JP Morgan Chase to pay $920 Million to Settle Trading Misconduct Allegation (CNN Business 2020)
If the market seems too good to be true, it’s probably because it is.
Certain asset classes (generally) have an inverse relationship with one another. If one goes up, the other typically goes down. For example, as stocks rise, gold / silver typically decline and vice versa.
Right now — all asset classes are basically inflated (stocks, real estate, gold / silver, and I think even treasury bonds).
This is largely because of the Federal Reserve pumping in liquidity into the market but also stretching their legal authority by taking on so much debt from otherwise healthy companies (as well as from companies that probably should be allowed to die). …
Today, I served as a judge at the Georgetown University COVID19 Design Challenge.
It was a 1 day competition that allowed for students to pitch ideas for helping to deal with some of the social, economic, and mental health side effects of COVID 19. There were three key areas of focus: (1) Vulnerable Communities, (2) Unemployment, and (3) Education.
Overall, there were 11 teams that pitched. Each had 3 minutes of presentation time and 2 minutes of QA.
Team 1: Grocery Buddies
A website that matches seniors with a college student grocery student buddy. Seniors don’t put themselves at risk by going out for groceries. …
Today, I was a guest speaker at Professor Daniela Brancaforte’s class at Georgetown University. She teaches at the fascinating intersection between anthropology and entrepreneurship. As someone who views company culture as a competitive advantage — I connect very deeply with that topic.
During my guest lecture at Georgetown today, I posed a a simple question:
Is diversity a challenge or an opportunity?
The central thesis of my lecture was that diversity can help us as individuals, corporations, and a national economy become more innovative and productive.
I gave five examples to highlight what happens when businesses in America and abroad don’t take diversity…
There are a lot of frameworks out there for launching a business or product ranging from lean startup to design thinking to jobs-to-be-done to the business model canvas and permutations of it such as the lean canvas. To be honest, I find all of these frameworks to be useful in their own way. I don’t think there’s a one-size-fits-all approach to innovation. Try all of them out and cater them to your specific needs.
As I’ve used these frameworks — and mentored students / new entrepreneurs, I’ve observed that there are a few areas of the Business Model Canvas that, if overlooked, make it less useful. Fiona Macaulay, my co-professor at “Launching Entrepreneurial Ventures” at Georgetown University, asked me to share some of the common mistakes entrepreneurs make when filling out the Business Model Canvas during class this week. I thought it might be good to write about them as well. …
Now that school is back in session, entire families will be spending more and more time on online video conferencing platforms like Zoom, Google Hangouts, Microsoft Teams, Skype, and more. Now everyone can experience the joys (and pains) of video conferencing! I’ve been on hundreds of videoconferencing calls this year. Some are enjoyable, some are not so enjoyable, and some are absolutely cringe-worthy.
Unlike in-person meetings, poor video conferencing issues totally kill the energy and vibe of an online session. During in person sessions, if there are technical difficulties, participants can fill the time chatting with one another, getting coffee, or take a break. …
Given how nasty some people can be on the internet, I was a bit intimidated about writing online and this lead to a sort of creative paralysis. I felt that in order to avoid the online mobs with pitch forks, my writing needed to be similar to how it was in school: grammatically perfect, well-argued, and properly cited.
After studying how some of the best thinkers on twitter operate, I observed that many of them started with a single tweet. That tweet organically would then grow into a twitter thread. That twitter thread would organically grow into a blog post. That blog post organically grew into a series. That series would grow into a video tutorial. That video tutorial became an online course. …
Only 1% of venture-funded startup founders are Black. Not only do startups have a problem funding Black founders, venture capital itself has it’s own problems with race with 80% of VC firms don’t have a single Black investor. (Washington Post, Tech Crunch) With limited access to capital, it’s no surprise that the average Black entrepreneur starts a business with $35,000 — one-third of the capital than White entrepreneurs. (Black and White: Access to Capital Among Minority-Owned Startups 2016)
Here’s a list of 10 funding sources for Black Startup Founders:
I first met Melissa via Georgetown University where partnered with the Ford Fund to host HerImpact. (Technically 2019) I volunteered as a mentor and was completely blown away by the presentations, sessions, and the energy of the community. …
This past week, I read this great research article called “The Changing Structure of American Innovation: Some Cautionary Remarks for Economic Growth” (June 20, 2019) by professors from the Duke University Fuqua School of Business Ashish Arora, Sharon Belenzon, Andrea Patacconi, and Jungkyu Suh.
The authors argue that when it comes to R&D, Research in America has actually been going up, it’s the Development part that’s gone down. What’s the main reason behind Development going down? …