Friday, June 08, 2018

Kaplan Institute Exec Director Howard Tullman Starts Trading on Tasty Trade


After a few weeks of preparation, Howard places his first few trades today. But before jumping in, Tom reiterates the main objective of Howard's trading account: to reduce cost basis.
This is done by creating covered positions. Tom explains that while this may limit the profit potential, we use these strategies for lower costs as well as a higher probability of making money on the trade (Probability of Profit).
After a quick runthough of Howard's watchlist and his directional assumptions, Tom explains how they will be executing these positions on the tastyworks platform.
Ultimately, Tom and Howard place 15 trades that are bullish, bearish or neutral in nature. Next week, they plan to focus on adjusting these positions as well as give Howard a better understanding of what to monitor now that he has some trades on!
WATCH THE SHOW HERE: https://ontt.tv/2xQAtDA



    TAKEAWAYS FROM TODAY'S SHOW

Wednesday, June 06, 2018

Kaplan Institute Executive Director Talks on Tasty Trade about Progress and Plans for the Kaplan Institute






Adaptability is the Crux of Success | Howard Tullman


Why is has Netflix thrived and survived after DVDs took a dive? How can other businesses overcome the resistance of change? Tune in as Howard Tullman jumps into the tastytrade studio to discuss why business adaptability matters, why it's okay for companies to call it quits, and where Howard thinks businesses will focus over the next 5 years. Howard Tullman, former CEO of renowned startup hub, “1871” and visionary, lecturer, educator, writer, art collector, brings his unique view of the business world to the tastytrade audience. Watch and listen to “What I’m Thinking” and find out what’s next in today’s world. ======== tastytrade.com ======== tastytrade is a real financial network, producing 8 hours of live programming every weekday, Monday - Friday. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 50 original segments, and over 20 personalities, we’ll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. http://ow.ly/EbzUU Subscribe to our YouTube channel: https://www.youtube.com/user/tastytra...

Tuesday, June 05, 2018

Kaplan Institute Director Howard Tullman Speaks at NU Tech Institute on Tech Trends



New INC Magazine Blog Post by Kaplan Institute Executive Director Howard Tullman


Your Days Are Numbered. Are You Prepared to Tell Your Crew?
A lot of once-young startups are soon going to be startdowns, as money gets sluiced off to newer, seemingly better business ideas. Failing sucks, but even in shutting a business down there are ways to do it right.


Executive director, Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship, Illinois Institute of Technology



The reckoning is coming. We're headed, I fear, for some difficult times for young companies that have scrambled for a year or two to keep their heads above water, but which are now reaching the point where the rubber better be hitting the road, or their ride may be over. They are going to need a lot more substance and a lot less "story" to keep their boats afloat.  And, because of the way the funding guys play the game, the newest kids on the block (or the blockchain) are going to have an easier time raising a bunch of money than the ones who've been at it for a while and whose stories have lost a lot of heat and grown a lot of hair. Being yesterday's news or "just about to turn the corner" is almost as bad as being Yahoo! these days. No one is interested in profitless prosperity or forever chasing the horizon. "Almost" only counts in horseshoes and hand grenades.

 I'm getting a sense that the "easy money" is starting to get harder - even the doctors are starting to ask to see the data. And that, as the time to reload those cobwebbed coffers rolls around again, it's going to be a lack of concrete progress, traction, real results and a path to profitability rather than lack of interest or funds that slams a lot of the doors and puts the final nails in the coffins. The money's always there; it's the pockets that change. There is plenty of Series A money to go around; but not if they think your business isn't serious.
 So, as the boss, you're going to come to the point where you have to write the memo, where it's time to quit - turn off the lights and shut the doors - even though no one is certain where they're headed or what comes next. We've all been there, but, as always, Springsteen says it best: "you don't know where you're going, but you know you won't be back." Hopefully, you've prepared the path and won't be leaving everyone (or anyone) high and dry. There aren't a lot of skid marks when a startup shuts down, but there is a right way to do these things.

