Updates from November, 2015 Toggle Comment Threads | Keyboard Shortcuts

  • Leon Apel 5:10 am on November 15, 2015 Permalink | Reply  

    Risk Management as a Course 

    I think one of the most valuable courses that aspiring students should take, that is not widely available, is risk management.

    Risk management should cover the following:

    • Managing insurance
    • Managing legal/compliance
    • Evaluating statistical probability/mathematical modelling
    • Understanding
    • Manage people and culture
    • International relationships/cross border relationships
    • Managing technological risk

    A great example of a fantastic risk manager is Travis Kalanick from Uber. In 1998, Travis dropped out of UCLA with some of his classmates to found Scour, a search engine for downloading potentially unlawful (copyright protected) content. He learned to navigate the risks of this business and applied this knowledge to successfully navigate taxi red tape/monopolies/regulatory hurdles in multiple countries.

    Another great example is Chris Sacca who has one of the most impressive track records as a venture capitalist. He has a great understanding of managing risk. He claims he had a negative net worth of $4 million and worked off his debt, eventually becoming a billionaire.

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  • Leon Apel 5:37 pm on November 8, 2015 Permalink | Reply  

    Early Thanksgiving Appreciation 

    Early Thanksgiving Appreciation: Thursday, November 26

    I think I should be more thankful to all the positive influences in my life.  If I forgot to thank someone it may be purely accidental Without further ado, I’d like to thank all of the following people (while preserving confidentiality):

    • Banks for providing me with the credit card facility I needed to start my business
    • Technological innovations which I’ve leveraged to build companies
    • Chess and video games for teaching about strategy
    • My father, mother, and one of my siblings who have been very trusting, generous and supportive despite coming from a humble immigrant background
    • My business partners who I expect to become increasingly successful who also believe in treating all stakeholders well
    • My team members who I’ve trusted for years and produce amazing quality work
    • All of my suppliers I used who have been very reliable and honest
    • All of my customers who trust the products/services I provided
    • All of my expert advisers
    • Philanthropists who sacrifice lifestyle to continue re-investing and solving hard problems instead of coasting on their previous success
    • Entrepreneurs who I’ve supported and want to help succeed
    • Scientists who apply their problem solving skills
    • Multiple countries that have been open for business and entrepreneurship

    I simply posted this to remind myself on all the positive influences.  I think the common element of the people I’m thankful for are people who are hard working and want to solve problems.

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