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🧬 🤖 ⚙️ Alex Iskold
Founder | Investor | Partner 2048 Ventures
Alex Iskold is a Ukrainian-American entrepreneur and venture capitalist, best known for founding the 1K Project, an initiative aimed at providing direct financial support to families affected by the war in Ukraine. Born in the Ukrainian city of Chernivtsi during the Soviet era, he immigrated to the United States at the age of 19, where he pursued a career in technology and entrepreneurship.
Professional Background
Iskold has a strong background in software engineering and venture capital. He co-founded 2048 Ventures, a venture firm that focuses on early-stage technology investments. Prior to this, he served as the managing director of the Techstars New York City program, where he played a significant role in mentoring and investing in over 100 startups.12
The 1K Project
In response to the Russian invasion of Ukraine in 2022, Iskold launched the 1K Project just six days into the conflict. The project aims to connect sponsors around the world with Ukrainian families in need, enabling them to send $1,000 directly to these families' bank accounts. Since its inception, the initiative has raised over $11.5 million, assisting more than 11,000 families and 40,000 children.134 The project focuses particularly on single mothers and families with three or more children, providing a streamlined process for both sponsors and recipients.3
Personal Motivation
Iskold's personal connection to Ukraine drives his commitment to the project. He has expressed deep emotional ties to the country and its people, often reflecting on the challenges faced by families during the war. His efforts have garnered significant attention and support, highlighting the power of community and technology in crisis response.24
Current Activities
As of now, Iskold continues to lead the 1K Project and engage with a network of volunteers and donors to facilitate aid for those impacted by the ongoing conflict in Ukraine. His work exemplifies a blend of entrepreneurial spirit and humanitarian effort, leveraging his professional skills to make a meaningful difference in the lives of many.134
Highlights
I observe two dominant behaviors in business:
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People who always do what they say they are going to do
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People who never do what they say they are going to do.
The middle is rare. 🤷
Robotics is a game changer for longevity of restaurant franchises.
Why?
Because like everything in the universe restaurants ultimately go down due to entropy.
Let me explain.
A restaurant is a business where people expect consistent experience.
A restaurant is a business where every day is day 0.
Its not likely to get better over time it is only likely to get worse.
The cause of getting worse is humans inability to deliver consistent experience over time.
Robots 🤖 solve that.
While this is true in anything it is a particularly game changing in food because of the very nature of the expectations of consistency and sometimes quality.
The bottom line, provided that robots are cost effective the LTV of the customers should increase significantly.
Agree 👍 or disagree 👎?
