Posts in Entrepreneurship

Valuations in The Midwest

A lot of folks think there is a bubble in valuation when it comes to start ups.  In certain cases, there is a strong case to be made for a “bubble”.  But in many other cases, it just doesn’t ring …






Learning and Teaching At the Same Time

Last night I was at The Coop.  A while ago, I had decided to teach a Dabble class on pitching to angels. If you live in Chicago, Milwaukee or Denver, you ought to buy friends Dabble classes for the holidays. …






What’s The Most Important Part of The Sale?

When you are out pitching your company to investors, or once you raise money pitching your company to customers, what’s the most important part of the sale? I might argue that it’s the appointment. Many times it’s just hard to …






Innovation Is Everywhere

Friends of mine had a Christmas party up in Madison, Wisconsin so my wife and I decided to go.  Zach Brandon and Allen Dines had been telling me there were good things happening in Madison, so I posted some office …






Microeconomics Monday-Economies of Scale

A lot of times CEO’swill say they are trying to achieve economies of scale with a particular acquisition.  Sometimes it will be in building a new plant, or starting to operate an existing plant differently.  Entrepreneurs in their presentations will …






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 …






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 …






Failure Is Hard

One of the things about being in a start up is there is a high failure rate.  As a matter of fact, and statistics, most fail.  Learning from failure is one of the tricks of the game.  Marc Pincus failed …