Paul Revere’s Ride And Network Effects

Started reading a book about Paul Revere’s Ride.  It’s by David Hackett Fischer.  It’s interesting.  Revere’s ride has been characterized as a solo rider screaming “The British are Coming” through the streets of Boston.  That’s not true.  The ride took …






Happy Easter

Hope you make it a great day.  We are headed to the beach early this morning for a sunrise service.  Then, off to a pancake house for our traditional breakfast.  Not too cold this morning but a little rainy.  Making …






Chicago, Fin Tech City

Mayor Rahm Emanuel’s office announced that Chicago was named one of the top financial technology hubs in the entire world.  The entire report was compiled by Deloitte.  Here is a link to the report. Chicago has a deep history of financial …






The Bezos Letter And Company Culture

Amazon sent their stuff to the SEC.  Jeff Bezos wrote a letter that is extremely interesting.  The letter lays out the Amazon culture.  There are a lot of different lessons that can be gleaned from the letter.  For example, Bezos …






The Airline Web Experience

No doubt you have heard about the United passenger that was hauled off the plane because they overbooked.  But, airlines have many more things that are wrong with them than manhandling customers.  Personally, I hate to fly.  On Tuesday we …






The Answer is “Delaware C Corp”

Recently, I have seen posts on whether you should start out as an LLC or C Corp.  I was talking to a good friend of mine that has been around venture for almost his entire professional life.  The answer is …






Tech CEO’s Should Ignore Some Advice

In Recode, there was an article about VC Bijan Sabet.  He has an enviable track record and is one of the best VCs out there.  Other VCs I know feel exactly the same way as he does about our current …






Maybe We Need to Redefine What A Small Business Is

On CBS Sunday Morning, they had a segment about three women in Wisconsin that are challenging Big Food.  They are challenging the Wisconsin law that prohibits the sale of home baked goods.  The Republican Speaker of the House won’t bring …






The Raise

One of the biggest conundrums in entrepreneurship is raising money.  When to raise, how much to raise, who to raise from.  When things are going well, it’s easy to raise money.  When things are not going well no one wants …






Innovation Has Unintended Consequences

One of the best things about economics, if you think about it right, is you see both sides of the coin.  Costs/Opportunity Costs and other concepts are very powerful.  My friend Professor Craig Pirrong is an economist.  He teaches at …






The Difficulty With Blockchain

Yesterday I was at the OnRamp conference in Chicago.  The guys at Gener8tor put it on and they do a good job.  OnRamp is about insurance and fin tech. One of the panels that they had was on blockchain.  If …






Can You Give a Bad Review?

Lately, I have been pondering something I don’t know the answer too.  Over the course of the last ten years, social media has exploded.  Crowd reviewed sites like Open Table, Trip Advisor, Yelp, Foursquare and others have dominated.  Sites like …






Don’t Tip Your Toe in The Water: Go For It

Yesterday I met a really successful entrepreneur.  They had built companies their whole life.  Some went IPO.  Some just got acquired.  One of the most interesting things about the conversation was that when it was time to press the button …






How To Do Social Entrepreneurship Right: Guard Llama

Social entrepreneurship has been a trend.  I think it’s great to use capitalistic enterprises to solve problems.  But, there are some troubling trends I am seeing within social entrepreneurship.  I have written checks to companies that clearly perform social good …






How Long For Robots?

Most of the stuff you read these days is all politics, even when it comes to real data. Here is an example. Recently, Trump’s Treasury Secretary Steve Mnuchin said it would be 50-100 years for robots. I’d love to see …






Quick Getaway

Went up to Harbor Country in Michigan for the evening. It’s a short getaway from Chicago. If you aren’t familiar with it, it’s like our “Hamptons” but not as chi-chi. Some big cities have natural getaways. Chicago people go to …






The Privacy Debate

Over the past week, I have seen a lot of outrage over the rollback of rules regarding Internet Service Providers (ISPs).  Let’s get something straight off the bat.  The internet is being regulated by rules that were written in 1933 …