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    Assets, Interest Rates & Bubbles - Market Recap for 2022 w/ Drew Niv - BRT S04 EP02 (164) 1-8-2023

    en-usJanuary 10, 2023

    About this Episode

    Assets, Interest Rates & Bubbles - Market Recap for 2022 w/ Drew Niv

    BRT S04 EP02 (164) 1-8-2023

    What We Learned This Week

    • Assets – Valuations have gone down, forces Investors to evaluate the worth of an Asset, Risk / Reward analysis, no more ‘free’ money
    • Interest Rates – Don’t Fight The Fed, raising rates to lower value of assets
    • Market Risk – can get Treasury Bills at 4 – 5%, risk-free, need good ROI to invest in stocks with 10 – 20% downside risk
    • Oil Commodities – demand is up, supply is down, Gov’t will keep the price of oil at $70 / barrel
    • Bubbles / Crypto – does not have good utility, market has collapsed, Bitcoin & Ethereum will survive, has use, plus the Black Market

     

     

     

    Guest: Drew Niv, Trader Tools & former Forex Trader

    LKIN: https://www.linkedin.com/in/drew-niv-123812160/

    Drew Niv had a 20 year career in trading and FX (currency) markets. He founded one of the largest Forex trading companies on Wall Street, took it public (IPO), managed hundreds of staff, and oversaw $ billions in daily trading.

    Currently he runs a bank software company called Trader Tools, that specializes in FX markets. - https://www.tradertools.com/

    Drew Niv is a Strategic, Technology Savvy, and Detail-Oriented Board Member and Global Business Executive with a history of award-winning performance as a visionary leader. Founded company that disrupted the FX industry, resulted in retail FX becoming a major factor of the global FX market.

    Developed breakthrough technology that enabled customers to transact spot FX at 70–90% less cost than the largest exchanges and ECNs. He has forged strategic partnerships with 1,000 institutional customers, including major hedge funds, all large banks, and other brand name financial institutions, both domestically and globally.

    Drew possess a unique understanding of market microstructure - the inner plumbing of trade matching, how technology intersects with business, and how to grow a business from a small startup through an IPO. Well versed in managing through a crisis and positioning a mature business to meet the unique challenges of a shrinking industry. Experienced in software product development; able to design and build trading software that people want to use; and experienced in managing a diverse, international workforce remotely.

     

     

    Notes:

    Drew Niv - 20 year Wall Street career & former forex trader

    Currently sells financial software to banks – he used to fight the Wall Street wars, now he arms them, less stress, and an easier business

    Review of the Markets 2022

     

    Seg 1

    Market is very sensitive to interest rates. The Fed establishes interest rates. Interest Rates set the tone for the entire financial industry, from business lending, to stocks, bonds, banking, insurance, investments, mortgages, etc.

    Market Fundamentals are always valid, and post 0% rates, and current high inflation, become even more valid.

    Pension plans and insurance company’s returns will be affected by interest rates. They are looking at minimum rates of 4 to 5%. Interest rates have been low, near 0% for a number of years.

    It is tough to get Treasury bills when only at 1%. Companies were forced to chase return and take on more risk by acquiring corporate bonds and stocks. Investor mentality was not challenged at times for the last few years.

    Hard to know what a good investment is at 0% interest rates. Money was cheap, so people were investing in numerous things, borrowing $, and taking chances.

    We saw the rise of the Pandemic stocks in 2020 with companies like Carvana, Peloton, and different crypto assets. These all turned out to be bubbles, and wound up flopping in 2022. The crypto market has seen 90% shrinkage. Some companies go bankrupt, while others are acquired at $.10 on the dollar.

    Investment philosophy 101 - you compare all investments that have risk to a risk-free investment. Treasury Bills are considered risk-free investments where with very little risk, you can get 3 to 5%.

    If you are going to buy a stock by comparison, and take on more risk, you have to be paid for taking on that risk. A stock could have 10 to 20% downside risk, vs a T Bill which has almost no downside risk, the government is a good bet. The two-year treasury bill is at 4% annually.

    Professional investors always look at the risk/reward ratio. Whenever you look at an investment, you have to consider the duration, the type of asset, and what you want to benchmark it against.

    Example: you invest in Apple, are they a credit risk? What is the ROI? The return on an investment should be better than treasury bills, accounting for the potential downside risk of 10% (or more).

     

    Seg 2

    Inflation causes the economy to weaken. Housing prices decline like other assets. In 2023, inflation should go down. This assumes the Government doesn’t spend too much money, in which case inflation stays the same.

    The Fed is raising rates to bring asset values down. In the current environment, 2023, savers will be rewarded. This is similar to from the 1980s to the 1990s where you could actually earn interest on saving money.

    With low interest rates from 2005 to 2020, savers were punished. 2023 will be the return of the saver. Cash will be king. Valuations are collapsing, see tech stocks, crypto, and maybe housing?

    Psychology of the Investor – The investor currently still remembers the highs of the last few years. As they sell off and get out of the market (expecting a recession), their viewpoint slowly changes. Typically recessions last 2 years, and this is considered short. But it takes years for investors to regain confidence and jump back into the market.

    Historically market timing is tricky. In the current environment you want to reduce exposure to assets. Go to the Federal Reserve website to look at the history of housing prices. The last decade has seen an unprecedented climb in the price of housing assets - https://www.stlouisfed.org/

     Mean Reversion is setting in, this happens with assets. What goes up, must come down. A retracement in valuations of assets. When you look at housing and regional markets some values are even higher, ie: the Sun Belt like Florida or the southwest.

    Things that are illiquid assets, lower to the reset value, it’s different than last time. Illiquid is the state of a security or other asset that cannot quickly and easily be sold or exchanged for cash without a substantial loss in value.

    Non-bank lenders will be hurt. Examples of this might be an insurance company, mortgage co., venture capital or private equity.

     

    Seg 3

    Oil demand is up, despite the government trying to stop it. Supply is decreasing, and oil prices are going up with inflation. Commodities in general are on the uptick as an asset class.

    With regard to energy, there are risks of rising prices. China is on the rebound and it is the second largest consumer of oil in the world.

    Currently with US Gov’t strategy, there is no cohesive policy to drill for oil. Cannot replace the oil reserves that have been used. The market has changed, demand is up. The government will try to keep the price of oil at $70, and refill the strategic reserve.

    Energy companies understand all of this, and are operating a lot more efficient than in the past. They have lowered production costs, and can actually make money at $20-$30 a barrel. Bottom line they are leaner and meaner. Natural gas is very important, and the preeminent energy in Europe.

     

    Seg 4

    Crypto does not have good utility. There is no real regulation and the price has been based on speculation the last few years. Investors buy crypto and then look for the value to go up, to sell to the next person. The classic ‘greater fool’ theory.

    Many of these exchanges have turned out to either be run poorly, having bad books, and bad management - not experienced enough, or outright frauds like FTX.

    Crypto, specially Bitcoin, will still exist in the future. It is already being used in the black market and may even grow with use there. There are still too many countries with bad currency and bad banking, plus worse government.

    Citizens will use crypto in the black market to get around this. Usage will be to move money, do banking, get goods, and even smuggle money. This is why when you have seen multiple crypto coins collapse, both Bitcoin and Ether have not gone to $0 because of the black market.

    There is some usage as a payment method. Also in regards to Blockchain technology / Ethereum, there may be technological utility in the future.

    Forex (FX or currency trading) is not typically understood by most investors. It is very transparent and has low fees.

    Student loan crisis is very real. College costs are rising way too much. There is no disclosure for the ROI on the cost of tuition and the degree that major colleges give out. Not uncommon for a college to cost $200,000+ for a 4 year degree. Then the student graduates and can only get a $30,000 a year job. It’s a negative ROI on many college majors.

    The top 10 professions for degrees and pay revolve around a few major themes. Math, engineering, and programming degrees are important and provide for good jobs now This will only get more important in the future. Compare this vs other degree like English lit or languages that are a poor investment and do not get good jobs. K - 12 prep schools are not preparing kids properly for college and careers.

     

    O/T Seg 5

    Regarding school and recommended careers. Technology, science, and math are the themes of sectors to pay attention too. Further breaking it down, bio engineering, any type of engineering programming or construction, programmers and anything with tech or computers.

    Future is AI, software, and coding. VCs / venture capitalist looking for the next curve to fund and find the winners. What is the next tech revolution?

    Every major company now is a tech company. All the big fortune 500 corporations and beyond are using AI and algorithms - a.k.a. data science as part of their daily function and running many operations in the business.

    Not just tech companies anymore, there is a requirement in most companies to have a tech division. Understanding how to use big data, programming, AI and algorithms.

    JP Morgan Chase has a tech team which is small, that runs all of the AI trading. They have more volume, more transactions, creating fees and more ROI for the bank. Example: ATM that replaces tellers, and works 24/7

    There is an arms race in finance which has really become a tech race. Same goes for other industries – Sales, Oil, marketing / advertising and customer service.

    Tech is permeating the future of many industries. So programmers, coders, and data engineers are all going to be in demand. They will be able to get a king’s ransom for pay. The average programmer can make a lot of money as demand continues to be high. Working in boring fields like math, is very lucrative.

    Reminder, if you haven’t learned anything from the show, don’t fight The Fed. Don’t get cute with your investing. Invest for good returns and understand what type of return to expect versus risk-free assets.

    2023: we will see reality set back in.

     

     

    ‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

     

    Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement

    More 'Best of Investing': Here

     

    Real Estate Topic: https://brt-show.libsyn.com/category/Real+Estate-Construction-Land-Farming

     

     

    Thanks for Listening.

    Please Subscribe to the BRT Podcast.  

     

    Business Roundtable with Matt Battaglia

    The show where EntrepreneursHigh Level Executives, Business Owners, and Investors come to share insight and ideas about the future of businessBRT 2.0 looks at the new trends in business, and how classic industries are evolving

    Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

    BRT Podcast Home Page: https://brt-show.libsyn.com/

    ‘Best Of’ BRT Podcast: Click Here

    BRT Podcast on Google: Click Here

    BRT Podcast on Spotify: Click Here                   

    More Info: https://www.economicknight.com/podcast-brt-home/

    KFNX Info: https://1100kfnx.com/weekend-featured-shows/

     

    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

     

     

    Recent Episodes from AZ Tech Roundtable 2.0

    SciFi Movies & Edward Zwick Hollywood Director - AZ TRT S05 EP09 (224) 3-3-2024

    SciFi Movies & Edward Zwick Hollywood Director - AZ TRT S05 EP09 (224) 3-3-2024

    SciFi Movies & Edward Zwick Hollywood Director

    AZ TRT S05 EP09 (224) 3-3-2024 

    What We Learned This Week

    • Ed Zwick Hollywood Director & Producer with 40 years in the industry
    • ILM - Industrial Light & Magic is the premiere special fx company created by George Lucas
    • SciFi Movies predicted the Future – what has become reality?
    • The Internet & Choice – How the Martix movie showed us a new reality of virtual worlds that seem too real
    • AI Man vs Machine – Blade Runner and The Terminator movies give terrifying scenarios of AI run amok

     

     

    Guest: Edward Zwick, Hollywood Director

    ED ZWICK BIO (FROM TRIBUNE.CA)

     

    More Bio Info from IMDB: HERE

     

     

     

     

    Ed Zwick first hit the Hollywood radar screen as the producer/writer/director of the award-winning drama series Family, starring James Broderick (Matthew Broderick's father). Zwick landed the job after his short film, Timothy and the Angel, won first place in the student film competition at the 1976 Chicago Film Festival, catching the attention of the Family producers. He began as a story editor, then moved on to become a director and producer of the show, which ran from 1976 to 1980. Zwick went on to work on other critically-acclaimed series, including thirtysomething (for which he won an Emmy), My So-Called Life and Once and Again. In 1984, he won an "Outstanding Directorial Achievement in Dramatic Specials" Directors Guild of America award for the TV movie Special Bulletin.

     

    His first venture into feature film directing came with About Last Night (1986), starring Demi Moore and Rob Lowe, then received a Golden Globe nomination for "Best Director -- Motion Picture" for the Academy-Award® winning Glory (1989) starring Matthew Broderick and Denzel Washington. He has also directed the major motion pictures Leaving Normal (1992), Legends of the Fall(1994) starring Brad Pitt and Courage Under Fire (1996) starring Meg Ryan and Denzel Washington. Zwick worked with Washington yet again in The Siege (1998), then directed The Last Samurai (2003), starring Tom Cruise.

     

    In 2006, Ed directed the Oscar-nominated Blood Diamond and followed that up with the 2008 drama Defiance, which also earned an Oscar nomination. Two years later, he helmed Love and Other Drugs.

     

    In 2014, Ed brought the story of American chess prodigy Bobby Fischer to the screen in Pawn Sacrifice. Ed's latest film reunited him with Tom Cruise. The men worked together on Jack Reacher: Never Go Back (2016). Ed was also executive producer of the TV series Nashville from 2016-2018.

     

    As a producer of the 1999 Best Picture winner Shakespeare in Love, Zwick won an Academy Award®. He is also the recipient of the American Film Institute's Franklin J. Schaffner Award, a Lone Star Film & Television Award Best Director award, the Humanitas Award and a Writers Guild of America award.

     

     

    ABOUT ED ZWICK AND HITS, FLOPS AND OTHER ILLUSIONS: My Fortysomething Years in Hollywood

     

    This heartfelt and wry career memoir from the director of Blood Diamond, The Last Samurai, Legends of the Fall, About Last Night, and Glory, creator of the show thirtysomething, and executive producer of My So-Called Life, gives a dishy, behind-the-scenes look at working with some of the biggest names in Hollywood.

