Category Archives: Giving

POWER PITCH

by John Jonelis

What happens when you give kids—kids gifted in math and science—a real chance to bust out with their God given talents and excel?

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  • What if you trust them to lay their greasy little hands on equipment normally available only at elite universities?
  • What if you allow them to direct their own time?
  • What if you challenge them to construct their own goals and learn by themselves how to accomplish them?
  • What if you dare them to build real startup businesses at such a tender age?
  • And what if you throw them into a competition against a panel of critical judges from the real private equity world?

What happens? Good things!  Good things happen! They happen here at IMSA – the Illinois Mathematics and Science Academy. I’ll give you an intimate peek at the inner works of this educational powerhouse so you can see for yourself what makes this one of the biggest success stories in the country. Continue reading

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Filed under angel, angel investor, Business, Education, Entrepreneur, Entrepreneurship, Giving, High Tech, Startup Companies, Startups, vc, venture capital

BEST GIFT

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by Mark T Wayne

“Whaddaya think is da best Christmas gift o’ dem all?” Loop Lonagan puts this puerile question in a peculiar verbal form he calls the American language just as Donatis Ludditis and I innocently raise a Christmas toast at that notable Chicago landmark, Ludditis Shots & Beer.  The place offers several distinct advantages.  Our host never presents a bill for our proclivities and the back room houses our magazine offices.

“I got best gift! Is this!”  Ludditis states his case in his Lithuanian accent, and passes fancy boxes across the table.  “This one for you, Mr. Wayne. Is Christmas!” Continue reading

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Filed under Characters, Conflict, Faith, Giving, loop lonagan, mark t wayne, Relationships, Story

YOUR BUSINESS AND YOUR CHILDREN

Child Executive0001 TBy Nick Arvis

“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.

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Filed under Conflict, Education, Entrepreneur, Entrepreneurship, Giving, High Tech, Low Tech, Relationships, Startup Companies, Startups, The Economy

A LOOP LONAGAN CHRISTMAS

Clamps Portrait TJohn Jonelis

This is outrageous. I’m concentrating on my computer screen when a huge mitt grabs me by the back of the belt and plucks me from my chair. Next thing I’m dangled high over the desk, arms and legs flailing till I steady my balance and end up nose-to-nose with Big Bill Blair, our urban Paul Bunyan.

“‘Scuse me, Mr. Jonelis,” he says in a slow polite rumble that carries with it a stale smell of corned beef and cigar.

Big Bill slowly chews gum. Looks disinterested. Acts like nothing’s unusual. Continue reading

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HIGH TECH HIGH TEA

Thomas EdisonTechBash – Part 4

John Jonelis

I‘m at Chicago’s premier social incubator – i.c.stars. Fresh faces of their current crop of interns rim this boardroom-sized table. All neat. All professional. As the tea makes its rounds, I hear well-crafted introductions. Mannerly. In-depth. Heartfelt. Spoken by people who have known each other during months of intense struggle. It’s more like introducing family than business associates. Continue reading

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THE APPRENTICE MEETS DIGITAL BOOT CAMP

icstarg 1Techbash – Part 3

VERBATIM – John Jonelis

This is a story of high expectations, high reality, and high energy. I may as well give it to you straight, because Loop Lonogan would want it that way. He’s in the lockup. Too much hard partying on Twelfth Night. His guests spilled into the street and all kinds of trouble erupted—part of it involving a policeman he knocked cold. So I’m here at i.c.stars headquarters. Here to finish Lonagan’s series of articles. I’m talking to the president and co-founder, Sandee Kastrul. Continue reading

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GIVING BACK

DSC_0911 TTechBash – Part 2

by Loop Lonagan

as told to John Jonelis –

Seems to me Christmas is all about givin’ to other people and I say we keep it that way. I love Christmas. Ever’ year I start my celebration on Thanksgiving and don’t take the tree down till January the Fifth. That’s Twelfth Night fer youse guys that don’t know. That night I throw a big party, hire cooks, a piano player, ‘n’ ever’body burns a branch from the tree before they leave.

There’s an outfit right here in Chicago that keeps the spirit o’ giving alive all the yearlong. They find people with talent, creativity, intelligence, hard knocks ‘n’ plenty o’ moxey. Then they pay ‘em to train fer big-time jobs. That’s one o’ the nicest gifts you can give a person with them kinda attributes—a chance to use what they got inside themselves. Think about it—all that potential just waitin’ to burst out so bad a guy could explode. Continue reading

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TALENT HIDES

icstarg 10aTechBash – Part 1

By Loop Lonagan,

as told to John Jonelis –

I feel the bite of Christmas in the air. It’s the season o’ giving. I’m here at TechBash coverin’ fer Da May Report but I never seen an event like this before. Right away, I get hit with pounding music, flashing lights and maybe a couple thousand er more people. Place is fulla bigshots. So many C-level execs at one party—mosta them CIOs o’ big corporations. And the food and open flowing bar. I mean, this is a HUGE party that puts Dennis Koslowski and Tyco to shame—but this one’s legit. Lemme tell you about it: Continue reading

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HEART OF GOLD

Heart of Gold TJohn Jonelis – I knew something outstanding was going on, but when a friend raved about it, I had to stop procrastinating and find out more. Continue reading

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GIVE IT AWAY

Impact Engine – Part 5

John Jonelis

Verbatim transcript from a special correspondent

Impact Engine

Loop Lonagan back at Impact Engine Investors Day. The Chase auditorium’s packed with angel investors and venture capitalists AND philanthropists that’d rather invest in self-sustaining ventures than just dump their money down the old rat hole. Continue reading

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