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2021  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 20, 2015, 10:14:02 PM
It looks like CryptoMoms Press Release is being pick by many more News Outlets.


NEWS
12


http://www.keyc.com/story/28840102/bitcoin-forum-for-women-cryptomoms-celebrates-first-anniversary-continuing-to-encourage-womens-participation-in-cryptocurrencies

Bitcoin Forum For Women, CryptoMoms Celebrates First Anniversary Continuing To Encourage Womens Participation In Cryptocurrencies

Posted: Apr 19, 2015 5:51 AM CDT
Updated: Apr 20, 2015 4:52 PM CDT

This article was originally distributed via SproutNews. SproutNews, WorldNow and this Site make no warranties or representations in connection therewith.

CryptoMoms continues to encourage and assist women worldwide to participate in Bitcoin and digital currency, as it celebrates its first anniversary after officially launching one year ago on April 16, 2014.

Illinois, USA – April 19, 2015 /MM-BitcoinPR/ —

In spite of the troubling gender gap being well recognized in the cryptocurrency and Bitcoin space, most industry efforts to help improve the situation have shown little result. Most reports indicated a slight improvement from over a year ago by about 2%. The statistics came as no surprise for CryptoMoms which has strongly advocated a gentler and more inclusive approach with a friendly and helpful community environment.

As long time CryptoMoms Community Manager Rocky explains:

“CryptoMoms is the wave of the future to get women involved in the cryptocurrency world. Empowering women to get into the financial world has been a struggle. With Cryptomoms it is centered around women, designed for women to communicate and get involved in their own finances. Communication and understanding finances is very important with so many single women in the world. It is time women become involved at a higher level and manage with confidence their own finances.”

CryptoMoms celebrates its first anniversary as a gateway for women into the world of digital money overwhelmingly dominated by men. The site provides plenty of vital information and easy guides for newcomers as well as a strong and helpful community. The forum alone attracts up to 272 visitors daily, an impressive number considering that far less than 10% of the cryptocurrency community are women. As the one year mark passes CryptoMoms remains true to its mission with multiple projects aiming to bridge the gender imbalance.

Although CryptoMoms was created by, and is fully funded by the DNotes team, it has positioned itself as a currency neutral site giving free access to industry peers to promote their products and services. Dozens of coins have benefited from this free platform to introduce and promote their coins. Many have commented very favorably on CryptoMoms’ commitments to provide a culture of trust and mutual respect while fulfilling its genuine efforts to assist women and others to acquire the basic knowledge about digital currency. Supporters from other coins have often shared their knowledge and assisted many new participants.

Alan Yong Co-Founder of CryptoMoms, DNotes and DNotesVault has frequently pointed out that Bitcoin is the greatest technology revolution since the Internet with significant world changing implications resulting in a quantum shift. Unlike the Internet, Bitcoin and Blockchain technologies are much more complex and far reaching with even more massive job and wealth creation potential than the Internet. DNotes is also committed to working with CryptoMoms in assisting women small business owners and women organizations. This is truly a worthy cause that the most fortunate 1% can participate to make a world of difference.

CryptoMoms is becoming increasingly popular among parents and grandparents since it launched cryptocurrency investment savings plans for kids (CRISP) last December. Since then DNotes, CryptoMoms and DNotesVault have added savings plans for retirement and for students worldwide. It has become quite apparent that moms care deeply about the financial future of their children and their financial means to get a good education. Digital currency, such as DNotes being at its infancy offers potential high returns and superior advantages as a form of payment.

Chase, a devoted community member and the brain-child of CRISP pointed out that,

“With cryptocurrency, we have the opportunity to reach women from all walks of life and from every corner of the world. It has the power to help women by addressing poverty, providing economic inclusion, and allowing them to participate in the massive job and wealth creation of a new industry. Cryptocurrency has the potential to provide women with a secure financial future that otherwise may be unattainable. It also allows woman to start and operate a business in locations around the world that have no banking access.”

She concluded by inviting everyone to.

“join us at CryptoMoms to learn, or to help teach others, about cryptocurrency, investing, retirement, and the many opportunities evolving in this new industry.”

With rich content on everything one needs to know to get started in the digital currency space; CryptoMoms continue to be vital for the introduction of women to the unprecedented opportunities offered by Bitcoin, digital currency and cryptocurrencies more widely.

For more information about us, please visit http://cryptomoms.com/

Contact Info:
Name: Rocky DeLucenay
Email: Contact@CryptoMoms.com
Organization: CryptoMoms
2022  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 20, 2015, 01:30:31 PM
This is what I posted at:

 
The Chicago Bitcoin Center @ 1871 Official Meetup

Alan Yong
Location:
West Chicago, IL
Member since:
April 18, 2015

Introduction
With an absolute conviction that digital currency + Blockchange technology is the greatest technology revolution in the history of mankind, I founded DNotes, CryptoMoms, DNotesVault + CRISP savings for everyone. Google "DNotes Alan Yong" to learn more

What Alan Yong is saying about this Meetup Group:

Digital currency and Blockchain technology will result in massive job and wealth creation. Should we quietly watch San Francisco, New York, Singapore or London seize the crown? Utilizing everything I learned from behavioral science theories at GWC to developing and executing winning strategies at NIU, I have led a team and a community to develop Bitcoin Alternative DNotes. At one of our MBA classes some 40 years ago, we concluded that the 2nd mover advantage trumps the pioneer advantages, often saddled with pitfalls and paying a high price with no recourse. We used all that to our advantage and built the most stable digital currency among over 500 industry peers. For over a year we have built the digital currency of the future that can truly exploit the near zero transaction cost. Using highly scalable building blocks we have also created our own ecosystem. I will be delighted to share more with you to see if Chicago can be the Epicenter of Digital Currency and Blockchain Technology
2023  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 19, 2015, 12:33:20 PM
Excellent post, TeeGee. This write-up is the closest anyone has attempted to understand why DNotes is fundamentally different; both in substance and in style. In many ways, it disclosed the portion of our business plan that has mostly been executed or the segment of the road map that we have already traveled. Yet from the outside, those are just some of the most obvious that have contributed to DNotes success. There must be more than that.

Indeed there are. Among them, was a clear understanding of a very complex new industry in a chaotic state behaving very badly. At the founding of DNotes on February 25, 2014 a strategic choice had to be made. Join them or create a new universe. One that thrives on trust and respect in an environment that is productive and rewarding. To accomplished that, there must be a cultural change; from one that reacts instinctively to self interest to one that believes in mutual interest for mutual benefits. DNotes is reflecting a cultural change. That in and by itself, is a significant contribution to our industry. Can that new culture spread industry wide? Perhaps; if it does, we will go down in history as the community that started it. Many more articles will be written on the critical importance of trust and integrity where mutual interest trumps self interest.
2024  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 18, 2015, 03:32:25 PM
Quote from Dyna:

Can anyone tell what is different about the following headline that has never been represented before. It is not a trick question. It is just for the record. I am confident enough to bet my reputation on it.

"We Are Witnessing The Greatest and The Most Deceptive Technology Revolution In Human History".

Alan Yong
April 17, 2015

***************************

Answer: We normally would have said that "Bitcoin is one of the greatest technology revolutions since the Internet. And, no one has highlighted the word "Deceptive" as a headline to describe it.

Despite all the negative headlines Bitcoin and Blockchain technology has been getting, there is a clear indication that many large and small players are coming to the party. Combined with the high certainty that DNotes will continue to be a stable digital currency pointing to a rapid and enormous growth rate, I am now certain that this technology revolution will be the greatest and the most massive in human history. So, we are projecting that it will be bigger than anyone has envisioned, and yet many are not even interested to take a closer look at it. Could it be because it is also most deceptive for a variety of reasons?

