EP17: Jacques Voorhees - How He Revolutionized the Diamond Industry Before PCs

Published: Feb. 4, 2016, 3:36 p.m.

b"Jacques Voorhees \\u2013 Current Founder and CEO VeriChannel LLC\\n\\nAfter selling Polygon to Mediagrif Technologies, Jacques Voorhees launched his newest venture, VeriChannel. This company operates jewelry industry search engines in both the B2B and B2C space. Clients include De Beers' Forevermark, Independent Jewelers Organization, American Gem Society, and Worldmart*E in Panyu, China. The company's consumer-facing search engine is Gemfling.com.\\n\\nPrior: Founder and CEO Polygon Network, Inc.\\n\\nPolygon was the original, and is today one of the industry's primary, B2B online marketplaces, accounting for millions of dollars of transactions per day, and with over $4 billion in product listed daily.\\n\\nFind Jacques on Facebook at https://www.facebook.com/jvoorhees and let him know what you think about The Museum of Named Diamonds http://nameddiamonds.org/ \\n\\nJacques decides to get into the diamond industry: \\n\\nHas no background\\nNo background\\nNo experience\\n\\nHow did he create the company? \\n\\nAfter being told be everyone that he was crazy to get into the diamond industry because there is no way to sell an investment diamond after buying:\\n\\n\\u201cIf there's 26 billion dollars going into diamonds as an investment each year, and there is no liquid marketplace for these investors, then by god, someone needs to create one. And that was the light bulb moment from which I decided to create Polygon.\\u201d \\n\\n1970's: \\u201cThrow computers at it, and you could probably come up with a liquid market for diamonds.\\u201d\\n\\n2 Things that Jacques sees as important attributes for entrepreneurs but not talked about enough:\\n\\n1) Interpersonal Skills: Read Dale Carnegie's \\u201cHow to Win Friends and Influence People\\u201d\\nPractice: Go onto social media and debate politics. Try to engage people in a way where none of the \\n\\nJacques talks about Verichannel, and the company he is most excited about: \\u201cThe Museum of Named Diamonds\\u201d\\n\\nhttp://nameddiamonds.org/ \\n\\n\\nProductivity hack: Facebooking and creating relationships worldwide\\n\\nBook recommendation: \\u201cUp the organization\\u201d Older book \\u2013 exposed Jacques eyes to how a corporation runs http://www.amazon.com/Up-Organization-Corporation-Stifling-Strangling/dp/0787987751 \\n\\nMost influential entrepreneur: Don Wilson Founded LexisNexis, and mentored Jacques https://en.wikipedia.org/wiki/H._Donald_Wilson \\n\\nJacques knows more about the founding of LexisNexis than possibly anyone in the planet \\u2013 follow up episode? \\n\\nIf Jacques could change the world: He would change education. Make ~50% of K12, college education be focused on entrepreneurship. \\n\\n\\u201cThe whole educational system is oriented around: 'Oh you you have to learn all these things so you can go out and get a job. No. That shouldn't be the focus. The focus should be how to create a viable business.\\u201d\\n\\nFind Jacques on Facebook at https://www.facebook.com/jvoorhees and let him know what you think about The Museum of Named Diamonds http://nameddiamonds.org/"