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Spanning halfway round the globe – from Turkey to the United Arab Emirates to India, South East Asia and China – the book brings one on a fascinating tour of the complex business characteristics governing our neck of the woods. Let me highlight some of the book’s fascinating themes: Growth of Middle-Class Consumers.
Tapping into global markets – There are talented people in the world who can’t earn a “global market rate” for their services but when you open them up to global demand – boom! Think Tunia, Egypt, Syria and now Turkey. An obvious example of this is oDesk. Which leads to disenfranchisement. And rebellion.
Last week I wrote about how geopolitics can impact demand for public blockchain cryptocurrencies such as bitcoin. Cryptocurrency can serve as a (relatively) stable store of value when local currencies are devalued or taken out of circulation – most recently witnessed in Turkey.
Financial headlines over the past week focused on Turkey’s rapidly depreciating lira. Bitcoin was priced at a 12-15% premium on Indian exchanges vs US exchanges during that time given the increased demand. In order to protect themselves from such a move in the future, many people turned to the crypto market.
I don’t believe in cold turkey transition. You also need to make sure that you have a legal agreement that governs your partnership, how it will dissolve, what happens if somebody dies, what happens if somebody gets mad. That is how I became a brand in demand. If you and your partner are just alike, that’s not going to work.
Eren Bali arrived in Silicon Valley from Turkey in 2010 hoping to relaunch Udemy , his online education company. Eren came to the US from Turkey to work at a Silicon Valley tech startup, which is actually where I first met him a few years ago. EB : If you go really back, I was born in a small village in South-east part of Turkey.
If you read the headlines or talk with zealous friends you may well think cryptocurrencies are either our savior from bureaucratic, ossified governments or are purely speculative Ponzi schemes. More Stable Currency for Some Citizens of the World Some people don’t trust their governments with a national currency.
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