AZ Tech Roundtable 2.0
AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: http://aztrtshow.com/ Please Subscribe. Thanks for Listening. - More Info: https://www.economicknight.com/azpodcast/
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Best of Clean Energy, EVs & Battery Power - AZ TRT S05 EP15 (230) 4-14-2024
04/19/2024
Best of Clean Energy, EVs & Battery Power - AZ TRT S05 EP15 (230) 4-14-2024
Best of Clean Energy, EVs & Battery Power AZ TRT S05 EP15 (230) 4-14-2024 What We Learned This Week Steve Zylstra of AZ Tech Council on Clean Energy Daniel Tonkopiy of Delfast Bikes on EV bikes Praveen of Monarch Tractor on AI, EVs & Farming Mark Hanchett of Atliss Motors on EV Trucks & Batteries Clean Energy - many Tech Co's working on zero emission plan Delfast E Bikes – smart bike, connects to E Bike, range of 220 miles on 1 charge, & speed of 50 mph, can drive on all different terrain Monarch Tractor is AgTech working towards a future with Clean Farming Atlis Motors is an Energy Company - Apple of energy – vehicle is their ‘I-Pod’ Revolutionizing the Electric Battery - Lithium, cobalt, copper w/ a Lifespan – 1 million miles or 10 years + Seg 1 Clip from 10/30/2022 – w/ Steve Zylstra, President / CEO AZ Tech Council Replay Seg. 4 – on Clean Energy and tech FULL SHOW: Guest: Steve Zylstra, President / CEO AZ Tech Council Steve Zylstra of AZ Tech Council joins BRT to talk all things technology in the Valley. The Arizona Technology Council is one of the largest technology-driven trade associations in North America, with over 850 members and growing, the only organization specifically serving technology companies statewide. They protect innovators and truly believe that technology moves all of us forward; and are dedicated to the future of Arizona. Steve Zylstra advocates for AZ tech, as well as his recurring writing about the industry. Steve, and the Council are a major source for updates on technology, business growth, and what legislation is being drafted. Seg 2 Clip from 9/18/2022 – w/ Daniel Tonkopiy, CEO, Delfast Bikes Replay Seg. 4 – on VC Funding and competition FULL SHOW: Guest: Daniel Tonkopiy, CEO, Founder, Chairman Delfast Bikes Daniel Tonkopiy is founder and chief executive officer of Delfast, Inc. Daniel is a serial entrepreneur with more than 20 years of successful business experience. His previous entrepreneurial endeavors include best.ua, a Ukrainian business reviews service; X-Rift, an augmented reality mobile game; and Million Dollar Startup, a Kyiv-based startup school. In 2014, Daniel set out to transform the future of transportation and combat climate change with Delfast’s innovative E-bikes. He has since grown the company into a disruptive global e-bike leader that holds a Guinness World Record for greatest distance (228 miles) traveled on a single charge. In addition to Delfast, Daniel also serves as a business and entrepreneurial mentor for MiniBoss School, Startup Ukraine, and the Central Asia FLEX business program. He is an author, a former radio host, and is a dynamic and sought-after speaker inspiring entrepreneurs and sustainability enthusiasts globally at more than 50 conferences to date. Daniel holds a Bachelor’s degree in International Economic Relations from Kazakh Economic University. Delfast Bikes ECO-FRIENDLY - No air emissions and subsequently ― negative impact on environment. SIGNIFICANT RANGE - In-house developed Battery Management System allows to travel up to 370 km on a single charge. RELATIVELY CHEAP - We help to save your money for expensive fuel and insurance. LESS STRESS, MORE FREE TIME - Delfast bike is the best choice to avoid annoying traffic jams. CONVENIENCE - You can easily switch on bicycle mode and do sports when you want; and use e-bike mode when you are tired. Seg 3 BRT S03 EP23 (122) 6-5-2022 – Monarch Tractor Brings AgTech to Farming w/ Praveen Penmetsa Guest: Praveen Penmetsa - CEO of Monarch Tractor Praveen Penmetsa has nearly two decades of hands-on experience in translating creative visions into products for startups to Fortune 50 companies alike. He co-currently serves as founder and CEO of Motivo Engineering, a product-engineering firm with clients in the Mobility, Energy, AgTech, and Aerospace sectors. Praveen holds an MSME in Mechanical Engineering from the University of Cincinnati. Monarch Tractor: Working Toward a Future With Clean Farming Labor shortages, climate change, and food safety concerns create a multitude of challenges for farmers. Monarch Tractor provides a farmer-first approach to innovation, making each decision with our end user and their biggest challenges in mind. Our dedication to solutions for the farmer also means healthier solutions for the planet, for the consumer, and for the global food ecosystem. Clip from Seg. 2 - FULL SHOW: Seg 4 Guest: Mark Hanchett CEO & Founder of Atlis Motor Vehicles - from 1/31/21 Seg. 2 Electric vehicles history, and the inspiration for Atlis Motors. Atlis is an energy company, the Apple of electric vehicles and the truck is their I-Pod. Electric trucks, engine battery, and battery design. Where (and how) is the battery produced? Full Show: Tech Topic: Best of Tech: Investing Topic: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Opening Day - Gambling & Charlie Hustle w/ Keith O’Brien + History of the World Series by Tyler Kepler NYT Baseball Writer - AZ TRT S05 EP14 (229) 4-7-2024
04/11/2024
Opening Day - Gambling & Charlie Hustle w/ Keith O’Brien + History of the World Series by Tyler Kepler NYT Baseball Writer - AZ TRT S05 EP14 (229) 4-7-2024
Opening Day - Gambling & Charlie Hustle w/ Keith O’Brien + History of the World Series by Tyler Kepler NYT Baseball Writer AZ TRT S05 EP14 (229) 4-7-2024 What We Learned This Week Gambling Scandal parallels of Pete Rose vs Dodger’s Shohei Othani Charlie Hustle the icon - Rise & Fall Business of Baseball - Drafting Players to Analytics & how the Game has evolved History of the World Series - Did Babe Ruth call his shot? Guest: Keith O’Brien Website: Keith is the New York Times best-selling author of Paradise Falls, Fly Girls, and Outside Shot, a finalist for the PEN/ESPN Award for Literary Sports Writing, and an award-winning journalist. O’Brien has written for The New York Times, The Atlantic, The Washington Post, and Politico, and his stories have also appeared on National Public Radio and This American Life. He lives in New Hampshire. About the Book “CHARLIE HUSTLE: The Rise and Fall of Pete Rose, and the Last Glory Days of Baseball” Pete Rose bounded out of the dugout like a hurricane spinning unfettered through the world. He slid head-first into bases in a mist of dust and fury. He sprinted out walks like a teenager. He was loud. Brash. Supremely confident. Entirely focused. He approached every game with ferocity and raw emotion—often like he was in the middle of a bar room brawl—and endeared himself to the fans because of it. He seemed to manufacture runs out of pure will power. He racked up mind-boggling stats and awards and streaks and wins and pennants and titles with seeming ease. When his team needed clutch hits, he provided them. When glory was 90 feet away, he reached for it. He bowled over catchers at home plate, shouted at pitchers to intimidate them, and ripped through middle infielders to break up the play. He would beat them all. One way or another. Pete Rose would never back down. Could never back down. This spring, author Keith O’Brien and Pantheon Books will present the gritty and gripping new biography of the flawed legend—baseball’s tragic character—the man who could never return to the game he lived to play: “CHARLIE HUSTLE: The Rise and Fall of Pete Rose, and the Last Glory Days of Baseball” (Pantheon Books, March 26, 2024). It is a story unlike any other in baseball history. A story of virtuosity and success; addictions and secrets; recklessness and many missed opportunities for salvation. For over 25 years in Major League Baseball—from 1963 to 1989—Pete Rose was the sport’s unquestioned hero on the field. He was the heart of the Big Red Machine dynasty in Cincinnati. Rookie of the Year in 1963. MVP in 1973. He won three batting titles. Two gold gloves. Six National League pennants. Three World Series titles. He was named to 17 NL All-Star games at five different positions. He became the all-time hit king in the process, surpassing the legendary Ty Cobb. He was extraordinary while seemingly ordinary in equal measure, and the fans loved him for what they knew to be true. Pete Rose wasn't physically gifted or a particularly special athlete. He was like the rest of us. He was Charlie Hustle. The American Dream in red stirrup socks. Baseball personified. With bat in hand, Pete Rose was the hero, forever young, forever relevant, but a storm was coming. Yes, Rose was both a miracle and a disaster. His opponents viewed him with both reverence and disdain. While some of them believed that his Charlie Hustle routine was a joke or that his aggressive antics were just plain dangerous, they respected his greatness and his longevity in the game. There was no doubt that he often came off as uneducated, unpolished, boorish, and rude, but most figured that he had earned the right to his “unique” perspective over the years. But then the rumors started to circulate that he was mingling with an unsavory crowd. Shady characters that included well-known bookies and gamblers. It wasn’t a secret that Rose had always been a gambler, but now there was growing evidence that he was betting on the sport that had made him a household name. With the 1919 Black Sox scandal looming as the cautionary tale still fresh in the game’s history, this growing storm threatened to destroy everything Rose had built. He could lose his livelihood and the game itself. It could strip away the mythology and dismantle the icon and reveal the very flawed human being he was off the field. So he did the only thing Pete Rose could do in the face of overwhelming evidence and his impending exile. He lied. And continued to lie for 15 long years. CHARLIE HUSTLE also covers: * His fraught relationship with his father—Pete Rose Sr.—the semi pro, Cincinnati sports legend * How Rose overcame his lack of athleticism as a child with the intangibles that personified “Charlie Hustle” * The terms of his first professional contract—enthusiastically signing for $7000 * His early seasons of darkness in the lowest rungs of professional baseball * The public relations bonanza when the local West High boy made the Cincinnati Reds’ Opening Day roster * Rose’s long relationship with the city of Cincinnati * His courtship and marriage to Karolyn Ann Engelhardt, which ended in divorce in 1979 * Rose's batting philosophies and the roots of his unusual crouching batting stance * Rose’s early entrees into gambling at spring training in Tampa—his infamous “triple headers” * How Mickey Mantle and Whitey Ford came up with his “Charlie Hustle” nickname and how they had intended it to be an insult * Rose's game-winning run in the 1970 All Star Game and how he and Ray Fosse were dinner companions the night before * How "The Big Red Machine”—the nearly unbeatable Cincinnati Reds dynasty of the 1970s—took shape * The details surrounding Rose’s affair with a girl half his age—a teenager—in the mid-1970s * The early divide and rivalry between Pete Rose and teammate Johnny Bench * The revelation that Tony Perez was the true leader in the locker room for those Reds dynasty teams * Rose’s rivalry with the Oakland A’s ace Jim “Catfish” Hunter during the 1972 World Series * Rose's dust up with Bud Harrelson in the 1973 NLCS which left the Reds players fearful for their safety * How Curt Flood’s fight for free agency affected Pete’s contract negotiations during the era * Rose’s relentless pursuit of Joe DiMaggio’s 56-game hitting streak in the summer of 1978 * His brazen longtime affair with a woman named Terry Rubio, who would ultimately file a paternity suit against Rose * Rose’s incomprehensible ability to play extremely well while going through all manners of personal turmoil * Rose’s role as savior of the Philadelphia Phillies, a team that had never won a World Series, but soon would in 1980 after signing Rose as a free agent in 1979 * The details surrounding Rose’s single off of San Diego Padres’ pitcher Eric Show for hit number 4,192 * The rumors that Rose had been using a corked bat in his later years and may have even used them for his march to the hits record * Background on the shady collection of bookies, railbirds, lackeys, dope dealers, and gofers who surrounded Rose in those later years * The evidence that not only was Pete Rose a gambler, but a terrible gambler—he lost a lot * How and why a manager betting on his home team harms the game * The self-deprecating, chain-smoking academic from Yale University—A. Bartlett Giamatti—whose handling of the scandal as the Commissioner of Baseball was a master class in crisis management * How an impending Sports Illustrated story about Pete Rose betting on baseball backed to baseball into a corner in how it dealt with the matter * How if Pete Rose had admitted to betting on baseball in an initial meeting with Peter Ueberroth, Bart Giamatti, and Fay Vincent, he most likely would have incurred a light punishment * The release of the Dowd Report, and the background of its special counsel, John Dowd * The details surrounding Bart Giamatti's death in 1989 * The Baseball Hall of Fame’s response to Pete Rose’s candidacy * How, in 2004, he published a book where he admitted to betting on baseball and on the Cincinnati Reds * How reinstatement eluded him—in 2004, 2015, 2020, and 2022—and, if anything, his situation grew worse * Theories why Rose hasn't I been forgiven to date * Baseball’s ever-evolving relationship with sports gambling and what that means for Pete Rose and for the future of the sport * The six simple words that might have changed everything: “I'm sorry I bet on baseball.” New York Times bestselling author Keith O'Brien grew up in Cincinnati when Pete Rose was at the peak of his fame and witnessed his shocking downfall first-hand. More than three decades later, it’s hard to appreciate how much the controversy became such a part of the American conversation. The mythology surrounding Pete Rose was so fixed and strong that the disgust, frustration, pity, and confusion that followed his banishment stirred endless debates about the man, the allegations he faced, and, in turn, about the game of baseball itself as arbiter. Rose quickly became a fault line in the collective American conscience, and it clearly marked the end of the age of innocence in sports. O’Brien documents all of this like never before in CHARLIE HUSTLE, with unprecedented reporting and access. He met with Rose in person and they spoke on the record for 27 hours, before Rose stopped calling back, before he shut down. O’Brien is the only biographer that Rose has ever spoken to when he didn't have any editorial control. Beyond those conversations, O’Brien delved into thousands of pages of previously unutilized federal court documents, newly released FBI files, raw TV footage, decades of newspaper articles, Major League Baseball's voluminous 1989 investigation into Rose’s misdeeds; and nearly 150 hours of interviews with Rose's friends, enemies, former teammates, family members, two former Commissioners of baseball, three people who placed his bets, four different investigators who dug up his secrets, and the special counsel who led the charge, John Dowd. Pete Rose loved baseball and wanted to play forever. Keep hitting forever. Never grow old. Never stop swinging. Never go home. But the same qualities that made him a successful baseball player—and one of the greatest hitters of all time—ensured his banishment. He couldn’t be vulnerable. Couldn’t beg for forgiveness. Or even apologize until it was far too late. Doomed by his own ignorance and hubris, Pete Rose was going down. Guest: TYLER KEPNER Website: Tyler is the author of the New York Times bestseller K: A History of Baseball in Ten Pitches. He has covered every World Series game of the last two decades for The New York Times. He started his career as a teenager, interviewing players for a homemade magazine in the early 1990s. He attended Vanderbilt University on the Grantland Rice/Fred Russell sportswriting scholarship, then covered the Angels for the Riverside (Calif.) Press-Enterprise and the Mariners for the Seattle Post-Intelligencer. He joined The New York Times in 2000, covering the Mets for two seasons, the Yankees for eight, and serving as the national baseball writer since 2010. From the New York Times bestselling author of K: A History of Baseball in Ten Pitches, a highly entertaining, revelatory history of the World Series, filled with gripping behind-the-scenes stories from 117 years of the Fall Classic. The World Series is the most enduring showcase in American team sports. It’s the place where legends are made, where celebration and devastation can hinge on a fly ball off a foul pole or a grounder beneath a first baseman’s glove. And there’s no one better to bring this rich history to life than New York Times national baseball columnist Tyler Kepner, whose bestselling book about pitching, K, was lauded as “Michelangelo explaining the brush strokes on the Sistine Chapel” by Newsday. In seven scintillating chapters, Kepner delivers an indelible portrait of baseball’s signature event. He digs deep for essential tales dating back to the beginning in 1903, adding insights from Hall of Famers like Reggie Jackson, Mike Schmidt, Jim Palmer, Dennis Eckersley and many others who have thrived – and failed – when it mattered most. Why do some players, like Madison Bumgarner, Derek Jeter and David Ortiz, crave the pressure? How do players handle a dream that comes up short? What’s it like to manage in the World Series, and what are the secrets of building a champion? Kepner celebrates unexpected heroes like Bill Wambsganss, who pulled off an unassisted triple play in 1920, probes the mysteries behind magic moments (Did Babe Ruth call his shot in 1932? How could Eckersley walk Mike Davis to get to Kirk Gibson in 1988?) and busts some long-time myths (the 1919 Reds were much better than the Black Sox, anyway). The result is a vivid portrait of baseball at its finest and most intense, filled with humor, lore, analysis and fascinating stories. THE GRANDEST STAGE is the ultimate history of the World Series, the perfect gift for all the fans who feel their hearts pounding in the bottom of the ninth inning of Game Seven. Notes: Tyler Kepner wrote the grander stage the history of the World Series about baseballs October classic. Is the New York Times national baseball radar and has a background in being a bit writer for teams. He’s originally from Philly. He was an intern at the Boston Globe and then the Washington post. Got a job out of college covering the Angels. Then got a job covering the Seattle Mariners for a newspaper in Seattle. In 2000 he got a job at the New York Times covering the mats for two years. Then he was covering the Yankees for eight years. 2010 he became the New York Times national baseball writer. Writing the book on the history of the World Series was a lifelong goal. He had written a previous book about pitching called K. The book was a three-year project to write. Tyler has covered 24 World Series dating back to 1998 as well as gone to two as a fan, 1983 series with the Phillies as a kid and then 1993. Tyler always follows good stories for his baseball writing. The 2022 baseball playoffs started in St. Louis to see about Albert polos last games. Then moved on to cover the New York Yankees. And then he’s going to see the Seattle Mariners as they are in the playoffs for the first time in years. TV ratings for baseball have been decent. Still gets very good ratings in local markets. Baseball like other sports is still live programming and and they jam of TV. Sports creates appointment setting type TV. When you cover baseball as a rider, you will go to the ball park about 2 PM for a 7 PM game. He would mall around the stadium and clubhouse talk with players the manager may be the GM. Most days he’s writing, with a deadline by the night time to be able to post by the next day. Player access in baseball is pretty open, it’s an every day business and they give the media plenty of room to work. Tyler missed game seven of the 2001 World Series in Arizona versus the Yankees because of a family commitment. Baseball business as no hard salary cap, just some luxury taxes. It is expensive to build a team as you need free agents but also good scouting and player development. There’s a lot of have and have Nots. Many of the smaller teams like the Oakland A’s I’ve had player stolen by big teams like the Yankees or the Red Sox, almost acting like farm systems for the bigger teams. Baseball has changed over the years with the introduction of analytics and stats that now dominate the game. The teams that use at the best and can communicate the info to the players usually win. A great example of this is the GM of the Dodgers Andrew Friedman, who previously had been the GM of the Tampa Bay rays. Dodgers are well run team have a little bit of a small team mentality where they draft and develop players well, but also of the big resources and money to get the free agents. Teams have to convince the players how data will help their game. It isn’t that hard since the new generation has been raised on their cell phones and data. The idea being a singing how are you can swing better, or what is a better pitch for a pitcher to use so that players can play well. Older guys in baseball lament the analytics and how it’s changed the game. Amateur players understand how they have to do well on the metrics, and how hard they hit the ball, and swing playing in velocity. The older scouts and baseball people dislike the fact that it’s not about moving the runner over in contact anymore. The game has evolved and the analytics and the data shows you what you need to do to win. Sports, including baseball is good for TV because it has live programming and people still watch live programming. Baseball games still may take longer but they still get OK national ratings and very good local ratings. Baseball is working on a little changes for more balls in the way and excitement. There is a lot of home runs and strikeouts right now. Baseball making some rule changes to affect us like regulating the shift and how the defense fields, changes to the baseball and maybe bigger bases to encourage base running aggressiveness in more stolen bases as examples. Billy Beane of Moneyball and the Oakland A’s popularized baseball analytics and data. Been had a classic line I pay you to get on base, not to get caught stealing. No risky place. Tyler wanted to write World Series stories that people don’t know. An example is what happened in the next game after Don Larsen throws a perfect game for the Dodgers. What happened to setup Kirk Gibson home run in 1988 vs As Tyler loves the art of pitching and the slider and the knuckleball. He had written a previous book K the history of baseball and 10 pitches. Did Babe Ruth call his shot? That is the legend, but it is not true. Babe Ruth told the Cubs he was going to do some thing, but did not point at offense. Back then the cubs pitchers would’ve thrown at Babe Ruth if he was showboating like that. If you enjoyed this show, you may like: BRT Sports: BRT Marketing: BRT Business: More - BRT Best of: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: ...
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Big Data, AI, + Psychographics – How Amazon, Google & Other Big Tech Keep You on Their Platform Revisited w/ Manu Aggarwal - AZ TRT S05 EP13 (228) 3-31-2024
04/05/2024
Big Data, AI, + Psychographics – How Amazon, Google & Other Big Tech Keep You on Their Platform Revisited w/ Manu Aggarwal - AZ TRT S05 EP13 (228) 3-31-2024
Big Data, AI, + Psychographics – How Amazon, Google & Other Big Tech Keep You on Their Platform Revisited w/ Manu Aggarwal - AZ TRT S05 EP13 (228) 3-31-2024 What We Learned This Week: Netflix, FB, Amazon, Microsoft, Apple, Google/YT – Tech co’s track all your data, create your profile and serve you what you like and connect you with others of the same interest and feed more interesting data. AI uses a Recommendation Model – you bought this, so you’ll like this. This model is 100x smarter now than years ago (getting smarter) and goes deep down the data mine Psychological Tricks by software try to keep you on the platforms through notifications, messages, emails, and more tracking Guests: Manuj Aggarwal Manuj joins BRT to talk about engineering Big Data and AI for growth, to give us actionable insights from data, cyberspace, cloud adoption, on customer analytics & psychographics. So much of tech is inter-connected from AI to The Cloud to data analytics to solution architecture, and design in Software Manuj is a 20 year tech consultant with an extensive background in software and AI. His resume is vast, consulting, tech, software, patents, author, courses, and more. Manuj is originally from India of humble means, worked thru the Dotcom Bubble (lost his job), and now runs his own company, Tetranoodle with a office in Canada. The clients list is a who’s who of tech, including Microsoft, IBM, and ING. His company has grown from 5 employees to nearly 30 in the last 2 years. You can also listen to his podcast – Bootstrapping Your Dreams, and a YT channel with business advice. Cloud Computing to process data has changed the game on Data. We don’t need huge computer anymore. Moore’s law has shown that computers get faster, while costs come down. CPU Processors are very fast and use 1 computer vs. many computers in a room in past. Algorithms of today have gotten smarter, doing things that could not be done 20 years ago. AI/Algorithms are always improving, learning, they try, then fail, and learns more. It gets faster, and better. This model is 100x smarter now than years ago, and goes deep on data mining. Netflix, FB, Amazon, Microsoft, Apple, Google/YT – Tech company’s track all your data, create your profile and serve you what you like and connect you with others of the same interest. Then they feed more interesting data. This is done thru their Recommendation Model – ‘you bought this, so you’ll like this’. The power of the FB lookalike audience – take 500 people on your list, and can match 1000 characteristics of 2 billion FB users. Tech uses Psychological tricks to try to keep you on the platform through notifications, messages, emails, and more tracking. Per Manuj, the news over-blows the big tech data topic. We all use FB, Google and other tech sites for free. The price is your data. This data is being organized to enhance your experience and help you. Privacy – people usually do not comprehend how data privacy really works and constant trade off to use this technology. Manuj is working on projects to use AI to bring people together – tech can help bring people closer and get new opportunities. People adapt to tech and new jobs – future of work. Tech Topic: Best of Tech: Investing Topic: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Diagnostics in Life Sciences is the Key to Healthcare w/ Mara Aspinall of Illumina Ventures - AZ TRT S05 EP12 (227) 3-24-2024
03/27/2024
Diagnostics in Life Sciences is the Key to Healthcare w/ Mara Aspinall of Illumina Ventures - AZ TRT S05 EP12 (227) 3-24-2024
Diagnostics in Life Sciences is the Key to Healthcare w/ Mara Aspinall of Illumina Ventures AZ TRT S05 EP12 (227) 3-24-2024 What We Learned This Week Diagnostics is the key to healthcare, identifying medical issues and designing the right treatment for the patient Five Levels of Diagnostics – Screening, Diagnosis, Prognosis, Interacting, & Monitoring Illumina Ventures is a life sciences venture capital firm with 35 companies in their portfolio Their investment companies deal in genomics, cancer testing, telehealth, at home testing & more Future of Biotech will be impacted by both AI and Nanotech Guest: Mara G. Aspinall, Partner, Illumina Ventures President and CEO, Board Member of AZ Bio - Mara Aspinall is a healthcare industry leader and pioneer with a commitment to civic involvement. She is a Partner at Illumina Ventures, an independent, global healthcare venture capital firm focused on genomics and precision health investing including diagnostics and therapeutic products. Aspinall has deep roots in venture investing, having co-founded BlueStone Venture Partners in 2017. BlueStone has a strong portfolio of diagnostic, medical device, and digital health companies in the U.S. Southwest. Throughout her career, Aspinall has spearheaded initiatives to educate payers and policymakers on genomics and personalized medicine. She publishes the popular Sensitive and Specific: The Testing Newsletter and the annual Diagnostics Year in Review. This commitment to expanding knowledge inspired Aspinall to create and co-found the Biomedical Diagnostics master’s degree program at Arizona State University, the only program dedicated exclusively to diagnostics, genetics, and genomics. Previously, Aspinall was President and CEO of Ventana Medical Systems, a billion-dollar division of TheRoche Group, (now Roche Tissue Diagnostics), a worldwide leader in the development and commercialization of tissue-based cancer diagnostics, where she led more than two dozen major instrument and assay launches and helped position the company as a global leader in companion diagnostics. Aspinall spent 13 years at Genzyme Corporation, where she served as President of Genzyme Genetics and Genzyme Pharmaceuticals. Aspinall transformed the business from a small, specialized player to one of the top five laboratories in the U.S. while setting the industry standard for quality testing. The business was sold to LabCorp for $1 billion in 2010. Aspinall also served as Founder and CEO of On-Q-ity, a start-up diagnostic company dedicated to circulating tumor cells. During the pandemic, Aspinall emerged as a national authority on COVID testing, serving as the principal investigator at Arizona State University on grants from The Rockefeller Foundation, creating TestingCommons.com and EvidenceCommons.com – internationally recognized interactive databases on COVID diagnostics and related research and clinical applications. Aspinall was named Arizona Biosciences Leader of the Year by the Arizona Bioindustry Association and one of “100 Most Inspiring People in Life Sciences” by PharmaVOICE magazine. Aspinall has extensive board experience. She has served on multiple public and private company boards in leadership roles over the last ten years. She is currently Chair of the Board of OraSure (OSUR) and Chair of the Nominating & Governance Committee of Castle Biosciences (CSTL). She also serves on the board of BlueCross BlueShield of Arizona. She holds an MBA from Harvard Business School, a BA in International Relations from Tufts University, and is certified in Cybersecurity Oversight from Carnegie Mellon/NACD. Notes: Seg 1 All of life sciences and biotech is healthcare. Diagnostics is the central organizing portion in healthcare, and consists of testing if needed. There are five (5) levels to diagnostics. Level One is Screening – where a patient may or may not be sick, check the health status, and also could be regular check ups for something pre-diagnosed. Level Two is the Diagnosis - where tests are taken and then you see the results of the test. Level Three is the Prognosis – what symptoms does the patient have, and where you need to go from here, what will happen with these symptoms. Level Four is a newer part called Interacting - This is where you can do personalized medicine and what’s called theranostics or drug treatment. You combine drugs with the treatment. You have to analyze what type of drug is needed. What someone’s body is like, how they metabolize drugs. What dose central levels are needed. People’s reactions to drugs is not just body size or weight as suggested previously, but could be very much based on the genes. Level Five also new is called Monitoring - If disease treatment is over how do you monitor over the long term. What test do you take to confirm that there’s been no return of the disease. Examples would be an MRD test which stands for a minimal residue disease. You also may be doing things like CT scans or x-ray scans in the past, but sometimes these do not detect disease properly. Some cancers could be very small and you need a blood test. People may check in through cycles of a disease treatment also. Seg 2 Regarding monitoring and Level Five using cancer as an example. People may go through 6 rounds of chemotherapy treatment. The doctor should monitor by round 3 and check is the tumor reduced or how is the chemo working. Do you want to have benchmarks to see if you’re reaching the health goals and if the medicine is effective. Future treatment might be biopsy of a tumor and testing glass to see what drug may work on it. Revisiting Level Four in personalized medicine you may see in the future Chino metric analysis. Check the risk level for certain diseases so you can have a preemptive process to prevent potential predisposed diseases. This is level A. Level B would be when diagnosed with a disease, you check the tumor, mutations and genes checking both the DNA and RNA. Mara is on the board of AZ Bio (.org). The goal of AZ Bio is bringing educated people about biotech together to affect the state, the universities, and companies. Move research along with the responsibility to patients in the medical field. Mara is involved in venture capital which is critical, because it funds entrepreneurs in good companies to research and create Biotech product processes and products. There are other levels of investment, which typically start with friends and angel investing then move on to venture capital, and then private equity for really big rounds. She was the founder of Blue Stone and they invested in Southwest companies. In the fall of 2023 she became a partner at Illumina Ventures. They deal with 35 different companies. They’ve invested in all levels, biotech and genomics. You’re looking for a VC to be specialized and knowledgeable about an industry so they can help the business grow provide it with money and add expertise. Seg 3 Mara and Illumina Ventures recently put out a report - Diagnostics Year in Review. This report covers how did the industry is doing, what stocks earn money, what IPOs there were, financials, clinical, innovation, and mergers and acquisitions. How does venture-capital work? Typically you have individual funds one through five. You raise money from investors and invest in new emerging companies. Companies may be doing research, drug development, or working other areas of life sciences. Examples of companies in their portfolio: Delphi deals in cancer, diagnosis test and early screening for cancer and detection test. Level one screen checking for lung cancer and what early symptoms there are. Biopsy can be dangerous so you need other tests. Let’s Get Checked - a telehealth online company that brings testing to the patient either at home or in an urgent care or ER. This is faster and easier. Examples of test are Covid test and STD test. Serimmune human immunity research company Genome Medical a genetic counseling company, working with patients to discuss what diseases they may be predisposed to, and ways to not pass it to the Seg 4 Future of Biotech We saw with the pandemic, the rise of telemedicine with faster online diagnosis. We will also see in the future that AI changes drug development and reading tests The creation of better and faster equipment. The rise of nanotech, and early detection of diseases with blood samples - for example, at home blood draw. Check out the Best of Biotech Show: Best of Biotech from AZ Bio & Life Sciences to Jellatech - What We Learned This Week: AZ Bio mission to improve life sciences, & make AZ a Top 10 Bioscience state Aqualung Therapeutics is treating inflammation in the lungs, get people off ventilators & save lives Calviri is working on a Vaccine to PREVENT Cancer, currently largest animal clinical trial Anuncia Medical has a Re-Flow product to help drain fluid from the brain, treats Hydrocephalus Collagen 2.0 – Innovation to Gelatin & gummies Full Show: AZ Tech Council Shows: *Includes show from 2/12/2023 Tech Topic: Best of Tech: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Crossing the Chasm & Tech Adoption Revisited w/ Geoffrey Moore - AZ TRT S05 EP11 (226) 3-17-2024
