​The Rise of Startup Societies, Competitive Governance, Decentralization, and other Disruptions in the Economy

David Drake  |

At the utmost left is Sophia, the only non-human presenter at the conference, with David Hanson, her inventor and the CEO of Hanson Robotics Photo credit: The Soho Loft Media Group

The many changes happening across the world require us to come together and build strong societies. I have personally worked with different companies and individuals focused on making this world a better place. The goal - make sure people have access to financial services easily, quickly and affordably. It is always an exciting experience and that is why the power of startups cannot be overlooked.

Held at the City College of San Francisco, CA from August 11 to 12, 2017, the Startup Societies Summit brought together more than 300 decentralizers in various sectors including those in disruptive technology, fintech and culture. Some of them are economists, engineers, technologists, policy experts, investors and entrepreneurs.

startupSocietiesSummit_DDandXXX_IMG_20170812_135035.jpg From left to right: David Drake, LDJ Capital Chairman; Mike Costache, Blockchain Investor & Advisor; and Brad Yasar, Architect, Consultant, and Designer in Los Angeles, California Photo credit: The Soho Loft Media Group

The summit participants discussed the expanding and fascinating industry of competitive governance and the role that entrepreneurship plays in driving better governance. The summit, which was organized by Joe McKinney, CEO of the Startup Societies Foundation, gave participants the opportunity to network, learn, engage and share valuable information about better governance.

GreeneumIMG_20170812_135326.jpg Greeneum CEO and Founder Assaf Ben Or presented on the energy market Photo credit: The Soho Loft Media Group

Many startups are disrupting the way financial services are being offered. These startups are using the latest fintech technologies such as cryptocurrencies and blockchains. The price of bitcoin is over $4,000, with the bitcoin market cap at around $70 billion. Several other digital currencies are also performing strongly. The market cap of cryptocurrency industry as a whole now stands at over $140 billion, having increased from about $11 billion a ago. These startups aim at decentralizing financial services so as to make them easily accessible and cost effective to everyone.

Among the topics expounded at the summit were the importance of startup societies, new Silicon Valleys and decentralized regulation, seasteading in French Polynesia, from nation states to stateless nations, threat management in startup societies, the rise of startup societies, evolving beyond politics and the nation state, special economic zones and economic development, refuge startup societies, decentralized regulation, how to fundraise for startup societies, initial coin offerings, eco-villages and land endowments, and working with governments to make startup societies. Presentations and discussions on these topics were led by professionals with the brightest minds in governance.

Propy_IMG_20170812_163123.jpgDavid Drake with Denitza Tyufekchieva, co-founder and Business Development Manager at Propy.com

Some of the speakers at the conference were:

Worldcrypto.gold was the platinum sponsor while gold sponsors included Habitat.ventures, Propy, BLOCKv, DecentraNet, Grello, Everex, BlockStreet, Network Society VenturesBitcoin.com, Open Ledger, and Science Blockchain. Bancor was a silver sponsor of the summit whereas OWLshares, Velton.Zegelman, Greeneum and Changelly were bronze sponsors. Social Impact Consulting, Serendipia and Securrency were supportive sponsors. The media sponsors for the event were Bitcoin.com, Social Evolution and The Soho Loft Media Group.

The current happenings and projections in cryptocurrency industry are a real demonstration of the disruption happening in the market. Above all, competitive governance is very important in the success of startups. I am sure that all attendees of Startup Societies Summit in San Francisco, CA now understand better the relationship between governance and startups. The summit was very informative and educative. I intend not to miss a similar event in the future as it helped me learn from and share with the best minds. And of course the networking part was exceptional.

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