Salesforce (NYSE: CRM) recently announced its second quarter results that continued to surpass market expectations. But its weaker than expected outlook caused concern as the global recessionary conditions appear to be hitting the tech giants as well.
>>>Sramana Mitra: What dataset are you working with? In this example that you gave where somebody lost a job, where is that signal coming from that person who has lost a job? Are you expecting the person to report that they’ve lost a job? Where is that signal coming from?
Ed Wallen: It depends on the geography that we’re operating in. In the US, UK, and most of western Europe, we have different data providers that trigger or signal those cases to us that we’re able to ingest in real-time as that happens and then react to it.
>>>Sramana Mitra: Could you describe the process of figuring out what you wanted to eventually build a startup on? What was the process of coming up with that problem?
Rafael Ortiz: What we did is counter to what a lot of people advise. A lot of people advise finding the problem and doing something that you’re passionate about. We didn’t do that. It was very much an MBA kind of exercise. The most important decision was deciding that we were going to start the company. Once you decide, everything then starts happening. The hardest part was making that decision.
>>>Sramana Mitra: Let’s do use cases. You talked about AI models. Where are you firing AI models to achieve what use cases?
Ed Wallen: It’s really on a number of different facets depending on the nature of how our client operates. Generally speaking, the most common are the propensity-to-pay models. They’re action-effect models. What actions are going to lead to the desired outcomes? There’s also mathematical optimization based on the characteristics of this archetype or account. What is the optimal strategy or treatment to put them on that’s going to lead to the desired business outcome?
>>>As you know, I have a passion for personalized luxury fashion and ventured into that market early on in 1999 when the market wasn’t quite ready for it yet. Rafael is building a wonderful luxury fashion venture with unique personalization details.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Blue Vastness II
Blue Vastness II | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8 x 8, On Paper
In this interview with Noah Smith on Noahpinion, Vitalik Buterin, the co-founder of Ethereum, talks about proof-of-work vs. proof-of-stake, the recent crash in crypto markets, cryptocurrency security, decentralized governance, and “startup societies”. For this week’s posts, click on the paragraph links.
>>>Yanev Suissa, Managing Partner and Founder at SineWave Ventures, discusses his firm’s successes as well as investment thesis. Vertical Cloud is one of the key ones with an emphasis on Enterprise Data Platforms.
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