Podcasts about CompuServe

On the podcast today we have Wes Tatters, and he's here to discuss the evolution of the internet, from early tech days and community-building on platforms like CompuServe, to the emergence of open-source projects and the rise of WordPress. Wes reflects on the transition from closed platforms to owning content and highlights the importance, and challenges, of online communities. He touches on the impacts of social media, AI, and the self-correcting nature of internet communities, while examining the strengths and growing pains within the WordPress ecosystem. The conversation underscores the enduring value of openness, collaboration, and listening. If you're interested in how the history of the internet directly shaped WordPress, the open web, and the communities we build today, this episode is for you.

On the podcast today we have Wes Tatters, and he's here to discuss the evolution of the internet, from early tech days and community-building on platforms like CompuServe, to the emergence of open-source projects and the rise of WordPress. Wes reflects on the transition from closed platforms to owning content and highlights the importance, and challenges, of online communities. He touches on the impacts of social media, AI, and the self-correcting nature of internet communities, while examining the strengths and growing pains within the WordPress ecosystem. The conversation underscores the enduring value of openness, collaboration, and listening. If you're interested in how the history of the internet directly shaped WordPress, the open web, and the communities we build today, this episode is for you.

Along with the rest of the morning's headlines, we'll have a little fun remembering the early days of the internet—when the information superhighway was more like a gravel road by comparison. At the time, Alta Vista, Ask Jeeves, and CompuServe were superstars for early users. How many others do you remember? Mornings with Pat Kreitlow airs on several stations across the Civic Media radio network, Monday through Friday from 6-9 am. Subscribe to the podcast to be sure not to miss out on a single episode! To learn more about the show and all of the programming across the Civic Media network, head over to https://civicmedia.us/shows to see the entire broadcast line up.

Have an idea or tip? Send us a text!Journey with us as Philippa Gamse from Websites that Win shares her captivating story of navigating the digital revolution. From the early days of CompuServe to the modern marvels of remote work technology, Gamse provides a window into the transformative power of online communication. Her experiences in ushering organizations from the era of fax machines to the convenience of email underscore the rapid technological advancements that have reshaped how businesses operate today. With a keen focus on the photo industry, she unravels the critical role that optimized websites now play in connecting and engaging with audiences.Prepare to unlock the secrets of website traffic and marketing effectiveness with Gamse's expert insights on visitor intent and analytics. Discover the nuances of attracting the right audience, as she compares the quality of leads from social media versus search engines and stresses measuring the true impact of your marketing budget. Delve into the complexities of search engine optimization, particularly for businesses with intricate products, and learn how video content can revolutionize user engagement. With real-world examples and strategic advice, Gamse equips you with the tools to enhance your website's performance, offering a valuable blueprint for those looking to captivate and convert their online visitors.The Profitable CreativeHey, Creative! Are you ready to discuss profits, the money, the ways to make it...Listen on: Apple Podcasts SpotifyMediaclipMediaclip strives to continuously enhance the user experience while dramatically increasing revenue.Independent Photo ImagersIPI is a member + trade association and a cooperative buying group in the photo + print industry.Photo Imaging CONNECTThe Photo Imaging CONNECT conference, March 16-17, 2025, at the RIO Hotel and Resort in Las Vegas, NDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showSign up for the Dead Pixels Society newsletter at http://bit.ly/DeadPixelsSignUp.Contact us at gary@thedeadpixelssociety.comVisit our LinkedIn group, Photo/Digital Imaging Network, and Facebook group, The Dead Pixels Society. Leave a review on Apple and Podchaser. Are you interested in being a guest? Click here for details.Hosted and produced by Gary PageauEdited by Olivia PageauAnnouncer: Erin Manning

This show from last year was one of the most popular episodes of the past year. And it's also extremely relevant right now, given all of the PBM (pharmacy benefit manager) goings-on, as well as ongoing litigation like the J&J lawsuit, etc. Listen to the show with Julie Selesnick (EP428) for more on that one. For a full transcript of this episode, click here. If you enjoy this podcast, be sure to subscribe to the free weekly newsletter to be a member of the Relentless Tribe. Also, Brian Reid (EP456) in the episode from a couple of weeks ago. And he talks about how Mark Cuban's way of communicating and framing some of the issues with the big PBMs and just all of the perverse incentives in the drug supply chain. He says this way of communicating is “the chef's kiss.” So, besides the insights here that follow being relevant in and of themselves, there's also some lessons just in how those issues are teed up and communicated that we all can learn from. CEOs and CFOs … hey, this show is for you. Let's start here: What do all of these numbers have in common: $140,000, $3 million, $35 million, and $3 billion? These are all actual examples of how much employers, unions, and some public entities saved on healthcare benefits for themselves and their employees. The roadmap to saving 25% on pharmacy spend and/or 15% on total cost of care in ways that improve employee health and satisfaction always begins when one thing happens. There's one vital first step. That first step is CEOs and/or CFOs or their equivalents roll up their sleeves and get involved in healthcare benefits. Why can't much happen without you, CEOs and CFOs? Here's the IRL: In 2023, the healthcare industry has been financialized. There is a whole financial layer in between your company and its healthcare benefits. And unless the C-suite is involved here and bringing their financial acumen and organizational willpower to the equation, your company and your employees are currently paying hundreds of thousands, maybe millions, of dollars too much and doing so within a business model that deeply exacerbates inequities. There are people out there who are very strategically taking wild advantage of a situation where CEOs/CFOs fear anything to do with healthcare in the title and don't do their normal level of due diligence. You think it's an accident that this whole space got so “complicated”? HR needs your help. Bottom line, if you are a CEO or CFO and you do not know everything that Mark Cuban and Ferrin Williams talk about on the pod today … wow, are you getting shellacked. Mark Cuban uses a different word. Healthcare benefits are, after all, for most companies the second biggest line-item expense after payroll. But don't despair here, because all of this information is really and truly actionable. Others out there are cutting zeros off of their spend and actually doing it in ways that are a total win for employees as well. My guest today, Mark Cuban, is a CEO, after all; and when he looked into it, it took him T-minus ten minutes to figure out just the order of magnitude that his “trusted” benefits consultants and PBM and ASOs (administrative services only) and others were extracting from his business. He pushed back. So can you. But just another reason to dig into that financial layer wrapping around your employee health benefits right now, you might get sued by your employees. Below is an ad currently being circulated on LinkedIn by class action attorneys recruiting employee plan members to sue their employers for ERISA (Employee Retirement Income Security Act of 1974) violations. It's the same attorneys, by the way, from those 401(k) class action lawsuits. I've talked to a few CEOs and CFOs who are scrambling to get ahead of that. You might want to consider doing so as well. Now, for my HR professional listeners, considering that some of what Mark Cuban says in the pod that follows is indeed a little spicy, let me just recognize that the struggle is real. There are multiple competing priorities out there in the real world, for sure. And bottom line, because of those multiple competing priorities out there in the real world, it's really vital that everybody work together up and down the organization in alignment. Lauren Vela talks a lot about these realities here in episode 406. This is a longer show than normal, but it's also like a show and a half. Mark Cuban talks not only about his work with Mark Cuban Cost Plus Drugs, which is a company that buys drugs direct from manufacturers and sells them for cost plus 15%, a dispensing fee, and shipping. It's kind of crazy how so often that price is cheaper, sometimes considerably cheaper, than the price that plan members would have paid using their insurance—and the price that the plan is currently paying the PBM. Most Relentless Health Value Tribe members (ie, regular listeners of this show) will already know that, but what is also fascinating that Mark talks about is what he's doing with his own businesses and the Mavericks on other fronts, like dealing with hospital prices. In this show, we also talk the language of indie pharmacies, fee-only benefits consultants, TPAs (third-party administrators), PBMs, and providers doing direct contracting. There are, in fact, entities out there trying to do the right thing; and Mark acknowledges that. Ferrin Williams, PharmD, MBA, who is also my guest today, is chief pharmacy officer at Scripta and an expert in pharmacy benefits. She adds some great points and some context to this conversation. Scripta is partnering with Mark Cuban Cost Plus Drugs. Scripta has a neat Med Mapper tool and also services to help employees find the lowest costs for their prescriptions. If you are a self-insured employer, for sure, check out Scripta. Here are links to other shows that you should listen to now if you are inspired to take action. I would recommend the shows with Paul Holmes (EP397); Dan Mendelson (EP385); Andreas Mang (EP419); Rob Andrews (EP415); Cora Opsahl (EP372); Lauren Vela (EP406); Peter Hayes (EP346); Gloria Sachdev, PharmD, and Chris Skisak, PhD (EP390); and Mike Thompson (EP389). Also Mark Cuban mentions in this show the beverage distributor L&F Distributors. Thanks to Ge Bai, Andreas Mang, Lauren Vela, Andrew Gordon, Andrew Williams, Cora Opsahl, Kevin Lyons, Pat Counihan, David Dierk, Connor Dierk, John Herrick, Helen Pfister, Kristin Begley, AJ Loiacono, and Joey Dizenhouse for your help preparing for this interview. Also mentioned in this episode are Mark Cuban Cost Plus Drug Company; Scripta Insights; Julie Selesnick; Brian Reid; Paul Holmes; Dan Mendelson; Rob Andrews; Peter Hayes; Gloria Sachdev, PharmD; Chris Skisak, PhD; Mike Thompson; and Scott Conard, MD. You can learn more at Mark Cuban Cost Plus Drug Company and Scripta Insights. You can also connect with Scripta and Ferrin on LinkedIn.   Mark Cuban has been a natural businessman since the age of 12. Selling garbage bags door to door, the seed was planted early on for what would eventually become long-term success. After graduating from Indiana University—where he briefly owned the most popular bar in town—Mark moved to Dallas. After a dispute with an employer who wanted him to clean instead of closing an important sale, Mark created MicroSolutions, a computer consulting service. He went on to later sell MicroSolutions in 1990 to CompuServe. In 1995, Mark and longtime friend Todd Wagner came up with an internet-based solution to not being able to listen to Hoosiers basketball games out in Texas. That solution was Broadcast.com—streaming audio over the internet. In just four short years, Broadcast.com (then Audionet) would be sold to Yahoo! Since his acquisition of the Dallas Mavericks in 2000, Mark has overseen the Mavs competing in the NBA Finals for the first time in franchise history in 2006—and becoming NBA World Champions in 2011. Mark first appeared as a “Shark” on the ABC show Shark Tank in 2011, becoming the first ever to live Tweet a TV show. He has been a star on the hit show ever since and is an investor in an ever-growing portfolio of small businesses. Mark is the best-selling author of How to Win at the Sport of Business. He holds multiple patents, including a virtual reality solution for vestibular-induced dizziness and a method for counting objects on the ground from a drone. He is the executive producer of movies that have been nominated for seven Academy Awards: Good Night and Good Luck and Enron: The Smartest Guys in the Room. Mark established Sharesleuth, a research and investigation Web site to uncover fraud in financial markets, and endowed the Electronic Frontier Foundation's Mark Cuban Chair to Eliminate Stupid Patents, an effort to fight patent trolls. Mark gives back to the communities that promoted his success through the Mark Cuban Foundation. The Foundation's AI Bootcamps Initiative hosts free Introduction to AI Bootcamps for low-income high schoolers, starting in Dallas. Mark also saved and annually funds the Dallas Saint Patrick's Day Parade, the largest parade in Dallas and a city institution. In January 2022, he started Mark Cuban Cost Plus Drug Company as an effort to disrupt the drug industry and to help end ridiculous drug prices because every American should have access to safe, affordable medicines. Ferrin Williams, PharmD, MBA, is chief pharmacy officer of Scripta. With 15+ years' experience in the pharmacy industry, Ferrin brings a unique perspective to Scripta that spans the retail pharmacy, pharmacy benefit manager (PBM), and broker/consulting sectors. Her expertise ranges from pharmacy operations and services to innovative clinical programs, pharmacy audit, alternative payer funding, and specialty drugs. As chief pharmacy officer, Ferrin leads the company's clinical strategies organization responsible for devising innovative cost-containment strategies for prescription drugs, ensuring Scripta clients, members, and their providers are provided with best-in-class clinical insights and tools. Ferrin earned her bachelor's, Doctor of Pharmacy, and MBA degrees from the University of Oklahoma.   06:29 What was Mark Cuban's own journey as a self-insured employer with Cost Plus Drug Company? 07:44 What did Mark find when he decided to go through and look through his company's benefit program? 09:12 “When you think it through, you start to realize that money is being spent primarily by your sickest employees.” —Mark 10:02 How do you get CEOs and CFOs of self-insured employers to realize that their sickest employees are the ones subsidizing their checks? 13:00 What is the role of insurance in healthcare? 14:30 “If you can't convince them, confuse them and hide it.” —Mark 15:24 The reality behind getting a rebate check. 16:21 Why are rebates going away, and why isn't that changing PBM earnings? 19:05 How do you get CEOs and CFOs to dig into their benefits plan? 20:59 Does morally abhorrent move the needle? 21:33 “What we're trying to do is just simplify the [healthcare] industry.” —Mark 24:19 What's been changing in consumer behavior? 25:04 “Transparency is a huge part of building that trust.” —Ferrin 25:19 Why CEOs and CFOs really have the power to change healthcare. 32:29 What are Cost Plus Drugs' plans to expand? 39:21 Where is the future of the prescription drug market going? 42:09 What will happen to the prescription drug market in 10 to 20 years? 48:40 The wake-up call self-insured employers should be acknowledging now. 52:02 Where is the real change in the healthcare industry going to come from?   You can learn more at Mark Cuban Cost Plus Drug Company and Scripta Insights. You can also connect with Scripta and Ferrin on LinkedIn.   @mcuban and Ferrin Williams provide advice for #CEOs and #CFOs of #selfinsuredemployers on our #healthcarepodcast. #healthcare #podcast #digitalhealth #valuebasedcare #healthcareoutcomes   Recent past interviews: Click a guest's name for their latest RHV episode! Rob Andrews (Encore! EP415), Brian Reid, Dr Beau Raymond, Brendan Keeler, Claire Brockbank, Cora Opsahl, Dan Nardi, Dr Spencer Dorn (EP451), Marilyn Bartlett, Dr Marty Makary  

"Maintenant Vous Savez" c'est également deux autres podcasts qui décryptent la culture avec "Maintenant Vous Savez - Culture" et la santé avec "Maintenant Vous Savez - Santé". Quatre fois par semaine, nous vous proposons de découvrir les meilleurs épisodes.  Une image animée de Leonardo Dicaprio qui balance ses dollars depuis le pont d'un yacht. Une autre qui montre Leo qui nous fait tchin, de façon très élégante, une coupe de champagne à la main. Ces images animées vous disent forcément quelque chose, si vous avez suivi ou participé à des conversations sur internet, depuis les années 2000. Ce sont des GIF. Le GIF, ou Graphics Interchange Format est un format d'image numérique couramment utilisé sur internet. Le GIF est créé en 1987 par le fournisseur de services en ligne américain Compuserve. L'objectif de ce nouveau format à l'époque est de permettre le téléchargement d'images en couleurs. Qu'est-ce qu'un GIF ? Comment le prononce-t-on ? Quelles sont les innovations dans le monde du GIF ? Écoutez la suite dans cet épisode de "Maintenant vous savez - Culture". Un podcast écrit et réalisé par Carole Beaudouin. Première diffusion : 29 juillet 2023 À écouter aussi : Quels sont les pires scandales écologiques causés par des tournages de films ? Sylvester Stallone, Fabrice Luchini, Cameron Diaz... qui sont ces célébrités passées par le porno ? Qu'est-ce que le toying, cette pratique mal considérée dans le graffiti ? Retrouvez tous les épisodes de "Maintenant vous savez - Culture". Suivez Bababam sur Instagram. Learn more about your ad choices. Visit megaphone.fm/adchoices

Originally Published April 14, 2022. Today, we're thrilled to welcome Steve Olsher, a true trailblazer in the world of podcasting and beyond. Steve has dedicated his life to helping people discover and pursue what he calls their “What”—the unique gift they were born to share with the world. He's an acclaimed author, speaker, and New York Times bestseller who's coached countless individuals toward clarity and reinvention. Today, Steve opens up about his journey, his transformative approach to life, and the essential steps you can take to live with freedom, fulfillment, and joy. Tune in as we unlock the secrets to living a truly fantastic life with Steve Olsher!   Steve Olsher is a trailblazing entrepreneur, Founder & Editor-In-Chief of Podcast Magazine®, and creator of ClubPod™ on Clubhouse, the largest podcast community across social media. He also launched PodXpo® and is the original Chairman & Founder of Liquor.com. An internet pioneer, Steve entered the digital world with CompuServe's Electronic Mall in 1993. He is a New York Times bestselling author of What Is Your WHAT? Discover The ONE Amazing Thing You Were Born To Do, a seasoned real estate developer, and the creator of The New Media Summit™. As host of the #1 rated Reinvention Radio podcast, Steve is an international keynote speaker and a sought-after media personality, featured on CNN, The Huffington Post, and the cover of Foundr Magazine, among many others.   Social Media: LinkedIn: https://www.linkedin.com/in/steveolsher/ Twitter: https://twitter.com/steveolsher Facebook: https://www.facebook.com/SteveOlsherReinventionExpert/   Thanks for listening to the show! It means so much to us that you listened to our podcast! If you would like to continue the conversation, please email me at allen@drallenlycka.com or visit our Facebook page at http://www.facebook.com/drallenlycka. We would love to have you join us there, and welcome your messages. We check our Messenger often.   This show is built on “The Secrets to Living A Fantastic Life.” Get your copy by visiting: https://secretsbook.now.site/home   We are building a community of like-minded people in the personal development/self-help/professional development industries, and are always looking for wonderful guests for our show. If you have any recommendations, please email us!   Dr. Allen Lycka's Social Media Links Facebook: http://www.facebook.com/drallenlycka Instagram: https://www.instagram.com/dr_allen_lycka/ Twitter: https://www.twitter.com/drallenlycka LinkedIn: https://www.linkedin.com/in/allenlycka YouTube: https://www.YouTube.com/c/drallenlycka   Subscribe to the show. We would be honored to have you subscribe to the show - you can subscribe on the podcast app on your mobile device

Web3 and decentralized applications (dApps) represent the next major leap in the evolution of the digital landscape, much like the seismic shifts we witnessed in previous decades. In the 1990s, platforms like AOL and CompuServe created walled gardens closed ecosystems where users could access limited content and services in a highly controlled, centralized environment. This was the era of Web1.0, a static internet where information was consumed rather than interacted with. Fast forward to the 2010s, Web2.0 brought a more dynamic web, encouraging user-generated content and social interaction but once again centralizing power with a few tech giants, locking user data within their platforms. Now, Web3 aims to break down these walls, decentralizing control and returning power to the users. Instead of being passive participants or content creators bound by centralized platforms, Web3 offers users ownership over their digital identities, their data, and their online transactions. This piece will examine how the rise of dApps and the broader Web3 ecosystem signal a future where transparency, autonomy, and security are not only integral but mandatory, echoing the shifts we've seen before this time, with users firmly in control and no walled gardens in sight. What is Web3? Web3, the third generation of the internet, marks an evolution from the static Web1.0 and the interactive Web2.0 to a more decentralized, user-centric model. At its core, Web3 is built upon three key pillars. First, blockchain technology serves as the foundation, operating as a decentralized ledger maintained by a network of nodes, ensuring data integrity and transparency without the need for central authorities. Second, smart contracts self-executing agreements with terms embedded directly in code automate and enforce transactions, cutting out intermediaries and streamlining processes. Finally, decentralized identity shifts control of personal data back to users. Unlike Web2.0, where personal information is often housed by centralized entities, Web3 empowers individuals to own and manage their digital identities. The evolution of the internet can be traced through three distinct phases. Web1.0, often referred to as the static web, consisted of read-only pages with minimal interaction, essentially a collection of isolated documents. Web2.0, or the social web, ushered in the era of dynamic content and user-generated data, giving rise to platforms like social media and blogs. While users could create and share content, control of that data remained in the hands of centralized platforms. Web3, in contrast, decentralizes data control, enhancing privacy and security. By leveraging blockchain and dApps, it creates a more transparent, secure, and user-driven internet, reducing the reliance on intermediaries and central authorities. Decentralized Applications Decentralized applications, are software applications that function on a blockchain network rather than being hosted on centralized servers. By utilizing blockchain technology, dApps offer transparency, security, and give users control over their data. Unlike traditional applications, dApps operate on distributed networks, meaning they aren't controlled by a single entity. This decentralized structure reduces the risk of data tampering and censorship, while also enhancing trust and data integrity among users. There are various types of dApps, each designed for different use cases. Economic dApps aim to transform traditional financial systems by facilitating peer-to-peer transactions without intermediaries. Examples include decentralized finance (DeFi) platforms like Uniswap and Aave, which enable decentralized lending, borrowing, and trading. Social dApps seek to disrupt conventional social media platforms, offering more control over user data. For example, Peepeth is a decentralized alternative to Twitter, ensuring that user data remains private and secure. In the world of gaming and the metaverse, dApps such as Cry...

We're diving into the fascinating world of tech that once ruled our lives but has since vanished into the digital ether. And we aren't talking vinyl. Spoiler alert: Think back to the days when AOL was the gateway to the internet, and Clubhouse was the hottest app on the block! We explore the rise and fall of these tech giants and more. Is it just me that is wondering what I'm tethered to today, that won't be recognizable in a few years? Follow the podcast on Apple Podcast, Spotify, etc to never miss an episode. Fresh ones drop every two weeks. Have an idea for a episode? Guest to recommend? Drop us a comment on X, Instagram, Facebook or here. Because it may not be just you... but it could be! Links: Experience the American Generations: Which Generation Are You? Britannica The Death of Clubhouse (The Influence Agency) To NFT Or Not NFT, That Is The Question (Season 1, Episode 11, Is It Just Me Podcast) What happened to NFTs? (Yahoo Finance) Goodbye, CompuServe! (We thought you already died) (ARS Technica) What Happened to Myspace (and Is It Even Still Around)? (PureWow)  

Une image animée de Leonardo Dicaprio qui balance ses dollars depuis le pont d'un yacht. Une autre qui montre Leo qui nous fait tchin, de façon très élégante, une coupe de champagne à la main. Ces images animées vous disent forcément quelque chose, si vous avez suivi ou participé à des conversations sur internet, depuis les années 2000. Ce sont des GIF. Le GIF, ou Graphics Interchange Format est un format d'image numérique couramment utilisé sur internet. Le GIF est créé en 1987 par le fournisseur de services en ligne américain Compuserve. L'objectif de ce nouveau format à l'époque est de permettre le téléchargement d'images en couleurs. Qu'est-ce qu'un GIF ? Comment le prononce-t-on ? Quelles sont les innovations dans le monde du GIF ? Écoutez la suite dans cet épisode de "Maintenant vous savez - Culture". Un podcast écrit et réalisé par Carole Beaudouin. Première diffusion : 29 juillet 2023 À écouter aussi : Quels sont les pires scandales écologiques causés par des tournages de films ? Sylvester Stallone, Fabrice Luchini, Cameron Diaz... qui sont ces célébrités passées par le porno ? Qu'est-ce que le toying, cette pratique mal considérée dans le graffiti ? Retrouvez tous les épisodes de "Maintenant vous savez - Culture". Suivez Bababam sur Instagram. Learn more about your ad choices. Visit megaphone.fm/adchoices

As a proud owner of the exceedingly rare “two-digit” designation on CompuServe (the internet's precursor), I've always been an early adopter of new tech. I was, therefore, particularly excited to speak to Bilawal Sidhu, a one-man corporation whose prolific output outpaces many creators put together. Since he was 11, Bilawal has been passionate about using cutting-edge tech to create videos that unite reality with his imagination. He made his bones as a product manager at Google, but after his short-form videos generated millions of views on social media, he decided to go all-in on his creative projects, including this video showing ‘shadow aliens' invading Miami Mall, which racked up 11M views in 24 hours (!) on TikTok. Bilawal is also an adept rune-reader in the tech industry — his Creative Digest newsletter and YouTube channel offer insights and analysis on tech and market developments, while his TEDAI podcast broke the recent Helen Toner x OpenAI story. If you're a creator curious about the opportunities presented by cutting-edge tech, you're gonna love this episode. For the full transcript and bucketloads of other stuff designed to make you go, “Hmm, that's interesting!” check out our Substack. Important Links: Bilawal's Website (includes links to all social channels) What Does “Rat Park” Teach Us About Addiction? (Psychiatric Times) Show Notes: Aliens at the Miami Mall & the deep fake arms race How to unite reality with imagination The three waves of content democratization & the incoming content tsunami Artisan vs organic content Creation by proxy Climbing up the adoption curve Bilawal's idea-to-execution creation process Remix culture & co-creation Competing visions of an AI-infused feature Finding an economic model that benefits indie creators Sovereign AI & being long human creativity Bilawal as Emperor of the World MORE! Books Mentioned: The Fifth Science; by Exurb1a The Hitchhiker's Guide to the Galaxy; by Douglas Adams The God Problem: How a Godless Cosmos Creates; by Howard Bloom The Ultimate Resource; by Julian L. Simon

Send us a Text Message.It's Listener's Choice as we celebrate 150 episodes of the podcast!All that is a part of this week's show was chosen by you, the listeners.Episode 150 kicks off with a new edition of the vintage employee training videos segment. This time we are going all the way back to 1988 to find out what goes into making pizzas at Pizza Hut. Special drinking game: Have a drink every time someone says their slogan from the time 'Makin' It Great.' Long before playlists, mix cd's, or even mixtapes, there was a way to listen to multiple popular songs on the same piece of media. In the 1970s and 1980s compilation albums were the in thing and the company that brought them to you was K-Tel Records. We go way Back In the Day to reminisce about the innovative K-Tel compilations. This week's Top 5 is sure to make you hungry. So many cereals, so few mornings. Though some cereals have become synonymous with breakfast over the last century even more have come along and faded away just as quickly. We will be looking at some of the discontinued cereals that might be due for a comeback.Of course, there is a brand new This Week In History and Time Capsule centered around the groundbreaking 1994 digital music download event featuring Aerosmith and CompuServe.For more great content become a subscriber on Patreon!Helpful Links from this EpisodeThe Lady of the Dunes.comPurchase My New Book Cape Cod Beyond the Beach!In My Footsteps: A Cape Cod Travel Guide(2nd Edition)Hooked By Kiwi - Etsy.comWear Your Wish.com - Clothing, Accessories, and moreDJ Williams MusicKeeKee's Cape Cod KitchenChristopher Setterlund.comCape Cod Living - Zazzle StoreSubscribe on YouTube!Initial Impressions 2.0 BlogShelter of the Monument Book - Yvonne DeSousa.comPizza Hut Training Video 1988K-Tel Classics YouTube ChannelListen to Episode 149 here Support the Show.

