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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THE NAME IS IN2

by John Jonelis

What happens when you give kids—highly gifted in math and science—a state-of-the-art facility entirely dedicated to entrepreneurship? This could be the best-designed business incubator on the planet and the students are going to create real businesses here. Hey—this is too much fun! It sure doesn’t look like high school to me! Where did they put the usual long halls walled by the usual rows of lockers?  Where are the standardized rigid rectangular classrooms?

This is IN2, the new entrepreneurship center at IMSA—the Illinois Mathematics and Science Academy—the Statewide high school for the best and the brightest.  It’s located near Chicago and students live on campus, as if attending a university four years too soon.

IMSA will host a big party and ribbon cutting for the new IN2 innovation space on the 30th of the month—that’s the 30th anniversary of the school’s founding.  I had the unique opportunity to preview this amazing facility.  Here’s a sneak peek: Continue reading

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HAT TRICK

20161220-20150207-_jaj5090tby John Jonelis

He can feel it, hear it—his heart—beating hard, beating fast. Pounding above the din of those big nubbly tires and the blast of snow hitting the wheel wells.  Is it anticipation?  Fear?  Primeval blood lust?

How will it feel to gun down a living animal? Can he really pull the trigger?

Today, Loop Lonagan joins seven seasoned hunters and four highly trained dogs to indulge in what his editor calls one of the great joys in life—slaughtering a few of God’s creatures.  He’s a last-minute stand-in and rounds out the party to eight.  Two hunters per dog.  Perfect!  How did he let himself get roped into this? Continue reading

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ENGINEERING YOUR PITCH

jockey-and-horse-t-ms-officeInsights from the Cornerstone Angel Meeting

by Stephanie Wiegel

Angel investment deals aren’t made on the spot as the TV show Shark Tank suggests. Instead, entrepreneurs are excused from the meeting after delivering their pitches.  If you’re vying for early investment money, what’s said behind these closed doors can make or break a deal. Continue reading

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YOU MIGHT AS WELL DANCE

help-t-ms-officeIT Guys—Stop Playing Defense

by Howard Tullman

Not feeling enough love? Yes, techies are under appreciated until spit hits fan. But if you’re one of them, you’ve got a bigger role to play than you think. Here are three ways to raise your profile. Continue reading

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BILLION DOLLAR UNICORNS

unicorn-from-ms-office-tKenneth M. Freeman

The world seems captivated by the growing number of unicorns – private companies theoretically worth more than $1 billion based on their latest round of funding. There are now more than 100 unicorns, led by Uber with a valuation of $66 billion. Continue reading

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DRIVING VALUE WHEN FUNDING RUNS LOW

funding-tDavid Johnson

Overview

The funding environment for early stage startups has been shifting for some time, but as shifts accelerate, founders, executives, and investors should look to reassess their strategies to ensure that they remain optimal in a capital constrained environment. Q2 2016 saw the lowest rolling 12-month average deal flow for early stage investments since Q2 2013, this in spite of actual early stage dollars invested having increased by 127% over that period. Increasingly, early stage investors are looking to place fewer but more sizable bets on startups that are perceived as having the most promise. This can, and likely will, lead to a widening gulf between early stage startups that have a clear path to additional funding and those that may struggle to generate investor interest. Continue reading

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BEST GIFT

20160619-20160619-_jaj5955

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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INVESTING: IT’S ALL ABOUT THE CASH

cash-tby Scott M. Anderson

Angel investing is influenced by many factors affecting the startup including: technology, unmet demand, scalability and, most important, the founding team. These and many other factors will have a critical impact on the success or failure of the investment. However, there is one common factor to them all: Cash.

An investor and founder are in the elevator together. The investor says “Nice idea, how much capital do you need?” The founder says “$750K”. Investor says “Why $750K?” Founder says “We believe it’s the right amount based on other startups I’ve heard about.” Or she might say “It seems like the right amount based on the size of other angel investments.” Or she might say “It just seems like the right amount.”

Those responses are all wrong!! Continue reading

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TAKING ONE FOR THE TEAM

20161201-_jaj0288tby Mark T Wayne

Howard Brookins Jr, the alderman for Chicago’s 21st ward, was biking along Cal-Sag Trail on Nov. 13, when a squirrel darted into his path. The squirrel wrapped itself in the spokes of the alderman’s bicycle. [The Washington Post.]  According to the alderman, “I can think of no other reason for this squirrel’s actions than that it was like a suicide bomber, getting revenge.” [The Chicago Tribune.]

If this is revenge, there is good reason for it. Yes sir!  As the Post also reports: “Brookins denounced the eastern gray squirrel in a Chicago City Council meeting and has publicly spoken out about a toothy menace.” He complains of “aggressive squirrels that undermine efforts to overhaul the city’s trash carts.” [Chicago Sun Times]  He claims that squirrels are gnawing through garbage cart lids at a cost to the city of $300,000! Continue reading

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TRUMPED

donald-trump-tby John Jonelis

Political outsider elected president! Nationwide shock!  Emotions run wild!  Markets in turmoil!  Worst riots since Orson Wells’ WAR OF THE WORLDS broadcast!

Loop Lonagan watches the mayhem on television. People on the streets shout lewd obscenities—carry hate signs—crawl over cars—destroy businesses—throw bricks at police. “Da theater o’ dee absurd,”  Lonagan mutters, “Did deeze folks even vote?” Continue reading

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NO GOAT

no-goat-tby John Jonelis

This thing still replays in my mind. And the news is everywhere!

“The last real American sports story—the story of the team that couldn’t and seemingly never would—is gone for good…  [Rick Morrissey – Sun Times]   Now I watch in shocked delight as the Cub’s sleeping bats come alive! A leadoff home run…

“…ending more than a century of flops, futility and frustration.”  [Ronald Blum – Associated Press]  …now more runs—a lot more runs, but way too many innings left to go… Continue reading

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