Host: Xiaochen Zhang, Founder and CEO of FinTech4Good
About Alex Mashinsky
Founder, Celsius Foundation
Alex is a serial entrepreneur and founder of seven New York City-based startups, raising more than $1 billion and exiting over $3 billion. Alex founded two of New York City's top 10 venture-backed exits since 2000: Arbinet, with a 2004 IPO that had a market capitalization of over $750 million; and Transit Wireless, currently valued at $1.2 billion. He has also been a featured speaker at more than 120 conferences and in TV interviews, and he is the author of over 32 patents relating to exchanges, VoIP, messaging and communication. Alex has received numerous awards for innovation, including being nominated twice by E&Y as entrepreneur of the year, in 2002 & 2011; Crain's 2010 Top Entrepreneur; the prestigious 2000 Albert Einstein Technology medal; and the Technology Foresight Award for Innovation (presented in Geneva at Telecom 99). Alex is considered to be one of the pioneers of VoIP, with foundational patents dating back to 1994. Many of today's hardware and software designs originated from these early ideas. As the leader of web-based exchanges, Alex authored patents that cover aspects of the Smart Grid, ad exchanges, Groupon, Twitter, Skype, App Store, Netflix streaming concept and many other top-performing web companies. Additionally, Arbinet’s fundraising story was featured as a case study in 2001 by Harvard Business School.
Q1: Why would you choose blockchain as your next big thing?
Q2: When you go back for this long thinking process, is there any event, person or company who contribute in shifting your thinking?
Q3: Compare to the traditional ones that you use network concept to provide member with better service. How to become a member? Compare with other financial service providers, do you do KYC differently, and do you acquire client or member in a different way, but still can fulfill all the potential financial regulations?
Q4: Traditionally, in the financial sector, we always see the tension between borrower and lender. When we bring these two concepts we see the risk is everything we are talk about. From this smart contract-based network you are providing the same service in a different way. How does this really transform the relationship between borrower and lender?
Q5: Take this from both the borrower and lender side, by participating in the network that how much costs can the network help them to save, comparing with the same kind of service they provide or receive?
Q6: Ideally everyone can see it, but do you have any incentive mechanism that they really see it?
Q7: For the new system you are building, who are your clients?
Q8: Where do you stand now, and where do you want to be in 5 years? To go there, who you want to work with?