19 Burst results for "Core Software"

"core software" Discussed on The Changelog

The Changelog

05:35 min | 2 months ago

"core software" Discussed on The Changelog

"So do you think you've learned through chef that the red hot hat style that you guys eventually adopted like is that the way to go if you're trying to do what y'all did. Yeah i know there's different models or they're not business models. It's different ways. You can approach business. Has you one hundred percent. Call them business models. 'cause that's what everyone does so i should. I'm trying to be gracious for you. Know you don't but i respect you so much. Yeah it's there are other ways to do it but Seems like that's kind of the one that you decide is the best one. Yeah i mean with the giant caveat that everybody's situation is different yada yada yada. I think if you really break down the options available there's some just immutable facts about business. That are just real so the way business works no matter what you wanna do. You have something. And i would like it and in order to get it. I must hand you dollar bills. That's business in a nutshell anytime that we're not doing that. What we're doing might be interesting but it's probably not business right but that's really what businesses like you've got stuff i want it. I pay you. I get it what we do with open source. Businesses is open source. Tends to mean that i can have it for free that for zero dollars. I can acquire the resource and that means of course that some people won't pay for it because they don't have to pay for it and so then you have to find out what's the thing that i pay you for the way i talk about that is that you're creating artificial scarcity. Write the software itself is infinite. Anybody can use it and you can get it from anyone and it's all good but in order to get you to pay for it. I have to create some kind of scarcity so that you're willing to part with your hard earned cash. In order to acquire the goods so one way we create that scarcity the traditional way is by just keeping it to yourself and then only giving it away for money. That's proprietary software right right and that model we know works if you build something of value and you want to sell it for money people will bay for it because they want it and like it's pretty straightforward when we do open source. Were making it more complicated. Every time and so in the most traditional one would do like open core where we say. Well yeah the the main part of what we do which is usually the most valuable thing you do. because if it's not valuable than the open source users don't need it right is completely free. It's zero dollars and it's open source. You can take the source and bill derivatives and do whatever you want with it and then there's some other thing we built on top of it that's even more valuable than the first thing was to a certain target market so you know analytics for the enterprise. It'd be a good answer or sample support. You want samo support. Cossacks stra right. The problem with the open core model is that you always get it wrong and you gave away the most valuable asset which is probably whatever it was. You didn't open source. So in the case of chef the most valuable thing you got from chef was chef like you had configuration management. It ran facebook right for free. That's amazing super valuable. Gave it to you for free zero dollars. Now when i would try to build open core software on top of it. It was never as valuable as chef. It's hard to build something. That's that valuable so like trying to find something. That's that valuable on top of something. That's that valuable it's just. It's a really difficult proposition. So then the next way to think about doing that. There's a lot of others delicious. Talk about open the the free software product model so the red hat model. So what had did that was genius. Was they said all right. Software is not a product right. So if you think about software just like the bits and a product a product is something that i buy from someone and it comes with all the things that has been has packaging and marketing and sales guys and support documentation has all this stuff software. That's the stuff that i get from. Get you know. Or that. I could just like. Maybe i can run it. Or maybe i can't. That's software right and what red hat said was what people buy our products. They don't buy software. I products especially companies enterprises. Don't buy software byproducts. And so what we're gonna do is we're gonna make enterprise products out of open source software right. So they said we'll take open source. Software that gets this big reach and gets us like this huge array of different verticals. We can go into and for each one of those things. We're gonna package it together into a product that the enterprise can consume. And then we're going to say that that supply chain and all the pieces in components that make up that thing. That's my product. That's what you pay me for and by doing that. They essentially reinvent the proprietary business model. Because if you want red hat enterprise lennox. There's only one way to get it and that's pay red hat money now. You could run. Toss all day. You could run whatever else you would wanna do feel free. But it's not as red hat and so then you have to ask yourself questions like we'll do i trust to the supply chain. How do i know Who do i call. If there's a problem what if there's a security vulnerability and the guy who does the security vulnerability patches in santos is on vacation and they forgot to give somebody else the keys to release the software. What happens then. What if i have a colonel bug in my high frequency trading systems. How do i feel about that now. And in all those cases that tends to swing you right back to the proprietary one right and that's why people pay for it and you hear engineers all the time be like i would never pay for that stuff. What a garbage thing softwares free just download off the internet. Do what you want and mike. That's because they're engineers and they're talking about software talking about products and so yes..

facebook lennox santos mike
"core software" Discussed on What Goes Up

What Goes Up

03:13 min | 4 months ago

"core software" Discussed on What Goes Up

"Us t. and then sell that to catch ten percent arbitrage the other way so zaki. Let's let's hear what you're up to these. How how do your projects fit in with tara. What is doing so you know. I've been building a lot of the infrastructure that Tear uses for the last seven years so a lot of a lot of the core software infrastructure that tears built on his buildup of project And so we've been working very closely with the terrain with dover for many years as they as they've been building our ecosystem I'm working on a project called familiar. A which is very focused on the sort of unique role of liquidity providers. So one of the things that is like very cool about these new Divide markets on. Is that anyone can be a market maker. it's not as elitist but like we need better tools and so it's really is focused on doing is building better tools for market makers in markets like terrorists flop and unicef and all of these divide exchanges and it was really focused on serve democratized access to and. I'm glad you brought that up. terrorist swap and swap. Sort of a different A vastly different sort of model than your quinn base for your by nance. Walk us what he does could walk us through. How a defy exchange like that works. I mean i guess the ultimate goal is no middlemen at all right you just want users to be able to trade with each other with just the the blockchain serving as sort of the the the the the exchange itself is that is that a i mean it might be an oversimplified explanation but does that basically a okay so there. There's there's a couple of things so basically they're this. There's there's idea called a constant function marketing acre where there's a very simple frequently very simple algorithm that looks at a the value of two reserves and computer sofres on and then someone can swap Through that reserve. So why why do we want to have systems that have reserves rather than having systems that you know just match buyers and sellers and converge are rice Which is actually. We tried with over the history of In the space. We've tried all kinds of different market architecture. But the one that has really taken off as this terrorist laputa swab consumption market maker with reserve and the reserve is provided by could be writers who which semillas is trying to serve and why is the why is.

zaki tara unicef nance quinn Us semillas
"core software" Discussed on Automated

Automated

02:07 min | 11 months ago

"core software" Discussed on Automated

"You got to be agile and adapt quickly yet. Yeah and i think maybe to tie this to the to the beginning and maybe to kind of as one of the final thoughts Is really one of the main drivers of this Flexibility that we've seen growing especially in the larger organizations over the last twenty years where you have so many different kind of processes that has maybe even bogged down. Cos i think there was actually one part of the donation book that was saying. You know it's a lot easier to even change the entire executive leadership of company than it is to change the kind of core software digital processes in that company. So it is. Yeah yeah so. Maybe if out of anything if covert has enabled More flexible software. More flexible code through low code and through the work that i'm doing and yourself We might. i don't know maybe see some kind of interesting changes over the next five. Ten years with this hyper flexibility. That many organizations are going to be happening. Is it if anything cova. China big spotlight for everyone to see where those areas of inflexibility were and not. All of them were solve in the past. What nine months now So they're still people are aware of these challenges now in response to those in their planning the future as far as how do i not have these inflexibility areas in the future and accommodate the next pandemic or global issue. Yeah i think i think. That's a maybe a great point to end on a pragmatic a kind of afford Looking point i really like that Thank you very much for coming. Onto the to the podcast. I will have a link to the hyper automation book Is there anywhere else that you want people to connect with you. I'm assuming lincoln. Are you on twitter. Lincoln's great on twitter ima- rapin dot com. Mr in our opinion malcolm. Ross african Or linked of course happy to connect with everyone in a check us out.

twitter Ten years Ross african China nine months one part ima- rapin dot com Lincoln one last twenty years one of main drivers five malcolm lincoln
"core software" Discussed on Hit The Road

