Token Generation Events (TGE’s) have proliferated as an alternative means of funding a Start Up. There are some compelling opportunities for the entrepreneur over conventional VC and Angel options. This is the (unfolding) story of how one navigates a fast changing landscape where the SEC looms, Token Economics is religion, Skepticism is growing, Exchanges can help or hurt you and potentially tens of thousands of people in dozens of foreign countries are your investors. I’m all in and I’ll tell you why…..
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Michael Culhane was born and grew up in South Africa. He holds a BA in Psychology, an Honors Degree in Economics and an MBA from the University of Cape Town. After a 3 year stint doing Econometrics for S.A’s largest Asset Management firm, he emigrated to the US to develop the marketing for a Wildlife Tourism company that became a pioneer in the low footprint, high revenue model that is now called Eco-Tourism. After sale of that business in the mid 1990’s and the advent of a nascent internet and the promise of an online distribution model, he left the operating side of the travel business to focus instead on the technology side that he believed would radically change the way travel was bought and sold. He has been a founder or co-founder of a number of businesses in the content aggregation, content optimization and Corporate Travel space and is regarded as an expert in both online and legacy systems that manage and distribute the Air and Hotel content. Both the mission and the muse has afforded or inspired travel in over 120 countries around the world.
His present company, TripX, now intends to massively improve the way in which Global Suppliers are paid and remunerate their re-sellers via Blockchain based solutions that could significantly reduce back office costs throughout this $8 trillion global industry.