Posted On: 01/26/2014 11:09:25 AM
Post# of 921
$BLAP
last Radio Talk Show with Tobi Schneier - a few points
Guest was Scott Shay, CEO of Signature Bank
As a student, he helped translate English to Hebrew for State-owned Israeli Banks, and noticed that they didn't really understand the scientific bank language - he soon became their "expert" and was groomed to be a major person in the Israeli Banking World.
Came to USA and saw a Market Gap - banks for Small and Middle Businesses.
He talked at length about Big Banks - I would highly recommend listening to this program - find it at
blastapplications.com
Bought a bank with a group of investors, and went from " no customers and no revenues, and 3 million $ loss per month in costs" to breaking even after 21 months and going public after 34 months - paid off investors ( they got a 40% profit).
He stressed the importance of "trust" and "trustworthiness"
Dino called in and talked to him about growing a small business. Mr. Shay praised new organisations like T.E.D. (Technology, Education and Design) - a forum for new ideas. He said that his bank was interested in helping new growing companies similar to Blast Applications.
As always, Tobi was charming and entertaining, keeping the tempo of the program moving quickly - there were LOTS of listeners.
prof
last Radio Talk Show with Tobi Schneier - a few points
Guest was Scott Shay, CEO of Signature Bank
As a student, he helped translate English to Hebrew for State-owned Israeli Banks, and noticed that they didn't really understand the scientific bank language - he soon became their "expert" and was groomed to be a major person in the Israeli Banking World.
Came to USA and saw a Market Gap - banks for Small and Middle Businesses.
He talked at length about Big Banks - I would highly recommend listening to this program - find it at
blastapplications.com
Bought a bank with a group of investors, and went from " no customers and no revenues, and 3 million $ loss per month in costs" to breaking even after 21 months and going public after 34 months - paid off investors ( they got a 40% profit).
He stressed the importance of "trust" and "trustworthiness"
Dino called in and talked to him about growing a small business. Mr. Shay praised new organisations like T.E.D. (Technology, Education and Design) - a forum for new ideas. He said that his bank was interested in helping new growing companies similar to Blast Applications.
As always, Tobi was charming and entertaining, keeping the tempo of the program moving quickly - there were LOTS of listeners.
prof
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