     

    "I'll be dropping a few names," Ed Zwick confesses in the introduction to his book. "Over the years I have worked with self-proclaimed masters-of-the-universe, unheralded geniuses, hacks, sociopaths, savants, and saints."

     

    He has encountered these Hollywood types during four decades of directing, producing, and writing projects that have collectively received eighteen Academy Award nominations (seven wins) and sixty-seven Emmy nominations (twenty-two wins). Though there are many factors behind such success, including luck and the contributions of his creative partner Marshall Herskovitz, he's known to have a special talent for bringing out the best in the people he's worked with, especially the actors. In those intense collaborations, he's sought to discover the small pieces of connective tissue, vulnerability, and fellowship that can help an actor realize their character in full.

     

    Talents whom he spotted early include Brad Pitt, Matt Damon, Denzel Washington, Claire Danes, and Jared Leto. Established stars he worked closely with include Leonardo DiCaprio, Anthony Hopkins, Tom Cruise, Julia Roberts, Anne Hathaway, Daniel Craig, Jake Gyllenhaal, Bruce Willis, Demi Moore, and Jennifer Connelly. He also sued Harvey Weinstein over the production of Shakespeare in Love-and won. He shares personal stories about all these people, and more.

     

    Written mostly with love, sometimes with rue, this memoir is also a meditation on working, sprinkled throughout with tips for anyone who has ever imagined writing, directing, or producing for the screen. Fans with an appreciation for the beautiful mysteries-as well as the unsightly, often comic truths-of crafting film and television won't want to miss it.

     

     

     

    Notes:

     

    Seg 1

    Special FX ILM

     

    George Lucas Company, industrial light and magic

     

    Built the company with money made from Star Wars, on Skywalker Ranch

    Revolutionized, special effects, and movies first with Star Wars, then beyond, use of green screen and practical effects with models miniature creatures

     

    Disney bought Lucas film and ILM Studios in 2012

     

    long history for special effects with many famous directors using IM from George Lucas to Ron Howard to Steven Spielberg to James Cameron

     

    Digital effects and computer graphics

    On famous movies like the abyss, Jurassic Park, Star Wars movies, Conan, ET, Star Trek movies, poltergeist, Indiana Jones, movies, back to the future, Spaceballs, ghost, and for October, T2, etc.

     

    TV

    Amazing stories, the Mandalorian, Big Bang theory, Star Trek, the next generation, tales from the crypt

     

     

    Animation Wall E

     

     

    Many famous special effects, people, and even some future directors like Joe Johnson, started at industrial light and magic studios, also much of the cast of MythBusters worked there

     

     

    Eras of Special Effects

    Practical Effects

    Wizard of Oz

    SciFi movies in 1950s

    2001: A Space Odyssey in 1969

    Star Wars in 1977

    ILM Studios of 1980s to 1990s

    T2 in 1991

    Jurassic Park in 1993

    The Matrix in 1999

    Modern Marvel Movies – computer digital effects / green screen movies

     

     

    More on ILM from Wikipedia: HERE

     

     

     

     

    Seg 2

     

    Interview w/ Hollywood Director Ed Zwick

     

    Ed joins the show to promote his Hollywood book on his 40 year career as a writer, producer and director in both movies and TV.

     

     

    Seg 3 & 4

    Did Sci Fi Movies predict the Future? Talking AI, Internet and Choice

     

    Guest: Eric Almassy 

    LinkedIn: HERE

    Eric is a regional sales director, & also a part time Actor

    Eric joins the show to discuss sci-fi movies, and what predictions about the future have come true.

     

     

    Seg 3 - Internet & Choice

     

    The Internet has created a connected world through cyberspace.

     

    Now virtual reality and relationships online exist through dating websites and social media. The irony is people may be less social, as they still have trouble connecting despite more access to technology. An example is people text more than they talk.

     

    The Internet has added new types of addictions, like just staying home and being online all the time, pornography & gaming addictions, where people get lost in virtual world.

     

    The Matrix - virtual reality & the internet

     

    People in the movie choose a fantasy ‘comfortable’ world (blue pill) vs a harsh and tough reality world. They would rather just plug into the Matrix and be in denial.

     

    The problem of choice, as there are consequences with choices in the real world. The Matrix world provides all of your needs.

     

    Matrix in the current modern world, a world where people would not leave their house and just build an entire alternate life online. You can work from home, and get anything you need delivered.

     

    Another movie about tech and internet connection is Minority Report. This is government surveillance to extremes. It also discusses the choices we make, and control of our lives. Freedom vs danger is another theme. All themes that apply in a dangerous modern world.

     

    Totalitarian governments like China are literally spying on their people, through what they search for on the Internet, their social media, and surveillance of cameras

     

    Many western governments use surveillance through drone, satellites, and cameras. Also, sometimes protecting people, and sometimes intruding on their rights.

     

     

     

    Seg 4 - AI Man vs. Machine

     

    Blade Runner - staying human in AI & tech dependent world.

     

    Blade Runner is a movie about androids and what constitutes being a human.

     

    The android characters seem to have more soul than the humans, as the world of Blade Runner is cold and depressing. Androids or AI life forms have been created to do the dirty work, mining, prostitution and fighting wars, then, when not needed they are terminated.

     

    The Terminator - AI and drones

     

    Terminator movie came out in the 1980s and was an allegory about the fear of nuclear war. Will advanced weapons kill everybody? Cyberdyne Systems uses sentient AI machines who take over and build robots who try to exterminate the human race.

     

    The irony is the humans initially created the AI to have more technology and better weapons, and it winds up wiping them out.

     

    Raises questions about - just because we can, should we be building the weapons. With the same themes, as Jurassic Park, Wargames, or any biological type movie, basically science run amok.

     

    Modern armies, have drown and surveillance equipment, and can hunt down people and kill them from a great distance. An operator of a drone could literally be on the other side of the world. The morality of these weapons is an issue today.

     

    People choose technology out of laziness, and often give little thought to how it affects their lives. They do not want to do the task, make it easier.

     

     

    Past AZ TRT Shows on AI:

    Software Delivered AI w/ Brian Stevens of Neural Magic

    AZ TRT S05 EP08 (223) 2-25-2024 

     

    Full Show: HERE

     

     

     

    Artificial Intelligence (AI) – how the Algorithm Connects Us All

    - BRT S02 EP43 (90) 10-24-2021

     

    Full Show: HERE

     

     

    Tech Themed Show: HERE

     

     

    If you enjoyed this show, you may like: 

    BRT Sports:  HERE 

    BRT Hollywood: HERE

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    BRT Business: HERE 

    More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of

     

     

    Thanks for Listening.

    Please Subscribe to the BRT Podcast. 

     

     

    Business Roundtable with Matt Battaglia

    The show where EntrepreneursHigh Level Executives, Business Owners, and Investors come to share insight and ideas about the future of businessBRT 2.0 looks at the new trends in business, and how classic industries are evolving

    Common Topics Discussed: Business, Entrepreneurship, Investing, Stocks, Cannabis, Tech, Blockchain / Crypto, Real Estate, Legal, Sales, Charity, and more… 

    BRT Podcast Home Page: https://brt-show.libsyn.com/

    ‘Best Of’ BRT Podcast: Click Here

    BRT Podcast on Google: Click Here

    BRT Podcast on Spotify: Click Here                   

    More Info: https://www.economicknight.com/podcast-brt-home/

    KFNX Info: https://1100kfnx.com/weekend-featured-shows/

     

    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

     

    Software Delivered AI w/ Brian Stevens of Neural Magic - AZ TRT S05 EP08 (223) 2-25-2024

    Software Delivered AI w/ Brian Stevens of Neural Magic - AZ TRT S05 EP08 (223) 2-25-2024

    Software Delivered AI w/ Brian Stevens of Neural Magic

    AZ TRT S05 EP08 (223) 2-25-2024 

    What We Learned This Week

    • Neural Magic Deepsparse software helps B2B Clients incorporate AI into their tech stack
    • Large Language Learning Models of AI can be costly & require massive computing power
    • Their clients now control their AI Model
    • Opensource AI Foundation Models for training
    • AI uses a Recommendation Model

     

     

     

     

    Guest: Brian Stevens

    Chief Executive Officer of Neural Magic

     

    Brian Stevens is chief executive officer of Neural Magic. A tech veteran with more than 30 years of experience, Brian has a rich history of building/advising high-impact companies and driving disruptions that transform the industry.

     

     

     

     

    In his role at Neural Magic, Brian aims to democratize Generative AI for enterprises and make it more accessible and affordable to all.

     

    In his career, Brian has served in a variety of executive roles at world-renowned companies including VP and CTO of Google Cloud, and CTO and EVP of Worldwide Engineering at Red Hat.

     

    Brian currently serves on the board of directors of Nutanix and Genpact, and is a former member of the board of directors of the American Red Cross, IEEE, OpenStack Foundation, Data Gravity, and Pentaho.

     

    Brian holds a master’s degree in computer systems from Rensselaer Polytechnic Institute and a bachelor’s degree in computer science from the University of New Hampshire. In his personal life, Brian is an accomplished carpenter and woodworker with a passion for refurbishing old homes.

     

     

     

     

    NEURAL MAGIC

     

    https://neuralmagic.com/

     

     

    About: Neural Magic is an AI company, born out of the Massachusetts Institute of Technology (MIT), on a mission to help customers innovate with machine learning, without added complexity or cost. While pursuing research at MIT, founders Nir Shavit and Alexander Matveev launched Neural Magic, a software-delivered AI solution, to address their frustration with the constraints of GPUs and existing hardware.

     

    Using Neural Magic’s DeepSparse Inference Runtime, customers can easily deploy deep learning models on commodity CPUs with GPU-class performance.

     

    For more information, including all of Neural Magic’s offerings, visit https://neuralmagic.com/ or follow @neuralmagic on Twitter, LinkedIn, and YouTube. 

     

    Open Source AI for Business-2024 Is the Year to On Ramp

     

    Brian Stevens, CEO of Neural Magic is at the helm of this growing trillion-dollar industry (proper source)

     

    As enterprises prepare for 2024, the growing demand for AI optimization is top of mind.

     

    Neural Magic is fulfilling that need with software-delivered AI. Enterprises use Neural Magic's runtime and open-source sparsification tools for maximum CPU speedups of NLP (including LLMs) and computer vision models.

     

    “It is my goal to democratize AI using optimized CPUs as the onramp to generative AI, making it faster, affordable and agile for enterprises.” – Brian Stevens, CEO, Neural Magic

     

     

    Neural Magic has created a software architecture for the future of machine learning with an open-source LLM (Large Language Models) approach that enables enterprises to leverage existing commodity hardware (x86 and ARM). The net result demonstrates the power of software and model optimization across different computing platforms to enhance the scalability and efficiency of AI workloads.

     

    Neural Magic was founded in 2017 by MIT professors and research scientists. The company has raised more than $55M from blue chip investors including a recent $35M Series A led by NEA, with participation from Andreessen Horowitz, VMware, Verizon, Amdocs, Comcast, Pillar, and Ridgeline Ventures.

     

    Neural Magic has strategic partnerships with CPU manufacturers like AMD and Intel, cloud providers like AWS and Google Cloud, and software vendors like Red Hat and Ultralytics. These partnerships allow Neural Magic to provide value at all levels of the development lifecycle, from the models themselves down to the silicon.

     

     

     

     

     

     

     

    Notes

     

     

    Seg 2

    AI you’ve been around since the 1950s and retail businesses have been using AI for years now. Wayfair out of Boston has incorporated AI. They understand the shopper experience.

     

    In its simplest form, AI uses the recommendation model - presents back to you similar things you’ve been searching for. If you like this, you’ll like something similar. This is now a very large part of business revenues, while also helping to better the user experience.

     

    There are large language, AI models, which involve more math in the program and need more computing power. Harder to run this larger AI model.

     

    Businesses need an AI division in their tech stack now. Many large companies have an dedicated AI Lab. This is similar to how they had built out a cloud model in the past. Nowadays though, business understand their models need more integrated.

     

    You train an AI model with company data. Lots of data. Seven data set to start using reference material like Internet sites or Wikipedia. It does cost a lot to change this model.

     

    There are options to build on an existing model open source AI programs. What is used now is called a foundational model, and then you train it on your company product catalog.

     

    Seg 3

    Brian‘s background is a computer science degree and software developer. He worked in New England. He’s a technologist, solve the problem in use case for tech product manager.

     

    Worked at Redhat through 2001, and the.com crash. Also worked in open source in Linux platforms. Then was at Google cloud, working onsite in Mountain View, California. This was no remote jobs back in 2014. He was there for 5 years and helped with the company going from $50 mil to $10 bil revenue.

     

    Move back to New England. Connected with a professor from MIT, who had started a company on AI software and Brian joined as CEO.

     

    Company is called Neural Magic, and the website is neuralmagic.com. Deepsparse is their software stack which runs deep AI learning model that you deploy on servers.

     

    They fine-tune the model and adapted it to customer stack. This is for businesses to optimize AI for customers. It is similar to an interface with company software. AI language model that is large needs. Lots of infrastructure.

     

    What neural magic does is? It makes the model faster and more efficient.

     

    Seg 4

    ChatGPT has changed things with AI. AI interface is similar with API codes with response and language size. Need a model that meets needs with a data set that makes the models run more efficiently on lots of hardware.