Hit The Road

08:00 min | 11 months ago

"core software" Discussed on Hit The Road

"Colonel. parrott's booed the exact same record and own. Bruce recorded this year while this the core software has been really exciting and competitive in the last few years of previously uncle. That minder mahajan broke the record. A little more than your back. We were there with oems. Father that is hitting the margin and my inner margin on and chatting about their exciting journey of cycling doing race across america and there. We're the partners for their sea to sky venture and now exactly one year later. I am sitting with home where he's also breaking records so yeah just thought why not. Just sit up and chat with him on. What's going on man so other journey. How how was it from your key to key so it was a journey. I would say but it was to write this food on thirteen now. Nowvember from non jokes air six. Am so it was socorro ordered Zero to forty s day. I got from you know. 'cause meet martin making association and hiking associates. Who gave that head off. They're drawn here from meet then. A sixty member does a fast Highway aren't inflected so after that In my economic Offered a checkpoint over that endorsed bob Gopher marked isla prepared flooded because this is something which could happen. Data like us meet so hired With me and they don't do the retailers aren under With me under the Salon from the identity solo from there. My second weekend was double witches hundred number two strong support florida. The next two hundred florida's individ- Limiters are so unfortunately on that day they were doing. The job offer Aaron so they don't need some bombarding iron the used. Acp stoop Yeah so It was happening And everytime On actually's brimmerton half and hour. So that they they to make clear Another boss so he was there. Yeah so. I don't think ten minutes Brea ben Flash flooding on the names far dame's atwells Remember it was kind of frustrating because you are teasing guard plus days the on the Than you expect a lot from yourself but you learn venue lineup. Unsubsidized situations Where do just kind of anything between back But so Crossing such circumstances. I came across do bunkers which added bama's yet is something which comes a lot of help because they're making depending on by yourself earned a time condomania trying. It's time consuming. Secondly a you know. Make it through davis Invading his gloves remove them to welfare than fingers kind of earns many of support vague legal. Just you know that easily And keep on going right. Yeah this is something richmond And after after getting so frustrated for the sixty dupont was flying. Because i was not really mentally prepared for that. I i knew i could. I would while have rights of support but these closures Yeah yeah then. We'll come to your journey of your your engine of kato k. But before that. I won't do your crew and how this planning begin for you then so i am a cyclist Seven years and i was visiting to fast increasing. I was known in northern safety records t months from now in the period of lockdown when i came with the talk i just had jackie Deny said that. I want to do how fizzy buddies meteoroid next day. These are there if you work hard now you gotta support than the day card up. My coach matthias Flushed convincing that. The lewis. I was a hardcore today. said interesting. Also he was planning you increasing nia a to convince him that know how to get into endurance. As of now. I will also but for now minorities anger. Yeah he was shocked plus but then for the first time. Yeah then he you know he took it seriously. I e sending me the shirt then Our target was You know that can live under this nothing but for that but it was sworn earned gobert signed also had Mind because there's less alabama Provided for the first time. Anglo is really competitive. I said last year so hard that in my mind that i good debt you're decorative Family so yeah. I wonder to work. And so i thought that was to inform. Actually i was planning to lure seventy. Yeah but the big off my that education in the states united states i may have Have wanted to go to the states and budo ability and i was in fall under the Find averted amazing. Yeah i flooded before. They are to apply for denise because they're not months for them to give up also ordered association because i want Them reach mutation void cycling oak. Yeah so these were recycling association Guineas florida new informed Quite before You start the Invented the fluid from both of them. Then you can begin with it or so. It was on three months That i a registered with both of them. Let them know the nine guard their flag. You can go for debit card. And then i started on fifteen. I was supposed to start on sixteenth Because there was a high prediction of rain and snowfall. Which actually happened. So i was going to drive down. Microwave goes on fifteen hundred Fifteen but i've played played to now kashmir with a bicycle and the Left early because of descriptions so we started.

minder mahajan martin making association and bob Gopher parrott socorro florida Colonel isla jackie Deny Bruce america bama dame Aaron gobert dupont richmond davis lewis Anglo
"core software" Discussed on The Dental Marketer

The Dental Marketer

08:40 min | 1 year ago

"core software" Discussed on The Dental Marketer

"More efficient with alicia by assistant jessica. Seven hundred bucks. Yeah and. I initially contacted local mad. 'cause i'm good the retrograde i've been a couple of dense with them and Located was purchased by dental intel. So now they're trying to get you to do dental until if you local med and an online scheduling local met is very important because you need to address the elephant in the room. Which is you know. i'm thirty three. I don't wanna call somebody if i don't have to. Now hell no right click biden and yes you know a okay. So then so then what. What's what can what do we do. What where do we go from here. Then as far as with that. So it's telling off the top talking with us if you don't have a lot of time to evaluate all these things we've can just be. That leg will screw it. I'll just go with. We've and they'll do everything you could do that. But i kind of lean towards Practice by numbers. Just because i pay attention to those guys and i like the idea that their masterminding coaching etcetera. So i would love to get practiced by numbers. Which would mean that if i got we. It'd be redundant and maybe flex you know. A lot of people like their treatment plan presentation software. Her right and there they do that like in house. Membership club automation. Magento does a really great job on the on. The you know payments side They also have the membership They do a really good job on that as well. So it's like you know there are those things in your business that you will you know like the the alpha version or like the limited version. But you're willing to pay for another product delivers that service at like eight plus level. I i have in my business. I have several different analytics tools. Even though my core software has these reports I have these others office. They do a much better job presenting the information in. I don't have to waste a bunch of time mainly running all this stuff. So then how much is we've if we were to be like. Let's just do it. Let's go with seven hundred Isn't that seven hundred price range but if you got bullpen. That's fourteen hundred right there okay. So then let's just say sounds like you're pretty. You're you wanna do practice by numbers right. So let's just say you get practiced by numbers at holes. Yeah how does he feel other holes. So i i almost need like we need like a checklist a spreadsheet like the one does we find a grid but okay so you can do mango for boy go. He began for the dashboard. And you would still need. What patient Anger knee and paperless and online scheduling. So yes so. Now we're in the modesto flack or somebody yuppie and add local med or wait. Flash is really selects book. So you don't locate in that scenario so it would be more like really really clear things up here this information out there. Let's do this. Let's do this. Let's create me something that is obviously like not the cheapest but the most affordable but at the same time with practice by numbers. So how does that look all right. So we have scenario one. Which is our to. Modesto is two hundred fifty dollars a month ago. Manto does paperless. Texting reviews reminders. What we call. I simply just keep the communication platform which includes paperless world to swell into here swap. Okay with modano. So i mean or is it it is right well okay see so they. They do have a another offering modesto plus well so you pay more to get it but they do have reviews built into it swell as just like what we talked about an eight plus when you're already getting the the basic features swell adjusts so much better at reviews. They have a place even if you're already getting it through one of these other providers just reviews movies like the somehow. Yeah i think of them. Like single feature set amazing at reviews even so you could suck it up even if you know. You're getting that through one of the other services so now let's do this. Put the foundation down and then we can add on stuff right like this and stuff. So let's let's say be put in modesto now have paperless. We have communication tools. We have reviews if we want to use it right We still need a phone system. So it's slide in mango. Although i'll just mention they do have integrations with ringcentral in jive as well which are other just phone providers modesto mango and now. We're really missing practice by numbers so we have an were missing online scheduling. Yeah it was a local. No memento to fifty local med to fifty my calculator really. Quick evan. How many phones are you gonna start with I think we've got three lines in the office right now. So maybe like six phones seven phones. These they charge per handset we. What did you say that. Not just like lines into the office. But you're also gonna need like phones in the back office you can transfer back there. So what are we going to say three at the front desk clause we like to more. They also zones with mango. I know that the phones will come free of charge about twenty five dollars a month for an set in ebony. you'll just one line. So this is the analog system that you actually need multiple lines to physically have phone call rollover but when you just have a server handling all these calls you just have one line okay. So that will collapse to. What's let's call that phone. Bill hundred twenty five dollars a month. You took mango off on their free deal to get the phones and then practiced by numbers is how much think when they're like three hundred bucks. I twitter about nine twenty five a month so you just paid open dental one hundred and seventy dollars your total software stack bills about eleven hundred dollars a month magento to fifty to fifty so i got fifty to fifty local med opened a one seventy mango at one twenty five and practiced by numbers of three hundred thousand. Ninety five okay. Can we get lower. Can we get lower and less. Yeah okay all right. Who's keeping track score at home. Brynner's here that typewriter in the background versus if you did leave plus local the only thing that's missing so you allow you're looking at basically the same thing about yeah seven hundred lodge to actually like a little bit more expensive. The seven hundred for. We've plus you damn local med. So that's fifty nine thousand plus open dental one saturday. Yes here right up there at eleven seventy yeah okay okay. So then we were at. Let's just say now one thousand nine hundred five. How can we get lower. But but evan. You're not getting the practiced by number analytics feature set. You're getting very pared-down throw in analytics tool route. Yeah yeah yeah. Yeah i mean so you know for me kind of my. You know maybe not. Everyone practices way. But i love using companies that have a singular focus in only care about being good at that one thing. We're going to translate omen a dental world it's like a specialist versus a j. d. Only does one thing all day long. They're sending the hard cases of ended on.

