Posts in News

Where Can You Find Me?

For the next few weeks, I am going to be hanging out a lot at Nextspace River North in Chicago. We recently lost our space manager there and need to hire a new one. My wife and I worked there …

The First Close

When I co-founded Hyde Park Angels, I did it with the hope of eventually doing a fund.  I saw the writing on the wall for pit trading where I had made a living since 1986.  Little did I know how …

Before You Get Too Cheery About the “Trump Rally”

I subscribe to the Tastytrade newsletter and read it every morning.  I don’t always agree with them, but they always have some interesting ideas and things to think about.  Being an old trader, I always keep an eye on the …

If You Are A Bitcoin Developer, Don’t Walk, Run To Chicago

Yesterday at a Chicago Blockchain conference, the state of Illinois made a presentation. Illinois is going ahead with an expansive Blockchain initiative. The idea is to work with them to get the right amount of regulation. In other words, during …

Accepting Failure

One of the hardest things to do is accept failure.  Humans are generally competitive.  We like to win.  Intuitively we know that everyone shouldn’t get a trophy.  Sometimes other people do better than us.  We know it deep down inside, …

The Upstarts Are Coming

Brady Dougan is starting a merchant bank.  “What’s a merchant bank?”, you might ask if you didn’t know about financial services prior to 2000.  Merchant banks were mostly consolidated after the repeal of Glass-Steagall. Dougan was the former CEO of …

Repeal Dodd-Frank; Repeal Sarbanes-Oxley

One of the reasons we had the election we did was that people all over the United States are hurting economically.  It doesn’t show up in broad government statistics.  But, I have travelled all over the country and seen first …

The Election and Your Startup

I have been reading various posts from Venture Capital partners about “Trump and your company”.  Since I am out of step politically with 99% of the VC community, I have a much different take on the election. First, elections generally …

There Is Hope

I was reading Peggy Noonan’s column this morning.  I don’t always agree with her, but she is a terrific writer.  Very thoughtful.  One thing she wrote today stood out to me. When asked to describe the America they want, they …

Putting On An Event-The Business Blockchain

I don’t put on very many events.  One reason we think they are important is to further develop the Chicago Fin Tech network.  As we continue to raise our fund, we are going to start trying to do more events …

The Business Blockchain Event in Chicago

Blockchain has been talked about a lot in the startup community.  However, it’s not really understood well.  What’s the impact of blockchain going to be?  It’s really hard to tell. If you don’t know about blockchains, you should.  Here is …

The New iPhone

I have a cell phone.  I am not a big “have to have the newest cutting edge” cell phone guy.  For startups, there are certainly differences in the way you have to program apps on them, and in the target …

VC Returns; What To Expect.

Yesterday, they published Andreessen-Horowitz venture fund returns. a16z shook up the VC world a bit when it started. They have done a lot of things differently, and other VC’s weren’t too happy. I don’t care too much about all that …

What’s The Right Tax Rate For Carried Interest?

There’s a debate going on over carried interest.  Both Trump and Clinton have said they are going after hedge funds. Clinton has even advocated for a transaction tax, which is one of the stupidest taxes of all time.  Taxing the …

Free Speech

Free speech is guaranteed by our Bill of Rights.  It’s core to America. Free speech is under assault by progressives all across the US-especially in our nation’s universities and public school systems.  Hopefully, we started to turn a corner yesterday. …

Virtual Learning

There has been a lot of promises made about virtual learning over the years.  It’s getting better as technology improves.  Yesterday, on my drive back from Minnesota I heard an ad on the radio for Minnesota Virtual Academy.   There …

How To Fix Capitalism

Since the political campaigns, and even before them, I saw a lot of articles, tweets, comments and other media on how to fix capitalism.  It seems people are really upset with capitalism.  They blame it for income disparity and the …