EP 573: I Sell My Financial Data On This Podcast with BitMark CEO Sean Moss-Pultz

Published: Feb. 17, 2017, 5 p.m.

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Sean Moss-Pultz. He\\u2019s the CEO and founder of BitMark, the property system for the digital environment. It enables an individual to claim ownership of personal data and digital assets akin to how land registrars track land titles or patent offices track patents.

Famous Five:

  • Favorite Book? \\u2013 High Output Management
  • What CEO do you follow? \\u2013\\xa0 Andy Grove and Yvon Chouinard
  • Favorite online tool? \\u2014 Slack
  • Do you get 8 hours of sleep?\\u2014 No
  • If you could let your 20-year old self, know one thing, what would it be? \\u2013 \\u201cLuck plays a big role and you just can\\u2019t quit\\u201d

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Time Stamped Show Notes:

  • 01:28 \\u2013 Nathan introduces Sean to the show
  • 01:53 \\u2013 Anybody that has data coming out of Fitbit can establish ownership over that data and can list it for sale or protect it
  • 02:11 \\u2013 BitMark\\u2019s business model is that they earn a small commission
  • 02:31 \\u2013 Fitbit\\u2019s data is in your phone
  • 03:08 \\u2013 We don\\u2019t have property rights on our data
  • 03:40 \\u2013 Download BitMark\\u2019s software to sell your data or protect it
    • 03:58 \\u2013 BitMark is currently on beta mode and only desktop software
    • 04:09 \\u2013 BitMark works with IFTTT
    • 04:56 \\u2013 BitMark\\u2019s software can generate a link for your data that you can share
  • 05:40 \\u2013 You can make around $50 a year for selling your data
    • 05:59 \\u2013 This is for location data alone
  • 06:15 \\u2013 \\u201cData is the next big asset class\\u201d
  • 06:30 \\u2013 Can I use BitMark\\u2019s data to sue someone for using my data?
    • 06:50 \\u2013 Sean has talked to lawyers and his father is a lawyer
    • 07:42 \\u2013 Sean thinks the court system will understand digital property titles
  • 08:51 \\u2013 BitMark was launched in 2014
    • 09:00 \\u2013 Sean\\u2019s co-founders are from his previous company
  • 09:42 \\u2013 BitMark just closed a seed round for $1.7M
    • 10:18 \\u2013 BitMark is based in Taiwan, with 12 people
  • 10:41 \\u2013 BitMark has raised from WI Harper Group, which is Taiwan-based
  • 11:08 \\u2013 BitMark is currently on pre-revenue
  • 11:17 \\u2013 Sean is hoping for revenue this year
  • 11:53 \\u2013 Sean mentions how part of their expenses go towards his travelling expenses\\u2014going to and from New York and Taiwan
  • 12:33 \\u2013 BitMark will launch both in Asia and USA
  • 13:10 \\u2013 BitMark is actively recruiting buyers who are interested in health data
  • 14:30 \\u2013 Sean looks into location data, health data, fitness data, and financial data
  • 14:50 \\u2013 Nathan proposes a deal with Sean
  • 16:40 \\u2013 The Famous Five

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3 Key Points:

  • Our data is as unique as our thumbmark\\u2014protecting it isn\\u2019t a bad idea.
  • Data is the NEXT, big asset class.
  • Luck plays a big role in your success and you just can\\u2019t quit.

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Resources Mentioned:

  • Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
  • Drip \\u2013 Nathan uses Drip\\u2019s email automation platform and visual campaign builder to build his sales funnel
  • Toptal\\xa0\\u2013 Nathan found his development team using Toptal for his new business Send Later. He was able to keep 100% equity and didn\\u2019t have to hire a co-founder due to the quality of Toptal
  • Host Gator\\xa0\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
  • Audible\\xa0\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
  • The Top Inbox\\xa0 \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
  • Jamf \\u2013 Jamf helped Nathan keep his Macbook Air 11\\u201d secure even when he left it in the airplane\\u2019s back seat pocket
  • Freshbooks \\u2013 Nathan doesn\\u2019t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW
  • Show Notes provided by Mallard Creatives
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