Sunday, September 08, 2013

Lifting Up Billions Requires Technology

Imagine, you touch the glass screen, and the microfinance company gets to see your credit history tied to your figerprint. And you get a loan sent to your phone m-Pesa style. You make your minimum monthly payments over the phone. The phone cost you $30 to buy because you agreed to watch ads. And the internet connection to it comes from Google Loon balloons far up in the sky. By the way, the phone also lets you participate in MOOCs, Massive Open Online Courses. You have been educating yourself in the middle of nowhere. There was a voice based community of your "classmates" that you have never met. And the phone comes with apps that are as good as a good doctor for the basics.
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How To Massively Scale Zady


Crowdsourcing and Big Data and a rating/flagging system.

I don't need to know Sergey Brin to be able to post an ad on Google. It is an automated process. I don't know Morgan Freeman, I mean Meg Whitman, although I believe I do follow Pierre Omidyar on Twitter ("Can you like tweet back once in a while, Omidi?") but I can list items on eBay just fine.

Zady runs the risk of ending up interesting and small. But it has the potential to be really big. And big is when you make it easy for people to get on the Zady train. I hope the startup has a great CTO who will put the brains to carve out a great tech solution to the scaling issue.
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