mike frazzini

Mike Frazzini

Chief of Data Science and The Evaluation Cloud

Innovation Platform and AI | Strategy & Curation

Before joining Iterate, Mike was the first tech hire and CTO for eBags.com, where he and his teams built highly innovative and world-class e-commerce platforms and back-office applications to power 34% CAGR between 2000 and 2008 and sales over $100 million and continued double-digit growth and profitability in the following decade. Mike’s team built - from the ground-up - the technologies that powered 1,000 supplier drop-ship programs, one retail’s first five ratings, and review platforms, an A/B split test platform in early 2000. eBags robust platform and digital expertise were cited as a critical reason for the Samsonite acquisition for $105 million.

Before eBags, Mike was Program Manager for Kenan Systems (acquired by Lucent in 1999 for $1.5 billion), where he led key Internet, digital payments, and data services projects for AOL and Qualcomm. Mike also held a management role in the IT Assurance and Advisory group at PwC (formerly Coopers & Lybrand) and various technical positions in Software Development and Infrastructure out of his undergraduate program. He received dual BS degrees in CIS and Business.

Mike has a Masters of Science in Data Science from UC Berkeley, School of Information. While there, his team won the prestigious Hal R. Varian Capstone Award. The team built Soundflux: a working prototype for sound-based fall detection with a highly accurate deep-learning model deployed on-device for privacy. Mike also evangelized and drove successful data science projects at eBags like the patent-pending interactive recommendation engine for handbags that went 3X conversion increases.

Mike is passionate about startups, innovation, data science, and technology, which is a perfect fit for his work leading the Iterate Evaluation Cloud that provides real-time decision-making guidance related to partnerships, M&A, and the development of strategic roadmaps.

More About Mike Frazzini


Most Successful Innovation Project You've Worked On

eBags. Like Jon, I experienced eBags as a 20+ year continuous and relentless innovation factory. We indeed were "ahead of our time" on so many initiatives. We developed the world's best and biggest drop-ship bag marketplace, one of the first great e-retail brands, a fantastic private label bag brand, an amazing shoe site that Zappos bought (6pm.com), and a highly trusted frictionless technology platform. All of this, and so much more, drove the success of shipping over 35 Million bags to Millions of happy customers, all the while reinventing an industry that drove the leader, Samsonite, to acquire us for over $100 Million in cash.

Second Most Successful Innovation Project You've Worked On

The Evaluation Cloud here at Iterate is an amazing set of modules that enables emerging trend monitoring, a white-label entrepreneurship program, and the curation of technology solutions across hundreds of capability landscapes encompassing over 400,000 start-ups. It one of two highly innovative cloud platforms that make up the Iterate.ai programmatic open innovation ecosystem, and I couldn't be more energized and engaged with this work as a member of a phenomenal set of teams. The other cloud platform is also highly innovative, The Execution Cloud. Together, as the Iterate.ai programmitc open innovation ecosystem, they deliver an end to end.

Have You Experienced An A-HA Moment That Changed the Way You Operate as an Innovator?

I tried to start my own Internet company way back in 1998. While I had a great idea, I didn't succeed with it. The two most important things I learned is how important it is to have a great team, and to have a laser focus on shipping a minimum viable product (MVP) that you can rapidly improve and iterate on.

Most Inspiring Project You've Worked On At Iterate or Elsewhere

I had the privilege of being part of a team that developed an award-winning AI product (software and hardware) to detect and respond to human falls - to help save lives and bring peace of mind to the elderly and those who care for and love them. You can read more about this project here.

Three Most Important Qualities of An Innovator
  • Reletnless understanding and focus on the customer.
  • A "missionary" like mindset that finds a higher purpose in their work (vs. a mercenary).
  • Someone who can attain the paradoxical state of domain expertise with "beginners mind."
Honors
  • Retail Information Systems News Tech Leader of the Year, Strategic Impact.
  • UC Berkeley School of Information, Hal R. Varian MIDS Capstone Award for Spring 2019.
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Fun Tidbits


What do you like about working with Iterate?

Innovation and Digital Transformations can make huge impacts and drive excellent outcomes. I love working with Iterate and rapidly bringing these capabilities to forward-thinking Enterprises.

Interesting Thing People Might Not Know About You?

I like to swim, both for exercise and for its meditative and sensory deprivation qualities to provide balance in our modern sensory overloaded world, and have "escaped Alcatraz" by sea four times now.

Most Inspiring Leader Who Was/Is An Innovator

Jon Nordmark

Free Time

I like to spend time with my family, travel, read, swim, hike, and enjoy the outdoors.

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Favorite Books About Innovation and Why


One Favorite Book
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The Innovators Dilemma

by Clayton Christensen

Mike's thoughts: This is an amazing book that introduces the different types of innovation with "big I" disruptive innovation and "little i" sustaining innovation, and outlines why it is challenging for established companies to innovate. Companies need help and need to take different approaches to achieve a disruptive or sustaining technology and innovations. I have always loved this book but love it even more as an Iterator because Iterate was built to solve the Innovators Dilemma.

Another Favorite Book
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Built to Last

by Jim Collins

Mike's thoughts: This hugely influential book reveals what makes long-lasting and visionary companies consistently excel. Mr. Collins and his research team took a data-driven approach over six years to uncover key traits and behaviors that drive industry-leading companies. My favorite is experimentation - try a lot of stuff and keep what works - which is a key principle of programmatic innovation, and something Iterate is excellent at helping companies achieve.

A Third Favorite Book
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Where Good Ideas Come From

by Steven Johnson

Mike's thoughts: Steven Johnson studied many great ideas like the World Wide Web, GPS, YouTube, the pacemaker, air conditioning, the printing press, the nature of neural connections, the understanding of how cholera is transmitted, and the triode, among others. He distills the process of good "ideation" into some key lessons. Iterate has built a platform for ideation within The Iterate Evaluation Cloud. It incorporates many of the learnings Steven Jonhson outlines, such as providing a system and a network where good ideas can collide, mingle, swap, simmer, and cook to become even greater ideas.

More Favorites
Good to Great

by Jim Collins

Crossing the Chasm

by Geoffrey A. Moore

Data Smart

by John Foreman

Favorite Quotes About Innovation

“If I had asked people what they wanted, they would have said faster horses.”

~ Henry Ford

"If you do something and it turns out pretty good, then you should go do something else wonderful, not dwell on it for too long. Just figure out what's next.”

~ Steve Jobs
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Favorite Video About Innovation and Why


Lessons of Steve Jobs: Guy Kawasaki on TED.

"Some things need to be believed to be seen."

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Favorite Music and Movie?


Favorite Music

I could listen to Rick Asley sing "Never Gonna Give You Up" all day. JK. I can't stand that song but do love all types of music. If you forced me to pick 3 favorites it would be The Beatles, Led Zeppelin, and SRV.

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