CryptoCurrency and Freedom

One of the features of cryptocurrency that fanatics advocate is freedom from all government. I don’t think this is realistic. But certainly in extreme cases you can see where cryptocurrency can fill a need when government totally breaks down-or is …






Clearing is Centralized, and Concentrates Risk

One of the things blockchain might be able to do better is clearing.  Clearing of swaps especially.  Under Dodd-Frank, the government mandated a lot of swaps clearing.  Logically, this made sense.  I was initially in favor of moving plain vanilla …






Frederick Douglass and Black History Month

Last evening I had the privilege of going to a celebration of Fredrick Douglass.  It was on the South side of Chicago at 47th and MLK Drive.  I didn’t know a lot about Frederick Douglass other than he was raised …






Innovation in Agriculture

When we were bullish meat markets we always said “people gotta eat”. There has been a lot of innovation in farming that people don’t always see. Innovation happens from seed genetics, to farming practices, to machines, to the factories that …






Trump Loses on Department of Labor Law

“With or without regulation by the federal government, the principle of ‘clients first’ is here to stay.” – Jack Bogle When I read the Department of Labor was wading into financial regulation, my first inclination was dread.  I didn’t trust …






Set A Goal For a Meeting

Humans tend to spend a lot of time in meetings. Craig Wortmann found that humans waste a ton of time in meetings. Most people only think that 5% of meetings are even productive.   I have blogged about how to …






Want To Start A Bank? You Might Have a Chance Now

We talk about how easy it is to start a software startup these days.  It’s cheap.  Two people in a garage.  Of course, academic studies have shown despite the ease, starting an entrepreneurial business is on the wane.  There are …






The Series B Investor

There are a lot of VC investors that prefer not to mess with early rounds.  They would rather initiate the investing cycle at Series B.  There are a lot of logical reasons for this.  Their funds are too large.  Spending …






What’s Old Is Old

I played a basketball game before the Super Bowl yesterday.  Reggie Jackson of the Detroit Pistons coached the kids.  He was a great sport.  We had a good time.  I am feeling it big time today.  There are so many …






Take The Pats

Super Bowl Sunday.  I am playing in a benefit basketball game today at Oakland University.  If you want to support FoundationForFamilies.org that’s who we are playing for.  But, really, we are playing for my friend’s son Sam. Sam had a …






The Cashless Society

Experts have said it for years but it’s never happened.  Everyone has talked about a cashless society for as long as I can remember.  We are starting to see it come true, but it’s not cryptocurrency that is leading it. …






It’s Simple To Care of Your Gluten Free Friends

This Sunday is the big game.  Super Bowl.  It’s become something of a national holiday.  Of course, I will be in Detroit, Michigan playing in Sam’s Game.  Read about it here.  But, I was thinking about how America entertains for …






Innovation in Education

Got a recent report on a company I invested in back in 2009.  It’s called Brilliant.  It is the largest social network of people solving math and science problems together.  They even have a Wikipedia for math and science.  The …






Two Big Financings In Chicago

There was some big news in Chicago this week.  Caterpillar is moving their HQ here from Peoria.  Bad for P-town, but good for Chicago.  At least they didn’t leave the state. In startup news, Brad Keywell’s Uptake raised $40M from …






Reading the Tea Leaves

Maybe the people buying volatility are right. From my friend Yra Harris blog, “The day that NAFTA began the Chines YUAN was devalued from 5.8 yuan/dollar to 8.7, a 50% devaluation. Today the YUAN is at 6.88 to the dollar. …






Thinking Bigger

Yesterday I did my normal 2.5 hours of yoga and then helped judge the Global New Venture Challenge at the Chicago Booth.  Always fun to hear a bunch of pitches that people worked hard on. As I make my way …






Challenges of Smaller Funds vs Being an Angel

As an angel investor, you can pretty much do whatever you want.  Angel returns in aggregate hover right around 27%.  VC returns are lower.  But, that too is aggregate and encompasses both funds that invest early and funds that only …






Gonna Lace Em Up One Last Time

On February 5th, I will be in Detroit to play in Sam’s Game.  The backstory on this is short and sweet. I met Dan Pelekoudas and Mike Spehn when I was a fifth-grader and we (along with some other guys) …