RJF is correctly pointing out that "It's happening right in front of us and most people don't even realize, or know it", hence rather deceptive. To characterize it as the most Deceptive will need further justification.

We can be deceived by others giving us inaccurate, false, misleading, and deceptive information. Advertisements with such characterizations are troubling and often sued and forced to cease and desist. What about industry articles which are inaccurate, false, misleading, and deceptive? Won’t they have the same negative impact? I respect the right to free speech, but in this particular case we a paying a very high price for it. Clearly many people rather stay away from Bitcoin and digital currency based on what they have heard, much of it being inaccurate and false. Essentially they have been deceived to believe in something that is not true.

We can also deceive ourselves by making decision based on insufficient facts. This is a very complex technology and a hugely complicated industry. Even for those who are willing to spend hours each day learning about what one needs to know, it takes months to learn enough to be in the position of making objective decisions. The “Elevator Pitch” syndrome has certainly not been helpful.

 
“What is an "Elevator Pitch"?
An "Elevator Pitch" is a concise, carefully planned, and well-practiced description about your company that your mother should be able to understand in the time it would take to ride up an elevator.” http://www.businessknowhow.com/money/elevator.htm

It is nearly impossible to convince or educate someone about the viability of Bitcoin in a short period of time. A lot of people think that they know enough to take a pass may be deceiving  themselves without realizing it. At some point in the future, when DNotes is worth substantially more than what it is today (10,000 DNotes for $100) someone may be wondering how they could have missed loading up with some DNotes when it should have been so obvious. Well you have deceived yourself by taking a pass because you thought you knew what you needed to know,
2025  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 18, 2015, 04:13:59 AM
Quote from Dyna:

Can anyone tell what is different about the following headline that has never been represented before. It is not a trick question. It is just for the record. I am confident enough to bet my reputation on it.

"We Are Witnessing The Greatest and The Most Deceptive Technology Revolution In Human History".

Alan Yong
April 17, 2015

***************************

Keep them coming. I will have a post tomorrow.

Here are a couple of clues. The Internet took off in a significant way some 20 years ago. Could digital currency and the Blockchain technology be bigger than the Internet?

 Deceptive - Merriam-Webster
www.merriam-webster.com/dictionary/deceptive
Merriam‑Webster
intended to make someone believe something that is not true. : likely to make someone believe something that is not true.

What roles has the media played in your opinion? There are mutiple factors that help to explain the state of our industry. What consitute deceptive advertising? Could false and inaccurate reporting have the same impact?
2026  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 18, 2015, 02:31:24 AM
Can anyone tell what is different about the following headline that has never been represented before. It is not a trick question. It is just for the record. I am confident enough to bet my reputation on it.

"We Are Witnessing The Greatest and The Most Deceptive Technology Revolution In Human History".

Alan Yong
April 17, 2015
2027  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 17, 2015, 05:45:19 PM
I had a very good meeting with a Chicago Law Firm yesterday. Zach and his team at Liliak Law were very gracious, knowledgeable, and eager to learn more about DNotes and its ecosystem. Our business model is so different; it is never easy to explain in a short period of time, why we are so unique. Zach has been very diligent and prompt in communicating with me on many occasions. I am confident that they can represent us well at the appropriate time.

I also had a great telephone conversation with Daliah Saper and one of her colleagues at Saper Law earlier this week. Daliah is a rising star and an expert in laws governing social media and the Internet. She has frequently appeared on TV. Daliah has been very gracious and will refer us to people who may be interested.

Here are the possibilities as I see them at this time. We can treat Chicago just like the rest of the world, using our general mass media campaign. Since I reside in this area, we can target certain segments of the market like Universities, Colleges, small business owners and certain organizations. We can also go big and partner with the Chicago high-tech communities, universities, local and state government as well as the investment community. It will also be very helpful to have the strong support of the mainstream media, which based on my findings has been totally lacking.  Given the huge potential of Digital Currency and Blockchain Technology in job and wealth creation, this is a gigantic undertaking I am willing to spearhead if there is sufficient local support, including the local news media.

In my previous and subsequent posts you will note that I am extremely impressed by what J.B. Pirtzker and Chicago 1871 has accomplished based on a 2 part article by Jim Dallke of Chicago Inno publication.

Here is what I am planning to do. I will take the next 6 to 8 weeks to determine if there is sufficient local interest to form an exploratory committee to explore the feasibilities of what an epicenter of digital currency and blockchain technology could be based on along the possible theme as follows:


“Epicenter of Digital Currency & Blockchain Technology”

“Digital Hub for Blockchain technology”

“Global Center of Digital Innovation and Blockchain Technology”


I will keep the community posted if there is new development in my efforts:


Really good to have Dyna heading proyect and spreading DNotes to society, this step isnt done for almost 99% of coins, and be sure only ones that cultivate can collect. We are going in good way sure!

tip recived, thanks DNotes  Cheesy

Everything about this is fascinating, the articles, the ideas, the potential of witnessing the start of something so big that it is game changing for the industry and for the the lucky city that makes the first move.

Taking this all in...  I am almost at a loss for words... and that doesn't happen often.

Good luck Dyna - you are the best person for this job!

Thanks, Chase. This could be the biggest challenge of my life time. I believe in it. I am very passionate about it. I am capable mapping out a master plan with winning strategies. I can motivate, train, guide and direct those who want to be part of the team. I can lead the thirsty horse to the water but I can not force it to drink. This will be a very interesting case. And is it recorded here in case it becomes historic. Stay tuned. We may like you to have the honor to be the historian.
2028  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 17, 2015, 04:50:12 PM
For your convenience, here is the first part of the article. It is worth reading.


For those of you who are young and ambitious, follow DNotes very closely and learn from it. At 69 I am one of the oldest guys in our industry, if not the oldest. I love to know all those who are my senior. Having been a true entrepreneur for almost 40 years I have seen just about all the good, the bad, and the ugly. I am very passionate about helping others who have been struggling to make their life long dream a success and those who have a serious interest to learn. I hope my challenge to bring Digital Currency and Blockchain Technology to Chicago will provide an opportunity to help even more people.

DNotes and our ecosystem is already a success story that should be written up as a case for Business School MBA class; may be it will. Those who are familiar with DNotes, may already know that our success is based on a number of basic principles.

We started with a clear vision: "DNotes - The Trustworthy Digital Currency of the Future with Lasting Value" In order achieve that objective we have been developing all the necessary building blocks to build the most stable digital currency with reliable long term appreciation and provide the most expansive program through our family of CRISP so that anyone, from the unborn to the super rich worldwide can participate. We have also identified the significant gender participation imbalance in the digital currency space. We immediately developed and launched CryptoMoms to encourage and assist women to be included in what we firmly believe to be an opportunity for high potential returns where even meager savings could make a meaningful difference in our financial future. We have genuinely invited our industry peer to participate and many have. I am very appreciative of the dedication and hard work so many of you have given to support our growing list of projects. I am very proud to see how much CryptoMoms has accomplished in one year. Congratulations to one and all. Happy Birthday to CryptoMoms!!


J.B. Pritzker on the City's Growth, Tech Bubbles, & If Chicago Needs 'Sexy Startups'
Part 1 of Chicago Inno's 2-part interview with tech leader J.B. Pritzker

Jim Dallke - Staff Writer
04/13/15 @9:37am in Tech

Growing a tech community takes exactly that: entrepreneurs, engineers, investors, government leaders, and others to build an environment where a tech ecosystem can thrive. But when you ask people in Chicago who's been influential in raising the city's image as a tech hub, one name comes up more than others: J.B. Pritzker.