Did you know that June was Internet Safety Month? Don't worry, I didn't either. When I first read about it, I wondered if we were concerned with safety for teenagers or senior citizens. It's hard to believe I've been online for almost 30 years. It seems like only yesterday when we were still using dial-up modems. Even before the internet, it didn't take long to realize how dangerous online activities can be. I witnessed that back in the days of Prodigy, Compuserve, and AOL. Wow, I'm really dating myself... Click Here To Subscribe Apple PodcastsSpotifyAmazon MusicGoogle PodcastsTuneIniHeartRadioPandoraDeezerBlubrryBullhornCastBoxCastrofyyd.deGaanaiVooxListen NotesmyTuner RadioOvercastOwlTailPlayer.fmPocketCastsPodbayPodbeanPodcast AddictPodcast IndexPodcast RepublicPodchaserPodfanPodtailRadio PublicRadio.comReason.fmRSSRadioVurblWe.foYandex jQuery(document).ready(function($) { 'use strict'; $('#podcast-subscribe-button-13292 .podcast-subscribe-button.modal-6671a75c96568').on("click", function() { $("#secondline-psb-subs-modal.modal-6671a75c96568.modal.secondline-modal-6671a75c96568").modal({ fadeDuration: 250, closeText: '', }); return false; }); });

On this episode of Won't You Be Our Neighbor, Steve and Darren are joined by CompuServe Founder, Jeff Wilkins. Listen in as the trio discuss Harrison Ford's fascinating rituals, committing to Blizzards, and the story of CompuServe.

This Week In Wrestling History hosted by Don Tony aired back in 2018-2019 and spanned two seasons. These retro episodes return remastered and are filled with hundreds of hours of original wrestling clips & stories. Enjoy this deep dive into pro wrestling's awesome history. SYNOPSIS: Episode 21 (5/20 – 5/26)RUNNING TIME: 2 Hours 58 Minutes Jerry Lawler sues WWF over use of 'The King' (Harley Race) at Tennessee events. 'Bitter rivals' Iron Sheik and Hacksaw Jim Duggan arrested in NJ for Drug and Alcohol possession. And what Iron Sheik clams at the Courthouse is hilarious. Audio: Hacksaw Jim Duggan speaks on arrest with Iron Sheik. Lex Luger def Michael PS Hayes to being a 523 day reign as NWA United States Champion. Scott Hall makes WCW TV debut. Brian Lee becomes first ever Smoky Mountain Wrestling Heavyweight Champion. Looking back at WCW Slamboree: A Legends Reunion PPV (1993, 1994, 1995). Audio: 16 year old Jeff Hardy makes WWF debut (against 1-2-3 Kid). Fake Undertaker (Brian Lee) makes WWF TV debut. Audio: The closest you will ever get of Gordon Solie and Bobby Heenan commentating an ECW match: Terry Funk vs Tully Blanchard. Hunter Hearst Helmsley makes his Monday Night Raw debut. Savio Vega makes his WWF in ring debut. Audio: Five minutes that changed the Monday Night Wars: Scott Hall arrives in WCW and declares war. Audio: "I'm Not A Shark.....I'm A Man!" Looking back at WWF In Your House 8: Beware Of Dog and Beware Of Dog II (1996). Looking back at WWF Over The Edge PPV (1999). Audio: Steve Blackman, Ahmed Johnson, Val Venis, Harley Race, and Bret Hart share some of their favorite Owen Hart rib stories. WWF Owen Hart Raw tribute show (Raw Is Owen) scores 3rd highest rating (7.2) in Raw history. Kevin Nash (c) vs Bret Hart for WCW Heavyweight Title on Jay Leno Show canceled due to death of Owen Hart. Audio: Daffney def Crowbar to win WCW Cruiserweight Title. Audio: 12 year old Reid Flair (RIP) tries to place 'peacemaker' between David and Ric Flair on WCW Nitro. Looking back at WWF Judgment Day PPV (2000, 2005, 2006). Audio: Undertaker returns to WWF TV after eight month absence and debuts the American Bad Ass character. CompuServe debuts 'Ask Rena' (Mero) weekly Q&A column. Triple H blows out quad muscle on Raw during Tag Team Title match (w/ Steve Austin) and lose the titles to Chris Jericho and Chris Benoit. Days after Triple H tears quad, Chris Benoit suffers neck injury during tag team title defense (w/ Chris Jericho). Audio: Joanie 'Chyna' Laurer vs Joey Buttafuoco (Celebrity Boxing 2002). WWE premieres two new shows: WWE Confidential and Velocity. NWATNA hires Mike Tenay as lead announcer for Impact. Looking back at WWA 'The Reckoning' PPV (2003). Audio: Bret Hart heartfelt promo at WWA 'The Reckoning' only months after suffering a stroke. WWE receives huge backlash from fans after attempting a heart attack angle with Eddie Guerrero on Smackdown. TNA releases Diamond Dallas Page. TNA cancels all future Impact tapings until TV deal is finalized with Spike TV (Fall 2005). The Dudleys launch Team 3D Academy Pro Wrestling School. Audio: In an attempt to boost low TV ratings, Vince McMahon announces 'McMahon's Million Dollar Mania'. Looking back at XPW reunion show 'Cold Day In Hell' (2008). Looking back at TNA Sacrifice PPV (2009). Audio: Kurt Angle vs Sting vs Mick Foley vs Jeff Jarrett: Ultimate Sacrifice Match. Looking back at WWE 'Over The Limit' PPV (2010, 2011). Audio: Batista quits WWE live on Raw. Audio: WWE announces Bret Hart as intern Raw General Manager. Sinclair Broadcasting Group purchases Ring Of Honor. Comparing Sinclair Broadcasting and WWE stock in 2011 and today. Looking back at Ring Of Honor 'Supercard Of Honor VI' (2011). Chris Jericho suspended by WWE after kicking Brazilian Flag during live WWE event. Audio: Chris Jericho speaks on the Brazilian Flag incident. Sami Zayn makes his NXT debut. Looking back at NJPW 'Back To The Yokohama Arena' PPV (2014). Looking back at WWE Extreme Rules PPV (2016). Looking back at WWE Backlash PPV (2017). And so much more! RIGHT CLICK AND SAVE to download the AUDIO episode of THIS WEEK IN WRESTLING HISTORY S1 E21 (5/20 – 5/26) ====  Join The DTKC Family! Become a member of Don Tony and Kevin Castle Show Patreon and access right now: Ad-Free episodes of all of weekly shows Weekly live Patreon podcasts hosted by Don Tony and Kevin Castle Thousands of hours of Patreon exclusive shows never released publicly! (Over 7 Years of Patreon Exclusive Content!) Retro episodes of The Don Tony And Kevin Castle Show going back as early as 2004 (Retro Episodes added each week!) Predictions Contests, Giveaways and more! 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Part II of Queerly Beloved: Michael Jon Watt's adoption cost $200. He knows because he has the receipt. A young woman, 5' 9" and 130 pounds, gave him up for adoption in the state of California on Christmas Eve, 1966. His adoptive family was picture perfect as was he: blond hair, blue eyes and a smile that lit up the room! Looks can be deceiving (as you heard in the first interview). Michael always longed to know who his birth mom was. It wasn't until he turned 26 that he began to search. There was a new tool to help speed up the process: the internet. This lead him to a chat room on CompuServe where he found a woman named Janice. Her side hustle: a PI for adoptees looking for their birth parents. It wouldn't be easy. It's estimated that 2 million babies were adopted during the 1960s alone. Janice was on a mission. This show is a heart-warming story of reunification and redemption that was nothing short of a miracle. I named this podcast, "Channeling Janice" simple because, the search wasn't done alone and without a little magic. This podcast is sponsored by our friend Sawyer Scott of Local Riff Raff Co. A brand that supports local artists like myself and Michael! Local Riff Raff Co is also the official sponsor of The Bay to Braman Bolt: A foot race to preserve history. This takes place in Northport, Michigan on Labor Day weekend. Register now! --- Send in a voice message: https://podcasters.spotify.com/pod/show/thehonestedge/message

NailZ tells us about Codeine's plan to take over AOL, Prodigy, and Compuserve. Planting trojan's on AOL employee machines and using them to proxy FDO and ATOM to manipulate Merlin and cause chaos on AOL. Also we talk about why he created LuciferX. Guest: NailZ Host: Steve Stonebraker Audio Editor: Sam Fox CoverArt: Created by Broast (⁠⁠⁠⁠⁠⁠https://broast.org⁠⁠⁠⁠⁠⁠), original idea by LampGold. -- AOL Underground Podcast Follow us on twitter - ⁠⁠⁠⁠⁠⁠@AOLUnderground⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠@brakertech⁠⁠⁠⁠⁠⁠ Reddit - ⁠⁠⁠⁠⁠https://www.reddit.com/r/AOLUnderground/⁠⁠⁠⁠⁠ Youtube - ⁠https://www.youtube.com/@AOLUndergroundPodcast⁠ Merch - ⁠⁠⁠⁠⁠⁠https://www.redbubble.com/people/AOL-Underground/shop⁠⁠⁠⁠⁠⁠ Donate - ⁠⁠⁠⁠⁠⁠https://www.buymeacoffee.com/AOLUnderground⁠⁠⁠⁠⁠⁠ Contact the Host -⁠⁠⁠⁠⁠⁠ https://aolunderground.com/contact-host/⁠⁠⁠⁠⁠⁠ Reconnect with old AOLers - ⁠https://nina.chat/⁠ (AOL 4.0 is working!) ⁠⁠⁠⁠⁠https://discord.gg/p3ol⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠https://aolunderground.com/community/⁠⁠⁠⁠ -- Other Check out my wife's Etsy shop - ⁠⁠https://www.etsy.com/shop/Snowbraker

Dr. Al Musella interest in brain tumors started when his sister-in-law, Lana, was diagnosed with a GBM in 1992, and was told it was hopeless. After surgery and radiation, the tumor was larger than before the surgery and she was told she only had a few weeks left to live and there was no treatment options for her other than a standard course of BCNU, which had no chance to help her for more than a few extra weeks. Al created and ran the Brain Tumor Forum on Compuserve in January 1993. He organized the members and had them help survey every major hospital in the USA to find what treatments were available. That list was posted on Compuserve and became the basis for the first internet database of clinical trials. At that time, the NCI only maintained lists of clinical trials that they funded, not the trials sponsored by the drug companies or the individual doctors or hospitals. The NCI invited Al to demonstrate his technology to them, and the clinicaltrials.gov website was created.Dr. Musella is currently focused on getting a new law passed called the promising pathway act. It will create a conditional approval pathway for brain tumor (and other serious diseases) treatments, as well as a learning system to track all patients who use the conditionally approved treatments. 

Wes was the sole founder in 1981 of Delphi Internet Services Corporation, "The Company That Popularized The Internet" according to Michael Woolf, and was the creator of the world's first online encyclopedia. At the time it was sold to Rupert Murdoch's News Corporation in 1993, Delphi had been profitable for years and was among the four largest social networks, along with AOL, CompuServe and Prodigy. In 1986, while CEO of Delphi, Wes launched a spinoff, Global Villages, Inc. to serve magazine publishers and business clients with their own private-label social networks. Wes focused the attention of his new team on the need for reliable identities of individuals on the Internet, starting with the development of the VIVOS Enrollment Workstation. While developing VIVOS, Wes began collecting source material for a book about a hypothetical world public key infrastructure, built upon digital certificates representing measurably reliable identities, which would bring authenticity to online interactions and privacy to individuals. As the book began to take shape Wes was introduced to a group at the International Telecommunication Union that was attempting to implement a world PKI that was similar to the one he envisioned. Wes was subsequently appointed to the High Level Experts Group at the ITU's Global Cybersecurity Agenda. In an address in 2008 to the United Nations World Summit on Information Society in Geneva, Wes introduced the City of Osmio, a new certification authority. Wes's book, entitled Quiet Enjoyment, published in 2004 with a second edition in 2014, was followed by Wes's other titles including Don't Get Norteled in 2013 and Escape The Plantation in 2014.   Scott Schober is an author, CEO of www.bvsystems.com and #cybersecurity expert that appears regularly on Bloomberg TV, Fox Business & Fox News, CCTV America, Canadian TV News, Al Jazeera America, Arise TV as well as CNN, CBS Morning Show, MSNBC, CNBC, The Blaze, WPIX as well as local and syndicated Radio including Sirius/XM & Bloomberg Radio and NPR. Scott has also authored 3 critically acclaimed cybersecurity books entitled Hacked Again, Cybersecurity is Everybody's Business and Senior Cyber all available on Amazon. @ScottBVS www.linkedin.com/in/snschober www.facebook.com/SeniorCyberBook www.instagram.com/scott_schober www.ScottSchober.com

Wes was the sole founder in 1981 of Delphi Internet Services Corporation, "The Company That Popularized The Internet" according to Michael Woolf, and was the creator of the world's first online encyclopedia. At the time it was sold to Rupert Murdoch's News Corporation in 1993, Delphi had been profitable for years and was among the four largest social networks, along with AOL, CompuServe and Prodigy. In 1986, while CEO of Delphi, Wes launched a spinoff, Global Villages, Inc. to serve magazine publishers and business clients with their own private-label social networks. Wes focused the attention of his new team on the need for reliable identities of individuals on the Internet, starting with the development of the VIVOS Enrollment Workstation. While developing VIVOS, Wes began collecting source material for a book about a hypothetical world public key infrastructure, built upon digital certificates representing measurably reliable identities, which would bring authenticity to online interactions and privacy to individuals. As the book began to take shape Wes was introduced to a group at the International Telecommunication Union that was attempting to implement a world PKI that was similar to the one he envisioned. Wes was subsequently appointed to the High Level Experts Group at the ITU's Global Cybersecurity Agenda. In an address in 2008 to the United Nations World Summit on Information Society in Geneva, Wes introduced the City of Osmio, a new certification authority. Wes's book, entitled Quiet Enjoyment, published in 2004 with a second edition in 2014, was followed by Wes's other titles including Don't Get Norteled in 2013 and Escape The Plantation in 2014. Scott Schober is an author, CEO of www.bvsystems.com and #cybersecurity expert that appears regularly on Bloomberg TV, Fox Business & Fox News, CCTV America, Canadian TV News, Al Jazeera America, Arise TV as well as CNN, CBS Morning Show, MSNBC, CNBC, The Blaze, WPIX as well as local and syndicated Radio including Sirius/XM & Bloomberg Radio and NPR. Scott has also authored 3 critically acclaimed cybersecurity books entitled Hacked Again, Cybersecurity is Everybody's Business and Senior Cyber all available on Amazon. @ScottBVS www.linkedin.com/in/snschober www.facebook.com/SeniorCyberBook www.instagram.com/scott_schober www.ScottSchober.com

Toys push games off of shelves, GUIs vie for supremacy & Coinops' laserdisc dreams dashed   These stories and many more on this episode of the VGNRTM   This episode we will look back at the biggest stories in and around the video game industry in December 1983. As always, we'll mostly be using magazine cover dates, and those are of course always a bit behind the actual events.   Alex Smith of They Create Worlds is our cohost. Check out his podcast here: https://www.theycreateworlds.com/ and order his book here: https://www.theycreateworlds.com/book   Get us on your mobile device: Android: https://www.google.com/podcasts?feed=aHR0cHM6Ly92aWRlb2dhbWVuZXdzcm9vbXRpbWVtYWNoaW5lLmxpYnN5bi5jb20vcnNz iOS: https://podcasts.apple.com/de/podcast/video-game-newsroom-time-machine   And if you like what we are doing here at the podcast, don't forget to like us on your podcasting app of choice, YouTube, and/or support us on patreon! https://www.patreon.com/VGNRTM   Send comments on Mastodon @videogamenewsroomtimemachine@oldbytes.space Or twitter @videogamenewsr2 Or Instagram https://www.instagram.com/vgnrtm Or videogamenewsroomtimemachine@gmail.com   Links: (If you can't see all the links for this episode, please, check out this episode on our patreon page for the complete set.)   7 Minutes in Heaven: Porky's Video Version: https://www.patreon.com/posts/7-minutes-in-98182124 https://www.mobygames.com/game/22975/porkys/     Corrections: November 1983 Ep - https://www.patreon.com/posts/november-1983-96193251 Ethan's fine site The History of How We Play: https://thehistoryofhowweplay.wordpress.com/     1973 Coinop braces for oil-crisis fallout https://archive.org/details/cashbox35unse_23/page/43/mode/1up https://archive.org/details/cashbox35unse_24/page/42/mode/1up http://podcast.theycreateworlds.com/e/space-invaders-and-nishikado/   Ball and paddle goes color https://archive.org/details/cashbox35unse_23/page/43/mode/1up http://allincolorforaquarter.blogspot.com/2016/06/the-ultimate-so-far-history-of-nutting_21.html https://archive.org/details/cashbox35unse_23/page/n47/mode/1up   Kee Games teams up with Atari https://archive.org/details/cashbox35unse_24/page/42/mode/1up https://en.wikipedia.org/wiki/Kee_Games https://archive.org/details/cashbox05unse_9/mode/2up?view=theater   1983 Marschfield kicks games out https://www.nytimes.com/1983/12/08/us/massachusetts-town-exiles-pac-man-and-all-that.html https://eu.wickedlocal.com/story/marshfield-mariner/2021/09/23/marshfield-ma-coin-machine-industries-association-supreme-court-ban-pacman-donkeykong-look-back/8241109002/   AMOA a dud Play Meter Dec. 31, 1983   Laserdisc is DOA in the UK https://archive.org/details/play-meter-december-15-1983/page/60/mode/2up Kevin Hayes - Atari - Namco https://www.patreon.com/posts/50612798   Laserdisc games coming home... just not any time soon. Play Meter Dec. 1, 1983   Sente debuts the Sente Computer System NewsBytes 12/20/83 - Entering the Snakepit - A Winner: https://arcadeblogger.com/2019/11/10/bally-sente-saviour-of-the-arcades/ Games People Dec. 18, 1983, pg. 1 https://flyers.arcade-museum.com/videogames/search/gallery?manuf_id=63 https://youtu.be/dSwR9ra57uk?si=nY7UQORTBVaK-mLa   Battle of the Cons is over RePlay, Dec. 1983 pg. 13 Play Meter Dec. 1, 1983   Rosen steps down Playthings, Dec. 1983, p. 11 RePlay, Dec. 1983, pg. 18   Nintendo profits drop (DECEMBER 21, 1983, WEDNESDAY). NINTENDO'S CONSOLIDATED NET DOWN 2.3 PCT. Copyright 1983 Jiji Press Ltd.Jiji Press Ticker Service. https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3SJD-P360-001B-N1P6-00000-00&context=1516831.   Nintendo buys Pizza Time franchise (December 6, 1983). Family restaurant will be opened in Vancouver. The Japan Economic Journal. https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3S8H-1MS0-000H-H0FJ-00000-00&context=1516831. https://archive.org/stream/0966961706/0966961706_djvu.txt pg. 114     Atari opens first Atari Adventure location https://archive.org/details/Atari_Coin_Connection_Volume_7_Number_11_December_1983 https://atari-computermuseum.de/aac.htm https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fpaot66m84vm41.jpg   Dragon's Lair merch on the way Playthings, Dec. 1983 http://www.dragons-lair-project.com/games/related/merchandise/trading_cards_stickers.asp   Video game prices drop as toys take Xmas center stage Playthings, Dec. 1983   Intellivision System Changer launched https://archive.org/details/computer-entertainer-2-9/page/130/mode/1up?view=theater https://archive.org/details/computer-entertainer-2-9/page/143/mode/1up?view=theater https://retroconsoles.fandom.com/wiki/System_Changer   Wagner out at Mattel Playthings, Dec. 1983 https://www.latimes.com/archives/la-xpm-1985-02-19-me-412-story.html   Warner sells movie and TV rights https://www.nytimes.com/1983/12/22/business/warner-will-sell-existing-contracts.html (December 23, 1983, Friday). Warner sells film contracts for $350m. Financial Times (London,England). https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3S8H-29G0-000F-5467-00000-00&context=1516831.   Atari teams with Activision to bring games home (December 16, 1983, Friday, AM cycle). Atari, Activision To Broadcast Video Games to Homes. The Associated Press. https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3SJ4-K6B0-0011-5089-00000-00&context=1516831. NewsBytes 12/20/83 - Software Through the Airwaves   Romox test units hit the streets https://archive.org/details/computer-entertainer-2-9/page/141/mode/1up?view=theater   Vidco brings piracy to the 2600 https://www.retrothing.com/2006/06/vintage_video_g.html Electronic Games Hotline Dec. 4, 1983 pg. 4   Move over 5200 joystick, 5200 controller buttons shoddy too! https://archive.org/details/computer-entertainer-2-9/page/135/mode/1up?view=theater   Comdex fails to impress https://www.nytimes.com/1983/12/06/science/personal-computers-windows-and-gateways-loom-in-near-future.html   VisiOn launch fails to impress https://archive.org/details/PersonalComputerNews/PersonalComputerNews039-07Dec1983/page/n5/mode/2up   Really, windows? Who needs it? https://archive.org/details/PersonalComputerNews/PersonalComputerNews041-21Dec1983/page/n5/mode/2up https://www.youtube.com/watch?v=1VNS8TE4XhU&t=250s   Apple introduces Lisa development tools https://archive.org/details/eu_BYTE-1983-12_OCR/page/n9/mode/1up   Sierra's Homeword makes word processing easy https://archive.org/details/computer-entertainer-2-9/page/142/mode/1up?view=theater http://nerdlypleasures.blogspot.com/2014/08/homeword-sierra-onlines-easy-to-use.html https://archive.org/details/Creative_Computing_1983-12/page/n195/mode/2up?view=theater   EA gets into productivity https://archive.org/details/Creative_Computing_1983-12/page/n69/mode/2up?view=theater https://archive.org/details/Creative_Computing_1983-12/page/n161/mode/2up?view=theater   Tandy goes PC compatible https://www.nytimes.com/1983/12/01/business/tandy-s-personal-computer.html https://en.wikipedia.org/wiki/Tandy_2000   PCJr gets tested https://www.nytimes.com/1983/12/27/science/personal-computers-the-little-ibm-finally-arrives-for-a-test.html   Computers are the hottest item this Xmas... https://www.nytimes.com/1983/12/10/business/under-1983-christmas-tree-expect-the-home-computer.html https://archive.org/details/computer-entertainer-2-9/mode/1up?view=theater https://vgpavilion.com/mags/1983/12/18egh/text/ pg. 1 https://www.nytimes.com/1983/12/25/nyregion/the-guilt-of-computerless-parents.html   JCPenney drops computers NewsBytes 12/20/83 Next Casualty   Coleco tries to calm markets https://www.nytimes.com/1983/12/02/business/market-placevartanig-g-vartan-split-view-on-coleco-continues.html https://www.nytimes.com/1983/12/01/business/coleco-says-its-adam-is-in-very-short-supply.html https://www.nytimes.com/1983/12/09/business/coleco-can-t-savor-a-success.html https://archive.org/details/computer-entertainer-2-9/page/136/mode/1up?view=theater   Commodore plagued by defective machines Electronic Games Hotline Dec. 4, 1983, pg. 2   Atari announces Translator for the XL https://archive.org/details/computer-entertainer-2-9/mode/1up?view=theater http://www.atarimania.com/utility-atari-400-800-xl-xe-translator-_29943.html   Apple gets sprites https://vgpavilion.com/mags/1983/12/18egh/text/ pg. 4 https://archive.org/details/Electronic_Fun_with_Computer_Games_Vol_02_No_02_1983-12_Fun_Games_Publishing_US/page/n19/mode/2up   Apple to enter home computer market https://archive.org/details/computer-entertainer-2-9/mode/1up?view=theater https://en.wikipedia.org/wiki/Apple_IIc   Computer game sales expected to rise dramatically in 1983 Playthings, Dec. 1983   TI99 software draught is over electronic Games Hotline Dec. 4, 1983 pg. 2   MSX unites Japanese appliance makers (DECEMBER 22, 1983, THURSDAY). TOKYO REPORT; SALES DRIVE FOR 'MSX' LAUNCHED. Copyright 1983 Jiji Press Ltd.Jiji Press Ticker Service. https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3SJD-P320-001B-N1F3-00000-00&context=1516831. CHARLES SMITH. (December 12, 1983, Monday). Adoption of MSX brings a new era. Financial Times (London,England). https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3S8H-2C80-000F-51NS-00000-00&context=1516831.   Speccy hits 1 million https://archive.org/details/popular-computing-weekly-1983-12-22/page/n3/mode/2up   British hunger for computers outstrips supply By Jason Crisp. (December 12, 1983, Monday). 'They're walking off the shelves'; BRITAIN'S HOME COMPUTER BOOM. Financial Times (London,England). https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3S8H-2C70-000F-51JX-00000-00&context=1516831. https://archive.org/details/PersonalComputerNews/PersonalComputerNews041-21Dec1983/page/n3/mode/2up https://archive.org/details/PersonalComputerNews/PersonalComputerNews041-21Dec1983/page/n5/mode/2up   The Welsh give it another go https://archive.org/details/PersonalComputerNews/PersonalComputerNews039-07Dec1983/page/n23/mode/2up   Manic Miner moves publishers https://archive.org/details/popular-computing-weekly-1983-12-08   Hungarian software makes a splash in the UK https://archive.org/details/popular-computing-weekly-1983-12-01   Marvel gets Adventure-ous https://archive.org/details/popular-computing-weekly-1983-12-22 https://www.mobygames.com/group/256/scott-adams-questprobe-series/   Richard Scarry signs deal with Coleco https://vgpavilion.com/mags/1983/12/18egh/text/ pg. 4 https://www.mobygames.com/game/174878/richard-scarrys-best-electronic-word-book-ever/   Might & Magic: Adventure Number 1: The Lava Pits of Aznar goes on sale https://archive.org/details/Creative_Computing_1983-12/page/n339/mode/2up?view=theater https://www.mobygames.com/game/132448/might-magic-the-lava-pits-of-aznar/   Quicksoft goes shareware https://archive.org/details/eu_BYTE-1983-12_OCR/page/n9/mode/1up https://en.wikipedia.org/wiki/PC-Write   Penguin Publishing enters software market https://archive.org/details/MicroAdventurer02-Dec83/page/n5/mode/2up https://www.mobygames.com/game/26582/the-warlock-of-firetop-mountain/screenshots/ https://www.mobygames.com/company/8195/puffin-books-ltd/   Microsoft gets into book publishing electronic Games Hotline Dec. 4, 1983 pg. 3   6502 goes 16 bit https://archive.org/details/eu_BYTE-1983-12_OCR/page/n8/mode/1up https://en.wikipedia.org/wiki/WDC_65C816 https://www.westerndesigncenter.com/wdc/index.php   Hey baby, I got a gig on 12 inches... https://archive.org/details/eu_BYTE-1983-12_OCR/page/n9/mode/1up   Online banking gaining steam By PHILIP T. SUDO. (December 2, 1983, Friday). Pronto Tailored for More Systems; Home Banking Program Supported by Apple, IBM Computers. The American Banker. https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3S8H-5Y90-000F-R551-00000-00&context=1516831.   Shopping goes online https://archive.org/details/family-computing-04/page/n55/mode/2up https://www.referenceforbusiness.com/history2/69/CUC-International-Inc.html   Compuserve introduces online ads https://archive.org/details/eu_BYTE-1983-12_OCR/page/n9/mode/1up   Political scandal inspires Japanese computer game Play Meter Dec. 15, 1983 pg. 92   PBS brings computer education to US TV By DAVID O. TYSON. (December 2, 1983, Friday). Chase Promoting Public TV Series; Bank Is Taking Out Full-Page Ads in Newspapers To Boost 'Academy on Computers,' a 12-Week Course. The American Banker. https://advance.lexis.com/api/document?collection=news&id=urn:contentItem:3S8H-5Y80-000F-R54S-00000-00&context=1516831.   Automan premieres https://www.nytimes.com/1983/12/03/arts/tv-notes-cbs-tops-fall-sweeps-fifth-time.html https://youtu.be/kA1NT4I0s34?si=sAQgPQyUimj-hqIi   Quotes of the Month: https://archive.org/details/family-computing-04/page/n69/mode/2up Al Lowe - Sierra https://www.patreon.com/posts/29977733 https://archive.org/details/popular-computing-weekly-1983-12-15/page/n3/mode/2up?view=theater   Recommended Links:   The History of How We Play: https://thehistoryofhowweplay.wordpress.com/ Gaming Alexandria: https://www.gamingalexandria.com/wp/ They Create Worlds: https://tcwpodcast.podbean.com/ Digital Antiquarian: https://www.filfre.net/ The Arcade Blogger: https://arcadeblogger.com/ Retro Asylum: http://retroasylum.com/category/all-posts/ Retro Game Squad: http://retrogamesquad.libsyn.com/ Playthrough Podcast: https://playthroughpod.com/ Retromags.com: https://www.retromags.com/ Games That Weren't - https://www.gamesthatwerent.com/     Sound Effects by Ethan Johnson of History of How We Play.     Copyright Karl Kuras