Manto alicia biden jessica intel modano Modesto modesto evan Brynner Bill twitter
"core software" Discussed on Real Estate Coaching Radio

Real Estate Coaching Radio

03:57 min | 1 year ago

"core software" Discussed on Real Estate Coaching Radio

"The abundance that you create from being of service to other people and if you are not living the life you want go to the very core software thing. I'm doing my best to help you. Guys realize is that there is a direct relationship between the number of people. You help in accomplish their goals in the and the abundance ultimately experience in your life if you do not have the abundance in your life that you want that you think you deserve and you do then you have to see and understand. It's because you have not helped enough people so now the next natural thing to do is ask yourself. What do you have to do to help more people. What is it that more people in real estate need help. Doing and obviously the answer's going to be probably not what most of you are doing with most of your time. This is the reason julian. I always are very very direct about essentially a lot of this stuff. Being sold to agents. It's not going to a produce any transactions. And if it does it won't produce any more profit for you and with without those two basic building blocks of decision making if you don't know how to quantitatively and specifically drill down on people that are trying to sell your stuff if you don't know the tough questions to ask and we talked about that on a podcast. I think two days ago you're gonna end up constantly buying easy buttons shiny objects. You're going to constantly be tasting the rabbit that's going to turn out to be a mirage and then you're going to lose years and decades and then you're going to realize that you basically have wasted your time maybe pursuing things that we shouldn't have been even worrying about the first place and again go back to the point. We made a second ago about ego. That really is at the heart of what holds most of us back. It's look we can work forever and we can talk forever about mindset in your belief structure and it's all your stuff that jillian i..

jillian i
"core software" Discussed on Posts – Imagely

Posts – Imagely

04:13 min | 1 year ago

"core software" Discussed on Posts – Imagely

"Wage is settled back and listen as we show you. How now here's your host Scott Wyden kivowitz Welcome to episode 112. My name is Scott widen cover which the chief Community officer here at image Lee and today I want to ask you a question. Have you given up on WordPress and I'm asking this because life is over the past couple of years. We have seen WordPress in the news more often than not and it's not always for good reasons. A lot of times. We're press is in the news wage because of a vulnerability in a plug-in or a theme Mead for WordPress. Not necessarily WordPress itself. You see we're press the core software package is pretty solid. Yes. It is changing on a regular basis, but it is an open-source platform that is made by countless developers around the world all who have quality code quality skills and love making sure that the WordPress software is well-built, but every so often there is a plug-in or a theme that has a problem. That has some sort of security issue going on. It's even happened at image lie with our products and we are quick to resolve that issue. A lot of Hosting companies will actually force a theme or plug-in update when if that theme or Plugin has a security issue and it has been patched by the developers and that is the right thing to do some hosting companies will actually remove that theme or plug-in from your site without even notifying you an intern potentially break your website. That's the wrong thing to do. So I'm asking you if you have given up on WordPress. Have you given up on WordPress because it's complicated or because of the security issues that you've come across or because you've had to do some maintenance if you could have given up a WordPress. I am sorry and I do want to hear why you have given up on WordPress and what you've moved to and how complicated was that move comment in the show note that image laid off podcast 112 to let us know but if you're still here using Wordpress listening to this podcast to watching this podcast then I also want to hear from you. What do you say you love about WordPress? What is making you stay? And what are you excited for an image? They were working on what we call Image least sites. It is a turnkey photography website solution and we're doing everything we can from 10 to ensure that image least sites is the best photography website platform available and the best part about imagery sites is although it will be a hosting platform. To make photography websites easy for any photographer no matter the technical experience. It is a hundred percent built on WordPress. You won't break it. You can't break and it's giving you all the flexibility that we're press can give you without the maintenance that you might be dreading. But we also want to hear from you about what you would be excited for in image these sites. So I go to m usually, 112 click down in the show notes, you'll see there is a link to a survey where we are asking you to fill out take 2 minutes of your time to share what you would think would be good experience for you for imagery sites. And in return we have a gift that will be available to you if you put in your email address as well when filling out the survey, you will receive a gift if you have given up on WordPress again, and we want to hear from you as well. I'm sorry you gave up on WordPress. If you are still with WordPress. Well it Powers dead. A third of the internet, so I'm not actually surprised but you know, I'm glad you're still here again, the show notes can be found that image li.com / podcast 112,000 see you in the next episode and thank you. Thanks for taking the time to listen to watch and hopefully to fill out that survey. You've been.

WordPress Scott Wyden chief Community officer Lee intern
"core software" Discussed on The WordPress Photography Podcast

The WordPress Photography Podcast

04:13 min | 1 year ago

"core software" Discussed on The WordPress Photography Podcast

"Wage is settled back and listen as we show you. How now here's your host Scott Wyden kivowitz Welcome to episode 112. My name is Scott widen cover which the chief Community officer here at image Lee and today I want to ask you a question. Have you given up on WordPress and I'm asking this because life is over the past couple of years. We have seen WordPress in the news more often than not and it's not always for good reasons. A lot of times. We're press is in the news wage because of a vulnerability in a plug-in or a theme Mead for WordPress. Not necessarily WordPress itself. You see we're press the core software package is pretty solid. Yes. It is changing on a regular basis, but it is an open-source platform that is made by countless developers around the world all who have quality code quality skills and love making sure that the WordPress software is well-built, but every so often there is a plug-in or a theme that has a problem. That has some sort of security issue going on. It's even happened at image lie with our products and we are quick to resolve that issue. A lot of Hosting companies will actually force a theme or plug-in update when if that theme or Plugin has a security issue and it has been patched by the developers and that is the right thing to do some hosting companies will actually remove that theme or plug-in from your site without even notifying you an intern potentially break your website. That's the wrong thing to do. So I'm asking you if you have given up on WordPress. Have you given up on WordPress because it's complicated or because of the security issues that you've come across or because you've had to do some maintenance if you could have given up a WordPress. I am sorry and I do want to hear why you have given up on WordPress and what you've moved to and how complicated was that move comment in the show note that image laid off podcast 112 to let us know but if you're still here using Wordpress listening to this podcast to watching this podcast then I also want to hear from you. What do you say you love about WordPress? What is making you stay? And what are you excited for an image? They were working on what we call Image least sites. It is a turnkey photography website solution and we're doing everything we can from 10 to ensure that image least sites is the best photography website platform available and the best part about imagery sites is although it will be a hosting platform. To make photography websites easy for any photographer no matter the technical experience. It is a hundred percent built on WordPress. You won't break it. You can't break and it's giving you all the flexibility that we're press can give you without the maintenance that you might be dreading. But we also want to hear from you about what you would be excited for in image these sites. So I go to m usually, 112 click down in the show notes, you'll see there is a link to a survey where we are asking you to fill out take 2 minutes of your time to share what you would think would be good experience for you for imagery sites. And in return we have a gift that will be available to you if you put in your email address as well when filling out the survey, you will receive a gift if you have given up on WordPress again, and we want to hear from you as well. I'm sorry you gave up on WordPress. If you are still with WordPress. Well it Powers dead. A third of the internet, so I'm not actually surprised but you know, I'm glad you're still here again, the show notes can be found that image li.com / podcast 112,000 see you in the next episode and thank you. Thanks for taking the time to listen to watch and hopefully to fill out that survey. You've been.

WordPress Scott Wyden chief Community officer Lee intern
"core software" Discussed on Entrepreneur on FIRE

Entrepreneur on FIRE

04:01 min | 1 year ago

"core software" Discussed on Entrepreneur on FIRE

"Greg say what's up to fire nation and something interesting about yourself that most people don't know how low fire nation. . So excited to be back. . Something that most people don't know. . If my wife knows this I watched the movie, , the founder of McDonald's story. . So I cried during that movie. . This there's a reason. . My wife doesn't know I was a little embarrassed to admit I. cried . during that movie at the scene where you know you might not expect any tears. . When the original guys not the see the founder of the move in the movie. . But the original guys who created it are in a parking lot and they've sort of chalked out and mapped out the the shape of their kitchen and they're passing trays and Burgers like mock trays and burgers around. . For days trying to optimize how the flow of food through the kitchen is going to go to build this optimal system. . Really brought tears to my eyes because to me it was like entrepreneurship at its best like just people who are so passionate about something that they had to get it just right and they were willing to like spend days in this parking lot doing something that everyone else would probably think they were totally crazy doing and yet then came up with the McDonald's system out of it. . Man I. . Love that you have such an entrepreneurial heart in that direction. . That is super cool and as you were kind of describing that I could definitely picture that scene unfolding and just being like man these guys just really care and they're so committed and fire nation. . That's how you have to be by the way. . That's how Greg is with his company think havoc and that's why we've just today as you're listening to this started. . An amazing year, , long partnership because we've been using epic now for years and years and years the podcasters paradise and we love them for all of those reasons because it's just the best core software to use you. . Now, , we've even getting together and you know speaking of like putting together the perfect system we still have, , of course, , a lot of tinkering to do because that's what we do by. . We've come up with this amazing five. . Day course challenge completely for free fire nation. . If you knew how much time Greg his team myself and kid of putting behind the scenes to make this amazing course challenge for you, , which by the way is free like you'd be blown away but it's just because Greg hair his team cares kate nine we care and that's why we really hope you do take that action and get over to think epic dot com slash fire we'll. . Be Talking more about this challenge. . At the end of the episode, , we have a lot to cover today we're talking all about the three, , hundred, , billion dollar industry and growing in how you fire nation can find your opportunity in the online course industry with, , of course, , the best person to talk to about this with Greg Smith. . So let's talk about the recent events because we do live in a different world than we did year ago. . How has these recent? ? With cove in the such affected, , the online course membership. . Yeah, , it's had a long term impact on it and it's been amazing to see it happen obviously <hes> so much tragedy in the events that have happened and are happening. . But on the if you're on the side of creating online business and in particular in courses and membership sites, , it is it is wild there's so much changing their so quickly. . I see <hes> first of all, , it's like the future has we've just been teleported into the future. . All the projections people had for twenty twenty, , five twenty. . Five years from now are happening right now, , and so the market size is exploded. . Really really quickly in terms of more people, creating , courses, , more people, , taking courses, , and to be honest it's a little bit like the wild west out there in a good way and that there are so many people who are taking courses for their first time ever now that there's a a new way of looking at things. . So it's it's it's easier to get started than it's ever been, , and it's created this environment where I mean really if you're starting most online businesses or an especially in courses in memberships. . been any better time to get started

