Some entrepreneurs like to take the path of least resistance

Published in the San Diego Union-Tribune, July 24, 2017

Certainty is “perfect knowledge that has total security from error, or the mental state of being without doubt.” Fat chance. No such thing.

So the question is what role does uncertainty play in our decision-making process? And (at no time will my hand leave my arm) . . . → Read More: Some entrepreneurs like to take the path of least resistance

What Bernie Madoff can teach all of us about accountability

Published in the San Diego Union-Tribune, July 17, 2017

“Behind every great fortune there is a crime.” — Honore de Balzac.

I am fascinated by people. I study them carefully in making investment decisions, and I am always looking for something — a window into their psyche, a reveal of their weaknesses and their strengths, . . . → Read More: What Bernie Madoff can teach all of us about accountability

Earn-out device lets you make a bet on the future

Published in the San Diego Union-Tribune, July 10, 2017

I am involved in two transactions. In one, I am trying to sell a dog, and I need to get a certain amount of money back to recoup my investment — which is unlikely. In the other, I am buying a dog, and I want to . . . → Read More: Earn-out device lets you make a bet on the future

Founding fathers were ultimately entrepreneurs

Published in the San Diego Union-Tribune, July 3, 2017

The Fourth of July always refers to the “Founding Fathers.” Leaving aside for a moment my suspicion that we might be better off today if the fathers had consulted with the mothers, the core word that remains enticing for an entrepreneur is “founder.”

What does it . . . → Read More: Founding fathers were ultimately entrepreneurs

Young rule-breakers more likely to grow up to become entrepreneurs

Published in the San Diego Union-Tribune, June 26, 2017

I recently returned from another day at Donovan State Prison where I spend time with Defy Ventures as a mentor to a group of 34 inmate entrepreneurs in training (EIT). There were 53 volunteers, many of them the repeat, usual suspects that my gang has assembled . . . → Read More: Young rule-breakers more likely to grow up to become entrepreneurs

Words of wisdom for 2017 graduates

Published in the San Diego Union-Tribune, June 19, 2017

Welcome, 2017 graduates.

It is great to be back on the old Blotzberger University campus where I have such fond memories — at least until my junior year when I was asked to leave for a variety of misdemeanors and a particularly nasty and physical disagreement . . . → Read More: Words of wisdom for 2017 graduates

Five characteristics every CEO needs

Published in the San Diego Union-Tribune, June 12, 2017

The potpourri column. Too many topics, not enough space, so just sample the smorgasbord!

So you want to be a CEO. All you need to be is charismatic, armed with an Ivy League degree and larger than life. Wrong. It turns out that definition is in . . . → Read More: Five characteristics every CEO needs

How about a Tinder for start-ups in San Diego?

Published in the San Diego Union-Tribune, June 5, 2017

The key to the puzzle for the entrepreneur building his company is getting the right person in the right seat on the right bus with the right driver going in the right direction — and you, the investor, are standing on the corner waiting for a . . . → Read More: How about a Tinder for start-ups in San Diego?

Fear and hope– two different sides of the same coin

Published in the San Diego Union-Tribune, May 22, 2017

Consider your girlfriend. The relationship is not going as you hoped. There seems to be some disconnect, some awkward silences, a lack of spontaneous passion — and so to avoid being the one dumped, you pull the plug.

But it turns out that your darling Betty . . . → Read More: Fear and hope– two different sides of the same coin

Planning for the breakup that may never happen

Published in the San Diego Union-Tribune, May 15, 2017

Partnerships. We were happy once, we were in love, and you could do no wrong.

I overlooked your burping, you overlooked my OCD personality and then you decided you were too good for me, that I no longer met your needs, that you wanted someone else . . . → Read More: Planning for the breakup that may never happen