Bluesky Goes Public, Zuck's AI plans The panel discusses the Apple Vision Pro Transcribe Glass X rival Bluesky launches to public with option to pick your algorithm Tech layoff tracker - layoffs.fyi A general discussion on AI Zuckerberg's Plan for AI Hinges on Your Facebook and Instagram Data The panel looks back at the proto-internet Reddit Doesn't Have to Share IP-Addresses of Piracy Commenters, Court Rules David Kahn, Leading Historian of Codes and Code Breaking, Dies at 93 The passing of John Walker, programmer and co-founder of AutoDesk Host: Leo Laporte Guests: Cathy Gellis, Harry McCracken, and Nicholas De Leon Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: bitwarden.com/twit Miro.com/podcast kolide.com/twit NetSuite.com/TWIT robinhood.com/boost

Bluesky Goes Public, Zuck's AI plans The panel discusses the Apple Vision Pro Transcribe Glass X rival Bluesky launches to public with option to pick your algorithm Tech layoff tracker - layoffs.fyi A general discussion on AI Zuckerberg's Plan for AI Hinges on Your Facebook and Instagram Data The panel looks back at the proto-internet Reddit Doesn't Have to Share IP-Addresses of Piracy Commenters, Court Rules David Kahn, Leading Historian of Codes and Code Breaking, Dies at 93 The passing of John Walker, programmer and co-founder of AutoDesk Host: Leo Laporte Guests: Cathy Gellis, Harry McCracken, and Nicholas De Leon Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: bitwarden.com/twit Miro.com/podcast kolide.com/twit NetSuite.com/TWIT robinhood.com/boost

Bluesky Goes Public, Zuck's AI plans The panel discusses the Apple Vision Pro Transcribe Glass X rival Bluesky launches to public with option to pick your algorithm Tech layoff tracker - layoffs.fyi A general discussion on AI Zuckerberg's Plan for AI Hinges on Your Facebook and Instagram Data The panel looks back at the proto-internet Reddit Doesn't Have to Share IP-Addresses of Piracy Commenters, Court Rules David Kahn, Leading Historian of Codes and Code Breaking, Dies at 93 The passing of John Walker, programmer and co-founder of AutoDesk Host: Leo Laporte Guests: Cathy Gellis, Harry McCracken, and Nicholas De Leon Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: bitwarden.com/twit Miro.com/podcast kolide.com/twit NetSuite.com/TWIT robinhood.com/boost

Bluesky Goes Public, Zuck's AI plans The panel discusses the Apple Vision Pro Transcribe Glass X rival Bluesky launches to public with option to pick your algorithm Tech layoff tracker - layoffs.fyi A general discussion on AI Zuckerberg's Plan for AI Hinges on Your Facebook and Instagram Data The panel looks back at the proto-internet Reddit Doesn't Have to Share IP-Addresses of Piracy Commenters, Court Rules David Kahn, Leading Historian of Codes and Code Breaking, Dies at 93 The passing of John Walker, programmer and co-founder of AutoDesk Host: Leo Laporte Guests: Cathy Gellis, Harry McCracken, and Nicholas De Leon Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: bitwarden.com/twit Miro.com/podcast kolide.com/twit NetSuite.com/TWIT robinhood.com/boost

Bluesky Goes Public, Zuck's AI plans The panel discusses the Apple Vision Pro Transcribe Glass X rival Bluesky launches to public with option to pick your algorithm Tech layoff tracker - layoffs.fyi A general discussion on AI Zuckerberg's Plan for AI Hinges on Your Facebook and Instagram Data The panel looks back at the proto-internet Reddit Doesn't Have to Share IP-Addresses of Piracy Commenters, Court Rules David Kahn, Leading Historian of Codes and Code Breaking, Dies at 93 The passing of John Walker, programmer and co-founder of AutoDesk Host: Leo Laporte Guests: Cathy Gellis, Harry McCracken, and Nicholas De Leon Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: bitwarden.com/twit Miro.com/podcast kolide.com/twit NetSuite.com/TWIT robinhood.com/boost

Bluesky Goes Public, Zuck's AI plans The panel discusses the Apple Vision Pro Transcribe Glass X rival Bluesky launches to public with option to pick your algorithm Tech layoff tracker - layoffs.fyi A general discussion on AI Zuckerberg's Plan for AI Hinges on Your Facebook and Instagram Data The panel looks back at the proto-internet Reddit Doesn't Have to Share IP-Addresses of Piracy Commenters, Court Rules David Kahn, Leading Historian of Codes and Code Breaking, Dies at 93 The passing of John Walker, programmer and co-founder of AutoDesk Host: Leo Laporte Guests: Cathy Gellis, Harry McCracken, and Nicholas De Leon Download or subscribe to this show at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: bitwarden.com/twit Miro.com/podcast kolide.com/twit NetSuite.com/TWIT robinhood.com/boost

Jonathan Taylor, K1RFD, has reached his 50th year has a ham radio operator, is the creator of Echolink, one of the first amateur radio Voice over Internet Service linking amateur radio stations, the receiver of technical innovation awards, and author of "VoIP: Internet Linking for Radio Amateurs", now in its second edition.  K1RFD checks all of the ham radio boxes for operating, homebrewing, software development, radio restoration, and is my QSO Today.

Does anyone remember....Dial up modems? How about AOL? Compuserve? Prodigy? These used to be the who's who of the online experience. Sometimes it's important to remember how early we are in this #web3 stuff...

Mon, 04 Dec 2023 22:00:00 GMT http://relay.fm/upgrade/489 http://relay.fm/upgrade/489 The Future Is on CompuServe 489 Jason Snell and Myke Hurley Myke returns to the show to discuss chip packaging (in the U.S.A.) and the potential of AI models to make using a computer easier. Then, by request, we spend some time talking about how we got into this business. Myke returns to the show to discuss chip packaging (in the U.S.A.) and the potential of AI models to make using a computer easier. Then, by request, we spend some time talking about how we got into this business. clean 6703 Myke returns to the show to discuss chip packaging (in the U.S.A.) and the potential of AI models to make using a computer easier. Then, by request, we spend some time talking about how we got into this business. This episode of Upgrade is sponsored by: Squarespace: Save 10% off your first purchase of a website or domain using code UPGRADE. Memberful: Best-in-class membership software for independent creators, publishers, educators, podcasters, and more. Get started now, no credit card required. Backblaze: Unlimited cloud backup for Macs and PCs for just $9/month. Vitally: A new era for customer success productivity. Get a free pair of AirPods Pro when you book a qualified meeting. Links and Show Notes: Get Upgrade+. More content, no ads. Submit Feedback Give the Gift of a Relay FM Membership Apple announces expanded partnership with Amkor for silicon packaging - Apple Apple original film 'Killers of the Flower Moon' will be available to buy/rent from tomorrow - 9to5Mac Apple to Discontinue Custom 5G Modem Development, Claim Reports - MacRumors Apple to Drop Goldman Sachs for Apple Card; Chase Bank Is Ideal Replacement - Bloomberg Apple Pulls Plug on Goldman Credit-Card Partnership - WSJ Apple Ending Apple Card Partnership With Goldman Sachs - MacRumors Ex-Apple employees new startup wants to bring AI to the desktop - The Verge Software Applications Incorporated Spotify is going to clone podcasters' voices — and translate

Mon, 04 Dec 2023 22:00:00 GMT http://relay.fm/upgrade/489 http://relay.fm/upgrade/489 Jason Snell and Myke Hurley Myke returns to the show to discuss chip packaging (in the U.S.A.) and the potential of AI models to make using a computer easier. Then, by request, we spend some time talking about how we got into this business. Myke returns to the show to discuss chip packaging (in the U.S.A.) and the potential of AI models to make using a computer easier. Then, by request, we spend some time talking about how we got into this business. clean 6703 Myke returns to the show to discuss chip packaging (in the U.S.A.) and the potential of AI models to make using a computer easier. Then, by request, we spend some time talking about how we got into this business. This episode of Upgrade is sponsored by: Squarespace: Save 10% off your first purchase of a website or domain using code UPGRADE. Memberful: Best-in-class membership software for independent creators, publishers, educators, podcasters, and more. Get started now, no credit card required. Backblaze: Unlimited cloud backup for Macs and PCs for just $9/month. Vitally: A new era for customer success productivity. Get a free pair of AirPods Pro when you book a qualified meeting. Links and Show Notes: Get Upgrade+. More content, no ads. Submit Feedback Give the Gift of a Relay FM Membership Apple announces expanded partnership with Amkor for silicon packaging - Apple Apple original film 'Killers of the Flower Moon' will be available to buy/rent from tomorrow - 9to5Mac Apple to Discontinue Custom 5G Modem Development, Claim Reports - MacRumors Apple to Drop Goldman Sachs for Apple Card; Chase Bank Is Ideal Replacement - Bloomberg Apple Pulls Plug on Goldman Credit-Card Partnership - WSJ Apple Ending Apple Card Partnership With Goldman Sachs - MacRumors Ex-Apple employees new startup wants to bring AI to the desktop - The Verge Software Applications Incorporated Spotify is going to clone podcasters' voices — and t

There was a time where people couldn't email each other unless they were using the same email client. That changed when developers came up with a protocol that made it so it didn't matter if you were using AOL or CompuServe or Prodigy — it just worked. The same analogy explains how things work in the Fediverse, an open-source system of interconnected, interoperable social networks. The Fediverse is powered by a protocol called ActivityPub, which provides an API for creating, updating and deleting content across several platforms.What does ActivityPub unlock for product builders and tech entrepreneurs? How will social networks without walled gardens change our relationship to content and to each other? Why does any of this matter? In this episode, host Mike McCue talks to Evan Prodromou, one of the co-authors of ActivityPub. Evan is an entrepreneur, technologist and advocate of open source software. He's also the Director of Open Technology at the Open Earth Foundation. Highlights from this conversation include:the history of the W3C and ActivityPubwhy the protocol is so important to Evanwhat's surprised Evan most about its adoptionwhy this work is so consequentialwhat it will unlock for innovation

Tom Conrad is the CEO of Zero and on the board of Sonos. He began his career in engineering at Apple, where he helped build key features that remain in iOS today. Tom was previously the VP of Product at Snap and the chief technology officer of Pandora. He also held leadership positions at notable tech flops Pets.com and Quibi, giving him a unique perspective not only on what it takes to build a successful company but also on lessons from failure. In today's conversation, we discuss:• Lessons learned from the infamous failures of Pets.com and Quibi• Lessons learned from the successes of Apple, Pandora, and Snap• Advice on choosing where to work• Understanding the math formula of a business• How to avoid burnout• Why Tom says not everyone needs to be a founder• What he's building now—Brought to you by Coda—Meet the evolution of docs | Jira Product Discovery—Atlassian's new prioritization and roadmapping tool built for product teams | HelpBar by Chameleon—the free in-app universal search solution built for SaaS—Find the transcript at: https://www.lennyspodcast.com/billion-dollar-failures-and-billion-dollar-success-tom-conrad-quibi-pandora-petscom-snap-ze/#transcript—Where to find Tom Conrad:• X: https://twitter.com/tconrad• LinkedIn: https://www.linkedin.com/in/tomconrad/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Tom's background(04:40) Landing a gig at Apple(07:41) Pioneering the blinking folder design on iOS(11:04) Advice on choosing where to work(12:43) The importance of trusting your gut when it comes to people(14:05) Lessons from failed ventures(17:32) Why and how Pets.com shut down (18:30) How Tom's experience at Quibi renewed his passion for building(28:48) Takeaways from Quibi and why it ultimately failed(31:42) Failing is okay(35:04) Tom's career at Apple(39:11) Lessons from You Don't Know Jack(40:24) Lessons from building Pandora(48:24) Looking back at Pandora and what could have been done differently(55:17) How Tom became VP of Product at Snapchat(1:01:31) Tom's philosophy on being involved as CEO(1:05:51) Tom's current role as CEO of Zero, and what he's learned along the way(1:10:37) How Zero builds product(1:18:33) Advice on work-life balance (1:27:22) Contrarian corner: why not everyone needs to be a founder(1:30:08) Lightning round—Referenced:• Ron Lichty on LinkedIn: https://www.linkedin.com/in/ronlichty/• What happened to Pets.com?: https://fourweekmba.com/pets-com-failure/• 11 reasons why Quibi crashed and burned in less than a year: https://www.theverge.com/2020/10/22/21528404/quibi-shut-down-cost-subscribers-content-tv-movies-katzenberg-whitman-tiktok-netflix• Meg Whitman: https://en.wikipedia.org/wiki/Meg_Whitman• Jeffrey Katzenberg on LinkedIn: https://www.linkedin.com/in/jeffrey-katzenberg-4b3b47123/• John Sculley on LinkedIn: https://www.linkedin.com/in/johnsculley/• Flickr: https://www.flickr.com/• How Pandora Soothed the Savage Beast: https://www.fastcompany.com/3001052/how-pandora-soothed-savage-beast• Joe Kennedy on LinkedIn: https://www.linkedin.com/in/joe-kennedy-329417/• Why Did Yahoo Pay $160 Million for Musicmatch?: https://www.wired.com/2007/07/why-did-yahoo-p/• TikTok Is the New TV: https://www.wired.com/story/tiktok-new-show-tv-takeover/• Evan Spiegel on X: https://twitter.com/evanspiegel• Brian Chesky's new playbook: https://www.lennyspodcast.com/brian-cheskys-new-playbook/• What sets great teams apart | Lane Shackleton (CPO of Coda): https://www.lennyspodcast.com/what-sets-great-teams-apart-lane-shackleton-cpo-of-coda/• Flashtags: https://lane.substack.com/p/flashtags• Patrick Spence on LinkedIn: https://www.linkedin.com/in/patrickspence/• The Philosophy of Ikigai: 3 Examples About Finding Purpose: https://positivepsychology.com/ikigai• The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life: https://www.amazon.com/Subtle-Art-Not-Giving-Counterintuitive/dp/0062457713• High Growth Handbook: Scaling Startups from 10 to 10,000 People: https://www.amazon.com/High-Growth-Handbook-Elad-Gil/dp/1732265100• Hyperion: https://www.amazon.com/Hyperion-Cantos-Dan-Simmons/dp/0553283685• A Fire Upon the Deep: https://www.amazon.com/Fire-Upon-Deep-Zones-Thought/dp/0812515285/• Mrs. Davis on Peacock: https://www.peacocktv.com/stream-tv/mrs-davis• Watchmen on HBO: https://www.hbo.com/watchmen• Lost on Hulu: https://www.hulu.com/series/lost-466b3994-b574-44f1-88bc-63707507a6cb• Eartune replacement tips: https://eartune.com/products/eartune-fidelity-ufa• Charles Eames's quote: https://www.brainyquote.com/quotes/charles_eames_169188• Compuserve: https://www.compuserve.com/• Steve Wilhite: https://en.wikipedia.org/wiki/Steve_Wilhite—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe

CEOs and CFOs … hey, this show is for you. Let's start here: What do all of these numbers have in common: $140,000, $3 million, $35 million, and $3 billion? These are all actual examples of how much employers, unions, and some public entities saved on healthcare benefits for themselves and their employees. The roadmap to saving 25% on pharmacy spend and/or 15% on total cost of care in ways that improve employee health and satisfaction always begins when one thing happens. There's one vital first step. That first step is CEOs and/or CFOs or their equivalents roll up their sleeves and get involved in healthcare benefits. Why can't much happen without you, CEOs and CFOs? Here's the IRL: In 2023, the healthcare industry has been financialized. There is a whole financial layer in between your company and its healthcare benefits. And unless the C-suite is involved here and bringing their financial acumen and organizational willpower to the equation, your company and your employees are currently paying hundreds of thousands, maybe millions, of dollars too much and doing so within a business model that deeply exacerbates inequities. There are people out there who are very strategically taking wild advantage of a situation where CEOs/CFOs fear anything to do with healthcare in the title and don't do their normal level of due diligence. You think it's an accident that this whole space got so “complicated”? HR needs your help. Bottom line, if you are a CEO or CFO and you do not know everything that Mark Cuban and Ferrin Williams talk about on the pod today … wow, are you getting shellacked. Mark Cuban uses a different word. Healthcare benefits are, after all, for most companies the second biggest line-item expense after payroll. But don't despair here, because all of this information is really and truly actionable. Others out there are cutting zeros off of their spend and actually doing it in ways that are a total win for employees as well. My guest today, Mark Cuban, is a CEO, after all; and when he looked into it, it took him T-minus ten minutes to figure out just the order of magnitude that his “trusted” benefits consultants and PBM (pharmacy benefit manager) and ASOs (administrative services only) and others were extracting from his business. He pushed back. So can you. But just another reason to dig into that financial layer wrapping around your employee health benefits right now, you might get sued by your employees. Below is an ad currently being sent around on LinkedIn by class action attorneys recruiting employee plan members to sue their employers for ERISA (Employee Retirement Income Security Act of 1974) violations. It's the same attorneys, by the way, from those 401(k) class action lawsuits. I've talked to a few CEOs and CFOs who are scrambling to get ahead of that. You might want to consider doing so as well. Now, for my HR professional listeners, considering that some of what Mark Cuban says in the pod that follows is indeed a little spicy, let me just recognize that the struggle is real. There are multiple competing priorities out there in the real world, for sure. And bottom line, because of those multiple competing priorities out there in the real world, it's really vital that everybody work together up and down the organization in alignment. Lauren Vela talks a lot about these realities here in episode 406. This is a longer show than normal, but it's also like a show and a half. Mark Cuban talks not only about his work with Mark Cuban Cost Plus Drugs, which is a company that buys drugs direct from manufacturers and sells them for cost plus 15%, a dispensing fee, and shipping. It's kind of crazy how so often that price is cheaper, sometimes considerably cheaper, than the price that plan members would have paid using their insurance—and the price that the plan is currently paying the PBM. Most Relentless Health Value Tribe members (ie, regular listeners of this show) will already know all that, but what is also fascinating that Mark talks about is what he's doing with his own businesses and the Mavericks on other fronts, like dealing with hospital prices. In this show, we also talk the language of indie pharmacies, fee-only benefits consultants, TPAs (third-party administrators), PBMs, and providers doing direct contracting. There are, in fact, entities out there trying to do the right thing; and Mark acknowledges that. Ferrin Williams, PharmD, MBA, who is also my guest today, is chief pharmacy officer at Scripta and an expert in pharmacy benefits. She adds some great points and some context to this conversation. Scripta is partnering with Mark Cuban Cost Plus Drugs. Scripta has a neat Med Mapper tool and also services to help employees find the lowest costs for their prescriptions. If you are a self-insured employer, for sure, check out Scripta. Here are links to other shows that you should listen to now if you are inspired to take action. I would recommend the shows with Paul Holmes (EP397); Dan Mendelson (Encore! EP385); Andreas Mang (upcoming); Rob Andrews (EP415); Cora Opsahl (EP372); Lauren Vela (EP406); Peter Hayes (EP346); Gloria Sachdev, PharmD, and Chris Skisak, PhD (EP390); and Mike Thompson (EP389). Also Mark Cuban mentions in this show the beverage distributor L&F Distributors. Thanks to Ge Bai, Andreas Mang, Lauren Vela, Andrew Gordon, Andrew Williams, Cora Opsahl, Kevin Lyons, Pat Counihan, David Dierk, Connor Dierk, John Herrick, Helen Pfister, Kristin Begley, AJ Loiacono, and Joey Dizenhouse for your help preparing for this interview. For a full transcript of this episode, click here.   You can learn more at Mark Cuban Cost Plus Drug Company and Scripta Insights. You can also connect with Scripta and Ferrin on LinkedIn.     Mark Cuban has been a natural businessman since the age of 12. Selling garbage bags door to door, the seed was planted early on for what would eventually become long-term success. After graduating from Indiana University—where he briefly owned the most popular bar in town—Mark moved to Dallas. After a dispute with an employer who wanted him to clean instead of closing an important sale, Mark created MicroSolutions, a computer consulting service. He went on to later sell MicroSolutions in 1990 to CompuServe. In 1995, Mark and longtime friend Todd Wagner came up with an internet-based solution to not being able to listen to Hoosiers basketball games out in Texas. That solution was Broadcast.com—streaming audio over the internet. In just four short years, Broadcast.com (then Audionet) would be sold to Yahoo! Since his acquisition of the Dallas Mavericks in 2000, Mark has overseen the Mavs competing in the NBA Finals for the first time in franchise history in 2006—and becoming NBA World Champions in 2011. Mark first appeared as a “Shark” on the ABC show Shark Tank in 2011, becoming the first ever to live Tweet a TV show. He has been a star on the hit show ever since and is an investor in an ever-growing portfolio of small businesses. Mark is the best-selling author of How to Win at the Sport of Business. He holds multiple patents, including a virtual reality solution for vestibular-induced dizziness and a method for counting objects on the ground from a drone. He is the executive producer of movies that have been nominated for seven Academy Awards: Good Night and Good Luck and Enron: The Smartest Guys in the Room. Mark established Sharesleuth, a research and investigation Web site to uncover fraud in financial markets, and endowed the Electronic Frontier Foundation's Mark Cuban Chair to Eliminate Stupid Patents, an effort to fight patent trolls. Mark gives back to the communities that promoted his success through the Mark Cuban Foundation. The Foundation's AI Bootcamps Initiative hosts free Introduction to AI Bootcamps for low-income high schoolers, starting in Dallas. Mark also saved and annually funds the Dallas Saint Patrick's Day Parade, the largest parade in Dallas and a city institution. In January 2022, he started Mark Cuban Cost Plus Drug Company as an effort to disrupt the drug industry and to help end ridiculous drug prices because every American should have access to safe, affordable medicines. Ferrin Williams, PharmD, MBA, is chief pharmacy officer of Scripta. With 15+ years' experience in the pharmacy industry, Ferrin brings a unique perspective to Scripta that spans the retail pharmacy, pharmacy benefit manager (PBM), and broker/consulting sectors. Her expertise ranges from pharmacy operations and services to innovative clinical programs, pharmacy audit, alternative payer funding, and specialty drugs. As chief pharmacy officer, Ferrin leads the company's clinical strategies organization responsible for devising innovative cost-containment strategies for prescription drugs, ensuring Scripta clients, members, and their providers are provided with best-in-class clinical insights and tools. Ferrin earned her bachelor's, Doctor of Pharmacy, and MBA degrees from the University of Oklahoma.   05:41 What was Mark Cuban's own journey as a self-insured employer with Cost Plus Drug Company? 06:56 What did Mark find when he decided to go through and look through his company's benefit program? 08:23 “When you think it through, you start to realize that money is being spent primarily by your sickest employees.” —Mark 09:13 How do you get CEOs and CFOs of self-insured employers to realize that their sickest employees are the ones subsidizing their checks? 12:10 What is the role of insurance in healthcare? 13:42 “If you can't convince them, confuse them and hide it.” —Mark 14:35 The reality behind getting a rebate check. 15:32 Why are rebates going away, and why isn't that changing PBM earnings? 18:17 How do you get CEOs and CFOs to dig into their benefits plan? 20:13 Does morally abhorrent move the needle? 20:47 “What we're trying to do is just simplify the [healthcare] industry.” —Mark 23:33 What's been changing in consumer behavior? 24:18 “Transparency is a huge part of building that trust.” —Ferrin 24:33 Why CEOs and CFOs really have the power to change healthcare. 31:42 What are Cost Plus Drugs' plans to expand? 38:36 Where is the future of the prescription drug market going? 41:25 What will happen to the prescription drug market in 10 to 20 years? 47:56 The wake-up call self-insured employers should be acknowledging now. 51:18 Where is the real change in the healthcare industry going to come from?   You can learn more at Mark Cuban Cost Plus Drug Company and Scripta Insights. You can also connect with Scripta and Ferrin on LinkedIn.   @mcuban and Ferrin Williams provide advice for #CEOs and #CFOs of #selfinsuredemployers on our #healthcarepodcast. #healthcare #podcast   Recent past interviews: Click a guest's name for their latest RHV episode! Dan Mendelson (Encore! EP385), Josh Berlin, Dr Adam Brown, Rob Andrews, Justina Lehman, Dr Will Shrank, Dr Carly Eckert (Encore! EP361), Dr Robert Pearl, Larry Bauer (Summer Shorts 8), Secretary Dr David Shulkin and Erin Mistry  

