2011 June Archive - The May Report

Archive for June, 2011

The May Report: 6/29/2011: The Clinton Global Initiative to unveil 14 ideas for job creation here in Chicago this morning; Phil Tadros, Dan Fedor, Justin Baker, Chris Sorensen; Are Groupon ads illegal?; May and Culver duke it out over John Braun; Driehaus tickets went for $3,300 and more…

The May Report June 29th, 2011

The May Report: 6/29/2011: The Clinton Global Initiative to unveil 14 ideas for job creation here in Chicago this morning; Phil Tadros, Dan Fedor, Justin Baker, Chris Sorensen; Are Groupon ads illegal?; May and Culver duke it out over John Braun; Driehaus tickets went for $3,300 and more… Editor and publisher: ron@themayreport.com, ronaldmay@aol.com, www.themayreport.com ,…

The May Report: 6/26/2011: SpotHero, a parking rental firm that is starting and staying in Chicago for a while launched Wednesday; Mesh-Systems based in Carmel, Indiana raised $2.5MM Series B; Tech Cocktail hits five years on July 6th; Kathryn Born chimes in on Start-up Illinois; Ed Domain bellows; If only I were a fly on the wall at the Built in Chicago event

The May Report June 26th, 2011

The May Report: 6/26/2011: SpotHero, a parking rental firm that is starting and staying in Chicago for a while launched Wednesday; Mesh-Systems based in Carmel, Indiana raised $2.5MM Series B; Tech Cocktail hits five years on July 6th; Kathryn Born chimes in on Start-up Illinois; Ed Domain bellows; If only I were a fly on…

The May Report: 6/24/2011: Some scoops to tell your mother: Ed Suda and Avelo Roy get an up round from Sandbox or at least they are close to closing it; Evan Herman finally ends a long job search by working for executive search firm MarengoHampshire; Dan Salcedo leaves SingleHop to start his own firm; Vysky Energy raises $14MM in angel money for a wind farm in Galena (?), where turbines run a cool $2MM each; Samantha Borland will have a big announcement in two weeks; Mike Rhodes who had been imbibing? shows up at Built in Chicago; Geoff Domaracki touts next month’s Tech Week with 200 events; Phil Tadros, are you 14 years old today?; Matt Moog’s wife said she met me at The Bagel and asked when I’m going to retire: Never is the answer, I’ll die in the job since I love it so much, but Jean Pickering told me that Ed Domain and I like each other so much because we’re so much alike; Biofuels and the mob; Long time no see: Mark Achler, Mark Glennon, Sam Borland w/o pearls, Dave Lundy, Hank Adams and a few others

The May Report June 24th, 2011

The May Report: 6/24/2011: Some scoops to tell your mother: Ed Suda and Avelo Roy get an up round from Sandbox or at least they are close to closing it; Evan Herman finally ends a long job search by working for executive search firm MarengoHampshire; Dan Salcedo leaves SingleHop to start his own firm; Vysky…

The May Report: 6/22/2011: At last, Matt McCall reappears: New World Ventures invests $15MM in Chicago based SMS Assist; Built in Chicago debuts Thursday and the Chicago Clean Energy Alliance has 300 scheduled to attend Thursday as well; MoMo meeting Monday drew about 45, but the speaker did not go to Cupertino; and co-organizer Trace Johnson has all the personality of three day old sushi; Peggy Smedley and Mike Carrozzo on the whole debate over counting connected devices

The May Report June 22nd, 2011

The May Report: 6/22/2011: At last, Matt McCall reappears: New World Ventures invests $15MM in Chicago based SMS Assist; Built in Chicago debuts Thursday and the Chicago Clean Energy Alliance has 300 scheduled to attend Thursday as well; MoMo meeting Monday drew about 45, but the speaker did not go to Cupertino; and co-organizer Trace…