     

    Neural magics deep sparse is an inference server and training to deploy in production and could be days to train.

     

    There are 3 challenges with AI for businesses.

    First is expensive and enterprise does not control things when they use a hosted model or a hosted service like open AI.

    Second, they have to feed data to the host to train the AI model and there are privacy and security issues.

    Third you have a lifecycle , which must qualify and test the text stack with each time you update.

     

    Neural Magic allows enterprises to own the AI model. Now they have security, privacy and updates are all handled. This is AI on their own terms and gives them options. Full control and it looks like just another application.

     

    Open source AI machine learning model in the cloud and  can work on servers like Oracle, Amazon - AWS, the Google cloud, or Microsoft Azure. Client has liability with software, and they still need to protect it.

     

    More info go to neural magic.com can learn about the product, the marketing as well as the community.

     

     

     

     

    Seg 1 - Clips from:

     

    Artificial Intelligence (AI) – how the Algorithm Connects Us All

    - BRT S02 EP43 (90) 10-24-2021

     

    5 Things We Learned This Week:

    • AI is inter-connected with so many technologies & you use AI often on a daily basis
    • AI is a part of almost all industries from Healthcare, Finance to Defense
    • Human in the Loop - humans will always be needed to Interpret the Data, but AI will assist
    • Software Teams must be managed so the product is integrated properly in the bigger picture
    • Moore’s Law – Each year computing power grows 2x as fast, but cuts the cost in half

     

     

    Naru and his team are working on document management, where their AI program will be able to read documents and determine what the info is. Rising Cloud is another project they are building that manages a company cloud usage to improve costs.

    Moore’s Law – Each year computing power grows 2x as fast, but cuts the cost in half

    Cloud Computing happens in the cloud and internet for your programming vs Edge Computing that happens right on your phone and does not need to go out to the cloud. Bigger the data request or process determines if Cloud or Edge is the best choice.

    People interact with AI (Artificial Intelligence) daily on their phone, email, internet search and beyond. User Agreements in your phone or websites you use say they can take your search data and use it to enhance your experience.

    AI Search uses past searches by you, vs what are the popular other searches by other people on the internet. It happens so fast and has the best / popular search options loading before you are even done typing. This is called a Recommendation Engine, just like Netflix or Amazon find shows or products you may like. These recs are similar to what you have watched or bought previously, or in similar genres.

    The downside is you may not see different options, just more of the same. AI determines what you see daily on the internet, and can create a silo effect. Inventives uses a common solution, called Human in the Loop to review what the AI is doing. Then the searches or recommendations are reviewed to see how accurate they are.  

     

     

    Full Show: HERE

     

     

     

     

     


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    AZ Tech Roundtable 2.0 with Matt Battaglia

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    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

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    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

     

    IT Setup & Cybersecurity w/ Luciano Aguayo of Redgear - AZ TRT S05 EP07 (222) 2-18-2024

    IT Setup & Cybersecurity w/ Luciano Aguayo of Redgear - AZ TRT S05 EP07 (222) 2-18-2024

    IT Setup & Cybersecurity w/ Luciano Aguayo of Redgear

    AZ TRT S05 EP07 (222) 2-18-2024 

    What We Learned This Week

    • RedGear provides turnkey IT solutions for clients. Outsource IT to shift liability
    • IT often an afterthought, when it should be a major priority - lifestyle of tech in a business
    • Data is lifeblood of a company, need security
    • Cybersecurity is just one part, need to monitor physical location, who has access, email, etc

     

    Guest: Luciano Aguayo of Redgear

    https://redgear.com/

     

     

    Luciano Aguayo is a Texas native, and an active member and contributor to the Southwest Technology community. His professional career spans a diverse industry portfolio and has held various titles and certifications at the senior engineering and senior management levels. Luciano specializes in designing and implementing turnkey complex infrastructure solutions.

    For the past 20 years Luciano has designed and implemented numerous infrastructures for regional and local school districts, has a diverse portfolio of local and international businesses, including the federal government, and key Southwest landmarks and attractions. After several years in the private sector and after building a loyal customer base, Luciano launched RedGear in 2016. RedGear is a regional business to business technology solutions company. Since its inception, RedGear has quickly grown to 4 locations, 50+ employees, and recently opened a regional office in Phoenix, Arizona.

    Luciano remains active in the technology industry helping oversee the portfolio of one of Southwest's largest developers. He also is an active member of El Paso Community College ITSC Advisory Committee He also owns and operates El Paso’s newest carrier neutral datacenter. He brings effective and proven leadership and mentoring qualities and has an eye for detail when managing projects. He has a passion for technology, giving back to the community, and mentoring the future generations of Engineers.


    20+ years experience in:
    Cisco CCNP Routing and Switching, Cisco Nexus Datacenter, CCNP Voice, CCDA, Cisco Security, Cisco WLAN, Cisco Unified Communications (VoIP), Citrix CCA, Citrix Xen Desktop, Citrix XenApp, MCSE, MCSA, Operating Systems Troubleshooting, Hardware/Software Troubleshooting, Advanced Windows Server Configuration and Troubleshooting, VM Ware, Enterprise Design, Implementation, solutions, IT Consulting, and much more.

     

    RedGear

    RedGear provides professional technology services, equipment, and consulting in the Southwest US region. Our entire culture is built around supporting business infrastructures, while building relationships and delivering an exceptional customer service experience and always keeping our customers best interest a top priority. We’ve built our success by reputation, quality of work, professionalism, and always being there for clients every step of the way whenever they need us. Our services, certifications, experience, and expertise cover the entire spectrum of Information Technology that no other regional technology service provider can match.

    We manage all aspects of Technology so the customer can focus on running their business.

    Our company vision is based on delivering premier customer service by employing and retaining top talent that believes in our mission, we work hard to provide trusted, honest, immediate, and excellent IT services to every client, no matter how big or small. No more wondering what kind of support you will receive. Our staff is certified in numerous fields, to offer the upmost reliable support. Our experience is vast covering all sizes of organizations and industries.

     

     

    Notes:

    Seg 2

     

    Redgear

     

     

    IT company responsible for security of their clients. IT is a lifestyle. RedGear value proposition is turkey solutions. They are your smart friend to help with tech.

     

    Support IT for small businesses. They also have larger enterprise type clients. They act as a consultant, and can screen for a CTO or a CIO for a company.

     

    IT should be a priority of companies yet, it is often an afterthought. Need to understand how to secure an IT room, not just in software, but also the actual room itself. Who has access?

     

    RedGear works in the tech and security industry which is the backbone of all organizations and compliance. People hire RedGear to outsource and shift liability. IT in its simplest form is anything that you plug into the wall and connect to the Internet. It can also mean security.

     

    Trust of your IT provider, and keeping business contingency. Question, businesses always have to answer is how long can they stay down with an interruption and survive. Plus what is their plan for data retention.

     

    IT can be about network, connections, computers, hardware, and the actual Physical IT room. Can also deal in cyber security and password resets. IT has both software as well as hardware like servers and programming applications.

     

    Luciano has 20+ years of experience working in IT and technology. Information Technology not always the priority of many companies but it really should be. Need a plan going forward to manage security and data in all businesses.

     

    You have to determine what’s going to be your budget based on the size of the business. Not uncommon to outsource to companies like RedGear. Also need to think about the physical aspects of IT, like is your room secure?

     

    What type of energy your BTU air conditioner usage are you using? Who has control, how cool is it. Who has access to the room? What is your electrical circuit set up?

     

    Do you have redundancy? Or electrical circuit separate and dedicated to the IT. What is your data or cloud storage like?

     

     

    Seg 3

     

    IT is the backbone of many organizations and should be a priority.

     

    Need to hire trustworthy people, as well as outsource IT to trustworthy companies. There’s no perfect set up. Unfortunately, security breaches are more question of When, and not if.

     

    One of the worst stories about IT Luciano ever heard of was the janitor storage closet was the same as the IT room. Another issue with a lot of IT rooms is they don’t have good cooling. IT should be a separate room with good security.

     

    You want to also have video security and badge access. Physical access of an IT room is very underrated. Security is the biggest threat to the end-user. You have to know when a breach happens.

     

    How did it happen? It could be software but often it’s actually the employees as a threat. They need to pay attention to what is going on and types of emails they get.

     

    Also, sometimes security breaches are an inside job. Companies need to test and educate their staff about IT.

     

    Once Malware gets in to the system it can take over accounts and send email as the person. Phishing scams unfortunately are still very popular with emails.

     

    Good email security typically will filter out malicious emails. Then you waitlist your contact, so you know who it’s OK to email. All these need to examine emails.

     

     

    Seg 4

     

    IT reviews & monitors compliance, so a company must determine a budget.

     

    Data is the gold of companies now. Data contains the companies processes, industry secrets, and private employee and customer info. It is crucial to have a backup of company data, typically onsite and secured, plus offsite in the cloud. You’ll always want to build in redundancy and have backup servers for data.

     

    Good IT set up will have disaster recovery. As for the physical set up and protecting data, you want to be aware of how your sprinkler system is set up. You always have to guard against disgruntled employees, who could steal or delete company data.

     

    Your IT provider needs to know the industry and have good experience to engineer the proper solution.

     

    RedGear has worked with some top level clients, including the DEA in Washington DC on a federal level. Their cyber security needs to be top-of-the-line.

     

    It is not in common for the average big company to deal with corporate attacks where hackers try to steal data, and then even hold it hostage for ransom.

     

    Common practice nowadays is for a business to have cyber security liability insurance. The application for the insurance will ask about the physical environment and the set up of the IT and data.

     

    The medical industry has updated cyber and HIPAA compliance. It is essential to have good IT, hospitals and any major medical office.

     

    RedGear is your IT smart friends. They will always give you recommendations of good better and best.

     

     

     

     

    Seg 1. – Related IT Clips from:

     

    Phishing, Malware & Cybersecurity - Try Not to Get Pwned

    - BRT S02 EP47 (94) 11-21-2021

     

    What We Learned This Week:

     

    • Have I been Pwned? Means have I been breached / hacked – did someone hack my email or website
    • Phishing – most common type of email threat, like when you receive a strange email with a link – Do Not Open – DELETE (and alert other office staff of the email)
    • Ramsonware – hack your website, or data – hold it hostage for an extortion ‘ransom’ payment
    • Dark Web – where stolen data, & info is being bought & sold
    • VPN Connections – direct and secure

     

    Guests: Vince Matteo, Seven Layer Networks, Inc.

    https://sevenlayers.com/

     

    There are many different types of cyber attacks from a password breach, website hack to email phishing scams. Vince Matteo of Seven Layers (.com) gives advice on what to be on the lookout for, tips for protection, and some reference sites for more info. We discuss Email Phishing scams, spearphishing attack, password breaches, website hacks, data breaches, ramsonware, software and VPNs.

     

    Full Show: HERE

     

     

     

    Cybersecurity, Disruption, Blockchain & Terrorism w Ari Redbord of TRM Labs

    - BRT S02 EP31 (78) 8-1-2021

     

     

    What We Learned This Week

    • Cybersecurity is extremely important industry for national security
    • TRM Labs startup in cyber-security, monitors blockchain
    • OFAC - Gov’t administers economic and trade sanctions
    • Ransomeware – specific breach, takeover of a computer system, holds data hostage
    • Programatic Money Laundering – bad guys create new addresses, create ‘shell’ companies

    Guest: Ari Redbord, Head of Legal and Government Affairs w/ TRM Labs

    https://www.linkedin.com/in/ari-redbord-4054381b4/

    https://www.trmlabs.com/post/trm-labs-appoints-ari-redbord-as-head-of-legal-government-affairs

     

    Ari is formerly a US Attorney, and worked in the Treasury Department, now advises the Government on cybersecurity, and Blockchain.

    Cybersecurity is a fast growing and extremely important industry for national security, and corporate interests. There are Nation States acting as bad players in the cyber realm and targeting the US Government and US business. We discuss the advancements in technology on cyber crime, blockchain, crypto, and online fraud.

    How is the FBI dealing with Ransomware, and other cyber attacks on prime targets like the Colonial Pipeline, or other big corps. What Regulations are coming in banking, and Fintech, with KYC (Know Your Customer), plus the big banks like JP Morgan Chase and Goldman are on board. 

    What the blockchain ledger can help solve in security, to monitor criminal activity in real time with the help of crypto exchanges like Coinbase.  Lastly, what TRM Labs does for clients, how they advise, operate, and who they work with.

     

     

    Notes:

    TRM Labs – blockchain security biz, works with law enforcement and businesses. Financial exchanges and Regulators. Monitor cyber-security - TRM – startup, 3 yrs old, Ari joined 2021. Monitor risk in crypto currency.

