Digitalization, Disruption, Relocation

Life goes digital and changing our world. Airbnb, Instagram, Uber, Whatsapp, Blockchain etc.

Your industry, the business you have built and love, may already be watched by some disruption vultures. These are tech people, identifying limitations of your business model and re-inventing it, applying latest digital technology, making your company obsolete.

There is another aspect: re-localization.

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Source: leebirds.com

In the past, tech firms had one choice only to become really succesfully: Silicon Valley.

But digitalization, kind of invented there, now enables businesses to settle somewhere else,  and have even some advantages, the Valley can’t offer: immigration, taxes, operation and living costs, climate and investment opportunties.

We’re in Panama for a reason, some of them.

 

Stay with us to speak about how to disrupt your business model yourself. 

Why we are qualified to do so? Look here.

 

 

 

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Business disruption gone wrong

2 weeks ago I have transferred administration of one of my business domains to DOMAIN.COM, in order to have all my domains under one roof, simplifying life.

Was I wrong. Just the opposite happened.

First it took 2 days until my Website was up and running again. Could be normal or not. Then I found that my Webmail wasn’t working. Could be fixed by changed settings myself, with help of my home admin.

Then I had gotten one or 2 emails with a subject “Confirm your domain”. There was no more explaining text and not even a signature, which was strange, so I checked the domain it came from: domain-inc.net.

Here’s the Website:

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Didn’t look like something official, so it was ignored as spam. Not a good idea.

Few days later my domain was suspended and since then I am spending lots of time in the domain.com support chat.

After having sent more verification documents on saturday, we’ve been told that over the weekend the verification department does not work.

This monday morning we’ve been told that the verification department is understaffed today because of tomorrow’s national holiday and we now don’t expect them to be back to work before wednesday.

Reminds me of some stories in the past with a similar background: Almost all serious businesses have streamlined their everyday processes to efficiency and it works very well. Most of the time. But when something goes wrong, it gets really complicated. As here and now.

Some time ago we’ve sent an overnight package by UPS or Fedex or DHL. Didn’t arrive in time and not at all. So we’ve had to resend it, using the same carrier. At pick-up, the employee seriously insisted to get paid for this order as well, not accepting the fact that we’ve paid already, weren’t served as contracted and even had experienced real damage.

So before a business gets disrupted in a constructive, forward-moving way, more attention has to be spent on avoiding unintentional disruptions.

 

 

Panama – between two oceans

Doing business in a relaxed way, living a tropical lifestyle and investing into affordable oceanview property is what makes Panama an outstanding location for entrepreneurs. Here’s a short report, showing what possibilities there are.

Owning a small aircraft in Panama is a great experience. Where can you visit 2 oceans within an hour, cross the jungle while flying from one to the other and end up in a modern metropolitan area? Panama is the answer.

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Few days ago I’ve been starting my Light Sport Aircraft from my homebase in Chame, one hour west of the capitol. Under guard of Panama Advisory and climbing to 5,500 ft, after few minutes the city and Panama Canal entrance appear below.

 

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But I am heading to the Caribbean coast east of El Porvenir today. Turning east from there opens the world of San Blas, a world of coral reefs, palmtrees on small sandy islands, and yachts visiting.

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Climbing up to 9,000 ft and flying 50 nautical miles along the coast brought me to the Kuna Yala village of Playon Chico, with a short airstrip, after some more along the route.

Turning south from here, it is 40 nautical miles only to the Pacific coast and 20 more to the islands of Las Perlas Archipelago. Another tropical paradise.

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After 3 hours and 250 nautical miles, I landed safely on Scarlett Martinez International Airport, where hundreds of all-inclusive tourists from Canada arrive on a weekly basis, getting some tan in Riu, Royal Decameron or Playa Blanca Resort.

What else would you like to do in Panama, all year round?

  • Sailing? Check.
  • Wave and kite surfing? Check.
  • Scubadiving? Check.
  • Kayaking? Check.
  • Gamefishing? Check.
  • Mountainclimbing? Check.
  • Skydiving? Check.

Come and see and live.

(C) All pictures by Panaviacion

 

 

On historic ground

The Computer History Museum in Mountain View, CA was the place for a 500startups DemoDay this week. As advisor to Myfavorito Inc., one of the batch 19 companies, I have thankfully been invited to join.

