Business Mentor

Jed McCaleb Revolutionizing Bitcoins and Cryptocurrency

It has been predicted that cyrpto-currency will change the way that stockmarkets, fundraising and global payments are handled in the future by Jeb McCaleb, a longtime developer. Starting with the bitcoin exchange Mt. Gox, McCaleb has been involved with a number of the largest crypto organizations. He is Stellar’s chief technology officer, focusing on a network of crypto-currency for payments across borders. Jed McCaleb has shared his views with CNBC.com about the technology of the underlying blockchain and the cryptocurrency that will become more stable in coming years.

 

 

 

McCaleb believes it is clear that there will be a network for payments that is universal in the future. One that will allow people to see a public ledger while using currency that they are familiar with. The times for nework transactions are a maximum of five seconds which is significantly shorter than that of bitcoin, allowing currencies such as the euro and U.S. Dollar to be exchanged quickly. A cross border system of payments is being used by IBM for working with larger banks. There are also a number of markets taht the coin offerings have not hit yet.

 

 

 

Autonomous Next, a firm for financial research, says that in four years there have been almost nine billion in coin offerings. Regulators attention has been gotten by the increase in fraudulent fundraisers but token sales are a new fundraising model. Digital coins can be purchased by retail investors to contribute directly to a project. Jed McCaleb believes that stocks and other non-cryptoassets will use the same technology to become digital. McCaleb believes that it will likely be decentralized since he believes in the next decade all equity could be in blockchains.

 

 

 

There are a number of new businesses working to connect traditional markets with digital tokens. Investors in Securrency out of Maryland can use bitcoin to purchase stock in the company. Mt. Gox exchange for bitcoin was created by Jed McCaleb who sold it to Mark Karpeles during 2011. The exchanged filed for bankruptcy after being hacked while Karpeles owned it. McCaleb is co-founder of Ripple which has the third largest XRP copin by capitilzation of the market. In 2014 McCaleb became Stellar co-founder.

Glen Wakeman Talks About Getting Funding And Becoming Sustainable

Glen Wakeman is a prolific entrepreneur, spending as much time writing about business as he spends engaged in it. His writing focuses on international finance, management and business administration, and any topic related to running a business in today’s market. While he is a success today, that wasn’t always the case. Glen was happy to share his insights into what it takes to make it as a 21st century entrepreneur.

 

Glen Wakeman on Getting his Start

While some people jump right into entrepreneurship without much formal education, Glen revealed that he first attended the University of Scranton. Getting degrees in economics and finance helped him to get a better handle on the mechanics of starting a business. While he had some ideas about what businesses he wanted to pursue, his education helped him focus those thoughts into a solid strategy.

In looking at other entrepreneurs, Glen noticed that many failed, because they lacked a good business plan. While their ideas may have been good, they didn’t have the expertise to execute their ideas in a real business. Glen saw this as an opportunity and launched a start-up platform, named Launchpad Holdings, to help those other entrepreneurs.

 

Funding Wasn’t Hard to Come by

While many new entrepreneurs struggle with finding funding for their ideas, this wasn’t the case with Wakeman. He already had the education and experience as an investor, so he was able to raise the money he needed without outside help. Supplementing the money he earned through market investments, Glen also raised money through his writing projects and other business ventures that he already had going at the time.

Just as is true of any new business, Launchpad took some time to begin earning a profit. Mr. Wakeman points out that it takes time for a new business to gain the momentum it needs to begin turning a profit. For Launchpad, this process was more gradual. While he admits there were times he lost faith in Launchpad, he adds that he stuck with it. Glen Wakeman is the first to point out that persistence is the most important trait an entrepreneur can possess. Those who are determined to succeed will usually win out.