03/22/2024
Crossing the Chasm & Tech Adoption Revisited w/ Geoffrey Moore - AZ TRT S05 EP11 (226) 3-17-2024
Crossing the Chasm & Tech Adoption Revisited w/ Geoffrey Moore AZ TRT S05 EP11 (226) 3-17-2024 Things We Learned This Week • Crossing the Chasm book (1990) has become part of the lexicon for Tech Industry knowledge, mass influence on Tech CEOs last 25 years, constant references • Chasm – early market vs. mainstream market • 5 Stages of Adoption – Innovators, Early Adopters, Early Market Pragmatists, Late Majority, Laggards • Win tech ‘primaries’, win some ‘beachheads’ & create whole niche market – get mainstream market to create momentum to the point everyone wants the product • Legacy Co’s fail to make tech turn, because they lose money in short term shifting to new disruptive tech away from mature industry that brings in bulk of profits $ Guest: Geoffrey Moore Bio: Managing Director, Geoffrey Moore Consulting Venture Partner, Wildcat Venture Partners Chairman Emeritus, TCG Advisors, and Member of the Board of Directors of several pre-IPO Companies Books – Crossing the Chasm, Zone to Win, Inside the Tornado, The Infinite Staircase, Escape Velocity & more… Geoffrey Moore is an author, speaker, and advisor who splits his consulting time between start-up companies in the Wildcat Venture Partners portfolios and established high-tech enterprises, most recently including Salesforce, Microsoft, Autodesk, F5Networks, Gainsight, Google, and Splunk. Moore’s life’s work has focused on the market dynamics surrounding disruptive innovations. His first book, Crossing the Chasm, focuses on the challenges start-up companies face transitioning from early adopting to mainstream customers. It has sold more than a million copies, and its third edition has been revised such that the majority of its examples and case studies reference companies come to prominence from the past decade. Moore’s most recent work is the, The Infinite Staircase, a bold new book, high-tech’s best-known strategist makes a seminal contribution to the search for meaning in a secular era. Two questions fundamental to human existence have always been the metaphysical “where do I fit in the grand scheme of things?” and the ethical “how should I behave?” Religion is no longer a source of answers for many people, and nothing has replaced it. Irish by heritage, Moore has yet to meet a microphone he didn’t like and gives between 50 and 80 speeches a year. One theme that has received a lot of attention recently is the transition in enterprise IT investment focus from Systems of Record to Systems of Engagement. This is driving the deployment of a new cloud infrastructure to complement the legacy client-server stack, creating massive markets for a next generation of tech industry leaders. Moore has a bachelors in American literature from Stanford University and a PhD in English literature from the University of Washington. After teaching English for four years at Olivet College, he came back to the Bay Area with his wife and family and began a career in high tech as a training specialist. Over time he transitioned first into sales and then into marketing, finally finding his niche in marketing consulting, working first at Regis McKenna Inc, then with the three firms he helped found: The Chasm Group, Chasm Institute, and TCG Advisors. Today he is chairman emeritus of all three. Notes: Crossing the Chasm book Crossing the Chasm, Take Two: Growing to Scale in B2B2C Markets Crossing the Chasm (1990) has become part of the lexicon for Tech Industry knowledge, mass influence on Tech CEOs last 25 years, constant references 5 Stages of Adoption – Innovators, Early Adopters, Early Market Pragmatists, Late Majority, Laggards Disruptive Innovation – is created & early adopters put the tech on the market Chasm – early market vs. mainstream market. Win tech ‘primaries’, win some ‘beachheads’ and create whole niche market – get mainstream market to create momentum to the point everyone wants the product – FOMO (Fear Of Missing Out) i.e. – EV niche, the mainstream streaming video Tornado phase – run like hell to keep up with demand. 1999 – Salesforce – enterprise software in cloud, SAAS mass adoption by 2010 Mid market could not afford Oracle Cloud early on, with SAAS everyone can afford. Legacy Co’s fail to make tech turn, because they lose money in short term shifting to new disruptive tech away from mature industry that brings in bulk of profits $ All companies are Tech companies now, and everyone needs to read Geoffrey Moore’s work. Zone To Win book about Mature Industries invest in new tech – form new second operating model for new tech model within a mature company, meanwhile old model continues asa separate division selling current long term product Go out of business if do not make tech transition, disrupted so much by new tech, as old tech becomes obsolete (think VCRs) Apple, under Steve Jobs, did great R&D. Had first Mover Advantage disruptive technologies. Rare to be disruptive company – most are disrupters. Good enough, fast enough – get in the game, catch up and convince clients you’re part of future. Talent costs money, startups attract talent. Very hard for legacy companies to attract talent because talent wants to work on new tech. Nokia lost way with disruptive smart phone. Blackberry, Blockbuster disappeared quick because of disruptive tech. Blackberry had Keypad – was disruptive tech and blown out also by smart phone spin off of new R&D tech. Kodak had digital film, invented it but could not move off of print film (legacy biz) and lost market share. Amazon has constantly disrupted itself and evolved. Fuji could not move off print film, but saved by coloring techniques. Infinite Staircase – book, passion project of Geoffrey Philosophical book – complexity and emergence stitch all the science stories of Big Bang Creation of the Universe to BRT podcast in 2022 and Moral Questions of life, Where do traditional values come from now? Let’s hope AI does not take over Flashback to: Seg. 2 of 3/6/2022 MB on Disruption in Business & The Innovator's Dilemma book by Clayton Christensen Clayton Christensen’s book, “The Innovator’s Dilemma” Tech Disruption – technology changes and a small company startup can up-end big tech companies. Hence, disruption - the power of disruption, why market leaders are often set up to fail as technologies and industries change and what incumbents can do to secure their market leadership for a long time. Innovator’s Dilemma – how can big companies stay up with tech changes and pivot without hurting core business? All businesses (including tech companies) have trouble with disruption. Example: Blockbuster – rented movies, DVDs, lost market share to Red Box (vending movie rental), then both disrupted by streaming movies. Music industry went from records to cassettes to CDs to streaming (Napster). MySpace taken out by Facebook in social networks. Yahoo search taken out by Google (controls 75% of the search market) Kodak afraid to get out of film business and passed on digital film, lost market share. To solve the Innovator’s Dilemma, big companies acquire smaller tech companies; have in house R&D to be ready for next tech wave. Steve Jobs of Apple was very influenced by Innovator’s Dilemma and took this idea seriously. If you do not try to put your company out of business (w/ disruption / new tech), someone else will. Jobs was not afraid to innovate, and cannibalize his own company and products to stay relevant. Apple created iPhone, and now computer is in your pocket Peter Thiel – “Zero to One” book - Great innovation is not A to B to C, it is vertical, jumps curves. Current smart phones have more computing power than a computer 20 years ago. Guy Kawasaaki (former Apple) Talk - “12 Lessons From Steve Jobs” Full Show: Tech Topic: Best of Tech: Investing Topic: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Leaders Teach us the Why, Playing Infinite Games & A Bit of Optimism w/ Simon Sinek - AZ TRT S05 EP10 (225) 3-10-2024
03/15/2024
Leaders Teach us the Why, Playing Infinite Games & A Bit of Optimism w/ Simon Sinek - AZ TRT S05 EP10 (225) 3-10-2024
Leaders Teach us the Why, Playing Infinite Games & A Bit of Optimism w/ Simon Sinek AZ TRT S05 EP10 (225) 3-10-2024 What We Learned This Week Best Selling Author & Speaker Simon Sinek talks Leadership & creating safe environments New Podcast A Bit of Optimism - inspiring stories Start With the Why - tell people the Why, before the What & How Playing Infinite Games - long term over short term Leaders Eat Last - Empathy, care about employees Guest: Simon Sinek, Best Selling Author & Speaker Simon is an unshakeable optimist. He believes in a bright future and our ability to build it together. Described as "a visionary thinker with a rare intellect," Simon has devoted his professional life to help advance a vision of the world that does not yet exist; a world in which the vast majority of people wake up every single morning inspired, feel safe wherever they are, and end the day fulfilled by the work they do. A trained ethnographer, Simon is fascinated by the people and organizations that make the greatest and longest-lasting impact. Over the years, he has discovered some remarkable patterns about how they think, act, and communicate, and also the environments in which people operate at their natural best. Simon may be best known for his TED Talk on the concept of WHY, which has been viewed over 60 million times, and his video on millennials in the workplace-which reached 80 million views in its first week and has gone on to be seen hundreds of millions of times. He continues to share inspiration through his bestselling books, including global bestseller Start with WHY and New York Times bestsellers Leaders Eat Last and The Infinite Game, as well as his podcast, A Bit of Optimism. In addition, Simon is the founder of The Optimism Company, a leadership learning and development company, and he publishes other inspiring thinkers and doers through his publishing partnership with Penguin Random House called Optimism Press. His unconventional and innovative views on business and leadership have attracted international attention, and he has met with a broad array of leaders and organizations in nearly every industry. He frequently works with different branches of the US Armed Forces and agencies of the US government, and is an adjunct staff member with the RAND Corporation - one of the most highly regarded think tanks in the world. Simon is also active in the arts and with not-for-profit work, or what he likes to call the for-impact sector. In 2021, he founded The Curve: a diverse group of forward-thinking chiefs and sheriffs committed to reform modern policing from the inside-out. Their purpose is to build a profession dedicated to protecting the vulnerable from harm while advancing a vision of a world in which all people feel justice is administered with dignity, equity, and fairness. A BIT OF OPTIMISM Podcast The future is always bright.if you know where to look. Join Simon Sinek each week for A Bit of Optimism as he talks to inspiring people who teach him more about life, leadership and generally interesting things. Simon’s Books: Start with Why - how great leaders inspire action | Simon Sinek | TEDxPugetSound - The Infinite Game - Leaders Eat Last | Simon Sinek - Notes: Seg. 1 Host Matt talking 3 Key Simon Sinek Concepts – Start with Why, Infinite Game, Leaders Eat Last Start with Why 'German philosopher Frederick Nietzsche once said, ‘He who has a why, can endure any how.’ Knowing your why is an important first step in figuring out how to achieve the goals that excite you and create a life you enjoy living (versus merely surviving!). Indeed, only when you know your ‘Why’ will you find the courage to take the risks needed to get ahead, stay motivated when the chips are down, and move your life onto an entirely new, more challenging, and more rewarding trajectory.' - excerpt from article People buy why you do it, so start with the why. Most business know the what, and how they do it - but rarely understand the 'Why'. This is what your mission statement should be. Starbucks does it for customer connection, to make interaction unique for the customer, make it an experience, more than just buying a cup of coffee. People believe Starbucks cares about them so they buy more coffee and keep coming back. It helps that customers enjoy the coffee, but there are lots of places to get good coffee. They go for the experience. Starbucks feels different than the other stores. The Starbucks is: "Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time." People wonder about the future of Apple after Steve Jobs. Their is about products and how much better they are than competitors. This is very different than what Jobs believed, and maybe that is why they have hit a bump recently. I pulled an excerpt from an investing article - 'It is radically different from original ideals, which are encapsulated in his mission statement: "To make a contribution to the world by making tools for the mind that advance humankind." This reflects Jobs' ethos and statements from his family members after his death – that what satisfied him most was watching kids use Apple products in the classroom.' The most fundamental difference between Apple's current ideals and Jobs' vision is that Jobs saw Apple products as a tool to improve the for mankind.' (You can read more .) There is a great called 'Start With the Why'. He explains perfectly this point. He even gives a good summary of Apple's marketing and what makes it so effective. The rise of social media has taught us a lot about ourselves. One thing is the need for more connection, to feel important, and often to be a part of something bigger. That is why the 'Why' is so important in business. People can get a bottle of water anywhere. But they would rather buy a brand that is environmentally friendly and trying to help the world. And they will pay more that bottle of water. Do you know your 'Why' in life? What motivates you to work so hard during the week? How well we do at our career is often affected by what our motivations are. It is more than just passion (though that helps also). It can be your family, or life mission, or some core belief. Whatever it is , it is always personal. No one else can tell you your 'Why'. When you are making a plan and it seems like it will be too difficult to carry out, the 'Why' can help. Even if you enjoy your job, relationship, or hobby, there will be tough times. Knowing the 'Why' will carry you through those tough times, and keep you believing. If you know the 'Why, you will find the 'How'. The Infinite Game There are two types of games: finite and infinite games. Finite games have clear rules, well-defined beginnings and endings, and clear winners and losers. Infinite games have fuzzy rules, no clearly defined "win," and players can change the way they play anytime. The objective is to keep playing for as long as possible. Finite games work when both participants understand the game and rules – like sports, football or basketball. Infinite Games also work when both players have the same objective – The Cold War, just survive and do not kill each other. Confusion happens when the opponents are playing different games. The example Sinek uses is the Vietnam War. USA was trying to kill the enemy and win the war thru military combat. Vietnam was just trying to survive and outlast the Americans, no matter how long it took. Another example is the rivalry of Microsoft vs Apple. Per Sinek’s experience speaking at events run by each company – Microsoft talked and focused on beating Apple. Apple focused on making better products. Microsoft was short term and short sighted. Apple was long term and had a vision. Companies that operate with a finite mindset are designed for stability. While they might produce quarterly results, they are not prepared to handle disruptions. In contrast, companies that play the infinite game are designed to embrace unpredictable situations and adapt to them. Infinite minded organizations think in terms of generations, not quarters. The five essential principles for the infinite mindset are: 1) exist to further a just cause, 2) build trust in teams, 3) find worthy rivals, 4) display existential flexibility to make extreme strategic shifts, and 5) find the courage to lead with an infinite mindset. A Just Cause is a clear future vision that is bigger than the organization that it serves to further. The Just Cause provides the long-term motivation, direction, and purpose required to play the infinite game. It creates customer loyalty, brings out the best in employees, and gives the organization both strength and longevity. The core task of a CEO is not to manage operations. The CEO should be the Chief Vision Officer who communicates the Just Cause to the team and ensures that C-level executives direct their efforts to advance it. The best-run organizations have a CEO who focuses on the long-term and a COO who focuses on business plans and operations. In an infinite game, competitors are not opponents to be defeated but "worthy rivals" who continuously push the organization to do better. In an Infinite game, more than one organization can simultaneously do well. Build a company with a culture and good product development that lasts….. Leader Eat Last: Why Some Teams Pull Together and Others Don’t Real Leadership is about empathy, and a circle of safety for employees Long term leaders focus on people, work as a team, & help each other Build an Environment of happy employees who feel inspired - happy chemicals Employees who are not afraid to fail, not concerned they will be punished for mistakes Simon does not like the modern capitalist picture created in the 1980s by GE CEO Jack Welch – aka The Welch Way or the Wrong Way per Simon Sinek’s argument that leading for long-term is better than leading for the short-term by comparing GE & Welch vs Costco — · The short-term leader: Jack Welch, former CEO of General Electric The long-term leader: Jeff Sinegal, former CEO of Costco Sinek compares GE vs Costco by measuring profits via the rise and fall of their stocks, and then connecting those price moves to the decisions made by the leadership. GE / Jack Welch / Short-term leadership: Profits at GE were like a roller coaster ride due to irrational decision making without regard for long-term implication Every year Jack would fire the bottom 10% of his managers at GE to balance the books GE did indeed make profit, but it was more like rolling the dice and gambling with lives of employees for selfish gain — this is not strategy, this is a man on high on dopamine Costco / Jeff Sinegal / Long-term leadership: While Welch was striking fear into the hearts of his managers, Jeff Sinegal was concerned about giving his employees a raise — at a time when the US was in an economic crisis… Sinegal would say that they should be helping the employees in bad times, not letting them go. Costco’s stock was (and still is) stable and predictable — nothing exciting about it, just great, clean, predictable progress, performance and profit… when you’re the 2nd largest retailer in the country, predictability is better than spontaneity. Seg. 2 Interview With Simon Sinek discussing his concepts, leadership, creating a safe and optimistic culture, and his new podcast – A Bit of Optimism Business Topic: Investing Topic: Tech Topic: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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SciFi Movies & Edward Zwick Hollywood Director - AZ TRT S05 EP09 (224) 3-3-2024
03/08/2024
SciFi Movies & Edward Zwick Hollywood Director - AZ TRT S05 EP09 (224) 3-3-2024
SciFi Movies & Edward Zwick Hollywood Director AZ TRT S05 EP09 (224) 3-3-2024 What We Learned This Week Ed Zwick Hollywood Director & Producer with 40 years in the industry ILM - Industrial Light & Magic is the premiere special fx company created by George Lucas SciFi Movies predicted the Future – what has become reality? The Internet & Choice – How the Martix movie showed us a new reality of virtual worlds that seem too real AI Man vs Machine – Blade Runner and The Terminator movies give terrifying scenarios of AI run amok Guest: Edward Zwick, Hollywood Director ED ZWICK BIO (FROM TRIBUNE.CA) More Bio Info from IMDB: Ed Zwick first hit the Hollywood radar screen as the producer/writer/director of the award-winning drama series Family, starring James Broderick (Matthew Broderick's father). Zwick landed the job after his short film, Timothy and the Angel, won first place in the student film competition at the 1976 Chicago Film Festival, catching the attention of the Family producers. He began as a story editor, then moved on to become a director and producer of the show, which ran from 1976 to 1980. Zwick went on to work on other critically-acclaimed series, including thirtysomething (for which he won an Emmy), My So-Called Life and Once and Again. In 1984, he won an "Outstanding Directorial Achievement in Dramatic Specials" Directors Guild of America award for the TV movie Special Bulletin. His first venture into feature film directing came with About Last Night (1986), starring Demi Moore and Rob Lowe, then received a Golden Globe nomination for "Best Director -- Motion Picture" for the Academy-Award® winning Glory (1989) starring Matthew Broderick and Denzel Washington. He has also directed the major motion pictures Leaving Normal (1992), Legends of the Fall(1994) starring Brad Pitt and Courage Under Fire (1996) starring Meg Ryan and Denzel Washington. Zwick worked with Washington yet again in The Siege (1998), then directed The Last Samurai (2003), starring Tom Cruise. In 2006, Ed directed the Oscar-nominated Blood Diamond and followed that up with the 2008 drama Defiance, which also earned an Oscar nomination. Two years later, he helmed Love and Other Drugs. In 2014, Ed brought the story of American chess prodigy Bobby Fischer to the screen in Pawn Sacrifice. Ed's latest film reunited him with Tom Cruise. The men worked together on Jack Reacher: Never Go Back (2016). Ed was also executive producer of the TV series Nashville from 2016-2018. As a producer of the 1999 Best Picture winner Shakespeare in Love, Zwick won an Academy Award®. He is also the recipient of the American Film Institute's Franklin J. Schaffner Award, a Lone Star Film & Television Award Best Director award, the Humanitas Award and a Writers Guild of America award. ABOUT ED ZWICK AND HITS, FLOPS AND OTHER ILLUSIONS: My Fortysomething Years in Hollywood This heartfelt and wry career memoir from the director of Blood Diamond, The Last Samurai, Legends of the Fall, About Last Night, and Glory, creator of the show thirtysomething, and executive producer of My So-Called Life, gives a dishy, behind-the-scenes look at working with some of the biggest names in Hollywood. "I'll be dropping a few names," Ed Zwick confesses in the introduction to his book. "Over the years I have worked with self-proclaimed masters-of-the-universe, unheralded geniuses, hacks, sociopaths, savants, and saints." He has encountered these Hollywood types during four decades of directing, producing, and writing projects that have collectively received eighteen Academy Award nominations (seven wins) and sixty-seven Emmy nominations (twenty-two wins). Though there are many factors behind such success, including luck and the contributions of his creative partner Marshall Herskovitz, he's known to have a special talent for bringing out the best in the people he's worked with, especially the actors. In those intense collaborations, he's sought to discover the small pieces of connective tissue, vulnerability, and fellowship that can help an actor realize their character in full. Talents whom he spotted early include Brad Pitt, Matt Damon, Denzel Washington, Claire Danes, and Jared Leto. Established stars he worked closely with include Leonardo DiCaprio, Anthony Hopkins, Tom Cruise, Julia Roberts, Anne Hathaway, Daniel Craig, Jake Gyllenhaal, Bruce Willis, Demi Moore, and Jennifer Connelly. He also sued Harvey Weinstein over the production of Shakespeare in Love-and won. He shares personal stories about all these people, and more. Written mostly with love, sometimes with rue, this memoir is also a meditation on working, sprinkled throughout with tips for anyone who has ever imagined writing, directing, or producing for the screen. Fans with an appreciation for the beautiful mysteries-as well as the unsightly, often comic truths-of crafting film and television won't want to miss it. Notes: Seg 1 Special FX ILM George Lucas Company, industrial light and magic Built the company with money made from Star Wars, on Skywalker Ranch Revolutionized, special effects, and movies first with Star Wars, then beyond, use of green screen and practical effects with models miniature creatures Disney bought Lucas film and ILM Studios in 2012 long history for special effects with many famous directors using IM from George Lucas to Ron Howard to Steven Spielberg to James Cameron Digital effects and computer graphics On famous movies like the abyss, Jurassic Park, Star Wars movies, Conan, ET, Star Trek movies, poltergeist, Indiana Jones, movies, back to the future, Spaceballs, ghost, and for October, T2, etc. TV Amazing stories, the Mandalorian, Big Bang theory, Star Trek, the next generation, tales from the crypt Animation Wall E Many famous special effects, people, and even some future directors like Joe Johnson, started at industrial light and magic studios, also much of the cast of MythBusters worked there Eras of Special Effects Practical Effects Wizard of Oz SciFi movies in 1950s 2001: A Space Odyssey in 1969 Star Wars in 1977 ILM Studios of 1980s to 1990s T2 in 1991 Jurassic Park in 1993 The Matrix in 1999 Modern Marvel Movies – computer digital effects / green screen movies More on ILM from Wikipedia: Seg 2 Interview w/ Hollywood Director Ed Zwick Ed joins the show to promote his Hollywood book on his 40 year career as a writer, producer and director in both movies and TV. Seg 3 & 4 Did Sci Fi Movies predict the Future? Talking AI, Internet and Choice Guest: Eric Almassy LinkedIn: Eric is a regional sales director, & also a part time Actor Eric joins the show to discuss sci-fi movies, and what predictions about the future have come true. Seg 3 - Internet & Choice The Internet has created a connected world through cyberspace. Now virtual reality and relationships online exist through dating websites and social media. The irony is people may be less social, as they still have trouble connecting despite more access to technology. An example is people text more than they talk. The Internet has added new types of addictions, like just staying home and being online all the time, pornography & gaming addictions, where people get lost in virtual world. The Matrix - virtual reality & the internet People in the movie choose a fantasy ‘comfortable’ world (blue pill) vs a harsh and tough reality world. They would rather just plug into the Matrix and be in denial. The problem of choice, as there are consequences with choices in the real world. The Matrix world provides all of your needs. Matrix in the current modern world, a world where people would not leave their house and just build an entire alternate life online. You can work from home, and get anything you need delivered. Another movie about tech and internet connection is Minority Report. This is government surveillance to extremes. It also discusses the choices we make, and control of our lives. Freedom vs danger is another theme. All themes that apply in a dangerous modern world. Totalitarian governments like China are literally spying on their people, through what they search for on the Internet, their social media, and surveillance of cameras Many western governments use surveillance through drone, satellites, and cameras. Also, sometimes protecting people, and sometimes intruding on their rights. Seg 4 - AI Man vs. Machine Blade Runner - staying human in AI & tech dependent world. Blade Runner is a movie about androids and what constitutes being a human. The android characters seem to have more soul than the humans, as the world of Blade Runner is cold and depressing. Androids or AI life forms have been created to do the dirty work, mining, prostitution and fighting wars, then, when not needed they are terminated. The Terminator - AI and drones Terminator movie came out in the 1980s and was an allegory about the fear of nuclear war. Will advanced weapons kill everybody? Cyberdyne Systems uses sentient AI machines who take over and build robots who try to exterminate the human race. The irony is the humans initially created the AI to have more technology and better weapons, and it winds up wiping them out. Raises questions about - just because we can, should we be building the weapons. With the same themes, as Jurassic Park, Wargames, or any biological type movie, basically science run amok. Modern armies, have drown and surveillance equipment, and can hunt down people and kill them from a great distance. An operator of a drone could literally be on the other side of the world. The morality of these weapons is an issue today. People choose technology out of laziness, and often give little thought to how it affects their lives. They do not want to do the task, make it easier. Past AZ TRT Shows on AI: Software Delivered AI w/ Brian Stevens of Neural Magic AZ TRT S05 EP08 (223) 2-25-2024 Full Show: Artificial Intelligence (AI) – how the Algorithm Connects Us All - BRT S02 EP43 (90) 10-24-2021 Full Show: Tech Themed Show: If you enjoyed this show, you may like: BRT Sports: BRT Hollywood: BRT Marketing: BRT Business: More - BRT Best of: Thanks for Listening. Please Subscribe to the BRT Podcast. Business Roundtable with Matt Battaglia The show where Entrepreneurs, High Level Executives, Business Owners, and Investors come to share insight and ideas about the future of business. BRT 2.0 looks at the new trends in business, and how classic industries are evolving. Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… BRT Podcast Home Page: ‘Best Of’ BRT Podcast: BRT Podcast on Google: BRT Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Software Delivered AI w/ Brian Stevens of Neural Magic - AZ TRT S05 EP08 (223) 2-25-2024
03/01/2024
Software Delivered AI w/ Brian Stevens of Neural Magic - AZ TRT S05 EP08 (223) 2-25-2024
