The Bicycle Test

I am at Money2020 this week, meeting in person with hundreds of colleagues from all over the world, out of the 6000 attendees. We all use phones and Skype and GoToMeeting and so on, and still, there is no comparison with face-to-face encounters. Meeting and talking with everyone through scheduled Skype calls would have taken […]

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Magical Thinking?

Many things in life are quite difficult to understand, a long list that is getting shorter through scientific advances. But after thousands of years of living in a complex world that we mostly did/do not understand, we have developed various coping mechanisms, magical thinking being one of them. From Wikipedia, magical thinking “is the attribution […]

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Money For Nothing

In a previous life we were trying to adapt new innovative technologies from startups to the needs of Sberbank — a “technology research” activity that involved actually installing and integrating solutions and trying them out, not just reading the company sales pitch/marketing brochure. And I was presenting in front of a large audience of Russian […]

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Startup Boards

I have been a board member of many startups, and one thing I know for sure is that almost each board has a different view of its role and how to achieve it. Of course there are books and courses and blogs and all that. And everyone’s experience is different and most times not applicable […]

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Software-defined Payments Infrastructure

Software-defined anything (SDx) is a new term, attempting to name a collection of standards for computing infrastructure programmability and data center interoperability. It started with software-defined networking (SDN), which enables the separation of the networking logic and policies into software, decoupled from the individual hardware device. Think functionality similar to Cisco or Juniper network devices […]

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Patience with new ideas

When moving innovations/new ideas to the implementation stage, it pays to be patient. In one of my early startup experiences, we achieved $6 million/year revenue, no profit (but no loss either), painfully acquired 4800 on-line customers, and built quite a solid web-based solution. All in 18 months, with more than $10 million left in the […]

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