Coming soon!

 

High Mountain Venture, LLC's launch of its third fund - Poplar.  

Poplar is a closed, private investment fund with a focus on blockchain and cryptocurrency platforms.  Another novel twist?  Membership interests in the fund will be secured by a custom Ethereum-based token.

The HMV Poplar funds looks to a new era in investment models and returns.

Keep an eye out for more info!

JARuppert

Posted
Authorjeffrey ruppert

Simple, easy-to-follow explanation of why the bitcoin is tech that is, and will, change the world.

Certainly supports the rationale of HighMountain.Ventures current holding of the following cryptocurrencies and initial coin offerings (ICOs):

  • Bitcoin
  • Ethereum
  • NXT
  • Ardor
  • Lisk
  • Stellar
  • Ripple
  • DeOS
  • Krypton
  • Stratis
  • Chronobank
  • Iconomi
  • Monero

HMV holds these for future use, but undoubtedly there is a prospect of return - near 1000% on Ethereum to-date (since July 30, 2015 ICO) for example.

JARuppert

Posted
Authorjeffrey ruppert

Excited to have been selected by the Lawyerist and Filament to participate in the inaugural TBDLaw Conference.  Confirmed my spot today. Joined the #Slack channel.  So it's official.

What is TBDLaw?

Here's how it is described at TBDLaw.co:

Not an Ordinary Conference

Far more than an Un-Conference, TBD Law is a unique mix of summit, retreat, design-thinking workshop and hackathon. Designed by LexThink founder Matt Homann, TBD Law is about collaboration, connection and creativity, not CLE.

Invitation Only

TBD Law is for a curated group of lawyers who've moved their practices past their peers'. If you've made the list, you're already ahead of the curve. TBD Law will help you stay there. If you think you're one of them, fill out the form below and we'll talk. .

By Innovators, For Innovators

Nobody wins in the race to be first to be second. At TBD Law, you'll build your future with lawyers who will push you out of your comfort zone instead of pushing you back towards the status quo. 

I'm ready to immerse myself in a room with folks who are smarter than me; more talented; and see the future.

Maybe some of it will rub off...

Stay tuned.

JAR

Posted
Authorjeffrey ruppert

Three-week live performance of the High Mountain Ventures Python-based trading algorithm "G6" versus the S&P 500 SPY Benchmark:

Algorithm: +47.8%

$SPY: -3.9%

Source: Quantopian

Source: Quantopian

Conclusion: Not indicted. Making money. And should have put more $$$ behind myself and my bot. Always commit to your thesis.

Posted
Authorjeffrey ruppert

A combo of two of the finest - The Aspen Institute (Ideas Festival) & John author John Meacham Thomas Jefferson:

Some favorite thoughts from the talk:

That he failed to live a perfect live or deliver on the promise of the Declaration...that he has been condemned as a hypocrite...in the eyes of history are to my mind reasons engage with him...not excoriate.
— John Meacham, Aspen Ideas Festival, June 30, 2015
That he failed to live a perfect live or deliver on the promise of the Declaration...that he has been condemned as a hypocrite...in the eyes of history are to my mind reasons engage with him...not excoriate.
— John Meacham, Aspen Ideas Festival, June 30, 2015
Jefferson wrote the poetry of the Revolution.
— John Meacham, Aspen Ideas Festival, June 30, 2015
Jefferson was against federal power until he wielded it.
— John Meacham, Aspen Ideas Festival, June 30, 2015

JARuppert


Posted
Authorjeffrey ruppert

Inspiration and my favorite quote from the $CSCO earnings conference call:

[They are] a competitor. We’re going to view them as a competitor and we will beat them and have fun doing it. I wish I was a better person, but I’m not.
— http://goo.gl/AmVHuD

Neither am I.

WIN.

JARuppert

Posted
Authorjeffrey ruppert

Definitely can't say it better than this HBR editorial: https://hbr.org/2014/11/why-the-public-utility-model-is-the-wrong-approach-for-internet-regulation

I support Net Neutrality, but I oppose those proposals that rely upon classification of the internet as a public utility, and upon government owning and operating the net in the manner of our long-neglected power, water and transportation systems.  That's just a recipe for delay, neglect and death of commercial incentive.

Other progressives feel the same way - check out the Progressive Policy Institute's recent report, Outdated Regulations Will Make Consumers Pay More for Broadband: http://www.progressivepolicy.org/issues/communications/outdated-regulations-will-make-consumers-pay-broadband/

Once again, this is policy that should not be fought / won with sound bites.  

Our economic future depends on wise choices - and sometimes the decision to do NOTHING.

Jeffrey Ruppert

Posted
Authorjeffrey ruppert

I'm apparently very opinionated these days.

It's post-Thanksgiving, but today I'm somewhat thankful for the fracking industry, which partially responsible for sub-$70 per barrel oil - which should break the spines of oil revenue dependent and repressive states Russia, Iran, Nigeria and Venezuela.  

According to the IMF, Iran needs $136; Venezuela and Nigeria $120; Russia can manage at $101 a barrel.  