In this episode of "From No Crypto To Know Crypto," Blockchain Wayne hosts Naga Samineni, the founder of MetaKeep. Naga, who previously worked on significant projects at Microsoft, Twitter, and Facebook, discusses his journey into the blockchain space. He emphasizes the importance of user experience in the crypto world, noting that while blockchain offers immense value, its adoption is hindered by complex onboarding processes. MetaKeep's primary goal is to achieve 100% blockchain adoption by eliminating the friction users face when creating wallets. Naga highlights the need for a seamless transition from Web2 to Web3, where users don't have to think about the technicalities of creating and managing wallets. He compares the current state of blockchain adoption to the early days of the internet, where users had to go through AOL or CompuServe to access the web. With MetaKeep, the idea is to make blockchain as ubiquitous and easy to access as broadband internet. The episode also delves into MetaKeep's partnership with FIO to launch the FIO wallet, which aims to simplify blockchain interactions for gamers. Naga sees immense potential in the gaming sector, where a seamless and user-friendly wallet experience can enhance gamers' interactions in the Web3 space.   To learn more about Metakeep: https://metakeep.xyz/ To learn more about FIO: https://www.fioprotocol.io/  To explore FIO Wallet for your project, email us at sales@fioprotocol.io 

Today's guest is Tyler Sellhorn.   Tyler is a teaching-oriented technologist. He creates and cultivates digital workplaces that produce results.   Show Summary:  In this podcast episode, Tyler Sellhorn, a teaching-oriented technologist and customer success manager, discusses the challenges and strategies for optimizing outputs in a distributed workplace. He emphasizes the importance of explicit communication, accountability, and clear processes for goal achievement in geographically diverse teams. Tyler also highlights the benefits of flexibility and personalized approaches to work. Additionally, he addresses common problems faced by companies, such as integrating systems, change management, and establishing team-level agreements. The episode also focuses on effective communication in a distributed workforce, including considering different communication channels and preferences, checking for understanding, and utilizing tools for efficient communication.    -------------------------------------------------------------- Intro [00:00:00]   Transitioning to a Distributed Workplace [00:02:08]   Measuring Outputs in a Distributed Workplace [00:07:58]   the impact of technology on education. [00:09:59].   establishing team-level agreements [00:14:55]   Different kinds of communication for different purposes [00:19:55]   Common pitfalls when transitioning to a distributed workforce [00:20:39]   Closing [00:25:00] -------------------------------------------------------------- Connect with Tyler:  Linkedin: http://linkedin.com/in/tyler-sellhorn  Twitter: https://twitter.com/tsellhorn Web: https://tsell.link   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: 00:00:00:00 - 00:00:21:20 Tyler Sellhorn Ari Optimizing for the outputs are the inputs. If we're optimizing for the inputs, we're going to require butts in seats where we can look at them. Right. Right. If we're optimizing for outputs, we are paying very close attention to the things that we are expecting. You are you have to inspect what you expect. You have to be able to say, did we do the thing?   00:00:21:24 - 00:00:43:05 Tyler Sellhorn And to be able to say back to the person, well done, you did the thing. Here is that bonus. Here is that that incentive pay. Here is like the next opportunity for you because of the work that you've done so far. Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate.   00:00:43:05 - 00:00:55:18 Sam Wilson Investing business into something big. Tyler Sell Hawthorne is a teaching oriented technologist. He creates and cultivates digital workplaces that produce results. Tyler, welcome to the show.   00:00:56:07 - 00:01:01:06 Tyler Sellhorn Thank you so much, Sam. It is a pleasure to be here learning out loud with you and your audience.   00:01:01:07 - 00:01:10:09 Sam Wilson Absolutely. The pleasure is mine. Tyler, there are three questions I ask every guest who comes on the show in 90 seconds or less. Can you tell me where did you start? Where are you now and how did you get there?   00:01:11:07 - 00:01:40:04 Tyler Sellhorn I started out as a teaching or a technology oriented teacher teaching secondary mathematics. So then I made a pivot, you know, as a middle aged person, to becoming a teaching oriented technologist, as a customer success manager for B2B SAS companies, helping companies be successful, working remotely, using software and where am I now? I am busy doing that on a much more general way.   00:01:40:17 - 00:01:52:22 Tyler Sellhorn So if you're listening today and you're looking at home, you know what? It would be nice to have not just a workplace, but workplaces, right. Including the digital space. I'm someone who can help you do that, man.   00:01:52:22 - 00:02:12:04 Sam Wilson That's really, really cool. I know this will be relevant to our listeners in the commercial real estate space. Just because our teams are so geographically diverse. That's right. I mean, gosh, we have a foremost $50 million portfolio and I work from home. All right. The members work from home. And it's like, okay, like.   00:02:12:04 - 00:02:26:23 Tyler Sellhorn How we're all from your own individual facilities, right? I mean, and you're not there on site, you know, managing that person. They're they're being trusted with responsibility and authority to act on your behalf, on the company's behalf, in those places that they happen to be correct.   00:02:26:24 - 00:02:49:08 Sam Wilson Right. And you know, it's funny, there's part of me that likes it and part of me that hates it. Like I was kind of looking at it right now and I'm like, you know, because we're scaling, especially here on, on, on our local operations, the in the laundry facility side of things. And I'm like, man, it's almost like it's almost time where we've got to have an office because we're missing some components that face to face.   00:02:49:08 - 00:03:00:22 Sam Wilson I mean, look how many Zoom meetings we have. I don't have many KPI calls I have with various team members throughout the week. Going through the reviews. There's nothing like just that cam camaraderie of face to face and it cuts both ways.   00:03:00:22 - 00:03:22:16 Tyler Sellhorn But the way, the way I express it is that the async time is about the work and the synchronous time is about the connection and then the in-person time. That's about those bonding moments where we're slapping backs, we're high fiving, we're hearing the echo of our laughter against the walls, right? We're doing those things that can only be done face to face in person.   00:03:22:16 - 00:03:37:15 Tyler Sellhorn Right? These monkey brains got a primate sometimes and it's really important that we do all of those things. It's a both and situation. It's spectrum's not squabbling over returning to the office. It's it's flexibility, not fights over when work should get done.   00:03:38:04 - 00:03:56:13 Sam Wilson Right? No, I love it. I love it. And you threw out a bunch of things there in your 92nd intro, which thanks for keeping that. That was probably 50 seconds. So that was that was well under time. Thanks. I appreciate that. Ding, ding, ding, ding, ding. You made it, man. You cross the finish line before anybody else. But no, seriously, there were some things that you threw in there.   00:03:56:14 - 00:04:15:15 Sam Wilson You know, we're commercial real estate people on this show. So you threw in like B2B sass and this and that and the other. And I'm like, I have no idea what you just said, so maybe I can break some of that down for going back to Monkey Brains. Yeah, me too. Tell a little bit more color on what it is you do and then then we'll get into more weeds.   00:04:15:15 - 00:04:17:04 Sam Wilson So anyway, I'd love to hear that.   00:04:17:12 - 00:04:37:05 Tyler Sellhorn It's really important to make all of those implicit things that used to come along with being in the same office every day at the same times, right? That kind of came along for the ride that were like assumed by everyone that showed up there that this is when we do work, this is how we do it, this is how I communicate.   00:04:37:14 - 00:05:00:15 Tyler Sellhorn And now that we're in a much more distributed and flexible environment, you know, sometimes that scary remote word, right? Right. It's you have to become much more explicit about the the wheres and whens and how we communicate and get things done. That's where the tension and frustration come in, where you're saying said, I really liked this this office thing that I used to have.   00:05:00:15 - 00:05:18:09 Tyler Sellhorn Right. Well, what is it that you liked about it? Well, the only way that those things are going to exist in a distributed environment is if you make a plan and execute on that plan and then reflect on whether or not you actually accomplished the outcome that you were seeking. And sometimes it's going to require being in person.   00:05:18:17 - 00:05:53:05 Tyler Sellhorn You know, very often you see, you know, I've worked in globally distributed customer experience teams. I led a team of 25 people from Seattle to Melbourne. Right. And we saw each other once a year together, optionally. Okay. All right. So so one of the things that's really important to recognize is that when you are operating in that way, that says, okay, we may or may not be present with one another, how you gather those KPIs that you're talking about and how you talk about them and where they're posted and how we can access them.   00:05:53:13 - 00:06:11:05 Tyler Sellhorn There needs to be a process that is really, really explicit. That's the bullet points, sub bullets, right? How do we do these things? And once you have that rock solid, you can start with a shared reality of how things are and then you can iterate from there to continue to improve.   00:06:12:08 - 00:06:15:06 Sam Wilson You say when you say shared reality, what do you mean by that?   00:06:15:20 - 00:06:37:15 Tyler Sellhorn I mean, this is our number. This is your number that impacts that number. And everyone gets to see, right, how are we doing? How do we have the shared accountability? We're not hitting our number because so-and-so is not hitting their number. Right. How do we communicate those things to say on a regular cadence? When do we look at these numbers?   00:06:37:21 - 00:06:58:10 Tyler Sellhorn And even just having the, you know, very often you have a leaderboard, right, in a sales team, right. In saying, you know, who's who's up top. Now, you know, you can think of the always be closing, right? If you're in third, you're getting a new job type of thing, maybe it doesn't need to be that hard nosed in like cutthroat.   00:06:58:20 - 00:07:35:04 Tyler Sellhorn But I do think that having a shared accountable party of what we are doing and how that contributes to that one number or set of numbers that you have, where is that shared workplace that has that number where everyone can see it? Maybe, maybe it's in your physical workplace, like you're in your home office, maybe you have a spot that has the number displayed or maybe it's a dashboard inside of your Google workspace that says, okay, I can always go to this link and find the information that I'm trying to, you know, contribute towards, Oh, I move the number today and there we go.   00:07:35:10 - 00:07:49:01 Tyler Sellhorn And for your boss to say, well done, you contributed to the number today. Way to go. If you're not doing that on a regular cadence and or even having it something that can be accessed whenever, wherever you start doing that. Right.   00:07:49:11 - 00:08:11:09 Sam Wilson Right. Yeah. I think that's one of the cool things about the distributed workplace is the ability for people to kind of work at their own pace and at their own time like members that I mean one even she works and again, I don't need this position filled full time. So, you know, she works maybe 20 hours a week and it's usually Monday was a Friday and today she's like, hey, you know what?   00:08:11:09 - 00:08:14:19 Sam Wilson By the way, I'm working today and not tomorrow, okay? I don't care as long as you get your stuff done.   00:08:15:02 - 00:08:15:17 Tyler Sellhorn That's right.   00:08:15:18 - 00:08:16:13 Sam Wilson It's fantastic.   00:08:16:13 - 00:08:37:05 Tyler Sellhorn She's like, What are we optimizing for, Sam? Are we optimizing for the outputs or the inputs? If we're optimizing for the inputs, we're going to require butts in seats where we can look at them, right? Right. If if we're optimizing for outputs, we are paying very close attention to the things that we are expecting. When you are, you have to inspect what you expect.   00:08:37:12 - 00:08:52:08 Tyler Sellhorn You have to be able to say, did we do the thing? And to be able to say back to the person, well done, you did. The thing here is that bonus here is that that incentive pay here is like the next opportunity for you because of the work that you've done so far.   00:08:52:22 - 00:09:08:05 Sam Wilson Do you switching from I mean, input to output measurements? I mean, tests, secondary mathematics was a very input measurement. Yes, you measured test scores, but it was butts in seats for X number of days a year to count.   00:09:08:07 - 00:09:18:12 Tyler Sellhorn It was this co-located. Does it get Sam there were bells telling us to go from one mandatory meeting to another. Mandatory mean with none of the people that we would have chosen to be with if it was up to us.   00:09:18:13 - 00:09:20:01 Sam Wilson Oh, gosh.   00:09:20:01 - 00:09:41:24 Tyler Sellhorn Right. And I think, you know, here in my second career, right. I'm starting to like your take off some of those layers of trauma. Right. Right. And and and like I'm starting to identify with those students that really did not want to be there, right? Yeah. Sam, you maybe identify as that kind of approach, right? School wasn't for you, right?   00:09:42:05 - 00:10:12:01 Tyler Sellhorn And so I think that's one of the things that we need to transition from is this one size fits all. Like, you know, 1965, you know, industrial age kind of kind of version of things to a one size fits one version of things where, hey, Sam is building the business. That's his and according to his lights and setting the course and setting the sales by his own decision making and, you know, getting to the destination he chose to or not based upon his own efforts.   00:10:12:09 - 00:10:15:00 Tyler Sellhorn I think we're moving more and more towards that future.   00:10:15:00 - 00:10:48:22 Sam Wilson Oh, absolutely. I mean, again, we're kind of moving off of center topic. But I think it's important because one thing it's not that I hate to learn. I love learning. I just it's sitting at a desk to do it. That's right. This is awful. So, no, I think we've seen that in the education space. As as I mean, obviously, you can you can learn anything you want on the Internet now for it's right would cost to sit your butt in a seat for an entire semester and learn that same exact thing so pretty pretty cool what are what do you what do you see are the top maybe two or three problems that companies come   00:10:48:22 - 00:10:51:24 Sam Wilson to you to solve and how do you solve them?   00:10:52:14 - 00:11:21:13 Tyler Sellhorn Number one is getting disparate systems to talk to each other. What do you write? I mean, you have a Gmail address. How do I get the the information that I need to come in to my inbox? Right. I have this system. You've got, you know, inventory for the laundry business. Right. How do I know when I need to know it that we need to purchase more detergent?   00:11:21:20 - 00:11:44:22 Tyler Sellhorn Right. Right. I mean, I mean, that may be or I know that these systems are about to break. Right. I don't want to have to pay attention to that. I want to be notified of that automatically. Those are the kinds of systems that I help set up. So that and also related to people are also related to, you know, hiring, also related to, you know, customer inquiries.   00:11:44:22 - 00:12:13:22 Tyler Sellhorn You know, these are the kinds of things that can be automated or at least automated to the point where all it requires is a click or a set of clicks. Those are the kinds of operational know. How is that? I'm being very, very cool agnostic here. But you can think of specific systems like in the B2B space, like a huge one would be like slack, how do I get my Slack inbox to have all the information that I need without having to go to all the different apps, get all the apps, talk to it.   00:12:14:02 - 00:12:39:17 Tyler Sellhorn Right. I used email earlier. Right? How do I get all the apps to talk to to my email inbox so I don't have to be all over the place? I can click from the inbox and come back there. How do I get my one app to be the trunk of the knowledge tree? Or How do I get a system to be like, okay, well, I'm going to update this process on a regular cadence or based upon the the information that came in and the robots are watching instead of me.   00:12:39:23 - 00:12:49:11 Tyler Sellhorn Right. Because, you know, having a robot teammate, letting the computers, it turns out that computers can do stuff. Sam And very few people understand this at a deep level and I do.   00:12:49:17 - 00:12:52:23 Sam Wilson Right. Is that is that the technologist background in you coming out?   00:12:53:07 - 00:13:13:22 Tyler Sellhorn Oh, for sure. I built x86 computers in the basement with my dad, like we were one of the first thousands CompuServe customers or eventually AOL. Right, right. These are things that like, you know, the I know what a 14.4 board modem sounds like, not just a 96 K, right? Yeah. Yeah. So all of that stuff is, you know, things that are in my wheelhouse, right?   00:13:13:22 - 00:13:23:06 Tyler Sellhorn I know what a terminal is. App scripts, right? These are things that, like, are pretty nerdy and and I'm happy to be your computer nerd.   00:13:24:00 - 00:13:42:22 Sam Wilson That's awesome. So you saw the technology or what did you say, getting disparate systems to talk to each other? That's the first thing. Yes, you do. In what? Just just make me feel good here, because part of me thinks it's just us at the small little, you know, product scale. We are that some of these things I would imagine it's not true.   00:13:43:12 - 00:14:10:19 Tyler Sellhorn It's across the entire spectrum of work. It's crazy. And and enterprises are purchasing software that is very expensive. And then not using a fraction, maybe not using it at all. Right. It's really quite scary how few people actually engage with the robot teammates that have been purchased for them. And I mean this on a very, very small level.   00:14:10:23 - 00:14:44:10 Tyler Sellhorn You have the cheapest laptop that exists. There are things that it can do for you that you didn't even know was possible. And it's really, really great stuff and could make your life easier and you don't have to think about that anymore. Well, because. Because robots should do the robotic things and people can show up then as creative, empathetic humans that are engaging with other humans to get them to buy or to get them the help that they need to be able to succeed and feel good about what they're trying to accomplish.   00:14:44:10 - 00:14:46:14 Tyler Sellhorn That's what we want to be able to do in our businesses.   00:14:46:17 - 00:14:52:00 Sam Wilson Awesome. So you solve that problem first and foremost. What's the second thing that you like to solve?   00:14:52:13 - 00:15:09:21 Tyler Sellhorn Second thing is the change management surrounding that. So first of all, we want to get things you know, I was hinting at this in the previous answer. Right. But the first part is getting things to talk to each other now, how do I make use of that in a way that is going to be able to actually accomplish the outcome I'm seeking?   00:15:10:03 - 00:15:26:05 Tyler Sellhorn Right. So it's so it's the change management part where it's like, okay, we've got the system set up now. How do I use it? Well, right, because there is that human element, right. And it's to say, okay. And then I would say the third piece that that I really bring to bear. Right, is that team level agreement. Right.   00:15:26:05 - 00:15:43:04 Tyler Sellhorn And maybe that's just with yourself. If you're an individual or it's with your team or it's across your entire company is to say, okay, when am I working? And you've already communicated this already with someone that's assisting you. They work Monday, Wednesday, Friday, and they communicate with you when they're going to work on a Tuesday instead of a Wednesday.   00:15:43:06 - 00:16:03:15 Tyler Sellhorn Right. Right. That's a very, very basic thing that would be not obvious to everyone to say, like, oh, I should like, first of all, have a working schedule that is that is communicated right. And that if it changes, I need to say something about that, like those kinds of explicit statements about how we're going to work together. I help build that stuff as well.   00:16:03:21 - 00:16:16:00 Sam Wilson Right. No, that's so important. So, so, so very important. I love it. So you solve some three, three and they're interconnected systems, but yet very different, I would think across across the board the bits.   00:16:16:00 - 00:16:23:07 Tyler Sellhorn I've got to talk to the other bits. Right. And then you've got to be able to use that system that you've set up and then you've got to be able to communicate with others about it.   00:16:23:13 - 00:16:45:21 Sam Wilson Right? When, when a company is looking, no matter what the size, when they're looking at bringing on new team members in maybe, maybe they don't have a distributed workforce, what are some proper groundwork things? You know, and again, maybe, you know, there are some simple solutions like, you know, getting I hate email, by the way, Tyler, can I just say.   00:16:46:08 - 00:17:06:02 Tyler Sellhorn Hey, you know, I think that's the thing that when I was saying one size fits all to one size fits, one, when we work in an increasingly screen based, you know, like business. Right. It's really, really important to recognize that 100% of what you look at in that screen has been chosen by you.   00:17:07:03 - 00:17:07:13 Sam Wilson Yep.   00:17:08:01 - 00:17:19:15 Tyler Sellhorn It's really, really easy to blame other people about what's on your screen. And if you don't like email, stop using email.   00:17:19:19 - 00:17:30:10 Sam Wilson I'm doing my best buddy. I promise you train at training, but training our team members to not email me. I'm like, don't just don't use slack. We have channels for this. We have.   00:17:31:05 - 00:17:54:21 Tyler Sellhorn That. That's exactly right. And I think you should be let me just give you some direct instruction right away. You should have an auto responder for every one of your teammates set up in your email to say, I will not respond to you in this. This is in the wrong place. There should be an automated message that has the correct URL to be sent back to them based upon like a best guess.   00:17:54:21 - 00:18:05:03 Tyler Sellhorn Like you can even, you can teach the AI to like read the message and suggest the URL that you would assume is the correct channel that they should be posting it.   00:18:05:07 - 00:18:12:20 Sam Wilson Right. Yeah, because if it's an operations question, if it's a question, if it's a this like if it's a content question, like, yeah, me.   00:18:12:20 - 00:18:20:19 Tyler Sellhorn And that's first of all, don't email me. Second of all, here's a suggested place to put this. Instead, I will not be replying to this email.   00:18:20:20 - 00:18:42:24 Sam Wilson No. Amen to that. May I need I need more you in my life. Tyler, this is impressive. So as you said, though, every team is different. Every setup is different. A company, let's say they're looking to grow and they're looking to bring on some key team members. Are there people that you just simply have to have at the Home Office or is there a way to do it completely distributed?   00:18:42:24 - 00:18:43:15 Sam Wilson What's your thoughts?   00:18:44:10 - 00:18:57:09 Tyler Sellhorn I think it needs to work for that company. So you need to do the deep reflection and consideration for yourself. Will I need to be able to lay eyes on this person ever?   00:18:57:15 - 00:18:58:01 Sam Wilson Right.   00:18:58:17 - 00:19:22:15 Tyler Sellhorn Once a quarter, once a month, once a week, every day. Right. Like you as the business leader need to decide what is going to work for you and and that is going to inform how you show up. Right? Because Sam Wilson and Tyler Selman are completely different business leaders. I would much rather hire somebody that's awake when I'm asleep and we commute.   00:19:22:18 - 00:19:42:02 Tyler Sellhorn We touch base once in the morning, once in the evening, if needed. Right. Whereas, you know, maybe for you, you want somebody local, you want somebody that you can take out for a coffee, right? Right. And just just, you know, like, say, what's up? And that is going to inform how you show up in the talent marketplace.   00:19:42:11 - 00:20:06:18 Sam Wilson Yeah, absolutely. And also, you know, obviously, this goes without being sad, but it's also role dependent because there are roles that I don't ever I mean, I've had somebody work for me for eight years and we've never even talked on the phone. I mean, like you said, they're awake when I'm asleep and vice versa. The only and in this case, we did email, which is been my new push to get rid of email, but we did email so I do but.   00:20:06:18 - 00:20:22:18 Tyler Sellhorn You but but I think but I think even saying that like, okay, there's going to be certain kinds of communication that I do here, right. Versus another place. Right. Email might be for external partners. And if your internal we're going to have a trigger based on the domain that this came from. That's it. Okay, now, now, now we got it sorted, right?   00:20:22:18 - 00:20:33:15 Sam Wilson Yeah. I certainly under no circumstances can tell my equity investors that are writing six figure checks. Hey, buddy, you can't email me. Not a chance. I'm like, yes, right. Glad to be responding to your email. Thank you.   00:20:33:15 - 00:20:34:17 Tyler Sellhorn Sir. May I have another?   00:20:34:24 - 00:21:01:14 Sam Wilson I have another. I am at your disposal. Yeah. I mean, those are different different conversation for different time. So I like I like the way that you think through that. But but again, going back to kind of the question, obviously building it to where it makes sense for that different organization, we talked a little bit about the things that you try to solve upfront, but are there are there things that people should be looking at or thinking about kind of from a more holistic perspective as they look to grow from a distributed workforce perspective?   00:21:01:14 - 00:21:08:07 Sam Wilson I mean, these are things you go, man, these are some just common pitfalls that I really think if you got it right before you launched into this, would really solve some problems.   00:21:08:24 - 00:21:44:13 Tyler Sellhorn Number one, do not assume that the message you sent and intended was the one that was received and understood. Start with centering the others understanding and how they will receive that message. So business leaders start. They might be email poor people or they might be slack people, or they might never record themselves. But I invite out all of you listening to number one, record yourself on video and provide a summary of what you said.   00:21:45:20 - 00:22:08:04 Tyler Sellhorn A concise transcript and a full transcript, and record your tone of voice, record your facial expression like give the B omni channel. Likely we'd talk about being that kind of a business, you know, whether it's e-commerce or whether it's, you know, like the different kinds of properties we own, right? We want to be able to diversify the kinds of offerings we have.   00:22:08:10 - 00:22:32:09 Tyler Sellhorn Well, you need to do that in your communication. So if it's really, really important that this one message gets communicated, go for bandwidth, right? Don't back up from providing every single person their preferred mode of understanding what you have to say, because some people are only ever going to read the bullets. Right? Right. And some people are going to repeat like read the full transcript and then read it again.   00:22:32:17 - 00:22:53:20 Tyler Sellhorn And then maybe one more pass. They'll get it. Understood. And they won't ever watch your video. Other people will only watch your video and they'll be, they'll be, there'll be. But like if you don't do those things, if you don't provide those things, the message you're intending to send may or may not be understood. And then the second piece to tack on to that is to check for that understanding.   00:22:53:24 - 00:22:54:10 Tyler Sellhorn Hmm.   00:22:54:23 - 00:22:55:19 Sam Wilson How do you do that?   00:22:56:21 - 00:22:57:14 Tyler Sellhorn You ask.   00:22:58:01 - 00:22:58:11 Sam Wilson Okay.   00:22:58:21 - 00:23:25:22 Tyler Sellhorn What did you hear me saying? What do you want? What? When you read that the other day, like like what did you take away? Right. Hey. And also be willing to repeat yourself without annoyance, without judgment, right? Right. If it's that important, it's worth saying again in a different way, in a way that they will understand center, the understanding center, the receivers, understanding of your message.   00:23:26:01 - 00:23:45:15 Sam Wilson I love that. I love that. Yeah. And that's that's actually something again, going back to my hate of email, I sent a ton of video email me cast animatic. I think it's called screen pals with a little link right inside of your email. I mean I sent, I send verbal replies all the time because I can do it one in a fraction of the time.   00:23:45:15 - 00:24:09:23 Sam Wilson I just recorded say, hey Tyler man. Hey thanks send the email. Does want to get back to you on this here's a minute long video I have not started sending the it does auto transcript. I'm that thought about attachment. I'm a big if I listen to a podcast it's by reading the transcript like I can get on your website and if you got transcripts for your podcast which we do for all of our shows, but it's like, I can read that transcript in about 4 minutes.   00:24:10:08 - 00:24:29:06 Sam Wilson Yeah, I get the whole thing. I'm like, Okay, cool. The 28 minute podcast, I just got it in 4 minutes. And that was I learned everything that I would listen if I got it. And of course you missed the intonation in reading that. But either way, it's like you're saying when you're communicating with team members, distributed workforces, doing the all of those things, they can pick it up in the channels in which error, in the methods in which it makes sense to them.   00:24:29:06 - 00:24:45:00 Sam Wilson So I love it. Tyler, this has been a blast having you on the show today. I love the energy that you bring behind the mic. That's that's hard to come by, honestly. Oh, right. As a as a host of I've done 800 and some of these episodes and you probably ranking the top ten of energy behind the mic.   00:24:45:00 - 00:24:47:14 Sam Wilson So thanks. Thanks for doing that. This is a blast.   00:24:47:14 - 00:24:50:23 Tyler Sellhorn I've got enthusiasm to burn and happy to share it with you and your audience.   00:24:51:03 - 00:24:56:00 Sam Wilson Absolutely. If our listeners want to get in touch with you or learn more about you, what is the best way to do that?   00:24:56:13 - 00:25:05:19 Tyler Sellhorn I'm most active on LinkedIn and the place to get connected to me. There is t cell dot link, tsc, alcatel i n k.   00:25:06:02 - 00:25:12:20 Sam Wilson T cell dot link. We'll make sure to include that there in the show notes. Tyler, thank again for your time today. I do appreciate it.   00:25:12:20 - 00:25:13:20 Tyler Sellhorn Great to talk with you, Sam.   00:25:14:07 - 00:25:35:18 Sam Wilson Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts or whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories.   00:25:35:18 - 00:25:38:24 Sam Wilson So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

