There are lots of recommendations when to start a business. Mostly, we are advised to start-up when times are good and we can afford to invest some time and money in building our own self-employed careers. Since I’ve discussed that several times over the last weeks, and , as so often, my view does not fit into the prevailing view, here are my 2 cents: The best time to start something on
We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run”, the old adage by Roy Amara, was more than obvious during Diffusion 2019, a 400+ developers hackathon that took place in Berlin from 18–20 OCT 2019. Convergence, the coalescence of today‘s hottest technologies, AI and Blockchain, was the theme of two days full of workshops, talks, and, of course, hacking. The
Asked about his recipe for success in business, Richard Branson once said he hired people better than himself, have them embrace his vision and let them work on it by themselves. At a significantly smaller scale of success, I have applied his recipe since. And for our companies Datarella, Baltic Data Science and the newborn RAAY RE this has worked out perfectly. What holds true for employees, is true for business partners,
If the blind spot of today‘s economic, social and environmental management can be reduced to one single word, it is consciousness. Highly specialized actors in different domains focus on optimizing their respective fields of interest, neglecting interdependencies and not comprising reality as a whole but rather as many independent realities. Bridging the gap between different disciplines through cross-sectoral coöperation and collaboration is one of today’s most important scientific, political, economic and
Yesterday, I had to spend several hours on trains moving across Germany. Being an experienced entrepreneur, I obviously had prepared myself perfectly and lots of work to be done. When I arrived back home yesterday night, I had done almost nothing of it — and yet, I felt great. Most of the time during the outward run I spent communicating about a potential new venture. Not planned at all, but I have a weakness for re-prioritizing everything as soon
Wow. My colleague Rebecca has done a tremendous job! She leads the Datarella team that came up with this first milestone for our Track & Trust project with the European Space Agency ESA. Together with ESA, we want to find out how satellite data can be used to facilitate last mile tracking of supply chains in remote areas. Often, aid delivery can be tracked until the goods reach an interim storage facility
Banking the Unbanked always refers to human beings and their enablement to participate in the global financial system by providing them with bank accounts. In this post, I argue for banking unbanked devices, i.e. machines, that are connected through the internet — the Internet of Things IoT. Globalization has made our world a smaller place: through the internet we know everything what happens somewhere within minutes, through air travel we can personally
On 1 August, we announced our new joint venture RAAY RE we have founded together with our partners Hammer AG and Wertgrund AG. RAAY RE, which stands for RAAY Real Estate, is our first vertical within the RAAY Operating System family. RRE offers blockchain-based products and services to the real estate industry. The real estate industry has been booming for more than 10 years and most players within the industry have
Yesterday was a great day: I could witness the operationalization of my enterprise protocol evolution model. Nobody at the MunichRe symposium specifically talked about the model. However, the symposium’s theme “Modularisation of the Insurance Value Chain” actually is the operationalised version of it. In my model, I describe the evolution of the enterprise as a development from the enterprise as an institution, over the enterprise as a platform to the enterprise as a protocol. Since enterprises
We become cultured through training in various activities, such as customs, arts, interacting with people, the use of technologies, and the discovering of ideas, the learning of beliefs, shared philosophies, and religion. Our brains are modified by our cultural activities. Since all our brain modules are plastic to some degree, we have the ability to create signature cultural activities and to respond to changing conditions. This cognitive fluidity is the human