     

     

    Full Show: HERE

     

     




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    AZ Tech Roundtable 2.0 with Matt Battaglia

    The show where EntrepreneursTop Executives, Founders, and Investors come to share insights about the future of business

    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

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    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

    Risky Business in Rising China w/ Mark Atkeson - AZ TRT S05 EP06 (221) 2-11-2024

    Risky Business in Rising China w/ Mark Atkeson  - AZ TRT S05 EP06 (221) 2-11-2024

     

    Risky Business in Rising China w/ Mark Atkeson

    AZ TRT S05 EP06 (221) 2-11-2024 

    What We Learned This Week

    • Mark worked in many industries in China - Aircrafts, EV Cars, Mobile Phones, Internet Co. & Aircraft Parts
    • Mark first worked in Japan w/ Sony, China must be careful, not to repeat Japan‘s Lost Decade of 1990s
    • China has a lots of investment in EV Car & Solar Market
    • US v China Rivalry is not dying down, two most important Tech countries, who must learn to co-exist

     

    Guest: Mark Atkeson

     

    Mark Atkeson is an international business leader, investor, entrepreneur, and author. A foremost expert on doing business in China, Mark managed, partnered in or provided services to Chinese-based companies for more than three decades in industries ranging from machine tools to aircraft engines, automotive manufacturing, mobile technology, startup venture investing, and aviation asset trading. Most recently, Mark wrote and released Risky Business in Rising China: Deals, Ordeals and Lessons Learned as an American Entrepreneur in a Surging Superpower Grappling with Growing Pains, chronicling his real-life experiences managing joint ventures and startup companies in China. 

     

     

     

     

    Now living in California, Mark continues participating in the Chinese economy as founder and managing partner of China Aviation Partners LLC, which provides software services, market research and other consulting for China-related businesses. Mark is a graduate of Yale University and the Massachusetts Institute of Technology with master’s degrees in Electrical Engineering and Business Administration.

     

    For more than 30 years, American entrepreneur Mark Atkeson found himself in the trenches of the Chinese economy managing joint ventures and startup companies.

     

    His new memoir, RISKY BUSINESS IN RISING CHINA: Deals, Ordeals and Lessons Learned as an American Entrepreneur in a Surging Superpower Grappling with Growing Pains, chronicles Atkeson’s real-life experiences as the world’s most populous nation transformed itself into a global economic and military superpower.

     

    Over his three-decade career, Atkeson worked across a variety of industries ranging from aircraft maintenance to electric-vehicle production, mobile internet to venture capital. In addition to Atkeson’s behind-the-scenes business dealings with entrepreneurs and government officials, the book offers an unprecedented glimpse into Chinese society, its economy and its governance into the near and distant future.

     

    RISKY BUSINESS IN RISING CHINA has received high praise from readers.

     

    Here’s what people are saying:

     

    “Atkeson is a talented storyteller whose diverse and adventurous China business career winds along the path of China’s progress and setbacks.” – James McGregor, American author, journalist and businessman, and three-decade resident of China

     

    “Mark Atkeson's China business memoir recounts his peripatetic career from the early days of the Open Door Policy to the Modern China of 2023 in an honest, humorous and detailed way. This book will be valuable for anyone seeking to understand the often messy ‘inside story’ of China's rise in the late 20th Century, and the role that foreign managers and investors played in the process.” – David G. Brooks, former chairman, Coca-Cola Greater China and Korea

     

    “If you want to understand today’s China, and the forces changing it, you need to read Atkeson’s book.” – John Clasen, former director of China business development, Magellan Aviation Group

     

     

     

    Notes:

     

    Seg 1

     

    Marc worked in China from the late 1980s to just after 2010. He saw the country go through their reform phase, and then capitalist rise. For nearly 20 years the political ideology took a backseat to market forces. An astounding 800 million people came out of poverty.

     

    Mark worked with lots of companies in his career, dealing in venture capital, mobile phones, Internet, companies, EV cars, machines, and aircraft.

     

    China is the 2nd most advanced nation in the world in technology, behind the US. Chinese Internet company TikTok is just one example of the Chinese advancement in AI and tech.

     

    Products that people use on an average day usually have some connection to China, like manufacturing. Giant US corporations like Walmart, Amazon and Apple are all very dependent on China. China is the 2nd largest economy in the world.

     

    The modernization of China was like a tidal wave from the 1970s to the early 2000s a 30+ year run. It seems though that in 2023 we’ve seen the crust of the wave with China slowing down. GDP in China is no longer 10% a year but more like 2 to 5%. Both property and consumer sales are down.

     

    China has a middle class of 400 million people and most of their net worth is in their real estate. Real estate has been down in China the last few years, so millions of people have taken a hit.

     

    Mark worked in Japan for Sony Corp. from 1988 to 1989. Japan in the 1980s was the rising superpower to challenge the US. It was number 1 in growth. Then in 1990, the dual economic bubble burst (stock mkt & real estate) in Japan and they entered their lost decade.

     

    It took 30 years for the real estate in stock market to get back to the 1989 levels. China may be facing some of the similar problems of Japan, dealing with too much growth, leverage, debt, and possibly demographics. China will need decades to de-leverage from their current debt situation.

     

     

     

    Seg 2

     

    Mark’s grandfather was stationed in China in the late 1930s. This was during the start of the conflict with Japan and pre-World War II. Mark‘s father worked in Far East banking circa 1970s – 19080s.

     

    Mark actually took Chinese in college. In 1982 he took his first trip to China. He remembers the country being poor with small buildings and very few cars. During the 1980s foreign businesses were investing more in China.

     

    In the early 1990s, Mark got his first job in China working the aircraft industry. They were maintaining airplanes for a Chinese airline. Regulations were lax and implementation was lacking. He ran a factory in China in the Szechuan province.

     

    They installed the Toyota production system, for more efficiency, collaboration, built and grew the factory. Factory dealt with diesel and fuel.

     

    Unfortunately, corruption and theft mafia style was very common. Example of the corruption was the sales force would take bribes. This was a state owned auto group and corruption. Scams were not uncommon in the business world in communist type countries.

     

     

    Seg 3

     

    In 2001, Mark got involved in a venture capital company. He was being replaced by the local population and younger managers to run the factories he had built up. He decided it was time to transition to a new industry.

     

    Him and some partners created an investment fund. They were investing in products in mobile tech and the Internet. He could see the upcoming Internet business on phones which were very popular in China.

     

    Consumer products like payments, info services and entertainment. The idea was to build an incubator - set up to invest in Chinese entrepreneurs. Then raise Series A funding and strategic buyers over the long term for an exit.

     

    They were paying 8 Chinese engineers for 12 months in an angel investing deal for just $100,000. It was a Portfolio of 10 businesses, involved in things like gaming and payments.

     

    Result: 8 out of 10 of the businesses return 0%, 1 did OK, and 1 was a home run. The home run company made a deal with China mobile for an exit and sale to a NASDAQ listed company in 2007.

     

    After that he represented US companies that acquired Chinese Internet businesses and Mark was a liaison to the US company in China.

     

    Mark actually worked in Internet entertainment. They put on a singing contest which acquired 800 million votes from audiences with cell phone text voting. At the time, this was a major example of democracy - voting through Phone. This was regulated out of existence.

     

     

     

    Seg 4

     

    BYD EV car company was a mobile phone company and supplied to Apple. China makes good low-cost cars and has a lot of electric vehicle development. In 2008 Tesla was building electric vehicles, when oil was priced at $140 a barrel.

     

    Circle back to US with US engineers going to China to build the EV cars. Design was localized in China. EV cars has 3 challenges – tech, then US safety requirements, then fit & finish of the car. Produce cars in China and then sell in California.

     

    2012 was the end of the road for Mark working in China. He was working in Hong Kong with an AR financing leasing and appraisals type airline business. They would buy an old A23 or A3 aircraft, disassemble and sell the parts.

     

    It was like a high-end junkyard business. These were Chinese aircraft models. Mark connected with a company in Florida, who had a business partner in Air China. They moved on to buy 747 and disassemble them in the Chinese Beijing airport. Now Mark’ career came full circle in Aircrafts, with salvaging aircraft 20 years later.

     

    What is the future of China?

    US v China rivalry not dying down. They are the two most important tech innovators on AI batteries and solar and must figure out how to coexist. Tesla makes more cars in China versus the US. They have a big factory in Shanghai. Apple outsources to China in their supply chain.

     

    Chinese economy has slowed from 10% growth per year to 3%. China may not be 10 feet anymore but it’s still 6 foot four.

     

    The Chinese private economy and services could ultimately come to the US. BYD EV car company as an example, that could become the face of a Chinese company in the US.

     

    BYD US - https://www.byd.com/us

     

     

    Business Topic: HERE

     

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    AZ Tech Roundtable 2.0 with Matt Battaglia

    The show where EntrepreneursTop Executives, Founders, and Investors come to share insights about the future of business

    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

    Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… 

     

    AZ TRT Podcast Home Page: http://aztrtshow.com/

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    More Info: https://www.economicknight.com/azpodcast/

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    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

     

    AZ Tech Roundtable 2.0
    en-usFebruary 15, 2024

    EV Charging at Home w/ Broc TenHouten of Intrinsic Power - AZ TRT S05 EP05 (220) 2-4-2024

    EV Charging at Home w/ Broc TenHouten of Intrinsic Power - AZ TRT S05 EP05 (220) 2-4-2024

    EV Charging at Home w/ Broc TenHouten of Intrinsic Power

    AZ TRT S05 EP05 (220) 2-4-2024 

    What We Learned This Week

    • Intrinsic Power - Next Gen EV Charger
    • EV Charging in your home will be standard
    • Electrical Panel upgrade to handle new tech
    • Electric Grid not prepared for consumer demand & EV charging needs
    • EV Infrastructure for charging stations as EV Cars w/ longer range are the Future

     

    Guest: Broc TenHouten of Intrinsic Power

    https://www.linkedin.com/in/tenhouten/

    https://www.linkedin.com/company/intrinsic-power-inc/

    https://www.intrinsicpower.com/

     

     

     

    Broc TenHouten, Co-founder and CEO, Intrinsic Power, Inc.

    Broc is an experienced technical leader with a general management background in the commercialization of EV technology. Broc was COO and chief engineer of Divergent 3D, developer of the 3D-printed 21C hybrid hypercar. He served as director of technology development at EnerSys Advanced Systems and led the engineering and industrialization of multiple electric vehicle and energy storage companies. 

     

    Broc began his career at General Motors, where he held various positions in vehicle development. Broc has more than 50 vehicle technology patents issued or in process.  He holds an MBA from the University of Michigan-Ross and a BS in Mechanical Engineering from UC Berkeley.

     

     

    Intrinsic’s innovation has positioned the company to become the leader in distributed energy management–and one to watch.

     

    ·                     The compact Intrinsic Power charger is more powerful than the competition, 11kW charging reduces charging time by up to 830%. Perfectly optimized for your current electric vehicle, and your next one

    ·                     Web and mobile apps allow you to review charger use and syncronise useage across a portfolio of charging stations

    ·                     Advanced connectivity enables real-time information and grid demand response, helping to avoid local power outages

    ·                     Machine learning enables automatic time of use management, continuously optimizing to lower power bills over time

     

     

    HISTORY

    Intrinsic Power was founded in 2015, as a Los Angeles based internally-funded startup dedicated to delivering better EV charging solutions. Today Intrinsic is conducting field demonstrations, collecting data in preparation for mass production.

    TEAM

    Managed and staffed by a team of technical leaders in the EV space. The Intrinsic Power team is dedicated to improving residential charging though a combination of improved hardware and machine learning based algorithms for better charging performance.

     

     

    Notes:

    Seg 2

     

    Broc has 15 years working in the EV car industry. In 2015, Broc and his brother were working out a plan to start a company. They realized the electric grid was not prepared for EV charging needs at home.

     

    Their goal was to build the next generation EV charger, which got a patent in 2020.

     

    2022 of the electric grid saw a year over year growth of 12% energy usage. There is a need to change the net meter storage of energy used through solar and battery storage.

     

    Currently there are many consumer incentives for installing more clean energy type devices. EV cars at home need to share the breaker and most homes do not have the proper amps to charge car.

     

    The way new homes are built, they have larger panels and are EV capable. Current legacy homes cannot support EVs. Can get rebates to install a new electrical system.

     

    The current available power house would use 1 kW power per day. EV cars though use 11 kW. The transformers on the current grid are not ready for this. EV charge time, with 100 kW battery would take 10 hours.

     

    Intrinsic power works with the panel and other devices in your home to take into account usage of the vehicle charging. This is done through a Wi-Fi connector between your charger and the house.

     

    Seg 3

    Intrinsic power expects to deliver their charging units to channel partners in Q2 of 2024. It’s taken 2 1/2 years to build and test their product in Los Angeles.

     

    There is a standard charging plug for EVs (see below), and if different, there are adapters.

     

    NACS – North American Charging Standard

     

    The North American Charging Standard (NACS), currently being standardized as SAE J3400 and also known as the Tesla charging standard, is an electric vehicle (EV) charging connector system developed by Tesla, Inc. It has been used on all North American market Tesla vehicles since 2021 and was opened for use to other manufacturers in November 2022. Between May and December 2023, many other vehicle manufacturers have announced that starting from 2025, their electric vehicles in North America will be equipped with the NACS charge port. Several electric vehicle charging network operators and equipment manufacturers have also announced plans to add NACS connectors.

     

     

    See More: HERE

     

    Rate plans and usage need uniform regulations between states, which is the direction the process is going – similar rules in California, Arizona, & Texas where Intrinsic is doing business.

     

    EV charger for the smart that has been tested with multiple types of vehicles. EV batteries are becoming more efficient in the energy capacity and will have 2x growth in next 7 years.

     

    There are some range issues - where some EV‘s get less than 200 miles, but this is becoming less of an issue. The next 7 years, EVs will be more efficient with energy, have a smaller battery and could travel as much as 400 to 500 miles on a charge.

     

    Projected Market for EV chargers is $16 billion, with $6 billion in the US residential charging market. There are also destination charging stations, a growing industry. Most people want to charge at home and over time the charging rates will drop.

