The past year was a violent one for the tech industry.
There was a new debate clearly every week, either it was Uber’s innumerable scandals; more personal information breaches; Russia’s use of amicable media and other online platforms to try and influence U.S. voters; growing concerns over tech giants’ power; and a series of sexual bungle allegations opposite masculine investors and association executives.
Xconomy recently reached out to business and record leaders from around our network to put 2017 in viewpoint and look ahead. Below are the highlights from our e-mail sell with businessman and financier Dave Balter, a partner with Boston-based Flipside Crypto, a cryptocurrency investment services firm. (Balter formerly led the companies BzzAgent, Smarterer, and Mylestone.)
Xconomy: Have your personal patterns of record use altered as a outcome of something that happened in 2017? If so, how?
Dave Balter: Actually, [there was] very little change in my tech use pattern. we didn’t rush Uber for Lyft, for example; not because we don’t think Uber’s function was sum and calculated, but because we always found the Uber use to be a bit more effective, and their new leadership is operative to right the ship. I’m a big fan of faithfulness to services that perform—and, largely, Uber did for me.
I did, however, notice a genuine change in the function and opinion of tech village participants formed on #MeToo and inapt masculine activities. Many VCs refusing to have sealed doorway meetings or private drinks with womanlike entrepreneurs, and we beheld one who refused to put his arms around shoulders or backs in any photos. More than that, we beheld a general, certain change in male-to-male banter—less risqu� joking around, and much more attraction to, our equal womanlike counterparts.
X: If you think open notice about the tech industry incited for the worse in 2017, what should the attention do to reconstruct trust in 2018?
DB: Here’s the hapless truth: the tour of the tech industry’s masculine rapacious function was surpassed by the party and domestic industry’s possess outings. No one talks about Dave McClure anymore because they’re focused on Harvey Weinstein and Al Franken and Roy Moore. My only wish is that the concentration on tech wasn’t too short, that more people come forward, and that energy dynamics continue to redefine themselves into a more offset ecosystem.
X: Have you practiced your investment criteria in light of changing public attitudes toward the tech industry?
DB: I’m doing much reduction investing these days, as I’ve been focusing instead on the cryptocurrency market. This has zero to do with open attitudes, just my possess oddity itch.
X: What are your predictions for the blockchain and cryptocurrency sectors in 2018?
DB: Cryptocurrency is just removing started, to be honest. The [financial] institutions will arrive in full force in 2018, and that’s going to emanate even more seductiveness and speculation. There will be a number of ups and downs, but generally this is still a very good time to invest in the cryptocurrency market.
I do trust we’re going to see a vital change in the tip cryptocurrencies, as more effective blockchain technologies (i.e. Japan’s Cardano) come to market, and we see loyal application from a number of tokens. Expect some surprises.