Showcasing Amazing Tech
[This letter was emailed to CVS Caremark CEO Larry Merlo this morning.] Dear Mr. Merlo, According to sources, you’re looking to build a system that allows you to circumvent credit card processing fees. I’m not a betting man, but I promise you that your solution will do no more than waste your company’s time, and money. Over the rest of this letter, I’ll try...
This article is part of our monthly “Startup of the Month” series. You can read more articles from that series here. The most talked about acquisition this year has been the nabbing of Whatsapp by Facebook, and because of that, a lot of other deals have been overshadowed. One of those overshadowed acquisitions, was BBVA’s acquisition of a banking startup called “Simple“, for over...
Today we learned that Mt.Gox, one of the biggest bitcoin exchanges in the world, has gone dark. Strong rumors support the idea that Mt.Gox was robbed of 744,000 customer Bitcoins, worth some $300 million, and worth nearly a billion dollars a few months ago. Mt.Gox users have taken to the web to bemoan their lost millions (people actually lost millions of dollars), but Mt.Gox...
At a conference this past weekend, Paypal Founder, and notable venture capitalist Peter Thiel weighed in on Bitcoin, the risks, and its potential impact on society. Seeing as digital currency is just about as futuristic as it gets, I thought his answer would be a fascinating addition to this blog, so I transcribed it below.. Below is the transcript of his thoughts on Bitcoin....
It was supposed to be huge. NFC was hailed as a “holy grail” in a 2011 PC World article. Credit card companies, startups, technology companies, and smartphone manufacturers rushed to build technologies around it, but it fell (almost) flat. NFC – technology that allows for your smartphone to interact with everyday object wirelessly- was simply too confusing for new users. Apple was berated for...
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