Jeanne Jennings has been working "Online" since the days that online was what we called the internet.  She told her incredible story, starting at Compuserve in 1989 and taking us through 20+ years of email marketing.  We touched on the challenges of email marketers, the interesting companies she's worked for, and her role as GM of Only Influencers.  As always there is plenty to unpack in here.    So enjoy whatever you're doing and get a little smarter, with Inboxing. 

We covered computer and internet copyright law in a previous episode. That type of law began with interpretations that tried to take the technology out of cases so they could be interpreted as though what was being protected was a printed work, or at least it did for a time. But when it came to the internet, laws, case law, and their knock-on effects, the body of jurisprudence work began to diverge.  Safe Harbor mostly refers to the Online Copyright Infringement Liability Limitation Act, or OCILLA for short, was a law passed in the late 1980s that  shields online portals and internet service providers from copyright infringement. Copyright infringement is one form of immunity, but more was needed. Section 230 was another law that protects those same organizations from being sued for 3rd party content uploaded on their sites. That's the law Trump wanted overturned during his final year in office but given that the EU has Directive 2000/31/EC, Australia has the Defamation Act of 2005, Italy has the Electronic Commerce Directive 2000, and lots of other countries like England and Germany have had courts find similarly, it is now part of being an Internet company. Although the future of “big tech” cases (and the damage many claim is being done to democracy) may find it refined or limited. That's because the concept of Internet Exceptionalism itself is being reconsidered now that the internet is here to stay. Internet Exceptionalism is a term that notes that laws that diverge from precedents for other forms of media distribution. For example, a newspaper can be sued for liable or defamation, but a website is mostly shielded from such suits because the internet is different. Pages are available instantly, changes be made instantly, and the reach is far greater than ever before. The internet has arguably become the greatest tool to spread democracy and yet potentially one of its biggest threats. Which some might have argued about newspapers, magazines, and other forms of print media in centuries past. The very idea of Internet Exceptionalism has eclipsed the original intent. Chris Cox and Ron Widen initially intended to help fledgling Internet Service Providers (ISPs) jumpstart content on the internet. The internet had been privatized in 1995 and companies like CompuServe, AOL, and Prodigy were already under fire for the content on their closed networks. Cubby v CompuServe in 1991 had found that online providers weren't considered publishers of content and couldn't be held liable for free speech practiced on their platforms in part because they did not exercise editorial control of that content. Stratton Oakmont v Prodigy found that Prodigy did have editorial control (and in fact advertised themselves as having a better service because of it) and so could be found liable like a newspaper would. Cox and Widen were one of the few conservative and liberal pairs of lawmakers who could get along in the decisive era when Newt Gingrich came to power and tried to block everything Bill Clinton tried to do.  Yet there were aspects of the United States that were changing outside of politics. Congress spent years negotiating a telecommunications overhaul bill that came to be known as The Telecommunications Act of 1996. New technology led to new options. Some saw content they found to be indecent and so the Communications Decency Act (or Title V of the Telecommunications Act) was passed in 1996, but in Reno v ACLU found to be a violation of the first amendment, and struck down by the Supreme Court in 1997. Section 230 of that act was specifically about the preservation of free speech and so severed from the act and stood alone. It would be adjudicated time and time and eventually became an impenetrable shield that protects online providers from the need to scan every message posted to a service to see if it would get them sued. Keep in mind that society itself was changing quickly in the early 1990s. Tipper Gore wanted to slap a label on music to warn parents that it had explicit lyrics. The “Satanic Panic” as it's called by history reused tropes such as cannibalism and child murder to give the moral majority an excuse to try to restrict that which they did not understand. Conservative and progressive politics have always been a 2 steps forward and 1 step back truce. Heavy metal would seem like nothin' once parents heard the lyrics of gagster rap.  But Section 230 continued on. It stated that “No provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by another information content provider.” It only took 27 words to change the world. They said that the people that host the content can't be sued for the content because, as courts interpreted it, it's free speech. Think of a public forum like a hall on a college campus that might restrict one group from speaking and so suppress speech or censer a group. Now, Section 230 didn't say it wasn't allowed to screen material but instead shielded providers from being held liable for that material. The authors of the bill felt that if providers would be held liable for any editing that they wouldn't do any. Now providers could edit some without reviewing every post. And keep in mind the volume of posts in message boards and of new websites had already become too much in the late 1990s to be manually monitored. Further, as those companies became bigger business they became more attractive to law suits.  Section 230 had some specific exclusions. Any criminal law could still be applied, as could state, sex trafficking, and privacy laws. Intellectual property laws also remained untouched, thus OCILLA. To be clear, reading the law, the authors sought to promote the growth of the internet - and it worked. Yelp gets sued over revues but cases are dismissed. Twitter can get sued over a Tweet when someone doesn't like what is said, but it's the poster and not Twitter who is liable. Parody sites, whistleblower sites, watchdog sites, revue sites, blogs, and an entire industry was born, which each player of what would later be known as the Web 2.0 market could self-regulate themselves.  Those businesses grew far beyond the message boards of the 1990s. This was also a time when machine learning became more useful. A site like Facebook could show a feed of posts not in reverse chronological order, but instead by “relevance.” Google could sell ads and show them based on the relevance of a search term. Google could buy YouTube and they could have ads on videos. Case after case poked at the edges of what could be used to hold a site liable. The fact that the courts saw a post on Reddit as free speech, no matter how deplorable the comments, provided a broad immunity to liability that was, well, exceptional in a way.  Some countries could fine or imprison people if they posted something negative about the royal family or party in charge. Some of those countries saw the freedom of speech so important as a weapon that could be used against the US in a way. The US became a safe haven in a way to free speech and many parts of the internet were anonymous. In this way (as was previously done with films and other sources of entertainment and news) the US began to export the culture of free speech. But every country also takes imports. Some of those were real, true ideas homegrown or brought in from abroad. Early posters of message boards maybe thought the Armenian Genocide was a hoax - or the Holocaust. A single post could ruin a career. Craigslist allowed for sex trafficking and while they eventually removed that, sites like Backpage have received immunity. So even some of the exceptions are, um, not. Further, extremist groups use pages to spread propaganda and even recruit soldiers to spread terror.  The courts found that sites were immune to suits over fake profiles on dating sites - even if it was a famous person and the person was getting threatening calls. The courts initially found sites needed to take down content if they were informed it was libelous - but have received broad immunity even when they don't due to the sheer amount of content. Batzel v Smith saw a lawyers firm ruined over false reports she was the granddaughter of Nazi Heinrich Himmler and the beneficiary of Nazi art theft, even though she wasn't - she too lost her case. Sites provide neutral tools and so are shielded from defamation - even if they're neutralish you rarely see them held to account. In Goddard v. Google, the Google Keyword Tool recommended that advertisers include the word “free” in mobile content, which Goddard claimed led to fraudulent subscription service recruitment. This was machine learning-based recommendations. The court again found provided the Keyword Tool was neutral that advertisers could adopt or reject the recommendation.  Still, time and time again the idea of safe harbor for internet companies and whether internet exceptionalism should continue comes up. The internet gave a voice to the oppressed, but also to the oppressors. That's neutrality in a way, except that the oppressors (especially when state sponsored actors are involved) often have more resources to drown out other voices, just like in real life. Some have argued a platform like Facebook should be held accountable for their part in the Capitol riots, which is to say as a place where people practiced free speech. Others look to Backpage as facilitating the exploitation of children or as a means of oppression. Others still see terrorist networks as existing and growing because of the ability to recruit online.  The Supreme Court is set to hear docket number 21-1333 in 2022. Gonzalez v. Google was brought by Reynaldo Gonzalez, and looks at whether 230 can immunize Google even though they have made targeted recommendations - in this case when ISIS used YouTube vides to recruit new members - through the  recommendation algorithm. An algorithm that would be neutral. But does a platform as powerful have a duty to do more, especially when there's a chance that Section 230 bumps up against anti-terrorism legislation. Again and again the district courts in the United States have found section 230 provides broad immunization to online content providers. Now, the Supreme Court will weigh in. After that, billions of dollars may have to be pumped into better content filtration or they may continue to apply broad first amendment guidance.  The Supreme Court is packed with “originalists”. They still have phones, which the framers did not. The duty that common law places on those who can disseminate negligent or reckless content has lost the requirement for reasonable care due to the liability protections afforded purveyors of content by Section 230. This has given rise to hate speech and misinformation. John Perry Barlow's infamous A Declaration of the Independence of Cyberspace in protest of the CDA was supported by Section 230 of that same law. But the removal of the idea and duty of reasonable care and the exemptions have now removed any accountability from what seems like any speech. Out of the ashes of accountability the very concept of free speech and where the duty of reasonable care lies may be reborn. We now have the ability to monitor via machine learning, we've now redefined what it means to moderate, and there's now a robust competition for eyeballs on the internet. We've also seen how a lack of reasonable standards can lead to real life consequences and that an independent cyberspace can bleed through into the real world.  If the Supreme Court simply upholds findings from the past then the movement towards internet sovereignty may accelerate or may stay the same. Look to where venture capital flows for clues as to how the First Amendment will crash into the free market, and see if its salty waters leave data and content aggregators with valuations far lower than where they once were. The asset of content may some day become a liability with injuries that could provide an existential threat to the owner. The characters may walk the astral plane but eventually must return to the prime material plane along their tether to take a long rest or face dire consequences. The world simply can't continue to become more and more toxic - and yet there's a reason the First Amendment is, well, first. Check out Twenty-Six Words Created the Internet. What Will It Take to Save It?

Originally published August 2014Jan Brandt is a legend in the world of marketing. She singlehandedly led the famous AOL "carpet-bombing" campaign that put millions of AOL trial discs and CDs in everything from magazines to popcorn boxes to banks. AOL was able to leap to the front of the online pack, over competitors like CompuServe and Prodigy largely on the success of this campaign. Jan tells us how this strategy developed, the thinking that went into it and goes into great detail about what worked and what didn't. But she was also a very early AOL executive, so she is able to give us some fantastic background about AOL the company: its culture, its people and its visionaries–people like Steve Case. She takes us from AOL's beginnings, through its considerable growing pains (remember "America On Hold?") its rise to dominance in the dot-com era, and even gives us her perspective on the legacy of the AOL/Time Warner merger.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On this episode, we continue our informal miniseries on the 1980s movies of director Martha Coolidge with a look back at her 1985 under appreciated classic, Real Genius. ----more---- TRANSCRIPT   From Los Angeles, California, the Entertainment Capital of the World, it's The 80s Movies Podcast. I am your host, Edward Havens. Thank you for listening today.   Before we hop in to today's episode, I want to thank every person listening, from whatever part of the planet you're at. Over the nearly four years I've been doing this podcast, we've had listeners from 171 of the 197 countries, and occasionally it's very surreal for this California kid who didn't amount to much of anything growing to think there are people in Myanmar and the Ukraine and other countries dealing with war within their borders who still find time to listen to new episodes of a podcast about 33 plus year old mostly American movies when they're released. I don't take your listenership lightly, and I just want you to know that I truly appreciate it. Thank you.   Okay, with that, I would like to welcome you all to Part Three of our informal miniseries on the 1980s movies of director Martha Coolidge.   When we left Ms. Coolidge on our previous episode, her movie Joy of Sex had bombed, miserably. But, lucky for her, she had already been hired to work on Real Genius before Joy of Sex had been released.   The script for Real Genius, co-written by Neal Israel and Pat Proft, the writers of Bachelor Party, had been floating around Hollywood for a few years. It would tell the story of a highly intelligent high school kid named Mitch who would be recruited to attend a prestigious CalTech-like college called Pacific Tech, where he would be teamed with another genius, Chris, to build a special laser with their professor, not knowing the laser is to be used as a weapon to take out enemy combatants from a drone-like plane 30,000 feet above the Earth.   ABC Motion Pictures, a theatrical subsidy of the American television network geared towards creating movies that could be successful in theatres before playing on television, would acquire the screenplay in the early 1980s, but after the relative failure of a number of their initial projects, including National Lampoon's Class Reunion and Young Doctors in Love, would sell the project off to Columbia Pictures, who would make the film one of the first slate of films to be produced by their sister company Tri-Star Pictures, a joint venture between Columbia, the cable network Home Box Office, and, ironically, the CBS television network, which was also created towards creating movies that could be successful in theatres before playing on television. Tri-Star would assign Brian Grazer, a television producer at Paramount who had segued to movies after meeting with Ron Howard during the actor's last years on Happy Days, producing Howard's 1982 film Night Shift and 1984 film Splash, to develop the film.   One of Grazer's first moves would be to hire Lowell Ganz and Babaloo Mandel, writers on Happy Days who helped to create Laverne and Shirley and Joanie Loves Chachi, to rewrite the script to attract a director. Ganz and Mandel had also written Night Shift and rewrote the script for Splash, and Grazer considered them his lucky charm. After trying to convince Ron Howard to board the project instead of Cocoon, Grazer would create a list of up and coming filmmakers he would want to work with. And toward the top of that list was Martha Coolidge.   Coolidge would naturally gravitate towards Real Genius, and she would have an advantage that no other filmmaker on Grazer's list would have: her fiancee, Michael Backes, was himself an egghead, a genius in physics and biochemistry who in the years to come would become good friends with the writer and filmmaker Michael Crichton, working as a graphics supervisor on the movie version of Chricton's book Jurassic Park, a co-writer of the screenplay based on Chricton's book Rising Sun, and an associate producer on the movie version of Chricton's book Congo.   Once Coolidge was signed on to direct Real Genius in the spring of 1984, she and Backes would work with former SCTV writer and performer PJ Torokvei as they would spend time talking to dozens of science students at CalTech and USC, researching laser technology, and the policies of the CIA. They would shape the project to something closer to what Grazer said he loved most about its possibility, the possibility of genius. "To me,” Grazer would tell an interviewer around the time of the film's release, “a genius is someone who can do something magical, like solve a complex problem in his head while I'm still trying to figure out the question. I don't pretend to understand it, but the results are everywhere around us. We work, travel, amuse ourselves and enhance the quality of life through technology, all of which traces back to what was once an abstract idea in the mind of some genius.”   When their revised screenplay got the green light from the studio with an $8m budget, Grazer and Coolidge got to the task of casting the film. While the young genius Mitch was ostensibly the lead character in the film, his roommate Chris would need a star to balance out the relative obscurity of his co-star. A number of young actors in Hollywood would be seen, but their choice would be 25 year old Val Kilmer, whose first movie, Top Secret!, had not yet opened in theatres but had hot buzz going for it as the followup film for the Airplane! writing/directing team of Zucker, Abrahams and Zucker.   Fourteen year old Gabe Jarret, whose only previous film work had been in a minor role in the 1981 Tony Danza/Danny DeVito comedy Going Ape!, would land the coveted role of Mitch, while supporting roles would go to Coolidge's former costars Michelle Meyrink, Deborah Foreman and Robert Prescott, as well as William Atherton, who at the time was on movie screens as Walter Peck, the main human antagonist to the Ghostbusters, as Chris and Mitch's duplicitous professor, Jerry Hathaway, and Patti D'Arbanville, who had made a splash on screens in 1981 as Chevy Chase's long-suffering girlfriend in Modern Problems.   Shooting would begin on Real Genius in Southern California on November 12th, 1984. Most of the film would be shot on sets built at the Hollywood Center Studios, just a few blocks west of the Paramount Studios lot, while several major set pieces, including the memorable finale involving Professor Hathaway's house, a space laser and 190,000 pounds of popcorn, were shot in the then quiet suburban area of Sand Canyon, a few miles east of Magic Mountain, a popular theme park and filming area about 45mins north of Hollywood Center Studios. Outdoor scenes standing in for the Pacific Tech campus would be filmed at Occidental College in Eagle Rock and Pomona College in Claremont, while some scenes would be filmed at General Atomics outside San Diego, standing in for an Air Force base in the film's climax. Shooting on the film would finish after the first of the year, giving Coolidge and her editor, Richard Chew, about seven months to get the film in shape for a planned August 7th, 1985, release.   Going in to the Summer 1985 movie season, Real Genius was positioned to be one of the hit films of the summer. They had a hot up and coming star in Val Kilmer, a hot director in Martha Coolidge, and a fairly solid release date in early August. But then, there ended up being an unusual glut of science fiction and sci-fi comedy movies in the marketplace at the same time. In March, Disney released the dinosaur-themed Baby: Secret of the Lost Legend, which was not a good film and bombed pretty bad. In June, there was the artificial intelligence film D.A.R.Y.L., which was not a good film and bombed pretty bad. In July, there was Back to the Future, which was a very good film and became one of the biggest successes of the year, and there was Explorers, Joe Dante's followup to Gremlins, which featured Ethan Hawke and River Phoenix as teenage boys who build their own spacecraft to explore outer space, and although it was one of the best movies released in the summer of 1985, it too bombed pretty bad.    But then, in a seven day period in early August, we had Weird Science, which was not very good and not very successful, Real Genius, and My Science Project, another Disney movie about a glowing orb thing from outer space that causes a lot of problems for a lazy high school student looking for something to use for his science class final, which is one of the worst movies of the year, and bombed worse than any of the other movies mentioned.   Weird Science, John Hughes' followup to his surprise hit The Breakfast Club, released only six months earlier, would open on August 1st, and come in fourth place with $4.9m from 1158 theatres. In its second weekend of release, Weird Science would lose 40% of its opening weekend audience, coming in fifth with $2.97m. But that would still be better than Real Genius, which opened on Wednesday, August 5th, which would come in sixth in its opening weekend, with $2.56m from 990 locations. My Science Project, opening on August 7th, could only manage to open in 13th place with $1.5m from 1003 theatres. That would be worse than a reissue of E.T. in its fourth weekend of release.   In its second weekend, Real Genius would only drop 14% of its opening weekend audience, coming in with $2.2m from 956 locations, but after a third weekend, losing a third of its screens and 46% of its second week audience, Real Genius would be shuttled off to the dollar houses, where it would spend another seventeen weeks before exiting theatres with only $12.95m worth of tickets sold.   However, it is my personal opinion is that the film failed to find an audience because it was perceived as being too smart for a simple audience. Real Genius celebrates intelligence. It doesn't pander to its audience. In many ways, it belittles stupidity, especially Mitch's moronic parents. Revenge is dished out in the most ingenious ways, especially at the end with Professor Hathaway's house, to the point where the science behind how Chris and Mitch did what the did is still actively debated thirty-eight years later. Caltech students served as consultants on the film, and played students in the background, while Dr. Martha Gunderson, a physics professor at USC whose vast knowledge about lasers informed the writers during the development stage, played a math professor on screen. Finally, to help promote the film, Martha Coolidge and producer Brian Grazer held the first-ever online press conference through the CompuServe online service, even though there were less than 125,000 on the entire planet who had CompuServe access in August 1985.   Today, the film is rightfully regardless as a classic, but it wouldn't make Val Kilmer a star quite yet. That, of course, would happen in 1986, when he co-starred as Tom Cruise's frenemy in Tony Scott's Top Gun. Gabe Jarret would eventually become Gabriel Jarret, appearing in such movies as Karate Kid 3, Apollo 13 and The American President, and he continues to work in movies and on television to this day. Sadly, the same cannot be said for Michelle Meyrink, who would quit acting three years after making Real Genius, but we'll talk about that on our next episode. And, of course, William Atherton would cement his reputation as the chucklenut Gen Xers love to hate when he played the cocky television reporter Dick Thornburg in the first two Die Hard movies.   And with that, we come to the end of this episode. Thank you for joining us.    We'll talk again next week, when Episode 111, on Coolidge's 1988 comedy Plain Clothes, is released.   Remember to visit this episode's page on our website, The80sMoviePodcast.com, for extra materials about the movies we covered this episode.   The 80s Movies Podcast has been researched, written, narrated and edited by Edward Havens for Idiosyncratic Entertainment.   Thank you again.   Good night.

