Posts in Uncategorized

Is a Blockchain a Clearinghouse?

Many people think that clearinghouses can be replaced by blockchains.  The answer is it depends.  If we think about trade matching and having a transparent general ledger to show who traded with who and how many, blockchains can do that.  …

Even If You Think You Are Thinking Big, Think Bigger

Yesterday I was privileged to have been invited to a University of Chicago class to judge some student teams that were working on startup ideas.  It can be very interesting to listen to pitches in this format because you get a …

What Are You Going To Do With The Money?

This is a question that isn’t considered often enough.  Investors ought to really think about the answer before they ask it.  It’s a critical question that an entrepreneur needs to answer. One thing we know in our line of business …

The Black Friday

Americans will go out and shop for Christmas today.  Always interesting to me.  A mosque in Egypt was attacked and 85 people are dead.  The war on terror never stops.  I really detest those bastards.  I usually traded on this …

Happy Thanksgiving-It’s the Giving Season

We hopped in a car with my family and drove to Detroit, MI.  We are spending Thanksgiving with my sister’s family.  It’s nice to have my daughter who lives in LA home although our car was pretty crowded with four …

Creative Financing-Delayed Cap Notes

There are several ways to finance a startup at inception.  The traditional route is your own pocket and sweat equity or a “friends and family” round.  Seed investors like angels and angel groups come next along with seed funds. Typically …

The SEC Starts Focusing on Real Estate

People in the startup community have been both pro and con on the SEC regulating ICOs. But, there are other asset classes out there that already exist that have some shady activity. Real estate is one of them. RSM recently …

Have A Meaningful Veterans Day

The other day I went to a lunch and listened to my friend John Borling give a very animated talk about Veterans Day.  John was a Major General in the Air Force.  He also was shot down over Vietnam and …

Fin Tech Innovation Labs

Today I am headed to NYC.  When you live in Chicago you can turn NYC into a day trip. It’s a huge advantage.  In out and sleep in my own bed the same day but I digress. I am going …

Presentation to NAR

This past week I gave a presentation to the National Association of Realtors in Chicago. Thanks to Erin Stackley for giving me the opportunity to interact with them.  If you follow venture closely, some of the themes won’t be new to …

A Talk by Manouso

My wife and I have been actively doing Iyengar Yoga for over three years now.  We go 2-4 times a week.  On Sunday, the class we go to is two and a half hours long.  We try never to miss.  …

February Get Away

My wife and I are empty nesters.  We like to get away from the Chicago winters for a bit. It’s good to get away to get a different perspective.  One year, we went to Orange County.  Liked it.  Really wanted to …

What’s A Characteristic You Have to Posses To Be a VC?

Last night I spoke to an entrepreneurship class at Chicago Booth.  When I speak at classes, I never bring a Powerpoint.  I usually open up with a little bit about how I got to where I got, and then open …

Should You Own Your Data?

If we look at the way the internet has developed, massive juggernaut almost monopolistic companies have been developed.  They don’t pay for their resources.  Each of us willingly gives them resources for free. Google and search, Facebook and your life, …