The May Report: 6/20/2011: Governor Pat Quinn, genius, don’t tell me now that you are just learning to get it in writing or it will be the unhappiest day of your life: Quinn and IL learn the hard way that Motorola is not good for its word; Hey, I did not know that uBid went private last fall under UCC Article 9; Jim Stetson bolted Baker McKenzie for Eolas with Mike Doyle — not recently; Mike Schmahl left McGuire Woods for uBid; A full report on Connected World to come in a few days; Geras says his top three investments are OrthoScan, ADT and Bias Power with news on ADT in 2 weeks; Guess who canceled out on being a dealer at the SAB Poker Charity? — I’ll tell you tomorrow; and what I learned about Howard Tullman over the weekend, again tomorrow; How Sachnoff & Weaver was saved (no names), again tomorrow

The May Report June 20th, 2011

The May Report: 6/20/2011: Governor Pat Quinn, genius, don’t tell me now that you are just learning to get it in writing or it will be the unhappiest day of your life: Quinn and IL learn the hard way that Motorola is not good for its word; Hey, I did not know that uBid went…

The May Report: 6/17/2011: Locke Lord sees light: loses Len before the plague of locusts hits; Chris Pesch bolts Locke Lord for Polsinelli Shughart at 161 N. Clark and the BNC VC Group follows him; kudos to Locke Lord for getting that their own reputation would be besmirched by association with the Len-man since there’s a halo effect — a dark halo effect; Jack McInerney and Greg Evans speak their minds on Len, Dave and the BNC; 200 S. Wacker Drive’s New Owners to make, “Tenant Improvements,” Is the ITA at risk?, by Melanie Adcock; Hats off to Bruce Dumont who stuck with his dream for a Museum of Broadcast Communications and the inaugural bash was Thursday night with 500 luminaries in attendance

The May Report June 17th, 2011

The May Report: 6/17/2011: Locke Lord sees light: loses Len before the plague of locusts hits; Chris Pesch bolts Locke Lord for Polsinelli Shughart at 161 N. Clark and the BNC VC Group follows him; kudos to Locke Lord for getting that their own reputation would be besmirched by association with the Len-man since there’s…

The May Report: 6/15/2011: Sorry about this but no time for a Table of Contents today since I have to catch a train to Rivenia (spelling?) where Avery Cohen will pick me up and take me and my wheelchair to Lincolnshire for the Connected World conference; lots of stuff here, but a very good story is coming Bar Camp July 9th and 10th; Tech Pitch canceled tonight and David Carman you misspelled the word canceled — it has one “l”; the cable show; cards Ron collected at Funding Feeding Frenzy on May 4th; RIP Eliyahu M. Goldratt; Can you believe that Pandora is valued at $2.5B when it has lost $92MM. Well, it is 1999 all over again, isn’t it Andrew, Eric and Brad?

The May Report June 15th, 2011

The May Report: 6/15/2011: Sorry about this but no time for a Table of Contents today since I have to catch a train to Rivenia (spelling?) where Avery Cohen will pick me up and take me and my wheelchair to Lincolnshire for the Connected World conference; lots of stuff here, but a very good story…

The May Report: 6/11/2011: Thank goodness my headline writer is not on strike after all: Saturday Switchup – Pt. II delivered before Pt. I; I can see clearly now: “Lets get funky. Lets announce everything. Take a trip in Eric P. Lefkofsky’s time machine: “Lets be WILDLY positive in our forecasts,” he told his Ha-Lo colleagues, even as that business was falling apart. “if we get wacked on the ride down- who gives a sh*t. Is it going to worse than today? is our market cap going to fall to 200N, 100M who the f**k cares.” — so wrote Eric P. Lefkofsky years ago and this email was revealed in the Jan. 2007 Barrons article but the media is just now catching on; The Grabowsky Groupon predictions: The IPO will be pulled in a month, the valuation will wilt to $2B from $20B; Brad and Eric will be shown the door at ChicagoBooth and so will Professor Steve Kaplan; Rahm and Quinn will disassociate themselves; Andrew Mason will leave Groupon soon, realizing he does not want another Divine or marchFIRST on his head and at 30 he’s more mature than Eric is at 41! Additionally cats will lay down with dogs, Jim Eiden will get a job and Gary Slack’s nose will stop growing (caveat: only SOME of these predictions will come true).