Greg Smith founder L. D. CEO and Co twenty twenty Weiss Brunson Josh Russell McDonald Joanna Mike
A $300B Industry and Growing: Find Your Opportunity in the Online Course Industry with Greg Smith

Entrepreneur on FIRE

04:01 min | 1 year ago

A $300B Industry and Growing: Find Your Opportunity in the Online Course Industry with Greg Smith

"Greg say what's up to fire nation and something interesting about yourself that most people don't know how low fire nation. So excited to be back. Something that most people don't know. If my wife knows this I watched the movie, the founder of McDonald's story. So I cried during that movie. This there's a reason. My wife doesn't know I was a little embarrassed to admit I. cried during that movie at the scene where you know you might not expect any tears. When the original guys not the see the founder of the move in the movie. But the original guys who created it are in a parking lot and they've sort of chalked out and mapped out the the shape of their kitchen and they're passing trays and Burgers like mock trays and burgers around. For days trying to optimize how the flow of food through the kitchen is going to go to build this optimal system. Really brought tears to my eyes because to me it was like entrepreneurship at its best like just people who are so passionate about something that they had to get it just right and they were willing to like spend days in this parking lot doing something that everyone else would probably think they were totally crazy doing and yet then came up with the McDonald's system out of it. Man I. Love that you have such an entrepreneurial heart in that direction. That is super cool and as you were kind of describing that I could definitely picture that scene unfolding and just being like man these guys just really care and they're so committed and fire nation. That's how you have to be by the way. That's how Greg is with his company think havoc and that's why we've just today as you're listening to this started. An amazing year, long partnership because we've been using epic now for years and years and years the podcasters paradise and we love them for all of those reasons because it's just the best core software to use you. Now, we've even getting together and you know speaking of like putting together the perfect system we still have, of course, a lot of tinkering to do because that's what we do by. We've come up with this amazing five. Day course challenge completely for free fire nation. If you knew how much time Greg his team myself and kid of putting behind the scenes to make this amazing course challenge for you, which by the way is free like you'd be blown away but it's just because Greg hair his team cares kate nine we care and that's why we really hope you do take that action and get over to think epic dot com slash fire we'll. Be Talking more about this challenge. At the end of the episode, we have a lot to cover today we're talking all about the three, hundred, billion dollar industry and growing in how you fire nation can find your opportunity in the online course industry with, of course, the best person to talk to about this with Greg Smith. So let's talk about the recent events because we do live in a different world than we did year ago. How has these recent? With cove in the such affected, the online course membership. Yeah, it's had a long term impact on it and it's been amazing to see it happen obviously so much tragedy in the events that have happened and are happening. But on the if you're on the side of creating online business and in particular in courses and membership sites, it is it is wild there's so much changing their so quickly. I see first of all, it's like the future has we've just been teleported into the future. All the projections people had for twenty twenty, five twenty. Five years from now are happening right now, and so the market size is exploded. Really really quickly in terms of more people, creating courses, more people, taking courses, and to be honest it's a little bit like the wild west out there in a good way and that there are so many people who are taking courses for their first time ever now that there's a a new way of looking at things. So it's it's it's easier to get started than it's ever been, and it's created this environment where I mean really if you're starting most online businesses or an especially in courses in memberships. been any better time to get started

Greg Smith Founder Mcdonald Twenty Twenty
"core software" Discussed on Heartland Newsfeed Radio Network

Heartland Newsfeed Radio Network

06:15 min | 1 year ago

"core software" Discussed on Heartland Newsfeed Radio Network

"The ideas of freedom and cryptocurrency, and we will explain. More. About these topics, we don't WANNA get too deep into the weeds of like the technology behind this stuff. So you know if if if any of US sounds like we're getting to techy than, we should stop the other and make sure we it's always important. Remember there's people tuning in who've never heard of any of this before they don't even know what Bitcoin is. Right. So always have to remember who the audiences and that's why I'm like, Super Skeptical of this cloud coined because apparently according to one of our last callers, the founder of this thing went on coast to coast am to talk about this. Now either he was calling in because he was just a caller and happened to get on the air or he was scheduled guest few scheduled guest I'm going to say it was a pay for play you know paid interview because why would they have? The founder of cloud coin on the air. Otherwise it's it's unremarkable as far as what it is it is not on any kind of bitcoin exchange. That's that's another red flag because it's the next best thing you have to get it out there for people to realize that it's the next best thing you do have to get it out there and maybe it's not a scam per se maybe the guy who programmed this really is. Genius and he's come up with some sort of amazing system. He got a little comparison page on the cloud coin website that compares I have a general rule where if you are going to sell me a thing and I ask you what's in it and you tell me won't show I usually don't buy it well, I mean usually but that's not necessarily true. Is this delicious cupcake can can you tell me what the ingredients are? No. And again when you're talking about software, there's a lot of closed source software out there where they won't give you that information there is but the amount of trust that I have to give someone for closed source software is probably lower than the amount of trust for any like major investment like shh. Okay. Let's say you're closed source software is terrible just absolutely wretched like okay. It might break my computer and probably wasted the like fifty bucks or whatever it costs to get your software right whereas with something like this it's like Oh you stole thousand Bucks A. From. Your life savings in some people's just is right. I just WanNa to be clear that just because it's not open source doesn't make is not the factor that makes it a scam. Didn't say most people. Most people aren't going to give me poison cupcakes either the thing they don't. They don't publish an ingredients list for almost any liquor that you can buy. Usually, not a big problem, right? Well, the thing is we don't know and and one of the ideas. One of the sort of route concepts in crypto currency is you don't have to trust them because you can verify it because the code for Bitcoin was released publicly, and since then all these other cryptos have most of them have copied bitcoin and changed a little. Bit here and there, but they all released their their code publicly the ones that are legitimate even the bitcoin code, how many uses of Bitcoin have gone in downloaded the source code and like read through probably a small fraction of them but somebody has sure you know by now it's been pored over and pour it over and changed and looked at and argued about. The Ad Infinitum very least probably the people that forked from it and from from an individual perspective, you're then putting a lot of your trust into the collective I'm sure but I don't mind using Lennox either okay I trust the Geeks in house. And that's because, I, know some of them, right like we were just out a social hang out and there's a guy there who works on crypto currency named Hush. He's name is Duke. We've had him on the show on on occasion. On occasion he is a bitcoin programmer. He's one of the guys who has. Code? To bitcoin and I know Duke and I know that he's a good guy and I believe that there's enough good guy geeks out there who've looked over these programs to where I don't have to learn how to program and do it myself I accept that this kind of a reverse panopticon where any of the. None of us are necessarily looking, but any of US could be looking. So it's very much the same principle that is used for oppression in the panopticon only turned on its head. Interest, any one of US could look into it. If we wanted to hear, it could also be like a murder in the city. Right? We're theoretically anyone who call nine, one one, but the victim bleeds out because nobody calls nine one one because everybody thinks someone who's willing to. Well. If they got blood on your jacket, you'd probably yellow about it maybe well, their stories where they know. New York City if they're code is terrible, you're probably GonNa make a fuss because you lost something well, if there's some sort of malicious or back door related code hiding in the deaths of the bitcoin core software, then it's been a major failure on the part of all the programmers who've looked over that software between two thousand nine and now to not discover it and a major act of. On the part of whoever it is that put that code in their the dastardly individual, who was it who managed to conceal it so well, they have had incredible resistance to actually using it right later they've been waiting and waiting and waiting because like the longer they wait the more, it'll be worth in the more they can steal from people or whatever, but it's just it's preposterous to believe that that could be the case at this point because the code has been reviewed by countless programmers over the last decade. Cloud. Coin. So far I've yet to find any kind of access to their coats. So that's another huge Red Flag James Calling from Missouri. Is this the same person who called earlier tonight? Yes Sir I heard the question. Normally we only have one call per night, but I'll go ahead and give you an exemption since the original caller about this. What did you want to add to it? Thank you fair website you should look at cloud coin dot globe. You just don't you told us that earlier in the hour. And the author is also published author name. Gone Worthington. So anybody who wants to go and look that up James Thank you for the call tonight. Look I.