 There's a right way to tell your team that their dream has turned to dust. They were there for you in so many ways and thanking them for their hard work and commitment is a great place to start the conversation. Be honest and make it clear that the last few months of a failing business are never fun. More like being pecked to death by ducks. A lot has been written about the value of failure, but some experiences don't make you tougher; they just wear you out. Yet the key takeaway, and what still makes even the wind-down process worthwhile, is that you hung in there and did it together. You had the opportunity to work with some great and talented people under the worst conditions and circumstances and see them continue to come through and deliver for the customers and clients that depended on them. Maybe not quite enough customers, though. That's a life lesson. Giving up is easy; gutting it out is hard.

 I'd suggest that there are four other important messages that you might want to weave into your story. No pride of authorship here-- just some ideas to throw into the hopper. Ultimately, the story's gotta be your own or it won't be helpful to anyone.

First, you should caution everyone to be careful to extract from the whole process only the education and wisdom that's in it. And nothing more. Each deal, every business and all the many opportunities you'll be handed are unique and it's easy, but not smart, to try to generalize and carry your experience forward. But you'll discover that it's rare that the situation is the same or that the shoe fits twice. Like the cat that sits down on a hot stove, she won't do that again; but she'll also never sit on a cool stove either. You don't want to forfeit the future because of bumps in the past. It's up to each member of your team to be one of those people upon whom nothing is lost or wasted. They should take all of the lessons with them (good and bad) and use them to make something better and stronger the next time around.

 Second, it's important to neither romanticize nor ceaselessly mourn the whole thing. Things were never as great or as horrible as they might seem in retrospect and in the selective retelling. Some poet once said: "when one door closes, another opens, but we often look so longingly and so regretfully upon the closed door that we do not see the one that has opened for us."

There's no question that your team has lived through some of the best and most exciting times of their young lives and that what comes next may never take them to those emotional heights again. You are only a virgin once. That doesn't mean that everything from now on will be a pale imitation of the past or a disappointment. We're all products of our pasts, but no one has to be a prisoner of it unless they're willing to settle for that. No one can step over you unless and until you lie down.

 Third, nobody ever said that life was fair. After years of hard work and plenty of grief, things didn't work out exactly as you expected. No surprise there. They never do. Real life's like that. The fact is that neither life nor nature ever care if justice is done. Every action has both intended and unintended consequences. The intended consequences sometimes happen. The unintended consequences, whatever they may turn out to be, always happen. It turns out, as the old New York Yankees manager/philosopher Casey Stengel once said, "Baseball is the only place in life where a sacrifice is really appreciated." The most important thing is to always keep moving forward and to remember that, in tough times like these, there are really no winners--only survivors. The trick is to be sure to be one.

 And one last thought as you all look forward to your next whatever. It really diminishes your soul when you do what you don't believe in. And even if the right song is playing, no one is going to tell you to get up and dance. It's all on you. Find something that you passionately care about, throw yourself into it with all your heart, and let the new chips fall where they may.

Tuesday, May 29, 2018

Kaplan Institute Executive Director Howard Tullman Speaks at Technori Held at IIT







New INC Magazine Blog Post by Kaplan Institute Executive Director Howard Tullman


There Are No Good Trolls. Forget About Making Any Deal With Them

They're the pond scum of the Internet, and trying to reason with these no-lifes is pointless. Follow these rules to keep a bad situation from getting worse.

By Howard Tullman Executive director, Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship, Illinois Institute of Technology @tullman






I've spent too much time recently in sessions with talented technical people who already have more than enough on their plates to have to worry about trolls. For those of you lucky enough not to have had to deal with them, trolls are social media-enabled nobodies who spend their days making trouble online for legitimate businesses. They write strident screeds filled with empty assertions about alleged system flaws and security holes and threaten to "publish" these mostly misleading and always provocative commentaries if their "concerns" and comments aren't immediately addressed. Say, with cash. I wish that having to deal with this Internet pond scum was just my own misfortune, but the problem is growing and there's a real concern here, especially for startups, which don't have the luxury of dedicated resources devoted to breach and security issues.