It would be difficult to find a more influential tech figure in Chicago than, Pritzker, the co-founder and managing partner of the Pritzker Group. Pritzker Group Venture Capital, founded in 1996 as New World Ventures, is the largest technology venture investor in the Midwest and has invested more than $300 million in more than 100 Chicago companies.

Pritzker chairs ChicagoNEXT--the mayor’s council on innovation and technology, and helped found 1871. He also helped create  Illinois Venture Capital Association, the nation’s top regional private equity association, co-founded Chicago Ventures, and put money behind Techstars Chicago and Built in Chicago.

J.B., an heir to the Hyatt Hotel fortune who's worth about $3.4 billion according to Forbes, sat down with Chicago Inno to talk about the rise Chicago's tech scene, the need for "sexy startups," and if he's worried about a tech bubble.

How would you describe the growth of the Chicago tech ecosystem over the past 5-10 years?

Let's differentiate between, let's say 7 years ago and anything before 7 years ago. So we’ll use that as a mark. First, I would say that the growth has been phenomenal. If you showed up in 2011 or 2012, it was like you were on a different planet than you were in 2008. It's hard to imagine the nuclear Winter--how bad it was in 2003. But it was bad. So first we should all rejoice that this is so much different than it once was. Second, from 2009-2012, the rate of ascent of Chicago hasn’t just been upward or at the same rate of ascent. It’s been an accelerating ascent. So I think one consequence of that is, if you’re an investor and you’re thinking about a community to engage in because you’re looking for investment opportunities, I can think of very few technology ecosystems around the world that have the angle of ascent that Chicago has today.

I don’t want to overstate here. If you took it in absolute numbers, Silicon Valley is in a whole 'nother bracket. But the angle of ascent in Silicon Valley is much shallower. Much shallower. If the angle is upwards and to the right by 20 or 30 degrees, the upward trajectory of Chicago looks like an increasing angle going from 30 and as you move forward in the years, to 40 and 50 percent.

Will Chicago ever be Silicon Valley? Is it even trying to? Or is that just a dumb question all together?

Let's start with, we’re not Silicon Valley. That's the statement of the obvious. And I don’t mean we're not Silicon Valley because were not as big as Silicon Valley. The environment of businesses that already exist here is different vs. the business that already existed in California at the time Silicon Valley got its legs. I don’t think we should say, 'can we be Silicon Valley?' Because it can never happen. It can’t happen. But now, with those words, I don’t want anybody to foist upon them their own view of, 'what does he mean by we can’t be Silicon Valley? We can’t be big? Can’t be successful? Can’t be deep technology?' No, I don’t mean any of those things. I mean what we develop here is our own flavor of a technology ecosystem. It's based on different technologies and different people.

I think people on the outside point to, where is Chicago's sexy startup? Where is Chicago's Snapchat, or something equivalent to that? Does Chicago need a Snapchat to make waves, or can it make its own waves with pragmatic tech that a lot of current Chicago companies have?
If you’re asking, can we have these highly successful companies that nobody pays any attention to, and have Chicago turn into a massive tech ecosystem that everybody wants to participate in? No. First of all, we should be yelling from the rooftops when we have success here. And you want the Wall Street Journal and Techcrunch to cover the success of GrubHub. And they do, by the way. So no I don’t think we can just sit and say, well it will just happen, people will quietly recognize that Chicago is successful.

Do we need, when you say the 'sexy startup like Snapchat,' well remember, Snapchat in some ways puts LA on the map, right? And just like Groupon. People said, 'oh that's in Chicago?' Nobody thought anything could come out of Chicago. So whether you love Groupon, and some people don’t. But Groupon no doubt made Chicago a town that people thought about for tech investing.
I can think of very few technology ecosystems around the world that have the angle of ascent that Chicago has today

Having said all of that, Chicago is also a town that has a certain characteristic that is kind of rooted in fundamentals. We build businesses here, generally speaking, that are focused on profitability. Revenue and profitability. Crazy notions, I know. But rather than build a technology that you’re not sure what the market will be, I think many of the entrepreneurs in Chicago, my observation, actually focus on what the market is, and the size of the market, and how they’re going to go after winning that market, how much of it they need to win, and focusing on whether their service or product will yield profit.

So maybe someone wants to scoff at that. I don’t know. But I don’t scoff at that. And I think, like it or not, that's a characteristic of Chicago-based companies. The tech companies that get started in Chicago tend to have their feet on the ground. They can be skyrockets. But they start with their feet on the ground about building something real. And think if you talk to (GrubHub CEO) Matt Maloney, he wasn’t building something that he had no idea whether they could possibly make a business out of it. He had a very definite idea of how that business should develop and what it would develop into and how it would become profitable. And it did.

Are you in the camp that is at all concerned about a tech bubble?

Well, sure. Valuations seem high. But when you say concerned about a tech bubble,  I just want to be clear, there are different reasons for different people to be concerned. For investors, a concern is, am I paying up in an environment where everything is going up and then the day after I put my money down, like musical chairs the music stops and there aren’t enough chairs.
So that's an investor concern about an overheated market. A civic concern is are companies getting started that won’t be able to survive because everybody got excited about the valuations all going up and the minute they stop going up they say, I’m going to close up my pocket book and they’re not investing anymore. And then, when those A round companies go out for their B round, there's no money.

What's nice I think, is even if you contemplate that we might be in a bubble, of all the environments in which companies get started around the country, if in fact we're in a bubble and the bubble is going to deflate at some point, because the character of these businesses, I said it before, tend to be focused on revenue and profitability, we will tend to have fewer problems here. Cycles are inevitable. Things do not go straight up. And unfortunately you have to get to 50 years old and see 2 or 3 cycles to really have that beaten into your head. And you start to have pattern recognition. And you say this is what happens when valuations get high. This is what happens when valuations begin to fall. This is what an environment looks like when valuations have bottomed out. So there's a lot of concern for people who’ve never been through a cycle.

In part 2, Pritzker talks about Chicago's turning points in tech, how 1871 can evolve, and what he thinks about the Apple Watch. This interview has been edited for length and clarity.
2029  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 17, 2015, 03:51:02 PM
Here is the 2nd part of Chicago Inno's 2-part interview with tech leader J.B. Pritzker I was referring to. I am particularly excited about the fact that "There is a need in Chicago to stoke the fire of the engineering community." according to Mr. Pritzker.

It is also interesting to observe the way Mr. Pritzker characterized Chicago 1871; " it's not just a co-working space, it's more like the central address for the tech community". I am personally interested to see if DNotes could be associated with that address.

Part 2 of Chicago Inno's 2-part interview with tech leader J.B. Pritzker

Jim Dallke - Staff Writer
04/13/15 @9:37am in Tech

Pritzker Talks Chicago's Tech Milestones, 1871's Future, & His Gadget Obsession (Part 2)
Part 2 of Chicago Inno's Interview with J.B. Pritzker


In the second part of our two-part interview with J.B. Pritzker, Pritzker hits on Chicago tech's turning points, how 1871 can "stoke a fire" in the engineering community, and Mayor Rahm Emanuel's role in elevating the tech sector in Chicago. He also gives us the details on his favorite gadget: one of the original Apple computers.

You can read Part 1 of our interview here.

What have been some of the turning points for the Chicago tech community?

