The Sega Game Channel was ahead of it's time and introduced us to streaming games downloaded through it's own power supply and coaxial cable back in 1994 and lasted until 1998 with 250,000 subscribers Sega really has been ahead of it's time with multiple innovations and inventions that they introduced. Imagine if they worked on a video streaming license deal using the same technology that the Sega Game Channel offered. They would have taken on Blockbuster (until Blockbuster introduced their own) and we may not know of Netflix today.
Watch this video for an overview: https://www.youtube.com/watch?v=07LLuBf_PEM
As Sega always brought the best out of Nintendo they learned a lesson when the Game Gear came out chewing through batteries and having only 4 games after two years versus the Monochrome Game Boy with hundreds of games. As the Game Gear ultimately failed and the Game Boy is still a classic today we have a lot to learn from this. That lesson is that Nintendo doesn't need the best graphics but they need to appeal to their fanbase with their less superior technology with top tier assets such as 1st party game library. They feed their millions of fans what they want and it works for them. They learned this after the handheld competition and have followed the playbook ever since.
In business you can follow the same strategy. It doesn't need to be pretty it just needs to work.
Excited to see how April's company grows and this is my personal reminder to re-check this in time: https://nearbyhq.com/our-story
From the book turned Steven Spielberg film Ready Player One Transmira a North Carolina based startup has the opportunity to become one of the biggest companies in the world if it can execute like it's recent investor Calvin Ayre did with Bodog in the early 2000's making online poker and casinos accessible to everyone.
He was a Costa Rican legend and if it weren't for over-zealous regulations he would've become one of the richest people in the world. Transmira is now going to combine AR/VR/XR and Blockchain technology.
Time will tell on this one: https://transmira.com
Nice to see a local Fort Lauderdale venture picking up a nice funding round. This local Florida company is a smart cell and smart grid technology company that just raised $30 million dollars in a series C funding round led by Fuel Venture Capital. To date they have raised $60,000,000 in funds since being founded in 2014 (why am I just now hearing about this company?)
The last fund raise was 2 years ago when CEO Ian Aaron joined the company 3 years developing internet of things sensors and devices. Aaron's focus has been to develop commercial products and building out a solid team here in Fort Lauderdale (which can be hard to find top talent down here outside of sales in my experience).
The Broward based company's smart city platforms plug into current streetlights to provide the critical services that include light control, video A.I., and public WiFi. They operate in over 100 cities from across Latin America & the USA including South American Countries Chile, Colombia, Central America's biggest Country Mexico, and of course here in Fort Lauderdale.
“We plan to leverage our position for streetlights to help develop 5G faster,” Aaron said. “It is a big challenge to find the sites and get the permitting. What we did is plug in a small cell, shorten the process by over a year, and reduce the cost by 25 percent of what they would have paid.”
The company is just now starting to deploy at scale and will go into 2021 with a sizeable backlog of booked orders pending installation, Aaron said.
“I love that we make cities more connected,” he added.
Myself Richart Ruddie a Fort Lauderdale investor and entrepreneur look forward to seeing Ubicquia grow.
Think of a world today where the most complex phone we have is the Blackberry or a Nokia device. Sounds like an even worse version of 2020 but if it weren't for this favorable ruling against the RIAA detailed here: https://cyber.harvard.edu/is99/RioSpaceShifter.htm then that might have been a reality today. The reason is that the recording industry tried to say that having music on your portable MP3 player was illegal piracy. If supreme court ruled in their favor than we would not have legally been able to use iPods which led to the iPhone, Apples, growth, and all the amazing things that our smart phones help us do today.
Maybe it's a stretch where I'm going with this but very plausible when you think about how important of a ruling this was.
I've found a few good bug bounties and understand the importance and a depth of knowledge concerning Cyber Security but wouldn't quite say I'm am expert by any means especially compared to some of my Defcon friends. None the less thank you Bulgaria: https://www.novinite.com/articles/205948/Cyber+Security+Expert+Richart+Ruddie+On+Why+Bulgaria+is+a+Growing+Tech+Hub+For+Outside+Investors
Crazy to read and think that Hawaii could lose internet connectivity... Two of the three cables that Hawaii relies on to keep data flowing are nearing the end of their useful lives and are in desperate need of repair but recent global and civil matters are causing a disruption in the repair.