The issue isn't so much about the alleged flaws and security issues that these trolls and fake "researchers" report or threaten to publish (using click-happy and equally craven "reporters"); it's because (a) they burn tremendous amounts of what could otherwise be productive time on the part of your technical people and (b) they specifically target those techies who are the brightest yet most naïve, who tend to be the most committed and the thinnest-skinned, not to mention  the most conscientious and diligent members of your team. These attributes may make them great coders and developers, but they absolutely make them the worst possible people to deal with trolls. They mistakenly think it's a fair contest; and then they take every criticism and complaint about their work to heart and much too personally.

Sadly, your tech naïfs think that if they can simply explain things properly to the trolls everything will be better, and the problems will go away. This is a lot like hoping that the hungry lion won't eat you because you're a vegetarian. There really isn't a polite or politically correct way to say this but there simply are NO good trolls. Not a one. The thought that you can engage with the good trolls--or that you can even figure out who those might be-- is basically and badly deluded.

Trolls are fundamentally damaged people who can't help themselves, like the scorpion that stings the turtle that carried him safely across the river. Why did he do it?  Because it's the scorpion's nature, so what else would you expect.  These guys have no one's best interests in mind other than their own. And it's not totally clear that they even know what their own motives might be, since this is no way for even asocial morons to spend most of the waking hours in their sad little lives. Nitpicking and scab scratching - day in and day out - for no good reason and to no good end.

I admit that it can be a little confusing because some of these people can actually carry on what appears to be an intermittently rational (albeit usually anonymous) email or text conversation - or a Twitter storm - for periods of time until the "crazy" breaks through, their Mom calls them for dinner, or the tin foil hats come back out. You have to wonder why the ones of a certain age don't have day jobs that might actually give them a chance (and pay them) to employ some of their skills and analytical abilities in a productive - rather than abusive and erratic - fashion. But their distorted world doesn't work that way.

When you deal with them repeatedly you discover pretty quickly that in most cases (forget the real crooks and the ransom assholes) you actually can't pay them to come to work for you or to go away. It could be as simple as the fact that many of these people couldn't function in a business environment, don't know how to conduct themselves in polite company, or have just spent too much time alone in their basements talking to themselves and their pet whatevers.  Needless to say, these aren't your typical dog and cat owners. They're much more likely to keep a couple of snakes and random rodents around their place. Making your tech people miserable seems to be what they do for fun.

So, I'd propose a couple of simple ideas that will help save you a lot of time and money and also help you curb the good-natured and well-intentioned, but foolish and dangerous, instincts of your tech people. Give them my five little rules.

1) If you assume the worst motives possible, you'll almost always be right.

2) Send all the trolls to Tom (or Biff or Bev) so he/she's the only one wasting his time.

3) Don't explain, don't complain, don't share, and don't commit to do anything. It's a slippery slope and an endless deluge of demands.

4) Threats and deadlines are a dime a dozen--don't be bullied or bluffed into doing something dumb.

5) Fast fixes and shortcut solutions always screw something else up.

Save yourself all the headaches and the heartaches by not getting started in the first place. There's no upside to wrestling with a pig --you get dirty and the pig enjoys it. You've got much better things to do and the pig has nothing but time. Trying to get a fair shake from a troll is like trying to find the clean end of a shit stick.

Friday, May 25, 2018

Technori Startup Showcase May 29th


Technori Startup Showcase

Tuesday, May 29th


Howard Tullman, Crowdfind and ICOs

Howard Tullman will open up Technori Startup Showcase Tuesday with a few updates on Kaplan Institute, before introducing our keynote speaker, MATH Venture Partners Managing Director, Mark Achler!

Crowdfind has joined the list of presenting startups on Tuesday - you might have heard of them (or from them if you've lost your wallet at a concert) they've been on stage before... but not as an equity crowdfunding startup that YOU can invest in!

[Joining the more than 50,000 people to have invested at Technori, register here]

Speaking of investing, we will have our very first ICO (initial coin offering) launching on-stage at Technori, as well!

Is there a better way to ring in the summer than being inspired by great speakers, cold beverages and startup investing? (No, the answer is NO!)

Get your tickets - this one's on ME!
 


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