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Another one is going to hit the dust!

Another Unicorn on it’s way to graveyard of failures? Blue Apron hits 70% drop in value – CEO is ousted! The company debuted on the NYSE in late June, selling its shares for $10 apiece—a number that was already a major drop from pricing expectations. The past five months haven’t been any kinder. Stock in Blue Apron (NYSE: APRN) closed Thursday trading at $3.07, setting a market cap of about $569 million, down from $1.9 billion when it debuted. Anything […]

Wake up Midwest, you have a great opportunity with the startup ecosystem

Great article on how we (Chicago and Illinois) can be a “flyover” spot on the startup ecosystem. As the writer of this article emphasizes, building strong startup ecosystems is how cities, towns, and rural areas across the country will create new economic identities. The issues is that all involved, entrepreneurs, funders, community organizations, politicians (ouch, we need then too for legislation helping startups) )and local governments need to working together supporting startup scenes in the Midwest. We need to keep […]

Victory for foreign startup entrepreneurs!

Startup Entrepreneurs Welcome! National Venture Capital Association scores big win for foreign-born entrepreneurs with lawsuit victory. I reported about this matter on a post few month ago. ‘This was a fight worth having’: NVCA goes to court for immigrant startup founders. In September, the National Venture Capital Association sued the US government over its opposition to a key immigration program. Created during the Obama administration, the International Entrepreneur Rule gives the Department of Homeland Security the ability to allow […]

Tax Reform Bill: Senate Comes Through For Investors

Senate Comes Through For Investors What’s Going On Here? The US Senate passed a bill over the weekend containing huge changes to the US tax system – and stocks have been celebrating. What Does This Mean? Before becoming law, the bill must be reconciled with a similar bill that has already been passed by the US House of Representatives. While the passage of a final bill is still not a slam dunk, passage by the Senate is a big move […]

Keep It Simple!

Does a college degree makes you capable of great things?

This article is from AngelList Weekly: A college degree is valuable, but Elon says… “There is no need to even have a college degree, at all. If someone graduated from a great university that may be an indication that they will be capable of great things but it’s not necessarily the case.” In a short clip, Elon Musk says that looking for exceptional ability is a better indication of future success. If someone demonstrates a track record of exceptional achievement, it will likely continue […]

Technolera Startups are on fire!

Technolera Startups are on fire!

Technolera Startups are on fire! I am proud (As an Advisory Board Member) to be part of this great Team of visionary entrepreneurs that help catapult smart and leading startups into the business world. KiraPlus and Kredico two Technolera initiatives that recently made it to the Fincluders Bootcamp 2017. KiraPlus is a digital platform that allows renters to seamlessly pay their rent, security deposit, and other fees in installments thus building strong credit score faster than they would have […]

A celebration of one of the greatest national leader of the 20th century

We are proud to commemorate the Lasting Legacy of Mustafa Kemal Ataturk On November 10th, Turks pays tribute to the legacy of Mustafa Kemal Ataturk, who led the Turkish National War of Liberation, founded the modern Republic of Turkey and launched an extraordinary series of reforms that continue to inspire the Turkish nation. World-over, Ataturk is honored as one of the greatest national leaders of the 20th Century In the words of Scottish historian, Patrick Balfour (the 3rd Baron Kinross) […]

It’s good to be back home. But, where are all the disruptors?

It’s good to be back home. But, where are all the disruptors?

Back in Chicago after a month of travel in the Balkans and the MEA. Could not wait to get back at the office this morning, here I am in and ready to bounce back to the Chicago routine at 6:30 am but there is no one around! Where are all the disruptors and startup heroes? The startup ecosystem has not changed a bit. I just learned that Teforia, a Juicero sister BS startup that made $1,000 tea infusers, called it […]

WELCOME TO THE 2017 STARTUP GRAVEYARD! (Only a summary…)

WELCOME TO THE 2017 STARTUP GRAVEYARD! (Only a summary…)

HAPPY HALLOWEEN & WELCOME TO THE STARTUP GRAVEYARD! So far VC’s have burned $1 Billion of someone’s money (It’s always OPM) in some really stupid investments. I always wonder who the hell does the due diligence, risk mitigation and future valuation of these investments. If this moron was working for me I would not fire him but send him to North Korea’s nuclear lunch pads as the chief rocket igniter. Thanks to our great friends at PitchBook we have […]

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