     

    Obviously traditional energy methods like ooil and gas will be reduced in the next 10 years, as demand drops.

     

    Seg 4

     

    Oil companies are actually investing in charging companies, and charging stations to diversify operations.

     

    Intrinsic Power is concerned with charging your EV car at your home. They expect homes to be all electric in the future with battery packs and distributed solar. This will even take over traditional natural gas type products like lawnmowers which will also go electric.

     

    Electric Grid saw the EV wave coming. A California Report in 2018 estimated the growth of the EV industry. New technologies coming for EV at home. Solar will help the grid long term, but not that efficient in the near term.  

     

    Only 4% of homes have solar and this needs to be pushed up to 30%. There are still issues with energy storage on solar.

     

    There is a need to improve the fluctuated use of the energy with time shifts when needed. Most EV car owners must charge at night. There are currently many regulations and standardization of home electric and EV charging.

     

    It’s expensive with EV charging at home now, but in the future they’ll be one electrical panel on the backend. Need a 40 Amp panel to charge a EV Car.

     

    Intrinsic Power works with home builders and solar installers. Keep the installation & maintenance cost down.

     

    Investors include: Plug and Play, Hatcher +,

     

    Building the CR50 Charging Station for homes:

    https://www.intrinsicpower.com/product.html

     

    Related Notes:

     

    BRIDGING THE ELECTRIC INFRASTRUCTURE GAP - ENABLING THE FUTURE OF ELECTRIC VEHICLES - HERE

     

    Full Charge: The Economics of Building a National EV Charging Network

     

     

    California Reaches 7.84% EV Market Share for 2018; US Hits 1.97% 

    2018 was the best year in history for sales of electric vehicles in the US with a total of 328,118 BEVs and PHEVs and an increase of 74.5% over 2017 (187,985), according to data from the Auto Alliance and IHS Markit. (Note: These numbers differ somewhat from the sales numbers from the InsideEVs Sales Scorecard that we have based 2018 data on previously.)

    Sales of BEVs in the US reached 203,625 units, an increase of 112% over 2017’s 96,261 units. For the first time in the US, BEVs and PHEVs (328,118) outsold regular hybrids (323,912) in 2018. Hybrids had lowest sales in the US since 2011. Sales of fuel cell vehicles declined slightly to 1,735 from 1,862 in 2017.

    From 3/2019 - Article Link: HERE

     

    Electric Vehicle Charging Infrastructure Assessment - AB 2127

     

    AB 2127 (2018) requires the California Energy Commission to biennially assess the electric vehicle charging infrastructure needed to meet the state’s goals of putting at least 5 million zero-emission vehicles on California roads by 2030 and reducing greenhouse gas emissions to 40% below 1990 levels by 2030.

     

    Report: HERE

     

     

    Seg 1. – Related Energy Clips from:

     

    Kenmore is Home Electricity Made Easy - Modernize the Smart Home from Appliances to the Electric Grid w/ CEO Sri Solur

    - BRT S04 EP19 (181) 5-7-2023  

     

     

    What We Learned This Week

    ·         Kenmore is home electricity made easy.  Kenmore is on a mission to modernize the home. Live More & Live Better. Also need to make it Affordable.

    ·         Clean Tech goes w/ the smart home, smart appliances (that connect to the home) and the electrical power grid for better living 

    ·         Electrical Grid needs to be modernized – cannot handle the current & future power demands

    ·         Homes built Pre-1990 run on Electric Panels that are outdated – costs of $40K + to modernize to handle charging EVs at home

    ·         Design of the Future House would have a Battery in it that could recharge your appliances and electronics during down hours.

    ·         Solving problems in electricity and energy also have the same issues with working on better water and clean food. It is more than just an energy and electric issue.

     

    Guest: Sri Solur, CEO, Kenmore / Brands 

    https://www.linkedin.com/in/solur

    https://www.kenmore.com/

     

    Sri Solur, CEO, Brands 

    Sri Solur is chief executive officer of brands for Kenmore at Transformco. An industry veteran with 25+ years of experience, Sri has a rich history of success leading high tech products and businesses. He previously served as CPO and GM at Berkshire Grey, a leader in industrial robotics, and was a member of the leadership team that took the company public. Sri also served as CPO at SharkNinja, and was instrumental in bringing the Shark IQ Robot vacuum and NinjaFoodi products to market, while also holding a leadership role to take the company public. Sri spent 20 years at Hewlett Packard, serving as founder and CPO of CloudPrint, the company’s wearables and IOT business. In his career, Sri has created products for world-renowned brands including Hugo Boss, Movado, Ferrari, Juicy Couture, and more. Sri holds a bachelor’s degree in Engineering from NIT and an MBA from Boston University.

     

    Full Show: HERE

     

     

    Clean Energy & the State of AZ Tech in 2022 w/ Steve Zylstra of the AZ Tech Council - BRT S03 EP55 (154) 10-30-2022

     

    What We Learned This Week

    • Chips & Science Act is good for Semiconductors & the U.S. Supply Chain
    • Clean Energy - many Tech Co's working on zero emission plan
    • Semiconductor – big Tech Co’s building plants in AZ
    • Nuclear Power tech is vastly improved & viable in the future

     

    Guest: Steve Zylstra, President / CEO AZ Tech Council

    https://www.aztechcouncil.org/

    https://www.aztechcouncil.org/kfnx_july2021/

     

    Steve Zylstra of AZ Tech Council joins BRT to talk all things technology in the Valley. The Arizona Technology Council is one of the largest technology-driven trade associations in North America, with over 850 members and growing, the only organization specifically serving technology companies statewide. They protect innovators and truly believe that technology moves all of us forward; and are dedicated to the future of Arizona.

     

    Steve Zylstra advocates for AZ tech, as well as his recurring writing about the industry. Steve, and the Council are a major source for updates on technology, business growth, and what legislation is being drafted.

    We talk about AZ as a great technology hub in the U.S., and how it compares to Silicon Valley, Boston, etc. Also the Future tech Co’s moving to the valley, influx of people moving to the valley from CA, NY, etc.

    How high tech jobs help the valley, and surrounding business plus VC and Angel Investing. The importance of semiconductors and Aerospace, two of the most prominent industries in AZ.

     

    Full Show: HERE

     

     




    Best of Biotech from AZ Bio & Life Sciences to Jellatech
    : HERE

     

    Biotech Shows: HERE

     

    AZ Tech Council Shows: 

    https://brt-show.libsyn.com/size/5/?search=az+tech+council

    *Includes Best of AZ Tech Council show from 2/12/2023

       

    ‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

     

     

    Thanks for Listening.

    Please Subscribe to the BRT Podcast.

     

     

    AZ Tech Roundtable 2.0 with Matt Battaglia

    The show where EntrepreneursTop Executives, Founders, and Investors come to share insights about the future of business

    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

    Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… 

     

    AZ TRT Podcast Home Page: http://aztrtshow.com/

    ‘Best Of’ AZ TRT Podcast: Click Here

    Podcast on Google: Click Here

    Podcast on Spotify: Click Here                   

    More Info: https://www.economicknight.com/azpodcast/

    KFNX Info: https://1100kfnx.com/weekend-featured-shows/

     

     

    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

    Angel Investing Revisited - Arizona Tech Investors w/ Bob DeLean - AZ TRT S05 EP04 (219) 1-28-2024

    Angel Investing Revisited  - Arizona Tech Investors w/ Bob DeLean - AZ TRT S05 EP04 (219) 1-28-2024

    Angel Investing Revisited

    Clips from - Arizona Tech Investors w/ Bob DeLean (from 11/2023)

    AZ TRT S05 EP04 (219) 1-28-2024

    What We Learned This Week

    • ATI - Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona
    • Applicants for Funding need to Answer many Q’s
    • What Problem does your Product Solve? Who is your Competition? How Big is the Market? Who are Your Advisors? What is the Business Plan? Sales Plan?
    • Building a Company takes longer than you think, & costs more $ than you expect

     

    Guest: Bob DeLean, Executive Director of Arizona Tech Investors

    LKIN: HERE

    https://arizonatechinvestors.com/about-us/leadership/

     

     

    Bob DeLean has been an investor with ATI for more than 11 years and currently serves as the organization’s Chairman. He spent eight years as a Senior Equity Analyst with Morgan Keegan & Co., Inc., a wealth management and capital market firm. It’s now part of Raymond James Financial Inc. Since moving back to Arizona in 2004, Bob has made 28 angel investments in early-stage and startup companies, the majority being based in Arizona. Bob is an outdoors enthusiast who enjoys road trips and spending time in nature.

    In the summer of 2022, he and his life-partner Maria took a five-week driving trip through various National Parks, including Arches, Grand Tetons, Yellowstone, and Glacier National Park. They love wildlife and were fortunate enough to see a handful of black bears during the trip. Locally, Bob enjoys hiking through the Phoenix Mountain Preserve and seeing the occasional rogue coyote. He is also an avid mountain biker, but it never feels like he gets out enough. Bob loves to read (although the nightstand book pile is always growing), and is an expert coin collector.

     

    Arizona Tech Investors (ATI) was founded in 2007 by Arizona-based investors committed to supporting capital needs of early stage high growth technology driven companies within Arizona and neighboring states. ATI members have invested in over 90 companies, and, today, is comprised of over 100 men and women dedicating their time, knowledge, and resources to deliver the advantages that angel support can provide.

    ATI seeks opportunities where new capital can move young businesses to the next level of growth and success. To maximize the probability of a successful company, ATI goes beyond just making investments. Members also participate in support of portfolio companies through advisory roles, strategic guidance, as well as resource and partner referrals and more. Members of ATI invest individually, collectively through dedicated LLCs, and through sidecar, or pooled investment funds allowing for best alignments of investor objectives and portfolio company needs.

     

    What advice do you have for founders or companies looking for funding?

    Clearly communicate your business plan. It’s surprising how many pitches we receive that fall flat simply because we can’t decipher “what” the business actually does. Explain the business to me as if I'm four years old…especially if your organization is a highly technical product/service. You might be an astrophysicist with incredible accolades in your field, however I am not.

    During the pitch, the questions you receive from the group will illuminate how well your audience understands your field. And, your answers will allow you to dive deep into your area of expertise when appropriate.

    Second, understand what investors are looking for.

    • What problem are you solving?
    • Is it a real problem?
    • Yes, you think you have a better solution, but can you really convince others that are going to risk their own capital that it's better?
    • Do you really understand your competition?
    • How big is the market?
    • How much of your personal money is in the company? (This gives investors an idea of your walk-away pain.)

    Wait, you want me to fund your dreams, but you have no personal stake in the business? Yes, every company has sweat-equity, many of us want to see your own hard-earned cash invested in the business as well.

     

     

    Clips from the Full show -

     

    Arizona Tech Investors w/ Bob DeLean

    AZ TRT S04 EP46 (209) 11-19-2023

     

     

    Full Show from 11/2023: HERE

     

     

     

     

    Notes:

     

     

    You want to see what the coachability is of the founder. Are the investors messages resonating. You don’t want the company staff to have group think. What is their business plan over the short and long term?

     

    Do you understand your product? Is the business a product or just an add on feature. You must do market research to really understand your competition.

     

    When the founder believes they have no competition, they usually have two possible types and just don’t realize it. The first type is they just don’t even know who their competition is. The second type is their market may be too small so other businesses are not interested.

     

    You have to understand the size of the market or the TAM - total addressable market. There’s also the sales attainable market or SAM.

     

    If the market is too big then the founder needs to niche down with who they’re going to market their product to. Create an initial vertical. You cannot have the shotgun approach and think everybody is your customer. Need to focus.

     

    When an investor writes a company a check, now they are partners, and the investor may even want a seat on the board.

     

    Arizona Tech Investors does not invest too much in VC deals as you have limited control and are just along for the ride. They typically invest only in Angel only type deals. VC’s care about their limited partners, and the people with the most money in. They don’t usually care too much about the GPs or general partners.

     

     

     

     

    All deals in business always take twice as long as you think, and cost two times as much money or capital.

     

    A tech company over the long term, if they need a larger raise they’re probably going to bring in a VC to invest money. In this instance they may cash out the early angel investors.

     

    Software businesses are very good businesses in the tech industry. Good opportunities with high margins. They tend to be very capital efficient and scalable.

     

    Software businesses can create recurring revenue on an annual basis, or ARR. Valuations tend to be higher, not only because of the product but also because of the data they collect.

     

    Understanding valuations are very important, and typically a valuation of the business is based on a multiple of cash flow. In the current environment the cost of capital is up, interest rates are up and it is tougher to raise money.

     

    The current valuations for technology companies need to reflect what the market is. What’s actually going on or down rounds where there is a cut in valuations. It’s very competitive to raise money.

     

    When the founder borrows money whether it’s from VCA or a bank they are the partner. This can lead to CEO turnover if the investors are not happy.

     

    Angel investors want to be out of a deal in five years are not looking for a company to go public or an IPO. It takes a long time for a company to go public and that’s not what Angel investors want to hear.

     

    Public companies that file a 10 K or liquid and you can buy the stock or sell the stock within the same week. Angel investors invest in deals in the early stage and typically the money is illiquid and tied up for a long time.

     

    Founders also need to understand how important their product is and what type of IP or moat that you have. Typically a patent is not going to protect your IP.

     

    Arizona Tech Investors have a series of screening questions for Founders looking for money. Sample questions are:

     

    What is the problem?

    And what is your solution?

    What is the commercial viability of your product?

