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Tag: Wall Street

CoinGeek London 2020 Blockchain Conference Features Global Speaker Lineup of Business & Technology Leaders

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm" type="text" content="Keynote speakers are Wall Street strategist Tom Lee and Best-Selling Author &amp; Economist George Gilder" data-reactid="12">Keynote...

Travelex recovering from ransomware, but more firms at risk of VPN exploit

Beleaguered foreign currency exchange company Travelex confirmed on Friday that the first of its U.K.-based customer-facing systems were back up and running...

FinTech Connects… with Brooke Navarro, Head of Business Development & Capital…

We have had the pleasure to connect with Brooke Navarro, Head of Business Development & Capital Markets, at tZERO. tZERO is the global...

FinTech Connects… with Brooke Navarro, Head of Business Development & Capital…

We have had the pleasure to connect with Brooke Navarro, Head of Business Development & Capital Markets, at tZERO. tZERO is the global...

FinTech Connects… with Julie Armstrong, Chief Commercial Officer at ChartIQ

This week, I caught up with Julie Armstrong, Chief Commercial Officer at ChartIQ. Julie will be delivering a keynote at this year’s FinTech Connect...

Global tech VC investment falls for first time in seven years

Downturn: tech venture capital investment fell in 2019 for the first time since 2012 Technology venture capital investment worldwide dropped...

CoinFund 2020: Seth Ginns joins our team with a focus on liquid investment strategies

Seth Ginns, Head of Liquid Investments & Managing Partner Today, the CoinFund team is thrilled to welcome Seth Ginns...

Nutanix: There have always been losses. You know what’s really fattening? Our subs

Hyperconverged infrastructure purveyor Nutanix posted the biggest quarterly loss in its short history last night – but still got some love from Wall...

Twitter blocking political ads and machine learning

Awesome, not awesome.#Awesome“…t will be a while before more powerful machine-learning models will be able to predict your mental and physical reactions to...

Mike Welch – A Legend Passes On

It took me a few days to even think about a world without Mike Welch.  Mike was truly a special man.  He was special not in a flashy way but special in a very specific way; he made everyone's life a little bit better.  He was a friend to me, a business mentor to me, a supplier in some instances and he was a model of community involvement for the community my family lived in for so many years.  He made our life better.

I feel a need to tell the story of how Mike and I met and started working together.  In 2004 I was the General Manager of a the Ford Service Parts Business working for Schneider Logistics (SLI).  Ford was building out their Daily Parts Advantage service model and asked SLI to somewhat replicate what we were already doing for GMSPO.  As the GM I had to find dedicated carriers to make all the deliveries nationwide to almost 5K dealers and we were having trouble finding a carrier in Evansville, Indiana.

Luckily, I had an acquaintance who used to sell truck parts but now owned a company called Segmentz.  They were a very small LTL company and at the time Ford wanted to really look at costs and so we took a chance on this small, unknown and very inexperienced company.  Right after we contracted with them they purchased Express-1 from Mike Welch.  This acquisition is what made Express-1 a public company and it turns out the only real profitable part of the merger / acquisition was the part we contracted with for the Ford Service Parts. 

This caused Mike to become President of the combined company and they shed just about everything that was Segmentz.  This is how I met Mike.  I was living in Novi, MI and Green Bay, WI at the time.

Fast forward to 2005 and I had decided to leave SLI and went to Whirlpool in St. Joe Michigan.  One morning I went to get my haircut and who was in the barber chair but Mike Welch!  I was shocked as I really had no idea they were based in Buchanan.  We talked a lot and it turns out Mike was deeply involved in my son's school and he was a great expedite provider to Whirlpool.  This meant I was able to rekindle both our professional work and our personal relationship.   So, what did I learn from Mike:

  1. He was a humble man and he taught me the art of humility.  While being wildly successful in the logistics business he never sought the spotlight.  He made his business better, he took care of his associates and he made his customer's businesses better. 
  2. He taught me about giving back.  While he clearly made a lot of money when he sold to XPO he always took care of the community.  He always was there when we needed him for the boys and girls clubs, the Lakeshore Foundation and anything else which would make the community better.  He was always there.
  3. He never forgot his friends.  While I considered him a friend I would not say we were super close however every time I saw him you would think we had been friends since grade school.  He always had time and he always engaged.
  4. Finally, he was a great businessman.  He was an entrepreneur, he served his customers, he was proud of what he built and he always was innovating.  I learned a lot about just down to earth business concepts from him.
So, we in the logistics and supply chain world lost a great one.  While the company (Express-1) was not as big, I would put Mike up with Don Schneider, J.B. Hunt and all the greats of our industry.  

Mike, you will be missed by all... God Bless you and your family and I hope to see you again...

Read about the history in Mike's own words at this Interview by the Wall Street Journal.

An inside look at blockchain company Digital Asset that’s shifting strategies as Wall Street interest in the tech stalls

Blockchain company Digital Asset has plans to expand beyond its distributed-ledger technology roots.The fintech said there is interest in using DAML, its program...

MIB: Paul Vigna on Blockchain & Cryptocurrency

This week, we speak with Paul Vigna, reporter for the Wall Street Journal and author of several books about Crypto and Blockchain, including The...

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