My Pitch on TWiST
Friday afternoons if you are able to, carve out an hour or two for Jason Calacanis at This week in Startups (TWiST). It is a great show for Startups and Jason is inspirational and always has great guests. Today his guest was Gary Vaynerchuk - an absolutely unbelievable entrepreneur and mentor, check him out.
The show has a “Shark Tank” segment and I was lucky enough today to be part of that segment. I am not sure how I did but I will find out when I listen to the iTunes podcast version of the show when they post it. Thank you to Jason and his crew for the opportunity and the show which I love and never miss and thank you for the great advice and networking.
The pitch I made on TWiST and the reason I started listening is because of a product that I am working to bring to market and I am learning how to do it. The product is an accounting software system that - among other great things can prevent fraud. I started designing it as a fix for other reasons and for my own use but then in 2004 I read a report that estimated losses of $600 billion a year to accounting fraud - everyone pays for that - it all gets passed to the consumer and taxpayer and that upsets me. I think accounting systems should be able to prevent that and I don’t think any of them do and that upsets me - so I set out to fix it. I now know how to fix it and I am doing something about it.
I have spent several years working on the design of my system and this site is one side effect of my work. In the course of my research I had to take the accounting system apart and turn it upside down and then put it back together. The knowledge I have gained from that process is what I have tried to pass on to you on this site. ** The information on this site is strictly about the double entry accounting system, it does not describe my changes to accounting software.
The next thing for me really - is changing the world for the better with my system which does this now - it dramatically reduces the cost of information and makes that information really meaningful, saves incredible amounts of time and helps people to safeguard their resources in a way that they cannot do now.
In the meantime, I will keep you posted on my progress.