The third is newer, but its ownership is tied up in a bankruptcy proceeding. 2 of the cables are 25 years old and one failed twice (requiring repair) in recent years. Facebook and Google, who have been laying the more modern undersea cables, bypassed Hawaii. The state's Internet access has been strained by lockdowns, telehealth, business scandals, and ageing technology.
With an opening photo at the Blackjack Table in Lake Tahoe during a direct sales conference. The risk taker and connected entrepreneur Richart Ruddie sits among a diverse crowd of business men and woman in December 2019 right before the outbreak of COVID-19. While the landscape of business has changed for many including a delay of building out another office and operation in Los Angeles, California expanding from just Fort Lauderdale, Florida and Salt Lake City, Utah.
The piece discusses challenges in business that include raising venture capital or finding a steady growth pace and learning to be content. There are a lot of other great quotes for an aspiring entrepreneur as Ruddie came from being dead broke 10 years ago to being able to retire now if he wanted to. Read more on the Voyage LA piece on Richart Ruddie and some of the other great pieces where they cover idea makers in and around the Los Angeles area.
Also I helped pet sit for a sick goat that we lost last week so please send your thoughts and love to the baby goat that we lost during this pandemic amongst the thousands of others who fell ill and have passed.
Instead of going through investing in startups from a philisophical standpoint famed investor and excellent blogger Sam Altman has shared his viewpoints from the investor side as opposed to all the content that focuses on the startup side trying to raise capital.
There are so many great points on Altmans blog and in this post particularly with the biggest piece of advice IMO is not only tell the startup how you can help but show a genuine interest and ability to help. Often times a smart founder will take an offer that isn't as financially appealing on paper to get the help of an investor who can truly make a much bigger impact than one who just writes a check.
When we launched and were growing Protos Eyewear we had emails daily from all sorts of investors and partners but ultimately the most important end game contact came from Luxxottica the owner of Sunglass Hut, Ray Ban, Oakley, and just about every other major eyewear brand.
Read for yourself at: https://blog.samaltman.com/how-to-invest-in-startups
Bloomberg just did a great interactive piece covering 2017. There are some key points that stuck out to me:
More money went into startups in 2017 than any other year in history. SoftBank certainly led the way with huge investments in already established startups and Theranos receiving a huge end of year investment. 2017's total was $141.3 Billion invested in startups. 2016 investments paired with 2015 investments. In January of 2016 when I sat in on meetings at Battery Ventures, Sequoia Capital, and Greylock Partners they all said that they were getting back to basics on VC investments. Take it FWIW.
Hong Kong has the highest real estate prices in the world and they continued to climb while their unemplyment continued to dip to only 3.0% where Japan has 2.8% unemployment followed by the US and Isreal at 4.1%, United Kingdom at 4.3% and Germany at it's lowest level since reunification. Apollo Golbal raised 24.6 billion dollars for the largest fund ever.
Student Loans have now exceeded the total size of U.S. High yield corporate market. This is a catch 20/20. Education costs continue to rise so there should be a rise in student loans which has continiously risen since 2005. This also equates to more students in school which is a positive thing IMO. More education typically = better society right?
Art market continues to reach new highs. Salvator Mundi sells for a record $450.3 million dollars at auction. Price was actually 400 Million combined with a 50 million dollar auction house fee. Off the top of my head this was sold to the Louve in Abu Dhabi. The total cost to build this museum was less than the cost of the one painting. The naming rights however are even more than the cost to build the museum. So what is art? Is it a name and recognition? The most expensive piece of art in the world is the Mona Lisa. The auction house did a fantastic job marketing this as the second Mona Lisa and when you have a piece on display for the next 100 years and people flock at $60.000 a ticket to go and see the second Mona Lisa the return on investment and name that the 2nd Louve has made for itself tends to make sense.