Computing has totally changed how people buy and experience travel. That process seemed to start with sites that made it easy to book travel, but as with most things we experience in our modern lives, it actually began far sooner and moved down-market as generations of computing led to more consumer options for desktops, the internet, and the convergence of these technologies. Systems like SABRE did the original work to re-think travel - to take logic and rules out of the heads of booking and travel agents and put them into a digital medium. In so doing, they paved the way for future generations of technology and to this day retain a valuation of over $2 billion.   SABRE is short for Semi-Automated Business Research Environment. It's used to manage over a third of global travel, to the tune of over a quarter trillion US dollars a year. It's used by travel agencies and travel services to reserve car rentals, flights, hotel rooms, and tours. Since Sabre was released services like Amadeus and Travelport were created to give the world a Global Distribution System, or GDS.    Passenger air travel began when airlines ferrying passengers cropped up in 1914 but the big companies began in the 1920s, with KLM in 1919, Finnair in 1923, Delta in 1925, American Airlines and Ryan Air in 1926,  Pan American in 1927, and the list goes on. They grew quickly and by 1926 the Air Commerce Act led to a new department in the government called Air Commerce, which evolved into the FAA, or Federal Aviation Administration in the US. And each country, given the possible dangers these aircraft posed as they got bigger and loaded with more and more fuel, also had their own such departments. The aviation industry blossomed in the roaring 20s as people traveled and found romance and vacation. At the time, most airlines were somewhat regional and people found travel agents to help them along their journey to book travel, lodgings, and often food. The travel agent naturally took over air travel much as they'd handled sea travel before.  But there were dangers in traveling in those years between the two World Wars. Nazis rising to power in Germany, Mussolini in Italy, communist cleansings in Russia and China. Yet, a trip to the Great Pyramid of Giza could now be a week instead of months. Following World War II, there was a fracture in the world between Eastern and Western powers, or those who aligned with the former British empire and those who aligned with the former Russian empire, now known as the Soviet Union. Travel within the West exploded as those areas were usually safe and often happy to accept the US dollar. Commercial air travel boomed not just for the wealthy, but for all. People had their own phones now, and could look up a phone number in a phone book and call a travel agent.  The travel agents then spent hours trying to build the right travel package. That meant time on the phone with hotels and time on the phone with airlines. Airlines like American head. To hire larger and larger call centers of humans to help find flights. We didn't just read about Paris, we wanted to go. Wars had connected the world and now people wanted to visit the places they'd previously just seen in art books or read about in history books. But those call centers grew. A company like American Airlines couldn't handle all of its ticketing needs and the story goes that the CEO was sitting beside a seller from IBM when they came up with the idea of a computerized reservation system. And so SABRE was born in the 1950s, when American  Airlines agreed to develop a real-time computing platform. Here, we see people calling in and pressing buttons to run commands on computers. The tones weren't that different than a punch card, really. The system worked well enough for American that they decided to sell access to other firms. The computers used were based loosely after the IBM mainframes used in the SAGE missile air defense system. Here we see the commercial impacts of the AN/FSQ-7 the US government hired IBM to build as IBM added the transistorized options to the IBM 704 mainframe in 1955. That gave IBM the interactive computing technology that evolved into the 7000 series mainframes.  Now that IBM had the interactive technology, and a thorough study had been done to evaluate the costs and impacts of a new reservation system, American and IBM signed a contract to build the system in 1957. They went live to test reservation booking shortly thereafter. But it turns out there was a much bigger opportunity here. See, American and other airlines had paper processes to track how many people were on a flight and quickly find open seats for passengers, but it could take an hour or three to book tickets. This was fairly common before software ate the world. Everything from standing in line at the bank, booking dinner at a restaurant, reserving a rental car, booking hotel rooms, and the list goes on.  There were a lot of manual processes in the world - people weren't just going to punch holes in a card to program their own flight and wait for some drum storage to tell them if there was an available seat. That was the plan American initially had in 1952 with the Magnetronic Reservisor. That never worked out. American had grown to one of the largest airlines and knew the perils and costs of developing software and hardware like this. Their system cost $40 million in 1950s money to build with IBM. They also knew that as other airlines grew to accommodate more people flying around the world, that the more flights, the longer that hour or three took. So they should of course sell the solution they built to other airlines.  Thus, parlaying the SAGE name, famous as a Cold War shield against the nuclear winter, Sabre Corporation began. It was fairly simple at first, with a pair of IBM 7090 mainframes that could take over 80,000 calls a day in 1960. Some travel agents weren't fans of the new system, but those who embraced it found they could get more done in less time. Sabre sold reservation systems to airlines and soon expanded to become the largest data-processor in the world. Far better than the Reservisor would have been and now able to help bring the whole world into the age of jet airplane travel. That exploded to thousands of flights an hour in the 1960s and even turned over all booking to the computer. The system got busy and over the years IBM upgraded the computers to the S/360. They also began to lease systems to travel agencies in the 1970s after Max Hopper joined the company and began the plan to open up the platform as TWA had done with their PARS system. Then they went international, opened service bureaus in other cities (given that we once had to pay for a toll charge to call a number). And by the 1980s Sabre was how the travel agents booked flights. The 1980s brought easysabjre, so people could use their own computers to book flights and by then - and through to the modern era, a little over a third of all reservations are made on Sabre. By the mid-1980s, United had their own system called Apollo, Delta had one called Datas, and other airlines had their own as well. But SABRE could be made to be airline neutral. IBM had been involved with many American competitors, developing Deltamatic for Delta, PANAMAC for Pan Am, and other systems. But SABRE could be hooked to thee new online services for a whole new way to connect systems. One of these was CompuServe in 1980, then Prodigy's GEnie and AOL as we turned the corner into the 1990s. Then they started a site called Travelocity in 1996 which was later sold to Expedia.  In the meantime, they got serious competition, which eventually led to a slew of acquisitions to remain compeititve. The competition included Amadeus, Galileo International, and Worldspan on provider in the Travelport GDS. The first of them originated from United Airlines, and by 1987 was joined by Aer Lingus, Air Portugal, Alitalia, British Airways, KLM, Olympic, Sabena, and Swissair to create Galileo, which was then merged with the Apollo reservation system. The technology was acquired through a company called Videcom International, which initially started developing reservation software in 1972, shortly after the Apollo and Datas services went online. They focused on travel agents and branched out into reservation systems of all sorts in the 1980s. As other systems arose they provided an aggregation to them by connecting to Amadeus, Galileo, and Worldspan. Amadeus was created in 1987 to be a neutral GDS after the issues with Sabre directing reservations to American Airlines. That was through a consortium of Air France, Iberia, Lufthansa, and SAS. They acquired the assets of the bankrupt System One and they eventually added other travel options including hotels, cars rentals, travel insurance, and other amenities. They went public in 1999 just before Sabre did and then were also taken private just before Sabre was.  Worldspan was created in 1990 and the result of merging or interconnecting the systems of  Delta, Northwest Airlines, and TWA, which was then acquired by Travelport in 2007. By then, SABRE had their own programming languages. While the original Sabre languages were written in assembly, they wrote their own language on top of C and C++ called SabreTalk and later transitioned to standard REST endpoints. They also weren't a part of American any longer. There were too many problems with manipulating how flights were displayed to benefit American Airlines and they had to make a clean cut. Especially after Congress got involved in the 1980s and outlawed that type of bias for screen placement.  Now that they were a standalone company, Sabre went public then was taken private by private equity firms in 2007, and relisted on NASDAQ in 2014. Meanwhile, travel aggregators had figured out they could hook into the GDS systems and sell discount airfare without a percentage going to travel agents. Now that the GDS systems weren't a part of the airlines, they were able to put downward pressure on prices. Hotwire, which used Sabre and a couple of other systems, and TripAdvisor, which booked travel through Sabre and Amadeus, were created in 2000 and Microsoft launched Expedia in 1996, which had done well enough to get spun off into its own public company by 2000. Travelocity operated inside Sabre until sold, and so the airlines put together a site of their own that they called Orbitz, which in 2001 was the biggest e-commerce site to have ever launched. And out of the bursting of the dot com bubble came online travel bookings. Kayak came in 2004 Sabre later sold Travelocity to Expedia, which uses Sabre to book travel. That allowed Sabre to focus on providing the back end travel technology. They now do over $4 billion in revenue in their industry. American Express had handled travel for decades but also added flights and hotels to their site, integrating with Sabre and Amadeus as well.  Here, we see a classic paradigm in play. First the airlines moved their travel bookings from paper filing systems to isolated computer systems - what we'd call mainframes today. The airlines then rethink the paradigm and aggregate other information into a single system, or a system intermixed with other data. In short, they enriched the data. Then we expose those as APIs to further remove human labor and put systems on assembly lines. Sites hook into those and the GDS systems, as with many aggregators, get spun off into their own companies. The aggregated information then benefits consumers (in this case travelers) with more options and cheaper fares. This helps counteract the centralization of the market where airlines acquire other airlines but in some way also cheapen the experience. Gone are the days when a travel agent guides us through our budgets and helps us build a killer itinerary. But in a way that just makes travel much more adventurous.           

Cuando el científico de computadoras inglés Tim Berners Lee inventó la red mundial de comunicación en el 1989, jamás pensó que se convertiría en lo que hay hoy en día. De hecho, muchos repiten equivocadamente que Berners-Lee inventó la Internet. Y eso no es cierto. Lo cierto es que la Internet fue un esfuerzo combinado de científicos militares y universitarios que dio origen a lo que se llamó ARPANET. Y, por si te interesa, las siglas ARPANET significan “Advanced Research Projects Agency Network”. En ese momento el productor de contenido no soñaba ni con nacer. Para esa época las personas que escribíamos, publicábamos boletines de papel que enviábamos a nuestros clientes y relacionados comerciales mediante correo convencional. Todos los meses había que ensobrar cientos de boletines, lamer cientos de sellos y llevarlos físicamente al correo. El primer blog que registra la historia fue “LINK”, de Justin Hall, y consistía de escritos breves con “enlaces” y muy poco más. Ni remotamente se trataba de un blog estilizado como los que que producimos los usuarios de Wordpress hoy en día. Pero tenía algo en común. Tenía enlaces. ¿Y quién inventó el enlace? Pues Tim Berners Lee. O sea que Berners Lee no inventó la Internet, pero inventó el hipervículo que dio origen a todo lo que existe hoy en día. Sin hipervículos nada de lo que vemos hoy en día funcionaría. Ah, y si no sabes lo que es un “hipervículo” es lo que comúnmente llaman por ahí un enlace o un “link”. La idea del blog, o “weblog” como se llama realmente, se propagó como la pólvora. Tanto así que se estima que hoy en día hay sobre 600 millones de blogs. Eso equivale al 31.57% del total de páginas que existen en la Internet. No fue hasta el 1996 que nació el término “mercadeo mediante contenido” o “content marketing”. Nació de la mente del periodista John F. Oppedahl. Con él también nació el “productor de contenido”. Pero no quiere decir que el trabajo no se hiciera antes. De hecho, se ha venido haciendo desde mediados del siglo 18. Lo que pasa es que el nombrecito “catchy” de “productor de contenido” nación con Oppedahl. Pero fue el nombre, no la cosa. Pero todavía faltaba una pieza para llegar a la “mogolla” que tenemos hoy en día. De hecho, faltaban dos. Casi paralelo con la llegada de la Internet surgieron los primeros navegadores. El primero fue Lynx en el 1992. Antes de eso la gente usaba “pseudonavegadores como America Online y CompuServe. ¿Te cuerdas de esos? Y el primer navegador —que de verdad se podría considerar un navegador como lo conocemos hoy en día— fue Netscape en el 1994. En el '95 surgió Internet Explorer de Microsoft y la Internet comenzó a perder su inocencia. Microsoft vio por fin el potencial que tenía la internet y comenzó a incluir Explorer con cada instalación de Windows. El enorme control que tenía Microsoft del mundo de las computadoras hizo que a la larga dominara el mundo de los navegadores. El 1 de marzo del 2008 Netscape fue descontinuado. Ese mismo año Google lanzó el navegador Chrome valiéndose, precisamente, del dominio que tenía en el mundo de la búsqueda. Ya para entonces Yahoo había comenzado a hacer agua y en julio del 2016 fue vendido por 5 billones a Forbes. Hoy en día Chrome domina el mundo de los navegadores, Google domina el de la búsqueda y los otros como: Edge de Microsoft, Safari de Apple y Duck, Duck, Go son distantes segundos, terceros y cuartos. Con ese dominio férreo de la navegación y la búsqueda Google controla una parte substancial del tráfico en la Internet. Lo demás lo controlan las redes sociales y una ínfima parte —pero BIEN ÍNFIMA— la controlan los millones de productores de contenido que día a día se levantan a producir blogs, podcasts, videos, contenido profesional de todo tipo y la bazofia que inunda las redes sociales. Sí, porque a eso también le llaman contenido. Entonces ¿cuál es la situación y cuál es el problema? La situación es que tanto Google y los demás motores de búsqueda más pequeños,

Rhonda Vetere is a seasoned C-Suite technology executive and icon who has worked across industries in global technology. A change agent for digital transformation, she has led the way for growth with more than 23 mergers and acquisitions at companies.   A passionate leader in technology across industries, Rhonda has worked in global executive positions at Estée Lauder Companies, AIG, HP Enterprise Services, Barclays / Lehman, Bank One / JPMorgan Chase, CompuServe, UUNET, MCI, and Worldcom. She has lived and worked internationally—in New York, Hong Kong, Singapore, London, Mumbai, and across India—and has managed teams of more than 20,000 people.   As an industry expert and influencer, Vetere has been a keynote speaker and panelist at many conferences and events, including the World Economic Forum in Davos, WIT (Women in Technology) Connect, Microsoft Global CIO Summit, Dell EMC World, and the United States Vice Presidential Candidate Debate. Rhonda has been recognized for her leadership and influence, notably with a 2017 Stevie Award for Excellence in Transforming Business and as a multi-year Top 100 CIO/CTO executive leader in STEM by STEMconnector.   Grit & Grind is Vetere's second book—she is also the co-author of an HP special edition book, Enterprise Service Management for Dummies.   An avid sports fan and real-world corporate athlete, Rhonda stays focused and sharp by competing in marathons and triathlons on a regular basis—over 70 events thus far, including triathlons, half-marathons, marathons, and IRONMAN 70.3 mile triathlons. She recently ran 55 miles in the Serengeti as part of a girls and women's empowerment fundraiser: the first women-only run of its kind.   Rhonda's wisdom, integrity, loyalty, and beauty exudes in all that she does.  She radiates pure graciousness and grit.  Her ability to listen to her soul's voice without any distraction exemplifies her focus, discipline, and honor as she leads with the perfect blend of heart, mind, and assertive action.  She sees the invisible and hears the unheard.  She is loyal and nothing stops her as she fearlessly takes actionable steps where no one would even think of ever going,  From devoted friendships + family, to creating schools and building enterprises globally she lives her life true to her word.  She has helped thousands of  souls around the world to awaken their strengths + gifts while offering reputable resources and creative mindful solutions.     I am so blessed to call this amazing woman my friend.   Enjoy this show and may it inspire you to step out in this world and take a courageous leap into doing what you always dreamt to do!     CONNECT WITH RHONDA Website: https://www.rhondavetere.com/  IG @rhondamvetere   CONNECT WITH JANET: *Register for the Annual Vision Quest- January 15th access until Dec 31 2023! bit.ly/VQ2023 JOIN THE SOUL STAR MEMBERSHIP: https://www.janetnamaste.com/soulstar  (use code JNPOD for 10% off) IG - https://www.instagram.com/janet.namaste/  + https://www.instagram.com/rawrealtalks_/  YouTube - https://www.youtube.com/JanetNamaste Support the show: https://www.etsy.com/shop/TheNamasteLoveShoppe

This week on the show, Dave and I look at some of the new features of iOS, including some found in Messages. We also look at Mark Gurman's list of new Apple products he expects to be released, and some new features released in Google Maps. Oh, and CompuServe. Brought to you by: New Relic: Use the data platform made for the curious! Right now, you can get access to the whole New Relic platform and 100GB of data per month free, forever – no credit card required! Sign up at New Relic.com/dalrymple. LinkedIn Jobs: LinkedIn Jobs helps you find the candidates you want to talk to, faster. Did you know every week, nearly 40 million job seekers visit LinkedIn? Post your job for free at LinkedIn.com/DALRYMPLE. Terms and conditions apply. Show Notes: MG Siegler's 3 favorite iOS 16 features A burger without Heinz Mark Gurman's list of Apple products in the pipeline The Apple Store Time Machine Three new features coming to Google Maps CompuServe lives!

Foone Turing regularly performs feats of retro-computing resurrection on Twitter, but convincing Microsoft to release the source code for its classic '90s animation program 3D Movie Maker may be their greatest achievement to date. We sat down with Foone to talk about their plans for expanding 3DMM, asking a big software company to dig through their archives, ancient CompuServe nodes, illicit source-code possession, what's in their forensic data-recovery toolkit, the shocking origin of Comic Sans, and more!SHOW NOTESThe 3D Movie Maker Github Repo: https://github.com/microsoft/Microsoft-3D-Movie-MakerFoone's biggest Twitter thread about the project: https://twitter.com/Foone/status/1511808848729804803A big repository of films from the 3DMM community: https://3dmm.com/movies.phpFoone's video game death generator: https://deathgenerator.com/The FOSS Pod is brought to you by Google Open Source. Find out more at https://opensource.google

