Posts in News

The Foibles of Tax Bills

As the details of the tax overhaul come dribbling out, I noticed one yesterday that seemed odd.  There is a backdoor capital gains tax hike in the bill.  Predictably, there was some outrage since there seems to be something to …

Early Stage Financings Drop

When I read the Techcrunch article on the early stage finance drop it resonated with me. It is where we invest in as a fund, and it’s what HPA did when I co-founded it way back in 2007.  Virtually all of …

Should Platforms Like Google And Facebook Be Regulated?

If you don’t know who economist George Stigler is, you should. He received a Nobel Prize for proving the concept of “regulatory capture”. We see it again and again and again in all industries. Finance is where some of the …

Avoid The Perception, or Temptation of Any Impropriety. Get Deskpass!

The tally of sexual harassment offenders that have been outed in the past few months is too long to name.  High profile journalists, venture capitalists, businessmen, and politicians all have been implicated.  I am sort of surprised we haven’t seen anything …

Why Can’t A Country Do an ICO?

Yesterday I saw where Burger King issued it’s own cryptocurrency in Russia, WhopperCoin.  It didn’t surprise me.  When I first started thinking about cryptocurrency, I hypothesized that big companies would use it for their supply chain management and to lock …

Some Common Sense Economics

The economics geniuses will be out at Jackson Hole this week to discuss the world’s economy.  I love what my friend Yra Harris wrote: In July, Barry Ritholtz posted an interesting article by Alan Jay Levinovitz in Aeon Essays titled, “How …

Chicago And Food

I go back and think about the first meeting we ever had of Hyde Park Angels, the angel group I spearheaded, in April of 2007.  It wasn’t a pitch meeting, but a “meet us” meeting at the Gleacher Center in …

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 …

What Makes You Happy? Experiences.

As an alum of Chicago Booth, I look forward to reading their magazine.  It has an article or five I always find interesting.  I tore one below out and wanted to blog about it. The study is “Cultivating Gratitude and …

Deliberative Practice and Grit

While on vacation, I read a couple of books.  One of them was Grit (which I still have to finish).  It’s a great book. I was intrigued because her initial research on grit was with West Point cadets. Since I …

Accounting Versus Economics When It Comes to Tax Policy

Trump is moving ahead with his tax plan.  Strategically, it’s smart to do this now because everyone in America just paid taxes.  I guarantee that no one will report it correctly no matter what their political bias.  People look at …

How Long For Robots?

Most of the stuff you read these days is all politics, even when it comes to real data. Here is an example. Recently, Trump’s Treasury Secretary Steve Mnuchin said it would be 50-100 years for robots. I’d love to see …

The Founder Equity Split

Michael Siebel of Y-Combinator wrote an excellent blog on equity splits among founders.  I love some of the points he made and they cannot be underestimated.  The conversation about splitting equity will help you have a conversation that helps founders learn …

ROI on Entertainment Spending

When things get tough inside companies, one of the first budgets to get hacked is entertainment. It’s an easy hack. One of the reasons it’s an easy thing to cut is there is virtually no data-driven metrics around it. “Hey …

No Occupation Is Immune From Automation

When I speak to students at Universities about entrepreneurship and what I am anticipating for the future, we eventually talk robots, artificial intelligence and machine learning.  Those three things are going to put a lot of people out of jobs. …

Things That Make You Go Hmmmm

A lot of the time during this process, I am on my computer reading stuff. We talk. We have moments of intensity. Then, we retreat.   My father in law passed yesterday.  Hospice people are really great.  One of the …

Trump Loses on Department of Labor Law

“With or without regulation by the federal government, the principle of ‘clients first’ is here to stay.” – Jack Bogle When I read the Department of Labor was wading into financial regulation, my first inclination was dread.  I didn’t trust …