Seven and a half years ago, I left Reed Elsevier with a vision of building a dynamic, global business information platform. I knew from the start that the world was changing, but in January of 2007 we had not foreseen the start of the greatest financial crisis since the Great Depression. I had decided in the fall of 2006, with my departure from Reed Elsevier being imminent, to partner with Austin Ventures' Growth Equity team. During 2007 and early 2008 we considered five unique business verticals for platform opportunities. It started to become clear in the spring of 2008, as the world's financial foundations began to shake, that if we were going to emerge on the other side and start a recovery cycle the need for transparency and new regulations would drive the growth of the financial information sector.
I have been very busy during the first quarter of this year expanding our global footprint and extending our data offerings with Simfund Global Pro. I made a very quick trip to London last Sunday to present at an SIIA industry event that focused on innovation. I spotlighted our London team’s development process for Simfund Global Pro. Regardless of my business travel schedule, I could not let the Masters weekend pass without a column.
The harvest and crush have come to an end in both Sonoma and Napa
counties. Mary Claire and I returned home in late October after six
weeks in New York and London. We made a slight detour on the way and
had a wonderful day in Toronto with Ann and Earl Bederman, the founder
of Investor Economics.
It has been a difficult year for Jamie Dimon, Chairman and CEO of JPMorgan Chase. On top of the loss of over $6 billion generated by the "London Whale," Dimon and the bank appear to have become the favorite target of regulators.
As it always does, summer disappeared into our rearview mirror all too soon. Fall, though, brings the final month of pennant races for Major League Baseball and the start of the National Football League season. This year it also brings a major announcement for Asset International’s Strategic Insight division that will take place in October.