In this episode of The Raz Report, Jason Raznick speaks with Jakub Rehor, Co-founder and CIO of Lucy LabsJason and Jakub talk about:What is a perpetual swap?How To Navigate Crypto VolatilityWhich is a better investment - USDC vs USDTWhat happened with Terra USD?Algorithmic Stable CoinsAdvice for retail crypto investorsAdvice for institutional crypto investorsWhat works in crypto trading vs what works in traditional financeGuest:Jakub RehorCo-founder and CIO of Lucy LabsTwitter: https://twitter.com/jakubrehorLearn more about Lucy Labs here!Host:Jason RaznickFounder, CEO of BenzingaTwitter: https://twitter.com/jasonraznickSign Up to Benzinga Pro today to receive most exclusive interviews, news and stock picks fast!https://pro.benzinga.com/Click here for more episodes of The RazReport.Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Transcript:In this edition of the RazReport we have Jakub Rehor Co-Founder and CIO of Lucy Labs. Jason Raznick: This is going to be an exciting one because he has tons of experience working at hedge funds from Third Avenue and just being in this industry, being in the McKinsey. So I'm going to stop talking now and start asking questions, Jakub, you have a lot of interest in experience from crypto to equities being at multi-billion-dollar value fund for many years. But before we get into all that fun stuff, where did you grow up?Jakub Rehor: I grew up in Czechoslovakia, so it was in the 1970s and 1980s. So it was still a communist country and it was a very different place than then living here in the US now.Jason Raznick: So you went through the Velvet Revolution? Jakub Rehor: Yeah. The Velvet Revolution. One thing I might mention, because it has something to do with crypto is there was an interesting currency situation in Czechoslovakia.So you had the national currency, which was the crown and that's what you were to earn and you would spend in regular shops, but you also had hard currency stores that had stuff that the regular shops didn't have. And if you want it to be shopping in those hard currency stores, you need i the special vouchers that that were exchangeable for a higher currency.And you could go into these stores and use these vouchers to pay for, more luxury luxurious stuff. And nobody would really ask you how you got your hands on it. That it was a, it was just considered to be okay. And the third currency that was circulating in the country was the Deutsche Mark.If you were planning to go on a vacation abroad or you were planning to live it up and go to restaurants and buy some souvenirs you would use Deutsche Mark. So there was really like three currencies in circulation in the country. And there was a gray market where people would be changing from one currency to another.So I'm familiar with with a situation where technically you have a single currency, but you have actually in reality, multiple circulating currencies with fluctuating exchange rates. And the connection to crypto is that people are talking about now, oh, why would we even have something like Bitcoin running in parallel with whatever the country currencies is?And it's so strange and there will be never any need for it. And I'm like, no, that's normal to me. I grew up with that. That's just absolutely normal state of affairs.Jason Raznick: And so you going with those multiple currencies, do you think then, like the Bitcoin revolution will be here stay? Jakub Rehor: Oh, it's absolutely here to stay. Nobody will uninvent Bitcoin. We now know that it's impossible. Whatever happens to Bitcoin in itself somebody will come up with a new cryptocurrency. It's just you'll never put this genie back into the bottle. What Bitcoin did was to do something that was considered impossible.Prior to that, a lot of people have tried to create native internet currency, and a lot of them foundered on the same set of problems. They, it was centralized. It was easy to shut down. It was referring to an underlying FIAT or underlying commodity and it was difficult to keep the ledger synchronized around the world.And Bitcoin solved all of these problems. It really, it is a real breakthrough in computer science.Jason Raznick: It brings you back to when you were growing up in Czechoslovakia where there were multiple currencies.Jakub Rehor: Yeah. And the problem that Bitcoin solves are very often not problems that we have here in the US here, the payment systems work pretty well here.Banks work pretty well. You're not worried about your ATM stopping working tomorrow. So explaining the value of Bitcoin to Americans is a little bit like it, it sounds a little bit unreal, the problems that it's trying to solve, but you go outside of the US you go to countries like Cyprus or Lebanon, Venezuela Iran. They get it. They mean they understand that solves their problems today and here.Jason Raznick: So going back to your upbringing, you ended up going to school at Yale. Was that from Czechoslovakia or like how'd you end up in Yale?Jakub Rehor: So I was studying electrical engineering and Czechoslovakia, and I was involved in the students strike.I joined the national student strike coordinating committee, which was part of the Velvet Revolution. We basically built the check internet very early on.We connected all the universities across the country hook them up and we use that network to print and distribute all the materials that the the development revolution leaders were putting out. Our goal was to break the monopoly, the media monopoly that the communist media had and get all this information out into people's hands.And we mentioned to do that in a space of a week, about a week and a half. We we hooked up basically all the printers and copy machines and fax machines that we could get our hands on. And we were printing we're printing posters and materials by the tens of thousands. We had them on all the streets in the country.Jason Raznick: And did it catch on?Jakub Rehor: Yeah. When the student strike started it originally was just a couple of schools and then it snowballed it started at the theater academy. Then, we joined as the electrical engineering and pretty much all the schools very quickly joined on and 10 days after the start of the strike, we were able to organize a general strike where the whole country shut down for 2 hours. To send the message to the government that we can prove that we have general support for what we stand for.And in order to organize the general strike, you really needed to coordinate all this information, get it out, get it into the right hands. Early on we realized that kind of, again, there's a connection to Bitcoin.The problem really wasn't in trying to encrypt the communication on our network. We didn't really care if the secret service was reading us or not, because we were putting it out and posters and all that stuff. Anyway, the real challenge was to authenticate the information. We were worried that the state security would try to inject some provocative material in there to try to disrupt us by sending false information. And there, so authentication was, it was more of an issue than.And it's very similar to Bitcoin where all the transactions are visible to everyone. They're not encrypted, which address sent how much to what address, but the important part is authenticated. You cannot fake sending money. You cannot send money that you don't have.Jason Raznick: So then you make your way to America and you go to Yale. Did that change you? Did the Velvet Revolution shape the person you are today? Jakub Rehor: Yale was a wonderful experience. You are surrounded with a lot of bright, talented driven people and it's it was a great environment to encourage you to go and and pursue whatever interests you have.Jason Raznick: so from Yale, did you go right to your first job?Jakub Rehor: Yep. Went straight to McKinsey. Spent a couple of years at McKinsey doing consulting at various places. Jason Raznick: What kind of companies were you consulting for at McKinsey?Jakub Rehor: It was a very interesting batch of companies. My first client was a, it was an online service, actually, one of the first online services.This was before internet really caught on. So in those days you had the three companies, CompuServe, Prodigy, and AOL, and they had a strategic issue. What do we do about this internet thing? Are we just gonna ignore it? Because we have much content on our own network or are we going to take this bet that over the long-term the content that's available on the internet is going to be better than what we have inside our network.And okay. If you decide to take that bet what does it mean? What kind of technology do we have to build? How do we connect our customers with that? How do we do our marketing? It was really interesting times. It was the early days of the internet.Jason Raznick: Is that something that you were striving towards? Jakub Rehor: Yeah. It's like basically whatever I did, I couldn't get away from the internet and the technology. It just follows you everywhere.Jason Raznick: Then you left McKinsey. And is that when you went to Marty Whitman's Third Avenue?Jakub Rehor: Not directly, at first I went to Sanford Bernstein. Then I went to Putnam Investments and then I ended up at Third Avenue. So I actually started doing value investing at Sanford Bernstein. I was an equity analyst and then worked my way up through being more senior, all the way to PM level at the Third Avenue.And so I spent a long time analyzing balance sheets, analyzing companies, analyzing businesses and making investments and running portfolio construction, running a managing risk and all that wonderful stuff.Jason Raznick: So at Third Avenue, we came all the way to PM. How many people were there at Third Avenue?Jakub Rehor: At the time it was about 100 people, about 20 people were in the research department or in the investment.Jason Raznick: What made you want to go from McKinsey to Wall Street?Jakub Rehor: The best part of working at McKinsey was doing the strategy, research and thinking longer term, the hardest part of working McKinsey was doing cost cutting.So one of the studies I was on was that a electrical utility where, they had a capital budget that it was getting a little bit out of control and you had to go in there and start cutting expenses. So you would go and identify the projects that needed to be shut down. And that's it's pretty stressful situation because you talk to people whose jobs are linked directly to these projects.So they know that if this project gets canned, they may have no future of the company. So they will, they try to fight really hard to preserve it. So you end up in this like hand to hand combat where you fighting against the people you're trying to help. It's quite stressful. And it wasn't all that enjoyable.Going into Wall Street and equity investing is very much like becoming a strategy specialist, right? You're thinking about longer-term issues. You spend a lot of time researching what's going on, but luckily you don't have to go there and actually do the hard things that are required to run a business.Jason Raznick: So then you start researching this crypto space. And is that when you're like your co-founders you got ready to create lucky Labs?Jakub Rehor: Yeah, that was pretty much around 2017, early 2018.So my co-founders: One of them came from investment banking and private equity. He was actually the CEO of Lehman Brothers, North American Equity Sales. So he's very familiar with that side of the business, with things like prime brokerage execution, operations, all that stuff. And the other co-founder is a technology specialist and he started his career working at JP Morgan, working on their foreign exchange trading desk.When it first became automated in the early 1990s and his latest project before we started Lucy Labs was he was a consultant for ISDA, which you may be familiar, it is the is the organization that regulates over the counter derivatives trading. And they had a long project stemming from the financial crisis in which they are forcing over the counter traders to put up margin.Historically OTC trades were done without a margin. Which led to problems when Lehman Brothers blew up. And the ISDA, a margin project went on for several years to create the methodology, to calculate margin requirements for any derivative ever traded anywhere in the world. So you can imagine that was a huge project. And our co-founder Rob was was the lead consultant.Jason Raznick: What are the first two things you did Lucy Labs? Jakub Rehor: The first thing was let's figure out what works here. This is a completely new market that we don't know anything about, which is very exciting. A little bit scary too. So we rolled up our sleeves and start figuring out how to do execution here, how to find investment opportunities, how to get historical data, how to put it all together and roll out to an investment strategy.And so we did that, we were a prop trading fund for three years, we were doing it with our own. And investigating as much as we could about the market.Jason Raznick: Are there that work in traditional finance, but don't that don't work in crypto?Jakub Rehor: So I would say even most things in traditional finance don't really work in crypto. So coming in as a value investor, there's really no value investing in crypto. It's very difficult to figure out intrinsic value for any of these projects. People have tried, we have certainly tried it's a very difficult problem.And I don't think that anyone has found a way to make it. What does work is a momentum-based strategies. So momentum is something that has worked on all sorts of assets over long periods of history. And so when we started looking at crypto, we had this theory that, it probably will be working in crypto as well.And we were pleasantly surprised how powerful the momentum factor is within crypto. It is it is actually quite surprisingly powerful. Crypto is very much driven by sentiment by retail trading and a momentum just captures that very well. Jason Raznick: And this volatility is macro volatility. What do you make of it in the crypto space? The past few weeks? Jakub Rehor: We've been in this space for 4 years and this is just par for course, this is actually not even particularly. Painful period in the sense that we've lived through the bear market of 2018, we've lived through the 2000, 20, early years in the bear market in 2018.Just to give you a little comparison, Ethereum was down 95%. From peak to trough in a space of less than a year. That's a very painful situation. Bitcoin was down over 80% peak to trough. So that's what a bear market in crypto looks like. Similarly in 2020 to March, 2020, we went through a 24 hour period in which Bitcoin dropped 50% in 24 hours.In crypto you have to deal with the volatility. Your models have to take that into account. You cannot be leveraged you, your risk management has to be, on top and you just have to expect that there is a, there is always something scary happening.Jason Raznick: How do you guys go about trading in crypto? Jakub Rehor: So we do a bunch of things, so I can describe a few of those things.Let's talk about the momentum trading. We have a pretty active program in which we take long positions in crypto coins when momentum is positive and we go to cash when momentum turns negative. You look at the recent historical performance and in general, there is an autocorrelation of performance. So things in crypto that have gone up recently have a tendency to keep going up and things that have gone down recently have a tendency to go down. So that's the bet you want to be taking. The downside is you will miss the turning point. So when things start bouncing off a bottom or an instinct, things start rolling at the top.You're going to miss that, but that's actually over the long-term, that's a price that's beneficial to pay. So we would when there is a bear market in crypto thing, things start selling off, we will generally go into cash. And that's certainly what we've been doing. Most of this year in that our models started putting us into cash towards the end of last year, towards the beginning of this year.And we were almost completely in cash for the past month or so.And you don't necessarily even need a very elaborate models, any sort of trend model will tell you to get out of the market over the past month or so.Jason Raznick: Okay. So then how do you know when to get in? Jakub Rehor: You wait, you miss the bottom. You see the market turning around, you see the price momentum picking up, and then you jump back on with the expectation that you will probably get in 10 or 15% above the bottom price. But again, in the longterm, that's a very good trade-off to take.Jason Raznick: So are you guys getting back in now?Jakub Rehor: No, we're still waiting for things to stabilize.Jason Raznick: When do you think that will be? Jakub Rehor: One thing I've learned is not to try to predict the markets. it's way too hard. So I, I have no idea when this will turn is there more downside it's possible? Again, in 2018, we've seen 85 to 90% drawdowns in crypto. So it's certainly possible is that what's going to happen? I have no idea. We're going to, we're going to let our models tell us when to get in.Jason Raznick: Are you in straight cash or are you doing stable coins? How do you handle that? Jakub Rehor: There are a number of things you can do in the crypto market if you want to be market neutral. There are strategies that you can do to generate returns. So I can mention a few of them.So one is a trade in crypto that does have a counterpart in traditional markets. And it's called a Basis Trade. The idea here is you may have a derivative, let's say a future that's trading at a different price from the underlying, so you can have a future on Bitcoin trading at a premium to the spot price of Bitcoin.And a simple trade is you can go short the future. You can buy the underlying spot and at the future expiration, that gap is going to close. And you're going to collect that spread. So that's the traditional basis trade that works in traditional markets. People do this in US treasuries and commodities and all sorts of things. But it also works in crypto and in crypto, there's actually a slightly, different version of this.The dominant product in crypto trading is a Perpetual Swap, which looks a little bit like a future, but it has no expiration. And the way the mechanism works is that when there is a difference between the derivative price and the underlying price, there's a funding rate that goes from one side to the other.When the derivative is more expensive than the spot, the people who are long are paying people who are short. So you can put a short position in the perpetual swap. You can put a long position in the spot and collect the funding rates. And that's a trait that historically has been providing returns of about 10% to 15% per year. There are periods when it makes more money than that. When there is a lot of speculative excitement and speculative mania we have seen it book 30%, 40% annualized. And then there are times when people are running away from the market and you will be generating maybe 0% or low single digits.Jason Raznick: I personally put some money in stable coins, USDC right? What you were describing is too complicated for me, I won't understand.Jakub Rehor: Stable coins is a safe place to be when things start falling apart. But of course, stable coins, it's a minefield as well. There are multiple kinds of stable coins. There's the very simple kind of, that works like a money market fund in traditional finance. There it's a fully backed by reserves and the stable coin is just a token. It works like a share in the underlying fund. And the fund hopefully is fully collateralized and it always has a 100% of its assets in cash or cash like products. So USDC is a great example of that, right? That's a that's a stable coin that's fully backed.Jason Raznick: Would you say USDC is very safe?Jakub Rehor: I would. I would put also USDT with USDC. So people think that USDT is an algorithmic stable coin, but it's not. It's exactly the same idea as USDC. They are also backed by reserves. they started disclosing their reserves and the composition of their reserves. So you can look at their statements and figure out what. How well back they are and how much confidence you can have in them. So USDT is actually a fully backed stable coin and it's not subject to the same problem that the algorithmic stable coins have.Algorithmic stable coins are completely different. And there are really two kinds. You could imagine a situation where you do not have US dollar reserves backing you, but you can have crypto reserves backing the dollar peg value of your stable coin.Because crypto is so volatile. What you need to have is you need to be over collateralized, right? If you're issuing $1 worth of stable coins, you probably want to have at least $2 worth of crypto backing you because if crypto falls down 50% you are still fully backed.So over collateralized, stable coins are, they're not necessarily that great because crypto can fall more than 50%, but at least it's a reasonable stab at approaching this problem. There's a whole, another class of algorithmic stable coins that are under collateralized. So they issue $1 worth of liabilities and they have less than $1 worth of assets, and that is crazy stuff. And those are bound to blow up. And Terra USD was definitely one of those where they were under collateralized. They issued billions of dollars worth of the pegged stable coin. And the mechanism that they had was saying if a lot of people come in and try to convert to US Dollar at parody, we have these other things that that we can print unlimited amounts off, and we're going to print this thing and we're going to sell it. And that way we'll generate the value for the stable coin, which obviously is insane because when you have a run on the bank when you have a run on the stable coin, the value of the stuff that you are printing is starting to collapse so you have to keep printing more and more to generate the same amount of value. And you end up diluting that second asset to zero and you end up breaking the peg. Terra USD is not the first one where it happened. There was a bunch of other ones in the past. It is absolutely amazing to me that people keep falling for this. But here we are, people put tens of billions of dollars into this.Jason Raznick: What do you think got people so into it? Jakub Rehor: There's the old saying in the markets, "Bulls make money, bears make money, and pigs get slaughtered." People just got really piggish. These 20% yields sound amazing.I think that a lot of people did understand that these yields are unsustainable and they are they were funded by the VC investors or the launch of funds that that Luna the project behind the stable coins raised.So they understood that these 20% yields wouldn't last, but they thought, I'll just collect them for as long as I can and get out. And, as we know, getting out is the hard part.Jason Raznick: Getting out is the hard part. And so when you're in cash, do you guys do just say "Hey, I'm going to buy some USDC"?Jakub Rehor: Sure, we do that. Jason Raznick: What about Terra Luna?Jakub Rehor: No, forget it. Nothing algorithmic. We wouldn't feel comfortable with that.There is actually an interesting innovation going on, so I would say. There is one potential new kind of algorithmic stable coin. That is interesting to watch. It's tiny. It's still an experiment. We'll see if the experiment is successful or not. But the idea is similar to what I just described about the basis trade, right? So when you have a basis trade, you sell a derivative and you buy the underlying spot. What do you actually generate is like a synthetic stable coin. You create a synthetic dollar that. And there are people out there who are trying to generate to create synthetic dollars exactly. By doing this, by putting these offsetting positions on the derivatives and the spot markets, and they're doing it on decentralized exchanges. So that is an interesting idea because it's not really subject to the same risk that the traditional algorithmic stable coins are because even in Iran, you should be able to liquidate both sides and and be able to defend the peg.Now. It's still early days. There's only, I think few million dollars experimenting with this approach. And a lot of this depends on the infrastructure outside of these folks control. If you are issuing a stable coin like that, you need fairly liquid markets in the derivatives that you use to back this up, those markets have to provide a 24 / 7 availability. You have to be able to withdraw money fairly quickly. So the infrastructure really needs to be there. And the danger is that we are still too early and the infrastructure cannot support that. But it's a very interesting.Jason Raznick: And are you guys trying to get involved with these experiments or are you just watching it? Jakub Rehor: We're watching at this point and cheering on from the sidelines.The whole crypto space is a thousand experiments right now.Jason Raznick: Do you think there should be more regulation in the crypto space? Jakub Rehor: Regulation is coming, there is no doubt about it. Regulation makes sense when the market is a little bit more mature and it becomes obvious what is the right thing to do and what is not the right thing to do.Regulators are not really equipped to know upfront. What is a good idea and what is a bad idea. And right now, you see a lot of the regulators around the world, including the US stepping back and trying to figure out what the heck is going on. What should we allow? What should we not allow? And that allows the space to do a lot of experimentation and sort of by learning, we're going to discover what is a good idea and what we should just. Let it happen again.I think algorithmic stable coins is a very dangerous idea and we're getting a lot of evidence for that. And I think the regulation is going to clamp down on that. At the same time, fully backed, reserved stable coins are sailing through this crisis pretty well and I think the regulation again should reflect that and encourage that sort of product as opposed to the more algorithmic ones.Jason Raznick: Who is Lucy? Jakub Rehor: Our CTO came up with that. There was a fairly famous fossil form of the early human, like before humans really evolved to become modern humans. And it's so it's it hearkens to that. It's like early steps in this new world that is being that is developing in front of us.Jason Raznick:What else does Lucy Labs do? Jakub Rehor: So we have a blog on Medium we just launched, a blog talking about crypto products. The first post specifically talks about perpetual swaps. The history of them. It's a product that's unique to crypto doesn't really have an exact equivalent in traditional finance. So we spend a little bit of time explaining how it works and what are the tricky things to be aware of working with that. And we're really enjoying that. So I think we'll be doing a lot more to have that.Jason Raznick: What are perpetual swaps? Jakub Rehor: So perpetual swaps it's super interesting. It's a version of a future. Traditional futures of an expiration. So usually every three months or so the future expires and it's settled either with the underlying or it gets settled in cash. And when the crypto exchanges started taking off, that was the product that they offered and they discovered that retail investors actually had a real trouble.managing Futures, the managing the expirations. People would forget that, third, Friday in June or whatever is the expiration date. And they would log into their account once every two weeks. And one day they would log into their account and their position was gone and they will be like, oh my God, what's happening.The traditional futures turned out to be not a great fit for crypto. So a number of exchanges started experimenting and one of them called Bitmax which was based in Hong Kong in those days they played with different things. They tried to shorten the futures to have expiration every 48 hours then every 24 hours. And finally they decided what if we never expire this thing? Just make it perpetual. Then the issue you have, how do you make sure that the swap price doesn't drift away completely from the underlying, if you don't have expiration that will force those two prices to converge, how do you make sure they don't just, it just doesn't walk off into space.And the innovation they came up with is they first started thinking of referencing some outside interest rate that would and you were to charge the people who were on the wrong side of the trade. So if the future was too expensive they would charge people who were long. And the question is, how do you set an interest rate in crypto, like what is the Bitcoin interest rate? There's really no good answer for that. So they decided let's just generate it from the price itself. Let's just look at the difference between the price of the swap and the price of the underlying. And let's charge that difference.That will force people who are long to be paying a lot of money and hopefully it will incentivize them to close the position and sell the long position, which will force it back to the equilibrium price. And when they first came up with that, nobody knew if it would work or not. It was a real experiment. It was a kind of stab in the dark. And in the first 6 months, it was pretty hairy. The prices were all over the place. The swap price was drifting away from their underlying and it was a little bit chaotic, but after about six months ARPS figured out how to play this game and over the past 2 or 3 years, that market has really matured and it became the predominant way of trading crypto outside of the US. The perpetual swap markets are anywhere on the order of 5 to 10 times greater than the underlying spot markets.Jason Raznick: One of the things you mentioned earlier with Marty Whitman, you are an investigator and you're looking for opportunities to companies and you can value, invest and see stuff that people aren't seeing. Is this similar to that?Jakub Rehor: It's very similar. It's again, you're being a detective and you constantly ask questions like what's going on and why? The way we really wrapped our head around the perpetual swaps was we were taking regular positions in the spot markets, and then we saw liquidity as much better in the perpetual swap so why not start trading that we started trading that. We're getting hit with these funding costs. And we're like, oh, we hate paying these funding rates. Hear me out. What if we start collecting them instead? How would you go about it? And very quickly we figured out, okay, you can create the synthetic position and do this.And yeah, you stay, you learn by doing. The way you discover these opportunities, you are active in the space. You trade, you do experiments and you discover things that you didn't realize were happening and you'll find new opportunities all the time.And we'll help amplify your blog and get people to get the word out.Jason Raznick: What advice do you have for crypto investors?Jakub Rehor: I would say with retail investors, crypto is a very risky, very volatile asset space. You do want to be in it longer term, but be aware that these 80% drawdowns are happening and are likely to happen for the foreseeable future.So position sizing is the most important thing you need to worry about. If things get really tough. Can I survive this, don't put on too big a position and definitely do not put on leverage. Retail investors tend to get in trouble with too much leverage on their positions.But longer term. Crypto is very likely to be around for a long time. And learning about it is best done by trading and being active in the market. Be there and trade it. But keep it Small enough that you can afford the pain of the downturn, similar to what we're seeing today.for institutional investor, my advice is slightly different. I would still say you should be experimenting in this market. The interesting thing is the infrastructure for trading that's being built in crypto markets is, I would say a hundred years ahead of what's in the traditional markets that you are used to, the efficiency and effectiveness of the trading platforms is going to absolutely steamroll, the traditional trading venues.And I would recommend to start learning about how things work there so that when it happens, you'll be prepared. I'll give you an example, the huge difference between a traditional infrastructure and the crypto infrastructure in traditional infrastructure. Let's say you trade futures and the way you to say you're trading futures on wheat, for example.So you have to put up a margin and at the end of each day, your position is marked to market and the exchange calculates any additional margin that's needed. And you have until the next morning to come up with the cash to keep the position. OIn that period between the calculation of the margin and depositing of the cash, the exchanges that.If you actually go bankrupt, the exchange may not be able to collect. And, they have a fund to insure them against that. But it is a real business risk for the exchange, which is why they set the margins very high. To live with having that risk on their balance sheet.So the size of the margin is a function of the payment cycle and the settlement cycle. In traditional finance, the settlement cycle has to be at least 24 hours because the traditional payment rails take 24 hours to get, your payment from your bank to the exchange or the broker.So by nature, they cannot offer high leverage in the products that they. Just because of the settlement counterparty risk issue.You go to crypto exchanges and you realize that they have the recalculate, the margins at a much higher frequency. The exchange. I mentioned BitMax, actually, they started recalculating margin on every tick.So every trade happens, they go and go through a million accounts that they have and recalculate the margin requirements immediately. So they don't have that 24 hour delay for them to be at risk, they can liquidate positions much faster than that. Because of that they can lower their margin requirements. And some of these guys used to offer a 100 times leverage. Thankfully they reduced that now, but you can still get 20 to 25 times leverage on your crypto positions. The exchanges can afford to do that without putting themselves at risk because of this much faster settlement cycle that they have available.Now, if you are an institutional trader and you doing things like hedging, you're doing things like arbitrage. Where do you want to execute? You obviously want to execute at the place with lower margin requirements because you'll have a better capital efficiency. You'll have a higher return on capital.So liquidity is likely to stay at these crypto exchanges that have the newer techniques. And we're seeing that clearly in, for example, the Bitcoin futures market. CME rolled out its Bitcoin futures product in December, 2017. So it's four years now. And they only have about 5% market share in global Bitcoin futures trading, which is amazing.CME is leading venue for derivatives trading. How come they cannot get more market share than that? And the response is because of the, how slow their settlement cycle is. They are requiring 35% margin for any Bitcoin position while the crypto exchanges, they may ask for 3 to 5% margin for the same position.So again, as an institutional investor, you'll be better off trading on these new exchanges.Now these guys, the crypto exchanges are coming into the US so right now, there is a hearing in front of the Congress Senate Agriculture Committee. And and there is a application with the CFTC in which FTX, which is one of the leading crypto exchanges is trying to bring this 24/ 7 trading in commodities with instant margin calculation, and an instant settlement so T plus 0 seconds. If this gets approved and really, there's no reason why it shouldn't be it needs to work its way through the regulatory process, but if this gets approved and you will get a fully regulated exchange with these parameters, can you imagine what that's going to do with people like CME?The reason CME is doing things this way is that's how you did it in 1868. When you were started, when you literally had a guy, in the morning, run to the bank with a check. And deposited with the clerk on the exchange at 7:30 AM. And if the check wasn't there by 8:30 AM, the positions would be liquidated that's and it's baked into all of their systems.They are, it will not be easy for them to upgrade their system to be able to compete with this.Jason Raznick: Do you personally buy Bitcoin or were you an early investor in Bitcoin? Jakub Rehor: Oh yeah, way too early. I bought my first Bitcoin back in 2013 or something like that. It was $14. I was down 80% within a month of my purchase. So yeah, it was a small amount of money.Jason Raznick: Do you have a favorite crypto?Jakub Rehor: I'm still partial of the Bitcoin, my first love.Jason Raznick: The last one is what's your worst or your first job? That's a question I always ask.Jakub Rehor: I did all sorts of things. I painted houses. I work in the fields. I worked in bakeries. So it's a very wide range of things and honestly, they're all fine. I think any job is what you make from it. What you make of it. You can learn a lot of from just painting a house.Jason Raznick: And if people want to check you out, where should they go?Jakub Rehor: We are at https://lucylabs.io/.Jason Raznick: Thank you for coming on the RazReport. We appreciate it.Support this podcast at — https://redcircle.com/the-raz-report/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

When Stephen Wilhite, the creator of the .GIF image, died last month at the age of 74, millions on the Internet shared their favorite (and earliest-known) looping animations in honor of the influential computer scientist. But how did this highly compressed CompuServe image format from 1987 become the ubiquitous communication method bursting from all of our smartphone keyboards? Nearly all the coverage of Wilhite's death links back to one interview from 2012. Fernando Alfonso, III, a reporter at The Daily Dot (fine publisher of this very podcast!) tracked down the reclusive Wilhite to discuss the legacy of the .GIF, and why it became so pivotal in the maturation of the Web. Alfonso (now a supervising editor at NPR) explains why .GIFs were invented, why they blossomed with artists of the early Web, how hard it was to make them in the early aughts, and whether we should expect the .GIF to survive the next 10 years. Read Fernando's piece from 2012: https://www.dailydot.com/upstream/gif-history-steve-wilhite-olia-lialina-interview/ Follow Fernando: https://twitter.com/fernalfonso Support 2G1P on Patreon! https://www.patreon.com/2G1P Join the 2G1P Discord community: http://discord.gg/2g1p Join the 2G1P Facebook Group: https://www.facebook.com/groups/2girls1podcast/ Email us: 2G1Podcast@gmail.com Call the show and leave a message! (347) 871-6548   Learn more about your ad choices. Visit megaphone.fm/adchoices