The myths and rumors you may hear about where there are cables underneath the ocean that provide internet service throughout the world are actually true. Cool story of the day is that Microsoft is improving it's efficiency: http://www.zdnet.com/article/microsofts-subsea-speed-monster-a-cable-16-million-times-faster-than-your-broadband/
Personal note to review in a decade. Anything that requires or is dependent on a central database is an excellent candidate to be disrupted by Blockchain technology. What industries will be transformed thanks to the ledger?
Michelin Tires has been working on Research & Development for 3D Printed tires. Since I have a background in this I found this particually cool. Very excited to see the future of tires and how it will disrupt the "Rim" industry and what new industries and jobs will be created when we have majority of tires being 3D printed vs. not. The only downside currently is the cost to make 3D printed tires as it will be a long time IMO when the cost of rubber tires exceeds the cost of 3D printed tires.
For reference and more information see this article:
Had one of the nicest compliments this past weekend. A new friend said "Chart do you know why I like you?"
You're not looking for anything from anybody, you are just here to be happy and have a good time and if you can facilitate others to be happy as well then you do your part to ensure all others around you are happy.
I was telling a new friend as we shared a Lyft into the city about this interaction and he noted that it's great that you can showcase this without trying and others notice. In life I've blogged about making it and then mattering. I strive to reach a pinnacle and a second part of my life where I can matter in making the world a better place and helping to solve initaitves that really matter.
That is why I appreciate the Chan Zuckerberg initiative
"We want every child to grow up in a better world. Our hopes for the future center on two ideas: advancing human potential and promoting equality."
Use your power for good and be genuine and stop wanting something from everybody around you and then you will have found peace in yourself to grow as a human.
01010010 01101001 01100011 01101000 01100001 01110010 01110100 00100000 01010010 01110101 01100100 01100100
Richart Ruddie Richart Ruddie Richart Ruddie Richart Ruddie Richart Ruddie Richart Ruddie
Rich Ruddie in Binary Code
01010010 01101001 01100011 01101000 00100000 01010010 01110101 01100100 01100100 01101001 01100101
Rich Ruddie Rich Ruddie Rich Ruddie Rich Ruddie Rich Ruddie Rich
01010010 01101001 01100011 01101000 01100001 01110010 01110100 01010010 01110101 01100100 01100100 01101001 01100101
01000011 01101000 01100001 01110010 01110100 00100000 01010010 01110101 01100100 01100100 01101001 01100101
A recent Reddit thread has some thoughts on what it would stand for if it did stand for something and here are some of the highlights:
(R.E.D.D.I.T.) Reason Everybody Doesnt Do Important Tasks
Read Endless Debates Devoid of Intelligent Thought
Read Everyone's Dumb and Delightful Internet Thoughts
Really elaborate discussions discussing irrelevant topics
Revealing Everyone's Deepest Darkest Internet Thoughts
Redundant Extrapolations Deduced & Discussed by Internet Trolls
Read. Evaluate. Deliberate. Decide. Instigate. Troll.
I personally love the Troll comments.
Ever have certain sayings that you want out of your vocabulary? Certain sayings may affect you negatively and you may not even notice it. For example saying "To be honest with you" might imply that you are not always being honest. Do you want to work with somebody who is not always honest? So I make a conscience effort to say something different and last night heard "To be deeper with you" as an alternative.
Other sayings to avoid: "I had a stressful day" avoid setting off these poisonous sayings that breed negativity and think positively.
Thank you for downloading Restaurant Tonight. Our application gives you the opportunity to play Restaurant Roulette to find a restaurant to eat at tonight and you get to ride there with the well known Uber application. Please provide your feedback, questions, or comments below and we will have a support representative reach out to you right away.
For those of you who have downloaded the application and given us great feedback I wanted to extend a special thank you. This is a really cool concept that takes the choice out of picking a place to eat dinner at tonight.
Follow the rest of my posts and entrepreneurial adventures here @ my Richart Ruddie Typepad Blog.
A recent Product Hunt feature on a really cool and innovative idea called Notarize has hit headlines recently. When showcased to friends within my network I was forwarded an email as seen below on some of the Legal issues with the Application. The biggest issue is that it's not seen as a valid notarization by the courts in which it is deemed for.