US Duke founder New York City Worthington Lennox murder James programmer Missouri
"core software" Discussed on Firewalls Don't Stop Dragons Podcast

Firewalls Don't Stop Dragons Podcast

05:38 min | 1 year ago

"core software" Discussed on Firewalls Don't Stop Dragons Podcast

"Delete their data on top of a pledge to never sell that data scroll also pledges to make it easier for small publishers to sign up through an automated system. Soon, vox media and the verge are scroll partners, but most websites aren't now. The MOZILLA is giving the. The service some spall seal of approval. Perhaps that might change if it doesn't. It would be a little odd for Fire Fox to prominently feature the single startups, publishers, payment system, both Mozilla and scroll, said welcome more competition in a larger ecosystem of companies, trying to figure out ways to pay publishers directly, but outside of systems like brave rewards which I'll talk amendment. There don't seem to be that many that are viable all right so I'll stop there, so yes, a brave is a browser based on the MOZILLA FIREFOX CTS, engine or core software. That builds in with a similar kind of thing where you pay a subscription fee. Whatever you visit, websites brave will pay those websites based on basically how long you're on their website. And this is meant to be a replacement for ad, revenue which is. Trying to get to the same thing now, so you gotTA weapons. You have these billboard space that you rent out to advertisers, and they fill those spaces with advertising usually really annoying advertising. and based on you know how much time you spend on the web page and definitely. If you clicked on.

vox media Mozilla
"core software" Discussed on Duos The Co-Founders Podcast

Duos The Co-Founders Podcast

08:22 min | 1 year ago

"core software" Discussed on Duos The Co-Founders Podcast

"Every day like what i mean. There's there's days where it's nine because you know you've got some you know. Be like an internal thing that you just not really looking forward to. You know employee shoe or something like that but for the most part gets more exciting. This is no money right now. We've got a lot of money in the bank to do really cool shit but we think over the past seven years. We've done a lot. I think for the most part changed material part of the space with not a lot of capital. A lot of just hustle. Britain as. Tim says the will to win. Which i think we have in spades and now we've got over one hundred million dollars in the bank with a team we've never had before with a market behind us. I mean we would dreamt about day for a long time. You know so now. It's you're probably will probably more sad than we ever were awesome and what socialized to go out for dinner with the. Why do you run out. You got to talk to your work hard. Play hard to say. I would just go trigger. Do stuff with the team and you have corporate trips and you gotta take tim around the world but you know all the answers all the time. It was actually really funny. Because sometimes you know we'll spend a week together on the road or i've got we've got the just the best stories you can possibly imagine from like in a life on the road but we'd get back you. We'd get back from a trip on like a friday night and our wives plan. They'll be like family dinner on saturday. Like i'll say what's our kids are best friends so it's like this kiss gave each other but you know thirty years. It's going to do. We have the we keep mentioning term. We have tim harvey vice chairman of. Etf here with a win while we have a couple of questions to him. So i'm actually going to give him my box school f- censorship here throw tim. Welcome to the show. Wow you're doing good morning. What's it like to work with these guys. Given you have tim and i know each other he was. I was actually his client years ago when he was back over. Sky and epa. What's like to work with you. Know guys that are you know. I don't want to say generation of purpose. You know a generation apart is okay. Well i i gotta tell you. It's you know. I originally came on board. It's been two and a half years with the initial thing was going to be. I'll come for twelve twenty four months help you guys get to scale and then i'll move on and go go on the boat. I've had so much fun. It's the amount of energy and what they're doing. You know not a lot of people get an opportunity to really transform a whole industry you know one of the largest asset class in the world. It's been super exciting. Superfund to see them both grow. Personally professionally over the last two and a half years and of you. It sounds like you've learned a lot along with these guys to. I know a little bit about commercial real estate pro guys. Actually i know you guys are looking for new space. We heard from kedah. You guys negotiate your lease. Does your who had gone back. But yeah we're fokker it goes back to like it just shows how distracting the processes. It's actually been really funny. Because as we're lynch relaunching our our marketplace like and we we know all these things from our past life but getting back into the process while were now building a product to really solve a lot of the the top of the funnel problems food just a reminder of how broken broken everything is brokers there. He's spending so much time and and his team spending so much time doing shit that like we have zero time for candidates of your own space and you'll let them know which one make your three percent eventually. I'd our next move one hundred percent. and how. How is that going to work is it is an expansion more space or is it. You just need a different five like white white guys. Most tim would like to be closer to his apartment. So i we're moving downtown. We're we're out of space. Yeah we we actually have forty people in a in a building a few down because ready space here. So it's it's time and so. What is their main goal for. The next you said you have you keep talking about the next five years. Is there something. That's super hot. That's interesting that you filled or you want to do. Well i think you want it. Bigger able to share. The ecosystem is effectively kind of evolving into three of three business lines. That are now finally. Come into life right. One is our core software which is in the market and is now the standard but as a result of that right we can build these other two things that we always wanted to build. One is a data product to use all all the exhaust of having all folks on our software which effectively is the is the best market in the world so now that that's called market view And it's just really really good accurate. Primary market data That our customers can now buy an as a product. The third leg of the stool is the marketplace. Right is trueba is now letting the demand side of the of the market into the system to then search transact and lease On the platform so when those three things are altogether that flywheel starts we. We think this is a a really really interesting opportunity so works pretty fired up about what would If there is any advice you would give to first time founders after the journey. You've you've both had. Is there anything that comes to mind. Read a book alonzo. Write a book. Yeah i think one. Yeah i think if you don't have thick skin is probably not for you right like i think the the best training we ever had was probably coming from brokerage because to your point earlier. We heard all the time. And that's got to fire you up right if you go home and you you hang your head and you're upset find a different fucking profession right. It's not for you. I mean you have to be every single. No she'd get you more fired up for yes because you're closer to yes and so i think that thick skin that resilience that will to win is most folks. I don't think get enough credit for it and you don't read about all these startup books. You know a lot of the silicon valley. There's a lotta great stuff out there but none of them very few really talk about resilient as being a core variable success but if you peel back the onion i bet it's an every fucking story right now. We talk about because it's in our dna. But i think that has to be something you could either learn to become or have just inside you like the you hate to lose your love to win i personally. I hate losing more from with. Yeah well i would say that again. Going back to what i mentioned earlier. I do think that the majority are you. See a lot of founders. That when they started company they just want money from people and they're not thinking about. How do i surround myself with with people. Bring on advisors give somebody shares. That's not giving you money. That's going to give you time to help you. Think through some some real problems again as i look at the companies at least in our space. There's just a thin layer of people that have taken the approach that we have. I just think that's paramount like if you're starting to company for the first time there's so many things you're you're you're gonna fell out. But how do you feel faster and make sure that like you're. These cycles are are lot shorter. And so that that comes with bringing advisors on the right investors early and then hiring people that are going to help you move faster. And it's definitely mistake we made early on is like not realizing what somebody with vp title. The really really is right. And we're like hey. This person's been working really hard for for the last two years. You want to give them a shot to go. Fill this role but the person that's right for that role has ten years of experience and they've done it three times before and so i think Surround yourself with the right investors advisors early on and not being afraid to give up some equity and then and then hiring the right people as sort of as had that have done it before as fast as you can measure the two pieces of advice that i was given me. I mean it goes back to your point where the team together is. That's the bigger vision for exactly like the solo. Exactly what gets built an incredible thing. And you're you're certainly leader in your exact spaces or any other tech company. That's emerged at integrating that you guys like. I'm obviously like you the best but anything out there. That's.

tim tim harvey trueba kedah Britain Tim epa Sky alonzo
Bitcoin and Sound Money Deep Dive with Blockstream's CSO Samson Mow

