SAFES, Convert Debt, and Startups

There was an article in Techcrunch yesterday on SAFE notes and how they were surprising entrepreneurs.  The headline is a bit of clickbait.  I read the article and then emailed it to some attorneys in Chicago that really understand venture. …

It’s Lonely At Seed

When WLV pitches to potential investors, they always ask “Why Seed?”.  It’s a great question and one we love to answer.  Most investors we know prefer to invest at Series B, and some are filtering down to Series A.  Some …

How Can A Pit Be Controversial?

Read an article in the WSJ about how Box Options wants to open trading pits for options. Currently, they are SEC regulated and an entirely electronic options exchange.  They want to open a pit for strategic and competitive reasons. Many …

T-Mobile Didn’t Work Either

A couple of weeks ago, I blogged about how I was switching from ATT to T-Mobile.  I didn’t want to go to Verizon because it was too expensive, and I don’t know anyone that likes their service.  Let’s be honest, …

Gender Discrimination in Venture Capital

Is there gender discrimination in venture capital?  A lot of people say that there is.  In my neck of the woods here in Chicago, I haven’t seen it.  But, at the same time, I am not going to say it …

How To Integrate Mission Into Your Business

Fred Wilson posted this video on his blog. It’s a great video. Every entrepreneur should listen, and then integrate it into their business. It’s hard to integrate this into your business. Where do you start? One of the things that …

America Has Been Deeply Divided Before

Saw a lot of posts about how divided America is today. It’s not the first time. Back in 1800, there were those that followed Jefferson and those that followed Hamilton/Adams. We had the Civil War, which was our most divisive …

Sage Advice From My Buddy OLA

People always wonder “what skills are transferable from a trading pit to a ‘real career’?”  My friend Jim Mercola (OLA) posted this on his Facebook the other day and I thought I would share it with you.  Other traders can …

Something to Remember on the 4th

The 4th of July is an auspicious day in human history.  For the first time, a society was organized around the principle that the rights of humans came before the rights of the government, monarchy or ruler that administered them. …

Delaware Paves The Way For Blockchain

Delaware’s legislative assembly paved the way for blockchain stock exchanges this week.  It’s important because almost all major corporations are chartered under Delaware law. Matthew O’ Toole who is the chairperson of the corporate law section of the Delaware bar …

Megalytics is Hiring!

West Loop Ventures portfolio company Megalytics is hiring.  They have a great team, and it’s a great place to work.  Donna is on the bleeding edge of something big in commercial real estate. If you are a person that wants …

What Do You Think of ICO’s?

Over the course of the last year, I have been watching the ICO market.  I haven’t traded it at all.  Some people I know trade them pretty actively.  I just took a peek at Ripple. Ripple is an open-sourced payment …

Business is Always At The Margin

At the margin is a term often used in economics.   Economists often examine things at the extreme to learn things about the entire situation.  At the margin is a calculus problem.  The answer tells you how much “one more” …

Totally Could Only Happen With Social Media

Social media is supposed to connect us right?  Now it’s being blamed for Hillary getting beat and the Democrats general poor showing at the polls since 2010.  It’s being blamed for stupidity.  Hint, it’s not social media’s fault. Sometimes social …

The Superhuman

I had to share this video. Mike Byster is a friend of mine from the trading floor. Originally, he worked on the floor clerking for his cousin Norm Byster (NBB). Norm used to trade em up and Mike counted his cards …

Entrepreneur to Fund Manager

One of the things college students ask me is how to get into venture.  They see it as a sexy business.  By the way, it’s not. Over the course of the last year, I have had conversations with some very …

I Thought This Was Cool

Last Thursday before the Tech Week party I went to the iVenture Accelerator gathering at TechNexus.  If you don’t know about iVenture, it’s a startup venture lab run by Ryan Singh and Noah Wasserman at the University of Illinois in …