"legal framework in most states hasn’t caught up with this technological innovation. The validity of a Virginia or Montana remote notarization for real estate transactions in other states has not yet been confirmed by the courts":
Emailed information seen verbatim below:
To: All Policy Issuing Agents of WFG National Title Insurance Company
From: Underwriting Department
Date: February 19, 2016
Bulletin No. NB2016-02
Subject: Web Cam Notarization
A number of our agents have received advertisements from web and app based services that purport to allow a Virginia Notary to “remotely” notarize any document for anybody, anywhere. This is based on a 2011 Virginia law that allows its notaries to make use of video and audio technology on the Internet to confirm identities and allow a party to have their signature notarized without being in the physical presence of the notary. A similar, but more limited law, was adopted in Montana in 2015.  Some of these advertisements represent that their notary service is valid in all 50 US states and the District of Columbia.
Unfortunately the legal framework in most states hasn’t caught up with this technological innovation. The validity of a Virginia or Montana remote notarization for real estate transactions in other states has not yet been confirmed by the courts. Legislatures or officials in Arizona<http://
In many states, if a deed, mortgage or deed of trust is not properly notarized, it is ineligible for recording and/or even if recorded may not provide “Constructive Notice” to a subsequent purchaser or lender. Both of those outcomes have the potential to lead to a policy-limits claim. To date, there have been no reported cases construing remotely notarized real estate transactions.
 This Webcam Notarization is not the same as electronic notarization (commonly called eNotarization). With an eNotarization, the documents and notarial certificate are in digital form; the signer and Notary both sign digitally, and are in the physical presence of one another. WFG agents may rely on eNotarization for any instrument, after confirming that the recording office is able to receive it.
The Underwriting Standards:
Until the law catches up with the technology in all states, or we have a definitive Federal Court ruling, WFG agents SHOULD NOT use any of the web cam or remote notary services that does not require the party being notarized to be in the physical presence of the notary to execute and notarize any insured deed, mortgage or deed of trust, or any corrective instrument or other instrument which will form a part of the chain of title of an insured property. With the lender’s approval, documents which will not be recorded or form part of the chain of title may be executed and notarized using such services.
WFG will rely on the remote notarization statutes in Virginia and Montana ONLY where all of these conditions are met:
1. The Notary and person whose signature is being notarized are both physically located within either Virginia or Montana at the time of execution.
2. The affected property is entirely within the state (either Virginia or Montana) where the notarization occurred.
3. The planned use of the remote notarization service has been discussed in advance your WFG underwriter. There are very specific technology requirements for a valid remote notarization that must be confirmed and documented.
If your search indicates that an instrument back in the chain was notarized remotely or electronically, please contact your WFG Underwriter before agreeing to insure based on that instrument.
Please click on the link below to obtain a downloadable version of the National Underwriting Bulletin.
National Underwriting Bulletin No. NB2016-02<http://
NOTE: This Bulletin should not be interpreted as reflecting negatively upon the character of an individual or entity mentioned herein and is for the sole purpose of establishing underwriting positions and policies reflecting WFG National Title Insurance Company’s best business judgment. The information contained in this Bulletin is intended solely for the use of employees of WFG National Title Insurance Company, its title insurance agents and approved attorneys. Disclosure to any other person is expressly prohibited unless approved in writing by the WFG National Title Insurance Company’s Underwriting Department.
The Agent may be held responsible for any loss sustained as a result of the failure to follow the standards set forth above.
Slow and steady wins the race. Will be interesting to see how Lendup changes the landscape for lending with out the interference of big banks. Read the latest article that mentions a Series B investment totaling $150 million dollars that involves both debt and equity.
If you have reputation management needs then please see the following places that have covered me through the years for Profile Defenders that include Inc. Magazine, Entrepreneur Magazine, Wall Street Journal, The Baltimore Sun, Sun-Sentinel, The Denver Post, Forbes, and many more. In fact I am such a good brander and marketer that I had a client rank them for a famous celebrity and did such a great job that I took over all the rankings on page 1. The best part is that the client wasn't supposed to be doing that and the celebrity sued him, myself, and a few others. It's a great branding point though showcasing how good I really am at what I do for Profile Defenders clients.
