Merry Christmas!

Merry Christmas to you and your family.  Peace on earth, goodwill to men.  It’s also Hanukkuh. Hanukkah Sameach to you and your family. After church last night, my family did our traditional poem gifts. It was funny. We pick a person’s …






Robots Scare People, They Shouldn’t

In this photo are three structural nodes, intended to hold cables above a road in The Hague. The difference is the node on the far left was designed by a human, and on the far right by a computer. More …






Are You In Control of Your Destiny, or Not?

People have different personalities.  Some feel like they need control.  Psychologists call them, “controllers”.  Regular people might call them “control freaks”.   Other people aren’t as concerned with control. There is no right or wrong personality.  Steve Jobs was a …






At Seed Do You Worry About Exit?

When founders pitch to seed investors, they get asked this question all the time, “How are you going to exit?”  Seed investors are acutely aware of the liquidity premium of cash.  They love to put cash in deals, but they …






Risk Taking Wanes

When I was in high school, I took a class in film.  It was taught by two English teachers, John Mostacci and Ralph Amelio.  They used film in the same way other English teachers might use a great Henry James …






Are Angels Muscling in on VC’s?

Read an article on AngelList.  It’s a pretty cool platform.  Here is a quote from the WSJ article: Since launching six years ago, AngelList has shaken up the venture-capital landscape, creating new players on the industry’s traditional turf and giving …






Jason Calcanis, On Fire With Truthiness

Yesterday I ran across a tweetstorm by Jason Calcanis.  He dropped some New York City bluntness on people.  I love it.  He is a very experienced seed investor.  He runs Launch, which is an awesome event.  He grew up in …






Interacting With Your Board

My friend Jim Gray was on an HPA panel recently and offered up some advice on how to interact with your board. How to Present Information to Your Board from Hyde Park Angels on Vimeo. If you don’t know Jim, …






Some Bitcoin Stats

Bitcoin value was up 70% this year.  It’s a sign of supply and demand, like any market.  I don’t think Bitcoin is one step closer to mass adoption, but having a higher valuation at the end of the year than …






A Hurdle In Fin Tech Revolutions

When things start to revolutionize it is interesting to watch how people view it.  Existing entrenched competitors want to strangle innovation in the crib.  Some people scoff at it and say it’s a stupid idea that will never ever work. …






The First Close

When I co-founded Hyde Park Angels, I did it with the hope of eventually doing a fund.  I saw the writing on the wall for pit trading where I had made a living since 1986.  Little did I know how …






What Are the New Norms In FinTech?

Saw this chart from McKinsey and wanted to share it. Fin Tech is changing. Everyone can grasp B2C Fin tech.  Apps for your phone are easy to download and use.  Payments, expense records, checking, savings, and investing have already changed. …






Before You Get Too Cheery About the “Trump Rally”

I subscribe to the Tastytrade newsletter and read it every morning.  I don’t always agree with them, but they always have some interesting ideas and things to think about.  Being an old trader, I always keep an eye on the …






Should You Pay to Incentivize Innovation?

It’s an interesting question.   Shouldn’t we innovate because of passion?  Shouldn’t we be innovating because we want to move the world forward?  Shouldn’t we be innovating because of some internal drive to solve some problem? Or Can we offer …






The Entrepreneurial Selling Process-Execution Phase

One of the great things about the Chicago entrepreneurial ecosystem is we are blessed with a lot of professional salespeople.  Chicago is a B2B salesperson paradise.  They live here because of logistics.  O’Hare gets you anywhere.  It’s fun to interact …






The Entrepreneurial Selling Process-Filtering

Everyone loves process these days.  Randomness is out.  The entrepreneurial selling process can feel totally random.  It’s up to entrepreneurs to control their process so it is not.  How do they do that?  Segmentation. It’s really a three part process. …






Most People Think Selling is Slimy

I signed up for Professor Craig Wortmann‘s Coursera class on selling.  I have never done a Coursera class.  I am excited to try it.  My first job was selling for 3M.  I am a bit rusty, and things have changed …