“Oh, you’re an angel investor! Isn’t that risky?” I hear such drivel all the time. Are people afraid of outsized returns? Or perhaps they don’t understand risk, don’t know how to measure it, or how to take control of it. Yet all that is quite easily done and it’s a real charge to play the game using a Monte Carlo simulation (MC). I’ll show what’s likely to happen if you follow three simple rules. Then I’ll break one rule—just a little bit—and we’ll use the simulator to see what happens. Continue reading
Category Archives: Education
IN YOUR FACE RISK
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Filed under angel, angel investor, Business, Education, Entrepreneur, Entrepreneurship, High Tech, Startup Companies, Startups, vc, venture capital
THE SAY/DO RATIO
You lose him. Jack Heyden was your father, your brother, maybe your son. A deep, intimate relationship. You know his profession—not the details, just what he did for a living. Normal so far. Then things start to turn.
His business colleagues invite the family here, and you all come, nerves raw from the shock that death brings. You arrive early, numb from the flurry of duties, people, and rituals that clutter such times and obediently take your seats in front, gazing about the room.
You have no idea what to expect. Continue reading
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Filed under Business, Characters, Education, Entrepreneur, Entrepreneurship, Influence, Relationships
5 STARTUPS WE LOVED FROM TECHWEEK
Chicago’s Launch Competition
by Jeff Segal
Why does a B2B digital marketing agency that works with some of the biggest and best-known companies in America send a team to a startup competition?
Because marketing and startups actually have a lot in common.
- Marketing is about problem solving, and startups are founded to solve problems.
- Marketing is about storytelling, and every startup has a story.
- Finally, a great marketing campaign and a successful startup both make people say, Wow, I wish I’d thought of that!
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Filed under angel, angel investor, app, Business, Education, Entrepreneur, Entrepreneurship, High Tech, Low Tech, mobile, mobile internet, Relationships, Startup Companies, Startups, vc, venture capital
LIAR
How Far Will You Go to be Loved?
by Howard Tullman
You’re ambitious, motivated, and totally committed to your company. But are you strong enough to always tell the truth?
Continue reading
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Filed under angel, angel investor, Business, Conflict, Education, Entrepreneur, Entrepreneurship, Influence, Relationships, Startup Companies, Startups, vc, venture capital
THIS AIN’T NO LEMONADE STAND
What if y’could combat starvation by producin’ yer own meat ‘n potatoes—and do it right at da local food bank? Hey, I’m lookin’ at a real working prototype here. What about a solution to student debt? Or, maybe fer yer next birthday party, ever’body plays laser tag with drones? Or learns music real fast? Or gets a little help rememberin’ stuff. I can use summa that. Continue reading
MAY THE FOREST BE WITH YOU
Using Whole Trees in Building Construction
Neil Kane
If there was ever a way to combine high tech and high touch as John Naisbitt stated in High Tech, High Touch, his 1999 follow-up to his 1982 bestseller Megatrends, “embracing technology that preserves our humanness”, WholeTrees Architecture & Structures of Madison, Wisconsin epitomizes it. WholeTrees is an innovative company that has hit it out of the park in terms of innovating on technology while providing a substantial impact return, all while having one of the most gorgeous and aesthetically pleasing product lines you’ll ever see. Continue reading
THE 10 COMMANDMENTS OF STARTUPS
Getting a business off the ground is difficult enough. Don’t commit the mistake of making it more complicated, too.
[Editor’s Note – These are business principles that every writer should know.]
Filed under angel, angel investor, Business, Education
KILLER SHILLER
John Jonelis
At Loop Lonagan’s urging, I’m walking his 85 pound bull terrier Clamps down the hard Chicago winter pavement. I don’t mind because it’s an opportunity to road test my two knee replacements. That’s right; I’m the happy product of the wonders of modern orthopedic carpentry! And I enjoy the best physical therapy known to man because I own the company!
Old Donatas Ludditis flanks my other side to make sure I don’t slip on a stray patch of ice. Despite my upbeat attitude, I hold Clamp’s heavy leather leash with some trepidation. In my condition, I seriously doubt my ability to control such a large and volatile animal. Continue reading
Filed under angel, angel investor, Biography, Business, Characters, Conflict, Education, High Tech, loop lonagan, Story, vc, venture capital
APPLESAUCE AND APPLE
THE FINANCIAL MINDSET OF A NEW GENERATION
Tom McBride and Ron Nief
The students who began college this past fall have a forty percent chance of graduating in four years, and a seventy percent chance of graduating in six. Having grown up in the Great Recession they can rarely take money for granted. They are more interested in money than in love, unlike their parents, who may have grown up as hippie advocates of free love during the far more prosperous 1960s. Continue reading
THE DRAGON LADY AND THE BIG BAD DUCK
By John Jonelis
■
“Tell me a story, Uncle Loop.”
“Okay Princess, that’s what I’m here for. First let’s get you all tucked in and ready fer bed.” Loop Lonagan sits back in the chair and opens the news app on his phone. “Let’s see what we got here.” He runs down the headlines.
- “GANG SHOOTING ON HALSTED—No that’ll just get ya all riled up.”
- “TERRORISTS ABDUCT CHILDREN—Nope. Too scary.”
- “LOCAL REP ACCUSED OF EMBEZZLEMENT—”
“What’s ‘bezelment, Uncle Loop?”
“Ferget it kid. Way too boring . Here’s another one.”
- “TRUMP IN BED WITH CLINTON—”
The small voice turns suddenly shrill. “That one! Read me that one, Uncle Loop. It’s a bedtime story.” Continue reading
Filed under Characters, Conflict, Education, Influence, loop lonagan, Politics, Relationships, The Economy
RAW TALENT
Ever want to be a Shark on the popular reality TV show? Wish you controlled a billion dollar investment account? Wonder what it’s like? I’m here at Chicago’s 1871 incubator doing it. Emotions run high. Hey, mine are running away with me. That guy on the end keeps grabbing all the deals! Continue reading
YOUR BUSINESS AND YOUR CHILDREN
“Why am I doing this?” That’s the question dominating a President’s Advisory Committee board meeting (PAC). None of the members—all business owners—intend to give or sell their business to their children. Instead, in a reversal of traditional social norms, all of them plan to use their wealth to empower their children on whatever paths the kids happen to choose.The members range in age from early forties to mid-fifties. Each of them has done very well. Their children range in age from the early grades to out-of-the-nest adults.
Filed under Conflict, Education, Entrepreneur, Entrepreneurship, Giving, High Tech, Low Tech, Relationships, Startup Companies, Startups, The Economy




















































































































































