As noted in Bloomberg today:

If the governments aren’t able to spend to keep the kids off the streets they will go back to the streets, and we could start to see political disruption and upheaval.

— http://www.businessweek.com/news/2014-11-30/oil-at-40-possible-as-market-transforms-caracas-to-iran

We may see a little instability, but long term, it is worth it.

There may be some disruption in the US among the smaller or highly-leveraged US oil producers, but we can still sustain at this level (just pockets of slowing oil job growth, and so long as the corporate bond market doesn't collapse).

Moreover, as a believer and heavy investor in alternative energy, I don't necessarily see fracking and low oil prices as the enemy.  Alternative energy WILL PLAY an ever-increasing part of our energy future - wind and solar price parity is here (and better when comparing carbon costs).  It's inevitable - attitudes are changing (along with the climate) and the financial models are in place.

Plus, who doesn't like the sound of an energy-independent USA? Fortress America.

Finally, after years of income stagnation for the middle class, its good to see working families get a break SOMEWHERE.

Inspiration here: http://www.businessweek.com/news/2014-11-30/oil-at-40-possible-as-market-transforms-caracas-to-iran

JARUPPERT

 

Posted
Authorjeffrey ruppert

Nice LinkedIn post reminding us of the oft-forgotten benefits of "flyover" states like Ohio, and why it makes sense to call them home in every sense of the word: 

When I talked to people who live on the coasts about the rent for our office space, they gasp. I’m not joking, in two instances there was a literal jaw drop and audible gasp. Northeast Ohio has one of the lowest costs of living in the US, and that definitely translates to office space as well. We occupy a 5000 sq ft office in downtown Akron, a mix of industrial space and finished office space - which is walking distance to all the downtown restaurants, bars and events. A hiking / biking trail next to our office leads into a National Park 5 miles away. And our monthly rent is less than one third that of a 700 sq ft studio apartment in the Bay Area. We could literally afford 15 thousand square feet of office space for what one person in San Francisco pays to live in a tiny apartment.

Labor rates are lower here as well, but even so our assembly techs are able to make a salary that affords them better housing here than degreed engineers can afford in the Valley.
— Ken Burns - President, TinyCircuits

Read the whole article: Why our Tech Startup is Based in Akron, Ohio.  

Jeff Ruppert

 

Posted
Authorjeffrey ruppert

Succinct, precise recitation of the changes that are not only affecting the venture capital world, but the startup ecosystem in general.

Moreover, I have not come across a better concise summary of the disruption / reorganization taking place in large segments of our traditional economy, particularly services and retail: 

[A] ‘death of the middle’ occurs over time as service industries bifurcate into a smaller number of large, fully integrated, full-service institutions on one end and a larger number of smaller, niche-oriented institutions (with a focus on stage, industry, or specialized skillset) on the other.

Look no further than investment banks, law firms, accounting firms, advertising agencies, buyout firms, talent agencies, and recruiting firms to see how this phenomenon has played out in mature services-based business. Interestingly, we are witnessing this right now in a non-services business as well: the U.S. retail market. Long-dominant department stores such as J.C. Penney and Sears are giving way to big-box retailers and etailers (Amazon, Best Buy, Target) at the large end complemented by large numbers of specialty, boutique stores at the smaller end. [Though in retail, betting “narrow” can be big as the internet allows companies to better segment and address previously unaddressed markets.]
— SCOTT KUPOR, a16z.com

Definitely worth a read and some reflection on your strategies - startup, growth and investing.

Full article here.

by Jeffrey Ruppert

Posted
Authorjeffrey ruppert
 
Coursera.com, 2014
 

Just finished another great class from Coursera this AM.

The focus was on the efforts to grow the entrepreneurial ecosystem in NE Ohio and CLE, and the partnerships between private capital, business, government, non-profits and philanthropy to set up and leverage Third Frontier, the Ohio Capital Fund, local accelerators and angel groups.

There is still much to be done, but to date, CLE has moved from ranking dead last (61of 61) for regional entrepreneurial environment in 2002 to a recent 213% improvement in capital funding - moving $259M to NE startups in 2013 and creating hundreds of companies / jobs.

But it is all at risk.  The Ohio Technology Tax Credit has been allowed to expire.  Politicians on both sides of the aisle are questioning public assistance of capital funding mechanisms.  A lack of vision and focus prevails.

But there real jobs at stake - 2500 good paying jobs (including manufacturing) have been created in NE Ohio alone; $30M in annual payroll taxes have been generated.  

Ohio remains a economy in transition, and we are poised to compete - and to reverse the "brain drain" that not only saps us of our state's talented graduates, but also the technology coming out of our state-funded universities.

Silicone Valley and the Research Triangle weren't built overnight - or even in the decade since Ohio founded Third Frontier.  

But ask anyone who visits the startups fighting here in CLE, CBUS and CINCY and they will tell you, with a little continued help, we can put some shine on the Rust Belt.

The Coursera class description can be seen here: https://www.coursera.org/course/entpecon

Jeffrey Ruppert

Source: https://www.coursera.org/course/entpecon
Posted
Authorjeffrey ruppert