Well, there have been a number. Serial entrepreneurs. And more importantly, successful serial entrepreneurs. Success begets success. And this is very true in the tech world. Once you’ve got a Dag Kittlaus, you know, who succeeds in building something great and selling it to Apple and having his own capital to invest. And who sticks around Chicago to have an influence on the Chicago community, and keeps his dollars here, too. He makes investments, and oh by the way, starts a new company. There were people who worked for him who started their own companies.

That's one example of a serial entrepreneur. But there are many examples of that now.
Every time there's an exit in Chicago, we should step back and say—a big exit, I mean— we should step back and say that's a milestone. Money's coming in. Lots of entrepreneurs who were involved in that company will spin out and create other businesses. And Chicago will have yet another proof point that it is an ecosystem that a venture investor or a seed investor will want to put their money into.

There is a need in Chicago to stoke the fire of the engineering community.
And there are others we can point to that have been critical. I think the creation of the fund that preceded Chicago Ventures and turned into Chicago Ventures, the Illinois Innovation Accelerator Fund (I2A Fund). I think that was a very important turning point. It funded a number of companies likeYCharts and Sittercity and others that otherwise would not have been funded. And there was no seed money in Chicago when it got started.

The state of Illinois put some money up. I put some money up. A bunch of entrepreneurs in the city put money into it. All of a sudden you had someone who was writing $250,000 checks, which back then was hard to find.

I think 1871 is another one. There wasn’t really a great place available to anybody with a good business plan to go build your business together with others. To learn from them, and have the kind of programs and the venture capitalists around.

What is 1871’s role in the future? How do you see it evolving?

It remains a prime place for people to go start their businesses. I think one terrific development of it, this isn’t your question, but there are lots of copy cats and new entrants. People are opening more co-working spaces, incubators, accelerators and so on. And that to me is terrific. It means more companies are getting started. More help is being given to them. It's all a great development.

If I had to pinpoint how 1871 should look in a year or 2, or 3, I guess the only thing I would say is there is a need in Chicago to stoke the fire of the engineering community. And I don’t know exactly what role 1871 ought to play in that. 1871’s become more than I expected and more than I could hope really, in that it's not just a co-working space, it's more like the central address for the tech community. It's kind of a gathering place.

But there's not, in my opinion, enough of that gathering spot kind of thing for the engineering community in Chicago. And there needs to be more. We have some amazing engineers here. We have some amazing CTOs in Chicago. Brilliant people who know more about what should happen in the tech community sometimes than the entrepreneurs. And yet I sometimes feel like their voices aren’t heard. So I wonder how 1871 can play a role in that.

You talked about Chicago's angle of ascent. Do you see that trajectory continuing upward over the next, 2, 4, 6 years and on?

I see that our trajectory will continue to have an angle of ascent that’s higher than others. Inevitably, if there was a recession in the United States, the angle will decrease. But it wouldn’t just be our angle. Everybody will decrease. And some will decrease to a 0 angle, or a negative angle. I don’t think ours will do that. And the reason is we start from a relatively low base, as compared to other big markets. But second is because many Chicago businesses have profitability on their mind from the get go. Look at Avant Credit, which is a company that really was profitable very early. And that's true of a number of Chicago businesses.

How has Mayor Rahm Emanuel played a role in Chicago tech? Tech people in Chicago really sing his praises. Is that a deserved praise, you think?

Yes. Putting aside who you support, who anybody supports for mayor. Whoever sits in that office ought to support job creation in growth sectors, and I think Mayor Emanuel recognized that from before day 1.

One thing I want to emphasize though is government in the end can’t do for Chicago what the engineers the entrepreneurs and the investors can do to create and build this environment. I think one great thing about Mayor Emanuel is that he sort of recognizes that fact. It's sort of like, government needs to a bit get out of the way. But he’s got one thing that none of the rest of us have: a bully pulpit. And with that bully pulpit he gets coverage. And when he stands up, when he comes to all the tech events, which he has, and when he stands up and extolls the virtues of the efforts to build the community and of the companies in the community, when he shows up to the ribbon cuttings of the new companies, it adds credibility. And it makes it more likely that a new entrepreneur and a new engineer a new entrant to the tech community will choose Chicago.

They know that there's an environment here where even the mayor is involved in helping. I’ve loved that about Mayor Emanuel.

Are you a gadget guy, and are you going to get an Apple Watch?

I love gadgets. I’m an early adopter of a lot of things, and I have boxes of stuff at home that prove how early I am because lots of them are failed gadgets. Things that came out and I thought, I’ve got to go try that! And it turns out, it doesn't really work that well. But I keep them in boxes at home. I think I have the very first Palm Pilot. Maybe these things will be collectors items at one time.

By the way, one really cool thing is, I own one of the only original Apple computers. The original Apple computer that Steve Jobs created. There are only 6 in existence that I'm aware of. And there are none as far as I know that have the original instructions that came in the original box. And I have all of that, which is kind of a cool souvenir. And I got that because I’m a gadget guy and I just love that.

To answer your question about the Apple Watch, all I can say is that my son, when he saw the commercial, he’s 10 years old, he said 'Dad you’ve got to get one of those!'
2030  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 17, 2015, 02:01:41 PM
I had a very good meeting with a Chicago Law Firm yesterday. Zach and his team at Liliak Law were very gracious, knowledgeable, and eager to learn more about DNotes and its ecosystem. Our business model is so different; it is never easy to explain in a short period of time, why we are so unique. Zach has been very diligent and prompt in communicating with me on many occasions. I am confident that they can represent us well at the appropriate time.

I also had a great telephone conversation with Daliah Saper and one of her colleagues at Saper Law earlier this week. Daliah is a rising star and an expert in laws governing social media and the Internet. She has frequently appeared on TV. Daliah has been very gracious and will refer us to people who may be interested.

Here are the possibilities as I see them at this time. We can treat Chicago just like the rest of the world, using our general mass media campaign. Since I reside in this area, we can target certain segments of the market like Universities, Colleges, small business owners and certain organizations. We can also go big and partner with the Chicago high-tech communities, universities, local and state government as well as the investment community. It will also be very helpful to have the strong support of the mainstream media, which based on my findings has been totally lacking.  Given the huge potential of Digital Currency and Blockchain Technology in job and wealth creation, this is a gigantic undertaking I am willing to spearhead if there is sufficient local support, including the local news media.

In my previous and subsequent posts you will note that I am extremely impressed by what J.B. Pirtzker and Chicago 1871 has accomplished based on a 2 part article by Jim Dallke of Chicago Inno publication.

Here is what I am planning to do. I will take the next 6 to 8 weeks to determine if there is sufficient local interest to form an exploratory committee to explore the feasibilities of what an epicenter of digital currency and blockchain technology could be based on along the possible theme as follows:


“Epicenter of Digital Currency & Blockchain Technology”

“Digital Hub for Blockchain technology”

“Global Center of Digital Innovation and Blockchain Technology”


I will keep the community posted if there is new development in my efforts:
2031  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 16, 2015, 02:44:32 PM
Here are lessons learned:

Coindesk:
Pete Rizzo (@pete_rizzo_) | Published on April 15, 2015 at 17:27 BST

Buttercoin CEO Reveals 'Tactical Mistake' that Lead to Company Closure

One week after his startup's abrupt closure, Buttercoin CEO Cedric Dahl says the wider community should be careful to learn from his experience at the helm of the US bitcoin marketplace.

Despite accruing an impressive list of investors, including Google Ventures, Centralway Ventures and Y Combinator, Dahl suggested that it was Buttercoin's affiliation with larger investment firms that ultimately left it less able to adapt in a changing bitcoin ecosystem.