CRYPTO 101

09:01 min | 2 years ago

Bitcoin and Sound Money Deep Dive with Blockstream's CSO Samson Mow

"Right. What is up up all you good citizens of nation? We have probably one of the most special guests that we've ever had on the show today. We are honored to introduce you to him. I'm Bryce your host. I'm joined by my compadres pizza. Mind as always say what's up. I put on my nice clothes for this interview and that is to say I am wearing clothes. We are joined by the chief strategy officer of WLAC stream of WHO everybody. WHO's listening to this owes a lot to? They are some of the core developers For the bitcoin core software that runs the BITCOIN. That everybody knows and loves Samson welcomed the show. Thanks thanks for having me you are very welcome. Welcome and Let's just kick it off with. I'm just super interested personally about how you got into Bitcoin. You've been the space for so long. And how did you golve into your role as chief strategy officer at block stream right so I guess I I Heard Bitcoin I think in twenty thirteen just reading about it online. Fine and I got involved. I guess officially when I joined. BTC China which was the largest exchange. At that time I think amount gawks imploded in a lot of people just just moved over to BBC China and we rebranded laid onto BTC. So you might have seen that name but it's a ramp down a lot since I've left I think and end in two thousand seventeen joined block stream to focus on liquid and getting liquid launched. That's amazing and tell us a little bit about what block streams role role in the industry. As I think everybody's familiar with them. But what's the actual you know from the Horse's mouth what what's the role so typically we say we are a Bitcoin IT infrastructure company and that could mean all different things to different people but for us. It means we're working on Augmenting Bitcoin so love our tech is at the base layer protocols stuff we also work on things like lightning network. So we are. One of the three major implementations would see lightning But we do a lot of other stuff too. Do we have wallets o'clock explorer. Basically things that we think could make bitcoin more robust and of course blocks from satellite which as another layer layer of redundancy to the bitcoin network. So it doesn't depend on terrestrial Internet so just in case someone's first episode that they're listening to. Would it be fair to say that that block stream is to bitcoin. What McDonald's hamburgers like you just can't have one without the other? I mean you could say that I mean there's other other companies that make hamburgers by out makes way better hamburgers. You kidding me. McDonald's but McDonald's is worldwide over billions and billions served. Well we do focus on bitcoin predominantly. So everything is somehow related to bitcoin. We don't work on coins or enter a block chain stuff awesome. Yeah that makes a lot of sense. So I've seen you speak at several conferences and I love how you talk about Bitcoin. As a settlement network as opposed to what everybody thinks is a payments network. And it's a concept that a lot of people don't really understand so you could you break down this idea for for us. Sure so bitcoins. Design is really to settle because a block has generated roughly every ten minutes but it is not necessarily ten minutes it it could be more. It could be an hour sometimes or sometimes even longer than that or could be three blocks and ten minutes and you can't really have a payments network. That is so unreliable. You can walk into a store. Buy Something for thousand dollars in you guys. Wait there until itself just doesn't work that way. At least. I don't know any stores that would do that. So you could could take us your confirmation Results has a confirmation than that is not secure. It could be spent so by design. BITCOIN is not payments. If it was payments it would be lightning right now. But it's not I guess it has to do a lot with the name of the white paper because the Toshitaka motive. I said you know Should appear electric cash and I think a lot of people have forgotten what cash means cash is a bear asset. If you have have cash in hand it's your cash and while buying a coffee with cash is easy. It's cheap been free I have like ten ten bucks in my pocket. I go and spend it and I didn't lose anything. There's friction sometimes people. Forget that if you wanted to move large quantities of money in cash it would actually be very very very difficult so if you wanted to move a hundred thousand dollars in cash. You'd need a backpack if you wanted to move a million dollars in cash it. Will you need an armored truck so it gets very unwieldy. The bigger it goes so bitcoin is our cash. It's a bad thing if you have bitcoin. It's your bitcoin and it is better than cash because it can be digitally transmitted but have that same property speaking kind of cash. Can you give us a comparison between sound hard money and easy Fiat money. Sure so I like to use goal arrison and it. It just makes it easier for people to understand because everyone knows what gold is in that gold is valuable a nice cat So gold is down the money because it cannot be printed out of thin air whereas fee currencies can be printed at will that's the definition of feet. which is you know from nothing but gold actually has to be mind needs to be processed and it needs to be secured so that is a large amount to why it is some money because it's not easy to get whereas fee it? It's easy to get and just because people don't understand what money is these days it's a Is Easy to manipulate too because they can inflate the supply a quantitative ease or repo or any number of tools to manage. And what are some metrics that you guys are using to track the success of the BITCOIN network. Well I don't think we lost your mark tracking the success of the bitcoin network uh-huh But there's a lot of metrics that you can look at. You can look at on chain transaction volume obviously you can look at the price You can look at the market depth across exchanges Let people get market CAP. But that's not really that meaningful market is a more interesting metric because it shows how much you can actually buy and sell in aggregate and I guess another metric could be transaction fees so every day. The bitcoin coin at work is paying minors Hundreds of thousands of dollars in transaction fees. And that shows it's healthy because eventually fees will need to replace the subsidy I would mix block stream so special. In addition to all that is there's actually several usable live products now or ninety nine percent of everyone else. In the CRYPTO industry might be working still on their very first one and one of the most important products that you guys put out recently is the liquid network. Can you tell us about what the liquid network is and why it's important so the liquid network is an inter exchange settlement network. It's a way to move money quickly. Mu Bitcoin quickly between Exchanges as well as token is assets. So we have A weight issue now sit in liquid. We're calling them. Issued assets or liquid assets. So you can have something like a stable coin such as a tether or Japanese yen stable coin which is being worked on by one of our partners as well as Canadian. Dollar coin Along with other tokens assets too. So you can. Also do security tokens antiquated. which would be controlled in certain ways through weightless and with permissions or a utility token which could be used to say replace a game currency which is also something being worked on by a company called but liquid? There's a lot of different things but what it ultimate ears is fast settlement and we have a lot of exchanges already integrated along with financial institutions OTC desks brokers and also companies. That just WANNA do Tokens as well but you can move. bitcoin quickly from exchange eighty so we just announced the bitsy announced yesterday they integrated so now you can move between biff next bitsy in two minutes which is great arbitrage opportunities or being able to take your funds off exchange in store them in a wallet so say blocks green which is our bitcoin wallet that supports liquid as well. So you can put money onto exchange ticket often you done trading and you don't have to worry about the third party risk. They have your money in their risk at that point You can move on quickly. So let's say you got a margin call To Bounce back then you can do so quickly without having to wait for bitcoins blocks to come out every ten minutes or so

Chief Strategy Officer Btc China Mcdonald Samson Bbc China Biff
"core software" Discussed on Data Engineering Podcast

Data Engineering Podcast

01:50 min | 2 years ago

"core software" Discussed on Data Engineering Podcast

"Really important for us. One thing that were starting with this year is the creation of an entry level data engineer rule. That's GonNa work on our enterprise data engineering team where the work underneath a really strong software engineering manager as the team lead and billy focus on core software development skills with in the ET L. Systems for our enterprise data. That's the the data feeding into our reference systems about all the different investable instruments that we have within the firm information about pricing data a lot of your traditional the market data and as they've really developed their software that skills within the data engineering environment. We want to give them exposure to you are business. Data engineers that are working directly with investment teams. So that they can also develop their understanding of how we're using data in investments environment for specific investment these so over the course of one to two years they not lear even appoint where they have really strong developed skills and understand all the tooling infrastructure around our ETL systems. They also get understanding. Of what is that will mean in the context of Investment Strategy. So that's if they want to. After around two years they could go in the direction where they're starting to work Directly with an investment the team on a on the trading floor alternatively we have the core data engineering team that is a little bit more of a software engineering. Wait till that is responsible for a lot of the core infrastructure in tooling that we have around data engineering. The other.

ET L. Systems lear billy
"core software" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

