Posts in Entrepreneurship

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 …






Seed Round Financing: Why Crowdfunding Will Be Challenging

When your company starts up, it’s just the founders.  They put in a little money and sweat equity to get going.  Then they might get some family and friends to give them some money to grow a little more.  Eventually, …






Who Controls Your Reputation?

When I was taking classes at the University of Chicago for my MBA there were a lot of interesting classes. Of course, the regimental numbers classes.  Every MBA goes through the core.  Economics, Accounting, Finance, Strategy, Statistics and Operations.  But, …






Inspiration For Your Business

John Wooden was a tremendous basketball coach.   But, he might have been a better life coach.  When I talk to startups, I tell them “be quick but don’t hurry” which echoes the Lean Start Up model. Here is his …






America Is Innovative, Still the Greatest Country in the World

One of the things I really dislike about many Americans is they say we need to be more humble.  We aren’t the greatest country.  They point out things about other countries that they like better.  They like to say when …






Instaprofit-A Solution to the Facebook/Instagram Problem

Instagram wants to sell my photos. Facebook ($FB) wants to commercialize my relationships. Nothing is free, there are opportunity costs to everything. However, the recent decision of Instagram/Facebook to monetize photos has received tremendous backlash. Their executives focused on an …






Building The Midwestern Ecosystem, One Company at A Time

I don’t know if anyone saw this on Techcrunch.  It’s worth a viewing. These videos are Chicago-centric. However, even though I am from here I am not territorial. No one has the market cornered on great ideas, or great execution. …






Restoring Hope

One of the reasons that I like hanging with entrepreneurs is that they give you hope.  In times of trouble, or when you are down, go out and talk to some people starting up a business.  They think for the …