He told CoinDesk:

"The big lesson is that you cannot rely on venture. You have to make a product that is self sustaining."

Founded in 2013, Buttercoin raised $1.3m in funding, capital that helped make the startup 'one to watch' in a crowded market. However, in hindsight Dahl wouldn't have tried to raise venture funds at all, he said, calling the decision a "tactical mistake".

"There's much more seed money out there. It's much easier to raise, whereas with venture, if you're not able to get it, the funding is over. With seed and angel money, you can keep going," he continued.

Since the move, some of the company's more high-profile customers have already reported switching marketplace providers, with MegaBigPower's Dave Carlson entering a business relationship with Boost VC-backed startup Hedgy.

Buttercoin's last full day of operations was 10th April, with employees scheduled to depart at close of business on 15th April.

Supply and demand

In interview, Dahl talked at length about his regret that he didn't bootstrap the company, instead trying to raise "a significant amount" early on.

"What I should've done is really start with a fraction of what I would actually need and once you have enough demand, raise more," Dahl said.

Still, Dahl warned that having traction in the marketplace isn't everything, as he believes Buttercoin was able to achieve an active user base despite opening to the public roughly five months ago.

"At the end of the day, we built a great product that had real growth that was growing between 10–25% per week," Dahl said.

Dahl also suggested the decline in the price of bitcoin was a factor in funding, noting that his initial fundraising took place when the price of bitcoin was at or near $1,000, compared to its current value of $220 at press time.

Consolidation to continue

Dahl also discussed the need for bitcoin industry executives to strike a balance between "reality and perception," noting that both are equally important when dealing with potential investors.

"Perception is important," Dahl continued, adding that he expects companies to raise funds without introducing products because of this factor.

The most likely targets for this funding, he suggested, would be first-time bitcoin investors or firms looking to capitalize on the big opportunities in the space. Further, he said that investment is likely to be split between large venture rounds and smaller seed investments, though all in line with an overall trend of consolidation.

"If you look at the money this year, 50% has gone to two companies. That's a rough figure and I think you'll continue to see this distribution where fewer companies get more."

Dahl went so far as to predict an environment where the number of bitcoin wallet providers is whittled down to a handful of well-capitalized winners.

"I think that you'll find there's going to be a really big consolidation in the space," he added.

'Moonshot' option on table

Despite the formal announcement, Dahl suggested that he wasn't ruling out a last-minute bid to save the company or secure an exit for investors.

"We're trying to do the best we can by our team and our investors, we're pursuing every option possible to get compensation," he said.

Overall, Dahl expressed his thanks to his team which he commended for handling both the scaling up, and subsequent winding down, of Buttercoin professionally. Going forward, Dahl indicated he would also seek to make himself available as a resource to aspiring bitcoin entrepreneurs.

Dahl concluded:

"At the end of the day, I'm super proud of the team we put together and the product we've built."

Yes. Most VC firms are control freaks. It's rare when you can find one willing to buy in and then sit back and let you run things without their input. When I was in business, we turned down an offer of investment for that very reason. Creative people, the very ones needing capital investment, don't mesh well with those who would control them. It's rare when this relationship works and rarer yet when it prospers.


You are exactly right, RJF. They (VCs) are never shy to bring up the "Golden Rule". And that is "He who holds the gold, makes the rule". There are many good reasons why the DNotes team has been digging deep in their pockets and not depended on VC or other funding to take DNotes and its ecosystem this far. We are  so certain that we have the most viable business model to make this a big success that we would rather dig in for our last $ before involving VC funding. Now that the foundation has been built and the cement is set, the table has been turned. Soon we will be the one holding the gold. We are the average wage owners should all be very proud of what our whole team, community and our stakeholders have accomplished. Long live CryptoMoms! Happy Birthday.
2032  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 16, 2015, 02:12:18 PM
Frist one spotted:


Digital Journal:
http://www.digitaljournal.com/pr/2524841

Bitcoin And Cryptocurrency Forum For Women, CryptoMoms Celebrates First Anniversary
Continuing To Encourage Women's Participation In Digital Currency

Apr 16, 2015 - (Newswire)

In spite of the troubling gender gap being well recognized in the cryptocurrency and Bitcoin space, most industry efforts to help improve the situation have shown little result. Most reports indicated a slight improvement from over a year ago by about 2%. The statistics came as no surprise for CryptoMoms which has strongly advocated a gentler and more inclusive approach with a friendly and helpful community environment.

As long time CryptoMoms Community Manager Rocky explains:
“CryptoMoms is the wave of the future to get women involved in the cryptocurrency world. Empowering women to get into the financial world has been a struggle. With Cryptomoms it is centered around women, designed for women to communicate and get involved in their own finances. Communication and understanding finances is very important with so many single women in the world. It is time women become involved at a higher level and manage with confidence their own finances.”

CryptoMoms celebrates its first anniversary as a gateway for women into the world of digital money overwhelmingly dominated by men. The site provides plenty of vital information and easy guides for newcomers as well as a strong and helpful community. The forum alone attracts up to 272 visitors daily, an impressive number considering that far less than 10% of the cryptocurrency community are women. As the one year mark passes CryptoMoms remains true to its mission with multiple projects aiming to bridge the gender imbalance.

Although CryptoMoms was created by, and is fully funded by the DNotes team, it has positioned itself as a currency neutral site giving free access to industry peers to promote their products and services. Dozens of coins have benefited from this free platform to introduce and promote their coins. Many have commented very favorably on CryptoMoms’ commitments to provide a culture of trust and mutual respect while fulfilling its genuine efforts to assist women and others to acquire the basic knowledge about digital currency. Supporters from other coins have often shared their knowledge and assisted many new participants.

Alan Yong Co-Founder of CryptoMoms, DNotes and DNotesVault has frequently pointed out that Bitcoin is the greatest technology revolution since the Internet with significant world changing implications resulting in a quantum shift. Unlike the Internet, Bitcoin and Blockchain technologies are much more complex and far reaching with even more massive job and wealth creation potential than the Internet. DNotes is also committed to working with CryptoMoms in assisting women small business owners and women organizations. This is truly a worthy cause that the most fortunate 1% can participate to make a world of difference.

CryptoMoms is becoming increasingly popular among parents and grandparents since it launched cryptocurrency investment savings plans for kids (CRISP) last December. Since then DNotes, CryptoMoms and DNotesVault have added savings plans for retirement and for students worldwide. It has become quite apparent that moms care deeply about the financial future of their children and their financial means to get a good education. Digital currency, such as DNotes being at its infancy offers potential high returns and superior advantages as a form of payment.

Chase, a devoted community member and the brain-child of CRISP pointed out that, “With cryptocurrency, we have the opportunity to reach women from all walks of life and from every corner of the world. It has the power to help women by addressing poverty, providing economic inclusion, and allowing them to participate in the massive job and wealth creation of a new industry. Cryptocurrency has the potential to provide women with a secure financial future that otherwise may be unattainable. It also allows woman to start and operate a business in locations around the world that have no banking access.”

She concluded by inviting everyone to “join us at CryptoMoms to learn, or to help teach others, about cryptocurrency, investing, retirement, and the many opportunities evolving in this new industry.”
With rich content on everything one needs to know to get started in the digital currency space; CryptoMoms continue to be vital for the introduction of women to the unprecedented opportunities offered by Bitcoin, digital currency and cryptocurrencies more widely.

