CPS Solution to Fiscal Crisis in Chicago

As a citizen of the city, and a person that wants to see it prosper, I am open to a lot of ideas on solving the fiscal crisis government officials have built.  Chicago Public Schools are $10B in debt.  That’s …






Questions, There Are Questions

Recently I saw a tweet about “Venture Deals”.  I clicked on the link and decided to join a free class taught by Brad Feld and his partner Jason Mendelson.  They do it along with the Kaufman Fellows program. It’s a …






The First Ten Hires

One of the things that is totally underestimated by startups is hiring.  Hiring is a total pain in the ass.  However, it’s a skill that will make or break the business.  Interestingly, in Chicago there are a lot of startups …






To Be Or Not To Be Public

It’s hard to take a company public in the US.  Accounting costs go up.  It’s expensive  to go public.  There are bills to pay to lawyers and bankers.  But, I think it’s great for startups to go public. The US …






Do You Want To Raise Mark Zuckerberg?

Yesterday, the Wall Street Journal had an article on how to raise an entrepreneur and they used the same clickbait headline I did, Mark Zuckerberg.  I am all for raising entrepreneurs and I think what Mark Zuckerberg did with Facebook …






High Frequency Trading Does More Than Trade

One of the things that economist Tyler Cowan says is There are Markets In Everything.  People have lost faith in markets but indeed there are markets in everything.  Markets are the best way to allocate capital or assets known to …






How Much Money Should You Raise?

One of the tough things about being a first time entrepreneur is figuring out how to fund your company. Here are a few blogposts about fundraising. This is a link to a series of them from Ask The VC. Everyone has a …






When Only An In Person Meet Up Will Do

This is a hilarious, and touching story. In this day and age, there are a lot of virtual meet ups. Google Hangouts, Skype, and other virtual ways are used to connect us. At the University of Illinois this week, I …






What It’s Like To Get Your Job Automated

One of the things that scares the middle class today is getting their jobs automated by technology.  The pace of technology is moving so fast, it’s scaring the bejeezus out of people. I share this story because yesterday a person …






Capitalism Works

Yesterday I was at a lunch where University of Illinois alum Mannie Jackson spoke. If you don’t know him, he is the owner of the Harlem Globetrotters. He wrote a book called Boxcars to Boardrooms. One of the stories Mr. …






Is Reaganism Dead?

Interesting point by William Galston regarding Trump and the Republicans. He makes the case that Reaganism, and what Reagan strongly believed in was dead. In some cases, he is correct. The Republicans have lost the fight on a lot of …






Big News For Gluten Free Eaters

Yesterday, Simple Mills announced that their baking mixes will be available at Target.  If you are a person who is sensitive to gluten this is great news.  They are already available at a lot of grocery stores and are a …






A Moral Case for Breaking the Law

When the WW2 Museum dedicated P-51 last week, I recalled the words of Martin Luther King. He said, “One has a moral responsibility to disobey unjust laws.” Technology is moving at an unbelievable pace.  There are things that can happen that …






A Double Victory Becomes a Home Run

On Thursday, the National World War Two Museum dedicated a P-51 Mustang. It’s been restored to resemble the Tuskegee Airman fighters that escorted bombers into enemy territory. Here is the video of the entire dedication. It’s full of plenty of …






Be Clear and Clean

One of the things that venture capitalist Bill Gurley touched on in his epic post was the terms of deals. One thing that I always admire is really clean term sheets. I value them-and never try to be in a …






How Do You Know The Asset Rally is Fake?

As a very observant market watcher, I have seen all asset markets rally since the beginning of the year.  Was the big break in January that ended on February 11 the bottom? I don’t know. You go broke picking tops …