Winner Take All-Monopoly Takes None

One of the reasons we started Hyde Park Angels was to change the culture in the entrepreneurial community in Chicago.  Chicago had what a real estate developer would call “good bones”. We had: Top schools (Northwestern, Chicago, Illinois) Top entrepreneurial …






Corporate Inversions-It’s Just Math

This year, we have seen the stock market open up down 8.2%.  It won’t be coming back anytime soon.  Not only have all the Herculean Keynesian efforts by governments failed, but government policy is creating a climate where it’s very …






Cracks in Big Venture

The Big Venture formula that people read about always made little sense to someone like me.   I was reading Danny Crichton‘s article in TechCrunch and found myself thinking back to 1999.  Here is the formula as relayed by Danny: …






Locked My Keys In The Car

Yesterday, we were babysitting my daughters dog.  I put a photo of him on PeggSite.  We decided to drive out to the Forest Preserve and take him for a walk.  We drove out, fought traffic on the Ike, walked around, …






The National Cattlemen Say Markets Are Broken

Here is a letter from the National Cattlemen’s Beef Association to the CME.   The reason I post it is not to indict CME.  I post it because it is indicative of a lot of markets.  The cattle market is …






A Valuation Comeuppance

Is the seed and venture capital world about to go topsy turvy?  The roiling of the stock market has ripped the band aid off of the funding market.  Finally, we might be seeing Bill Gurley and Fred Wilson‘s cautionary words …






Startups And Corporates

Can startups and big mega corporations co-exist?  I used to think it was possible. I thought that linking startups and corporations was a good idea.  It sounds good on paper.  The reality is they are like oil and water. Sometimes …






Post Mortem on a Failed Startup

When you invest in startups, you see the good and the not so good.  Inevitably, you hear a lot of stories about why a particular startup failed.   Here is one startup CEO honest analysis of their company.  Hopefully, this …






Perfection is Impossible

My wife and I were talking about perfection.  We both have perfectionist tendencies and fight it.  Everyone intuitively and logically knows there is no such thing as perfection, but boy is it human to try and attain it.  It has …






Chicago FinTech Incubator

Some people are mulling about putting a FinTech incubator in Chicago.  The futures industry built the city of Chicago.  Without it, Chicago would have probably lost to St. Louis as the hub of the Midwest. Chicago has been a financial …






Choose What You Want to Believe

This morning I read two entirely different articles on the same thing.  Michael Pento thinks we are going to have a recession worse than 2008.  He makes a logical case for it in this article.  He sees deflation.  My friend …






What A Week

SPY Price data by YCharts Look at the intraday volatility of this chart. Pretty amazing. The market needs Martin Luther King day off.  Right now, the only true trend is down. There aren’t any trends to hop on and ride …






Ideological Investors

Last night was the Republican debate.  I didn’t watch it.  I didn’t watch the State of the Union address either.  Most of the time, politicians just say things that are made for television soundbites.  One of the reasons Trump is …






Has The Bubble Popped?

Yesterday, Jason Calcanis wrote that the “bubble” has deflated.  He was on CNBC yesterday and talked about it.  If you don’t know Jason, you should.  He is a very good investor and very astute participant in the seed stage startup …






Do We Need End to End Encryption?

Max Levchin has decided to try and educate lawmakers on encryption.  This will be a difficult task.  I am glad he picked up the baton and is running with it. The reason this topic is top of mind is the …






What Skills Will People Need In the Future?

I started reading a book about what sort of skills people will need to have in the future in order to survive and thrive.  I am interested in this because I see the rise of robots and artificial intelligence happening …






How To Empower People: Where To Start

The other day I wrote about how to begin empowering people to help them lead sustainable lives.  It’s often said that America is a big experimental laboratory.  There are 50 states that act independently, so we have a chance to …