For more information please visit: CryptoMoms.com

Media Contact:
Name: Rocky DeLucenay
Email: Contact@CryptoMoms.com
CryptoMoms Newsroom
Original Source: http://www.newswire.com/press-release/bitcoin-and-cryptocurrency-forum-for-women-cryptomoms
2033  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 16, 2015, 11:26:43 AM
Here are lessons learned:

Coindesk:
Pete Rizzo (@pete_rizzo_) | Published on April 15, 2015 at 17:27 BST

Buttercoin CEO Reveals 'Tactical Mistake' that Lead to Company Closure

One week after his startup's abrupt closure, Buttercoin CEO Cedric Dahl says the wider community should be careful to learn from his experience at the helm of the US bitcoin marketplace.

Despite accruing an impressive list of investors, including Google Ventures, Centralway Ventures and Y Combinator, Dahl suggested that it was Buttercoin's affiliation with larger investment firms that ultimately left it less able to adapt in a changing bitcoin ecosystem.

He told CoinDesk:

"The big lesson is that you cannot rely on venture. You have to make a product that is self sustaining."

Founded in 2013, Buttercoin raised $1.3m in funding, capital that helped make the startup 'one to watch' in a crowded market. However, in hindsight Dahl wouldn't have tried to raise venture funds at all, he said, calling the decision a "tactical mistake".

"There's much more seed money out there. It's much easier to raise, whereas with venture, if you're not able to get it, the funding is over. With seed and angel money, you can keep going," he continued.

Since the move, some of the company's more high-profile customers have already reported switching marketplace providers, with MegaBigPower's Dave Carlson entering a business relationship with Boost VC-backed startup Hedgy.

Buttercoin's last full day of operations was 10th April, with employees scheduled to depart at close of business on 15th April.

Supply and demand

In interview, Dahl talked at length about his regret that he didn't bootstrap the company, instead trying to raise "a significant amount" early on.

"What I should've done is really start with a fraction of what I would actually need and once you have enough demand, raise more," Dahl said.

Still, Dahl warned that having traction in the marketplace isn't everything, as he believes Buttercoin was able to achieve an active user base despite opening to the public roughly five months ago.

"At the end of the day, we built a great product that had real growth that was growing between 10–25% per week," Dahl said.

Dahl also suggested the decline in the price of bitcoin was a factor in funding, noting that his initial fundraising took place when the price of bitcoin was at or near $1,000, compared to its current value of $220 at press time.

Consolidation to continue

Dahl also discussed the need for bitcoin industry executives to strike a balance between "reality and perception," noting that both are equally important when dealing with potential investors.

"Perception is important," Dahl continued, adding that he expects companies to raise funds without introducing products because of this factor.

The most likely targets for this funding, he suggested, would be first-time bitcoin investors or firms looking to capitalize on the big opportunities in the space. Further, he said that investment is likely to be split between large venture rounds and smaller seed investments, though all in line with an overall trend of consolidation.

"If you look at the money this year, 50% has gone to two companies. That's a rough figure and I think you'll continue to see this distribution where fewer companies get more."

Dahl went so far as to predict an environment where the number of bitcoin wallet providers is whittled down to a handful of well-capitalized winners.

"I think that you'll find there's going to be a really big consolidation in the space," he added.

'Moonshot' option on table

Despite the formal announcement, Dahl suggested that he wasn't ruling out a last-minute bid to save the company or secure an exit for investors.

"We're trying to do the best we can by our team and our investors, we're pursuing every option possible to get compensation," he said.

Overall, Dahl expressed his thanks to his team which he commended for handling both the scaling up, and subsequent winding down, of Buttercoin professionally. Going forward, Dahl indicated he would also seek to make himself available as a resource to aspiring bitcoin entrepreneurs.

Dahl concluded:

"At the end of the day, I'm super proud of the team we put together and the product we've built."
2034  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 16, 2015, 04:11:24 AM
Found this on ccn

Bitcoin price is being traded lower in small price steps as buyers eagerly take advantage of new lows, and profit takers fill in the ending of the current wave of decline. After another correction we could see an additional wave of decline. Will it be foreshortened by buying demand or catastrophic due to mass participation?

https://www.cryptocoinsnews.com/bitcoin-price-decline-coming/

What does everyone think? Are we headed for a price decline in bitcoin?

I think BTC has reached it price point of just above or slightly below 200.00 USD. Unless something truly remarkable happens, in either direction, this seems to be the price for now. We need some real inovation in the marketing side of Bitcoin itself. We also need for the leaders, shakers and movers of Bitcoin to grow up, stop fighting, stop stealing and stop reinforcing the media's depiction of Bitcoin as an aide to criminals. Bitcoin has a PR problem that will hinder growth until it's fixed.

And, we, as DNotes, must continue to work tirelessly towards the goal of breaking away from the Bitcoin market and standing on our own. I firmly believe this will happen in the not too distant future. Until then, ever forward people, ever forward...



I hear you loud and clear. There is a serious lack of leadership in our industry. I would not have preferred to make a big deal about it until DNotes is solidly positioned; i.e. by the end of 2015. However, it is now getting more than just frustrating to see the continued high volatilities and downward trend of Bitcoin. It is becoming damaging to our industry. DNotes is in the best position to show some leadership. I am highly confident that with the support of our community and others in our industry we can pick a big city like Chicago and make a bold move.

We can make Chicago the Epicenter of Digital Currency and Bitcoin Blockchain. We can show the world that there is a better way to collaborate and build upon the most innovative technology of our generation to mutually benefit far more people than ever accomplished in the history of mankind.

Please let us hear your comments. It will also be helpful if you can come up with a better theme. What may be a better phrase to chacterize such a project.

Epicenter of Digital Currency & Blockchain Technology

I LOVE this phrase. It has the downside of un-coupling from Bitcoin, but it also has the up-side of uncoupling from Bitcoin!!

Smokey

I like this one as well, I also like Chase's "Global Center of Digital Innovation and Blockchain Technology". Or maybe even something like Digital Innovation Hub.

Digital Eden
Blockchain Epicenter
Blockchain Genesis
Global Digital Core
Global Blockchain Hub
Digital Blockchain Core or just Blockchain Core
Global Blockchain Headquarters
Digital Headquarters
DNotes Genesis Core
DNotes Blockchain Hub
DNotes Global Epicenter
BlockChain Technology Core

Just a few. Tomorrow will be a very good day!! Can't wait.

I like this one:

DNotes Blockchain Hub

There is a preference to be currency neutral since the project will likely be seeking government and venture capital funding. I will be gone most part of the day. I will do every thing I can to make this massive project happen. It can be the best thing for our industry. We should have a good idea in a couple of months. The wheels are already in motion. You all gave me the inspiration and confidence so if anyone can pull it off DNotes can. CryptoMoms should be in the news first thing tomorrow. Please post the most important sightings.

Happy Anniversary to CryptoMoms!
2035  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 15, 2015, 04:34:12 PM
Found this on ccn

Bitcoin price is being traded lower in small price steps as buyers eagerly take advantage of new lows, and profit takers fill in the ending of the current wave of decline. After another correction we could see an additional wave of decline. Will it be foreshortened by buying demand or catastrophic due to mass participation?

https://www.cryptocoinsnews.com/bitcoin-price-decline-coming/

What does everyone think? Are we headed for a price decline in bitcoin?

I think BTC has reached it price point of just above or slightly below 200.00 USD. Unless something truly remarkable happens, in either direction, this seems to be the price for now. We need some real inovation in the marketing side of Bitcoin itself. We also need for the leaders, shakers and movers of Bitcoin to grow up, stop fighting, stop stealing and stop reinforcing the media's depiction of Bitcoin as an aide to criminals. Bitcoin has a PR problem that will hinder growth until it's fixed.