    What’s the sales cycle to town to sell your product?

    What is your cash burn rate? Cash flow?

    What is your go to market plan?

    Who is your competition?

    What is your market series?

    What is your competitive position?

    What is your management team?

     

     

     

    Tech Topic: https://brt-show.libsyn.com/category/Tech

     

    Business Topic: HERE

     

    Investing Topic: https://brt-show.libsyn.com/category/investing

    More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of

     

     

     

    More - BRT Best of Tech:

    Best of AZ Tech Council

    BRT of Tech 2022

    BRT S02 EP52 (99) 12-26-2021 – Tech for the Holidays – BRT 

     

     

    Best of Biotech from AZ Bio & Life Sciences to Jellatech: HERE

     

    Biotech Shows: HERE

     

    AZ Tech Council Shows: 

    https://brt-show.libsyn.com/size/5/?search=az+tech+council

    *Includes Best of AZ Tech Council show from 2/12/2023

      

     

    ‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

     

      

    Thanks for Listening.

    Please Subscribe to the BRT Podcast.

     

     

    AZ Tech Roundtable 2.0 with Matt Battaglia

    The show where EntrepreneursTop Executives, Founders, and Investors come to share insights about the future of business

    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

    Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… 

     

    AZ TRT Podcast Home Page: http://aztrtshow.com/

    ‘Best Of’ AZ TRT Podcast: Click Here

    Podcast on Google: Click Here

    Podcast on Spotify: Click Here                   

    More Info: https://www.economicknight.com/azpodcast/

    KFNX Info: https://1100kfnx.com/weekend-featured-shows/

     

    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

     

    AZ Tech Roundtable 2.0
    en-usFebruary 02, 2024

    Magnificent 7 & Tech Stocks – Wealth for Life - AZ TRT S05 EP03 (218) 1-21-2024

    Magnificent 7 & Tech Stocks – Wealth for Life - AZ TRT S05 EP03 (218) 1-21-2024

    Magnificent 7 & Tech Stocks – Wealth for Life

    AZ TRT S05 EP03 (218) 1-21-2024

     

    What We Learned This Week:

    • Magnificent 7 - new hottest tech stocks all should own: FB, APPL, AMZN, NVDA, TSLA, MSFT, GOOG
    • FAANG Stocks - *past hot list: FB, Apple, Amazon, Netflix & Google
    • Top Tech Stocks were 30% of the S&P Index Weighted Average
    • Tech Stocks - AI, Cloud, Chips
    • Zombie Co‘s - too much debt service, no growth
    • Interest Rates - how this affects stock prices

     

    Co-Host: Denver NowiczPresident - Wealth For Life

     

    https://wealthforlife.net/brt/

    https://twitter.com/denvernowicz 

    Denver is an advisor with nearly 20 years experience working with clients in investments and insurance, designing retirement plans with a combo of both. He takes us through different strategies for clients to get the best allocations for their money over the long term. It is the Combo Strategy of both Offense and Defense, the synergy of the mix, not ‘All or Nothing’.

     

     

     

     

    Notes:

    Here are some reference notes for the topics about the market being discussed in this podcast.

     

    Indexes – over the last year

    Dow - 38K, up from 33K Jan. 2023 – up 12%

    S&P - 4900, up from 4000 Jan. 2023 – up 18%+

    NASDAQ – 17.5K, up from 11.9K Jan. 2023 – up 30%+

     

     

    Top 25 Components by Market Cap by Investopedia

    Because the exact weightings of the top 25 components are not available from S&P directly, the weightings below are from the SPDR S&P 500 Trust ETF (SPY). SPY is the oldest exchange-traded fund (ETF) that tracks the S&P 500 and holds $406.6 billion in assets under management (AUM) as of Sept. 20, 2023, and is highly traded.9

    As a result, the SPY's portfolio weightings provide a good proxy for investing in the underlying S&P 500 index, although the two may not be exactly the same. As of Sept. 21, 2023, the following are the 25 largest S&P 500 index constituents by weight:

    Top10 = est. 30% of S&P

    1. Apple (AAPL): 7.05%
    2. Microsoft (MSFT): 6.54%
    3. Amazon (AMZN): 3.24%
    4. NVIDIA (NVDA): 2.79%
    5. Alphabet Class A (GOOGL): 2.13%
    6. Tesla (TSLA): 1.95%
    7. Alphabet Class C (GOOG): 1.83%
    8. Berkshire Hathaway (BRK.B): 1.83%
    9. Meta (META), formerly Facebook, Class A: 1.81%
    10. UnitedHealth Group (UNH): 1.28%

     

    Magnificent Seven Stocks Performance – from Investors.com

    Company Name

    Symbol

    2023 YTD Performance

    Alphabet

    (GOOGL)

    +50%

    Amazon

    (AMZN)

    +79%

    Apple

    (AAPL)

    +52%

    Meta Platforms

    (META)

    +178%

    Microsoft

    (MSFT)

    +55%

    Nvidia

    (NVDA)

    +235%

    Tesla

    (TSLA)

    +106%

    Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. The Magnificent Seven stocks are among the best stocks to buy and watch in the stock market today.s Ali Coram Justin Niel

    Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes.

     

     

    What are FAANG Stocks? – from Corporate Finance Institute

    FAANG stocks are the publicly traded stocks of U.S. technology giants Facebook, Amazon, Apple, Netflix, and Google. They are among the best-performing technology and most well-known companies in the world.

    Currently, the combined market value of FAANG exceeds $3 trillion. It accounts for almost 10% of the U.S. stock market’s total market capitalization of $31 trillion. The price movement of FAANG stocks impacts the entire market, affecting even investors who do not own FAANG stocks.

    All the companies are traded on the NASDAQ Stock Market. In addition, the FAANG stocks are part of the S&P 500 Index, which includes the 500 largest publicly-traded companies by market capitalization traded on the NYSE or NASDAQ.

     

    Tech Stock examples by field –

     

    AI Stocks

    Nvidia - NVDA

    Cisco - CSCO

    Arista Networks - ANET

    Google - GOOG

    Microsoft - MFST

    Amazon - AMZN

    Cloudfare NET

    Broadcom - AVGO

    Palantir - PLTR

     

     

    Chip – Semi Stocks (from money.usnes.com)

    SEMICONDUCTOR STOCK

    IMPLIED UPSIDE AS OF JAN. 9 CLOSING PRICE

    NXP Semiconductors NV (NXPI)

    22.8%

    Qualcomm Inc. (QCOM)

    14.4%

    Monolithic Power Systems Inc. (MPWR)

    26.3%

    Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)

    9.9%

    Nvidia Corp. (NVDA)

    21.7%

    ON Semiconductor Corp. (ON)

    42.8%

    Advanced Micro Devices Inc. (AMD)

    8.5%

     

     

    Cybersecurity Stocks - via Investors.com

    HACK – ETF of Cybersecurity Stocks

    Crowdstrike - CRWD

    Palo Alto - PANW

    Fortinet - FTNT

    Zscaler - ZS

    Checkpoint - CHKP

    Cisco - CSCO

     

    More from Investors.com: HERE

     

     

    'Zombie' Companies already make up 11.5% of U.S. listed stocks

    Provided by Morningstart via Dow Jones

    Oct 31, 2023  By Joy Wiltermuth

     

    Investors should brace for more bankruptcies

    About 11.5% of listed U.S. stocks already belong to a large network of "zombie" companies that have consistently earned less than they owe in interest costs, according to a tally from Glenmede.

    While that might not sound ideal, higher bond yields or a recession could make a potentially ugly situation for investors even worse.

    "The combination of rising borrowing costs and heightened recession risks could begin to tip zombie companies into bankruptcy," a team led by Jason Pride, chief of investment strategy and research at Glenmede, wrote in a Tuesday client note.

    Stocks, unlike bonds, often are at risk of seeing their entire value wiped out if a company files for bankruptcy. Recessions also tend to shake out smaller and weaker companies with high debt loads, in part because funding from Wall Street can dry up.

    The Glenmede strategy team arrived at their zombie figure by looking at the share of companies in the Russell 3000 index RUA whose earnings before interest, taxes, depreciation and amortization didn't meet their interest costs in the past three years.

    While off peak levels in the wake of the pandemic, the chart suggests an elevated risk of public U.S. companies vulnerable to collapse.

     

     

     

    Dogs of the Dow – from NASDAQ.com

    The 2024 Dogs of the Dow

    STOCK

    DIVIDEND YIELD

    RANK IN 2023

    Walgreens

    7.21%

    4

    Verizon

    7.13%

    1

    3M

    5.52%

    5

    Dow Inc.

    5.03%

    2

    IBM

    4.06%

    6

    Chevron

    3.98%

    9

    Amgen

    3.14%

    7

    Coca-Cola (NYSE: KO)

    3.13%

    -

    Cisco Systems

    3.09%

    8

    Johnson & Johnson (NYSE: JNJ)

    3.04%

    -

     

    Data source: DogsoftheDow.com

     

    The basics of the Dogs of the Dow strategy

    Many investors love the Dogs of the Dow because it's so easy to follow. All you have to do is look which 10 stocks among the 30 Dow Jones Industrials components have the highest dividend yield on the last day of the year. Then, invest an equal amount in each of those 10 top-yielding stocks, and hold those investments through the end of the subsequent year.

    When the end of the year comes, you can either abandon the Dogs of the Dow strategy entirely, or you can repeat it for the following year. If you choose to stick with the Dogs of the Dow, you'll just need to rebalance to account for relative performance of the 10 stocks, along with replacing any stocks whose yields have fallen below the threshold for Dogs of the Dow eligibility with those whose yields have risen sufficiently to take their place.

     

     

     

     

    More Info on WFL and Tax Free Matching: HERE

     

    Wealth For Life Topic:  HERE

     

    Link to Taxes Show on 10/31/2021 w/ Denver: Here

    Link to Offense / Defense Show on 6/6/2021 w/ Denver: Here

    Link to Shows, Denver was a Guest: Here

     

    Investing Topic: https://brt-show.libsyn.com/category/investing

     

    Tech Topic: HERE

     

    ‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

     

      

    Thanks for Listening.

    Please Subscribe to the BRT Podcast.

     

     

    AZ Tech Roundtable 2.0 with Matt Battaglia

    The show where EntrepreneursTop Executives, Founders, and Investors come to share insights about the future of business

    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

    Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… 

     

    AZ TRT Podcast Home Page: http://aztrtshow.com/

    ‘Best Of’ AZ TRT Podcast: Click Here

    Podcast on Google: Click Here

    Podcast on Spotify: Click Here                   

    More Info: https://www.economicknight.com/azpodcast/

    KFNX Info: https://1100kfnx.com/weekend-featured-shows/

     

     

    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

     

    Building the Amazon Everything Store – Business Lessons from Jeff Bezos - AZ TRT S05 EP02 (217) 1-14-2024

    Building the Amazon Everything Store – Business Lessons from Jeff Bezos  - AZ TRT S05 EP02 (217) 1-14-2024

     

    Building the Amazon Everything Store

    – Business Lessons from Jeff Bezos

    - AZ TRT S05 EP02 (217) 1-14-2024

     

    Things We Learned This Week:

    • Customer Focus - Focus on internal product vs external & competition
    • Decision Making – 70% Rule
    • Think Long Term - withstand the pressure of $
    • Meetings & 2 Pizza Rule for meetings size
    • Manager Mindset - Focus on Outputs
    • Disruption - Embrace Change & Experiment
    • Regret Minimization - See your life at 70

     

     

    Notes:

     

    Lessons 1: Customer Focus / Obsession

    Focus on internal product vs external & competition

    Fear the customer as they are the ones that give you money. The competition does not give you money. If the product is good enough and easy to use, the customers will keep buying it.

    Always Day 1 – do not get complacent, that’s what happen on Day 2, then death

     

     

    Lesson 2: Decision Making – 70% Rule

    If you have 70% of the info, you can decide. If you wait for 90% of the info, then you are too slow in business.

    3 Good Decisions per day vs 100, inspired by consultant Peter Drucker, be effective

     

    Lesson 3: Think Long Term

    Think in terms of decades, not the next quarter. You need to able to experiment with process until you get it right. It took years (& lost $ revenue) to build the supply chain Amazon has that dominates the business landscape.

    Amazon also lost $ on AWS, the Kindle, Prime for a while before turing a sustaining profit. Resist the pressure of investors looking for quick profit.

     

    Lesson 4: Meetings & the 2 Pizza Rule

    The meetings size should be no bigger than how people can be fed with 2 pizzas. If bigger than that, too many people in the meeting and chaos happens.   

    Avoid power-points, as they are a summary of info and can be confusing.

    Take a moment to start the meeting with everyone reviewing a detailed memo of what the meeting will be about. Clarity to make the meeting count.  

     

    Lesson 5: Manager Mindset

    Think in terms of outputs. If you work 3 hours (smart) but get your objective done, it is a good day.

    The Worker Mindset is to think in terms of effort (work hard) for 8 hours. It is based on how much you work vs production.

     

    Lesson 6: Disruption – Embrace Change

    Be willing to disrupt divisions in your own business to make progress and create new better products.

    Amazon moved forward with the Kindle E Reader, despite the fact it would hurt their hardcover book selling division.

     

     

    Lesson 7: Regret Minimization

    What do you want your career (life) to look like at 70? Make decisions today based on following work passions. If it does not work out, then shift to the next thing.

