Tag Archives: Entrepreneurship

In Jungle Long Known for Cocaine, a Rare Nut Is Now All the Rage

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“Suddenly, the cacay (pronounced kahk-ai) has become a red-hot commodity, providing the key ingredient to anti-aging facial creams that can fetch $200 an ounce in beauty shops in Los Angeles and London.  While most of the nuts come from wild trees in remote areas, new plantations are popping up in impoverished parts of Colombia that were better known for cocaine and anti-government rebel groups.  It was Albert Jaramillo, the head of Bogota-based Kahai SAS, who found a market for the oil after attending trade shows and hiring a trial study of the oil’s use in skincare. Kahai, which buys nuts from growers and scavengers, expects to double sales this year.”

http://www.bloomberg.com/news/articles/2015-04-14/in-jungle-long-known-for-cocaine-a-rare-nut-is-now-all-the-rage

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Oklahoma native revolutionizing medical marijuana

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“An Oklahoma native and self-described pothead and high school dropout is leading a multimillion-dollar company doing something that could have put him in prison in Oklahoma for decades.  ‘It’s seriously sweet like candy. Yes. And when you grow it right … That’s why … People say like, ‘Oh, I hate the smell of weed smoke.’ You’ve never smelled my weed smoke, because it’s a bouquet of amazingness,’ said Jayson Emo, also known as ‘Giddy Up,’ laughing.  ‘I got sick of being a criminal back home,’ said Emo.   He launched Emotek in Colorado and now sells International Organization for Standardization-certified cannabis extractors he invented worldwide.”

http://www.fox23.com/news/news/local/oklahoma-native-revolutionizing-medical-marijuana/nh7ZG/

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What I Learned About Life Interviewing 80 Highly Successful People

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“If I wanted to talk about ‘Star Wars,’ I called the author of a dozen Star Wars novels.  If I wanted to talk about Twisted Sister, I called up the founder of the band. If I wanted to talk sex I called the women who ran the ‘Ask Women’ podcast.  I wanted to know at what point were they at their worst. And how they got better. Each person created a unique life. I wanted to know how they did it. I was insanely curious.  Here are the most important things I learned. I can’t specify which person I learned what from. It hurts my head when I think about it because many of the 80 said the exact same thing about how they ended up where they were.”

http://www.jamesaltucher.com/2015/01/what-i-learned-about-life-after-interviewing-80-highly-successful-people/

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Interview with Peter Thiel, the Popular Contrarian

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“We’ve had this extraordinary era of bubbles in our society: There was the dot-com bubble in the ‘90s — which was, of course, full of crazy and misguided optimism — [and] the housing finance bubble in the last decade. I would argue you have a government bubble today, an education bubble, and still bubbles in various other areas where you have these sort of psycho-social phenomena. I always find myself very distrustful of intense crowd phenomena and I think those are things that we should always try to question, especially critically. But at the same time, it’s not simply going against the crowd; it is always the much more important question to try to figure out what the truth of the matter is.”

http://www.realclearmarkets.com/articles/2014/11/25/interview_with_peter_thiel_the_popular_contrarian_101401.html

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Getting U.S. Visa Took Longer Than Building Instagram: Co-Founder

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“Instagram almost didn’t happen, and the U.S.’s convoluted immigration system would have been to blame. Before Mike Krieger created the wildly popular photo-sharing app with business partner Kevin Systrom, he was living in Silicon Valley on a temporary work visa. If not for some lucky breaks navigating the country’s immigration process, our world of artfully filtered, boxy photographs might look very different today. While tech companies want to free up more H-1B visas, others in the U.S. are pushing for restrictions, saying foreign workers take American jobs and lower wages.”

http://www.bloomberg.com/news/articles/2015-04-08/getting-a-visa-took-longer-than-building-instagram-says-immigrant-co-founder

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‘Bitcoin Jesus’ Calls Rich to Tax-Free Tropical Paradise [2014]

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“The ever-expanding universe of what you can buy with bitcoins includes a hotel stay in Rome, a kimono in Tokyo, and cable TV in the U.S. Ver, a pioneer investor in bitcoin startups, now says he can add citizenship to the list.  Specifically, that’s the right to live in the Federation of St. Kitts and Nevis, two sun-kissed islands a three-hour flight from Miami. St. Kitts has run an invest-and-become-a-citizen program since 1984, making it the oldest of its kind. Plunk down $400,000 for real estate and you get a passport that allows visa-free travel to 120 countries. There are no taxes on personal income or capital gains and the islands’ restrictive disclosure laws offer shelter from outside scrutiny.”

http://www.bloomberg.com/news/articles/2014-06-15/-bitcoin-jesus-calls-rich-to-tax-free-tropical-paradise

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‘Bitcoin Jesus’ Visa Application Refused After Renouncing Citizenship

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“Roger Ver, a high-profile member of the Bitcoin community who is commonly known as ‘Bitcoin Jesus,’ has been denied a US visa — despite having been born in the country.  Ver is well known in the Bitcoin community as an entrepreneur and angel investor, having funded products including Blockchain, Ripple, and Blockpay. He became known as ‘Bitcoin Jesus’ after giving thousands of coins of the virtual currency away for free. Ver complains that the decision has forced him to miss speaking appointments at conferences and that the US embassy in Barbados refused to even consider the evidence for his application.”

http://www.businessinsider.com/bitcoin-jesus-visa-application-denied-2015-1

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Inside the Chinese Bitcoin Mine That’s Making $1.5M a Month

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“The mine we visited is just one of six sites owned by a secretive group of four people, part of a colossal mining operation that, as of our visit, cumulatively generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million.  Despite its dystopian appearance, the group’s six mining farms encompass eight petahashes per second of computing power, whose brute force, as of October, accounted for 3 percent of the entire Bitcoin network.  If you’ve bought or sold or conducted any Bitcoin transaction recently, these are some of the folks you have to thank.  Strangely, the mine’s workers actually live inside the facility itself, returning home just four or five days a month.”

http://motherboard.vice.com/read/chinas-biggest-secret-bitcoin-mine

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Bitcoin dealer sentenced to four years in prison

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“Robert Faiella, 55, and an accomplice were charged with conspiracy to commit money laundering and running an unlicensed money transmitting business. Faiella, who pleaded guilty in September 2014, was also ordered to pay $950,000.  He and accomplice Charlie Shrem, 25, were accused of running a company allowing people to use cash to buy bitcoins, and issuing $1 million in the virtual currency that is based on a mysterious computer algorithm.  Shrem was convicted to two years in prison on December 19.”

http://timesofindia.indiatimes.com/tech/tech-news/Bitcoin-dealer-sentenced-to-four-years-in-prison/articleshow/45967280.cms

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Dutch man injects Bitcoin wallet NFC chips into his hands

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“As an entrepreneur and founder of Mr. Bitcoin, a company that installs Bitcoin ATMs in the Netherlands and Belgium, Wismeijer had a 2 millimeter by 12 millimeter NFC Type 2 compliant NTAG216 RFID chip injected into the muscle tissue between his index finger and thumb on each hand. One he uses to store and overwrite common, everyday data, such as contact details, while the other holds his encrypted Bitcoin wallet key. After his doctor in Amsterdam understandably refused to perform the procedure, Wismeijer says he turned to a professional piercing artist to do the deed. Wismeijer is already planning to use his chips as keys to NFC-enabled door locks at his home.”

http://www.slashgear.com/man-injects-bitcoin-wallet-nfc-chips-into-his-hands-16355694/

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