Posts in Uncategorized

Blockchain and Immigration

I have been wrestling with an idea for a while and it’s not fully baked.  I thought I would share it in a blog and see where it goes.  Clearly, it’s an idealized idea at this point but I think …

The Chicago Bitcoin Summit

On October 10, FinTank is going to host a day long Bitcoin summit.  Here is a link to get tickets.  I will be attending.  Hope to see you there. One thing Illinois has going for it right now is that …

Jamie Dimon Says Bitcoin Is A Fraud

There was a lot of shock and awe on my Twitter stream yesterday when JP Morgan CEO Jamie Dimon said Bitcoin was a fraud.  He would fire any employee trading bitcoin for being “stupid.”  The cryptocurrency “won’t end well,” he …

The Robo-Advisor

Over the past several years there has been a slew of robo-advisors introduced to the market. I see the appeal. Part of it is that people don’t know what investment advisors or wealth managers do. They have been satirized for …

Some Motivation

My friend’s Paul and Mark posted this video on Facebook. Most graduation speeches are boring. This one by Lou Holtz is not. Since it’s NFL kickoff, and we have a Category 4 hurricane hitting the coast of Florida, I thought …

Why Amazon Should Choose Chicago

Amazon said they are going to set up a second headquarters.  Currently, they are located in Seattle, WA.  Seattle is a great town.  But, for a distribution company like Amazon, it’s located in a tough spot geographically. Certainly, whatever city …

The Bitcoin Bubble

Eugene Fama once said, “You only see bubbles in the rear view mirror.” If you knew it was a bubble, you could take advantage of it in some way and the bubble would never happen.  The only way to “take …

Autonomous Tractors

Saw this video on Facebook.  Brings home my blogpost about how driverless vehicles will affect everything. Combine this tractor with IoT.  Eventually robots will be able to do livestock farming.  My first inclination when I thought about drones was how …

Sear Vs Reverse Sear

Football season is upon us.  Tailgates will happen.  Since I am from Chicago, I tend to think I know a little bit about meat.  After all, it’s the steakhouse capital of the world.  I ran across this article on Sear …

Getting Out is Tougher Than Getting In

One of the things you have to contemplate as a seed investor is how to get out of an investment.  There is a “liquidity premium” that investors have to pay.  You put money in, and it’s locked up.  But, because …

Corporate Taxes Do Make a Difference

A friend of mine works for Ernst and Young.  He is an international expert on corporate tax policy.  He has been immersed in it for almost his entire career.  When clients ask, he takes them to better corporate tax jurisdictions. …

9 Trillion Gallons of Rain

Houston got hammered by Hurricane Harvey. 9 trillion gallons of rain. Wow. Alligators on people’s doorsteps. Already, people are going to help. The Cajun Navy is already there.  Grocer H-E-B already lined up trucks and is on the way. I …

Chicago Fin Tech Event on Sep 13 at MakeSpace

When Kenny and I started West Loop Ventures, we had three things we wanted to accomplish.  Obviously, making money for our LPs and ourselves was a goal.  But the two other goals were different. One of them was to educate …

Getting Children Hooked on Technology

There is a big movement for governments to get kids hooked on technology.  While I appreciate the initiatives it’s important to realize not every kid is going to get hooked.  People are different and they need to be free to …

Book Review: Jason Calcanis “Angel”

I read the book by Jason Calcanis on angel investing.  If you are going to angel invest, it’s a good read.  If you are angel investing, it’s still a good read.  If you are an entrepreneur and you are going …

Should You Pay Deal by Deal, or Total Fund?

There are more than a few ways to organize a fund waterfall. Fund waterfalls are how all the investors get paid. The return comes in, and then all the distributions happen. There are different ways to structure waterfalls, but the …

YCharts on the Inc 5000

Excited to announce @ycharts has been named #1158 on the @inc5000‘s annual list of the fastest-growing private companies! #Inc5000 pic.twitter.com/tR2Suv0kcl — YCharts (@ycharts) August 15, 2017 YCharts has been named to the Inc 5000. It’s the best stock and ETF …

Shutting Down

The shut down of a company is final. It’s the end. There are similarities to every shut down of a company. Some investors get mad. They argue that it shouldn’t be shut down. The dream is still alive. If it’s …