Software Delivered AI w/ Brian Stevens of Neural Magic AZ TRT S05 EP08 (223) 2-25-2024 What We Learned This Week Neural Magic Deepsparse software helps B2B Clients incorporate AI into their tech stack Large Language Learning Models of AI can be costly & require massive computing power Their clients now control their AI Model Opensource AI Foundation Models for training AI uses a Recommendation Model Guest: Brian Stevens Chief Executive Officer of Neural Magic Brian Stevens is chief executive officer of Neural Magic. A tech veteran with more than 30 years of experience, Brian has a rich history of building/advising high-impact companies and driving disruptions that transform the industry. In his role at Neural Magic, Brian aims to democratize Generative AI for enterprises and make it more accessible and affordable to all. In his career, Brian has served in a variety of executive roles at world-renowned companies including VP and CTO of Google Cloud, and CTO and EVP of Worldwide Engineering at Red Hat. Brian currently serves on the board of directors of Nutanix and Genpact, and is a former member of the board of directors of the American Red Cross, IEEE, OpenStack Foundation, Data Gravity, and Pentaho. Brian holds a master’s degree in computer systems from Rensselaer Polytechnic Institute and a bachelor’s degree in computer science from the University of New Hampshire. In his personal life, Brian is an accomplished carpenter and woodworker with a passion for refurbishing old homes. NEURAL MAGIC About: Neural Magic is an AI company, born out of the Massachusetts Institute of Technology (MIT), on a mission to help customers innovate with machine learning, without added complexity or cost. While pursuing research at MIT, founders Nir Shavit and Alexander Matveev launched Neural Magic, a software-delivered AI solution, to address their frustration with the constraints of GPUs and existing hardware. Using Neural Magic’s DeepSparse Inference Runtime, customers can easily deploy deep learning models on commodity CPUs with GPU-class performance. For more information, including all of Neural Magic’s offerings, visit or follow @neuralmagic on Twitter, LinkedIn, and YouTube. Open Source AI for Business-2024 Is the Year to On Ramp Brian Stevens, CEO of is at the helm of this growing trillion-dollar industry (proper source) As enterprises prepare for 2024, the growing demand for AI optimization is top of mind. is fulfilling that need with software-delivered AI. Enterprises use Neural Magic's runtime and open-source sparsification tools for maximum CPU speedups of NLP (including LLMs) and computer vision models. “It is my goal to democratize AI using optimized CPUs as the onramp to generative AI, making it faster, affordable and agile for enterprises.” – Brian Stevens, CEO, Neural Magic Neural Magic has created a software architecture for the future of machine learning with an open-source LLM (Large Language Models) approach that enables enterprises to leverage existing commodity hardware (x86 and ARM). The net result demonstrates the power of software and model optimization across different computing platforms to enhance the scalability and efficiency of AI workloads. Neural Magic was founded in 2017 by MIT professors and research scientists. The company has raised more than $55M from blue chip investors including a recent $35M Series A led by NEA, with participation from Andreessen Horowitz, VMware, Verizon, Amdocs, Comcast, Pillar, and Ridgeline Ventures. Neural Magic has strategic partnerships with CPU manufacturers like AMD and Intel, cloud providers like AWS and Google Cloud, and software vendors like Red Hat and Ultralytics. These partnerships allow Neural Magic to provide value at all levels of the development lifecycle, from the models themselves down to the silicon. Notes Seg 2 AI you’ve been around since the 1950s and retail businesses have been using AI for years now. Wayfair out of Boston has incorporated AI. They understand the shopper experience. In its simplest form, AI uses the recommendation model - presents back to you similar things you’ve been searching for. If you like this, you’ll like something similar. This is now a very large part of business revenues, while also helping to better the user experience. There are large language, AI models, which involve more math in the program and need more computing power. Harder to run this larger AI model. Businesses need an AI division in their tech stack now. Many large companies have an dedicated AI Lab. This is similar to how they had built out a cloud model in the past. Nowadays though, business understand their models need more integrated. You train an AI model with company data. Lots of data. Seven data set to start using reference material like Internet sites or Wikipedia. It does cost a lot to change this model. There are options to build on an existing model open source AI programs. What is used now is called a foundational model, and then you train it on your company product catalog. Seg 3 Brian‘s background is a computer science degree and software developer. He worked in New England. He’s a technologist, solve the problem in use case for tech product manager. Worked at Redhat through 2001, and the.com crash. Also worked in open source in Linux platforms. Then was at Google cloud, working onsite in Mountain View, California. This was no remote jobs back in 2014. He was there for 5 years and helped with the company going from $50 mil to $10 bil revenue. Move back to New England. Connected with a professor from MIT, who had started a company on AI software and Brian joined as CEO. Company is called Neural Magic, and the website is neuralmagic.com. Deepsparse is their software stack which runs deep AI learning model that you deploy on servers. They fine-tune the model and adapted it to customer stack. This is for businesses to optimize AI for customers. It is similar to an interface with company software. AI language model that is large needs. Lots of infrastructure. What neural magic does is? It makes the model faster and more efficient. Seg 4 ChatGPT has changed things with AI. AI interface is similar with API codes with response and language size. Need a model that meets needs with a data set that makes the models run more efficiently on lots of hardware. Neural magics deep sparse is an inference server and training to deploy in production and could be days to train. There are 3 challenges with AI for businesses. First is expensive and enterprise does not control things when they use a hosted model or a hosted service like open AI. Second, they have to feed data to the host to train the AI model and there are privacy and security issues. Third you have a lifecycle , which must qualify and test the text stack with each time you update. Neural Magic allows enterprises to own the AI model. Now they have security, privacy and updates are all handled. This is AI on their own terms and gives them options. Full control and it looks like just another application. Open source AI machine learning model in the cloud and can work on servers like Oracle, Amazon - AWS, the Google cloud, or Microsoft Azure. Client has liability with software, and they still need to protect it. More info go to neural magic.com can learn about the product, the marketing as well as the community. Seg 1 - Clips from: Artificial Intelligence (AI) – how the Algorithm Connects Us All - BRT S02 EP43 (90) 10-24-2021 5 Things We Learned This Week: AI is inter-connected with so many technologies & you use AI often on a daily basis AI is a part of almost all industries from Healthcare, Finance to Defense Human in the Loop - humans will always be needed to Interpret the Data, but AI will assist Software Teams must be managed so the product is integrated properly in the bigger picture Moore’s Law – Each year computing power grows 2x as fast, but cuts the cost in half Naru and his team are working on document management, where their AI program will be able to read documents and determine what the info is. Rising Cloud is another project they are building that manages a company cloud usage to improve costs. Moore’s Law – Each year computing power grows 2x as fast, but cuts the cost in half Cloud Computing happens in the cloud and internet for your programming vs Edge Computing that happens right on your phone and does not need to go out to the cloud. Bigger the data request or process determines if Cloud or Edge is the best choice. People interact with AI (Artificial Intelligence) daily on their phone, email, internet search and beyond. User Agreements in your phone or websites you use say they can take your search data and use it to enhance your experience. AI Search uses past searches by you, vs what are the popular other searches by other people on the internet. It happens so fast and has the best / popular search options loading before you are even done typing. This is called a Recommendation Engine, just like Netflix or Amazon find shows or products you may like. These recs are similar to what you have watched or bought previously, or in similar genres. The downside is you may not see different options, just more of the same. AI determines what you see daily on the internet, and can create a silo effect. Inventives uses a common solution, called Human in the Loop to review what the AI is doing. Then the searches or recommendations are reviewed to see how accurate they are. Full Show: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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IT Setup & Cybersecurity w/ Luciano Aguayo of Redgear - AZ TRT S05 EP07 (222) 2-18-2024
02/22/2024
IT Setup & Cybersecurity w/ Luciano Aguayo of Redgear - AZ TRT S05 EP07 (222) 2-18-2024
IT Setup & Cybersecurity w/ Luciano Aguayo of Redgear AZ TRT S05 EP07 (222) 2-18-2024 What We Learned This Week RedGear provides turnkey IT solutions for clients. Outsource IT to shift liability IT often an afterthought, when it should be a major priority - lifestyle of tech in a business Data is lifeblood of a company, need security Cybersecurity is just one part, need to monitor physical location, who has access, email, etc Guest: Luciano Aguayo of Redgear Luciano Aguayo is a Texas native, and an active member and contributor to the Southwest Technology community. His professional career spans a diverse industry portfolio and has held various titles and certifications at the senior engineering and senior management levels. Luciano specializes in designing and implementing turnkey complex infrastructure solutions. For the past 20 years Luciano has designed and implemented numerous infrastructures for regional and local school districts, has a diverse portfolio of local and international businesses, including the federal government, and key Southwest landmarks and attractions. After several years in the private sector and after building a loyal customer base, Luciano launched RedGear in 2016. RedGear is a regional business to business technology solutions company. Since its inception, RedGear has quickly grown to 4 locations, 50+ employees, and recently opened a regional office in Phoenix, Arizona. Luciano remains active in the technology industry helping oversee the portfolio of one of Southwest's largest developers. He also is an active member of El Paso Community College ITSC Advisory Committee He also owns and operates El Paso’s newest carrier neutral datacenter. He brings effective and proven leadership and mentoring qualities and has an eye for detail when managing projects. He has a passion for technology, giving back to the community, and mentoring the future generations of Engineers. 20+ years experience in: Cisco CCNP Routing and Switching, Cisco Nexus Datacenter, CCNP Voice, CCDA, Cisco Security, Cisco WLAN, Cisco Unified Communications (VoIP), Citrix CCA, Citrix Xen Desktop, Citrix XenApp, MCSE, MCSA, Operating Systems Troubleshooting, Hardware/Software Troubleshooting, Advanced Windows Server Configuration and Troubleshooting, VM Ware, Enterprise Design, Implementation, solutions, IT Consulting, and much more. RedGear RedGear provides professional technology services, equipment, and consulting in the Southwest US region. Our entire culture is built around supporting business infrastructures, while building relationships and delivering an exceptional customer service experience and always keeping our customers best interest a top priority. We’ve built our success by reputation, quality of work, professionalism, and always being there for clients every step of the way whenever they need us. Our services, certifications, experience, and expertise cover the entire spectrum of Information Technology that no other regional technology service provider can match. We manage all aspects of Technology so the customer can focus on running their business. Our company vision is based on delivering premier customer service by employing and retaining top talent that believes in our mission, we work hard to provide trusted, honest, immediate, and excellent IT services to every client, no matter how big or small. No more wondering what kind of support you will receive. Our staff is certified in numerous fields, to offer the upmost reliable support. Our experience is vast covering all sizes of organizations and industries. Notes: Seg 2 Redgear IT company responsible for security of their clients. IT is a lifestyle. RedGear value proposition is turkey solutions. They are your smart friend to help with tech. Support IT for small businesses. They also have larger enterprise type clients. They act as a consultant, and can screen for a CTO or a CIO for a company. IT should be a priority of companies yet, it is often an afterthought. Need to understand how to secure an IT room, not just in software, but also the actual room itself. Who has access? RedGear works in the tech and security industry which is the backbone of all organizations and compliance. People hire RedGear to outsource and shift liability. IT in its simplest form is anything that you plug into the wall and connect to the Internet. It can also mean security. Trust of your IT provider, and keeping business contingency. Question, businesses always have to answer is how long can they stay down with an interruption and survive. Plus what is their plan for data retention. IT can be about network, connections, computers, hardware, and the actual Physical IT room. Can also deal in cyber security and password resets. IT has both software as well as hardware like servers and programming applications. Luciano has 20+ years of experience working in IT and technology. Information Technology not always the priority of many companies but it really should be. Need a plan going forward to manage security and data in all businesses. You have to determine what’s going to be your budget based on the size of the business. Not uncommon to outsource to companies like RedGear. Also need to think about the physical aspects of IT, like is your room secure? What type of energy your BTU air conditioner usage are you using? Who has control, how cool is it. Who has access to the room? What is your electrical circuit set up? Do you have redundancy? Or electrical circuit separate and dedicated to the IT. What is your data or cloud storage like? Seg 3 IT is the backbone of many organizations and should be a priority. Need to hire trustworthy people, as well as outsource IT to trustworthy companies. There’s no perfect set up. Unfortunately, security breaches are more question of When, and not if. One of the worst stories about IT Luciano ever heard of was the janitor storage closet was the same as the IT room. Another issue with a lot of IT rooms is they don’t have good cooling. IT should be a separate room with good security. You want to also have video security and badge access. Physical access of an IT room is very underrated. Security is the biggest threat to the end-user. You have to know when a breach happens. How did it happen? It could be software but often it’s actually the employees as a threat. They need to pay attention to what is going on and types of emails they get. Also, sometimes security breaches are an inside job. Companies need to test and educate their staff about IT. Once Malware gets in to the system it can take over accounts and send email as the person. Phishing scams unfortunately are still very popular with emails. Good email security typically will filter out malicious emails. Then you waitlist your contact, so you know who it’s OK to email. All these need to examine emails. Seg 4 IT reviews & monitors compliance, so a company must determine a budget. Data is the gold of companies now. Data contains the companies processes, industry secrets, and private employee and customer info. It is crucial to have a backup of company data, typically onsite and secured, plus offsite in the cloud. You’ll always want to build in redundancy and have backup servers for data. Good IT set up will have disaster recovery. As for the physical set up and protecting data, you want to be aware of how your sprinkler system is set up. You always have to guard against disgruntled employees, who could steal or delete company data. Your IT provider needs to know the industry and have good experience to engineer the proper solution. RedGear has worked with some top level clients, including the DEA in Washington DC on a federal level. Their cyber security needs to be top-of-the-line. It is not in common for the average big company to deal with corporate attacks where hackers try to steal data, and then even hold it hostage for ransom. Common practice nowadays is for a business to have cyber security liability insurance. The application for the insurance will ask about the physical environment and the set up of the IT and data. The medical industry has updated cyber and HIPAA compliance. It is essential to have good IT, hospitals and any major medical office. RedGear is your IT smart friends. They will always give you recommendations of good better and best. Seg 1. – Related IT Clips from: Phishing, Malware & Cybersecurity - Try Not to Get Pwned - BRT S02 EP47 (94) 11-21-2021 What We Learned This Week: Have I been Pwned? Means have I been breached / hacked – did someone hack my email or website Phishing – most common type of email threat, like when you receive a strange email with a link – Do Not Open – DELETE (and alert other office staff of the email) Ramsonware – hack your website, or data – hold it hostage for an extortion ‘ransom’ payment Dark Web – where stolen data, & info is being bought & sold VPN Connections – direct and secure Guests: Vince Matteo, Seven Layer Networks, Inc. There are many different types of cyber attacks from a password breach, website hack to email phishing scams. Vince Matteo of Seven Layers (.com) gives advice on what to be on the lookout for, tips for protection, and some reference sites for more info. We discuss Email Phishing scams, spearphishing attack, password breaches, website hacks, data breaches, ramsonware, software and VPNs. Full Show: Cybersecurity, Disruption, Blockchain & Terrorism w Ari Redbord of TRM Labs - BRT S02 EP31 (78) 8-1-2021 What We Learned This Week Cybersecurity is extremely important industry for national security TRM Labs startup in cyber-security, monitors blockchain OFAC - Gov’t administers economic and trade sanctions Ransomeware – specific breach, takeover of a computer system, holds data hostage Programatic Money Laundering – bad guys create new addresses, create ‘shell’ companies Guest: Ari Redbord, Head of Legal and Government Affairs w/ TRM Labs Ari is formerly a US Attorney, and worked in the Treasury Department, now advises the Government on cybersecurity, and Blockchain. Cybersecurity is a fast growing and extremely important industry for national security, and corporate interests. There are Nation States acting as bad players in the cyber realm and targeting the US Government and US business. We discuss the advancements in technology on cyber crime, blockchain, crypto, and online fraud. How is the FBI dealing with Ransomware, and other cyber attacks on prime targets like the Colonial Pipeline, or other big corps. What Regulations are coming in banking, and Fintech, with KYC (Know Your Customer), plus the big banks like JP Morgan Chase and Goldman are on board. What the blockchain ledger can help solve in security, to monitor criminal activity in real time with the help of crypto exchanges like Coinbase. Lastly, what TRM Labs does for clients, how they advise, operate, and who they work with. Notes: TRM Labs – blockchain security biz, works with law enforcement and businesses. Financial exchanges and Regulators. Monitor cyber-security - TRM – startup, 3 yrs old, Ari joined 2021. Monitor risk in crypto currency. Full Show: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Risky Business in Rising China w/ Mark Atkeson - AZ TRT S05 EP06 (221) 2-11-2024
02/15/2024
Risky Business in Rising China w/ Mark Atkeson - AZ TRT S05 EP06 (221) 2-11-2024
Risky Business in Rising China w/ Mark Atkeson AZ TRT S05 EP06 (221) 2-11-2024 What We Learned This Week Mark worked in many industries in China - Aircrafts, EV Cars, Mobile Phones, Internet Co. & Aircraft Parts Mark first worked in Japan w/ Sony, China must be careful, not to repeat Japan‘s Lost Decade of 1990s China has a lots of investment in EV Car & Solar Market US v China Rivalry is not dying down, two most important Tech countries, who must learn to co-exist Guest: Mark Atkeson Mark Atkeson is an international business leader, investor, entrepreneur, and author. A foremost expert on doing business in China, Mark managed, partnered in or provided services to Chinese-based companies for more than three decades in industries ranging from machine tools to aircraft engines, automotive manufacturing, mobile technology, startup venture investing, and aviation asset trading. Most recently, Mark wrote and released Risky Business in Rising China: Deals, Ordeals and Lessons Learned as an American Entrepreneur in a Surging Superpower Grappling with Growing Pains, chronicling his real-life experiences managing joint ventures and startup companies in China. Now living in California, Mark continues participating in the Chinese economy as founder and managing partner of China Aviation Partners LLC, which provides software services, market research and other consulting for China-related businesses. Mark is a graduate of Yale University and the Massachusetts Institute of Technology with master’s degrees in Electrical Engineering and Business Administration. For more than 30 years, American entrepreneur Mark Atkeson found himself in the trenches of the Chinese economy managing joint ventures and startup companies. His new memoir, RISKY BUSINESS IN RISING CHINA: Deals, Ordeals and Lessons Learned as an American Entrepreneur in a Surging Superpower Grappling with Growing Pains, chronicles Atkeson’s real-life experiences as the world’s most populous nation transformed itself into a global economic and military superpower. Over his three-decade career, Atkeson worked across a variety of industries ranging from aircraft maintenance to electric-vehicle production, mobile internet to venture capital. In addition to Atkeson’s behind-the-scenes business dealings with entrepreneurs and government officials, the book offers an unprecedented glimpse into Chinese society, its economy and its governance into the near and distant future. RISKY BUSINESS IN RISING CHINA has received high praise from readers. Here’s what people are saying: “Atkeson is a talented storyteller whose diverse and adventurous China business career winds along the path of China’s progress and setbacks.” – James McGregor, American author, journalist and businessman, and three-decade resident of China “Mark Atkeson's China business memoir recounts his peripatetic career from the early days of the Open Door Policy to the Modern China of 2023 in an honest, humorous and detailed way. This book will be valuable for anyone seeking to understand the often messy ‘inside story’ of China's rise in the late 20th Century, and the role that foreign managers and investors played in the process.” – David G. Brooks, former chairman, Coca-Cola Greater China and Korea “If you want to understand today’s China, and the forces changing it, you need to read Atkeson’s book.” – John Clasen, former director of China business development, Magellan Aviation Group Notes: Seg 1 Marc worked in China from the late 1980s to just after 2010. He saw the country go through their reform phase, and then capitalist rise. For nearly 20 years the political ideology took a backseat to market forces. An astounding 800 million people came out of poverty. Mark worked with lots of companies in his career, dealing in venture capital, mobile phones, Internet, companies, EV cars, machines, and aircraft. China is the 2nd most advanced nation in the world in technology, behind the US. Chinese Internet company TikTok is just one example of the Chinese advancement in AI and tech. Products that people use on an average day usually have some connection to China, like manufacturing. Giant US corporations like Walmart, Amazon and Apple are all very dependent on China. China is the 2nd largest economy in the world. The modernization of China was like a tidal wave from the 1970s to the early 2000s a 30+ year run. It seems though that in 2023 we’ve seen the crust of the wave with China slowing down. GDP in China is no longer 10% a year but more like 2 to 5%. Both property and consumer sales are down. China has a middle class of 400 million people and most of their net worth is in their real estate. Real estate has been down in China the last few years, so millions of people have taken a hit. Mark worked in Japan for Sony Corp. from 1988 to 1989. Japan in the 1980s was the rising superpower to challenge the US. It was number 1 in growth. Then in 1990, the dual economic bubble burst (stock mkt & real estate) in Japan and they entered their lost decade. It took 30 years for the real estate in stock market to get back to the 1989 levels. China may be facing some of the similar problems of Japan, dealing with too much growth, leverage, debt, and possibly demographics. China will need decades to de-leverage from their current debt situation. Seg 2 Mark’s grandfather was stationed in China in the late 1930s. This was during the start of the conflict with Japan and pre-World War II. Mark‘s father worked in Far East banking circa 1970s – 19080s. Mark actually took Chinese in college. In 1982 he took his first trip to China. He remembers the country being poor with small buildings and very few cars. During the 1980s foreign businesses were investing more in China. In the early 1990s, Mark got his first job in China working the aircraft industry. They were maintaining airplanes for a Chinese airline. Regulations were lax and implementation was lacking. He ran a factory in China in the Szechuan province. They installed the Toyota production system, for more efficiency, collaboration, built and grew the factory. Factory dealt with diesel and fuel. Unfortunately, corruption and theft mafia style was very common. Example of the corruption was the sales force would take bribes. This was a state owned auto group and corruption. Scams were not uncommon in the business world in communist type countries. Seg 3 In 2001, Mark got involved in a venture capital company. He was being replaced by the local population and younger managers to run the factories he had built up. He decided it was time to transition to a new industry. Him and some partners created an investment fund. They were investing in products in mobile tech and the Internet. He could see the upcoming Internet business on phones which were very popular in China. Consumer products like payments, info services and entertainment. The idea was to build an incubator - set up to invest in Chinese entrepreneurs. Then raise Series A funding and strategic buyers over the long term for an exit. They were paying 8 Chinese engineers for 12 months in an angel investing deal for just $100,000. It was a Portfolio of 10 businesses, involved in things like gaming and payments. Result: 8 out of 10 of the businesses return 0%, 1 did OK, and 1 was a home run. The home run company made a deal with China mobile for an exit and sale to a NASDAQ listed company in 2007. After that he represented US companies that acquired Chinese Internet businesses and Mark was a liaison to the US company in China. Mark actually worked in Internet entertainment. They put on a singing contest which acquired 800 million votes from audiences with cell phone text voting. At the time, this was a major example of democracy - voting through Phone. This was regulated out of existence. Seg 4 BYD EV car company was a mobile phone company and supplied to Apple. China makes good low-cost cars and has a lot of electric vehicle development. In 2008 Tesla was building electric vehicles, when oil was priced at $140 a barrel. Circle back to US with US engineers going to China to build the EV cars. Design was localized in China. EV cars has 3 challenges – tech, then US safety requirements, then fit & finish of the car. Produce cars in China and then sell in California. 2012 was the end of the road for Mark working in China. He was working in Hong Kong with an AR financing leasing and appraisals type airline business. They would buy an old A23 or A3 aircraft, disassemble and sell the parts. It was like a high-end junkyard business. These were Chinese aircraft models. Mark connected with a company in Florida, who had a business partner in Air China. They moved on to buy 747 and disassemble them in the Chinese Beijing airport. Now Mark’ career came full circle in Aircrafts, with salvaging aircraft 20 years later. What is the future of China? US v China rivalry not dying down. They are the two most important tech innovators on AI batteries and solar and must figure out how to coexist. Tesla makes more cars in China versus the US. They have a big factory in Shanghai. Apple outsources to China in their supply chain. Chinese economy has slowed from 10% growth per year to 3%. China may not be 10 feet anymore but it’s still 6 foot four. The Chinese private economy and services could ultimately come to the US. BYD EV car company as an example, that could become the face of a Chinese company in the US. BYD US - Business Topic: Investing Topic: More - BRT Best of: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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EV Charging at Home w/ Broc TenHouten of Intrinsic Power - AZ TRT S05 EP05 (220) 2-4-2024
02/10/2024
EV Charging at Home w/ Broc TenHouten of Intrinsic Power - AZ TRT S05 EP05 (220) 2-4-2024
EV Charging at Home w/ Broc TenHouten of Intrinsic Power AZ TRT S05 EP05 (220) 2-4-2024 What We Learned This Week Intrinsic Power - Next Gen EV Charger EV Charging in your home will be standard Electrical Panel upgrade to handle new tech Electric Grid not prepared for consumer demand & EV charging needs EV Infrastructure for charging stations as EV Cars w/ longer range are the Future Guest: Broc TenHouten of Intrinsic Power Broc TenHouten, Co-founder and CEO, Intrinsic Power, Inc. Broc is an experienced technical leader with a general management background in the commercialization of EV technology. Broc was COO and chief engineer of Divergent 3D, developer of the 3D-printed 21C hybrid hypercar. He served as director of technology development at EnerSys Advanced Systems and led the engineering and industrialization of multiple electric vehicle and energy storage companies. Broc began his career at General Motors, where he held various positions in vehicle development. Broc has more than 50 vehicle technology patents issued or in process. He holds an MBA from the University of Michigan-Ross and a BS in Mechanical Engineering from UC Berkeley. Intrinsic’s innovation has positioned the company to become the leader in distributed energy management–and one to watch. · The compact Intrinsic Power charger is more powerful than the competition, 11kW charging reduces charging time by up to 830%. Perfectly optimized for your current electric vehicle, and your next one · Web and mobile apps allow you to review charger use and syncronise useage across a portfolio of charging stations · Advanced connectivity enables real-time information and grid demand response, helping to avoid local power outages · Machine learning enables automatic time of use management, continuously optimizing to lower power bills over time HISTORY Intrinsic Power was founded in 2015, as a Los Angeles based internally-funded startup dedicated to delivering better EV charging solutions. Today Intrinsic is conducting field demonstrations, collecting data in preparation for mass production. TEAM Managed and staffed by a team of technical leaders in the EV space. The Intrinsic Power team is dedicated to improving residential charging though a combination of improved hardware and machine learning based algorithms for better charging performance. Notes: Seg 2 Broc has 15 years working in the EV car industry. In 2015, Broc and his brother were working out a plan to start a company. They realized the electric grid was not prepared for EV charging needs at home. Their goal was to build the next generation EV charger, which got a patent in 2020. 2022 of the electric grid saw a year over year growth of 12% energy usage. There is a need to change the net meter storage of energy used through solar and battery storage. Currently there are many consumer incentives for installing more clean energy type devices. EV cars at home need to share the breaker and most homes do not have the proper amps to charge car. The way new homes are built, they have larger panels and are EV capable. Current legacy homes cannot support EVs. Can get rebates to install a new electrical system. The current available power house would use 1 kW power per day. EV cars though use 11 kW. The transformers on the current grid are not ready for this. EV charge time, with 100 kW battery would take 10 hours. Intrinsic power works with the panel and other devices in your home to take into account usage of the vehicle charging. This is done through a Wi-Fi connector between your charger and the house. Seg 3 Intrinsic power expects to deliver their charging units to channel partners in Q2 of 2024. It’s taken 2 1/2 years to build and test their product in Los Angeles. There is a standard charging plug for EVs (see below), and if different, there are adapters. NACS – North American Charging Standard The North American Charging Standard (NACS), currently being standardized as SAE J3400 and also known as the Tesla charging standard, is an (EV) charging connector system developed by It has been used on all North American market Tesla vehicles since 2021 and was for use to other manufacturers in November 2022. Between May and December 2023, many other vehicle manufacturers have announced that starting from 2025, their electric vehicles in North America will be equipped with the NACS charge port. Several electric vehicle charging network operators and equipment manufacturers have also announced plans to add NACS connectors. See More: Rate plans and usage need uniform regulations between states, which is the direction the process is going – similar rules in California, Arizona, & Texas where Intrinsic is doing business. EV charger for the smart that has been tested with multiple types of vehicles. EV batteries are becoming more efficient in the energy capacity and will have 2x growth in next 7 years. There are some range issues - where some EV‘s get less than 200 miles, but this is becoming less of an issue. The next 7 years, EVs will be more efficient with energy, have a smaller battery and could travel as much as 400 to 500 miles on a charge. Projected Market for EV chargers is $16 billion, with $6 billion in the US residential charging market. There are also destination charging stations, a growing industry. Most people want to charge at home and over time the charging rates will drop. Obviously traditional energy methods like ooil and gas will be reduced in the next 10 years, as demand drops. Seg 4 Oil companies are actually investing in charging companies, and charging stations to diversify operations. Intrinsic Power is concerned with charging your EV car at your home. They expect homes to be all electric in the future with battery packs and distributed solar. This will even take over traditional natural gas type products like lawnmowers which will also go electric. Electric Grid saw the EV wave coming. A California Report in 2018 estimated the growth of the EV industry. New technologies coming for EV at home. Solar will help the grid long term, but not that efficient in the near term. Only 4% of homes have solar and this needs to be pushed up to 30%. There are still issues with energy storage on solar. There is a need to improve the fluctuated use of the energy with time shifts when needed. Most EV car owners must charge at night. There are currently many regulations and standardization of home electric and EV charging. It’s expensive with EV charging at home now, but in the future they’ll be one electrical panel on the backend. Need a 40 Amp panel to charge a EV Car. Intrinsic Power works with home builders and solar installers. Keep the installation & maintenance cost down. Investors include: Plug and Play, Hatcher +, Building the CR50 Charging Station for homes: Related Notes: BRIDGING THE ELECTRIC INFRASTRUCTURE GAP - ENABLING THE FUTURE OF ELECTRIC VEHICLES - California Reaches 7.84% EV Market Share for 2018; US Hits 1.97% 2018 was the best year in history for sales of electric vehicles in the US with a total of 328,118 BEVs and PHEVs and an increase of 74.5% over 2017 (187,985), according to data from the . (Note: These numbers differ somewhat from the sales numbers from the that we have based 2018 data on previously.) Sales of BEVs in the US reached 203,625 units, an increase of 112% over 2017’s 96,261 units. For the first time in the US, BEVs and PHEVs (328,118) outsold regular hybrids (323,912) in 2018. Hybrids had lowest sales in the US since 2011. Sales of fuel cell vehicles declined slightly to 1,735 from 1,862 in 2017. From 3/2019 - Article Link: Electric Vehicle Charging Infrastructure Assessment - AB 2127 AB 2127 (2018) requires the California Energy Commission to biennially assess the electric vehicle charging infrastructure needed to meet the state’s goals of putting at least 5 million zero-emission vehicles on California roads by 2030 and reducing greenhouse gas emissions to 40% below 1990 levels by 2030. Report: Seg 1. – Related Energy Clips from: Kenmore is Home Electricity Made Easy - Modernize the Smart Home from Appliances to the Electric Grid w/ CEO Sri Solur - BRT S04 EP19 (181) 5-7-2023 What We Learned This Week · Kenmore is home electricity made easy. Kenmore is on a mission to modernize the home. Live More & Live Better. Also need to make it Affordable. · Clean Tech goes w/ the smart home, smart appliances (that connect to the home) and the electrical power grid for better living · Electrical Grid needs to be modernized – cannot handle the current & future power demands · Homes built Pre-1990 run on Electric Panels that are outdated – costs of $40K + to modernize to handle charging EVs at home · Design of the Future House would have a Battery in it that could recharge your appliances and electronics during down hours. · Solving problems in electricity and energy also have the same issues with working on better water and clean food. It is more than just an energy and electric issue. Guest: Sri Solur, CEO, Kenmore / Brands Sri Solur, CEO, Brands Sri Solur is chief executive officer of brands for Kenmore at Transformco. An industry veteran with 25+ years of experience, Sri has a rich history of success leading high tech products and businesses. He previously served as CPO and GM at Berkshire Grey, a leader in industrial robotics, and was a member of the leadership team that took the company public. Sri also served as CPO at SharkNinja, and was instrumental in bringing the Shark IQ Robot vacuum and NinjaFoodi products to market, while also holding a leadership role to take the company public. Sri spent 20 years at Hewlett Packard, serving as founder and CPO of CloudPrint, the company’s wearables and IOT business. In his career, Sri has created products for world-renowned brands including Hugo Boss, Movado, Ferrari, Juicy Couture, and more. Sri holds a bachelor’s degree in Engineering from NIT and an MBA from Boston University. Full Show: Clean Energy & the State of AZ Tech in 2022 w/ Steve Zylstra of the AZ Tech Council - BRT S03 EP55 (154) 10-30-2022 What We Learned This Week Chips & Science Act is good for Semiconductors & the U.S. Supply Chain Clean Energy - many Tech Co's working on zero emission plan Semiconductor – big Tech Co’s building plants in AZ Nuclear Power tech is vastly improved & viable in the future Guest: Steve Zylstra, President / CEO AZ Tech Council Steve Zylstra of AZ Tech Council joins BRT to talk all things technology in the Valley. The Arizona Technology Council is one of the largest technology-driven trade associations in North America, with over 850 members and growing, the only organization specifically serving technology companies statewide. They protect innovators and truly believe that technology moves all of us forward; and are dedicated to the future of Arizona. Steve Zylstra advocates for AZ tech, as well as his recurring writing about the industry. Steve, and the Council are a major source for updates on technology, business growth, and what legislation is being drafted. We talk about AZ as a great technology hub in the U.S., and how it compares to Silicon Valley, Boston, etc. Also the Future tech Co’s moving to the valley, influx of people moving to the valley from CA, NY, etc. How high tech jobs help the valley, and surrounding business plus VC and Angel Investing. The importance of semiconductors and Aerospace, two of the most prominent industries in AZ. Full Show: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Angel Investing Revisited - Arizona Tech Investors w/ Bob DeLean - AZ TRT S05 EP04 (219) 1-28-2024
