Category Archives: business

If You Hadn’t Noticed, Crypto is Exploding

Yes, yes, it is a bubble.

So if you bought 100 bitcoin at $10 you would have invested $1,000. That investment would now have the paper value of $100,000.Should you sell before the bubble pops? Some would say “yes”.

You hear that all the time  by people who claim knowledge. And they may be right. Bitcoin may not be able to sustain a price of $10,000. At the same time, one has to acknowledge as well that these so called experts do not know what they are talking about.

Why not? They are experts in money! They know financial markets! That may be true. But crypto-.currency markets and crypto token markets are something new. And no one knows the extent of their potential penetration into global transactions. Why not? Because, by and large, it hasn’t happened yet. All we know so far is that money is pouring into crypto.

We also know that lots of people are working to develop new applications for crypto. These applications stretch the concept of what we call money, giving it something that we associated with equity. The biggest  crypto optimists, folks like Fred Wisoon and Al Wenger, believe that this will empower a new type of business model that will decentralize value adding activities.

What does that mean? Well, consider what I am doing now. I am writing this post in the hope that someone out there will find it interesting. If they do, I am happy. The value added that I can bring through posting, however, cannot be captured easily in monetary terms. I do this for the fun of it only. And if it could? If it could, I might give this work more attention. You might get more value from it. We would both be better off.

Stay tuned! Whether crypto busts or not, this will be a wild ride!

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GE Discovers that Innovation Aint Easy

GE is a huge entity and has been a wildly successful one. For the last 16 years or so, Jeff Immelt could claim some credit for that as CEO of the company. One of the things Jeff did was to embrace “lean” thinking  in order for GE to become more innovative. And boom!  This last year, an activist investor was successful in forcing Immelt out. GE will go lean no more!

So is this proof that lean thinking doesn’t work? That innovation is a con game? Steve Blank argues that the answers to these questions are “no”. At the same time, Steve makes a plug for his model to make innovation more systematic – to build innovation pipelines.

So why is this important? The reason is that while we all love the idea of innovation, few of us know how to make innovation happen. It is not a “one off” process, and contrary to popular myth, it does not happen quickly.  So Steve’s approach makes sense.

What do you think?

A Quick Factoid about PayPal

This surprised me (from Bill Mougayar’s Business Blockchain)

PayPal is the quintessential  payment disruptor.,,, With 179 million active users and $282 billion in total payments volume by the end of 2015, PayPal was “a truly global platform that is available in more than 200 markets, allowing customers to get paid in more than 100 currencies, withdraw funds from their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies. “

Interesting scope of operations!

Like Art? Then Love Blockchain!

Consider this bit of data

… The current level of spending  (in the global media and content distribuion industry) has been estimated to grow from $1.7 trillion (trn) in 2016 to over $2trn in 2019.

Errr … that is $2 trillion next year. Artists must be doing really well, right? Wrong. Most that money is going to gatekeepers. Platform owners like YouTube, and the rest. Artists are getting screwed.

The solution is around the corner, though it is not yet clear how it will be implemented. What is it? Consider that blockchain technology does away with the need for gatekeepers. With blockchain, a platform can thrive on peer to peer payments. That means artists can get paid directly from folks who enjoy their art.

What kinds of art — any kind. Forbes has the story about a few start ups that are getting into this space. My prediction — this is just the beginning.

Stay tuned!

Two Elephants in the Forest; Google and Amazon

We live in rather amazing times. Amazing because we see changes happening in real time more quickly than ever before.

I can remember, for example, how slowly the US automobile market shifted away from GM in the late 1070’s. The reasons for the change in consumer preferences was obvious, but GM and others reacted to those changes very slowly. GM even blamed consumers for not seeing the value of their products in comparison to Japanese models that were gaining in popularity.

More recently, we saw the tumultuous rivalry between Microsoft and Apple. We saw the emergence of Amazon. We saw the rise of social networking and Facebook. We saw the battle lines shift from PC sales to operating systems to browsers to mobile devices.

And we are now seeing some new things that were not anticipated just a few years ago. Voice assistance is becoming mainstream. And it creates a major area of competition between Amazon and Google. This article gets into that amazing new battleground.

And there is one more thing about to happen that neither Google nor Amazon is prepared for. The emergence of blockchain as a tool that will totally restructure web architecture. The theory is that Blockchain eliminates the market value of  “gate keepers”. We can re-organize our networks, not through Facebook, but  in custom fashion that empowers us.  In that setting, the big boys of tech are not as important as they are now.

But for the time being, let the games continue!

Checking out Honda’s $5 m small Jet

Some years ago, there were reports in the media that new composite materials and engine designs were opening to door to production of smaller and less expensive jets. This was a big deal for regional airports who might use them as “air taxis”.

Living in Tartu, I have a special interest. We have an airport but it offers rather limited services. Could we develop our own “air taxi” industry?

So I have kept tabs on this industry and by and large have been a bit disappointed. Until recently. Now we are starting to see less expensive small hets coming on the market.

The latest is from Honda. BI offers a quick peek inside. It is very small, perhaps too small. But the price tag is “in the range”

BTW, the Cirrus Vision jet is much cheaper (going for less than $2 m) BI profiled this one as well.

And there are a bunch of others

  • Eclipse 400 – $1.2 million.
  • Maverick SoloJET – $1.25 million.
  • Stratos 714 – $2.5 million.
  • Adam A700 – $2.25 million.
  • Spectrum S.33 – $3.95 million.
  • Cessna Citation Mustang 510 – $3.28 million.
  • Embraer Phenom 100E – $4.4 million.