 

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(C) SusieS

What a place: Here are the Fairchild Semiconductor patent and laboratory notebooks preserved and exhibited, dating back to the late 1950s, and being the fundament for the tremendous technological progress we experience and enjoy nowadays. Rightfully, Fairchild is described there as the “Trillion Dollar Startup”.

One of the founders was Gordon Moore, who defined Moore’s law. Based on their work and progress in early integrated circuits it projected exponential growth in number of active elements per chip and thus performance, decrease in costs. Still valid today and we are already experiencing the steeper slope of this exponential curve.

The 500DemoDay was an all-day event where 40 companies presented to potential investors , in a 2-minutes pitch on-stage and later in a more casual one-to-one environment. The event has been extremely well prepared and professionally run, fully booked by interested parties.

Our company had more than 25 serious conversations to be followed up in the next weeks.

All the best to Myfavorito.

 

 

Autonomous cars? Think bolder.

Just stuck in a 1-hour traffic jam few days ago because of some wires fallen across the Interamerican highway. And as this is the backbone of Panama, there is no way to go around. Time to go over it, literally.

Bad news: all the upcoming autonomous driving cars will not change this. Not at all. But the solution is above our heads: kind-of-autonomous flying objects. (AFO)

Here is what imho is the best concept and first real prototype ready to fly this year:

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  • Fast as a jet
  • vertical take-off and landing
  • light-sport category
  • 36 engines (electric fans)
  • 6 battery packs
  • 3 computers
  • 2 seats
  • 1 airframe parachute.

It is Lilium’s electric jet, developed by a Munich-based start-up that lately got a €10mio capital infusion.

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This aircraft can take-off and land on a helipad or elsewhere. No runway, no emissions. Once in the air it travels as fast as 180 mph and goes for 300 miles.

Consider it as disruption in personal travel and keep watching here

All pictures (C) Lilium Aviation

Mission accomplished, finally

When the new economy crisis hit in 2001, our Germany-based family software business had just missed to get established in the U.S.

Fifteen years later, our sons have been successful.

 

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Experience collected during these years and marketplace knowledge diligently aquired, has led to a brandnew product with some potential.

Now participating in 500 startups’ program. Congratulations!

Want more details? Here.

 

Tearing down walls, but …

Peter Diamandis’ TechBlog starts like this today:

With all the talk of building walls, it seems to me that technology has actually been rapidly tearing down walls.

Besides your passport, what really defines your nationality these days?

Is it where you were live? Where you work? The language you speak? The currency you use?

If it is, then despite an increase in “nationalism” (i.e. BREXIT), we may see the idea of “nationality” quickly dissolve in the decades ahead… Or at least become an option you choose versus assume as a default.

Residency, currency and language are rapidly being disrupted and dematerialized by technology.

Peter is describing the world from a tech-pro perspective and I understand. Even more, as my life has been massively influenced by the teared-down Berlin wall.

There is, however, more to consider:

In Europe, countries have and are being flooded with strangers unchecked, who do not subscribe to our culture and belief system, even fight our lifestyle. Just the opposite of the e.g. Indian entrepreneur who is doing business in or with the Silicon Valley. 

In Europe, an unelected bureaucratic monster is more and more influencing the citizenry’s everyday life, changing the world in a way a “Kommissar” thinks it should be.

This kind of experiences has caused a situation when boarders are built again as defense, mentally and physically. 

And don’t forget that people have roots. Just recently I have been able to track my ancestors as far back as 1600. It is a very personal and exciting lesson in history. Kind of proud of what battles they had to fight and survive. However, these roots have not held me back in considering another part of the world home today.

The catch is that technology is developing exponentially, at high speed, increasing. Human beings can barely keep pace and societies just don’t.

What to do about it? Debug politics, teach people, develop societies?

All of it.

 

 

 

Digitalization and the growing gap

Digital technology is developing exponentially. As it grows into more and more industries, their ongoing development not only accelerates, but becoming disruptive.

The general public can’t follow, getting more and more separarated from the digital elites. Consequently, digitalization is creating fear for average people.

We must not watch this gap growing. But what to do about it?

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We can’t slow down technological development, so there is the other side only left to influence: human beings, their knowledge, understanding and involvement.

Real progress is made by advanced technology, combined with its understanding, acceptance and daily usage by as many people as possible.