02/02/2024
Angel Investing Revisited - Arizona Tech Investors w/ Bob DeLean - AZ TRT S05 EP04 (219) 1-28-2024
Angel Investing Revisited Clips from - Arizona Tech Investors w/ Bob DeLean (from 11/2023) AZ TRT S05 EP04 (219) 1-28-2024 What We Learned This Week ATI - Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona Applicants for Funding need to Answer many Q’s What Problem does your Product Solve? Who is your Competition? How Big is the Market? Who are Your Advisors? What is the Business Plan? Sales Plan? Building a Company takes longer than you think, & costs more $ than you expect Guest: Bob DeLean, Executive Director of Arizona Tech Investors LKIN: Bob DeLean has been an investor with ATI for more than 11 years and currently serves as the organization’s Chairman. He spent eight years as a Senior Equity Analyst with Morgan Keegan & Co., Inc., a wealth management and capital market firm. It’s now part of Raymond James Financial Inc. Since moving back to Arizona in 2004, Bob has made 28 angel investments in early-stage and startup companies, the majority being based in Arizona. Bob is an outdoors enthusiast who enjoys road trips and spending time in nature. In the summer of 2022, he and his life-partner Maria took a five-week driving trip through various National Parks, including Arches, Grand Tetons, Yellowstone, and Glacier National Park. They love wildlife and were fortunate enough to see a handful of black bears during the trip. Locally, Bob enjoys hiking through the Phoenix Mountain Preserve and seeing the occasional rogue coyote. He is also an avid mountain biker, but it never feels like he gets out enough. Bob loves to read (although the nightstand book pile is always growing), and is an expert coin collector. Arizona Tech Investors (ATI) was founded in 2007 by Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona and neighboring states. ATI members have invested in over 90 companies, and, today, is comprised of over 100 men and women dedicating their time, knowledge, and resources to deliver the advantages that angel support can provide. ATI seeks opportunities where new capital can move young businesses to the next level of growth and success. To maximize the probability of a successful company, ATI goes beyond just making investments. Members also participate in support of portfolio companies through advisory roles, strategic guidance, as well as resource and partner referrals and more. Members of ATI invest individually, collectively through dedicated LLCs, and through sidecar, or pooled investment funds allowing for best alignments of investor objectives and portfolio company needs. What advice do you have for founders or companies looking for funding? Clearly communicate your business plan. It’s surprising how many pitches we receive that fall flat simply because we can’t decipher “what” the business actually does. Explain the business to me as if I'm four years old…especially if your organization is a highly technical product/service. You might be an astrophysicist with incredible accolades in your field, however I am not. During the pitch, the questions you receive from the group will illuminate how well your audience understands your field. And, your answers will allow you to dive deep into your area of expertise when appropriate. Second, understand what investors are looking for. What problem are you solving? Is it a real problem? Yes, you think you have a better solution, but can you really convince others that are going to risk their own capital that it's better? Do you really understand your competition? How big is the market? How much of your personal money is in the company? (This gives investors an idea of your walk-away pain.) Wait, you want me to fund your dreams, but you have no personal stake in the business? Yes, every company has sweat-equity, many of us want to see your own hard-earned cash invested in the business as well. Clips from the Full show - Arizona Tech Investors w/ Bob DeLean AZ TRT S04 EP46 (209) 11-19-2023 Full Show from 11/2023: Notes: You want to see what the coachability is of the founder. Are the investors messages resonating. You don’t want the company staff to have group think. What is their business plan over the short and long term? Do you understand your product? Is the business a product or just an add on feature. You must do market research to really understand your competition. When the founder believes they have no competition, they usually have two possible types and just don’t realize it. The first type is they just don’t even know who their competition is. The second type is their market may be too small so other businesses are not interested. You have to understand the size of the market or the TAM - total addressable market. There’s also the sales attainable market or SAM. If the market is too big then the founder needs to niche down with who they’re going to market their product to. Create an initial vertical. You cannot have the shotgun approach and think everybody is your customer. Need to focus. When an investor writes a company a check, now they are partners, and the investor may even want a seat on the board. Arizona Tech Investors does not invest too much in VC deals as you have limited control and are just along for the ride. They typically invest only in Angel only type deals. VC’s care about their limited partners, and the people with the most money in. They don’t usually care too much about the GPs or general partners. All deals in business always take twice as long as you think, and cost two times as much money or capital. A tech company over the long term, if they need a larger raise they’re probably going to bring in a VC to invest money. In this instance they may cash out the early angel investors. Software businesses are very good businesses in the tech industry. Good opportunities with high margins. They tend to be very capital efficient and scalable. Software businesses can create recurring revenue on an annual basis, or ARR. Valuations tend to be higher, not only because of the product but also because of the data they collect. Understanding valuations are very important, and typically a valuation of the business is based on a multiple of cash flow. In the current environment the cost of capital is up, interest rates are up and it is tougher to raise money. The current valuations for technology companies need to reflect what the market is. What’s actually going on or down rounds where there is a cut in valuations. It’s very competitive to raise money. When the founder borrows money whether it’s from VCA or a bank they are the partner. This can lead to CEO turnover if the investors are not happy. Angel investors want to be out of a deal in five years are not looking for a company to go public or an IPO. It takes a long time for a company to go public and that’s not what Angel investors want to hear. Public companies that file a 10 K or liquid and you can buy the stock or sell the stock within the same week. Angel investors invest in deals in the early stage and typically the money is illiquid and tied up for a long time. Founders also need to understand how important their product is and what type of IP or moat that you have. Typically a patent is not going to protect your IP. Arizona Tech Investors have a series of screening questions for Founders looking for money. Sample questions are: What is the problem? And what is your solution? What is the commercial viability of your product? What’s the sales cycle to town to sell your product? What is your cash burn rate? Cash flow? What is your go to market plan? Who is your competition? What is your market series? What is your competitive position? What is your management team? Tech Topic: Business Topic: Investing Topic: More - BRT Best of: More - BRT Best of Tech: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Magnificent 7 & Tech Stocks – Wealth for Life - AZ TRT S05 EP03 (218) 1-21-2024
01/26/2024
Magnificent 7 & Tech Stocks – Wealth for Life - AZ TRT S05 EP03 (218) 1-21-2024
Magnificent 7 & Tech Stocks – Wealth for Life AZ TRT S05 EP03 (218) 1-21-2024 What We Learned This Week: Magnificent 7 - new hottest tech stocks all should own: FB, APPL, AMZN, NVDA, TSLA, MSFT, GOOG FAANG Stocks - *past hot list: FB, Apple, Amazon, Netflix & Google Top Tech Stocks were 30% of the S&P Index Weighted Average Tech Stocks - AI, Cloud, Chips Zombie Co‘s - too much debt service, no growth Interest Rates - how this affects stock prices Co-Host: Denver Nowicz, President - Wealth For Life Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’. Notes: Here are some reference notes for the topics about the market being discussed in this podcast. Indexes – over the last year Dow - 38K, up from 33K Jan. 2023 – up 12% S&P - 4900, up from 4000 Jan. 2023 – up 18%+ NASDAQ – 17.5K, up from 11.9K Jan. 2023 – up 30%+ Top 25 Components by Market Cap by Because the exact weightings of the top 25 components are not available from S&P directly, the weightings below are from the (). SPY is the oldest that tracks the S&P 500 and holds $406.6 billion in assets under management (AUM) as of Sept. 20, 2023, and is highly traded.9 As a result, the SPY's portfolio weightings provide a good proxy for investing in the underlying S&P 500 index, although the two may not be exactly the same. As of Sept. 21, 2023, the following are the 25 largest S&P 500 index constituents by weight: Top10 = est. 30% of S&P Apple (): 7.05% Microsoft (): 6.54% Amazon (): 3.24% NVIDIA (): 2.79% Alphabet Class A (): 2.13% Tesla (): 1.95% Alphabet Class C (): 1.83% Berkshire Hathaway (): 1.83% Meta (), formerly Facebook, Class A: 1.81% UnitedHealth Group (): 1.28% Magnificent Seven Stocks Performance – Company Name Symbol 2023 YTD Performance Alphabet () +50% Amazon () +79% Apple () +52% Meta Platforms () +178% Microsoft () +55% Nvidia () +235% Tesla () +106% Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. The Magnificent Seven stocks are among the best stocks to buy and watch in the .s Ali Coram Justin Niel Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes. What are FAANG Stocks? – FAANG stocks are the stocks of U.S. technology giants Facebook, Amazon, Apple, Netflix, and Google. They are among the best-performing technology and most well-known companies in the world. Currently, the combined market value of FAANG exceeds $3 trillion. It accounts for almost 10% of the U.S. stock market’s total market capitalization of $31 trillion. The price movement of FAANG stocks impacts the entire market, affecting even investors who do not own FAANG stocks. All the companies are traded on the NASDAQ Stock Market. In addition, the FAANG stocks are part of the S&P 500 Index, which includes the 500 largest publicly-traded companies by traded on the NYSE or NASDAQ. Tech Stock examples by field – AI Stocks Nvidia - NVDA Cisco - CSCO Arista Networks - ANET Google - GOOG Microsoft - MFST Amazon - AMZN Cloudfare NET Broadcom - AVGO Palantir - PLTR Chip – Semi Stocks SEMICONDUCTOR STOCK IMPLIED UPSIDE AS OF JAN. 9 CLOSING PRICE NXP Semiconductors NV () 22.8% Qualcomm Inc. () 14.4% Monolithic Power Systems Inc. () 26.3% Taiwan Semiconductor Manufacturing Co. Ltd. () 9.9% Nvidia Corp. () 21.7% ON Semiconductor Corp. () 42.8% Advanced Micro Devices Inc. () 8.5% Cybersecurity Stocks - HACK – ETF of Cybersecurity Stocks Crowdstrike - CRWD Palo Alto - PANW Fortinet - FTNT Zscaler - ZS Checkpoint - CHKP Cisco - CSCO More from Investors.com: 'Zombie' Companies already make up 11.5% of U.S. listed stocks Oct 31, 2023 By Joy Wiltermuth Investors should brace for more bankruptcies About 11.5% of listed U.S. stocks already belong to a large network of "zombie" companies that have consistently earned less than they owe in interest costs, according to a tally from Glenmede. While that might not sound ideal, higher bond yields or a recession could make a potentially ugly situation for investors even worse. "The combination of rising borrowing costs and heightened recession risks could begin to tip zombie companies into bankruptcy," a team led by Jason Pride, chief of investment strategy and research at Glenmede, wrote in a Tuesday client note. Stocks, unlike bonds, often are at risk of seeing their entire value wiped out if a company files for bankruptcy. Recessions also tend to shake out smaller and weaker companies with high debt loads, in part because funding from Wall Street can dry up. The Glenmede strategy team arrived at their zombie figure by looking at the share of companies in the Russell 3000 index RUA whose earnings before interest, taxes, depreciation and amortization didn't meet their interest costs in the past three years. While off peak levels in the wake of the pandemic, the chart suggests an elevated risk of public U.S. companies vulnerable to collapse. Dogs of the Dow – The 2024 Dogs of the Dow STOCK DIVIDEND YIELD RANK IN 2023 Walgreens 7.21% 4 Verizon 7.13% 1 3M 5.52% 5 Dow Inc. 5.03% 2 IBM 4.06% 6 Chevron 3.98% 9 Amgen 3.14% 7 Coca-Cola 3.13% - Cisco Systems 3.09% 8 Johnson & Johnson 3.04% - Data source: DogsoftheDow.com The basics of the Dogs of the Dow strategy Many investors love the Dogs of the Dow because it's so easy to follow. All you have to do is look which 10 stocks among the 30 Dow Jones Industrials components have the highest dividend yield on the last day of the year. Then, invest an equal amount in each of those 10 top-yielding stocks, and hold those investments through the end of the subsequent year. When the end of the year comes, you can either abandon the Dogs of the Dow strategy entirely, or you can repeat it for the following year. If you choose to stick with the Dogs of the Dow, you'll just need to rebalance to account for relative performance of the 10 stocks, along with replacing any stocks whose yields have fallen below the threshold for Dogs of the Dow eligibility with those whose yields have risen sufficiently to take their place. More Info on WFL and Tax Free Matching: Wealth For Life Topic: Link to Taxes Show on 10/31/2021 w/ Denver: Link to Offense / Defense Show on 6/6/2021 w/ Denver: Link to Shows, Denver was a Guest: Investing Topic: Tech Topic: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Building the Amazon Everything Store – Business Lessons from Jeff Bezos - AZ TRT S05 EP02 (217) 1-14-2024
01/19/2024
Building the Amazon Everything Store – Business Lessons from Jeff Bezos - AZ TRT S05 EP02 (217) 1-14-2024
Building the Amazon Everything Store – Business Lessons from Jeff Bezos - AZ TRT S05 EP02 (217) 1-14-2024 Things We Learned This Week: Customer Focus - Focus on internal product vs external & competition Decision Making – 70% Rule Think Long Term - withstand the pressure of $ Meetings & 2 Pizza Rule for meetings size Manager Mindset - Focus on Outputs Disruption - Embrace Change & Experiment Regret Minimization - See your life at 70 Notes: Lessons 1: Customer Focus / Obsession Focus on internal product vs external & competition Fear the customer as they are the ones that give you money. The competition does not give you money. If the product is good enough and easy to use, the customers will keep buying it. Always Day 1 – do not get complacent, that’s what happen on Day 2, then death Lesson 2: Decision Making – 70% Rule If you have 70% of the info, you can decide. If you wait for 90% of the info, then you are too slow in business. 3 Good Decisions per day vs 100, inspired by consultant Peter Drucker, be effective Lesson 3: Think Long Term Think in terms of decades, not the next quarter. You need to able to experiment with process until you get it right. It took years (& lost $ revenue) to build the supply chain Amazon has that dominates the business landscape. Amazon also lost $ on AWS, the Kindle, Prime for a while before turing a sustaining profit. Resist the pressure of investors looking for quick profit. Lesson 4: Meetings & the 2 Pizza Rule The meetings size should be no bigger than how people can be fed with 2 pizzas. If bigger than that, too many people in the meeting and chaos happens. Avoid power-points, as they are a summary of info and can be confusing. Take a moment to start the meeting with everyone reviewing a detailed memo of what the meeting will be about. Clarity to make the meeting count. Lesson 5: Manager Mindset Think in terms of outputs. If you work 3 hours (smart) but get your objective done, it is a good day. The Worker Mindset is to think in terms of effort (work hard) for 8 hours. It is based on how much you work vs production. Lesson 6: Disruption – Embrace Change Be willing to disrupt divisions in your own business to make progress and create new better products. Amazon moved forward with the Kindle E Reader, despite the fact it would hurt their hardcover book selling division. Lesson 7: Regret Minimization What do you want your career (life) to look like at 70? Make decisions today based on following work passions. If it does not work out, then shift to the next thing. Bonus – Bezos 3 Book Recs for his Executives – From FS Blog Link: Jeff Bezos Had His Top Execs Read These Three Books In an interview that aired on CNBC1, Jeff Bezos shared some of the details about books that he’s shared with Amazon’s top executives. These books, it turns out, are frameworks for shaping the future of the company. Here they are: 1. by Peter Drucker 2. by Clayton Christensen (Interestingly, Steve Jobs ever liked was , by the same author.) 3. by Eliyahu Goldratt Bezos is not the only one to nudge execs to read. Tim Cook, CEO at Apple, gives copies of to his colleagues. Reference Info on Amazon / Jeff Bezos: Lessons Learned – “The Everything Store” by Brad Stone Link: 10 Things I Learned Reading Brad Stone’s The Everything Store: Jeff Bezos and the Age of Amazon FS Blog: 3 Effective Meeting Rules Of Amazon CEO Jeff Bezos Link: The Secret Business lessons from Amazon's Jeff Bezos Video Link YT: From: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Habits, Who You Associate With, Focus, & the Trick – Best of Host Matt on Business Topics Part 2 - AZ TRT S05 EP01 (216) 1-7-2024
01/13/2024
Habits, Who You Associate With, Focus, & the Trick – Best of Host Matt on Business Topics Part 2 - AZ TRT S05 EP01 (216) 1-7-2024
Habits, Who You Associate With, Focus, & the Trick – Best of Host Matt on Business Topics Part 2 - AZ TRT S05 EP01 (216) 1-7-2024 Things We Learned This Week: Think Habits, Not Resolutions (vs. Goals) You Are Who You Associate With in relationships, business, & life The One Thing - Why Focus is Critical - Key Results That’s the Trick - Daily Work, the Grind Notes: Seg. 1 Think Habits, Not Resolutions We are often told to make New Year’s Resolutions, but then by February we have all given up on those promises. I am encouraging you today to start the New Year early with looking at how to improve your habits, not make resolutions. Real change does not happen overnight despite what Facebook, and a highlight society has promised. Most successful people have good daily habits, make proper decisions, and are consistent with their follow thru. We know that you probably are not motivated anyway to attack your New Year's Resolutions. So instead of some promise that can only be carried out by will power (or enthusiasm), how about a different approach? The goal is not really to have a Resolution, as so much a lifestyle change that sticks. We are a collection of our thoughts, lifestyle, and daily actions. You can see it when you meet with people all the time. You notice how they look, act, or what they eat. So let's stick to practical, and realistic advice. You want to develop actions (sleep habits, eating, rest, relaxation, meditation, etc.) that you will follow thru on daily. These will turn into habits, which will create that lifestyle change. The popular notion is it takes repetition of an act over 20 to 30 days for it to become a habit. The reality is it is (or more) according to a study by Phillippa Lally is a health psychology researcher at University College London. There are 3 books that have come out the last few years that cover these topics. We are all very busy, so I understand if you do not have time to read every self help or success book that is released. I've actually have only skimmed these books, but instead watched YouTube videos to get the themes. I am a believer in daily self improvement and online videos provide a good resource. Duhigg is a NY times writer who wrote a book that breaks down how we go about our habits, and what cues the brain has that create our habits. What's fascinating about this is if you start understand what rewards you receive from bad habits, you can find substitutes to replace with better habits. The process for a habit goes like this - a Cue happens, then you have your Routine, then a Reward for the Habit. Duhigg's example is he would take a cookie break every afternoon about 3 pm. The Cue was 3pm, the routine was going to get the cookie, and the reward was eating the cookie. This was a bad habit, and he was gaining weight. So he replaced this habit with social time everyday at 3pm. He would wander over to another employee's cubicle and talk to them. His reward would be social interaction, and distraction and he stopped his bad snacking. Psychologically the more you do your habits, the less you think about the action. This is good when you have established healthy habits. Do not underestimate the reward part either. Even if you reward a positive action with a questionable gift. Over time you may not even need the reward, and you just do the action out of habit. This is not the best talk, but her main points about the importance of sleep cannot be overstated. So much of productivity is in society is linked to how much sleep one gets. Also a multitude of health disorders are linked to sleep, and everyone needs at least 7 (to 9) hours of sleep daily. If you choose to ignore this, eventually you burn out or worse. We spend so much time adding things to our schedule, and this usually just makes us too busy. Instead of getting to all the things on your list, your work just suffers. Ultimately this affects your day, adds stress and hurts sleep. Slowing down, prioritizing your health (and sleep) will actually make you more productive over the long run. Hopefully these 3 examples will help you to evaluate your current habits. Then you evaluate what you are working to change in your current routine to improve yourself over the long term. Good Luck with your new habits. Have a good and safe Holiday Season. Article: Atomic Habits by James Clear The Book in Three Sentences 1. An atomic habit is a regular practice or routine that is not only small and easy to do but is also the source of incredible power; a component of the system of compound growth. 2. Bad habits repeat themselves again and again not because you don’t want to change, but because you have the wrong system for change. 3. Changes that seem small and unimportant at first will compound into remarkable results if you’re willing to stick with them for years. The Five Big Ideas 1. Habits are the compound interest of self-improvement. 2. If you want better results, then forget about . Focus on your system instead. 3. The most effective way to change your habits is to focus not on what you want to achieve, but on who you wish to become. 4. The Four Laws of Behavior Change are a simple set of rules we can use to build better habits. They are (1) make it obvious, (2) make it attractive, (3) make it easy, and (4) make it satisfying. 5. Environment is the invisible hand that shapes human behavior. Book Summay: Seg. 2 Clip from Seg. 2 of: You Are Who You Associate With - BRT S01 EP21 6-28-20 + Covid 19 Crisis & the Economy Homeless Population in Phx Struggling and How to Help MB on You Are Who You Associate With - in relationships of business and life Notes: Partner and hire ‘A’ people Relationships Process / Results Strategies Ultimate example – Paypal Mafia and all the tech startups that came from it Steve Jobs died in 2011 years ago – Apple still a Top 10 companies. Bill Walsh – Coaching Tree in football Good manager is not needed - business runs itself Guy Kawasaki on Bozo-itis: A hire A’s, B manager hire C’s – hire better than you. Jim Rohn – average of 5 people you associate with Partners – like a marriage. Pick carefully Rate yourself – would you hire you? Partner with you? If you do not like yourself – conscious choice to change, grow, adapt. Habits / Strategies – like habits vs. diets or fad ideas. Associate with Good People. People smarter than you. Life and business – drop bad associates If you’re the smartest in room – then you’re in the wrong room. Keep learning – associate with people who help you grow. Article: FULL SHOW: Seg. 3 Clip from Seg. 2 of: The One Thing, or Why Focus is Critical... - BRT S01 EP19 6-14-2020 China, Tariffs, Business Marketing MB on Goals, the One Thing, OKR (objective, and key results), and the importance of Focus Business Books – Decision Making and Priorities John Doerr – Measures What Matters Former Intel exec OKR – Objective and Key Results Big objectives Intel goal of overtaking Motorolla in chip making Doerr was advisor to Google founders Decision Making in business is crucial Book Summaries on great business books to save time, and still get key concepts of the book Blogs, YouTube videos, book summaries in detail – 10 pages vs 250 pages Peter Drucker – Effective Executive Managers need to understand their priorities Work on first things first, and second things not at all Goals, priorities, and time management Work on the most important things, and know what to not be working on One Thing – Gary Keller and Jay Papasan The ONE Thing by Gary Keller & Jay Papasan – book summary The Book in Three Sentences The ONE Thing is the best approach to getting what you want. Success is a result of narrowing your concentration to one thing. Success is built sequentially, one thing at a time. The Five Big Ideas Not everything matters equally. Multitasking is a lie. Discipline is a result of habit. Willpower is a finite resource. Big is bad. Book Summary Link: Article: “Anything not worth doing, is worth not doing well.” - Robert Fulghum quote ‘We are the average of the five people we spend the most time with.’ – Jim Rohn "Give me a place to stand (lever), and I will move the world." - Archimedes is said to have promised Related show (Interview w/ Author Jay Papasan) on The One Thing Book: Full Show: Seg. 4 Clip from Seg. 1 of: This is the Trick? The One Thing to Exit Strategy to Moneyball & Business Lessons from Movies - Best of Business Part 2 - BRT S03 EP43 (142) 9-4-2022 What We Learned This Week That's the Trick - Daily Work, the Grind Dominos - Priority in Latin = First, what is your 1st Domino? Knock it down Advisory Team - importance of building a good team (CPA, Attorney, Banker) That’s the Trick – this is the performance What's the Problem? - from Moneyball We Don't Hire Brokers, We Train Them - from Boiler Room That’s the Trick There’s a scene in the movie The Prestige when the 2 young apprentice magicians go to see an older magician to learn his ‘Trick’. When the older magician is on stage he’s doing amazing feats of strength. Then they get a watch him after the show get into a carriage, he seems like a crippled feeble old man who needs help. One magician says the other magician – ‘This is the Trick. This is the performance. This is why no one can detect his method. Total devotion to his art. Lot of self sacrifice.’ The ‘Trick’ is off stage, he’s always acting like a crippled old man. It’s simple, not easy. We often look for something that’s not there, the big secret, when it’s actually just in front of our faces. Always more simple than we think. We’re looking for the big trick, how to get rich in a moment. When the actual trick, is doing the work daily, weekly, monthly, for years. You hone the craft, measure your progress, and adjust over time. Respect the craft, as there is no overnight success. The old line in business, it took him 20 years to be an overnight success. The Malcolm Gladwell book Outliers, says it takes 10,000 hours to master something. The expert has been practicing for 10 years. The professional golfer, the actor, the musician, the chest master, the salesman, or work on their craft. Even the greats like Tom Brady, Buffett, or bodybuilder Schwarzenegger all honed their craft over the decades. It’s Simple, not Easy. You have to show up every day, to the repetitive work, just doing the grind. There is a great story about Sylvester Stallone trying to get auditions, and then trying to sell the screenplay for Rocky. He got thrown out of agents offices over 1500 times in the mid 10970s. Funny as there were only 500 agents in NYC. He actually got thrown out multiple times. There are no success hacks, no magic, no secret sauce. The secret is to just do the work. You work daily and improve 1% a week, leads to 66% improvement in a year. You must be willing to do what others will not. Compounding works with effort day and day out. Magic of Compounding is mass improvement over time, by perfecting the little things. Delay gratification and you see the results slowly. Build a base, not unlike the structure of a building. If someone says it’s easy and you don’t have to work for it…. Then probably selling you something. If it’s easy with no sacrifice, or habit building, then it will not last. When you cook a meal, what doe sit look like if you pulled it from the oven midway thru? You have to let it cook, to get the finished product. Be in it for the Long Term. Let Compunding work for you. Back to the The Prestige: ‘Sacrifice is the price you pay for a good trick.’ Not breaking character, you commit to the craft. Article: Borden and Angier watch Chung Ling So's fish bowl trick The Prestige (2006) – movie clip Full Show: Reference Show: McDonalds, Apple, Disruption, 80/20 - Best of Host Matt on Business Topics - BRT S03 EP10 (109) 3-6-2022 Things We Learned This Week What Business Are You In? - McDonalds is a Real Estate Company Disruption in Business & Tech World - How to Handle The Innovator's Dilemma 80/20 Principle summed up is, 80% of outputs come from 20% of inputs – Focus on the 20% Steve Jobs 1997 Return to Apple – The Power of Focus & Simplify, Say No often, choose wisely FULL SHOW: Business Topic: Investing Topic: More - BRT Best of: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Blockbuster, Reality TV, & the Supply Chain - Best of Business 2023 - Part 4 2023 - AZ TRT S04 EP52 (215) 12-31-2023
01/05/2024
Blockbuster, Reality TV, & the Supply Chain - Best of Business 2023 - Part 4 2023 - AZ TRT S04 EP52 (215) 12-31-2023