"Just like you use your dollars with an online payment service, you can still be defrauded USDC. It wasn't the dollars that defrauded you. It was the other side of it." Jeremy Allaire"I actually believe the web of value exchange. Whatever you want to call it, the internet of value is going to be extraordinarily more valuable and extraordinarily more impactful than the web of information." Jeremy AllaireEpisode Summary:In this episode of The Raz Report, Jason Raznick speaks with Jeremy Allaire, CEO of Circle.Hosts:Jason RaznickTwitter: https://twitter.com/jasonraznickSign Up to Benzinga Pro today to receive most exclusive interviews, news and stock picks fast!https://pro.benzinga.com/Click here for more episodes of The RazReport.Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Transcript:BZ: We're very excited to have on this edition of the RazReport, Jeremy Allaire founder and CEO of CircleYou're going to hear about building companies, building enterprises and Circle USDC, which is taking the world by storm in a good way. Jeremy, welcome to the show.J: Thank you, Jason. Psyched to be here.BZ: Circle your latest company, I think you've raised over 700 million over $700 million for it. Is that correct?J: that's exactly right.BZ:When you founded this company in 2013 is it where you thought it would be?J: when we founded the company back in 2013, there were a whole set of ideas that we had about digital currency.We were very excited about this idea that you could build what we like to think of back then as an HTTP of money, meaning like a protocol for money on the internet. And by money we meant traditional money.The liabilities of a central bank, what we think of as everyday money. But convey onto that money, the power of cryptocurrency.So Bitcoin obviously itself brought into the world, this idea of a protocol that could work on a decentralized infrastructure to enable people to directly exchange value in digital cash like way.We wanted to build on that same fundamental technology foundation, but enable people to exchange, stable value assets, like dollars or Euros. And we believe that a kind of protocol layer for money would eventually become possible on top of these blockchain infrastructures. And that was a core mission and goal from the outset.We experimented with realizing that idea through building on a lot of, kind of digital currency banking infrastructure, we built a consumer facing application that kind of brought that to life. We actually built it on top of Bitcoin, which was the first-generation blockchain that was available back in 2013 and 2014 and 2015. And in during that time period, and then eventually in 2016, when ethereum, which is the second generation blockchain technology really emerged, it introduced more of the building blocks that we had been looking for back in 2013, when we founded the company.ETH allowed us in 2017 to begin work on and then also release what's now known as USDC, which is in fact the protocol for dollars on the internet and eventually other Fiat currencies too. But founding vision was there, the path to it obviously takes many, shifts.The metaphor I like to use is you can see the mountaintop. You can literally, standing far back, you can see that mountain top and how beautiful that looks, but you actually don't know how you're going to get to the top of the mountain. And you may actually go up one path and realize, oh, I'm staring over a cliff. I need to go back down and go up another.BZ: Ethereum is what allowed you to go create USDC?J: So back in 2012 and 2013 there, there were a lot of technologists or not a lot, actually back then, there was a lot now, but there were technologists getting involved in this space. And a lot of us got really excited about ideas issuing other assets on top of the blockchain or smart contracts and programmable money and what it would mean if you could have if you could say issue a dollar token and have a smart contract that could enable the programmability of that was like a mind-blowing concept.Early in my career, I worked on programming languages, app development, infrastructure, developer platforms, content infrastructure, lots of things like that. And so had a background in thinking about, developer platforms and the idea of a developer, an open infrastructure that was like a developer platform for money on the internet was super exciting. And so there were a lot of ideas on how to do it in 2013. It just technically wasn't possible.The history of Ethereum is really relevant here because Vitalik, who also was really excited about a lot of these ideas of how you can extend this kind of blockchain infrastructure to do other things. A lot of people thought that might happen that Bitcoin itself as an open source project would evolve to do those things. But there was an ideological battle between those in the core development community who really wanted to keep Bitcoin simple and focused on being a kind of digital gold store of value.Then there's a whole other group of technologists that wanted to advance this into being something that's more like an operating system that you could build a lot of things on top of including things like protocols for stable coins,DEFI, NFTs, DAOs all these things that have emerged. So it was really that kind of forking off and development of a new infrastructure layer that then made it possible to pursue and execute something like USDC.BZ: Jeremy, where did you grow up?J:I grew up in a small town in Southeastern Minnesota, a town called Wynnona Minnesota. I went to college in the St. Paul McAllister college and studied political science philosophy and a concentration in economics.I got introduced to the internet in my dorm room, literally in, in 1990 had a high-speed internet connection, which in 1990, there was not a lot you could do on the internet, but I was down the rabbit hole became completely obsessed, made all of my educational work about it and started using it in my studies around what was happening in the former Soviet Union and what was happening in the sort of changing revolutions around the world and got me excited about the idea of an open network, open permissionless networks, decentralization, disintermediation, a lot of these themes that still show up today in the internet space got me into it. And then graduated college there and started working on my first company.BZ: Did you ever go to Mall of America when you were growing up?J:So mall of America merged when I was a little bit older, I think when I was in college.BZ: But as a kid, did you have side hustles where you like selling the newspaper? Like Mark Cuban was doing the garbage bags? Were you doing that?J: I was a paper boy, that was my first job if you want to call it. But I actually had, I got really lucky in a sense when I was a teenager. I convinced my parents to take, like some, a small amount of money. I had been passed down to me from my grandparents and was in like mutual funds, which was a big deal in the eighties. You had mutual funds. I convinced them to let me invest it into baseball cards.So in the kind of mid to late eighties, I ran Southern Cordillera sports cards. So I ran a trading operation and I would deal and I would go and basically do baseball cards. So that was my side hustle that helped me pay for my spending money in college.BZ:Did you have tables ? So you'd buy cards, flip them and did you make some decent money doing it?J:Absolutely. Yeah, so I took long positions. Okay. On on term sort of players. Mark McGuire, Jose Conseco, that's just some of the big onesBZ:What was one of your best trades?J: Brett saberHagan was, 19, he had just an incredible record and I like accumulated a huge bunch of those. And then that was a short-term trade. I keep thinking in a bunch and then flip them at a huge increase in value as everyone wanted the Brett Saberhagen for a piece that I think that was one of the best one of the best trades I did.I would do arbitrage.That's where I go to these shows. find someone who really, wanted X and I would just run around and find it, buy it for Y and then turn it around. So there's that. And then, I had I still have a fairly sizable collection.BZ: How did you get involved in internet in college?J: I had a T1 which was basically like a hard wire, it was effectively ethernet, but hardwired into a campus that were, and, campuses where some of the only places that had access to the internet for research purposes. And a T1 was, even now was whatever, I, that was back then 1.5 megabits per second, which was really good.BZ: You're in college and you're exploring this whole open network of sorts were your parents supportive of that?J: No, not at all. They were like, I don't know what this is. I don't understand this.I graduated college in 1993 the tail end of the first Gulf war recession.. I studied, what I would thought would be interesting to help understand the world and whatnot. And so I was like temping and but, and, on the side I was just going deeper and deeper into the internet space.And and I remember coming home, I quit my temp job and said, fuck this, I'm going to be an internet consultant. I called myself, which was basically like helping educate people about how businesses, how to use the internet and actually, working on the very, very first websites, this was before, even like Mosaic was out, was hacking around.Basically how helping organizations figure out how to build stuff from the web. And I went home and my father was just so distraught and just so afraid that, he didn't understand any of it. And he was like, this isn't a job, so concerned. I was following my bliss and it was good timing in 1993 to be really going down that rabbit hole and learning all the technology and figuring out what it was to. Build stuff back then. That led to the Genesis of some of the first products that I helped build and create.BZ: You called yourself an internet consultant?J: So there all these people learning HTML, and then in 1995, more people.I really wanted to be able to do interactive apps where you could connect a database, you could have interactivity. And my idea was that anyone should be able to build a global online service because back then, like the idea of an online service was you had to have AOL, or you have to have, CompuServe or whatnot.But I was convinced that an open network that anyone could publish to or any device could connect to, it would be a lot better. And so working with my brother, who's a much more of a computer scientist than I am, became the product manager designer for cold fusion and hidden the kind of chief architect. And we ended up working through a lot of ideas and building essentially the first easy to use web programming language and what is now known as an app server, an application server, one of the very first commercial app server, which basically was a piece of software you can put on a machine connected database, do transactions, dynamically generate webpages. And, that paradigm now, is everything from SAS and content management and everything else on, on the internet. So built that and, got super passionate about enabling developers to dream what they wanted to build on the internet, everything from content to community, to e-commerce, to all kinds of things and built, developer platform business.I find it, you can find it out there.There's still millions of sites with that are still run by that it's now owned by Adobe. That product line is owned by Adobe, which bought Macromedia, which is I merged my first company or we merged layer into Macromedia as public company.BZ: And when you started Cold Fusion, you and your brother, what'd you call the coming like the layer corporation?J:.We had a whole family of products. We had the most popular HTML web development tool in the world Homesite.Literally millions of developers use Homesite. So most websites in the 1990s were built using that. And it was one of the reasons why Macromedia wanted to acquire us because they had Dreamweaver and Dreamweaver was really popular with professional designers.But like the average Joe or Jane would get Homesite it was free. And it was like super powerful HTML editor. And so we had millions of people using that.So no, like no one used front page, because it was so awful because it forced you into like these templates you couldn't get control. So Homesite was like gave you access to the HTML and made it really easy to edit the HTML. And we gave it away for free. It was like a feed, it was a freemium product. We wanted to get it out there. And then we got other people into our more advanced products.BZ: So you were doing freemium before, that was even a word. Okay. Did you raise money for Cold Fusion?J:I think it was three rounds of venture capital and then like a mezzanine financing. And then we IPOed in January of 1999.We were a public company on NASDAQ for 2 years. And in January of 2001, we merged with Macromedia, which was about three times larger than us. And merged the two public companies. And I became the chief technology officer of Macromedia.BZ: IPO process versus the M&A process? Which did you like better?J:I like building. And operating. I I like that a lot. it's interesting, there are times and places where M&A makes sense both as a buyer and as a seller, obviously the vast majority of outcomes and business are some form of merger transaction typically or in bankruptcy. So the number of companies that remain independent is smaller.But I think both had a lot of advantages back at that period of time merging at the time was a really good thing for our company and actually gave us a much stronger platform that was, as you recall, when 9/11 happened and the entirety of the certainty of the market, and really the demand for internet software and stuff collapsed alongside the collapse of the.com.BZ: So Brightcove, how did you get to start that?J: So in 2002, when I was chief technology officer Macromedia, we put the ability to render video and PR and have video as like a programmable object in something called flash player and flash player at the time was the most ubiquitous piece of software in the history of the internet.98% of computers in the world had it. We could actually upgrade the internet to a completely new virtual machine that essentially like a new client in like less than 12 months. So we put video in and it was right before broadband came out and like for consumers.And it was really clear to me looking at broadband wifi devices that can be connected to those.And then having a ubiquitous playback mechanism for video. I got really excited, started incubating ideas inside of Macromedia for basically self publishing, self video publishing type of applications actually built something internally that the company did not want to bring to market. I was really frustrated.My vision was video's going to become as ubiquitous as text on the web. Everyone's going to become a video publisher. Every business is going to be able to distribute television quality video to devices everywhere. And so this was in like 2002, 2003. And so I got frustrated and left, went to a VC as a technologist and resident general catalyst and incubated brightCove.And then founded it in 2004, really with this idea that again, video was going to become as ubiquitous as texts on the web and that you needed a new generation of publishing platforms for it. That could integrate everything that was needed for either a brand like a corporation. Or an organization or a media company itself to basically do direct distribution of television instead of relying on cable and satellite and all the old ways and transform other media companies who work in television and video into being into television and video. So it was a video platform company, a SAS company, as we now call these and founded it in 2004.it had a really nice growth run. And I took it public in early 2012. And then stepped into a chairman role after about a year. Cause I had gone down the crypto rabbit hole in 2013 just became obsessed with.What was going on in crypto and made a decision to basically, start Circle.BZ: Mark Cuban emailed me a question, Mark Cuban's known you from his tech days. His question is "what did you learn from your layer or your database days that you are applying today?"J: it's actually really relevant. As I talk about the inspiration for circle and what, I've been inspired by, , in this space. in, in many ways, right?What got me super excited about the internet in the first place was this kind of obsession with the idea of the internet itself, being an open network that was permissionless that anyone could bring a computer to and connect, and that anyone who did that could take open protocols like the SMTP protocol or the HTTP protocol or the VOIP protocol, or these sort of protocols, which are really just public IP, intellectual property, that's open source it's in the public domain.People can write software to it and that you could connect anyone anywhere through these protocols and do really amazing things in terms of information, exchange, knowledge, exchange communications so powerful. That's what drew me into the internet in the first place and kind of an obsession with open networks, decentralized and distributed model.What that could unleash and really a belief that architecture could maximize access and could maximize the ability for people to to reach the most people in the world and entrepreneurship and ideas. So that's what kind of, that was what informed. The work around cold fusion back then. And so if I fast forward to crypto, that was fundamentally the insight for me in 2012 and early 2013 was this is just like a replay.This is just another open protocol on the public permissionless internet that solved a set of problems that hadn't been solved before, which was a way to ensure that data could not be counterfeited. And that transactions could happen in with certainty in an irreversible way without requiring centralization. And these are big ideas and it was like a fundamental new infrastructure layer. The internet was being born. And so when I looked at it and said, okay, This is going to do for the exchange of value. And I don't just mean moving value from point a to point b, I'm talking about the richness of what we do in exchanging value.As people, as entities, as corporations it's going to do for the exchange of value, what the web and those earlier protocols did for information and communications.And to me in 2013, like that was so profound because I actually believe the web of value exchange.If you want to, whatever you want to call it, the internet of value is going to be extraordinarily more valuable and extraordinarily more impactful than the web of information. And so it very much informed how I think about this and the work that we're doing here.BZ: When you started Circle, did you start with anyone else?J: I co-founded, the company was Sean Neville. Sean is absolutely brilliant. He he co-led the company with me almost like co-CEOs for a long time. And then several years ago, he just stepped into a director role. He's on the board of directors and he runs a crypto incubator, a crypto kind of studio incubator.But he and I had worked together back Allaire, my first company we worked together a bunch at Macromedia. We worked together and bright Cove. He's just one of the most brilliant minds technological minds, strategic minds, creative minds.BZ: Was Circle easier to raise money for than your previous ventures because of your huge track record of success?J: When we started the company, I went to people who invested with me and who had made money with me in the past and said, this is what I'm working on. And they're like, Bitcoin I don't get this. You're crazy. This seems crazy. But. We believe in you, so go for it. I mean that kinda kind of thing. So it definitely helped.2013 and then 2014, 2015, during that time, there were not a lot of quote unquote adults in the room, in the space. If people think it's a wild west, now it was an extraordinary wild west back then. And we had, seasoned entrepreneurs, technologists.We had a really strong proactive approach with regulators with kind of major fiduciaries and really worked really hard to try and build something that was compliant and that, differentiated us as well and allowed us to raise quite a bit of capital. I think, a couple hundred million dollars within our first few years of getting started.BZ: And were you personally buying Bitcoin back in those early days?J: Yeah, absolutely. And buying ethereum and when it was less than a dollar. Like Solana and it was less than a dollar.BZ: Do you still own some of that?J: I am a owner of crypto assets. I don't talk about my particular trading and liquidity strategies, I'm quite structurally long on crypto.BZ: How would you define a stable coin to a fifth grader ?J: On the internet today, I can download a piece of software like WhatsApp or or log into a service like Gmail. We're open up Google Chrome, and I can connect to anyone else. Directly, I can have a direct communication with them. It doesn't cost me anything. It doesn't matter where they are in the world.As long as they have a smartphone, they can get that piece of software. We can do that. Or if there's someone who has an idea and wants to connect their computer, the internet and put some content on it, as long as I have a web browser, I can connect to that. And that's generally the case other than, some authoritarian regimes that have great firewalls.But even there, like it's generally the case, you can connect to anyone. I can freely communicate with anyone in China right now. And that model is so straightforward. It's the air we breathe. We don't even think about it. the fact that this kind of open connect and open permissionless, global decentralized network of communications and information exists. So why can't we do that with money?Why can't we have a way. Someone can just download a piece of software from an app store. And and then someone else could download a different piece of software made by a different creator or a different piece of hardware, or log into a service and exchange value with each other instantly globally frictionlessly at no cost. it's really that simple is how do we make it possible for storing, moving dollars or digital dollars to work in exactly the same way we have with information and data. And that's what we set out to solve is that problem and doing it on the DNA of the internet, doing it around this idea of an open protocol that anyone could connect to. So that's really the fundamentals of what USDC allows for. And, but I think. Yeah the idea goes far broader because you now have essentially an open API for dollars on the internet and it's programmable dollars on the internet. And so you can do a lot with that. And the use cases are really exploding,BZ:How big is USDC these days?J:So USDC has grown really fast at the start of the pandemic, there were about 400 million USDC in circulation that was just like, let's call it six months. Or, there's a year after or so after we had launched.Then it grew to 4 billion in circulation by the start of 2021. And it grew from 4 billion to 42 billion in circulation. At the end of 2021 and it's already grown to to over 52 billion in circulation, just in the past couple months here.And so USDC is about that big and I supported, trillions of dollars of transactions. Just on the public internet using blockchains. And it's still early days. It's super early days. Our view is that eventually there could be more than a trillion USDC in circulation and could be used for every imaginable use case for money and use cases that we haven't even thought of because programmable money is not existed until now.BZ: How can USDC offer such nice interest rates when banks are giving 0.5%?J: Look so if you think about. And you have a kind of base layer, which is the sort of digital cash equivalent of USDC. And it's a regulated, digital cash instrument that exists. And it's very easy to exchange, right? With point to point as your friends or others, that you've talked to really straightforward to send it, receive it, use it.And it's become very popular as a digital currency to use in trading, investing, international payments, other things. And so as its utility has grown and as more and more people and firms want to use. +As a form of working capital as a new kind of electronic stored value working capital mechanism, there's higher and higher demand for people who want to borrow it. And so one of the really powerful things about blockchains is not only do they allow these fast transactions to happen, but you can actually build essentially, borrowing and lending models on top of it.And so there's grown over the past in particular, the past several years, the last two to three years, large, both centralized, what are often called CEFI lending markets and what are called DEFI lending markets, where the market of borrowers and lenders is convened by a piece of software on the internet. So you're not dealing with a company you're just dealing with a protocol, but nonetheless you have essentially interest rate markets of borrowers and lenders.The demand to borrow USDC is high. And the interest rate that borrowers are willing to pay is high. And that is the source of those yields. Basically you have borrowers and to put it fairly simply the other side of that borrowing and I'll use circle yield as an example, because it's the one I understand probably the most you lend us USDC and we lend it wholesale to institutional borrowers. So these are in fact, hedge funds, family offices, systemic trading firms, electronic markets, firms, or other major firms in the ecosystem that want to operate using USDC. And these are firms that are borrowing at a high interest rate, but who are generating returns in north of that.An 8% interest rate to borrow at an 8% interest rate or borrowed 10% interest rate. That's not unheard of in a lot of things. Our credit cards are 20% interest rates or 17% interest rates. venture debt, which is what startups borrow typically have interest rates of, 10, 12, 13, 14% on them. interest rates in securities lending markets, which is the interest rates that say an institutional fund would pay to borrow against their stock can be fairly high now, corporate debt that's underwritten where a corporation's borrowing against their balance sheet and their P&L and it's underwritten by an investment bank and has a coupon and rating. So that tends to be a lower interest rate debt product.But generally when you look at interest rates that people borrow, right? They vary from, most single digits to high double digits or higher. And so what you have in USDC is you have a borrowing lending markets that exist at the retail and institutional level, and those are floating right now. So in DEFI right now, you can borrow you can borrow you USDC I think for 3%. the interest rate markets adapt to kind of market conditions and demand.BZ: How secure is my money in USDC ?J:The thing to remember is USDC itself is is regulated examine it's the USDC itself is A full reserve dollar digital currency.Now, if you're lending your USDC to someone else you're determining what is the credit risk that I'm taking with, who I'm lending to. It has nothing to do with USDC. It has to do with what are they doing with it? So there are some major differences, right? Are you a secured creditor or are you an unsecured creditor? is this unsecured credit that's then being used to do highly speculative trading or is, this secured credit with known institutional counterparties? So you're dealing with a huge variance.I like to use the example of a bank, right? If you walk into a branch of Chase and you say here's $10,000, you're depositing, and you're not depositing $10,000, you're lending chase $10,000.And you have a balance that says $10,000. But actually what you have is you have a claim against their loan book. They're taking that $10,000 and they're lending it out eight times over. And you're basically saying, Hey, I think that they're going to be good for that, that the small business loans, the credit card loans, the home mortgages, the corporate debt, all the stuff that they're doing to take my money and lend it out on a fractional reserve basis eight times. But fundamentally, you've got an IOU and now, you might look at a dollar that you've deposited and chase really different than s let's say you went to a bank in Zimbabwe and they said, you can deposit your dollars. And you say I don't know, what are you going to do with my dollars? And so it all comes down to, w what in fact are you w what, in fact are you seeing on the other side of that?So we've tried to design something with circle yield, which is very institutionally friendly. It's regulated, it's supervised it's over collateralized and it only, faces the best quality institutional wholesale borrowers on the other side. And so we've just tried to build some. I think the kinds of features that make it attractive, it doesn't produce the highest yields. It doesn't produce the same yields you might see through some of these retail platforms, but there's a reason for that.BZ: Is there a chance of defaulting?J: this has become a major issue from an investor protection regime, right? So very clearly, like I think the SEC, his view is that these are lending products. They're not banks. And in fact, for the average person they're basically making an investment and a lot of these are offered as an, they're unregistered investment contracts in a sense. What is an S1? And that's one is a public disclosure document that a retail investor can read and understand. And you can decide, you can read through the S one and say what are the risks? What is this? What am I actually getting into here? And so that's fair disclosure. So that's people and, the review of a major regulator the SEC.And so that's one, one standard to look at, there are others that, don't have any of that. And so you don't actually know what the underlying risk is other than the reps that are made through marketing, or maybe some high level stuff. And so I think you have to, you have to look at this through, through that lens. now DEFI is a different story. if you get USDC. DEFI protocols have some advantages to them. But they also have a whole lot of risks to them as well.There've been DEFI protocols that were hacked. And this is like software and all of a sudden the money is managed by software and the software gets hacked and they, that's gone, but you have some, defined protocols that are more pressure tested. There's probably going to be more and more disclosure audit type requirements on defy protocols over time, as well as the market participants want to have better hygiene around them. I think, buyer beware on all this stuff.BZ: USDC has a brand. So do you talk to these exchanges to make sure that they're trying to make sure that borrowers are good ?J: Because USDC is a free floating digital currency it can be utilized in so many different applications in so many different businesses and so on. And you've got, electronic markets firms that might be.Doing a trade with someone with USDC for $300 million in one transaction, you've got other, NFT markets that are utilizing USDC for payments on pieces of digital content and the, and those are, multiple layers removed. it is important though, that we need to always ensure that people understand USDC as a dollar digital currency itself is safe, stable, transparent regulated, compliant, all these things.Just like you use your dollars with an online payment service, you can still be defrauded. It wasn't the dollars that defrauded you. It was the other side of it.BZ: Do you have a minute to talk CND ?J:We initially negotiated a merger with Concord acquisition and business combination agreement in July of last year.And getting through the SEC qualifications taken a bit longer than we had expected. We had thought it would be, consistent with other spots4-5 months it's just taken longer and which is fine, and we're getting through it. We're making progress through every round of comments. But as we walked into the new year the business outlook has changed pretty significantly. The company grew USDC really rapidly. We're in a rising interest rate environment.Our transaction and treasury services businesses are taking hold nicely. And so we looked at the actual deal was set to expire in April. And so we we re-negotiated the deal.We extended the timeline so that it had enough time to get through the dispatch and the, in the sec process.We also eliminated the pipe from the first year. we also issued revised financial outlook for 2022 and 2023, which are considerably stronger from from a both a top line and a bottom line perspective from where we were, nine months earlier or whatever that exact timeline is.And so the increase in the value of the company is really reflective of the tremendous position that we've put ourselves in with the business and obviously the new outlook.Support this podcast at — https://redcircle.com/the-raz-report/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Rhonda Vetere is a seasoned C-Suite executive and passionate global leader in technologyRecognized as one of Most Powerful Women in Technology and a two-time author, Rhonda is an active leader — whether she's spearheading corporate initiatives around the world, competing in another IRONMAN 70.3 mile triathlon, or mentoring students & athletes globally in STEM through sports.Rhonda has worked across industries as a CIO, CTO, global executive, and digital transformation change agent at Herbalife Nutrition, Santander Bank, nThrive / Pamplona Capital Management, Estée Lauder Companies, AIG, HP Enterprise Services, Barclays / Lehman, Bank One / JPMorgan Chase, CompuServe, UUNET, MCI, and Worldcom.She has lived and worked internationally – in New York, Hong Kong, Singapore, London, Mumbai, and across India – and has managed teams of up to 20,000 people. Vetere is the author of Grit & Grind and co-author of an HP special edition book, Enterprise Service Management for Dummies.With an ability to support mergers, create synergies across lines of business, and leverage her onshore/offshore experience, Rhonda is a results-oriented, client-focused executive and delivers value by driving technology improvements for cost and performance to drive the right business outcomes.From her experience as Chief Technology Officer at Estée Lauder Companies, Rhonda has deep domain expertise in technology and data. Her role included global leadership across 162 countries and running the technology & operations team. She spearheaded the transformation of the IT capabilities foundation into a digital environment at record industry pace, without business disruption, around the world – while saving $28 million a year.Recognition & InvolvementRhonda has been recognized with for her leadership and influence, notably as one of the Top 50 Most Powerful Women in Technology by the National Diversity Council in 2019 and 2020, and Stevie Award for Excellence in Transforming Business (competing with over 1500 CIOs and CTOs) in 2017. In 2021, she was one of The Most Admired Women Leaders in Business, Top 20 Businesswomen Leading the Charge, 2021 Most Influential Businesswoman in Technology by Corporate Vision Magazine, 2021 Top CIO/CTO by the Tech Inclusion Conference, and Top 100 DEI Leaders in 2021by Mogul.She has been featured in renowned publications, including Forbes, Huffington Post, Thrive, Moneyish, CNBC, Women of Influence, Financial Post, Triathlete Magazine, SWAAY Magazine, and more. She contributes her perspective and knowledge through serving on boards for professional, educational, and athletic institutions, including The Boys & Girls Clubs of America, VETtoCEO, African Community & Conservation Foundation (ACCF) Ambassador, Longwood University, George Mason University School of Business, SWAAY Magazine, and Xcelocloud Inc. 

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