Ignite Seattle II Was great…
Add comment February 14th, 2007
Posts filed under 'presentations'
Video of Jesse Robbins @ Ignite Seattle (and updates, corrections, retractions, and denials)
The great folks at blip.tv posted the video from my talk at Ignite Seattle I and of course I have a few updates, corrections, retractions, and denials from the event.
- I was, in fact, drunk when I wrote and presented this talk. I feel the need to state for the record that this event was held in a bar which didn’t have food and I’m I lightweight because I don’t drink that often. So… moving on…
- I was wrong about Credit Union capitalization.
- The Open Space Technology (OST) conference where we will write our charter and figure out how we will implement it is currently scheduled for April 7th, 2007. More details will be posted soon!
- My talk mentions Jonah Burke’s presentation on the Darfur Wall project. Donate!
- The OpenSourceCU folks aren’t creating technology yet, but their sponsor Trabien is a technology company serving credit unions.
1 comment December 19th, 2006
Ignite Seattle slide decoder: Why $1 = $16
What was Jesse talking about at Ignite Seattle?
Credit Unions have $0.06 backing every $1.00 they loan out… which means they can loan $1,600,000 for every $100,000 deposited by members.
If you loan out $1,600,000 at a 7% APR rate you take in about $112,000 in interest on $100,000 in principal. After deducting operating expenses and paying the members interest on their accounts, credit unions use the remainder to offer better services to their members.
Black Rock Federal will offer the same great services any other Credit Union does, and we will use our resources to change the world.
(edited on 12/11/06)
I was mistaken when I gave this presentation. I said that Credit Unions were able to loan out $16 for every $1 in member deposits, because they have a 6% capitalization requirement. I confused Credit Union capitalization ratios with banking Cash Reserve Ratios, and didn’t find out until I spoke with a gentleman from the NCUA today.
Please see this blog entry for a detailed correction.
1 comment December 9th, 2006
Ignite Seattle was so much fun!
Last night’s event was so much fun!
Many thanks to Allegra Searle-LeBel, Corprew Reed, Leah Papernick, Noah Iliinsky, and Benjamin Black for helping me with the talk.
The night began with about 200+ people crammed into the bar building popsickle-stick bridges and then testing jumping up and down on them. After all the bridges had been “tested”, things settled down and the 5-minute “Ask later” presentations began.
Bre Pettis (Make:) said “the audience was enthralled as the superstars of local start-ups, creative innovators, scientists, hackers, puzzle-makers, and regular folks doing cool things managed to dump their brains into five minute power-point presentations.”
We got a lot of positive response from the presentation, and we’re planning on doing it again at the next Ignite Seattle in February. Many thanks to Brady Forrest for creating such a cool event!
There should be videos of the event posted soon.
1 comment December 8th, 2006
Come to Ignite Seattle on Thursday, December 7th
I’m signed up to do an “Ask Later” talk at Ignite Seattle on Thursday entitled “Burning Credit: building the Black Rock Federal Credit Union”.
Brady Forrest writes: “The Ask Later talks will *all* be 5 minutes long. They will all have 20 slides and each slide will be on the screen for 15 seconds. The presenter will not have control of their computer. That’s part of the fun…”
Ignite Seattle is a a short unconference-ish event in a bar being run by my friend Brady Forrest of O’Reilly Radar and Bre Pettis of Make:. It’s going to be a good time, and I’m hoping to see you there!
What: Ignite Seattle I
When: Thursday, December 7, 2006 @ 8:00 PM
Where: LowerLevel - 1621 12th Ave, Seattle, Washington 98122
RSVP: http://upcoming.org/event/127800
4 comments December 7th, 2006
