There’s no polite or easy way to say this, but winter is on its way in the venture world. It’s getting tougher and tougher for startups caught in the lukewarm limbo between ideas and invoices to get their early backers to up their bets especially when it’s not clear that they’ve found a viable business model and/or a way to stop the bleeding sooner rather than later. Too many pivots with too little to show for the dollars down the drain and pretty soon no one wants to hear your, “someday soon,” story or your next grand plan. Continue reading
Tag Archives: 1871
Recently, Inc.com published an article about the best cities for early-stage companies. The premise: Chicago is the surprise winner.
Why would that be? San Francisco and New York are both beautiful, thriving cities that dramatically represent the diversity of American ideas. San Fran—younger, more venture-oriented, with beautiful natural vistas. New York—the classic, bustling private and public equity concrete jungle.
What do they have in common? It costs a kidney to pay rent for a closet. Continue reading
How the First Apprentice Winner Became an Entrepreneur
(No, The Donald Didn’t Help):
Bill Rancic readily admits he wasn’t the smartest guy on the show. But in his subsequent career, he has become very smart about getting the most out of the people around him. Continue reading
From the Journal of the Heartland Angels
Today, entrepreneurs have tools and technologies to collect, monitor, and document more data than ever before. You’re likely swimming in data, since customers leave a trail of it everywhere to be captured and analyzed in real time. Continue reading
“Winners have a sense about other winners and you can’t miss the shift in their interest and attention when they encounter another of their own species. Wanting to win is fine – wanting to do the work that it takes to win and to keep at it until you do win is what makes the difference in the end.” Continue reading
The Chicago Innovation Awards – Part 1
I’m talking to investing legend, Loren Bukkett—the Prophet of Pekin, immediately after a big event in Chicago. “Twelve whole years,” he says. “A hundred percent of their winners are all still in business. And tonight they break that perfect record.” He’s talking about the winners of the Chicago Innovation Awards and he’s got my attention. Which companies are going down? Continue reading