Thursday, November 12, 2015

STRT580 Startups Matter Class 3

#1
Blake Hall is founder and CEO of IDme. IDme is a company that provides online credential verification. Blake is a veteran and an entrepreneur. His company fills a void created by the inability of the US federal government to provide secure, mandatory, and verifiable identification for the citizenry. This failure is one of political will, not of technological limitation. This is where IDme comes in.
Blake is an Army ranger who served in Iraq in 2006-2007. IDme began life as troopswap.com a way for service members to e-verify their status and qualify for existing zero cost veterans benefits. From that point Blake realized there was a large underserved market for identity and cohort verification.
Blake is a successful entrepreneur because he recognized a political failing (inability to publicly e-verify citizenry) and found a market based solution. PRC has an RFID identification card that is integrated into the national transit system and serves over 900 million citizens. India has biometric identification mandates tied to wealth transfers to the poorest of its citizens.  Empirically, the problem IDme is solving is one of political honesty and the role of government not one of technology.  IDme is making a be that the federal government will continue the existing behavior of monitoring citizens digital movements without explicitly mandating a comprehensive identity solution. This gap provides a big opportunity for IDme to thrive in the foreseeable future.
Identification is critical to any successful city. Anonymity provides opportunity for criminal behavior that cannot be punished. Identity is accountability. In a smart city on the hill, privacy is dead, get over it.
#2
Tim, Ben, and Nicole presented non-market strategies for product (or service) success. To create a consumer market for a device capable of having a real positive impact on the US mortality rate a carbon monoxe detector manufacture chose to use nurses, doctors, and state legislatures to mandate the installation of their devices. An alternate path would have been to educate consumers so that each individual would see value in the choosing to install a carbon monoxide detector on their own. Consumer education is difficult, expensive, and time consuming but will increase maintenance (and thus effectiveness) of warning devices in the long run.

A theme from Tim, Ben, and Nicole was an acknowledgment that the existing regulatory environment is well intentioned and directed by people who are also well intentioned. Impact can often be maximized by working with these regulators to highlight the positive outcome for consumers or citizens that the new technology brings. 

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