“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
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
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!
by Howard Tullman
You’re ambitious, motivated, and totally committed to your company. But are you strong enough to always tell the truth?
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
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.]
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
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
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