Posts in Uncategorized

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, …

People Gotta Eat

The video above is eye opening if you don’t understand modern farmers.  When I traded, we had a fair amount of traders on the floor that grew up on a farm.  They’d be the first to tell you farmers are …

Dividing the Equity Pie

One of the hardest things to do in early stage startups is dividing up the equity.  I have been asked for advice on this from time to time but I never had a good answer.  Mike Moyer, who teaches entrepreneurship …

The MBA and Venture Capital

Ran across a piece where the University of Wisconsin said they were starting to think about dropping their MBA program.  Big Education is in a tough spot.  It’s expensive to go to college these days.  You can find ways around …

A Great Discussion on Churchill and Orwell

I thought this was a great discussion. Hope you enjoy it too. Yesterday I was at a lunch and picked up a book on Winston Churchill called “No More Champagne”. Churchill saved western civilization almost singlehandedly.   The author David Lough …

Is There A Problem With Short Term Trading?

One thing that is interesting to me is the diatribes against short-term trading in markets.  If a trade is made and exited in the blink of an eye, does it hurt the company or the market?  A lot of people think it does.  …

Coase Rules

One concept that believers of centralized economies detest is the theory of Ronald Coase.  Coase Theorem is one of the most important economic theorems out there.  In fact, it’s what I would call a bedrock theory.  A lot of classical …

The Tipping Top

One thing I have noticed in startups is if things start to spin out of control, they tend to stay out of control.  Like a top that gets off kilter, the startup rarely seems to recover.  It will be interesting …

You Must Tell A Story

Yesterday I had the good fortune to attend a lunch where Arthur Brooks was speaking.  I like his book, The Conservative Heart and recommend it to anyone.  Arthur is always provocative when he speaks. He speaks around 180 times a …

Should You Have An Exit Strategy?

Apple CEO Tim Cook was speaking to students and said if a VC changes in the middle of a pitch and quizzes an entrepreneur about an exit strategy they should leave.  I find that interesting.  One time when I was …

The Responsibility of The Director

When you sit on a Board of Directors, you have a lot of responsibility. It should never be a passive activity. At their worst, directors can be overbearing burying themselves in the minute details of the business. They can be …

Don’t Beat Yourself

Doing a startup is hard.  It’s one of the hardest things anyone will ever attempt.  A few people come together and try to execute on a single idea that hopefully can become a multi-million dollar company.  It’s absolutely brutal and …

Where Disagreement is Embraced

Monday, the Nobel Prize for Economics was given to Professor Richard Thaler of Chicago Booth.  He has been on the Booth faculty since 1995.  It’s notable because it is another Nobel Prize in the trophy case for a Chicago economist.  …