     

     

    Bonus – Bezos 3 Book Recs for his Executives – From FS Blog

    Link: Book Recommendations

    Jeff Bezos Had His Top Execs Read These Three Books

    In an interview that aired on CNBC1, Jeff Bezos shared some of the details about books that he’s shared with Amazon’s top executives. These books, it turns out, are frameworks for shaping the future of the company.

    Here they are:

    1. The Effective Executive by Peter Drucker

    2. The Innovator’s Solution by Clayton Christensen (Interestingly, the only business book Steve Jobs ever liked was The Innovator’s Dilemma, by the same author.)

    3. The Goal by Eliyahu Goldratt

    Bezos is not the only one to nudge execs to read. Tim Cook, CEO at Apple, gives copies of Competing Against Time: How Time-Based Competition is Reshaping Global Markets to his colleagues.

     

     

     

    Reference Info on Amazon / Jeff Bezos:

     

    Lessons Learned – “The Everything Store” by Brad Stone

    Link: HERE

     

    10 Things I Learned Reading Brad Stone’s The Everything Store: Jeff Bezos and the Age of Amazon

     

    FS Blog: HERE

     

     

    3 Effective Meeting Rules Of Amazon CEO Jeff Bezos

     

    Link: HERE

     

    The Secret Business lessons from Amazon's Jeff Bezos

     

    Video Link YT: HERE

    From: Think School   

     

     

     

    Best of Biotech from AZ Bio & Life Sciences to Jellatech: HERE

     

    Biotech Shows: HERE

     

    AZ Tech Council Shows: 

    https://brt-show.libsyn.com/size/5/?search=az+tech+council

    *Includes Best of AZ Tech Council show from 2/12/2023

       

    ‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

     

     

    Thanks for Listening.

    Please Subscribe to the BRT Podcast.

     

     

    AZ Tech Roundtable 2.0 with Matt Battaglia

    The show where EntrepreneursTop Executives, Founders, and Investors come to share insights about the future of business

    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

    Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… 

     

    AZ TRT Podcast Home Page: http://aztrtshow.com/

    ‘Best Of’ AZ TRT Podcast: Click Here

    Podcast on Google: Click Here

    Podcast on Spotify: Click Here                   

    More Info: https://www.economicknight.com/azpodcast/

    KFNX Info: https://1100kfnx.com/weekend-featured-shows/

     

     

    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

    Habits, Who You Associate With, Focus, & the Trick – Best of Host Matt on Business Topics Part 2 - AZ TRT S05 EP01 (216) 1-7-2024

    Habits, Who You Associate With, Focus, & the Trick –  Best of Host Matt on Business Topics Part 2 - AZ TRT S05 EP01 (216) 1-7-2024

    Habits, Who You Associate With, Focus, & the Trick –

    Best of Host Matt on Business Topics Part 2

    - AZ TRT S05 EP01 (216) 1-7-2024

     

    Things We Learned This Week:

    • Think Habits, Not Resolutions (vs. Goals)
    • You Are Who You Associate With in relationships, business, & life
    • The One Thing - Why Focus is Critical - Key Results
    • That’s the Trick - Daily Work, the Grind

     

     

    Notes:

    Seg. 1

     

    Think Habits, Not Resolutions

    We are often told to make New Year’s Resolutions, but then by February we have all given up on those promises. I am encouraging you today to start the New Year early with looking at how to improve your habits, not make resolutions.

     

     

    Real change does not happen overnight despite what Facebook, and a highlight society has promised. Most successful people have good daily habits, make proper decisions, and are consistent with their follow thru.

    We know that you probably are not motivated anyway to attack your New Year's Resolutions. So instead of some promise that can only be carried out by will power (or enthusiasm), how about a different approach?

    The goal is not really to have a Resolution, as so much a lifestyle change that sticks. We are a collection of our thoughts, lifestyle, and daily actions. You can see it when you meet with people all the time. You notice how they look, act, or what they eat.

    So let's stick to practical, and realistic advice. You want to develop actions (sleep habits, eating, rest, relaxation, meditation, etc.) that you will follow thru on daily. These will turn into habits, which will create that lifestyle change.

    The popular notion is it takes repetition of an act over 20 to 30 days for it to become a habit. The reality is it is more like 2 months (or more) according to a study by Phillippa Lally is a health psychology researcher at University College London.

    There are 3 books that have come out the last few years that cover these topics. We are all very busy, so I understand if you do not have time to read every self help or success book that is released. I've actually have only skimmed these books, but instead watched YouTube videos to get the themes. I am a believer in daily self improvement and online videos provide a good resource.

    The Power of Habit: Charles Duhigg at TEDxTeachersCollege

    Duhigg is a NY times writer who wrote a book that breaks down how we go about our habits, and what cues the brain has that create our habits.  What's fascinating about this is if you start understand what rewards you receive from bad habits, you can find substitutes to replace with better habits.

    The process for a habit goes like this - a Cue happens, then you have your Routine, then a Reward for the Habit. Duhigg's example is he would take a cookie break every afternoon about 3 pm. The Cue was 3pm, the routine was going to get the cookie, and the reward was eating the cookie.

    This was a bad habit, and he was gaining weight. So he replaced this habit with social time everyday at 3pm. He would wander over to another employee's cubicle and talk to them. His reward would be social interaction, and distraction and he stopped his bad snacking.

    Psychologically the more you do your habits, the less you think about the action. This is good when you have established healthy habits. Do not underestimate the reward part either. Even if you reward a positive action with a questionable gift. Over time you may not even need the reward, and you just do the action out of habit.

    Arianna Huffington on The Science of Sleep and Success with Lewis Howes

    This is not the best talk, but her main points about the importance of sleep cannot be overstated. So much of productivity is in society is linked to how much sleep one gets. Also a multitude of health disorders are linked to sleep, and everyone needs at least 7 (to 9) hours of sleep daily. 

    If you choose to ignore this, eventually you burn out or worse. We spend so much time adding things to our schedule, and this usually just makes us too busy. Instead of getting to all the things on your list, your work just suffers. Ultimately this affects your day, adds stress and hurts sleep. Slowing down, prioritizing your health (and sleep) will actually make you more productive over the long run.

    Hopefully these 3 examples will help you to evaluate your current habits. Then you evaluate what you are working to change in your current routine to improve yourself over the long term. 

    Good Luck with your new habits. Have a good and safe Holiday Season.

     

    Article: HERE

     

     

    Atomic Habits by James Clear

    The Book in Three Sentences

    1.    An atomic habit is a regular practice or routine that is not only small and easy to do but is also the source of incredible power; a component of the system of compound growth.

    2.    Bad habits repeat themselves again and again not because you don’t want to change, but because you have the wrong system for change.

    3.    Changes that seem small and unimportant at first will compound into remarkable results if you’re willing to stick with them for years.

    The Five Big Ideas

    1.    Habits are the compound interest of self-improvement.

    2.    If you want better results, then forget about setting goals. Focus on your system instead.

    3.    The most effective way to change your habits is to focus not on what you want to achieve, but on who you wish to become.

    4.    The Four Laws of Behavior Change are a simple set of rules we can use to build better habits. They are (1) make it obvious, (2) make it attractive, (3) make it easy, and (4) make it satisfying.

    5.    Environment is the invisible hand that shapes human behavior.               

     

    Book Summay: HERE

     

     

     

     

    Seg. 2

    Clip from Seg. 2 of:

    You Are Who You Associate With

    - BRT S01 EP21 6-28-20

    + Covid 19 Crisis & the Economy Homeless Population in Phx Struggling and How to Help

     

    MB on You Are Who You Associate With

    - in relationships of business and life

     

    Notes:

    Partner and hire ‘A’ people

    Relationships

    Process / Results

    Strategies

    Ultimate example – Paypal Mafia and all the tech startups that came from it 

    Steve Jobs died in 2011 years ago – Apple still a Top 10 companies.

    Bill Walsh – Coaching Tree in football

    Good manager is not needed - business runs itself

    Guy Kawasaki on Bozo-itis: A hire A’s, B manager hire C’s – hire better than you.

    Jim Rohn – average of 5 people you associate with

    Partners – like a marriage. Pick carefully

    Rate yourself – would you hire you? Partner with you?

    If you do not like yourself – conscious choice to change, grow, adapt.

    Habits / Strategies – like habits vs. diets or fad ideas.

    Associate with Good People. People smarter than you.  Life and business – drop bad associates

    If you’re the smartest in room – then you’re in the wrong room.

    Keep learning – associate with people who help you grow.

     

    Article: HERE

     

    FULL SHOW: HERE

     

     

     

    Seg. 3

    Clip from Seg. 2 of:

    The One Thing, or Why Focus is Critical...

    - BRT S01 EP19 6-14-2020

    China, Tariffs, Business Marketing

     

     

     

    MB on Goals, the One Thing, OKR (objective, and key results), and the importance of Focus

    Business Books – Decision Making and Priorities

     

    John Doerr – Measures What Matters

    Former Intel exec

    OKR – Objective and Key Results

    Big objectives

    Intel goal of overtaking Motorolla in chip making

    Doerr was advisor to Google founders

     

    Decision Making in business is crucial

    Book Summaries on great business books to save time, and still get key concepts of the book

    Blogs, YouTube videos, book summaries in detail – 10 pages vs 250 pages

     

    Peter Drucker – Effective Executive

    Managers need to understand their priorities

    Work on first things first, and second things not at all

    Goals, priorities, and time management

    Work on the most important things, and know what to not be working on

     

    One Thing – Gary Keller and Jay Papasan

    The ONE Thing by Gary Keller & Jay Papasan – book summary

    The Book in Three Sentences

    1. The ONE Thing is the best approach to getting what you want.
    2. Success is a result of narrowing your concentration to one thing.
    3. Success is built sequentially, one thing at a time.

    The Five Big Ideas

    1. Not everything matters equally.
    2. Multitasking is a lie.
    3. Discipline is a result of habit.
    4. Willpower is a finite resource.
    5. Big is bad.

    Book Summary Link: HERE

     

    Article: HERE

     

     

     “Anything not worth doing, is worth not doing well.” - Robert Fulghum quote

     

    ‘We are the average of the five people we spend the most time with.’

     – Jim Rohn

     

    "Give me a place to stand (lever), and I will move the world." - Archimedes is said to have promised

     

     

    Related show (Interview w/ Author Jay Papasan)

    on The One Thing Book: HERE

     

    Full Show: HERE

     

     

    Seg. 4

    Clip from Seg. 1 of:

    This is the Trick? The One Thing to Exit Strategy to Moneyball & Business Lessons from Movies - Best of Business Part 2

    - BRT S03 EP43 (142) 9-4-2022

     

    What We Learned This Week

    • That's the Trick - Daily Work, the Grind
    • Dominos - Priority in Latin = First, what is your 1st Domino? Knock it down
    • Advisory Team - importance of building a good team (CPA, Attorney, Banker)
    • That’s the Trick – this is the performance
    • What's the Problem? - from Moneyball
    • We Don't Hire Brokers, We Train Them - from Boiler Room

     

    That’s the Trick

    There’s a scene in the movie The Prestige when the 2 young apprentice magicians go to see an older magician to learn his ‘Trick’. When the older magician is on stage he’s doing amazing feats of strength. Then they get a watch him after the show get into a carriage, he seems like a crippled feeble old man who needs help.

    One magician says the other magician – ‘This is the Trick. This is the performance. This is why no one can detect his method. Total devotion to his art. Lot of self sacrifice.’

    The ‘Trick’ is off stage, he’s always acting like a crippled old man. It’s simple, not easy.

    We often look for something that’s not there, the big secret, when it’s actually just in front of our faces. Always more simple than we think.

    We’re looking for the big trick, how to get rich in a moment. When the actual trick, is doing the work daily, weekly, monthly, for years. You hone the craft, measure your progress, and adjust over time. Respect the craft, as there is no overnight success.

    The old line in business, it took him 20 years to be an overnight success. The Malcolm Gladwell book Outliers, says it takes 10,000 hours to master something. The expert has been practicing for 10 years.

    The professional golfer, the actor, the musician, the chest master, the salesman, or work on their craft. Even the greats like Tom Brady, Buffett, or bodybuilder Schwarzenegger all honed their craft over the decades.

    It’s Simple, not Easy. You have to show up every day, to the repetitive work, just doing the grind.

    There is a great story about Sylvester Stallone trying to get auditions, and then trying to sell the screenplay for Rocky. He got thrown out of agents offices over 1500 times in the mid 10970s. Funny as there were only 500 agents in NYC. He actually got thrown out multiple times.

    There are no success hacks, no magic, no secret sauce. The secret is to just do the work. You work daily and improve 1% a week, leads to 66% improvement in a year. You must be willing to do what others will not. Compounding works with effort day and day out.

    Magic of Compounding is mass improvement over time, by perfecting the little things. Delay gratification and you see the results slowly. Build a base, not unlike the structure of a building.

    If someone says it’s easy and you don’t have to work for it…. Then probably selling you something. If it’s easy with no sacrifice, or habit building, then it will not last.

    When you cook a meal, what doe sit look like if you pulled it from the oven midway thru? You have to let it cook, to get the finished product.

    Be in it for the Long Term. Let Compunding work for you.

    Back to the The Prestige:

    ‘Sacrifice is the price you pay for a good trick.’

    Not breaking character, you commit to the craft.

