An Apology to My Fan and My Haters

Hey folks, I've been very busy working on a contract. Unfortunately, this has left me little mind-space or time to entertain, elucidate, inform and scrutinize business events and trends.  I expect to be back to blogging on a regular basis at the conclusion of my current contracted project. To my fan, and you know who you are...

Okay Boomer – Mr Cranky Edition

Born smack in the middle of the boomer generation, this cranky old fart embraces the Okay Boomer responses I get from my kids, my mentees, and my business associations. For all you Boomers, Xrs, Millennials, Zrs and if there are any of you readers from "The Greatest Generation." what follows are my proud, "Okay Boomer," inducing pronouncements. For the uninitiated, I recommend you do a little, Okay Boomer, research. Start here with this Vox Media article, “OK boomer” isn’t just about the past. It’s about our apocalyptic future. It’s not really about age — and it’s more complicated than just memes. Okay, you all with me now? Groovy <---- Okay Boomer inducing expression. Here's Mr. Cranky's Cranky snap-back at you Boomer haters!!!! Stop texting me and pick up the damn phone and call me --Okay Boomer Stop DMing me. If it isn't worth a phone call, then email it to me. - Okay Boomer Get the hell out of the house and meet some people. Make some real friends and talk to them, don't type to them on the firggin phone - Okay Boomer Don't tell me you're a vegetarian because you love animals and not admit you hate plants - Okay Boomer WeWork is not...

Is My Idea Worthy of a Startup

Today I had the privilege of discussing with a group of researchers, students, professors, and technology commercialization professionals a subject titled, "Can My Innovation Become a Startup?"  As a conversation starter, I put together the following slides. Product vs Feature - Is the innovation a product or a feature? A Product has a shorter less complicated path to monetization since it had fewer interdependencies than a feature. Product - A product provides sufficient value on its own to be used by an end-user. It stands-alone on its own merits. Feature - A feature enhances a product and can't stand on its own. As an example, car brakes stop a car...

No Offense But…

I just noticed for like the 8th time in the last few weeks some guy who is famous for accomplishing nothing with the exception or receiving numerous trivial awards has humbly bragged about these awards by expressing, "I'm humbled." No, Douchenozzle. You're not humbled. You're humble bragging. So I thought I'd just review some of the simple lines that signal the deliverer of said lines is a tool...

Startup Business Plan

Corporate Governance Requirements For Angel Investors

Angel Investing is inherently risky. Startups, in general, aren't for the weak at heart. It is even more perilous when investing with minimal leverage that comes with a small investment of $25 - $50 thousand. Over a 10 year period, I made 7 investments that returned 180 percent. Over the same period of time, the S&P returned 250 percent. Yes, I took 50 times the risk to get a fraction of the return. How could I have improved the returns? I should have insisted that companies followed certain corporate governance norms. And if I didn't have the leverage to dictate good governance, I should have invested alongside someone who had the power to mandate good corporate governance terms. Let's look at my investments to illustrate what I mean? Winners With Responsible Leadership Social Tables - Great Management Team, Frequent Credible Business Status, and Financial Reporting and Regular Board Supervision Veenome - Great Founder, Frequent Credible Business Status and regular investor conference calls seeking input. Sideways With Responsible Leadership TalkLocal - Great Management Team, Frequent Credible Business Status, and Financial Reporting and regular investor conference calls seeking input. Winners With Leadership Issues none Losers With Leadership Issues SpotFlux - Not sure, I invested...

Dan Snyder is Proof That Luck Can Be a Cruel Mistress

In Business, luck can be a cruel mistress. Too often, good luck can be mistaken for brilliance. Take the case of Daniel Snyder. He sold a schlock telesales operation and made hundreds of millions of dollars. Since then he's demonstrated his brillance in multiple ventures: In 2005, he began accumulated stock in Six Flags until he gained control of the board. He installed a buddy as CEO and named himself Chairman. In 2009 the company filed for chapter 11 bankruptcy protection. Under the reorganization plan, Snyder was removed and lost his entire investment. A real businessman, named Bill Gates, owned 10,210,600 shares worth about $122 million when Snyder took control of the company in 2006. They were worth nothing by the time Snyder was ejected from the board. That's $122 million that the Gates Foundation could have used to eradicate malaria. Thanks, Dan! In 2006 he bought and nearly destroyed Johnny Rockets, and dumped it in 2013. In 2007 he paid $175 million for the rights to own and destroy Dick Clark products, which he later sold in 2012. But no failure has been more evident than what he has done with the Redskins, something I've been documenting for years. Brand Management:...

Marcus Bullock – A Real Startup Founder and Ex-Con

Marcus Bullock is the real deal. The deck is stacked against him from achieving anything of note. Yes, this man, conquered the odds and has built a life of value. I often write about the phony startup founders and future convicts. The conman and clowns of DCTech. Today I'd like to go the other way, with a real man, the real deal who has sinned and paid for his sins and today is working to change the world. Marcus Bullock is an activist for criminal justice reform. He's a man who spends his time giving back to the community by teaching entrepreneurship to the incarcerated. This man started a home contracting business and hires ex-cons. He gives them the chance to live productive lives. Ex-convicts with purpose and careers have lower rates of recidivism. Marcus's company Flikshop fills a critical need to help incarcerated citizens keep in touch with their families. These are the kind of connections that give people hope and the motivation to leave prison and never return. I'm proud to call this man a friend and an inspiration. Watch Marcus's Ted Talk and learn how he as a 15-year-old made a monumental mistake and yet didn't let that define him. See...