Blockbuster, Reality TV, & the Supply Chain Best of Business 2023 - Part 4 2023 AZ TRT S04 EP52 (215) 12-31-2023 What We Learned This Week: Alan Payne on the Rise & Fall of Blockbuster Arthur Smith on Reality TV & Sports Trevor Pan of Bidbird on shipping efficiency & container skins Dr. Chuck & Francis of Ally Bio on Cannabis Innovation Chris Owen of J Galt on Commercial Credit Host Matt on Business Assets Seg. 1 – Clips From: Built to Fail: The Inside Story of Blockbuster's Inevitable Bust w/ Alan Payne AZ TRT S04 EP34 (197) 8-27-2023 What We Learned This Week: · Blockbuster started in 1985, and scaled quickly after Wayne Huizenga purchased it in 1987, 10,000 stores at its height, dominant video rental co. · Alan Payne instituted the Video Rental model of HEB to the Blockbuster franchises he ran – segmented movies to rent new ones for more · Wayne Huizenga was a stellar Founder who built 3 fortune 500 companies – Waste Mgmt, Blockbuster, and Auto Nation · Viacom purchased Blockbuster in 1994 for $8.4 billion, and went on to lose 75% of the value over the next decade + · Competition was fierce from Hollywood Video, Redbox and then in 1997 by a new DVD rental by mail company called Netflix · Netflix scaled into the internet company it always wanted to be with streaming in 2009 Guest: Alan Payne Alan Payne spent thirty-one years in the movie rental business, the last twenty-five of those as a Blockbuster retail franchisee. He took over a small group of Blockbuster stores in 1993 and grew it into one of the largest and most successful chains in the company. He finally closed his last store in 2018, more than eight years after Blockbuster filed for bankruptcy. Book: Built to Fail: The Inside Story of Blockbuster's Inevitable Bust From the Back Cover Blockbuster was phenomenally successful in its early years and made thousands rich beyond their wildest dreams. But it was consistently outsmarted and outmanaged by smaller companies. And the challenges began earlier than you think--long before Netflix was even an idea in the minds of founders Reed Hastings and Marc Randolph. Blockbuster became one of the most iconic brands in the history of American business, but it cracked at the first sign of a challenge. From its founding, Blockbuster was a company built to fail. Link: Full Show: Seg. 2 – Clips From: TV Tales of The Unbreakable Jay Glazer to Creating Competition Shows from American Ninja Warrior to Hell's Kitchen w/ Arthur Smith AZ TRT S04 EP28 (191) 7-16-2023 What We Learned This Week: · Jay Glazer’s Unbreakable mindset gets him thru ‘the gray’ of his daily life, working on his mental health · Arthur Smith’s describes Reach as striving for our full potential to create amazing things · Creation of TV Classics like American Ninja Warrior & Hell’s Kitchen Arthur Smith, the chairman of A. Smith & Co. Productions, is a pioneering veteran of nonfiction television, known for creating and producing some of the longest running unscripted series in history, including Hell's Kitchen and American Ninja Warrior. Smith was honored as one of Variety's “Titans of Unscripted TV” in 2022, inducted into the Realscreen Awards Hall of Fame in 2021, awarded Broadcasting and Cable’s “Producer of the Year” in 2020, Nominated for several Emmy Awards, and received dozens of awards, including NAACP Awards, Realscreen Awards, and Critics Choice Awards. Smith embarked on his career in television as a twenty-two-year-old wunderkind, talking his way into sports production at CBC in his native Canada. He quickly distinguished himself as a rising star at the network, where he produced three Olympic Games among countless other high-profile events. At the age of twenty-eight, Smith was named the youngest ever head of CBC Sports. His successful run at the network ended when American broadcasting icon Dick Clark lured him to Hollywood to develop and produce a wide variety of entertainment programming. Then as the head of programming and production at FOX Sports Net, Smith played an instrumental role in the launch and growth of this massive entity, before the biggest reach of his life—the creation of his eponymous production company that has thrived for more than twenty years. He lives in Los Angeles. Full Show: Seg. 3 – Clips From: Cannabis Innovation by Ally Biotech w/ Dr. Chuck & Francis - AZ TRT S04 EP36 (199) 9-10-2023 What We Learned This Week Ally Biotech offers highly bioavailable products to leading manufacturers and dispensaries of cannabis products Cannabis is competitive and it’s all about the product quality. Arizona-based TM brand is an expansive line of easy-to-swallow THC soft gels for the cannabis industry. The goal of the company is to adopt the practices of big Pharma and make high grade products. FDA and DEA are actually working together. The DEA treats cannabis like any other Schedule One dangerous drug, like cocaine or heroin. Yet it does not have the same affects, nor addictive qualities. Many pain medication’s have very serious side effects as well as the potential for problems with overdosing. Cannabis is a good alternative for pain mgmt. Guests: Dr. Chuck Johnson, CSO at Ally Biotech After earning his BA in Chemistry from Northwestern University and PhD in Analytical Chemistry from Virginia Tech, Dr Chuck refined his craft while working The Procter & Gamble Company, Koch Industries, and Danaher, and expanded his scope of knowledge while working and consulting for DuPont, BATF, FBI, Army Corps of Engineers, Chiyoda Engineering, Toyo Engineering, Japan Gas Company, Yamato, Fisher Scientific, VWR Scientific Products, among others. Chuck brings with him experience with FDA regulatory compliance, LEAN (TPS) principles in Product Development and Manufacturing, competitive market analysis, mergers and acquisitions and technical sales. More recently he has provided consultation services and served as the Chief Science and Operations Officer in the Hemp and Cannabis sectors, including industrial farming, extraction, refining, GMP production, nutraceuticals, and FDA compliance. Francis Baczek, V.P. of Business Development at Ally Biotech Francis Baczek serves as Vice President of Business Development at Ally Biotech, a provider of leading-edge bioactive delivery solutions for cannabinoids. Baczek brings significant product development experience in the medical cannabis sector. Since 2013, he has been formulating precision-dosed edibles as lead cannabis chef for Uncle Herb’s Health Center, a licensed Arizona operator. Baczek is credite Full Show: Efficiency in the Supply Chain by a New Container Invention w/ Trevor Pan of BidBird AZ TRT S04 EP41 (204) 10-15-2023 Things We Learned This Week Malcolm McLean was the inventor of the shipping Container, and a key person in trade & globalization BidBird invented a container skin, a smooth panel for the side to reduce wind resistance & improve fuel efficiency Patent process and Patent Cooperation Treaty to register an invention in foreign countries Building a Prototype and doing a road test with a Truck plus a Container on a race track Guest: Tevor Pan, BidBird Principal Architect - February 2018 - Present Undergraduate Professional Degree - Landscape Architecture, Colorado State University, Fort Collins, Colorado 2003 Master Degree - Frank Lloyd Wright School of Architecture, Scottsdale, Arizona 2006 o o THE FIRST CONSTRUCTION MARKETPLACE, AT YOUR FINGERTIPS. Trevor Pan, BidBird Founder & registered Arizona architect. Spending 21 years as an immersed in construction, manufacturing, and design, I’ve built a unique understanding of the construction industry’s constant movements and challenges. I know that construction professionals are exhausted by the RFP game—and the collusion that can come along with it. I’ve seen invasive service platforms that trap users into thinking they’re a lead generating machine, but then unethically charge them thousands with no quality results. When I set off to launch BidBird, I wanted to eliminate the red tape and corruption for suppliers, manufacturers, contractors, and building owners. And when my barber approved the irresistible alliteration of the name, BidBird was born. BidBird is the new way for construction professionals to achieve a constant-but-necessary thing: capture competitive bids for their materials through an efficient process. At its core, our mission is simple. We connect construction industry professionals around the country through an honest platform that doesn’t cost users unreasonable fees, or their dignity. With its simplicity comes big things. BidBird is an opportunity to beat out the “big guys” by just a penny, equalizing the hunt for businesses around the country. We strive to combine high-value jobs + the innovation to evolve with construction professionals’ needs to transform businesses, one bid at a time. Full Show: Seg. 4 – Clips From: Building Commercial Credit w/ Chris Owen of J. Galt AZ TRT S04 EP45 (208) 11-12-2023 Things We Learned This Week J. Galt Helps Small Businesses Optimize Cashflow & Manage Growth Helping Business Owners Access Loans & Credit, Endangering Their Personal Credit & Family Assets Small Business is the backbone of a community, when it thrives, so does the community 3 Types of Credit - Personal, Business & Commercial Credit - Business need to build their Commercial Credit Guest: Chris Owen LKIN: Helping Business Owners Access Loans & Credit Endangering Their Personal Credit & Family Assets When small businesses prosper, then the community also thrives. The passion I have for helping fellow entrepreneurs succeed is something I’ve fostered my entire life. As an advocate and advisor for small businesses I have seen the challenges they face firsthand. When businesses fail, they leave an average of $80K for the business owner and their family. Knowing these daunting stats, it has become my life’s mission to help protect these incredible small businesses that are the bedrock of our economy. Can you imagine what your small business would look like in 12 months if… ✅ You didn’t get turned down for the loan, credit card, or line of credit you needed? ✅ Your access to loans and credit didn’t impact your personal credit or put your family home at risk? ✅ You had the money you needed to expand and meet new opportunities? J. Galt: Full Show: Rethinking What is an Asset AZ TRT S04 EP39 (202) 10-1-2023 What We Learned This Week: · Knowledge as an Asset · Industry You Work in as an Asset · Your Network as an Asset · Leverage as an Asset · Focus as an Asset · Traditional Investment Assets – Appreciating vs Harvesting Full Show: Investing Topic: Tech Topic: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Data Centers, Microchips, Transparency & Angel Investing - Best of Tech 2023 - Part 2 - AZ TRT S04 EP51 (214) 12-24-2023
12/28/2023
Data Centers, Microchips, Transparency & Angel Investing - Best of Tech 2023 - Part 2 - AZ TRT S04 EP51 (214) 12-24-2023
Data Centers, Microchips, Transparency & Angel Investing Best of Tech 2023 - Part 2 AZ TRT S04 EP51 (214) 12-24-2023 What We Learned This Week: Tom Frasier of Redivider on Modular Data Centers Tony Greenburg of Ramprate on Transparency in Tech Rohan on Microchips & their importance in Tech Bob DeLean of Arizona Tech Investors on Angel Investing Seg. 1 – Clips From: The New Modular Data Center by Redivider w/ Tom Frazier AZ TRT S04 EP31 (194) 8-6-2023 What We Learned This Week · Redivider Data centers are smaller modular size like a shipping container vs a standard data center which could be a huge warehouse · The new data centers are mobile, eco friendly, carbon neutral, plus allow for both scale & cost savings · Technology will be used to help the growth of the smart city or cloud and edge computing services · The growing use of AI programs like ChatGPT impacts the water supply as the needed cooling for data centers is massive, and not sustainable long term · Re-divider: Focus on The Three P’s, People, Planet, Profit Guest: Tom Frazier - Co-Founder & CEO Tom Frazier, the co-founder and CEO of Redivider, boasts an impressive 25-year career, driving transformational and disruptive initiatives in future tech, B2B, and public sectors. Committed to prioritizing people, planet, and profits, Tom is devoted to spearheading innovation in the digital economy. Meet Redivider and Tom Frazier Leading with People, Planet and Profits , Tom Frazier and Eric Appelblom are flipping the traditional enterprise data center on its head with hydrogen powered data centers—reducing carbon foot print and increasing jobs. The companies advisory team is a shows who in environmental and ESG. Tom has more than 20 years building infrastructure from Verizon to early data center infrastructure. He is also a Pebblebee advisor. Exclusively focused on the United States, Redivider is a Qualified Opportunity Zone Fund investing in assets related to data center services and specialty computing like Bitcoin, AI, 5G and cloud edge. Full Show: Seg. 2 – Clips From: Transparency in Tech by Ramprate w/ Tony Greenberg AZ TRT S04 EP33 (196) 8-20-2023 What We Learned This Week · Tony and Ramprate work with about 40 companies. · The core mission he wants to see from all companies is what type of impact can they have, how do they create value to help society. · Question: What is the social impact of all technology companies? · We need more transparency by companies with pricing · Service agreements with tech companies are very long and hard to follow. Need a summary of the rights of the end user. Guest: Tony Greenberg, CEO of Ramprate Tony Greenberg, CEO An unstoppable force of connecting great minds and generating ideas, Tony Greenberg spent 20 years pushing against the immovable object of myopia and corruption in how enterprise technology is bought and sold before turning his powers for the good of the blockchain community. As investor and advisor to more than a dozen startups focused on maximizing social impact in blockchain, health care, and emerging markets, he is mentoring executive teams as well as building partnerships and go-to-market strategies to turn good ideas into thriving businesses. As CEO of RampRate, he is saving millions, improving flexibility, and optimizing supplier relationships for more than 100 top brands such as Microsoft, eBay, Nike, and Hearst, while ensuring that corporate social responsibility becomes a bigger part of IT decision making. Prior, he held senior executive-level positions with market-creating technology and digital media innovators including Raindance and Exodus. His clients have run the gamut from traditional broadcasters (NBC, Fox, etc.) to massively multiplayer games (Blizzard / World of Warcraft, Riot Games / League of Legends, etc.) to eCommerce (eBay, Nike, Ticketmaster, etc.) to telecom (AT&T, Verizon, Level 3, Vodafone), high tech giants (Microsoft, Intel, Broadcom), publishers (Hearst, McGraw Hill, Scholastic, Scripps) and new online business models (Sony Crackle, Snapchat). While running RampRate, Tony has supported innovative startups and social impact driven projects, including an artist-focused royalties financial management project with Dave Stewart of the Eurythmics and Universal Music; innovative companies in peer-to-peer delivery; and several major hits in the blockchain arena, such ad Block.one; He is currently an advisor/investor to startups in motion capture / VR/AR (Limitless); innovative networking (Syntropy); blockchain technologies; and several social impact and wellness-related ventures, as well as creating early-stage ventures in IT waste reduction and socially responsible sourcing. Full Show: Seg. 3 – Clips From: The Brains of the Tech Industry - Semiconductors w/ Rohan AZ TRT S04 EP40 (203) 10-8-2023 Things We Learned This Week Semiconductors (Microchips) are in so many of the common everyday devices people use: cell-phones, tablets, laptops, cars, TVs, fridge, etc Valuation of Pay in Tech Jobs - combo of salary, bonus, benefits, stock options & growth potential Carbon Neutral is the eco-goal of many tech co’s & Gov’t by 2050, will require R&D, new materials Tech Talk & the Future.... AI, Turing Test, Recommendation Model, Moore’s Law, & more Guests: Rohan Raghunathan – Product Mgr – Semiconductor Industry Rohan graduated from ASU with a degree in Electrical Engineering, and also attended Cornell Univ for his MBA. Prior to working at On Semi in 2019, he was at Pwc as a Management Consultant in tech, and a Product Engineer at Microchip. He also had his own startup called Bioscope. Full Show: Seg. 4 – Clips From: Arizona Tech Investors w/ Bob DeLean AZ TRT S04 EP46 (209) 11-19-2023 What We Learned This Week ATI - Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona Applicants for Funding need to Answer many Q’s What Problem does your Product Solve? Who is your Competition? How Big is the Market? Who are Your Advisors? What is the Business Plan? Sales Plan? Building a Company takes longer than you think, & costs more $ than you expect Guest: Bob DeLean, Executive Director of Arizona Tech Investors LKIN: Bob DeLean has been an investor with ATI for more than 11 years and currently serves as the organization’s Chairman. He spent eight years as a Senior Equity Analyst with Morgan Keegan & Co., Inc., a wealth management and capital market firm. It’s now part of Raymond James Financial Inc. Since moving back to Arizona in 2004, Bob has made 28 angel investments in early-stage and startup companies, the majority being based in Arizona. Bob is an outdoors enthusiast who enjoys road trips and spending time in nature. In the summer of 2022, he and his life-partner Maria took a five-week driving trip through various National Parks, including Arches, Grand Tetons, Yellowstone, and Glacier National Park. They love wildlife and were fortunate enough to see a handful of black bears during the trip. Locally, Bob enjoys hiking through the Phoenix Mountain Preserve and seeing the occasional rogue coyote. He is also an avid mountain biker, but it never feels like he gets out enough. Bob loves to read (although the nightstand book pile is always growing), and is an expert coin collector. Full Show: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Zero to One - Peter Thiel Contrarian Thinker + Disruption - AZ TRT S04 EP50 (213) 12-17-2023
12/22/2023
Zero to One - Peter Thiel Contrarian Thinker + Disruption - AZ TRT S04 EP50 (213) 12-17-2023
Zero to One - Peter Thiel Contrarian Thinker + Disruption AZ TRT S04 EP50 (213) 12-17-2023 What We Learned This Week Contrarian Thinking – think for yourself and differently than everyone else Innovation great companies have unique products that go from Zero to one, vertical Founders are important and challenge the Status Quo to change the world Competition is for losers, strive for a Monopoly Secrets – What Great Company is No One Building? Disruption in Business & Tech World - How to Handle The Innovator's Dilemma Zero to One: Notes on Startups, or How to Build the Future (c- 2014) #1 NEW YORK TIMES BESTSELLER • “This book delivers completely new and refreshing ideas on how to create value in the world.”—Mark Zuckerberg, CEO of Meta “Peter Thiel has built multiple breakthrough companies, and Zero to One shows how.”—Elon Musk, CEO of SpaceX and Tesla The great secret of our time is that there are still uncharted frontiers to explore and new inventions to create. In Zero to One, legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things. Thiel begins with the contrarian premise that we live in an age of technological stagnation, even if we’re too distracted by shiny mobile devices to notice. Information technology has improved rapidly, but there is no reason why progress should be limited to computers or Silicon Valley. Progress can be achieved in any industry or area of business. It comes from the most important skill that every leader must master: learning to think for yourself. Doing what someone else already knows how to do takes the world from 1 to n, adding more of something familiar. But when you do something new, you go from 0 to 1. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. Tomorrow’s champions will not win by competing ruthlessly in today’s marketplace. They will escape competition altogether, because their businesses will be unique. Zero to One presents at once an optimistic view of the future of progress in America and a new way of thinking about innovation: it starts by learning to ask the questions that lead you to find value in unexpected places. Book on Amazon: Zero to One Book Summary: By XDEV 200 from 8/2020 Notes: Seg. 1: Zero to One - Rethinking the Future Zero to One - 0 to 1 The idea that new innovation goes vertical or up, technological progress If you just make a car that goes a little faster, that is horizontal progress (1 to n), like globalization, copying existing ideas and then improve a little Founders are Important, and challenge the Status Quo Competition is over-rated, and you should strive to be a Monopoly. Innovation is based on Secrets Startups, Cults, & The PayPal Mafia There Has been Little Progress… Contrarian Thinking Thiel believes contrarian thinking can change the future. “What important truth do very few people agree with you on?” Innovation Easier to copy a model than to make something new. Doing what we already know how to do takes the world from 1 to n, adding more of something familiar. But every time we create something new, we go from 0 to 1. The act of creation is singular, as is the moment of creation, and the result is something fresh and strange. Thiel’s approach for this question stems from a phrase that he used, “Brilliant thinking is rare but courage is in even shorter supply than genius.” Mark Twain: “If you find yourself on the side of the majority its time to pause and reflect.” Build a hyper niche company with a product 10x better than predecessors Go from Zero to One and truly innovate to change the world. Founders The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t learning from them. There is no entrepreneur roadmap. It’s all different and unique than before. You have to think for yourself and create your own path. Founders have vision and know how to build a startup team that believes in them so much – like a cult. Founders are not like everyone else. They challenge themselves, their team and the status quo. Seg 2: Competition Per Thiel - ”All happy companies are different: each one earns a monopoly by solving a unique problem. All failed companies are the same: they failed to escape competition.” He asks the difficult question: “What valuable company is nobody building?” Your company must be unique and serve a niche to create value, and not be a commodity. You are looking for Blue Oceans with little competition vs a Red Ocean with business’ eating away at each other and no profits. Thiel explains the differences between a Monopoly (inherently not evil) vs. a Perfect Competition (arguably dangerous for businesses vitality). Oddly, Monopolies try to act like they are not dominant, while competitive business act as if they are unique. Examples: Firm A — disguised as a monopoly: Google has a monopoly on search but emphasizes the small share of global online advertising, and other miscellaneous business models. Firm B — disguised as a perfect competition: A local restaurant tries to find fake differentiators by being the “only British restaurant in Palo Alto” yet they are using inaccurate metrics. The real marker would be “restaurants” not “Restaurant type” Business and MBA students obsess over competition and use the Art of War for metaphors. Thiel, asks a challenge question: “Why do people compete?” 1. Marx model: Since we are inherently different and possess distinct goals, and 2. Shakespeare model: All competitors are more-or-less similar (ex: Montague vs Capulet) This distracts companies to focus on the competition and not their core goal of good products and customers. For example, while Microsoft and Google were obsessively competing with each other Apple emerged and surpassed both. What defines a monopoly? 1. Proprietary technology (10 times better than any existing solution), 2. Network effect (start with a hyper-niche market. If you think its too big it is), 3. The economy of scale (SaaS vs employee labor-intensive), and 4. Excellent Branding (Apple Branding to stay continual trend). How can we build a monopoly? 1. Actively attempt to seek a hyper-niche target market that has little to no competitors. Serve them, and do it well (all that matters == customer: “Anything You Want”), 2. Once you have dominated the market expands to the nearest adjacent market. Similar to Amazon selling CDs, DVDs then everything else, 3. Do not disrupt current giants. PayPal worked with Visa. Everyone won, and 4. Attempt to make the last great development in a specific market and reap all the benefits of a mature ecosystem. Secrets Companies are based on secrets, and when the secret is revealed, the company could change the world. Thiel questions what secrets are left, and are companies even looking for secrets? Q: What happens when a company stops believing in secrets? Companies can lose their dominant position by not innovating, but resting on past success. Hewlett-Packard Example: 1. 1990 company worth $9Bn 2. 2000 after a decade of inventions (first affordable color printer, first super-portable laptops) worth $135Bn 3. 2005 worth $70Bn (failed merge with Compaq, failed consulting/support shops) 4. 2012 worth $23Bn as a result of an abandoned search for technological secrets. Every great business is built around a secret that’s hidden from the outside. Inner workings of Google’s PageRank algorithm, Apple iPhone in 2007, etc… Seg. 3: Replay Clip from Seg. 2 of 3/6/2022 Show – BRT S03 EP10 (109) 3-6-2022 – Topic: Best of Host Matt on Business Topics – McDonalds, Apple, Disruption, 80/20 MB on Disruption in Business & The Innovator's Dilemma book by Clayton Christensen Clayton Christensen’s book, “The Innovator’s Dilemma” Tech Disruption – technology changes and a small company startup can up-end big tech companies. Hence, disruption - the power of disruption, why market leaders are often set up to fail as technologies and industries change and what incumbents can do to secure their market leadership for a long time. Innovator’s Dilemma – how can big companies stay up with tech changes and pivot without hurting core business? All businesses (including tech companies) have trouble with disruption. Example: Blockbuster – rented movies, DVDs, lost market share to Red Box (vending movie rental), then both disrupted by streaming movies. Music industry went from records to cassettes to CDs to streaming (Napster). MySpace taken out by Facebook in social networks. Yahoo search taken out by Google (controls 75% of the search market) Kodak afraid to get out of film business and passed on digital film, lost market share. To solve the Innovator’s Dilemma, big companies acquire smaller tech companies; have in house R&D to be ready for next tech wave. Steve Jobs of Apple was very influenced by Innovator’s Dilemma and took this idea seriously. If you do not try to put your company out of business (w/ disruption / new tech), someone else will. Jobs was not afraid to innovate, and cannibalize his own company and products to stay relevant. Apple created iPhone, and now computer is in your pocket Peter Thiel – “Zero to One” book - Great innovation is not A to B to C, it is vertical, jumps curves. Current smart phones have more computing power than a computer 20 years ago. Guy Kawasaaki (former Apple) Talk - “12 Lessons From Steve Jobs” Full Show: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Pre Silicon Valley - Claude Shannon & Bell Labs w/ Jimmy Soni - AZ TRT S04 EP49 (212) 12-10-2023
12/14/2023
Pre Silicon Valley - Claude Shannon & Bell Labs w/ Jimmy Soni - AZ TRT S04 EP49 (212) 12-10-2023
Pre Silicon Valley - Claude Shannon & Bell Labs w/ Jimmy Soni AZ TRT S04 EP49 (212) 12-10-2023 Revisit the Show w/ Clips From: PayPal Mafia - The Founders Story & Their Battle w/ EBAY w/ Jimmy Soni - BRT S03 EP36 (135) 8-7-2022 Full Show: What We Learned This Week PayPal Mafia – alumni created or involved many other co’s – Tesla, SpaceX, Palantir, Yelp, Yammer, LinkedIn, Facebook, YouTube & more PayPal had may contributors & a real long shot to happen during the DOTCOM Crash of 2000 Claude Shannon – creator of Information Theory, predecessor to the modern computer age, & algorithms Bell Labs was a classic Tech Incubator like Fairfield Semiconductor, Xerox Parc, Menlo Park – Edison / GE, Manhattan Project, Tuxedo Park PayPal sold to EBAY in 2002 for $1.5 Billion, prior to this, the two companies were rivals as EBAY wanted a different payment system Full Show: Guest: Jimmy Soni, Author My are passion projects. My topics come because I look for a book to buy on the subject and can’t find one. I know it’s supposed to be fancier than that, or that there must be some grand theory of my work, but there isn’t one. That said, my readers seem to enjoy what I’ve written, so maybe it’s fine? I am inspired by my literary heroes, including Robert Caro, Laura Hillenbrand, Candice Millard, Daniel James Brown, and Barbara Tuchman, among many others. They are all rigorous researchers—but reading their books doesn’t feel like doing homework. That’s what I’m going for, and hopefully I hit the mark a few times. For me, are all-consuming projects, leaving little other time for the things that should populate this section like hobbies, interests, and even the ability to remain in basic touch with people. I enjoy obsessing over a subject for years, and my goal is to find as much information as possible and then make the material readable for a general audience. When not writing or reading, I spend time with my daughter in Brooklyn, NY. If you’d like to connect, please drop me a line at hello [@] jimmysoni.com. The Founders: The Story of PayPal and the Entrepreneurs Who Shaped Silicon Valley A definitive, deeply reported look at the origin of PayPal and its founding team, including Elon Musk, Peter Thiel, Reid Hoffman, Max Levchin, and others whose stories have never before been told. They defined the modern world. This experience defined them. Paypal Mafia Elon Musk – Tesla, Space X, Boring Co. Peter Thiel – 1st FB Investor, AirBnB Investor, Founders Fund, Palantir Reid Hoffman – LinkedIn (sold to Microsoft) Max Levchin – Affirm, Investor in Yelp David O. Sacks – Geni.com & Yammer Chad Hurley – YouTube Russel Simmons – Yelp A Mind at Play: How Claude Shannon Invented the Information Age In this elegantly written, exhaustively researched biography, Soni and Goodman reveal Claude Shannon’s full story for the first time. With unique access to Shannon’s family and friends, A Mind at Play brings this singular innovator and always playful genius to life. How Claude Shannon Invented the Future Today’s information age is only possible thanks to the groundbreaking work of a lone genius. A Mind at Play | Jimmy Soni & Rob Goodman | Talks at Google Shannon is credited with the invention of signal-flow graphs, in 1942. He discovered the topological gain formula while investigating the functional operation of an analog computer. For two months early in 1943, Shannon came into contact with the leading British mathematician Alan Turing. Jul 13, 2018 — Thorp, 85, is a former American mathematics professor and hedge fund manager, who became a New York Times bestselling author in 1962 with his ... The No-Stats All-Star Notes: Claude Shannon Bio – A Mind at Play (2017) Claude Shannon – mathematician & MIT professor created Father of Information Theory – How do you make info transferrable, & secure in wartime? Friend of Alan Turing (British Mathematician), both worked on coding in WW2, German code breaking scientists became celebrities in WW2 and raised funding The science behind compressing info, digitizing info and MP3 files, transfer data Mathematics Theory of Communication, Shannon’s paper and theory considered the Magna Carta of information age. Great paper theoretically and practically. Shannon created algorithm called sigsally. Imitation Game – WW2 bio movie about Alan Turing Shannon’s work used for Gun torrents on Navy ships, target projectiles Bell Labs – math group that Shannon was a part of Famous Groups of Genius - Menlo Park – Edison/GE, Manhattan Project – Built the A Bomb Fairfield Semiconductor – predecessor to Intel and other Silicon Valley tech co’s Bell Labs had money and started as R&D Dept. in Bell Telephone Bell Telephone ran all land lines in America, had a Fed guaranteed monopoly on the phone system Bell invented touch tone dialing, transistor, satellite tech, cell tech, communication networks We are all affected by Bell tech and inventions, modern age owes a solid to Bell Had big group of talent and could afford all of it, leading scientists of the time. During WW2 many major U.S. corporations – Bell, Ford were recruited by the US Government. War effort created urgency – math used to shoot down the enemy. The Founders – story of PayPal (2022) Dot Com burst created urgency to Pay Pal, bleeding money, had to survive. Dotcom crash – companies started 1 day, & BK out of business next day. Rise like a rocket and crash in 2 years Next Gen of Genius Teams - Xerox Parc, Microsoft, Apple Music Producer – Brian Eno coined the term “scenious” Scene meets genius - Clusters of talent American Revolution – Hamilton, Jefferson, Washington, Adams, Franklin all together for 1 cause Inklings, Fugitive Poets, 1960’s British Music scene, Bill Walsh 49ers Coaching staff of the 1980s Paypal is the story of many – Elon Musk, Peter Thiel, Max Levchin, Reed Hoffman Alumni of Fairchild Semi led to Intel, Atari and Xerox Parc led to Apple. Post WW2 Bell Labs pressure decreased compared to PayPal. Bell Labs allowed free wheeling, could work on a project for 10 years. PayPal Mafia - The Founders Story & Their Battle w/ EBAY w/ Jimmy Soni - BRT S03 EP36 (135) 8-7-2022 Full Show: More on Bell Labs: 'The Idea Factory': How Bell Labs invented the future – Bell Labs: The research center behind the transistor, and so much more – Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Economics 101 for Real World Business - AZ TRT S04 EP48 (211) 12-3-2023
12/07/2023
Economics 101 for Real World Business - AZ TRT S04 EP48 (211) 12-3-2023
