Tag Archives: Tennessee

Update: Jocks and Bonds

November 18, 2013

On the first of this month we wrote about the planned “IPO” of shares in Arian Foster, running back for the Houston Texans.  Fantex, Inc. is applying the concept of celebrity bonds to professional athletes and securitizing their potential future earnings. At that time we expressed concerns about the business model and the ability to quantify risks or conduct due diligence:  (a) it’d be analogous to a musician securitizing songs … Continue reading

Jocks and Bonds – similarites between entrepreneurs and pro athletes

November 1, 2013

Writing at Grantland Katie Baker discusses the proposed Arian Foster (Houston Texans, University of Tennessee) IPO and compares entrepreneurs to professional athletes: When you think about it, many entrepreneurs share a number of similarities with professional athletes (and not just a predilection for hoodies or the phrase “at the end of the day”).  A breakout success early in life — say, spending $6.7 million on a stake in eBay that … Continue reading

The love of taxes is the root of unhappiness, Part II

April 4, 2013

New evidence from the dismal science confirms what social science has already shown: the love of taxes is the root of unhappiness.   The original social science, from the December 2009 issue of Science, indicated that states with the highest taxes also have the least happy residents.  Residents of high tax states not only have less money to spend on other things that make them happy, they don’t enjoy many benefits in exchange for all … Continue reading

Southeast dominates CEOs Top 10

May 9, 2012

For the eighth consecutive year, Texas has been voted the best state for business by Chief Executive magazine.  The Top 10 looks familiar to us, as it constitutes most of the geography in which we have focused our investment efforts for over twenty years now, and adds to the growing list of evidence that some states understand job creation better than others.  The 2012 edition of their annual survey of CEOs … Continue reading

The love of taxes is the root of unhappiness: update

February 3, 2012

The Tax Foundation has issued its 2012 State Business Tax Climate Index, which once again confirms that the love of taxes is the root of unhappiness. We remain… happy.  And happy to report that’s true for our region as well. When confronted with the argument that higher taxes = unhappiness, we wonder, even while remaining sympathetic to the point of view, whether or not it runs vice-versa, or at least … Continue reading

Southeastern cities dominate Forbes Top 10 list

July 10, 2011

Our region took 9 out of the 10 top spots in Forbes’ list of The Next Big Boom Towns in the U.S.  The rankings were done in conjunction with Mark Schill at the Praxis Strategy Group, and are based on job growth, attractive lifestyle, ease of starting a business, and a broad range of demographic factors. We do love Phoenix, but these are several of the cities we and our … Continue reading

Southeast dominates CEOs Top 10

June 2, 2011

For the seventh straight year, Texas has been voted the best state for business by Chief Exectuive magazine. 2011’s edition of their annual survey of CEOs includes an excellent interactive map. The Top 10 looks familiar to us, as it constitutes most of the geography in which we have focused our investment efforts for over twenty years now, and adds to the growing list of evidence that some states understand … Continue reading

Crowding out private investment

May 25, 2010

In The Library in St.Pete you will find Amity Shlaes’ The Forgotten Man, in which Shlaes recounts how the TVA crowded out Wendell Wilkie’s Commonwealth & Southern, a private-equity-backed company ($400 million as reported in Wilkie’s testimony before a House committee) that was in the process of bringing electricity to the rural South. Since the TVA could borrow unlimited funds at low interest, and did not have to turn a … Continue reading

Ranking the Southeast business climate

April 20, 2010

The Chicago Tribune urges Illinois not to become a “New Michigan” or “New California” but instead mimic states such as FL, GA, VA, TN, TX, and NC.  In an April 11 op-ed entitled The Illinois Spiral they reference the third edition of Rich States, Poor States (from the American Legislative Exchange Council) in which our region scores very well: ALEC ranked states’ economic outlook vs. their 10 year (1998-2008) economic performance based … Continue reading

SE states’ debt burdens more favorable

March 31, 2010

The New York Times confirms another reason for the Southeast’s attractive growth potential and why increasing numbers of entrepreneurs are deciding to build their businesses in the region:  lower state debt burdens.  As the attached graph shows, the problem worsens dramatically when one considers many states’ unfunded pension liabilities.  (Click thumbnail for “top” 25 states for debt-to-GDP, “Overloaded with Debts Unseen”.) Not only will such debt levels likely lead to growth-stalling tax increases on the businesses that … Continue reading

← Older posts
© 2016 Ballast Point Ventures. All rights reserved.