Me leaving Japan back in October.
X.AI's artificial intelligence Amy is like something from the movie HER. It's going to be one of the next big things as they call it. With $12 million dollars in funding and the recipient of some great press already.
It's in Beta form right now and only select users have access to it at the moment as the artificial intelligence is learning patterns and recognizing how best to respond and schedule appointments for it's users.
The software will end up replacing Apples SIRI sooner rather than later. That is my prediction.
P.S. if you sign up for Amy from X.AI here is what you receive from Dennis Mortensen
"I really appreciate you signing up – and I am thrilled about the incredible demand we’ve seen for our artificial intelligence meeting scheduling solution!
We’re adding busy people as fast as we can every week so hang tight. We’ll send Amy to rescue you from meeting scheduling nightmares soon enough. While you wait, you can check your spot in the x.ai waitlist any time here.
Dennis and the x.ai team :-)
PS. You can read more about how Amy works here - and learn why CBS News said, "Amy feels like the future.""
Similar to how we scoff at the idea of paying hundreds of dollars a month for hosting or registering domain names for hundreds of dollars. It wasn't that long ago when that was a reality but today we utilize $8.00 a month hosting packages from the likes of Godaddy, Host Gator, and Blue Host.
Just announced on Tech Crunch today is Scalleway is offer its own ARM-based servers driving down the price offering a BareMetal solid state drive server with 2 gigabytes of RAM and 50 gigs of storage for....get this only $3.40 a month.
Will be interesting to see how hosting prices out over the next ten years.
Application ideas just come to you sometimes and others they come as a result of reading a great story and thinking lets do a slight spin off of that. Thats how Tinder came about as a hatch labs project that took a spin on the popular mens dating app Grindr and turned it into the worlds most popular dating application in only a couple of years.
Bar Roulette is a recent idea that my spin off would be creating an application based off of restaurants instead of going to random bars you get to be whisked away to a random restaurant. What do you think? Good idea or not?
Google made a big announcement yesterday that they will be separating their companies and new ventures. This announcement by Sergey Brin and Larry Page said that their new domain wil be ABC.XYZ.
The founder of the .XYZ which is not on the same scale as .Com, .Net, and .Org TLD (Top Level Domain) Daniel Negari the registrars operator who could not be any happier and we are happy for him. He was recently quoted in a magazine issue of Wired as saying that "We end the alphabet in ‘xyz’ and we should end domain names the same way.”
Googles newest holding company will be called Alphabet and with the largest internet website and player in the world signaling that they are willing to use a .XYZ domain will quite possibly lead the way to other corporations purchasing extensions that end in .XYZ thus driving the domainers who squat on high end names for years out of business.
ICANN which stands for the Internet Corporation for Assigned Names and Numbers has been releasing new gTLDs which cost $185,000 for an application and once approved an additional $25,000 a year. This then just sparked an idea in my head that should have went off during the initial announcement in 2011 that this may be a great business model if you can/could have scooped up the better extensions such as .XYZ that will hopefully for Mr. Negari's sake become more mainstream and earn him a nice chunk of change.
When was the last time you came up with a good .com name and found that it wasnt already taken by a cybersquatter asking a ridiculous amount of money for the name? Look at how Brand.com sold for $500,000 and Bre Pettis who previously owned it was asking $12 million dollars originally according to an inside source I spoke with on the matter but was sold so Makerbot could make payroll and eventually cash out big time ($403 million in stock and options). In googles case it would be extremely odd if they tried to purchase abc.com which goes to the media and television companies website and Alphabet.com is the car leasing companies official website.
Google could have very easily created Google.com/abc or ABC.GOOGLE.COM but instead they just spent the $9.99 fee and purchased ABC.XYZ and have now possibly opened the floodgates for people to start purchasing .xyz extensions and making it a new norm.
Only time will tell.