Day 1
Apr 13, 2022
9:30 am

Building SaaS companies, Privacy, & Crypto

Mike joined Foundry as its founding CEO in October 2019. Previously, Mike led business development at Core Scientific, which, during his tenure, grew into North America’s largest cryptocurrency hosting company. He was the President and COO of Savage IO, a small, Western NY-based 3MW mining company, where he continues to serve as a Board member. Mike has spent the last 4 years navigating the large-scale mining space, building strong relationships with key industry participants. Before his pivot into the crypto industry, Mike was an operational and commercial executive for manufacturing and distribution firms for more than two decades, often serving at the behest of private-equity backers. Mike started his career at GE. In 2007, Mike and his wife, Lisa, co-founded the Clairebear Foundation, a non-profit that supports families with sick children. Mike graduated from the State University of New York at Buffalo with a Bachelor of Science in Civil Engineering and an MBA in Corporate Finance.

About this session

Co-presented by Mike Colyer and Rob Shavell

Blockchain Technology Infrastructure and Its Impact on Institutions

This session will give a high-level overview of blockchain technology infrastructure, why it’s a growing importance to institutions, and how Foundry is building those offerings through our Proof of Work and Proof of Stake services. Headquartered here in Rochester, NY, Foundry is building the infrastructure to further empower a decentralized world. Foundry has seen astounding growth since their start in 2019 (from 2 to 100+ employees!).  CEO and Rochester native Mike Colyer will discuss what this means for Western NY and how those interested may be able to get involved. 

Takeaways:

  • High level overview of blockchain infrastructure, and Proof of Work and Proof of Stake
  • How institutions are being impacted by blockchain technology
  • What Foundry’s presence in Western, NY means for the community
  • Foundry is hiring!

Mike joined Foundry as its founding CEO in October 2019. Previously, Mike led business development at Core Scientific, which, during his tenure, grew into North America’s largest cryptocurrency hosting company. He was the President and COO of Savage IO, a small, Western NY-based 3MW mining company, where he continues to serve as a Board member. Mike has spent the last 4 years navigating the large-scale mining space, building strong relationships with key industry participants. Before his pivot into the crypto industry, Mike was an operational and commercial executive for manufacturing and distribution firms for more than two decades, often serving at the behest of private-equity backers. Mike started his career at GE. In 2007, Mike and his wife, Lisa, co-founded the Clairebear Foundation, a non-profit that supports families with sick children. Mike graduated from the State University of New York at Buffalo with a Bachelor of Science in Civil Engineering and an MBA in Corporate Finance.


Building SaaS companies, Privacy, & Crypto

This session will provide attendees a free-ranging discussion starting out with tips on how to build repeatable subscription software businesses and then veering down the rabbit-hole of privacy and crypto/blockchain.  We’ll address opportunities and gotcha’s for existing and prospective-stage entrepreneurs exploring any of these areas. 

Takeaways:

  • Considerations for doing a blockchain startup vs. traditional SaaS
  • Opportunities in Privacy for startups over the next decade
  • Pro’s and con’s of running more local vs. global virtual WFH businesses

Rob Shavell is a co-founder and CEO of Abine, a leading online privacy company offering the popular DeleteMe service).  Rob has been quoted as a privacy expert in the Wall Street Journal, New York Times, NPR, ABC, NBC, Fox News, and many more.  Rob is also an investor with Accomplice Blockchain, a $300M early-stage fund and earlier was an associate at SOFTBANK VC in Silicon Valley.  

Rob has a BA from Cornell where he began his studies in the school of Architecture.  A former volunteer teacher for inner-city youth in New York and California, Rob now contributes time to outcomes-focused philanthropy efforts such as www.givewell.net, www.rocainc.org and skis, reads, and plays records as time permits.

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