And, we, as DNotes, must continue to work tirelessly towards the goal of breaking away from the Bitcoin market and standing on our own. I firmly believe this will happen in the not too distant future. Until then, ever forward people, ever forward...



I hear you loud and clear. There is a serious lack of leadership in our industry. I would not have preferred to make a big deal about it until DNotes is solidly positioned; i.e. by the end of 2015. However, it is now getting more than just frustrating to see the continued high volatilities and downward trend of Bitcoin. It is becoming damaging to our industry. DNotes is in the best position to show some leadership. I am highly confident that with the support of our community and others in our industry we can pick a big city like Chicago and make a bold move.

We can make Chicago the Epicenter of Digital Currency and Bitcoin Blockchain. We can show the world that there is a better way to collaborate and build upon the most innovative technology of our generation to mutually benefit far more people than ever accomplished in the history of mankind.

Please let us hear your comments. It will also be helpful if you can come up with a better theme. What may be a better phrase to chacterize such a project.
2036  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 15, 2015, 02:53:50 AM
A press release on CryptoMoms been approved for distribution this Thursday. Here is a sneak peek:

Bitcoin And Cryptocurrency Forum For Women, CryptoMoms Celebrates First Anniversary
Continuing To Encourage Women's Participation In Digital Currency



Bitcoin Press Release:  CryptoMoms continues to encourage and assist women worldwide to participate in Bitcoin and digital currency, as it celebrates its first anniversary after officially launching one year ago on April 16, 2014.

 …………..  Most reports indicated a slight improvement from over a year ago by about 2%. The statistics came as no surprise for CryptoMoms which has strongly advocated a gentler and more inclusive approach with a friendly and helpful community environment.

As long time CryptoMoms Community Manager Rocky explains:

“CryptoMoms is the wave of the future to get women involved in the cryptocurrency world. Empowering women to get into the financial world has been a struggle…….

CryptoMoms celebrates its first anniversary as a gateway for women into the world of digital money ………….The forum alone attracts up to 272 visitors daily…

……….. Dozens of coins have benefited from this free platform to introduce and promote their coins……. 


…….. DNotes is also committed to working with CryptoMoms in assisting women small business owners and women organizations. This is truly a worthy cause that the most fortunate 1% can participate to make a world of difference.

CryptoMoms is becoming increasingly popular among parents and grandparents since it launched cryptocurrency investment savings plans for kids (CRISP) last December………… It has become quite apparent that moms care deeply about the financial future of their children and their financial means to get a good education. …….

Chase, a devoted community member and the brain-child of CRISP pointed out that,

“With cryptocurrency, we have the opportunity to reach women from all walks of life and from every corner of the world. It has the power to help women by addressing poverty, providing economic inclusion.........
2037  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 14, 2015, 03:55:48 PM
Hi Everyone:

If you don’t see me as often on DNotes and CryptoMoms forum the following article may give you a clue.  I am on a mission to take DNotes to the next level.

For those of you who are unloading DNotes at 10,000 DNotes for around $100 let me share one of my bigger investment regrets; “I could have, and should have bought a bunch of Google shares when it was trading at less than $100 per share.
Google price has gone up by over 1,000% since its IPO on August 19, 2004.

Enjoy reading.

J.B. Pritzker on the City's Growth, Tech Bubbles,
& If Chicago Needs 'Sexy Startups'

Part 1 of Chicago Inno's 2-part interview with tech leader J.B. Pritzker


Growing a tech community takes exactly that: entrepreneurs, engineers, investors, government leaders, and others to build an environment where a tech ecosystem can thrive.

But when you ask people in Chicago who's been influential in raising the city's image as a tech hub, one name comes up more than others: J.B. Pritzker.

It would be difficult to find a more influential tech figure in Chicago than, Pritzker, the co-founder and managing partner of the Pritzker Group. Pritzker Group Venture Capital, founded in 1996 as New World Ventures, is the largest technology venture investor in the Midwest and has invested more than $300 million in more than 100 Chicago companies.

Pritzker chairs ChicagoNEXT--the mayor’s council on innovation and technology, and helped found 1871. He also helped create  Illinois Venture Capital Association, the nation’s top regional private equity association, co-founded Chicago Ventures, and put money behind Techstars Chicago and Built in Chicago.

J.B., an heir to the Hyatt Hotel fortune who's worth about $3.4 billion according to Forbes, sat down with Chicago Inno to talk about the rise Chicago's tech scene, the need for "sexy startups," and if he's worried about a tech bubble.

How would you describe the growth of the Chicago tech ecosystem over the past 5-10 years?
Let's differentiate between, let's say 7 years ago and anything before 7 years ago. So we’ll use that as a mark. First, I would say that the growth has been phenomenal. If you showed up in 2011 or 2012, it was like you were on a different planet than you were in 2008.

It's hard to imagine the nuclear Winter--how bad it was in 2003. But it was bad. So first we should all rejoice that this is so much different than it once was. Second, from 2009-2012, the rate of ascent of Chicago hasn’t just been upward or at the same rate of ascent. It’s been an accelerating ascent. So I think one consequence of that is, if you’re an investor and you’re thinking about a community to engage in because you’re looking for investment opportunities, I can think of very few technology ecosystems around the world that have the angle of ascent that Chicago has today.

I don’t want to overstate here. If you took it in absolute numbers, Silicon Valley is in a whole 'nother bracket. But the angle of ascent in Silicon Valley is much shallower. Much shallower. If the angle is upwards and to the right by 20 or 30 degrees, the upward trajectory of Chicago looks like an increasing angle going from 30 and as you move forward in the years, to 40 and 50 percent.

Will Chicago ever be Silicon Valley? Is it even trying to? Or is that just a dumb question all together?
Let's start with, we’re not Silicon Valley. That's the statement of the obvious. And I don’t mean we're not Silicon Valley because were not as big as Silicon Valley. The environment of businesses that already exist here is different vs. the business that already existed in California at the time Silicon Valley got its legs. I don’t think we should say, 'can we be Silicon Valley?' Because it can never happen. It can’t happen. But now, with those words, I don’t want anybody to foist upon them their own view of, 'what does he mean by we can’t be Silicon Valley? We can’t be big? Can’t be successful? Can’t be deep technology?' No, I don’t mean any of those things. I mean what we develop here is our own flavor of a technology ecosystem. It's based on different technologies and different people.

I think people on the outside point to, where is Chicago's sexy startup? Where is Chicago's Snapchat, or something equivalent to that? Does Chicago need a Snapchat to make waves, or can it make its own waves with pragmatic tech that a lot of current Chicago companies have?

If you’re asking, can we have these highly successful companies that nobody pays any attention to, and have Chicago turn into a massive tech ecosystem that everybody wants to participate in? No. First of all, we should be yelling from the rooftops when we have success here. And you want the Wall Street Journal and Techcrunch to cover the success of GrubHub. And they do, by the way. So no I don’t think we can just sit and say, well it will just happen, people will quietly recognize that Chicago is successful.

Do we need, when you say the 'sexy startup like Snapchat,' well remember, Snapchat in some ways puts LA on the map, right? And just like Groupon. People said, 'oh that's in Chicago?' Nobody thought anything could come out of Chicago. So whether you love Groupon, and some people don’t. But Groupon no doubt made Chicago a town that people thought about for tech investing.

