Prior to 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 strong platform and digital expertise were cited as a key reason for the Samsonite acquisition for $105 million. Prior to 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), as well as various technical roles in Software Development and Infrastructure out of his undergraduate program, were 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 drove 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.
Patent Pending
Dynamic and Automatic Agreement Generation and Modification
United States of America
F. M. Frazzini, N. Shukla
Patent Pending
Dynamic and Automatic Agreement Generation and Modification
WO
F. M. Frazzini, N. Shukla
Patent Pending
Technology Opportunity Mapping [Dynamic Landscape Creation on Collections]
United States of America
J. Nordmark, B. Sathianathan, F. M. Frazzini, N. Shukla
Patent Pending
Indexing Entities Based on Performance Metrics
United States of America
J. Selvadurai, J. Nordmark, F. M. Frazzini
eBags. Like Jon, I experienced eBags as a 20+ year continuous and relentless innovation factory. We truly were "ahead of our time" on so many initiatives, and developed the world's best and biggest drop-ship bag marketplace, one of the first great e-retail brands, an amazing 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.
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.
I had the priviledge of being part of a team that developed an award winning AI product (software and hardware) for detecting and responding 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: https://medium.com/berkeleyischool/project-soundflux-aims-to-save-lives-with-sound-based-fall-detection-system-e4b52fd2aa4a
Innovation and Digital Transformations can make huge impacts and drive great outcomes. I love working with Iterate and rapidly bringing these capabilities to forward thinking enterprises.
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.
Jon Nordmark
I like to spend time with my family, travel, read, swim, hike, and enjoy the outdoors.
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 so 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.
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 some key traits and behaviors that drive industry leading companies. My favorite is experimentation - try a lot of stuff and keep what works - which is key principle of programmatic innovation, and something Iterate is great at helping companies achieve.
by Where Good Ideas Come From
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, and it incorporates many of the learnings Steven Johnson outlines such as providing a system and a network where good ideas can collide, mingle, swap, simmer, and cook to become even greater ideas.
Good to Great
by Jim Collins
Crossing the Chasm
by Geoffrey A. Moore
Data Smart
by John Foreman
~ Henry Ford
~ Steve Jobs
I could listen to Rick Astley sing "Never Gonna Give You Up" all day - Just Kidding. 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.