Bitcoin is a Teeny Market

tip of the hat to @twaintwain for the image. One of the things that people trading Bitcoin think is that it’s a huge market.  They look at all the volume, the ICO’s and all the press and confirmation bias skews …






Does Cheap Office Space Matter?

Our mayor in Chicago is starting a program to offer cheap office space to startups in order to entice them to locate here.   The co-work spaces participating are great spaces. If you are a startup, you’d like working there. …






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 …






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 …






The Last Mile in Rural Tech

Over the course of the last ten years, I have spent a lot of time in rural Midwestern and Southern America.  When we drive through small towns, we always wonder what the heck people do there to exist.  Many of …






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 …