I can think of very few technology ecosystems around the world that have the angle of ascent that Chicago has today

Having said all of that, Chicago is also a town that has a certain characteristic that is kind of rooted in fundamentals. We build businesses here, generally speaking, that are focused on profitability. Revenue and profitability. Crazy notions, I know. But rather than build a technology that you’re not sure what the market will be, I think many of the entrepreneurs in Chicago, my observation, actually focus on what the market is, and the size of the market, and how they’re going to go after winning that market, how much of it they need to win, and focusing on whether their service or product will yield profit.

So maybe someone wants to scoff at that. I don’t know. But I don’t scoff at that. And I think, like it or not, that's a characteristic of Chicago-based companies. The tech companies that get started in Chicago tend to have their feet on the ground. They can be skyrockets. But they start with their feet on the ground about building something real. And think if you talk to (GrubHub CEO) Matt Maloney, he wasn’t building something that he had no idea whether they could possibly make a business out of it. He had a very definite idea of how that business should develop and what it would develop into and how it would become profitable. And it did.

Are you in the camp that is at all concerned about a tech bubble?
Well, sure. Valuations seem high. But when you say concerned about a tech bubble,  I just want to be clear, there are different reasons for different people to be concerned. For investors, a concern is, am I paying up in an environment where everything is going up and then the day after I put my money down, like musical chairs the music stops and there aren’t enough chairs.

So that's an investor concern about an overheated market. A civic concern is are companies getting started that won’t be able to survive because everybody got excited about the valuations all going up and the minute they stop going up they say, I’m going to close up my pocket book and they’re not investing anymore. And then, when those A round companies go out for their B round, there's no money.

What's nice I think, is even if you contemplate that we might be in a bubble, of all the environments in which companies get started around the country, if in fact we're in a bubble and the bubble is going to deflate at some point, because the character of these businesses, I said it before, tend to be focused on revenue and profitability, we will tend to have fewer problems here. Cycles are inevitable. Things do not go straight up. And unfortunately you have to get to 50 years old and see 2 or 3 cycles to really have that beaten into your head. And you start to have pattern recognition. And you say this is what happens when valuations get high. This is what happens when valuations begin to fall. This is what an environment looks like when valuations have bottomed out. So there's a lot of concern for people who’ve never been through a cycle.

In part 2, Pritzker talks about Chicago's turning points in tech, how 1871 can evolve, and what he thinks about the Apple Watch. This interview has been edited for length and clarity.

http://chicagoinno.streetwise.co/2015/04/13/j-b-pritzker-on-the-state-of-chicago-tech-tech-bubbles-and-silicon-valley/?utm_source=newsletter&utm_medium=dd&utm_campaign=2015_04_14&ak=60b850f382f9ac6e30f0340f72814830ed072b65
2038  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 13, 2015, 09:59:50 PM
Great article on the wall street journal about Charities seeking donations in bitcoin. Good news for DNotes CRISP for Charity program, Charities want to be involved.

Charities Seek Donations in Bitcoin

“We want to remain contemporary and relevant to current and future generations,” says Mr. Rossetti. “We don’t only want to be your grandmother’s charity, we want to be your grandchild’s charity. One way to do that is to accept bitcoin.”

http://www.wsj.com/articles/charities-seek-donations-in-bitcoin-1428894121


Charities and digital currency are a really good fit.  A charity can accept donations instantly from anywhere in the world and these can include small (micro) donations from a lot of people.
Also I find the successful people involved in digital currency some of the most generous people I have come across.

The perfect fit comes when you combine the stability of DNotes, the only CRISP in the world, and the features (like timed send), ease of use, and fund guarantee of DNotesVault.

"Charities and digital currency are a really good fit." I believe so too. When we get to the right point, I believe in another two years, a lot of wealthy individuals will be working with DNotes to support many worthy causes including scholarship funds, the needy and the unbank. That is my vision and I believe that will come true.
2039  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 13, 2015, 09:37:53 PM
Creating an app or tool or even a site such as infovortice2013's blog for DNotes now may wind up a profitable venture in the future. CryptoBroker79 created a tool that will become very useful for introducing people to DNotes and helping them get started. As it is upgraded and more features added it could end up earning some advertising revenue. We encourage everyone to think of how they can contribute now.

This is a very important insight. We've all been given a very rare opportunity, the chance to build organizations that can grow with DNotes.

Bitcoin grew too big, too soon, for the majority to have a chance at creating their own product or small business. The high cost of Bitcoin restricts a lot of startups to those with deep pockets, quite often corporations.


That is absolutely correct. Bitcoin ecosystems have become more for those with very deep pockets. The case of Buttcoin shutting down despite an initial investment of $1.6 million VC funding was not sufficient is sending a very clear signal that small investors should be looking at other options.

DNotes is positioned for rapid expansion next year. Instead of posting on this forum and finding what is DNotes trading at, I am spending most of my time working on other projects that are essential in taking DNotes to the next level. We are still at the ground floor with many opportunities for smaller investors to get involved. Could DNotes be the next Bitcoin by 2020? No body knows for sure. What I can tell is that no other coin is better positioned than DNotes to be the digital currency sufficiently stable with reliable appreciation essential for mass consumer and mass merchant adoption.

Don't miss the boat and look back in a few years and wonder how you missed the opportunity that should have been so obvious.

CryptoMoms anniversary is on Thursday with another scheduled press release. Please drop in and to say hello. Thanks.
2040  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: April 13, 2015, 12:42:56 AM

If you have some reading time, this article is informative and I think the points should be kept in mind when you are choosing to invest in particular digital currency.  


"6 traits successful entrepreneurs share"

1. They're persistent
2. They're adaptive
3. They're risk takers
4. They're imaginative doers
5. They're confident
6. They're trustworthy

Full article: http://www.cnn.com/2015/03/11/tech/traits-successful-entrepreneurs/index.html

Great article, everyone should read it to get a rough idea what the DNotes team goes through on a daily bases. Nothing in that write-up is over stated. In our case it takes even more. DNotes is managed as a business but cannot be controlled as a business because no body legally owns it as an entity. This is hugely challenging. I don't believe that I can pull it off if I were 20 years younger. That, in my opinion, is one of the main reasons why our industry has such a high rate of failures.

+ 7. Extremely knowledgeable of the industry. 8. Highly skilled in every aspect of the business.
9. Clear vision of the future 10. Loaded with winning strategies 11. Highly skilled in flawless strategic execution. ( I am sure I can come up with more ...) But that is the vaule of DNotes. We are a rare breed. Hard to find and tough to beat.

I like the additions you made, and the original 6. I recall in many books I've read over the years, where writers including Dr Kerry Spackman: http://www.kerryspackman.com/ who wrote the "Winners Bible" would discuss the ability to 'envision' yourself where you plan on being in the future, creating an unshakeable belief in ones-self of success, that less dedicated people often mistake for 'narcissism'.

It may reach slightly into the realm of theory rather than empirical science, because most neuro-psychology often is. For example, one of Mr Spackmans mental clients, I believe, was Michael Schumacher. I'm pretty sure as mental exercise, schumacher would have imagined himself speeding around corners in first place, the adrenaline from speed pumping through his body, the wind burning his exposed neck under his helmet as his races round the final bend. He would imagine the feeling of crossing the finish line first, imagine the feelings of elevation on the podium, and popping champagne bottles over his adoring fans.

This supposed mental gymnastics, rewires the brain to holding an 'unshakeable belief' in ones-self, a rewiring that subconsciously sets your brain in action towards achieving your goal.

I may have posted this before, I found it interesting.

Real brief. This may sound a little far out. We all behave in rather predictable manners inherent to human behaviors. If you are able to train and control yourself, allowing only the best behavior for the best outcomes, you are already one cut above the rest. Sometimes the best behavior means extra efforts to do things others won't do.
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