Economics 101 for Real World Business AZ TRT S04 EP48 (211) 12-3-2023 What We Learned This Week: - Economics Simplified - What is the Opportunity of your Business Investment? - What is the Probability of the Next Die Roll? - Dr. Nash’s Plan to Pickup Women Notes: EK 101 – Economics Lessons Seg. 1 Supply & Demand Supply is the amount of a specific good or service that's available in the market. Demand is the amount of the good or service that customers want to buy. Supply and demand are both influenced by the price of goods and services. If there was only one pizza restaurant in a town and then a new pizza place opened, the demand for pizza from the first restaurant would drop. The price of gasoline often changes with the demand throughout the year. As people drive more in the summer, gasoline prices tend to rise. In professional football, owners sell entertainment (supply) and spectators buy the opportunity to view or display the game (demand). Meanwhile, owners also buy the services of athletes who wish to play (demand) and trained athletes make themselves available for a price (supply). Marginal Utility What Is Marginal Utility? Marginal utility is the added satisfaction that a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase. Sports David Beckham signed $250 mil contract in 2007 w LA Galaxy Galaxy willing to overpay to get the attention, ticket and merchandize sales What we will pay at the margin? There is only 1 Beckham, rare commodity, like a diamond – subjective on the value What is the value of a bottle of water in the desert? If only 1, then pay a lot, if there are 50 available, then pay less Seg. 2 Capital Allocation – Capital Allocation is the process of distributing financial resources to different areas of a business to increase efficiency and maximize profits. A Sunk Cost refers to money that has already been spent and which cannot be recovered. In business, the axiom that one has to “spend money to make money” is reflected in the phenomenon of the sunk cost. A sunk cost differs from future (or regular) costs that a business may face, such as decisions about inventory purchase costs or product pricing. Sunk Costs also mean that the Money $ used on a bad investment is lost. Don’t try to ‘chase it’ to somehow recover and get even. Instead, just write it off, and move on. It is better to use the New Money $ on better investments. Where to Invest your money $ is pivital to Capital Allocation. Simply put, learn to Control Your Capital and decide wisely what Opportunity (Cost) it should go to be as efficient as possible. This is the intersection of scarcity and choice. Opportunity Cost is the loss or gain of making a decision, the forgone benefit that would have been derived by an option not chosen. To properly evaluate opportunity costs, the costs and benefits of every option available must be considered and weighed against the others. Famous Phrase – “idle cash balances represent an opportunity cost in terms of lost interest” Whether your time or money can be better spent on something else Should you mow your own lawn, or hire someone and concentrate on your job to make more $ Division of Labor We do not cut our own hair, or drill our own teeth – we go to a dental specialist, saves time & $ over long term Concentrate on your specialties Pencil example – one co make wood, one makes eraser, one mines the graphite, and one co assemblies – we all benefit as it would be harder and cost more if same company did it all, suppliers w/ specialty help keep costs down In Stock Investing – Beware the Zombie Co.s in the S&P Index. These are companies that are not profitable, or growing (may even need a Bailout). They are just treading water, and paying their interest on debt, but not their principal. In the current S&P index, it is estimated that about 20% of companies are Zombie Co’s whose main investment comes from people buying the whole Index. Unfortunately another 30% of the Index are bad companies that are either are stagnant, or on their way to Zombie status. Maybe 10 – 15% of the Companies (Stocks) in the Index (50 – 75 Co’s) are really good to exceptional and should get your Capital. Do you want to own the best house on the block? Or all of them? Seg. 3 Gamblers Fallacy each roll of the die is separate from the last, no effect The gambler's fallacy, also known as the Monte Carlo fallacy, occurs when an individual erroneously believes that a certain random event is less likely or more likely to happen based on the outcome of a previous event or series of events. For example, the gambler's fallacy might cause someone to believe that if a coin just landed on heads twice in a row, then it's “due” to land on tails on the next toss. Monte Carlo Simulation – use for modeling scenarios One simple example of a Monte Carlo Simulation is to consider calculating the probability of rolling two standard dice. There are 36 combinations of dice rolls. Based on this, you can manually compute the probability of a particular outcome. Monte Carlo Simulation is a mathematical method for calculating the odds of multiple possible outcomes occurring in an uncertain process through repeated random sampling. This computational algorithm makes assessing risks associated with a particular process convenient, thereby enabling better decision-making. Probabilities Probability is simply how likely something is to happen. Whenever we're unsure about the outcome of an event, we can talk about the probabilities of certain outcomes—how likely they are. The analysis of events governed by probability is called statistics. Sports analytics is a more recent field that uses data to measure areas like athletic performance and business health to of a sports organization as a whole. On-field data metrics help teams decide how to improve in-game strategies, nutrition plans and other methods for raising their athletes’ level of performance. Off the field, organizations can leverage data to monitor ticket sales, craft marketing campaigns and reduce operational costs. Data lets teams and organizations track performance, make predictions and make smarter decisions on the field. Want to figure out what play is best to run on fourth down in a football game? . Wondering whether or not your pitcher should throw another inning? Check the analytics. Players still win games, but data allows coaches to put them in the best position to succeed. Seg. 4 Game Theory – science of human strategy, people behave differently in games Dr. Nash – A Beautiful Mind If they all go for the same girl in the bar, competition and no one gets her, but if they work together and pair off with the group of girls, they all may win As Nash explains it, if all the men approach the blonde first, none of the men will pair off: The blonde will reject them all as a crowd, and her brunette friends will reject them all individually because none of the women will accept being second choice to her friend. While used in several disciplines, game theory is most notably used as a tool within the study of business and economics. The "games" may involve how two competitor firms will react to price cuts by the other, whether a firm should acquire another, or how traders in a stock market may react to price changes. Prisoners Dilemma The prisoner's dilemma presents a situation where two parties, separated and unable to communicate, must each choose between cooperating with the other or not. The highest reward for each party occurs when both parties choose to co-operate. Keep your mouth shut and tell the cops nothing, both walk Cold War Example If both combatants do nothing, everyone lives, or mutual destruction with nuclear war War Games movie – no winner in hundreds of simulated games Business Topic: Investing Topic: More - BRT Best of: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Best of Investing 2023 AZ TRT - S04 EP47 (210) 11-26-2023
11/30/2023
Best of Investing 2023 AZ TRT - S04 EP47 (210) 11-26-2023
Best of Investing 2023 AZ TRT S04 EP47 (210) 11-26-2023 What We Learned This Week: Drew Niv on markets, Risk & Oil Denver Nowicz of Wealth for Life on Taxes Steve Zabilski of Piper Trust on Non Profits Greg Talcott of Caliber Funds on Real Estate Investing & Opportunity Zones Bryan McLaren of Zoned Properties on Specialized Cannabis Real Estate Bob DeLean of Arizona Tech Investors & valuations Rohan on Tech Stocks and careers Seg. 1 – Clips From: Assets, Interest Rates & Bubbles - Market Recap for 2022 w/ Drew Niv BRT S04 EP02 (164) 1-8-2023 What We Learned This Week Assets – Valuations have gone down, forces Investors to evaluate the worth of an Asset, Risk / Reward analysis, no more ‘free’ money Interest Rates – Don’t Fight The Fed, raising rates to lower value of assets Market Risk – can get Treasury Bills at 4 – 5%, risk-free, need good ROI to invest in stocks with 10 – 20% downside risk Oil Commodities – demand is up, supply is down, Gov’t will keep the price of oil at $70 / barrel Bubbles / Crypto – does not have good utility, market has collapsed, Bitcoin & Ethereum will survive, has use, plus the Black Market Guest: Drew Niv, Trader Tools & former Forex Trader LKIN: Drew Niv had a 20 year career in trading and FX (currency) markets. He founded one of the largest Forex trading companies on Wall Street, took it public (IPO), managed hundreds of staff, and oversaw $ billions in daily trading. Currently he runs a bank software company called Trader Tools, that specializes in FX markets. - Drew Niv is a Strategic, Technology Savvy, and Detail-Oriented Board Member and Global Business Executive with a history of award-winning performance as a visionary leader. Founded company that disrupted the FX industry, resulted in retail FX becoming a major factor of the global FX market. Developed breakthrough technology that enabled customers to transact spot FX at 70–90% less cost than the largest exchanges and ECNs. He has forged strategic partnerships with 1,000 institutional customers, including major hedge funds, all large banks, and other brand name financial institutions, both domestically and globally. Drew possess a unique understanding of market microstructure - the inner plumbing of trade matching, how technology intersects with business, and how to grow a business from a small startup through an IPO. Well versed in managing through a crisis and positioning a mature business to meet the unique challenges of a shrinking industry. Experienced in software product development; able to design and build trading software that people want to use; and experienced in managing a diverse, international workforce remotely. Full Show: Related Show: Market Cycles, Risk, & Ben Graham’s Intelligent Investor - Finance Lessons from BRT BRT S04 EP29 (192) 7-23-2023 What We Learned This Week: Mean Reversion & Market Cycles – Asset prices do not go up forever, but rather fluctuate Assets – Valuations have gone down, forces Investors to evaluate the worth of an Asset, Risk / Reward analysis, no more ‘free’ money Interest Rates – Don’t Fight The Fed, raising rates to lower value of assets Market Risk – can get Treasury Bills at 4 – 5%, risk-free, need good ROI to invest in stocks with 10 – 20% downside risk Wealthy own Assets, Business, Real Estate, Stocks are the best and most popular The Intelligent Investor Ben Graham's teaching, and seminal investing book - Ch. 8 on Mr. Market, & Ch. 20 on Margin of Safety Seg. 2 – Clips From: Wealth for Life – Own a Business, the Best Asset to Grow Wealth BRT S04 EP06 (168) 2-5-2023 Things We Learned This Week • Wealthy use Different Strategies – how they approach investing, business, opportunities, tax strategy • You’re not going to get rich investing in stock, if you have a $50k / year salary, not saving & investing enough $ • Wealthy own Assets, Business, Real Estate, Stocks • Tax Strategy needed when you Earn $250K +, more income, more taxes • Loans – using leverage is the key to Tax Free Income – put more $ money into investments • Offense / Defense – segment Assets into categories, create income from Assets Co-Host: Denver Nowicz, President - Wealth For Life Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’. Full Show: Running a Non-Profit Charity The Piper Trust w/ Steve Zabilski - BRT S04 EP27 (190) 7-9-2023 What We Learned This Week: Virginia G. Piper Trust - Virginia & husband Bob Galvin (founder Motorola) created in 2000 Charity Grants application process Investment to grow Trust Fund of $400m Phx Dream Ctr staff are largely made up of former victims giving back St Vincent helps the Homeless Population In Phx A for Arizona celebrates educators Guest: Stephen J. Zabilski, President & CEO As President and CEO, Steve Zabilski leads Virginia G. Piper Charitable Trust’s mission to enrich health, well-being, and opportunity for the people of Maricopa County. Steve joins Piper Trust as its fourth CEO after providing more than 17 years of dedicated service as a Trustee and member of the organization’s Investment and Audit Committees. For the past 25 years, Steve served as CEO of the Society of St. Vincent de Paul—Phoenix Diocesan Council. His decades of private sector experience, coupled with his talent to lead with compassion and humility, continue to make an indelible mark on this community. Steve’s ability to bring people together and catalyze the strengths of thousands of Vincentians, volunteers, employees, and donors significantly advanced the mission and services of St. Vincent de Paul. Full Show: Seg. 3 – Clips From: Investing in Real Estate Opportunity Zones w/ Greg Talcott of Caliber Funds AZ TRT S04 EP42 (205) 10-22-2023 What We Learned This Week Caliber Co is an integrated real estate company from service to construction to investment funds The biggest idea in funds right now is Opportunity Zones - investing in below medium income areas Caliber deals can last 5+ years, with an IRR of 17% Caliber has great lenders to get good interest rates, they fund deals 50/50 - loan to equity Location - always looking for great properties w/ community to support biz + other real estate building Guest: Greg Talcott, Managing Director of Sales LKIN: Article on Greg: Experienced sales executive with a demonstrated history of working in the venture capital and private equity industry. Skilled in Securities, Asset Management, Investment Strategies, Equities, Real Estate, and Financial Advisory. Strong media and communications professional, expertise in digital marketing to niche networks such as ultra high net worth individuals. BS focused in Law & Political Science from Arizona State University. Real Estate Investment Experts Caliber is a leading vertically integrated asset management firm whose primary goal is to enhance the wealth of investors seeking to make investments in middle-market assets. We strive to build wealth for our investor clients by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities. We market our services through direct sales to private investors, wholesaling to investment advisers, direct sales to family offices and institutions, and through in-house client services. Caliber’s middle-market specialty allows the Company to compete with agility and speed in an evolving arena of alternative investments. Full Show: Specialty Cannabis & Prop Tech Real Estate Services w/ Bryan McLaren of Zoned Properties - BRT S04 EP22 (185) 6-4-2023 What We Learned This Week Zoned Properties specializes in Cannabis related Real Estate There is High consumer demand for cannabis, it exists already, do not need to create it Cannabis dispensaries are in the retail asset class of real estate. Also called - Direct to Consumer real estate. Many of the past myths & propaganda about Cannabis on crime and other societal issues were wrong. Property values never went down. Cannabis is a $50-$70 billion projected sales industry, w/ a $200 billion Economic Impact Zoned Properties Tech Division and SaaS software may be the biggest part of the company in the future Guest: Bryan McLaren, Chairman & CEO of Zoned Properties Bryan McLaren is Chairman and CEO of publicly traded Zoned Properties (ZDPY). As a certified and licensed realtor, Green Roof Professional, LEED Green Associate, and former City Sustainability Commissioner, Bryan has navigated state regulatory programs for cannabis commercial real estate in over ten markets for over 100 development projects. Zoned Properties®, Inc. (OTCQB: ZDPY), a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for the regulated cannabis industry, positioning the company for property acquisitions and revenue growth. They recently announced the market launch of its partnership with dispensary retail franchisor (The Open Dør). Zoned Properties invests in OpenDor with franchise model in cannabis using inspiration from McDonald’s as an example & model. Full Show: Seg. 4 – Clips From: Arizona Tech Investors w/ Bob DeLean AZ TRT S04 EP46 (209) 11-19-2023 What We Learned This Week ATI - Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona Applicants for Funding need to Answer many Q’s What Problem does your Product Solve? Who is your Competition? How Big is the Market? Who are Your Advisors? What is the Business Plan? Sales Plan? Building a Company takes longer than you think, & costs more $ than you expect Guest: Bob DeLean, Executive Director of Arizona Tech Investors LKIN: Bob DeLean has been an investor with ATI for more than 11 years and currently serves as the organization’s Chairman. He spent eight years as a Senior Equity Analyst with Morgan Keegan & Co., Inc., a wealth management and capital market firm. It’s now part of Raymond James Financial Inc. Since moving back to Arizona in 2004, Bob has made 28 angel investments in early-stage and startup companies, the majority being based in Arizona. Bob is an outdoors enthusiast who enjoys road trips and spending time in nature. Full Show: The Brains of the Tech Industry - Semiconductors w/ Rohan AZ TRT S04 EP40 (203) 10-8-2023 Things We Learned This Week Semiconductors (Microchips) are in so many of the common everyday devices people use: cell-phones, tablets, laptops, cars, TVs, fridge, etc Valuation of Pay in Tech Jobs - combo of salary, bonus, benefits, stock options & growth potential Carbon Neutral is the eco-goal of many tech co’s & Gov’t by 2050, will require R&D, new materials Tech Talk & the Future.... AI, Turing Test, Recommendation Model, Moore’s Law, & more Full Show: More Info on WFL and Tax Free Matching: Wealth For Life Topic: Link to Taxes Show on 10/31/2021 w/ Denver: Link to Offense / Defense Show on 6/6/2021 w/ Denver: Link to Shows, Denver was a Guest: Investing Topic: Tech Topic: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Arizona Tech Investors w/ Bob DeLean - AZ TRT S04 EP46 (209) 11-19-2023
11/28/2023
Arizona Tech Investors w/ Bob DeLean - AZ TRT S04 EP46 (209) 11-19-2023
Arizona Tech Investors w/ Bob DeLean AZ TRT S04 EP46 (209) 11-19-2023 What We Learned This Week ATI - Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona Applicants for Funding need to Answer many Q’s What Problem does your Product Solve? Who is your Competition? How Big is the Market? Who are Your Advisors? What is the Business Plan? Sales Plan? Building a Company takes longer than you think, & costs more $ than you expect Guest: Bob DeLean, Executive Director of Arizona Tech Investors LKIN: Bob DeLean has been an investor with ATI for more than 11 years and currently serves as the organization’s Chairman. He spent eight years as a Senior Equity Analyst with Morgan Keegan & Co., Inc., a wealth management and capital market firm. It’s now part of Raymond James Financial Inc. Since moving back to Arizona in 2004, Bob has made 28 angel investments in early-stage and startup companies, the majority being based in Arizona. Bob is an outdoors enthusiast who enjoys road trips and spending time in nature. In the summer of 2022, he and his life-partner Maria took a five-week driving trip through various National Parks, including Arches, Grand Tetons, Yellowstone, and Glacier National Park. They love wildlife and were fortunate enough to see a handful of black bears during the trip. Locally, Bob enjoys hiking through the Phoenix Mountain Preserve and seeing the occasional rogue coyote. He is also an avid mountain biker, but it never feels like he gets out enough. Bob loves to read (although the nightstand book pile is always growing), and is an expert coin collector. Arizona Tech Investors (ATI) was founded in 2007 by Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona and neighboring states. ATI members have invested in over 90 companies, and, today, is comprised of over 100 men and women dedicating their time, knowledge, and resources to deliver the advantages that angel support can provide. ATI seeks opportunities where new capital can move young businesses to the next level of growth and success. To maximize the probability of a successful company, ATI goes beyond just making investments. Members also participate in support of portfolio companies through advisory roles, strategic guidance, as well as resource and partner referrals and more. Members of ATI invest individually, collectively through dedicated LLCs, and through sidecar, or pooled investment funds allowing for best alignments of investor objectives and portfolio company needs. What advice do you have for founders or companies looking for funding? Clearly communicate your business plan. It’s surprising how many pitches we receive that fall flat simply because we can’t decipher “what” the business actually does. Explain the business to me as if I'm four years old…especially if your organization is a highly technical product/service. You might be an astrophysicist with incredible accolades in your field, however I am not. During the pitch, the questions you receive from the group will illuminate how well your audience understands your field. And, your answers will allow you to dive deep into your area of expertise when appropriate. Second, understand what investors are looking for. What problem are you solving? Is it a real problem? Yes, you think you have a better solution, but can you really convince others that are going to risk their own capital that it's better? Do you really understand your competition? How big is the market? How much of your personal money is in the company? (This gives investors an idea of your walk-away pain.) Wait, you want me to fund your dreams, but you have no personal stake in the business? Yes, every company has sweat-equity, many of us want to see your own hard-earned cash invested in the business as well. Notes: Seg 1 Arizona Tech Investors has 100 members, and when they invest in a deal, there is one name on the company cap table. They are a group of angel investors who pull their money in an SPV for each deal. An SVP is a special purpose vehicle typically incorporated for the investment. The group chooses deals on a deal by deal basis, and not all the members will necessarily invest in a deal. An example of a current deal is GT Medical which they have invested in all 5 rounds for a total of $660K. When an investment is brought before the group they have to determine whether this is a viable business with a good product for commercial purposes vs something interesting more akin to a science project. Does the Founder presenting understand their product market fit. Core question investor always ask, how do I get a return?. What is the exit strategy? Is this a lifestyle business where the founder is supporting a job or are there long term plans to build the business and sell it? Many companies especially in the tech industry may not be profitable when there is a sale exit. Arizona Tech Investors are a diverse group with many backgrounds. Often when they look for a deal they want someone in their group to have domain expertise. This way they understand the subject matter of the product. Half of their deals are in med tech and the other half are in software SaaS type businesses. Seg 2 Bob ‘s background, went to University of Arizona in Tucson and got his MBA at Indiana. He spent 8 years as a stock analyst working in finance. About 2010 he learned of the Arizona Tech Investors. He loves capitalism and entrepreneurship. Jim Goulka, the former Executive Director stepped down and Bob stepped in to take his place in 2021. Any investment they look at needs to have an MVP, or minimally viable product. They’re looking to be in a deal for 3 to 5 years. Deals that they will avoid are in biotech and drug development. It takes many years, 10+ and lots of money to bring a drug to market. They expect any deal to be easy to follow. The request is to make the founder’s pitch simplified, talk to the group like they are 4 year old. Initially, if a founder wants the group to look at a deal he sends the pitch idea for Bob to review and advise. If Bob believes it’s a deal they could invest in, he has them go to their portal and fill out an application. Arizona Tech Investors has an 11 member committee that reviews all deals. They were always leery of founders who bring them a ‘me too’ type application. There are lots of competitors in the space and they are just jumping on the next trend. It’s very important for founders to understand who their competition is. Everybody has competition on some level. If a product is totally new, inertia could be the competition. The status quo, where people might do nothing, rather than adopt a new product. Arizona Tech Investors is concerned if a founder tells them they’ve got the most unique product and there’s no competition. The idea in business that being first to market is the best, sometimes is a myth. For example, Yahoo had a search engine prior to Google but over the long term was overtaken by them. Google understood their business better than Yahoo did, and at their core were an ad platform. Seg 3 Founders are often blinded by their idea. It’s hard for them to take constructive feedback. Typically the valuation for their product and their own thinking and belief in their idea is way too high. Investors are looking for an appropriate IRR, internal rate of return. Can they get a good adjusted rate of return on any investment. What is the viability of the product? Does the founders IP have a sufficient moat, where competition can’t come in and just creep on them to take the product away. They are looking for founders with coaches and mentors. Did they build it good board of advisors with experts in different areas. A one person company is a hobby. You need a team to run a company. Does the business have sales or at least some traction with customers? The market is the referee and tells you the value of your product. In the book Zero to 1 by Peter Thiel, he talks about the startup business is not just building a unique product but also how you sell and market the product. Many businesses fail because they don’t have a good go to market plan. Founders have to have a unique set of skills where they can create a company, grow a company and manage it through maturity. Often they have to go through different CEOs for each phase. One cannot just build a product and assume people will buy it. Seg 4 You want to see what the coachability is of the founder. Are the investors messages resonating. You don’t want the company staff to have group think. What is their business plan over the short and long term? Do you understand your product? Is the business a product or just an add on feature. You must do market research to really understand your competition. When the founder believes they have no competition, they usually have two possible types and just don’t realize it. The first type is they just don’t even know who their competition is. The second type is their market may be too small so other businesses are not interested. You have to understand the size of the market or the TAM - total addressable market. There’s also the sales attainable market or SAM. If the market is too big then the founder needs to niche down with who they’re going to market their product to. Create an initial vertical. You cannot have the shotgun approach and think everybody is your customer. Need to focus. When an investor writes a company a check, now they are partners, and the investor may even want a seat on the board. Arizona Tech Investors does not invest too much in VC deals as you have limited control and are just along for the ride. They typically invest only in Angel only type deals. VC’s care about their limited partners, and the people with the most money in. They don’t usually care too much about the GPs or general partners. OT All deals in business always take twice as long as you think, and cost two times as much money or capital. A tech company over the long term, if they need a larger raise they’re probably going to bring in a VC to invest money. In this instance they may cash out the early angel investors. Software businesses are very good businesses in the tech industry. Good opportunities with high margins. They tend to be very capital efficient and scalable. Software businesses can create recurring revenue on an annual basis, or ARR. Valuations tend to be higher, not only because of the product but also because of the data they collect. Understanding valuations are very important, and typically a valuation of the business is based on a multiple of cash flow. In the current environment the cost of capital is up, interest rates are up and it is tougher to raise money. The current valuations for technology companies need to reflect what the market is. What’s actually going on or down rounds where there is a cut in valuations. It’s very competitive to raise money. When the founder borrows money whether it’s from VCA or a bank they are the partner. This can lead to CEO turnover if the investors are not happy. Angel investors want to be out of a deal in five years are not looking for a company to go public or an IPO. It takes a long time for a company to go public and that’s not what Angel investors want to hear. Public companies that file a 10 K or liquid and you can buy the stock or sell the stock within the same week. Angel investors invest in deals in the early stage and typically the money is illiquid and tied up for a long time. Founders also need to understand how important their product is and what type of IP or moat that you have. Typically a patent is not going to protect your IP. Arizona Tech Investors have a series of screening questions for Founders looking for money. Sample questions are: What is the problem? And what is your solution? What is the commercial viability of your product? What’s the sales cycle to town to sell your product? What is your cash burn rate? Cash flow? What is your go to market plan? Who is your competition? What is your market series? What is your competitive position? What is your management team? Tech Topic: Business Topic: Investing Topic: More - BRT Best of: More - BRT Best of Tech: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Building Commercial Credit w/ Chris Owen of J. Galt - AZ TRT S04 EP45 (208) 11-12-2023
11/16/2023
Building Commercial Credit w/ Chris Owen of J. Galt - AZ TRT S04 EP45 (208) 11-12-2023
Building Commercial Credit w/ Chris Owen of J. Galt AZ TRT S04 EP45 (208) 11-12-2023 Things We Learned This Week J. Galt Helps Small Businesses Optimize Cashflow & Manage Growth Helping Business Owners Access Loans & Credit 𝗪𝗜𝗧𝗛𝗢𝗨𝗧 Endangering Their Personal Credit & Family Assets Small Business is the backbone of a community, when it thrives, so does the community 3 Types of Credit - Personal, Business & Commercial Credit - Business need to build their Commercial Credit Guest: Chris Owen LKIN: Helping Business Owners Access Loans & Credit 𝗪𝗜𝗧𝗛𝗢𝗨𝗧 Endangering Their Personal Credit & Family Assets 𝑺𝒎𝒂𝒍𝒍 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 𝒂𝒓𝒆 𝒕𝒉𝒆 𝒃𝒂𝒄𝒌𝒃𝒐𝒏𝒆 𝒐𝒇 𝒐𝒖𝒓 𝒄𝒐𝒎𝒎𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒂𝒏𝒅 𝒕𝒉𝒆 𝒉𝒆𝒂𝒓𝒕 𝒂𝒏𝒅 𝒔𝒐𝒖𝒍 𝒐𝒇 𝒐𝒖𝒓 𝒏𝒂𝒕𝒊𝒐𝒏. When small businesses prosper, then the community also thrives. The passion I have for helping fellow entrepreneurs succeed is something I’ve fostered my entire life. As an advocate and advisor for small businesses I have seen the challenges they face firsthand. • 𝟴𝟮% 𝗼𝗳 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝗳𝗮𝗶𝗹 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝗼𝗳 𝗰𝗮𝘀𝗵 𝗳𝗹𝗼𝘄 𝗽𝗿𝗼𝗯𝗹𝗲𝗺𝘀. • 𝟮𝟵% 𝗼𝗳 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝗿𝘂𝗻 𝗼𝘂𝘁 𝗼𝗳 𝗰𝗮𝘀𝗵. And yet, 𝙡𝙚𝙨𝙨 𝙩𝙝𝙖𝙣 2% 𝙤𝙛 𝙖𝙡𝙡 𝙎𝘽𝘼 𝙇𝙤𝙖𝙣 𝘼𝙥𝙥𝙡𝙞𝙘𝙖𝙩𝙞𝙤𝙣𝙨 𝙖𝙧𝙚 𝙖𝙥𝙥𝙧𝙤𝙫𝙚𝙙. When businesses fail, they leave an average of $𝟴𝟯𝗸 𝗶𝗻 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗱𝗲𝗯𝘁 for the business owner and their family. Knowing these daunting stats, it has become my life’s mission to help protect these incredible small businesses that are the bedrock of our economy. Can you imagine what your small business would look like in 12 months if…✅ You didn’t get turned down for the loan, credit card, or line of credit you needed?✅ Your access to loans and credit didn’t impact your personal credit or put your family home at risk?✅ You had the money you needed to expand and meet new opportunities? J. Galt: We Help Small Businesses Optimize Cashflow and Manage Growth Our Proven Business Credit Building System J. Galt Finance Suite continues to strengthen the small business community by allowing Main St. to build business credit like Wall St. Member Journey Our mission is to get your business credit worthiness to a place to have access to the capital you need, when you need it. First, we ensure your business information matches Secretary of State, IRS, and Credit Agencies. Next, we verify all proper registrations are in place and cross reference data points on your credit reports. Then, we take your business credit through the vendor tiers to get you access to… $50,000 of credit within your first year and beyond. Notes: Seg 1 All business owners know, access to capital is critical. Often you need money to grow your business, or help you in emergency. Cashflow is life line of a business. When it’s not strong, this could cause big problems in the business. Your credit capacity is your ability to borrow money, especially on good terms or a lower interest rate. It is always good to have cash on hand, access to both business loans and credit lines when needed. Understanding credit, loan terms and how to raise money is crucial to a business. You also need to understand that when you borrow money (whether it is from a bank or an investor), you a partner with your lender. They will check in on you and maybe even have a say in how your business is run. Clip from: You Need to Control 3 Things in Investing – Taxes, Capital & Assets - BRT S03 EP34 (133) 7-22-2022 – Wealth for Life Things We Learned This Week Control Taxes - Tax Protection, move $ to Tax Free position, must reduce taxes to grow wealth, every $1 lost to taxes = $8 lost wealth Control Capital - Access to Capital, use w/ Leverage of 4:1 to grow Capital, & Protect Principal, Lock in Gains, grow wealth efficiently Control Assets – Acquire Assets like real estate, or stocks, or pull $ from biz income, & redeploy for passive investing to Grow Wealth more - then Repeat FED Stimulus Money $ props up Zombie Cos (weak debt ridden co’s) in S&P Index, drags good biz down Business Owners concentrate on Earning $, need Good Advisors to Protect & Grow wealth after, reduce taxes, structure LLC right Denver Nowicz, President - Wealth For Life Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’. Full Show: Seg 2. Chris Owen of J. Galt Chris works with small businesses to build their commercial credit and grow their business. They work with many different industries, with construction as a common client. There are 3 Types of Credit - Personal, Business, and Commercial. Personal Credit is the common credit for car loans, credit cards or mortgages. This credit score could be reflected on the interest rate for your mortgage or it could affect your insurance. Typically at 18 you get your first credit card and you start building your credit, you may even need your parents to cosign and be a guarantor on a car loan Business Credit which is usually the type of credit carried by small businesses is an extension of your personal credit. The owner of the business would cosign on to a business loan and give a personal guarantee. Anytime you give a personal guarantee whether on a personal loan or a business loan it affects your credit. So if the business has issues and goes down, you still owe the loan personally. Average debt of a business owner who lost their business is $80K. Basics of Business 101 - you have 3 financial statements - a profit and loss, balance sheet and the cash flow report. Very important to understand cash flow and what type of access you have to capital. Businesses use an EIN as an identifier, which is like a Social Security number for the business. This number keeps your score and is your access to corporate credit. When a business pays taxes they file their return with an EIN number. Your Corporate Credit (or Commercial Credit) profile gets billed off your EIN number, not your personal credit. This is what big corporations use to get access to capital. Fortune 500 companies like Apple, Home depot or Nike have corporate credit. It is not widely known in the business industry. You can improve your cash flow and use corporate credit to expand and grow your business. Seg 3 Building commercial credit is not widely known or discussed in business. You must be intentional about building it. Business credit and personal credit are tied together. Business credit can leverage off of personal credit. The credit can grow together or be hurt if one goes down. It is important to know the major credit agencies and what type of credit they report. The 3 big agencies are Equifax, Experian, and Dunn and Bradstreet (D&B) The average business does not have corporate credit, just business credit. 93% of the agencies do not report positive payment history so there is no regulation of this. You need to know all reports. Often the agencies are not reporting what is needed to build corporate credit. When you build a house you start with the foundation. This is no different with credit. J. Galt has 125 checkpoints to review the credit foundation. Some of the checkpoints deal with the spelling of your full legal name on all your business documents. Somewhat of an alpha numeric check. Your business name, the LLC checking if your name has your middle initial or if it’s spelled differently with different agencies. Something as simple as your name being spelled differently can deny your credit, and then you won’t know the reason why. If denied, it could take 6 to 12 months to re-apply. It is crucial that all your banking information is correct and consistent. Access to credit can be the lifeline of a business loan. If you apply for loans and get denied this could be very damaging. Seg 4 If you can build true corporate credit you can get 10x the lending credit. You also can get lower interest rates of 1 to 5% which is much better than a personal or business loan. Helping small businesses get access to credit helps the economy. 1.3 million businesses have closed in the last 2 years, most because of cash flow issues leaving an average of $80K in debt. J. Galt has a 7 Point System to build credit checkpoints 125 credit reporting get started with the 7% who you need to report to then for two years of credit open lines of credit get the best terms financing and get a credit score of 80+ J. Galt can assist with lenders contacts on when and how to apply so you achieve corporate credit. Now you can get loans for real estate, vehicles, buildings or construction, credit cards, fuel cards, etc. Credit builds to the amount of expenses you were working with. For example it could go from $50K up to $500K. The success goal is to have true tier for corporate credit and a credit score of 80+ based on a 0 to 100 score. This is the equivalent of a 720 credit score for personal credit. No. 1 killer of business is bad cash flow and a lack of capital. Business either grows or dies. OT Financial stress is real. J. Galt - Case Study Client: Trucking / Transport Company. Client went from $6900 in credit per month up to $65,000 access to capital very quickly J. Galt recommends to put half the amount of the cash access in an emergency fund Client was able to get credit scores of 96+ and total access to credit of $724,000 in under 1 year. Now the business has less stress and access to credit and can grow. Client now has access to numerous credit lines – ex: fuel credit, Home Depot, Best Buy, Roof Plus, Ford ($200K) Business Topic: Investing Topic: More - BRT Best of: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Governors Celebration of Innovation AZ Tech Council w/ Steve Zylstra + Future Innovators - BRT S04 EP44 (207) 11-5-2023