14:10 min | 2 years ago

"core software" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

"If you like what you hear we'd be grateful that you give us a rating on itunes or through whatever other sources you use for podcasts. Please subscribe so you don't miss a thing thank you. My guess is weakest. Sarah Sarah's a general partner at gray lock purpose leading Silicon Valley Venture capital firm over three and a half billion dollars in assets as general partner. Sarah mainly invests in early stage companies with an emphasis on BB applications infrastructure fintech cybersecurity artificial intelligence augmented reality in healthcare prior to gray lock. Sara worked at Goldman Sachs where she invested in gross stage technology startups in this interview she provides perspectives on robotic process automation machine learning Artisanal Intelligence cyber-security Fintech and more we also discuss what Sarah looks for when making investments the benefits of having parents who are entrepreneurs why she believes that a company size and scale can prohibit its ability to remain current anniversary of other topics Circle Balkan detective ovation great to speak with you aw thanks for having me to be here excellent so I thought we begin a Sarah with is first of all were gridlock and I thought maybe a chance shoot talk a bit about the areas you invest in in how you choose a variety of swim lanes that you occupy and so I'm curious what wh- what you see is some of the teams across those as well as some of the aspects of those particularly exciting yeah absolutely so we we have a relatively small team at lock and so there are definitely areas where people have stronger. PC's but also some just like macro beliefs we as a team together hold to be true right and I kind of organized that into like from the APP slayer down like there is an an explosion of software as happening today and so I I'm one of those people that believes were actually relatively early in the current generation of software innovation. It's not just we're GONNA move these one two three core European or crm systems to the cloud the ability to you like buy and use software more democratized ways to connect data in different software systems. I think we're just GONNA see more categories agrees that really matter in Saas when there were in the traditional enterprise software world and I think it's really exciting and so one area that I been person really interested in in that wave of innovation is financial software just because that's something that has been traditionally finally like a very conservative area and we're still really early in the transition. I think there's a lot you can do around something. That's very important to every enterprise to make them more agile to take advantage of fintech innovation and it's something that's just naturally like network and could be better handled like software workflow the companies. You're you're involved with now yeah some some. I think things were involved with installed things. We're looking at so you'll have to ask me in sixty sixty days but but I think if you if you first you have that sort of core software innovation and I think there's going to be category creation beyond what is traditionally can we thought of as European or even productivity those are two very large categories that people commonly think of from the software one world but then if you believe this explosion of innovation is happening then there are lots of secondary effects too right so you have a problem if we're in this persistent distant best of breed world. How do you integrate everything. How do you use and manage all of those. API's how secure a world where your and users are in in two hundred five hundred different apps all the time. How do you manage identity for all those things and so some of these things have already begun to play out so we were very lucky to be investors offers in OCTA now public company but I think if you look at the integration and the security landscape I think that stories not yet done right so or even robotic process automation is an area that is white hot right now but if you think about what Rpi appear is it tends to be like connecting software workflows across many different systems and in of old on prem world that used to be your custom processes for for example accounts payable in your configuration of sap. That's like what people use Darpa for but I actually don't think that problem problem. RPM exactly may not be the right solution but some sort of automation that goes across different pieces of software and automates the pieces that are boring to do. I think that we're also just early in that automation right and so if I think about serve sort of those those enabling pieces were also really early in that because the adoption of the APPS has to happen to and I think sort of separate from everything that's happening on the APP side every company every large company is trying to go through digital transformation which I really think of is building software oriented ranted experiences that are better for their customer and in order to do that more effectively. There's this massive re platforming of the enterprise. It's happening waiting so trying to get to a more agile set of infrastructure cloud micro services totally new languages and frameworks practices around software delivery and so that's an area that I think we're really interested in getting into some of the others on all. All of them are summer distinct. We'll get into security for instance. The security companies you invest in Celta companies that are typically not in the security space so they are complements to each other by by contrast for instance. They're sort of a CO optician of times fintech companies and traditional players like the Goldman Sachs Kareem wants worse and it's an interesting sort of play from that perspective to some extent you guys did all that go system current players and sell to them someone also developing sort of an interesting relationship with them in as much as you might come to speaking generally with specific company in mind a to compete with in some of those other areas as well and I think a little bit about the value proposition. These companies have their opportunities when they've got that competition. It's a really good question. I'd say like we we have like an executive briefing program and a lot of technical leaders will come and talk to us one because they they actually want to figure out how to bring partnership innovation into their companies but too because they actually want to talk about what's happening out there in terms a competition to them right side somebody say to me the other day like. Oh we don't want to be Netflix or burned in terms of like their industry right and AH say gray lock will invest in both like the enabling technologies for enterprises and things that are more like vertical direct attacks but I don't think that those companies they get confused as to who they are really actually and so one of the reasons is I think the companies that really succeed on the enterprise side like you have to be very customer centric in order to you know build a product. That's good for the customer in the end user to begin with and so the likelihood that you're going to want to cannibalize that business once you've built something that's useful for them and go after their lunch instead of just figuring out other ways to serve that customer. It's just not something I've seen a gray lock and when there are sort of so many other other things that you could do to expand within that customer or other services you could offer them so one example would be like we have have we have fintech company so like opportunism at scale like consumer lending business for example but we also have companies offer software to financial services firms right so blend is a company that helps large financials create a digital on-demand on-demand mortgage origination experience and I just don't think that they're going to get mixed up into the different models. Even the May offer more more value for that news earned the lands as I mentioned security is narrated where you typically depth you are if I've got a correctly Korean criminal screen and obsidian security passport member of of domestos well. I definitely like security. An area that is certainly when say unfortunately continues to be growing. Relevance is an importance in a lot of players growing in the space. It's interesting speaking in working with a lot of the buyers of the companies you invested and others one of the challenges for the MONTEREY CISCO OR CIO or other technologies aboard were making some decisions relativists as well is the threat landscape David so complex and ever evolving and requires a sort of again and he goes system of partners you engage which can be very challenging from a management perspective. How do you keep it all together. When we're where does one solution begin another one and they worked together if they do it all. How do you make sure that there mark gaps in your offering rather than you were solutions that may maybe perilous for you and I wonder how you think about kind of the different lanes associated with security at you probably don't invest in all of them but but I'm curious how you think about those different lanes and how you give them priority or weight in terms of theories yeah yeah. It's a good question. There were something like a thousand vendors at this past year and it's just really hard for any security purity team to go consume that successfully so I'd say we of the of the many opportunities unease for new companies in security we I just try to focus on the subset of problems market opportunities where we're like this is going to so much bigger in five years as a problem set that we have to be have to be part of this company is it's not just going to be another point point solution and another vendor people have to add to their stack is going to be much more important or it's. GonNa replace in budget or important or workflow something people already have right and so several of the companies that we have announced investments in recently insecurity like they had that serve secular shift were like hey if five percent of your security teams to care about application security for the APP so you build internally that could be twenty percent plus five years from now right right and so investing in screen for example which is a company that does application security management so the security analog to eight. PM like companies like Apt Amex which we were lucky to be a part of the view is like if you if companies going through this digital transformation application security as one lane is just going to become so much more important and it's got to work in a modern way right so obsidian just going back to if you have have this massive explosion of software their secondary effects OBSIDIAN is all about understanding activity and identity in all of your applications right so think office three sixty five or workday or salesforce like where there is really sensitive data. It's not just your infrastructure that matters right. It's it's like employee. Actions in all of these systems were contractor actions whoever has access and so we think that's a secular growing problem and and I think another way to think of that is we believe that identity in all of these applications is going to become a new additional perimeter because you don't own those applications right but you need some kind of control so I think the first step for us is just to identify like what changes in the landscape are happening that are so dramatic right enterprise building applications or enterprises adopting a huge amount of SAS that is actually quite important to either core business that you need security to react to it right so I think you'll very rarely see us invest in a company company just in response to like one individual innovation in attack type for example just because that doesn't that doesn't necessarily feel like a big enough change just to warn a new vendor but I think we think more about like innovation in the business landscape other things the CIO my care about that security needs to react to write or innovations in some sort of architecture. The cloud is pretty different from building data center and putting a wall around it but I think that's the first piece some problems are just too big in the industry for us to solve so we won't take full responsibility for that fragmentation in security but I think the other piece that we just encourage companies to understand is is just to live in living customer environments in a way. Hey that is going to make customer successful right so like because we understand what you are saying. Peter about like people already have all these tools. It's than your messaging your positioning your integration strategy all of that should actually take into account the large company that you're talking to has a limited a number of headcount insecurity and probably a couple hundred tools ready right and so if you like are really customer centric as a product honor nece- Yo you're like okay I get it and.

Sarah Sarah CIO general partner Goldman Sachs Goldman Sachs Kareem Sara Netflix Silicon Valley Venture OCTA Circle Balkan sap Darpa Celta Peter
"core software" Discussed on AM 1590 WCGO

AM 1590 WCGO

02:05 min | 2 years ago

"core software" Discussed on AM 1590 WCGO

"All based on this core software, you take you take into account something like a pivotal green Plum where they can easily handle PetO bites data. It's based on post Gress open source if you take something like a Yugo by which is distributed SQL transactional loads. Where you can have globally distributed data stores, but they're also quiting in striving to produce. And they're using those Chris you take just your normal everyday company, whether it be doing inventory control, whether it be doing retail, whether it be, you know, monitoring metrics from adapt station. Right there are industries, including government employees Nanteuil industries that all rely on post, and you don't even know it. Well, and so having that ability to get that exposure. And that's where the people post with data comes from right? Where we bring in higher ecosystem. It's not just one post vendor selling their wares. It's about producing an Ingersoll a net result that hogged in profitable for all users and ego system. Yeah. Yeah. And ecosystem is so important right because back to your earlier point if the foundation is handled if we can trust the foundation, if we know it's going to be stable, then we can work on what makes RBIs special, right? And the bottom line is that in the information to kinda me every business. These days relies increasingly on data on clean data and unruly understanding your processes, your unique business processes and then being able to code to that. So whatever the workflow is being able to execute on that that's the key to success today. Right. Judy. I would agree entirely. You know, the biggest thing with that. Is that ecosystem like you said allow companies in focus on living, whatever their product or service is is about license.

Nanteuil industries Chris Judy
"core software" Discussed on KIRO Radio 97.3 FM

KIRO Radio 97.3 FM

01:59 min | 2 years ago

"core software" Discussed on KIRO Radio 97.3 FM

"She Spanish and Portuguese. Also, spend time teaching us financial software all with an idea of getting people a job in fact that goodwill is one of the leaders in. This is interesting to me because I have this question. The people want lower college costs or do they wanna give universities a lot of money? If it's the first thing you want. This is a number of open core software. You can go taking get it on I tunes. A lot of that. I wanna see states take state funded colleges. And notice those courses already paid for already happening. I want to be able to view them at any time on any subject matter for everybody. I want to see a series of tests created that you get an alternative path to degree. Maybe even truly cost-free. You want wanna lower costs? That's one way to do it. Maybe just start with the community colleges. Like to see it done as an example that would truly lower cost, Mike. Well, as you say, though, it's not kospi because there are people paying for the professors. Right, right. But in that case, he just be duplicating. What's already there? We should talk about that. I think you before I think I can convince you, but I can do it. Now, I am I am for it. But so my story is about the three people who are tentatively one certainly in the other two likely to run in the GOP primary which is a surprise because we have an incumbent president. But it looks like it's happening for Governor William Weld for Massachusetts Governor, former Ohio governor John cases, which everyone kind of expected and Maryland governor Larry HOGAN, whose an interesting guy because he's probably more conservative than the other two. But better liked in his own state by the Democratic Party because they find him a be a really reliable player. But here's the funny thing about when when you have an incumbent president, and you have people running against an incumbent president. You've got. A high likelihood that that person will not be elected to a second term in. Let's go down the list when you gene McCarthy challenge, president Lyndon Johnson and sixty eight when Ronald Reagan channel challenged Gerald Ford in seventy six when editor Kennedy challenged Jimmy Carter in one thousand nine hundred eighty when Patrick Buchanan.

president Mike gene McCarthy Democratic Party Lyndon Johnson GOP Patrick Buchanan William Weld Ronald Reagan Jimmy Carter Gerald Ford Larry HOGAN Maryland editor Massachusetts Kennedy Ohio
"core software" Discussed on Odd Lots

