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Tag: #Entrepreneurs

Data Collection 2.0 aka Defcon 3

Data Collection 2.0 aka Defcon 3

 Said the Wall Street Journal, “More companies and government agencies out in the wild want to read our body parts. The Transportation Security Administration, for example, started scanning passengers’ faces instead of checking IDs. These groups say the biometric processes are meant to eliminate friction, save time and reduce lines.”

Why is that always the party line? To make our lives easier? To save us time? Does it? Ask anyone who has been a victim of identity theft, and remember “the huge Facebook data breach, in which upwards of 533 million Facebook users from 106 countries had personal data leaked online, including phone numbers, Facebook IDs, birthdates — you name it,” The Verge reported. Not that Facebook even bothered to tell users.

Yes, your phone has your fingerprint or faceprint. Fine, that’s native to your phone – or so they say. What about once the info is sent to the cloud? Cybersecurity is not top of mind for many tech companies, as we well know by the number of hacks reported and that continue to be reported and FYI, Ransomware Attacks Reach Record Highs: Demands and Payments Continue to Soar – and are we even informed about what data of ours might have been compromised? Read More...

X Marked the Spot

X Marked the Spot

Before you get your backs up, this is not about politics, and sung to the tune of ‘Let’s Talk About Sex:’ It’s about tech, baby, it’s about you and me, it’s about all the good things and the bad things that can be, It’s about tech. Let’s talk about tech.

At the dawn of the Age of Social, it was widely proclaimed that we, the users, were the product. Is a shift underway at a tectonic level?

Two men engaged in a conversation on X’s Spaces last week and the audience numbers were off the charts. Live, watched later, or simulcast over various sites, it was reported that between a quarter billion to a billion people tuned in. Read More...

A Much-Needed Perspective on Investors

A Much-Needed Perspective on Investors

Image by Stefan Schweihofer from Pixabay

We were in an online webinar recently, with a young investor as the guest speaker on the virtual dais. He is a former founder with several failures and one success under his belt. Given the fact that he has sat on both sides of the table, we were particularly curious about his investment approach, especially since he is a partner in a quite large fund.

While he is new to the investment side of the table, he has already developed his philosophy: if he is predisposed to investing in a company, he advises the founder to get some traction – meaning paying customers – and check back with him in a few months, whether the founder had achieved this or not. After said time, provided the founder is in the same position monetarily, he advises a pivot.

He does position himself as a very early-stage investor. Maybe not back-of-the-napkin, but fairly close. Read More...

CHARGE!

CHARGE!

Photo by Harri P on Unsplash

We recently hosted a very successful serial founder and sometime investor at our online Investor Insights, who just launched yet another company – his third. It was fascinating to listen to both his advice – and his history. His first company was quickly acquired by Google, which was ‘clearly’ a win, but careful there, founders: great to be ‘adopted,’ but not all ‘parent’ companies are the same. He served his time, celebrated the day the golden handcuffs came off, and quickly launched his next company, which pivoted a few times, as all companies do, but did find its footing and a sustainable revenue stream. Acquisition offers were proffered and rejected, perhaps since the entrepreneur had been there, done that.

The company is still alive and well and turning a profit to the tune of hundreds of millions a year.

Nice revenue stream. Read More...

Scary Tales of Tech

Scary Tales of Tech

Photo by Mark Bishop on Unsplash

According to the Farmer’s Almanac, “The origin of Halloween … can be traced to Samhain, an ancient pagan Celtic festival that is Gaelic for “summer’s end,” a day to bid good-bye to warmth and light. It marks the end of the harvest season and the start of winter (the darker “half” of the year).

“The ancient Celts believed that the veil between the living and the dead was at its thinnest during Samhain, making it the ideal time to communicate with the deceased and divine the future.”

When the Romans arrived, they combined the old traditions with their own, and Samhain evolved into All Hallows’ Day, “hallow” meaning “to sanctify.” Read More...

He’s Baa-aack!

He’s Baa-aack!

Image by Pete Linforth from Pixabay

Meta – the company formerly known as Facebook – has gone all in on the metaverse and judging from this past week’s press conference where Meta founder and CEO Mark Zuckerberg showcased his latest and greatest, it looks like this time, it might just have legs. Pun intended, of course, for those of us who remember his past iteration of the space and the legless floating torsos.

Now he’s back, like a bad penny, and in case you missed it, here is Everything Revealed in 10 Minutes, including “the launch of 28 chatbots (conversational agents), which supposedly have their own personalities and have been specially designed for younger users. These include Victor, a so-called triathlete who can motivate “you to be your best self”, and Sally, the “free-spirited friend who’ll tell you when to take a deep breath,” France24 reported.

“Meta sees these as “fun” artificial intelligence,” the piece continues. “Others…feel that this latest technological development could mark the first step towards creating “the most dangerous artefacts in human history”, to quote from American philosopher Daniel C. Dennett’s essay about “counterfeit people.” Read More...

Investors in the Hotseat

Investors in the Hotseat

Image by Lutz Krüger from Pixabay

Since we’re in the last throes of summer and many investors unplug at this time – not all, mind you, but this is the last hoorah of summer, so not the best time to send out that pitch deck, unless you happen to know the investor or someone in the fund. Then you’re more likely to get a response, which will most likely be, “looks interesting. Let’s revisit this after Labor Day.”

Been there, done that and tis the season.

That other season. Read More...

Meet the New Boss: The New Work Paradigm?

Meet the New Boss: The New Work Paradigm?

Photo by Austin Chan of Unsplash

A lot has changed since the lockdowns and the Submit or Flight response that ensued, when the migration from the Draconian rules of the tech hubs – Silicon Valley and New York in particular – began.

 

Working conditions shift with each new industrial revolution and despite the fact that the Information/Internet Era has been somewhat established for close to 20 years, we haven’t really seen a change. Until now. Read More...

What Does a Guy Have to Do to Acquire a Media Company Around Here?

What Does a Guy Have to Do to Acquire a Media Company Around Here?

Tech has been long overdue for a correction, and it certainly hit this week, with a vengeance and on all fronts, and especially in the stock market, where Jeff Bezos lost $13B in just a few hours. He’s still one of the wealthiest people on the planet but, hey, a billion here, a billion there, before you know it, it adds up to real money

Elon Musk had been battling for Twitter for weeks. The board scoffed at his initial offer. Twitter workers freaked out over Elon Musk in internal Slack messages (“Physically cringy watching Elon talk about free speech,” wrote one site reliability engineer, and for fook’s sake, doesn’t the South African-born billionaire realize that he’s in America now!!!). Now that Musk has more or less been handed the keys, the tech press is up in arms, too, that yet another billionaire owns a media company. Or so it was reported by MSN (backed by billionaire Bill Gates), in a Bloomberg opinion piece (owned by billionaire Michael Bloomberg) published in the Washington Post (owned by billionaire Jeff Bezos).

With all of those forces against him, makes you wonder what a guy has to do to acquire a media company in this day and age? Read More...

The Founder Test: Do You Have What It Takes?

The Founder Test: Do You Have What It Takes?

 

We all know the statistics: most startups fail for various reasons, primarily because they run out of money, or didn’t raise enough – or any. There is another factor to consider: do you have what it takes to be a founder of a company? There’s a lot of advice out there on the slides you need in your deck and why startups fail, but what about some basic skills you need to be a founder? We do know that many founders of very successful companies are psychopaths – do try to avoid going that route – and that aside, here are some things you need to consider: Read More...