     

    Article: HERE

     

    Borden and Angier watch Chung Ling So's fish bowl trick

    The Prestige (2006) – movie clip

    Click HERE

     

    Full Show: HERE

     

     

    Reference Show:

    McDonalds, Apple, Disruption, 80/20 - Best of Host Matt on Business Topics

    - BRT S03 EP10 (109) 3-6-2022

     

    Things We Learned This Week

    • What Business Are You In? - McDonalds is a Real Estate Company
    • Disruption in Business & Tech World - How to Handle The Innovator's Dilemma
    • 80/20 Principle summed up is, 80% of outputs come from 20% of inputs – Focus on the 20%
    • Steve Jobs 1997 Return to Apple – The Power of Focus & Simplify, Say No often, choose wisely

     

    FULL SHOW: HERE

     

     

     

    Business Topic: HERE

     

    Investing Topic: https://brt-show.libsyn.com/category/investing

    More - BRT Best of: https://brt-show.libsyn.com/category/Best+Of

     

    Thanks for Listening.

    Please Subscribe to the BRT Podcast.

     

     

    AZ Tech Roundtable 2.0 with Matt Battaglia

    The show where EntrepreneursTop Executives, Founders, and Investors come to share insights about the future of business

    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

    Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… 

     

    AZ TRT Podcast Home Page: http://aztrtshow.com/

    ‘Best Of’ AZ TRT Podcast: Click Here

    Podcast on Google: Click Here

    Podcast on Spotify: Click Here                   

    More Info: https://www.economicknight.com/azpodcast/

    KFNX Info: https://1100kfnx.com/weekend-featured-shows/

     

     

    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

     

    AZ Tech Roundtable 2.0
    en-usJanuary 13, 2024

    Blockbuster, Reality TV, & the Supply Chain - Best of Business 2023 - Part 4 2023 - AZ TRT S04 EP52 (215) 12-31-2023

    Blockbuster, Reality TV, & the Supply Chain - Best of Business 2023 - Part 4 2023  - AZ TRT S04 EP52 (215) 12-31-2023

    Blockbuster, Reality TV, & the Supply Chain

    Best of Business 2023 - Part 4 2023

    AZ TRT S04 EP52 (215) 12-31-2023

    What We Learned This Week:

    • Alan Payne on the Rise & Fall of Blockbuster
    • Arthur Smith on Reality TV & Sports
    • Trevor Pan of Bidbird on shipping efficiency & container skins
    • Dr. Chuck & Francis of Ally Bio on Cannabis Innovation
    • Chris Owen of J Galt on Commercial Credit
    • Host Matt on Business Assets

     

    Seg. 1 – Clips From:

    Built to Fail: The Inside Story of Blockbuster's Inevitable Bust w/ Alan Payne

    AZ TRT S04 EP34 (197) 8-27-2023

     

     

    What We Learned This Week:

    ·         Blockbuster started in 1985, and scaled quickly after Wayne Huizenga purchased it in 1987, 10,000 stores at its height, dominant video rental co.

    ·         Alan Payne instituted the Video Rental model of HEB to the Blockbuster franchises he ran – segmented movies to rent new ones for more

    ·         Wayne Huizenga was a stellar Founder who built 3 fortune 500 companies – Waste Mgmt, Blockbuster, and Auto Nation

    ·         Viacom purchased Blockbuster in 1994 for $8.4 billion, and went on to lose 75% of the value over the next decade +

    ·         Competition was fierce from Hollywood Video, Redbox and then in 1997 by a new DVD rental by mail company called Netflix

    ·         Netflix scaled into the internet company it always wanted to be with streaming in 2009

     

    Guest: Alan Payne

    Alan Payne spent thirty-one years in the movie rental business, the last twenty-five of those as a Blockbuster retail franchisee. He took over a small group of Blockbuster stores in 1993 and grew it into one of the largest and most successful chains in the company. He finally closed his last store in 2018, more than eight years after Blockbuster filed for bankruptcy.

    Book: Built to Fail: The Inside Story of Blockbuster's Inevitable Bust

     

    From the Back Cover

    Blockbuster was phenomenally successful in its early years and made thousands rich beyond their wildest dreams. But it was consistently outsmarted and outmanaged by smaller companies. And the challenges began earlier than you think--long before Netflix was even an idea in the minds of founders Reed Hastings and Marc Randolph. Blockbuster became one of the most iconic brands in the history of American business, but it cracked at the first sign of a challenge. From its founding, Blockbuster was a company built to fail.

    Link: HERE

     

     

    Full Show: HERE

     

    Seg. 2 – Clips From:

    TV Tales of The Unbreakable Jay Glazer to Creating Competition Shows from American Ninja Warrior to Hell's Kitchen w/ Arthur Smith

    AZ TRT S04 EP28 (191) 7-16-2023

     

     

    What We Learned This Week:

    ·   Jay Glazer’s Unbreakable mindset gets him thru ‘the gray’ of his daily life, working on his mental health

    ·   Arthur Smith’s describes Reach as striving for our full potential to create amazing things

    ·   Creation of TV Classics like American Ninja Warrior & Hell’s Kitchen

     

    Arthur Smith, the chairman of A. Smith & Co. Productions, is a pioneering veteran of nonfiction television, known for creating and producing some of the longest running unscripted series in history, including Hell's Kitchen and American Ninja Warrior. Smith was honored as one of Variety's “Titans of Unscripted TV” in 2022, inducted into the Realscreen Awards Hall of Fame in 2021, awarded Broadcasting and Cable’s “Producer of the Year” in 2020, Nominated for several Emmy Awards, and received dozens of awards, including NAACP Awards, Realscreen Awards, and Critics Choice Awards. Smith embarked on his career in television as a twenty-two-year-old wunderkind, talking his way into sports production at CBC in his native Canada.

    He quickly distinguished himself as a rising star at the network, where he produced three Olympic Games among countless other high-profile events. At the age of twenty-eight, Smith was named the youngest ever head of CBC Sports. His successful run at the network ended when American broadcasting icon Dick Clark lured him to Hollywood to develop and produce a wide variety of entertainment programming. Then as the head of programming and production at FOX Sports Net, Smith played an instrumental role in the launch and growth of this massive entity, before the biggest reach of his life—the creation of his eponymous production company that has thrived for more than twenty years. He lives in Los Angeles.

     

     

    Full Show: HERE

     

     

    Seg. 3 – Clips From:

    Cannabis Innovation by Ally Biotech w/ Dr. Chuck & Francis

    - AZ TRT S04 EP36 (199) 9-10-2023                 

     

    What We Learned This Week

    • Ally Biotech offers highly bioavailable products to leading manufacturers and dispensaries of cannabis products
    • Cannabis is competitive and it’s all about the product quality.
    • Arizona-based Chill PillTM brand is an expansive line of easy-to-swallow THC soft gels for the cannabis industry.
    •       The goal of the company is to adopt the practices of big Pharma and make high grade products.
    • FDA and DEA are actually working together. The DEA treats cannabis like any other Schedule One dangerous drug, like cocaine or heroin. Yet it does not have the same affects, nor addictive qualities.
    • Many pain medication’s have very serious side effects as well as the potential for problems with overdosing. Cannabis is a good alternative for pain mgmt.

     

     

    Guests:

     

    Dr. Chuck Johnson, CSO at Ally Biotech 

    After earning his BA in Chemistry from Northwestern University and PhD in Analytical Chemistry from Virginia Tech, Dr Chuck refined his craft while working The Procter & Gamble Company, Koch Industries, and Danaher, and expanded his scope of knowledge while working and consulting for DuPont, BATF, FBI, Army Corps of Engineers, Chiyoda Engineering, Toyo Engineering, Japan Gas Company, Yamato, Fisher Scientific, VWR Scientific Products, among others. Chuck brings with him experience with FDA regulatory compliance, LEAN (TPS) principles in Product Development and Manufacturing, competitive market analysis, mergers and acquisitions and technical sales. More recently he has provided consultation services and served as the Chief Science and Operations Officer in the Hemp and Cannabis sectors, including industrial farming, extraction, refining, GMP production, nutraceuticals, and FDA compliance. 

     

    Francis Baczek, V.P. of Business Development at Ally Biotech 

    Francis Baczek serves as Vice President of Business Development at Ally Biotech, a provider of leading-edge bioactive delivery solutions for cannabinoids. Baczek brings significant product development experience in the medical cannabis sector. Since 2013, he has been formulating precision-dosed edibles as lead cannabis chef for Uncle Herb’s Health Center, a licensed Arizona operator. Baczek is credite 

     

     

    https://allybiotech.com/about-team/

     

     

    Full Show: HERE

     

     

    Efficiency in the Supply Chain by a New Container Invention

    w/ Trevor Pan of BidBird

    AZ TRT S04 EP41 (204) 10-15-2023

     

    Things We Learned This Week

    • Malcolm McLean was the inventor of the shipping Container, and a key person in trade & globalization
    • BidBird invented a container skin, a smooth panel for the side to reduce wind resistance & improve fuel efficiency
    • Patent process and Patent Cooperation Treaty to register an invention in foreign countries
    • Building a Prototype and doing a road test with a Truck plus a Container on a race track

     

    Guest: Tevor Pan, BidBird

    Principal Architect - February 2018 - Present

    Undergraduate Professional Degree - Landscape Architecture, Colorado State University,  Fort Collins, Colorado 2003

    Master Degree - Frank Lloyd Wright School of Architecture, Scottsdale, Arizona 2006

     

    o  Twitter

    o  LinkedIn

     

     

    https://bidbird.co/about

    THE FIRST CONSTRUCTION MARKETPLACE,
    AT YOUR FINGERTIPS.

     

    Trevor Pan, BidBird Founder & registered Arizona architect.

     

    Spending 21 years as an architect immersed in construction, manufacturing, and design, I’ve built a unique understanding of the construction industry’s constant movements and challenges.

    I know that construction professionals are exhausted by the RFP game—and the collusion that can come along with it.

     

    I’ve seen invasive service platforms that trap users into thinking they’re a lead generating machine, but then unethically charge them thousands with no quality results.

     

    When I set off to launch BidBird, I wanted to eliminate the red tape and corruption for suppliers, manufacturers, contractors, and building owners. And when my barber approved the irresistible alliteration of the name, BidBird was born.

     

    BidBird is the new way for construction professionals to achieve a constant-but-necessary thing: capture competitive bids for their materials through an efficient process.

     

    At its core, our mission is simple. We connect construction industry professionals around the country through an honest platform that doesn’t cost users unreasonable fees, or their dignity.

     

    With its simplicity comes big things. BidBird is an opportunity to beat out the “big guys” by just a penny, equalizing the hunt for businesses around the country.

     

    We strive to combine high-value jobs + the innovation to evolve with construction professionals’ needs to transform businesses, one bid at a time.

     

     

     

     

    Full Show: HERE

     

    Seg. 4 – Clips From:

    Building Commercial Credit w/ Chris Owen of J. Galt

    AZ TRT S04 EP45 (208) 11-12-2023

     

    Things We Learned This Week

    • J. Galt Helps Small Businesses Optimize Cashflow & Manage Growth
    • Helping Business Owners Access Loans & Credit, Endangering Their Personal Credit & Family Assets
    • Small Business is the backbone of a community, when it thrives, so does the community
    • 3 Types of Credit - Personal, Business & Commercial Credit - Business need to build their Commercial Credit

     

     

    Guest: Chris Owen 

    LKIN: HERE

    Helping Business Owners Access Loans & Credit  

    Endangering Their Personal Credit & Family Assets



    When small businesses prosper, then the community also thrives. The passion I have for helping fellow entrepreneurs succeed is something I’ve fostered my entire life. As an advocate and advisor for small businesses I have seen the challenges they face firsthand.

    When businesses fail, they leave an average of $80K for the business owner and their family. Knowing these daunting stats, it has become my life’s mission to help protect these incredible small businesses that are the bedrock of our economy.

    Can you imagine what your small business would look like in 12 months if…
    ✅     You didn’t get turned down for the loan, credit card, or line of credit you needed?
    ✅     Your access to loans and credit didn’t impact your personal credit or put your family home at risk?
    ✅     You had the money you needed to expand and meet new opportunities?

     

    J. Galt: https://www.jgalt.io/cowen

     

     

    Full Show: HERE

     

     

    Rethinking What is an Asset

    AZ TRT S04 EP39 (202) 10-1-2023

     

     

    What We Learned This Week:

     

    ·         Knowledge as an Asset 

    ·         Industry You Work in as an Asset  

    ·         Your Network as an Asset 

    ·         Leverage as an Asset  

    ·         Focus as an Asset 

    ·         Traditional Investment Assets – Appreciating vs Harvesting

     

     

     

    Full Show: HERE

     

     

    Investing Topic: https://brt-show.libsyn.com/category/investing

     

    Tech Topic: HERE

     

    ‘Best Of’ Topic: https://brt-show.libsyn.com/category/Best+of+BRT

     

      

    Thanks for Listening.

    Please Subscribe to the BRT Podcast.

     

     

    AZ Tech Roundtable 2.0 with Matt Battaglia

    The show where EntrepreneursTop Executives, Founders, and Investors come to share insights about the future of business

    AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving

    Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more… 

     

    AZ TRT Podcast Home Page: http://aztrtshow.com/

    ‘Best Of’ AZ TRT Podcast: Click Here

    Podcast on Google: Click Here

    Podcast on Spotify: Click Here                   

    More Info: https://www.economicknight.com/azpodcast/

    KFNX Info: https://1100kfnx.com/weekend-featured-shows/

     

     

    Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.

     

    AZ Tech Roundtable 2.0
    en-usJanuary 05, 2024