Lessons From the First 120 Days of Rewirement

Our friend Ron Suber sent us a post he recently published on his new blog – Ronsuber.com – on what he has experienced in his first 120 days of rewirement since exiting from Prosper earlier this year.  He certainly has been busy and we look forward to hearing more from him in the next 120 days and beyond.
(Cindy Taylor/Publisher)


Guest Post By Ron Suber, Rewirement.com

Listened. Learned. Shared. Invested. Rewired.

The first 120 days were filled with new languages, cultures, histories, beliefs, and people. I visited four foreign lands that were completely new to me, and no, New York and Silicon Valley were not on the itinerary.

Here are some lessons I’ve gained from the journey.

LOCATION: Mexico City

LESSON 1: Being first, ahead of your time and unique doesn’t guarantee success and longevity.

I visited Mexico City to meet with the Latin America FinTech, VC and emerging entrepreneurial community. I spent time on the Teotihuacán Pyramids (third-largest pyramid in the world). Built around 100 BC, these pyramids were the centerpiece of an enormous ancient city that is often compared to Rome. Constructed with precise astronomical measurements and many tools never seen before its time, the Pyramids were inexplicably abandoned centuries before the arrival of the Aztecs.

LOCATION: Australia

LESSON 2: Even the Big can fall, but once they fall…room, sunlight and oxygen appear for others to grow.

I visited Australia to meet with the venture capital, bank, tech and vibrant entrepreneurial community there. I hiked the Daintree jungle and surrounding forests to see amazing 50-100 meter tall trees capable of lasting for 1,000 years. However, many were down on the ground before their time; they were felled by Mother Nature, poor positioning, invading vines or the competition for resources in the jungle.

LOCATION: Australia & Singapore

LESSON 3: The USA credit card and payments industry has a long way to go to catch up.

No one (and I mean no one) swipes a credit card nor inserts a chip credit card in a machine and then signs a paper receipt in Australia and Singapore.

Services like PayWave are the inevitable future…”

Full Post are Ronsuber.com