11/09/2023
Governors Celebration of Innovation AZ Tech Council w/ Steve Zylstra + Future Innovators - BRT S04 EP44 (207) 11-5-2023
Governors Celebration of Innovation AZ Tech Council w/ Steve Zylstra + Future Innovators - BRT S04 EP44 (207) 11-5-2023 What We Learned This Week , in partnership with the , honors technology leaders and innovators from across the state with the Governor’s Celebration of Innovation Awards. Interviews w/ Future Innovators Guest: Steve Zylstra, President / CEO AZ Tech Council Steve Zylstra of AZ Tech Council joins BRT to talk all things technology in the Valley. The Arizona Technology Council is one of the largest technology-driven trade associations in North America, with over 850 members and growing, the only organization specifically serving technology companies statewide. They protect innovators and truly believe that technology moves all of us forward; and are dedicated to the future of Arizona. Steve Zylstra advocates for AZ tech, as well as his recurring writing about the industry. Steve, and the Council are a major source for updates on technology, business growth, and what legislation is being drafted. The , in partnership with the , has announced the winners of the awards. Winners of this prestigious annual award program represent the best of the best in Arizona’s technology, science and education ecosystem. This year’s recipients were recognized tonight in a ceremony at the Phoenix Convention Center. “The Governor’s Celebration of Innovation award winners represent the pinnacle of innovation and cutting-edge problem solving throughout the state,” said Steven G. Zylstra, president and CEO of the Council and its foundation, SciTech Institute. “It was a pleasure to celebrate our winners, as well as the many outstanding finalists, at tonight’s awards show. Each year we are so proud to see how far Arizona has come as a leader in technology, science and STEM education.” “Each year, the Governor’s Celebration of Innovation awards showcase Arizona’s vibrant technology community,” said Sandra Watson, president and CEO of the Arizona Commerce Authority. “This year’s winners and finalists certainly carry on that tradition. We are proud to partner with the Council to highlight the entrepreneurs and local leaders making Arizona a magnet for innovative technologies.” The winners in their respective categories are: Future Innovator Awards · Siddarth Adda – Basis H.S., Scottsdale · Sruti Peddi – Basis H.S., Scottsdale · Ram Bubby – Basis H.S., Scottsdale · Baochan Fan Future Innovator Honorable Mentions · Maya Marie Schwickert – Texas Women’s Univ. · Prisha Shroff – Hamilton H.S., Chandler Notes: 1st Half Steve Zylstra of the AZ Tech Council joins the show to preview the upcoming Governor’s Celebration of Innovation Interviews with Future Innovators Awards Winners & Honorable Mentions · Siddarth Adda – Basis H.S., Scottsdale AI diagnostic tool to read for eye disease, uses app on a phone to take a picture of the eye and scan the picture for any disease issues, this can help with telehealth and make the optometry industry more efficient Siddarth has family who has eye diseases and partially blind Future Major – Biology for a Medicine career · Maya Marie Schwickert – Texas Women’s Univ. , Chemistry & Math major Maya’s Science Project reducing LED blue light on wildlife and nature Thru gelatin used seaweed to create a light cover to reduce light emissions Career objective FBI analyst 2nd Half More Interviews with Future Innovators Awards Winners & Honorable Mentions · Sruti Peddi – Basis H.S., Scottsdale Sruti’s Science Project Built an AI tool that can predict future floods and warn residents 3 days in advance of a high flood area to get away for safety, help people who do not have access to good data Sruti has family who have farms and experienced the devastation of floods Future career aspirations is to work in government and public policy · Ram Bubby – Basis H.S., Scottsdale Ram’s Science Project was to test the affect of UV light on crops to improve crop yields for agriculture, used spinach as a test crop UV light had good results helping crops grow better vs LED or fluorescent light Outdoor fields cannot keep up with demand Future career aspirations is to get a degree in environmental engineering to work in sustainability and more efficient use of energy · Prisha Shroff – Hamilton H.S., Chandler Prisha’s Science Project was an AI algorithm that can predict blood sugar levels for Diabetics based on inputting what foods they will be eating in their next meals to help manage health and give alternate ideas if not a good choice. The App User would need to enter 2 weeks of historical data, plus health information to help setup up the process. Prisha has both family and friends who have diabetes so she has seen firsthand how this info can help daily. Tech Topic: More - BRT Best of Tech: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Best of the Sports Business - AZ TRT S04 EP43 (206) 10-29-2023
11/01/2023
Best of the Sports Business - AZ TRT S04 EP43 (206) 10-29-2023
Best of the Sports Business - AZ TRT S04 EP43 (206) 10-29-2023 What We Learned This Week · Football Done Right w/ Ex-NFL GM Mike Lombardi History of the Baseball World Series w/ NYT Writer Tyler Kepner Sports Performance – Train Your Mind w/ Alex Auerbach Sports Gambling is Legal w/ Adam Candee Seg 1 - Clips From: Football Done Right, History of the NFL with Ex GM Mike Lombardi + Rick Horrow on Stadiums - AZ TRT S04 EP38 (201) 9-24-2023 What We Learned This Week · You don’t work in the NFL. You live in the NFL. – Al Davis, Raiders Owner White Oaks of Football – 5 Coaches who revolutionized how the game is played Paul Brown’s Operating System – responsible for so many of the ways football teams are run, from headsets, to play calling & playbooks, to scouting systems West Coast Bill Walsh – created an offensive philosophy by passing early to get the lead, and running late to keep the lead Pete Rozelle (former NFL Commissioner) propelled football into the #1 sport thru Television, starting with Monday Night Football in 1970 Scouting for players is about elimination, never about finding. Need a Profile to know what you are looking for. Guest: Michael Lombardi is a former general manager and three-time Super Bowl-winning executive, having spent thirty-five years working for the New England Patriots, San Francisco 49ers, the Oakland Raiders, and the Cleveland Browns, and has the distinction of the being the only person to make it to the Super Bowl with legends Bill Walsh, Al Davis, and Bill Belichick in a single career. He is the best-selling author of Gridiron Genius and appears on the top-ten sports podcast GM Shuffle in addition to hosting the daily show The Lombardi Line on the VSIN podcast network. He has appeared as a draft analyst and on-air talent for CBS Sports, Showtime, and the NFL Network, among others. He has written extensively for numerous print and digital media platforms, including NFL.com and Sports Illustrated. ABOUT THE BOOK Title: FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL By Michael Lombardi “A master class in the history, philosophy, and art of football from a man who has seen it all.” —Bill Belichick, Head Coach of the New England Patriots From “Monday Night Football” to Super Bowl Sunday, the NFL is a dominating force in the lives of millions of fans who tune in and passionately cheer for their favorite teams. And when the games are over, the conversation is just getting started. Who's the greatest player of all time? Which coaches truly shaped the game we know and love today? What was the most unforgettable game? Why is professional football such an undeniable part of our culture? In FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL (Running Press, September 5, 2023) former NFL general manager and three-time Super Bowl winner Michael Lombardi sets the record straight on these questions and more, taking readers on the ultimate journey through the NFL's history to present his calls on the greatest players and coaches the sport has ever seen. Lombardi has done it all—from scout to executive to coach—and with FOOTBALL DONE RIGHT, he tackles all aspects of the sport, channeling his 35+ years of experience with the NFL into an all-encompassing celebration of the game. Through his incisive analysis, first-person experience, and hard stats, Lombardi makes a definitive case for the most influential coaches and best players, while also honoring the many change makers, trade negotiators, and sportscasters who played an essential role in popularizing the game that we recognize today. Both a full history of the sport and a comprehensive re-imagining of the Football Hall of Fame to honor every deserving athlete and coach, FOOTBALL DONE RIGHT will change the way you watch, discuss, and debate the gridiron. Full Show: Seg 2 – Clips from: BRT Game Night - The Saban Process + the History of the World Series w/ NYT National Baseball writer Tyler Kepner - BRT S03 EP52 (151) 10-16-2022 What We Learned This Week Business of Baseball Drafting Players to Analytics, & How the game has evolved History of World Series – Game Changers - Did babe Ruth call his shot? The Process – Nick Saban’s success formula to focus on the moment, and being more fundamental & sound for each play Sports Gambling – who are the big players in the industry from sports books to Casinos Chess Strategy – how to train the mind to make better decisions Guests: TYLER KEPNER is the author of the New York Times bestseller K: A History of Baseball in Ten Pitches. He has covered every World Series game of the last two decades for The New York Times. He started his career as a teenager, interviewing players for a homemade magazine in the early 1990s. He attended Vanderbilt University on the Grantland Rice/Fred Russell sportswriting scholarship, then covered the Angels for the Riverside (Calif.) Press-Enterprise and the Mariners for the Seattle Post-Intelligencer. He joined The New York Times in 2000, covering the Mets for two seasons, the Yankees for eight, and serving as the national baseball writer since 2010. From the New York Times bestselling author of K: A History of Baseball in Ten Pitches, a highly entertaining, revelatory history of the World Series, filled with gripping behind-the-scenes stories from 117 years of the Fall Classic. The World Series is the most enduring showcase in American team sports. It’s the place where legends are made, where celebration and devastation can hinge on a fly ball off a foul pole or a grounder beneath a first baseman’s glove. And there’s no one better to bring this rich history to life than New York Times national baseball columnist Tyler Kepner, whose bestselling book about pitching, K, was lauded as “Michelangelo explaining the brush strokes on the Sistine Chapel” by Newsday. In seven scintillating chapters, Kepner delivers an indelible portrait of baseball’s signature event. He digs deep for essential tales dating back to the beginning in 1903, adding insights from Hall of Famers like Reggie Jackson, Mike Schmidt, Jim Palmer, Dennis Eckersley and many others who have thrived – and failed – when it mattered most. Why do some players, like Madison Bumgarner, Derek Jeter and David Ortiz, crave the pressure? How do players handle a dream that comes up short? What’s it like to manage in the World Series, and what are the secrets of building a champion? Kepner celebrates unexpected heroes like Bill Wambsganss, who pulled off an unassisted triple play in 1920, probes the mysteries behind magic moments (Did Babe Ruth call his shot in 1932? How could Eckersley walk Mike Davis to get to Kirk Gibson in 1988?) and busts some long-time myths (the 1919 Reds were much better than the Black Sox, anyway). The result is a vivid portrait of baseball at its finest and most intense, filled with humor, lore, analysis and fascinating stories. THE GRANDEST STAGE is the ultimate history of the World Series, the perfect gift for all the fans who feel their hearts pounding in the bottom of the ninth inning of Game Seven. Tyler / NYT: Twitter: Book Link: Full Show: Seg 3 – Clips from: Sports Performance - Train Your Mind to Be Your Best in the Present w/ Alex Auerbach - BRT S04 EP11 (173) 3-12-2023 Things We Learned This Week Mindfullness - Be in the Present, use breathing techniques to anchor in Imposter Syndrome - Q of confidence Client Psychology (30%) vs Environment (70%) - take care of your health, get sleep Sunk Cost Fallacy - resources are gone, move on Guest: Alex Auerbach, Sports Psychologist for the Toronto Rapters (NBA) Performance psychologist working with the world's best performers | Building science-backed systems for health and high performance for elite athletes, executives, and organizations Area of Expertise Include: · Wellness & Performing Under Pressure · Leadership & High Performance · Mindset Training & Systems optimization Alex is a counseling and performance psychologist currently working as an executive in professional sports. He’s been fortunate to work with the best athletes in the world in the NBA, NFL, MLB, and the Olympics. Also with high performers in other domains – including elite military units, Fortune 500 Companies, and venture backed start-ups. In addition to his training as a psychologist, he also worked as a college football coach with 2 different NFL Teams. Alex collaborated as part of several venture-backed start-ups, working in a range of roles from consultant to C-Suite. Outside of work, Alex is the father of an incredible daughter, a dog, & a husband. 3 Mindsets that separate the best from the Rest: Post - Full Show: Seg 4 – Clips from: Sports Gambling is Legal in AZ & Beyond w/ Adam Candee - BRT S02 EP19 (66) 05-09-2021 What We Learned This Week AZ legalized sports gambling 4/2021 & develop rules to start in the fall of 2021, will have similar setup to Nevada & tax rate of 6.75% Low margin business – lots of data from NV, 55% win rate by sports book and then taxes NJ legal battle, Supreme Court in 2018 - ‘Pasba’ struck down Federal ban, now a state matter, and states can legalize sports gambling (vs Federal law 1992 – only in Vegas) Sports book will be inside US arenas, just like in Europe Big Players – Caesars, MGM, Fan Duel, Draft Kings, Betfair, Sky Bet, Penn National Gaming & Barstool Sports Guest: Adam Candee w/ Legal Sports Report AZ has just legalized sports gambling, and it is due to go live in the Fall of 2021 Adam Candee is a radio host and journalist who runs the top sports gambling info websites / podcast - Legal Sports Report (.com). He joins the show to talk all things sports gambling. We cover AZ and all of the other states (like NY) who just passed the initiative also, and potential tax revenues. We talk the big players (Draft Kings, Barstool Sports) and the casinos who have thrown their hat in – Caesars, MGM. Adam tells of the history of sports gambling in the US, the growth of offshore books in the 1990s, and what we can learn from Europe’s sports betting market the last 20 years. Full Show: Sports Themed Show: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Investing in Real Estate Opportunity Zones w/ Greg Talcott of Caliber Funds - AZ TRT S04 EP42 (205) 10-22-2023
10/26/2023
Investing in Real Estate Opportunity Zones w/ Greg Talcott of Caliber Funds - AZ TRT S04 EP42 (205) 10-22-2023
Investing in Real Estate Opportunity Zones w/ Greg Talcott of Caliber Funds AZ TRT S04 EP42 (205) 10-22-2023 What We Learned This Week Caliber Co is an integrated real estate company from service to construction to investment funds The biggest idea in funds right now is Opportunity Zones - investing in below medium income areas Caliber deals can last 5+ years, with an IRR of 17% Caliber has great lenders to get good interest rates, they fund deals 50/50 - loan to equity Location - always looking for great properties w/ community to support biz + other real estate building Guest: Greg Talcott, Managing Director of Sales LKIN: Article on Greg: Experienced sales executive with a demonstrated history of working in the venture capital and private equity industry. Skilled in Securities, Asset Management, Investment Strategies, Equities, Real Estate, and Financial Advisory. Strong media and communications professional, expertise in digital marketing to niche networks such as ultra high net worth individuals. BS focused in Law & Political Science from Arizona State University. Real Estate Investment Experts Caliber is a leading vertically integrated asset management firm whose primary goal is to enhance the wealth of investors seeking to make investments in middle-market assets. We strive to build wealth for our investor clients by creating, managing, and servicing proprietary products, including middle-market investment funds, private syndications, and direct investments. Our funds include investment vehicles focused primarily on real estate, private equity, and debt facilities. We market our services through direct sales to private investors, wholesaling to investment advisers, direct sales to family offices and institutions, and through in-house client services. Caliber’s middle-market specialty allows the Company to compete with agility and speed in an evolving arena of alternative investments. Notes: Seg 1 Preview clip of Caliber Funds Real Estate Investing - Many ways to invest in real estate. You could do the DYI method, you buy a property and then manage it yourself as the landlord. You could fix and flip, where you buy a property invest in it do some upgrades, and then flip it for a profit in the short term. You could buy tax liens and get paid when the property taxes are paid off. You can invest in REITs, real estate investment trust. Similar to a Dividends stock you make money off the cash flow income to properties. There are major real estate investment funds, and this is what Caliber does. When investing in real estate there are a number of terms you should understand. Analyzing any property you on you need to know what your net operating income is. To do the calculation you take the total revenue generated by the property minus the operating expenses. Examples of operating expenses are property management fees utilities property taxes, maintenance, marketing and upkeep. Other terms of note – Cap Rate - Calculated by dividing a property's net operating income by its asset value, the cap rate is an assessment of the yield of a property over one year. For example, a property worth $14 million generating $600,000 of NOI would have a cap rate of 4.3%. ROI – return on investment Tax write offs like Depreciation, or expenses Interest rates for loans, and Refinances Valuation of property - Net operating income divided by the cap rate equals the valuation Seg 2 Greg with Caliber Funds Caliber is an integrated real estate company, that has multiple divisions - dealing from service to construction to investment funds. The company was started 15 years ago by Chris Loeffler out of Phoenix Arizona, and has since gone public. Greg works in the capital raising division, works with accredited investors, people with high net worth, institutions and family offices. Caliber has different types of funds, from growth, to income, to a balance of both. Caliber has 2000 Limited partners or LPs investing in their company. Caliber is considered the GP or general partner, the manager of the deal. Caliber takes on the management of the deal, negotiation, paperwork and bigger risk. For limited partners or LP (the investors), total risk is the capital they invested. The biggest opportunity in funds right now is opportunity zones. Income fund deals you invest for 12 to 24 months with an 11% return. More common deals are 3 to 5 years looking for a preferred return where the investor keeps the first 8% then it is an 80/20 split. Caliber has profit carried interest - Carried interest, or “carry” for short, is the percentage of a private fund's investment profits that a fund manager receives as compensation. Used primarily by private equity funds, including venture capital funds, carry is one of the primary ways fund managers are paid. Caliber shoots for deals that have a 5-year hold, with an internal rate of return or an IIR of 17%. Part of that is pass-through losses and depreciation, and tax write offs. Each investor in a 5 year deal receives a K-1 each year for their tax return. Fixed income, or note funds investors receive a standard 1099 for their tax return. Most real estate investments want to get a high return as it is an illiquidity premium. Your money could be tied up for 5 to 10 years so you should get a higher return. For investments that have a lot of liquidity like stocks, you may not expect the same type of return. Not uncommon after 3 years in a fund, there’s a liquidity event where there’s a refinance and then a capital distribution back to investors. Opportunity zones were created in 2017 with the passing of the Tax and Jobs Cut Act. These were real estate areas where there was below medium income, based on 2010 data. There are about 8700 of the zones in the US. An example could be a distressed part of town or even a college area. One of the locations that Caliber is targeting in Arizona is 80 acres, in and around the Talking Stick location by the 101. There are many tax benefits to investing in real estate. What the opportunity zones offer is to defer or possibly even eliminate capital gains over the long term. The way capital gains works with real estate, you have 180 days from a sale to put the sale proceeds somewhere or you need to pay taxes on it. Currently with the law, opportunity zones allow you to defer taxes to April 2027. There is also talk of extending this law to 2029. Seg 3 Capital gains works like this - long term capital gains is 12 months plus, and it’s at a 20% fixed federal rate. Short term capital gains work at 12 months or less, and then you pay your standard income tax rate. An Accredited Investor is someone who earns $200,000+ per year or has a net worth of investable assets of $1,000,000+. This is defined by the SEC. Caliber does a lot of education events to teach their investors about their private equity structure deals and how private equity real estate works. They often have webinars, different live events, classes and online videos. Investing in opportunity zones have many benefits. No. 1 is being able to defer the capital gains. No. 2 is there’s a 10 year hold on the investment, and then after that all appreciation is tax free. No. 3 as a limited partner you get the K-1 with the pass-through tax depreciation and other potential benefits. Caliber is the GP general partner or sponsor of the deal. The way a deal will break out as in the first 5 years you might earn zero, but in the second 5 years with a distribution in a refinance you could earn 50% plus. An example of a recent Caliber deal is they are working on a downtown revitalization of Mesa. With growth funds you can get the ROI and the tax benefits. Caliber shoots for high internal rate of return (IRR) of 15% plus where you can double your equity every 5 years. After year 5, then an 8% distribution. The goal is a 2.5x return multiple over 10 years in an investment. Typically a refinance is going to be the largest form of distribution. Another example of a recent caliber deal was a Shopping Center in north Scottsdale at Northsite & Raintree corner. A high occupancy property (strip mall) which they were able to improve on and get a return of 30+ percent after 2 years. They bought, increased tenants and amenities - then resold the property Seg 4 Interest rates always matter in real estate deals. Last 10+ years interest rates have been near zero, which has been great for real estate. Now with interest rates going up, you have to structure deals differently. Caliber brokers their deals very carefully with a 50/50 loan to value. No one deal is over levered. With more equity in a deal, you can get a lower interest rate on a loan. Caliber has a debt load of 33%. Caliber also has good relationships with specialty lenders and banks. Given the current interest rate environment, a refinance will not be as good as they were pre 2022. A sale of a good property with cash flow, is always a possibility. Especially, if you get a good enough offer. Example: Caliber bought a big property at $21 million, then 2 years later they were able to sell it at $27 million - after upgrades lease renewals etc. Anytime you own a commercial piece of real estate, there’s always the risk of no tenants. You want to de-risk the deal and buy a property with a high occupancy rate (tenants). You also get the depreciation and the steady income after the deal is closed. Rule # 1 - location, location, location. You’re always looking for a great neighborhood and the support the local businesses. This provides tailwinds to any real estate deal. You’re also looking for any other construction building in the area, for example apartment homes. Caliber has a few different funds to offer - fixed income, growth fund, core growth and income fund, opportunity zones, and syndication deals. Syndication Deals are large real estate investor deals that typically are going after bigger properties. Examples of this could be hotels being converted to apartments, or hospitals or hospitality trusts. Real Estate Topic: Investing Topic: More - BRT Best of: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Efficiency in the Supply Chain by a New Container Invention w/ Trevor Pan of BidBird - AZ TRT S04 EP41 (204) 10-15-2023
10/18/2023
Efficiency in the Supply Chain by a New Container Invention w/ Trevor Pan of BidBird - AZ TRT S04 EP41 (204) 10-15-2023
Efficiency in the Supply Chain by a New Container Invention w/ Trevor Pan of BidBird AZ TRT S04 EP41 (204) 10-15-2023 Things We Learned This Week Malcolm McLean was the inventor of the shipping Container, and a key person in trade & globalization BidBird invented a container skin, a smooth panel for the side to reduce wind resistance & improve fuel efficiency Patent process and Patent Cooperation Treaty to register an invention in foreign countries Building a Prototype and doing a road test with a Truck plus a Container on a race track Guest: Tevor Pan, BidBird Principal Architect - February 2018 - Present Undergraduate Professional Degree - Landscape Architecture, Colorado State University, Fort Collins, Colorado 2003 Master Degree - Frank Lloyd Wright School of Architecture, Scottsdale, Arizona 2006 o o THE FIRST CONSTRUCTION MARKETPLACE, AT YOUR FINGERTIPS. Trevor Pan, BidBird Founder & registered Arizona architect. Spending 21 years as an immersed in construction, manufacturing, and design, I’ve built a unique understanding of the construction industry’s constant movements and challenges. I know that construction professionals are exhausted by the RFP game—and the collusion that can come along with it. I’ve seen invasive service platforms that trap users into thinking they’re a lead generating machine, but then unethically charge them thousands with no quality results. When I set off to launch BidBird, I wanted to eliminate the red tape and corruption for suppliers, manufacturers, contractors, and building owners. And when my barber approved the irresistible alliteration of the name, BidBird was born. BidBird is the new way for construction professionals to achieve a constant-but-necessary thing: capture competitive bids for their materials through an efficient process. At its core, our mission is simple. We connect construction industry professionals around the country through an honest platform that doesn’t cost users unreasonable fees, or their dignity. With its simplicity comes big things. BidBird is an opportunity to beat out the “big guys” by just a penny, equalizing the hunt for businesses around the country. We strive to combine high-value jobs + the innovation to evolve with construction professionals’ needs to transform businesses, one bid at a time. Notes: Seg 1 Preview clip of Trevor Pan Malcolm McLean and the History of the Container This leads to a new level of capitalism, modern globalization & wider trade Malcolm Mclean is the inventor of one of the most major inventions in history that affects people daily. He is also not known by many people despite the impact he has had. McLean owned a trucking company and he used to ship goods via boat. He’d be waiting on the docks with cotton in the 1940s in early 1950s for hours. Ships would be docked for a month, as men were loading crates by hand. The same system was being done with global trade and sea trade for thousands of years. Mclean got tired of this, and trying to figure out a solution to the problem like any entrepreneur. Find a need and fill it. January 1956 - he debuted the box ship. McLean got a $22 million loan & bought 2 World War II tankers and converted them. In April 1956 the first one sailed from New Jersey to Houston. This cut cost from 5.86 per to $.16, a 95% drop or 36 fold savings. Oct.1957 - the first real containership Gateway city launched. Trip went from New York to Florida to Texas and then on later to Puerto Rico. Per McLean, ‘the ship makes money when at sea’. In 1963, container ports had been created, by 1966 in Europe, 1967 Vietnam had container service, and 1969 Hong Kong and more Southeast Asia. McLean got a patent which is shared, called – standardization, and the standardize size container for shipping. He created a company, called Sealand Industries - which was then bought by RJ Reynolds. Eventually they were mergers and oil companies that bought out the line and today it’s on by . Goods are shipped today for pennies on the dollar, all because of McLean‘s invention. He changed global trade, shipping, oil exploration, and more. It’s a multi trillion dollar invention. It also created port cities like Oakland. Every day it affects all sorts of goods and trades finance, big companies like Walmart and Apple. Not sure if we would have globalization if not for Mclean. At least not as fast. More Info on Malcolm McLean: Seg 2 Trevor Pan of BidBird created a skin for a shipping container. Smooth out the side of the container and stops wind drag and the grooved pockets that are trapping air. It is a panel that is magnetically put on the side of a container. Saves mileage and fuel efficiency with truckers, likely will have the same effect on trains. Could even help fuel efficiency on freighter ships which are carrying 10 containers stack tie and 1000 feet long with hundreds of containers on a ship. Trevor started the company in 2020, with his background as an architect. Also has experience in coding and engineering. He has created construction materials. This led to him researching freight from East Asia to build and create its construction materials. Meanwhile the time during Covid and 2020 shipping rates were off the coast of California with the supply chain issues. Created his container skin and got the patent in July 2021. Seg 3 Process for an invention First, come up with the idea, which is easy. Then have to do a patent application. Now to the hard part, build a prototype. Then to the hardest part - you have to market and sell your initial product. Find the problem, solve a problem, create the solution, & find a client to sell to. Trevor did his own patent filing. Trevor had a background already with his design skills and had done a patent for previous inventions. Also did his own legal paperwork. Patents for shipping container scan. Under utility patents, which are patents for machines. Normally you would hire a patent agent or an attorney to file your patent but Trevor read the Pressman and did it himself. He was so obsessive, that he actually read a 6 Volume set on patent claims, which was over 2400 pages and took almost 6 months. Also got a Patent Cooperation Treaty so you do the work one time with filing the patent and then you can use the same patent template in multiple countries. The Patent Cooperation Treaty (PCT) assists applicants in seeking patent protection internationally for their inventions, helps patent offices with their patent granting decisions, and facilitates public access to a wealth of technical information relating to those inventions. By filing one international patent application under the PCT, applicants can simultaneously seek protection for an invention in a . He is working on building a prototype to prove that his container scan is aerodynamic and would work on a real road test. He has contacted major industrial companies like Piedmont Plastics to build machine grade plastics. Also used a 3-D printing machine to create a mini prototype. Trevor has done the math to keep the magnets and panels on the side of a truck driving down the highway at 65 miles an hour. Regarding the marketing and sale of the product, Trevor actually contacted the top 6 logistics companies in the US and got little to no response. Seg 4 Big logistics companies like JB Hunt did not even respond to Trevor on his idea. Trevor has worked to sell his idea organically. He went to in London as well as a also in the London area being put on by the Economist. He was able to talk with the business and trade department in the UK. Has a contact who is a trucker, and would rent a raceway to test his prototype container skin on the road. Have to have flexibility to get a good idea going. Is also working on buying a shipping container. Researching shipping containers, you can get one for $500 from Russia. Putting together a patent, you have to do a search report to see if someone has an already patented the idea. This takes upwards of 1 year to file a patent. Trevor also reached out to government organizations about the fuel efficiency with his product. Reached out to the , to see about certifying the aerodynamic capabilities. The EPA contacted him but is not going to move forward with it. He also contacted an environmental organization in the state of California and did not get anywhere. Question: Since Trevor still needs to do the prototype and show a real world road test, is it too early to contact organizations as potential sponsors or clients? Sometimes the idea is too early, and the world is not ready yet. Tech Topic: More - BRT Best of Tech: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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The Brains of the Tech Industry - Semiconductors w/ Rohan AZ TRT S04 EP40 (203) 10-8-2023