Odd Lots

14:20 min | 3 years ago

"core software" Discussed on Odd Lots

"Including possible loss of principle. Brokerage fees may apply funds distributed by black rock investments. LLC? So here's my question. Like, if we back up to the moment when bitcoin was created, and and you were talking about the underlying technology if it wasn't supposed to be store value or a tool for speculation. Then why didn't we sort of have a process embedded into it from the very beginning to make transactions easier because it's not like people didn't see this idea of data base sprawl, or, you know, a really long ledger sort of paying back and forth and really bulking up transaction times coming right? That's correct and staticial Komodo head a he hit included a feature that wanted to be lightning. But he didn't have it fully thought through and so his his first duration on essentially. And let's let's get into this. Right. Which is that bitcoin is a global broadcast system where you are having all of the nodes agree on the ledger and then impose. A huge amount of cost on the nodes. Where essentially it's a negative extra analogy every transaction is adding data to the ledger that everyone has to verify. So that doesn't scale very well. It's. Essentially, what the result is that fewer and fewer people run nodes, and then it becomes centralized. So we needed a system that allowed us to send payments without globally broadcasting. And that's Sosa Toshi had had this in mind. But the way he implemented it just didn't work before we get further. I just want to sort of make sure people understand this concept of global broadcasting and why it's so cumbersome because we blockchain technology, you often hear people it's really officiant and is going to reduce all these costs. But it's inherently at least in this version, very inefficient in the sense of you imagine I was sending a text message or Email. I think people could imagine a system in which the only way I could do that is to then send a copy of that Email to everyone who's ever gotten an Email ever. So they can all see it. We can all see why that's just insanely inefficient. It happens to be. Necessary. So for the decentralisation purposes that there's no centralized database. We all agree on the emails. We've said, but as you know, as a system that just accumulating data extraordinary negative externalities. Exactly. And thankfully there. There's an opportunity here to solve that problem with a paper that was released back in two thousand fourteen describing what's called the lightning network today. And the the lightning network essentially says, okay, let's let's use global broadcast system as a system of last resort essentially as a supreme court. And when when you're doing business, you don't take your contract to court every time that you are relying on that contract. You only take it when there's a dispute to to the court, and that's otherwise it would be a complete on unmanageable judicial system. So that's. It behind lightning is that you only go on chain. When there's a dispute about the state of your what's called, a lightning channel, and this lightning channel you open. It up by doing an on chain transaction, and once it's open now, you can send value back and forth, and you can be routing value around without having to trust your counterparties. And while maintaining a lot of the same properties of bitcoin. There are trade-offs, but we can get well. So what are the trade offs? Exactly. And you know, if I could be cynical about it sounds like you're sort of creating an additional layer on top of a system that has at various times already been criticized for being sort of unwieldy in various ways. Yeah. Absolutely. So the main trade off today is that you have to keep your bitcoins online. And there's been a lot of user education about not keeping your bitcoins online and putting them into. Called cold storage. Right. Which is either a hardware wallet? They're a few popular ones, including treasurer and ledger or just printing it out and piece of paper writing down, your your pneumonic seed and putting it into a Bank safe deposit box, which is also a little ironic, but so with with lightning, you're you're asking users to keep their funds on their computer on their phone and really there. It's about managing Rick. So it's think of it as a checking account, you wouldn't put your entire fortune on it. It's just so away of being able to have some walking around money now in terms of the the complexity from the user's perspective that's a fair criticism. And I think that there's there's a lot of energy within the lightning community into having a very seamless user experience. So they you don't even know that you're you're on lightning it, it's all abstract it away. So. Feels like you're on on van MO or on a square cash-out does that exist currently, or is that what you're working on essentially, a guy know that the bitcoin core software is probably unrealistic for most people to download and run on their computers is the software to run lightning. So that I could Feerick Lii one day go into Starbucks and pull up my phone and scanning QR code and make a payment for a two dollar coffee, and it would instantly take it out of some bitcoin wallet. That I have is that going to be easier unless cumbersome, yes, we have a very clear path to that. And it's just a matter of executing on it. So at this point in time, you do need to be running a bitcoin note that then connects that you're lightning. So you're running two nodes a bitcoin note any lightning, and that's the software. I've been writing to to help with that. And the software I have called the node launcher works on desktop and. And laptops. And essentially, the the main drawback there is that you have to download two hundred gigabytes of data you don't necessarily have to store it. But you gotta download it. And here in New York City, that's fine because we have fiber and everyone has a good internet connection. But once you get into rural parts even in America. That's just not even an option. They can't download hundred gigabytes, thankfully, we have a an innovation that has been worked on for. A along time. Now that's going to be out this year. It's called neutrino and neutrino allows you to not have to download the entire two hundred gigabytes, and it will make it so that you can use lightning on your mobile wallet without using a bitcoin owed per se. So I'm sort of existential question, which is let's assume that you figure out a way this way of transacting in bitcoin is more efficient. It is easier for people to use does that end up solving the speculative problem which we've seen for bitcoin. And by that I mean a reluctance of people to use it in day to day transactions because they think that the price is going to shoot up to the moon at some point. And there's a specific example that I have in mind, which is of course, the infamous pizza day, you know, like eight or nine years ago or something when we had one guy who paid for pizza using a. Bitcoins. That you know, a year ago would have been worth millions of dollars. And it's kind of funny, but people also sort of made fun of him about it and said, oh, I can't believe you did that and you wasted so much money. How do you overcome that problem? So I think lightning is gonna make that problem worse because ultimately people's anticipation or their projection of where the bitcoin prices going is is based on the technology, and the fundamentals that are going to be driving the adoption that would cause the price to go to that level. And so if we with lightning if we demonstrate that it's going to be a very efficient system that's going to attract a lot of adoption than we can expect the price to go up even more than it. Otherwise would. So I think that makes the problem worse in that regard. And really I think that the solution is just going to be time. And what I've seen is that people who have owned bitcoins for a while they are essentially over exposed to bitcoin, and they're always looking for ways to spend bitcoin. So I think that will we'll see essentially the people who bought at twenty thousand dollars into seventeen they might be in the huddle mine. Set for another decade. But if people who who bought it five hundred dollars or thousand dollars, they they might be thinking about how to you know, by hard drive on on online to or and the other aspect of it is that. You people who even who are buying it today. They want to experiment. They they are fascinated by the technology, and they they're very bullish on the price. But they're also interested in educating themselves and improving their understanding of bitcoin. And I have a lot of people who are very new to bitcoin who want to learn more about lightning because they just find the idea of a decentralized payment system to be fascinating. So I think that you'll have people who both are huddling bitcoin and also transacting in it in an experimental way. But some level, and I think is kind of implicit in what you're saying. And when you described the people who use it now using bitcoin is is a means of transacting, even if it were really smooth. It's still sort of kind of a medium of exchange of last resort. In other words, if all your. Doing is going to Starbucks and buying a coffee, even if it were incredibly simple, you know, just scanning your phone across a thing. And it still like there's not much reason to do it for transaction. Like that even in the most simplistic scenario. No there isn't you could make arguments about privacy. For example. Do you want visa knowing that you go to Starbucks every day? I think the most people don't care about that at all and. Yeah, that's that's exactly right. I it is a I think that the most underrated aspect of bitcoin is option -ality, right? And owning a little bit of bitcoin and having a little bit on your phone gives you an extra option. And it's it's that kind of a form of insurance for a payment system perspective. I wanna go back to something. You just said about you say people who are getting into bitcoin. Now, it feels like obviously intro. I in bitcoin is significantly less than it was a year ago. I think it safe to say, but in your world of people who are super into the technology and hacking away at lightning and building this out. Do you still see growth in that community? Yes. To my surprise. I do I host a podcast the noted bitcoin podcast. And I joked that we're not getting any new listeners and then on Twitter the next day. I got DM. Hey, I'm a new listener. So keep it up. So there's definitely there's new developers and users coming in all the time. And I'm still accumulating followers on Twitter to my surprise. But I think that there's a a sense, you know, we just had bitcoins tenth birthday. And there's a growing sense that like this isn't going away. And this is here to stay and Italy's be here for another decade. So there's a surprising amount of continued interest in it. Even at the depths of what people see as bear market. Even though I still feel like we're in a bull market. So what would it take for you? As a bitcoin believer, bitcoin maximalist. In fact, what would it take for you to sort of lose faith in bitcoin and change your mind? Yeah. I think that if if bitcoin became centralized enough to the point where people were making changes to that. I thought were unwise, and that that almost happened in two thousand seventeen we almost had a heart fork that I thought was misguided and if that hard fork had succeeded than I would have likely lost faith in bitcoin. Thankfully, it did it failed miserably. So that was a moment of victorious joy. But that's not a guarantee that it won't happen in the future. So there's that aspect of it. And then from from the price perspective, I think that I question. My my understanding of what is driving adoption if. The price got down to you know, below a thousand dollars for an endless period of time. You know for a couple years or something then I would question if the adoption drivers that I had analyzed had disappeared or I was under, you know, eight euphoria case. Well, we'll come back and heavy back on the podcast. If bitcoin is state does stay under a thousand dollars for a while. And we'll see you reassess your four ks of Pierro chard. Thank you very much for joining us. Thanks you having. Great. Tracy.

Starbucks New York City Sosa Toshi Twitter treasurer a. Bitcoins America Feerick Lii Rick Tracy Italy thousand dollars two hundred gigabytes twenty thousand dollars five hundred dollars hundred gigabytes nine years two dollar