The May Report June 11th, 2011

The May Report: 6/11/2011: Thank goodness my headline writer is not on strike after all: Saturday Switchup – Pt. II delivered before Pt. I; I can see clearly now: “Lets get funky. Lets announce everything. Take a trip in Eric P. Lefkofsky’s time machine: “Lets be WILDLY positive in our forecasts,” he told his Ha-Lo…

The May Report: 6/11/2011: Part II of II: Yes, I’m sending Part II first since I still have to rewrite the Briefly noted section: This was ready at about 7pm last night when I got an important call at 7:17pm that added key info. and then just before 9:30pm — kaboom, the document for the report disappeared on me: I can see clearly now: “Lets get funky. Lets announce everything. Lets be WILDLY positive in our forecasts,” he told his Ha-Lo colleagues, even as that business was falling apart. “if we get wacked on the ride down- who gives a sh*t. Is it going to worse than today? is our market cap going to fall to 200N, 100M who the f**k cares.” — so wrote Eric P. Lefkofsky years ago and this email was revealed in the Jan. 2007 Barrons article but the media is just now catching on; I now realize how big of a mistake I’ve made since I knew this stuff & even made references to it but I was taken in by the idea that Brad and Eric had cleaned up their act and Lightbank funding local firms when others were not doing so helped draw me in; but now I’ll go out on a limb with these predictions: The IPO will be pulled in a month, the valuation will wilt to $2B from $20B; Brad and Eric will be shown the door at ChicagoBooth and so will Professor Steve Kaplan; Rahm and Quinn will disassociate themselves; Andrew Mason will leave Groupon soon, realizing he does not want another Divine or marchFIRST on his head and at 30 he’s more mature than Eric is at 41; and I wrote this myself since mama’s boy Steve L. is vacationing in Florida

The May Report June 11th, 2011

The May Report: 6/11/2011: Part II of II: Yes, I’m sending Part II first since I still have to rewrite the Briefly noted section: This was ready at about 7pm last night when I got an important call at 7:17pm that added key info. and then just before 9:30pm — kaboom, the document for the…

The May Report: 6/9/2011: Part II of III: Oops, I had the date wrong in Part I: A reader, wishing to remain anonymous, points us to FASB Issue No. 99-19, Reporting Revenue Gross as a Principal versus Net as an Agent (Reck, does that bring back memories of when you worked for a living?) and states that Groupon’s revenue in 2010 was really $280MM, not $713MM; and Forrester Research’s Sucharita Mulpuru says that Groupon is worth $2B, not $20B, and she adds that only $96MM of their 2010 revenue came from “organic growth” as opposed to acquisitions which have cost a lot of money; Friends of Mel Bergstein; Melanie, warrior princess, returns from the clouds to rain fiery hail on the soon to be charred Ed Domain — in plain English, Ed has removed embarrassing info from his new site; Am I happy that Julia was shown the door at Starbucks? Well, look at the cards she’s typed so far and you tell me; and Melanie, I’m still waiting for your cards; Shia Kapos mentions TMR in Crain’s

The May Report June 9th, 2011

The May Report: 6/9/2011: Part II of III: Oops, I had the date wrong in Part I: A reader, wishing to remain anonymous, points us to FASB Issue No. 99-19, Reporting Revenue Gross as a Principal versus Net as an Agent (Reck, does that bring back memories of when you worked for a living?) and…

Archive for June, 2011

The May Report: 6/29/2011: The Clinton Global Initiative to unveil 14 ideas for job creation here in Chicago this morning; Phil Tadros, Dan Fedor, Justin Baker, Chris Sorensen; Are Groupon ads illegal?; May and Culver duke it out over John Braun; Driehaus tickets went for $3,300 and more…

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