10/11/2023
The Brains of the Tech Industry - Semiconductors w/ Rohan AZ TRT S04 EP40 (203) 10-8-2023
The Brains of the Tech Industry - Semiconductors w/ Rohan AZ TRT S04 EP40 (203) 10-8-2023 Things We Learned This Week Semiconductors (Microchips) are in so many of the common everyday devices people use: cell-phones, tablets, laptops, cars, TVs, fridge, etc Valuation of Pay in Tech Jobs - combo of salary, bonus, benefits, stock options & growth potential Carbon Neutral is the eco-goal of many tech co’s & Gov’t by 2050, will require R&D, new materials Tech Talk & the Future.... AI, Turing Test, Recommendation Model, Moore’s Law, & more Guests: Rohan Raghunathan – Product Mgr – Semiconductor Industry Rohan graduated from ASU with a degree in Electrical Engineering, and also attended Cornell Univ for his MBA. Prior to working at On Semi in 2019, he was at Pwc as a Management Consultant in tech, and a Product Engineer at Microchip. He also had his own startup called Bioscope. Notes: Seg 2 What are semiconductors? Cost of semi conductors in a standard car used to be around $100 per car. Now with modern EVs it’s around $1500 per car, about 10X the cost that it used to be. There are probably thousands of micro chips in each car. The microchip serves as the brains behind the equipment, all electrical equipment nowadays have chips. It’s the semiconductor micro chips and smart houses, the fridge, locks, ring doorbell. All sorts of devices have chips from an Amazon Alexa to your mobile phone to a tablet to a laptop. What has changed in the last few years is the size of the chip in the power of the chip. Moore’s Law with technology gets more powerful and cheaper every 18 months. Moore's law is the observation that the in an (IC) doubles about every two years. Moore's law is an and of a historical trend. Rather than a , it is an linked to in production. The observation is named after , the co-founder of and (and former CEO of the latter), who in 1965 posited a in the number of components per integrated circuit, and projected this rate of growth would continue for at least another decade. In 1975, looking forward to the next decade, he revised the forecast to doubling every two years, a (CAGR) of 41%. While Moore did not use empirical evidence in forecasting that the historical trend would continue, his prediction held since 1975 and has since become known as a "law". Companies like Nvidia make a very powerful microchip, that can process today’s AI needs. Chips are made of different materials. What you’re going to see now is chips of silicon carbide that can handle 100 kW up to megawatts. This new type of material and ship will be needed for chargers and EV cars. Chips need to be faster to handle new technologies like AI. The processing data goes so quick with these recommendation models and the software that learns. Seg 3 Stocks and the Tech Industry A lot of tech companies have had stocks that have gone up tenfold through the years so stock options are very common in pay for employees. You could offer the restricted stock unit which is part of the compensation. Tech industry has made tons of millionaires through the years with the biggest example being Microsoft. How to value a company with your compensation. In this example Rohan previously was at a $45 billion market cap company. He changed jobs last year to a company that’s valued between $5 to 7 billion. If the company is worth $40 billion, it’s very hard to 5X, and have the company grow to a valuation of $200 billion. It might have a 2X jump and be close to $80 billion. Very hard though to grow margins and revenues, especially in the semiconductor industry which is cyclical. So it’s unlikely the company would grow 5X, especially if it’s already at an $80 billion valuation. On the other side though for a company that’s valued at $5 billion, it could easily scale and grow 5 to 10 X in size and a value up to $50 billion. The pay setup for many technology companies is very similar with the benefits they get like health benefits, 401(k) retirement benefits, and health savings account. Typically your salary is your pay, and stock part of the compensation. Also a employee stock purchase plan, restricted stock and then usually a cash bonus. Do you want to create value as you build your career? To be better in your career, you really need to be learning yearly just to keep up with your industry. Creating value plus having specific business knowledge is the way to get ahead in your career. Semiconductor industry is a very specific type of technology industry. They’re creating these micro chips and it takes upwards of 5 to 10 years just to develop the chip and its power output. Then it could take even longer for the fine-tuning and testing. Seg 4 What is the future of semiconductor industry? AI is currently the biggest thing in the technology industry and what will happen with automated software the next few years. Taiwan semiconductor or TSMC is working on a sub 10 nm chip. Also the advances in artificial general intelligence. AI is trying to determine if it can pass the Turing test. This is a set of questions created by Alan Turing considered the original computer engineer from the 1940s. You’re basically having a human versus a computer and through this list of questions you can judge whether it’s a human or a computer or giving me answers. If you can’t determine that then the computer has passed the Turing test and hasn’t shaved intelligence. The Turing test, originally called the imitation game by in 1950, is a test of a machine's ability to equivalent to, or indistinguishable from, that of a human. What are you seeing with AI it’s broken Moore’s law and things are moving faster. Technology is dealing with the issue of what carbon footprint it leaves as it grows. Many governments have created a mandate to be carbon neutral by 2050. Energy is a big part of this and the transition to clean energy. Major example is electric vehicles. The natural resources for chips and batteries may not be the best for a future of clean energy. There is a lot of R&D in technology right now to build better batteries and even recyclable materials. Currently using lithium ion, or cobalt and silicon which is just sand. Also other rare earth elements and common materials like silver. Electrification of heavy equipment over time, like trains, trucks and construction vehicles will add to more clean energy. The next wave is battery technology charging stations. The expectation is they will use more material like silicon carbide. Silicon carbide (SiC), also known as carborundum (), is a hard chemical compound containing and . A , it occurs in nature as the extremely rare mineral , but has been mass-produced as a powder and crystal since 1893 for use as an . Grains of silicon carbide can be bonded together by to form very hard that are widely used in applications requiring high endurance, such as car brakes, car clutches and in . Large single crystals of silicon carbide can be grown by the and they can be cut into gems known as synthetic moissanite. Electronic applications of silicon carbide such as (LEDs) and in early radios were first demonstrated around 1907. SiC is used in semiconductor electronics devices that operate at high temperatures or high voltages, or both. More on Semiconductors: Seg. 1 - Clip from Rohan’s first appearance Semiconductors & Cars w/ Rohan of On Semi - BRT S03 EP12 (111) 3-20-2022 Things We Learned This Week · Onsemi & Fresscale were a spinoff of Motorola, IPO in 2000 Onsemi makes tech for cars, power steering and AI sensors, plus more · Many Tech and Car Co’s in Phoenix area: Rivian, Lucid, Atlas, Nicola, Intel, Onsemi, Microchip · AZ State has advantages that recruit these Tech Co’s - weather, government subsidies, low regs, no natural disasters, no disruption to supply chain · Chip Supply Chain issues – dates back pre-pandemic, circa 2019, did not keep up with demand, especially cars Full Show: Tech Topic: More - BRT Best of Tech: Best of Biotech from AZ Bio & Life Sciences to Jellatech: Biotech Shows: AZ Tech Council Shows: *Includes show from 2/12/2023 ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Rethinking What is an Asset - AZ TRT S04 EP39 (202) 10-1-2023
10/05/2023
Rethinking What is an Asset - AZ TRT S04 EP39 (202) 10-1-2023
Rethinking What is an Asset AZ TRT S04 EP39 (202) 10-1-2023 What We Learned This Week: Knowledge as an Asset Industry You Work in as an Asset Your Network as an Asset Leverage as an Asset Focus as an Asset Traditional Investment Assets – Appreciating vs Harvesting Notes: Asset - a useful or valuable thing, person, or quality. Knowledge as an Asset Having a particular skill, and knowing how to solve unique and hard problems can be invaluable. If you’re an employee or a consultant, you could charge more for your services. Likewise, if you are well-versed in your industry and you know the right contacts on how to solve problems this can also be very valuable. Your knowledge and expertise creates value. Tony Robbins quote – ‘You get paid for the value you provide.’ If people see you as someone with the answers then you are now in demand. You become the trusted advisor in the net work, your status is raised, and hence you can charge more. The knowledge could be of key contacts, can be information, or key expertise. Bottom line, if you solve people’s problems, you become very valuable to them. The Industry you Work In as an Asset Is the industry you are in, ascending or descending? Technology has been called deflationary because over the last 40 years it has gone up, from income, to salaries, and to stock prices. By contrast if you were a worker on a manufacturing line you have likely been replaced by automation and robots. If you have chosen a career in a growing industry, rising tide raises all boats. You could have great success and opportunities for promotion because the industry is ‘on fire’. When choosing careers, you look for industries are trending up Your Network as an Asset The old adage - your network is your net worth. Knowing the right people and having good contacts can be a game changer in almost any industry. ‘You are the average of the five people you spend the most time with’. – Jim Rohm This could be a good mentor or a coach helping your career. This could be a manager or boss who champions you and helps you advancing your career. This could be good professional contacts that help refer business, or can provide funding. Also, your advisory group who helps you with key decisions and business ideas. You want to be the dumbest person in a room. If you associate with successful people then you have the potential to be successful. Again, rising tide raises all boats. Leverage as an Asset If you know how to use leverage - to get more done with less, this can be very valuable. If you can get more done in less time, or outsized returns with less resources this helps to scale wealth and businesses over time. An example of this is using technology to leverage your time, your schedule, and your output. Numerous apps and software programs can save people hours per week and lots of time over 1 year to 5 years. Leverage could come in the form of a business loan used to grow your business faster to make better returns. Leverage could be an example of either employees work for you or a virtual assistant who helps save you time so you can focus on your core job. Focus as an Asset Understanding what you are good at, and what your skills can give it the most value. Understanding what industry you are in and how you can help people. Focusing on these core skills, doing only a few things, but you do them very well. It’s this focus, and being the best with one thing can be quite valuable. Diversifying too much in your career can be unfocused, and scattered. Typically if someone needs help they want to hire the best person for the job. Someone who is an expert in that particular field, that they need help. Bonus - Traditional Investment Assets How to evaluate, and value investable assets. Clip from: Assets – Appreciating vs. Harvesting - BRT S03 EP26 (125) 6-17-2022 – Wealth for Life Things We Learned This Week Appreciating Asset – buy low, sell high, buy an asset and hope it goes up in value – ie Stocks,, Gold, Art, Real Estate, Crypto Harvesting Assets – Assets that give off income, or cash flow - ie Real Estate rental property, owning a business, dividend stocks, REITs, etc. Stock market is not Efficient at capturing gains, have to sell at the right time to gain the value of the asset – harvesting Assets can also appreciate while giving off income Assets act as a hedge vs. inflation - money sitting in cash, loses value to inflation, purchase an asset that goes up in value more than inflation. Past – people had pensions, savings, & social security to rely on, today have to create your own retirement plan – use Tax Buckets and move money into a long term Tax Free position Co-Host: Denver Nowicz, President - Wealth For Life Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’. Assets – Appreciating vs. Harvesting Assets: Appreciating vs. Harvesting There are many different Assets you can invest in. Common asset classes are Stocks, Bonds, Gold & Real Estate. There are Alternative assets like Crypto, Art, Private Equity, etc. The classic idea is you buy an asset as an investment with the idea it will appreciate over time so it is worth more when you sell it. Buy low, sell high. It also may act as a hedge vs inflation. Instead of having your money sit in cash, and lose money to inflation, you purchase an asset that goes up in value more than inflation. What is rarely discussed is the concept of Appreciating Assets vs. Harvesting Assets. What's the difference? Appreciating Assets are the assets mentioned above, where the plan is to buy low, wait for the appreciation, then sell high. You do not capture the gains until you sell. You gain value on paper, but if you wait too long to sell, you could miss the appreciation. Likewise if they lose value but you do not sell, then only a paper loss. Stocks are a classic example. 'If I just sold last month, I would have made 25%, instead of 15%.' You have to time it right. Other examples are Gold, Art, most Crypto, certain types of Real Estate (Land for example with nothing build on it yet). These assets are only valuable when they appreciate, and if you sell at the right time. Harvesting Assets are assets that get interest, or give off profits, or cash flow. You are able to capture some of the gains from the asset. Examples are: Rental Real Estate - get rental income, plus expense write offs, plus depreciation *** Bonds - collect interest during the term, and receive the full value if held the entire term *** Dividend Stocks - receive payments quarterly from the co. *** REITs - pays out 90% of income as dividends to investors *** Crypto that is Staked - receive interest payments while staking *** Covered Call Options - collecting premium on stocks you own, by renting them out *** Business - that is profitable, and gives off cash flow Index Life Insurance - receive credited interest during the term *** Asset value can go up or down in the holding period In fact many of the above Harvesting examples can all be both Appreciating and Harvesting Assets: Rental Real Estate, Bonds, Dividend Stocks, REITs, Cash Flowing Business, Index life Insurance, etc. Full Show: More Info on WFL and Tax Free Matching: Wealth For Life Topic: Link to Taxes Show on 10/31/2021 w/ Denver: Link to Offense / Defense Show on 6/6/2021 w/ Denver: Link to Shows, Denver was a Guest: Investing Topic: ‘Best Of’ Topic: Thanks for Listening. Please Subscribe to the BRT Podcast. AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business. AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving. Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… AZ TRT Podcast Home Page: ‘Best Of’ AZ TRT Podcast: Podcast on Google: Podcast on Spotify: More Info: KFNX Info: Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.
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Football Done Right, History of the NFL with Ex GM Mike Lombardi + Rick Horrow on Stadiums - AZ TRT S04 EP38 (201) 9-24-2023
09/27/2023
Football Done Right, History of the NFL with Ex GM Mike Lombardi + Rick Horrow on Stadiums - AZ TRT S04 EP38 (201) 9-24-2023
Football Done Right, History of the NFL with Ex GM Mike Lombardi + Rick Horrow on Stadiums - AZ TRT S04 EP38 (201) 9-24-2023 What We Learned This Week · You don’t work in the NFL. You live in the NFL. – Al Davis, Raiders Owner White Oaks of Football – 5 Coaches who revolutionized how the game is played Paul Brown’s Operating System – responsible for so many of the ways football teams are run, from headsets, to play calling & playbooks, to scouting systems West Coast Bill Walsh – created an offensive philosophy by passing early to get the lead, and running late to keep the lead Pete Rozelle (former NFL Commissioner) propelled football into the #1 sport thru Television, starting with Monday Night Football in 1970 Scouting for players is about elimination, never about finding. Need a Profile to know what you are looking for. Guest: Michael Lombardi is a former general manager and three-time Super Bowl-winning executive, having spent thirty-five years working for the New England Patriots, San Francisco 49ers, the Oakland Raiders, and the Cleveland Browns, and has the distinction of the being the only person to make it to the Super Bowl with legends Bill Walsh, Al Davis, and Bill Belichick in a single career. He is the best-selling author of Gridiron Genius and appears on the top-ten sports podcast GM Shuffle in addition to hosting the daily show The Lombardi Line on the VSIN podcast network. He has appeared as a draft analyst and on-air talent for CBS Sports, Showtime, and the NFL Network, among others. He has written extensively for numerous print and digital media platforms, including NFL.com and Sports Illustrated. ABOUT THE BOOK Title: FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL By Michael Lombardi “A master class in the history, philosophy, and art of football from a man who has seen it all.” —Bill Belichick, Head Coach of the New England Patriots From “Monday Night Football” to Super Bowl Sunday, the NFL is a dominating force in the lives of millions of fans who tune in and passionately cheer for their favorite teams. And when the games are over, the conversation is just getting started. Who's the greatest player of all time? Which coaches truly shaped the game we know and love today? What was the most unforgettable game? Why is professional football such an undeniable part of our culture? In FOOTBALL DONE RIGHT: Setting the Record Straight on the Coaches, Players, and History of the NFL (Running Press, September 5, 2023) former NFL general manager and three-time Super Bowl winner Michael Lombardi sets the record straight on these questions and more, taking readers on the ultimate journey through the NFL's history to present his calls on the greatest players and coaches the sport has ever seen. Lombardi has done it all—from scout to executive to coach—and with FOOTBALL DONE RIGHT, he tackles all aspects of the sport, channeling his 35+ years of experience with the NFL into an all-encompassing celebration of the game. Through his incisive analysis, first-person experience, and hard stats, Lombardi makes a definitive case for the most influential coaches and best players, while also honoring the many change makers, trade negotiators, and sportscasters who played an essential role in popularizing the game that we recognize today. Both a full history of the sport and a comprehensive re-imagining of the Football Hall of Fame to honor every deserving athlete and coach, FOOTBALL DONE RIGHT will change the way you watch, discuss, and debate the gridiron. “The stories in Football Done Right reveal who made the NFL into the greatest league on Earth. Michael Lombardi has had success at every level of the league and this love letter to the game is a must read.” —Pat McAfee, Host of The Pat McAfee Show on ESPN and Former NFL Player “For the past 40 years, Michael Lombardi has had a front row seat to football history, working for and advising legendary men such as Bill Walsh, Al Davis and Bill Belichick. Now he has packaged all the greatness he observed into this gift of a book.” —Adam Schefter, ESPN Senior NFL Insider Notes: Seg 2 ‘You don’t work in the NFL. You live in the NFL.’ – Al Davis, Raiders Owner ‘You can’t connect the dots looking forwards…but backwards.’ – Steve Jobs, Apple ‘There is winning, and there is misery.’ – Coach Bill Parcells Canton, Ohio – the NFL is formed in 1920 with 11 teams Mike Lombardi worked in the NFL 20+ years. He worked with some of the NFL grades like Bill Walsh, Al Davis and Bill Belichick. He agrees with Al Davis that you definitely live in the NFL. It is dark when you go to work and it is dark when you get home. NFL started in 1920, but it wasn’t until the late 1950s that it was on TV and started to become a very popular national game. From the 1920s to the 1950s college was more popular than the NFL. People knew their college teams and football was more of a regional sport. The Five White Oaks of the NFL These are 5 coaches that Mike has identified that helped to modernize the game. The white oak phrase comes from the movie The Shawshank Redemption. The tree is a symbol of redemption with the deepest branches, like a coaching tree in the NFL. Red Blaik and the Lonely End Coach Red Blaik coached at Dartmouth in the Ivy League and then Army. He is known for the lonely end, or spreading out the wide receivers and using the whole field to play. He coached in the 1940s in the 1950s. He had 2 very famous assistants at Army - Tom Landry coaching the Defense and Vince Lombardi coaching the offense. Landry went on to coach the Cowboys and Lombardi went on to coach the Green Bay Packers. Both won Super Bowls and are in the Hall of Fame. Clark Shaughnessy and the T Formation He coached in the 1940s through the 1960s and is known for modernizing the single wing formation and how players lineup in formations. He created the first real modern passing formations with an emphasis on the quarterback, not the running back being the most important player. Paul Brown’s Operating System Paul Brown of the Cleveland Browns, and later the Cincinnati Bengals He created the operating system and really turned coaching into a profession with specialties. He taught a culture of leadership and instruction. His most famous assistant was Bill Walsh who will go on to the Hall of Fame as the coach of the 49ers and creator of the West Coast offense which was started under Brown with the Bengals So many of the modern things we see with football were created by Paul Brown - like the headset for the coaches to call in the play to the quarterback, how play-calling was done and the playbook. He also organized the system for scouting, how you pick players, 40 yard dash and how to profile players. Seg 3 Coaches continued Sid Gilman and the Long Ball Sid Gilman was an assistant with Red Blaik Worked with Fanatical Francis Schmidt of Ohio State wanted to pass all the time, but not accepted in Ohio Developed numerical passing game, passing and play design West Coast Bill Walsh West coast offense was a philosophy based on ball control offense Pass the ball early to score, run the ball later to keep the lead Y motion passing game, QB footwork, and timing of routes Script plays to start game Horizontal passing game, the nickel and dime pass with high percentage throws to get the ball to the receiver in space, so then they can run after the catch TV & the Power of the Brand of the NFL TV in the 1970s, there were 3 channels. The NFL Commissioner, Pete wanted to get one national game airing weekly. He contacted all three networks and eventually struck a deal with ABC for Monday night football. Howard Cosell was the fire brand polarizing host. At the time bowling was the Monday night event, and football ended that. Miller Brewing was a regional brand who advertised on Monday Night Football and become a major national beer brand. Scouting Scouting is all about elimination, never about finding. You have to create a set of criteria for players, a profile of the player you want. Just like the FBI creates profiles for criminals. You look for those traits on your profile list. You know what you’re looking for and have a system for finding that player. You eliminate the players who don’t fit the profile to whittle it down and find the right player. It’s not random or chaotic but an organized system of picking players. What are you looking for in a QB? Per Mike, the QB has to have instincts and can play the position. Also needs to be a leader and have a work ethic. The QB must be the hardest worker on the team. With those instincts the quarterback has to see what others don’t see on the field. Good quarterbacks are born with these instincts. Seg 4 – Interview Replay from early 2023 Clip from - BRT Entertainment – Sports Business w/ Rick Horrow, Aliens & X Files w/ Nick Pope, + Hollywood w/ Corbin Bernsen - BRT S04 EP09 (171) 2-26-2023 ABOUT RICK HORROW Rick Horrow, one of the pioneers who has shaped the sports industry since 1972, has brought together over 100 industry leaders with insights on the history and future of the industry in his new book, The Sport Business Handbook: Insights from 100+ Leaders Who Shaped 50 Years of the Industry, published by Human Kinetics and now available at Amazon.com and other bookstores. As CEO of Horrow Sports Ventures, Horrow has been the architect of more than 100 deals worth more than $20 billion in sports, performing arts, and other urban infrastructure projects. Horrow pioneered the public/private partnership and infrastructure branding concepts that, to date, has enticed more than $4 billion in corporate funding to cities and development projects. Horrow's clients have included the NFL, NHL, Major/Minor League Baseball, U.S. Polo, PGA Tour, NASCAR, Great White Shark Enterprises (Greg Norman), Ladies PGA, Professional Golf Association, Major League Soccer, plus multiple pro sports teams in Baseball and Basketball He has been a key player in stadium, arena, and speedway deals in NYC, LA, Chicago, Miami, Orlando, Boston, Denver, Seattle, San Fran, Phili, Detroit, Cleveland, and many other cities. Horrow has also brought sports and entertainment ventures into Brazil, Argentina and Trinidad & Tobago, among others. ARTICLE FROM MORNINGCONSULT.COM ON PREDICTIONS, STORYLINES & EVERYTHING ELSE THE SPORTS INDUSTRY IS WATCHING IN 2023 ARTICLE FROM SPORTSPROMEDIA.COM ON MLB REJECTING SPORTS BALLY SPORTS' STREAMING PROPOSAL Notes – Rick Horrow sports professor, book sports business handbook Major cities want to have sports franchises from the big four. They want to attract big sporting events like golf tournaments, business conventions, the Super Bowl, college bowl games, or an Amazon shipping site. This has a huge economic impact for a city, plus it gives it constant media and PR when events are located at that city. For example Phoenix is hosting the Super Bowl, and phoenix gets mentioned hundreds of times in a week on TV or thousands, and millions on the Internet and blogs. It is very difficult to buy the type of PR that you get from media coverage on the big events. This is why cities like Miami, Dallas, Los Angeles, San Fran, Vegas and Phoenix are always being talked about is destinations. There is a lot of coordination involved along with public investment to get these major events at a city. The governor is involved, county people, and the mayor who usually takes the lead. Cities have departments of economic development specifically for these tasks. It requires often a vote from the public, as well as public investment. What is going to be the ROI on having an event. What type of tax revenue do you get from travel, visitors, and hotels. On top of that there is community pride, so then people want to move to that city. Rick is the editor of the sports handbook, and had numerous sports figures write a chapter, and also Coach K wrote the forward. He worked with Jerry Colangelo, Paul Tagliabue former NFL commissioner, Ryan Anderson of ASU fame, and Derek called of the baseball Diamondbacks. Sports, sporting events and even events around sports have become a CTV. An example of this is the NFL draft or the NFL combine. Sports transcends TV, and becomes a worldwide global event. Radio city music Hall in New York used to host the NFL draft every year. They let that deal lapse and now the NFL draft is a traveling tour every year. NBA free agency, NFL free agency, has made these sports year-long events. People talk about the trades and the draft often in the off-season. In 2010 it was a major TV event on ESPN called the decision when the LeBron chose the Miami Heat in free agency. Full Show: Seg. 1 – Pete Rozelle and the History of TV & the NFL Alvin Ray "Pete" Rozelle (; March 1, 1926 – December 6, 1996) was an American businessman and executive. Rozelle served as the of the (NFL) for nearly thirty years, from January 1960 until his retirement in November 1989. He became the youngest commissioner in NFL history at just the age of 33. He is credited with making the NFL into one of the most successful sports leagues in the world. During his tenure, Rozelle saw the NFL grow from 12 teams to 28, oversaw the creation of large television-rights deals and the creation of in 1970, oversaw the 1970 and the creation of the , and helped the NFL move from a twelve-game schedule to a sixteen-game schedule. By the time of his retirement, many people considered him the most powerful commissioner in sports. He was inducted into the in 1985. History of the NFL on TV Later in 1955, NBC became the televised home of the NFL Championship Game, paying $100,000 to the league. The played at between the and the went into sudden death overtime. This game, since dubbed the "Greatest Game Ever Played," was watched widely throughout the country and is credited with increasing the popularity of professional football in the late 1950s and early 1960s. began to televise selected NFL regular season games in 1956. By 1959, big-market teams such as the Bears and Giants had all their games televised, but small-market ones like the Packers and 49ers still did not. Upon becoming NFL commissioner, Pete Rozelle worked to ensure that every team got all its games on TV. Super Bowl 1 The first was played on January 15, 1967 between the NFL champion Packers and the AFL champion Chiefs. As CBS held the rights to nationally televise NFL games and NBC had the rights to broadcast AFL matches, it was decided that both would cover that first game. The next three AFL-NFL World Championship Games, the initial , were then divided by the two networks: CBS broadcast Super Bowls and while NBC covered . Monday Night Football ABC also agreed to televise one regular season game per week on Monday night. ABC aired its first edition of on September 21, . MNF pushed the limits of football coverage with its halftime highlights segment, occasional banter from and Don Meredith, and celebrity guests such as , and . During its 36-year run on ABC, Monday Night Football consistently ranked among the most popular prime time broadcasts each week during the season. The Heidi Game or Heidi Bowl is the name given to a (AFL) game between the and the visiting . The contest, held on November 17, 1968, was notable for its exciting finish, in which Oakland scored two in the final minute to win the game 43–32. However, a decision by , the game's television broadcaster, to break away from its coverage on the to broadcast the caused many viewers to miss the Raiders' comeback. How Much Sports Matter (or Don’t) to Network Viewership Fox and NBC got more than a quarter of their primetime audience this season from live sports, while ABC and CBS are less dependent. 5/2022 is on pace to finish third in total viewers among the broadcast networks this season, with an average primetime audience of about 4.7 million viewers. The network can thank its various sports rights packages — the NFL and Major League Baseball chief among them — for that position. Stripping out sports from Fox’s primetime ratings for the season would put the network at under 3 million nightly viewers — 2.96 million, to be precise. Fox is something of an outlier among its fellow broadcasters, Nielsen data from the last two seasons show. also owes a sizable portion of their viewership to sports, while likes to tout its viewership independent of it. occupies something of a middle ground. Nonetheless, the outsized effect sports can have on network audiences speaks to why rights to such programming have skyrocketed in recent years. With live sports consistently the most reliable way to get people to watch linear TV (and the commercials that come with it), networks pay hefty premiums to secure those rights and the audiences that tend to follow. The NFL’s annual revenue may increase by $2.3 billion a year due to widely available, legal, regulated sports betting, according to new AGA research. The study analyzes the revenue streams that legal sports betting could generate for the NFL: revenue as a result of spending from betting operators on advertising, data and sponsorship, and revenue generated as a result of increased consumption of the league’s media and purchasing of products. Fantasy football is an $18.6 billion market.That's $6 billion more than the current estimated NFL revenue, and 4.5 times the current value of the NFL's top flight team, the Dallas Cowboys. In other words, fantasy football might be more valuable than the real thing. Total revenue of the NFL 2001-2022 In 2022, the 32 teams of the National Football League (NFL) generated a total revenue of approximately 18.6 billion U.S. dollars, which was an increase of over one billion U.S. dollars from the previous year.Sep 5, 2023 Annual value of NFL national TV broadcast deals in the U.S. 2023 Published by Aug 31, 2023 As of August 2023, ESPN/ABC's deal for exclusive rights to broadcast Monday Night Football was worth an average of approximately 2.7 billion U.S. dollars annually. This deal, which could last until 2032, was the largest among NFL broadcasting packages in the United States. The second most lucrative deal was Fox’s package for Sunday NFC, which had an annual worth of nearly 2.3 billion U.S. dollars. While it’s difficult to place a valuation on the NFL as a whole, the league’s 32 franchises were worth a combined sum of more than $91 billion as of last September, according to . The average NFL franchise has a valuation of $2.86 billion, up 11 percent...
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