S3 E17: Jeff Bermant, Cocoon MyDataRewards

Code Story: Insights from Startup Tech Leaders

Noah Labhart - Startup Founder & CTO

Tech News, News, Business, Technology, Entrepreneurship, Careers

4.6 • 216 Ratings

🗓️ 10 November 2020

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jeff Bermant is originally from the east cost, specifically a superb of New York City called Rye. He left the big apple to head to USC in California, to be a highly ranked tennis player. After school, he played the pro circuit for bit but eventually moved on. Now a days, he is into cycling, and has gotten to ride with Lance Armstrong - who told him to make sure to keep his day job. He worked for Coldwell Banker in the real estate business, under Bob Selleck (Tom Selleck's Dad). After that he started his own real estate business, which he did for 30 years. But after a while, he realized that he really enjoyed creating - and a lot of that sort of thing gets lost in the real estate business. He got into tech because, believe it or not - he was annoyed at the internet, and its lack of privacy. After a casual conversation with his son, he realized that the average user is not getting paid for their data. He found this to be wrong - and set out to fix the problem, to ensure users got paid for their data, not Google, Facebook or anyone else. This is the creation story of Cocoon - MyDataRewards. Our Sponsors: * Check out Kinsta: https://kinsta.com * Check out Red Hat: https://www.redhat.com * Check out Vanta: https://vanta.com/CODESTORY Support this podcast at — https://redcircle.com/code-story/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	We interviewed some companies and someone came to me with, I thought, a great deal.
0:07.0	And the deal was X dollars and I'll let you pay it over 10 or 12 months.
0:13.0	But what I came to learn is they didn't know how to build a Chrome browser.
0:18.0	And to this day, unfortunately, they didn't even know how to connect
0:23.6	the SDK that we're connecting to to the buyer of the data. They're not getting the data.
0:29.7	And that's the biggest mistake I could think of. My name is Jeff Bermant. I am the CEO of Virtual
0:37.0	World Computing. And our product is Kekoon My Data Rewards.
0:47.6	This is Code Story, a podcast bringing you interviews with tech visionaries who share in the critical moments of what it takes to change in industry and build and lead a team that has your back.
1:02.3	I'm your host, Noah Labhart, and today how Jeff Bremant built a product to enable everyday users to get paid for their data.
1:13.6	All this and more on Coat Story.
1:19.5	Jeff Bermant is originally from the East Coast, specifically a suburb of New York City
1:24.5	cold rye.
1:25.3	He left the Big Apple to head to USC in California to be a highly
1:28.5	ranked tennis player. After school, he played the pro circuit for a bit, but eventually moved on.
1:33.8	And nowadays, he's into cycling and has gotten to ride with Lance Armstrong, who told him to make
1:39.0	sure to keep his day job. He worked for Coldwell Banker in the real estate business under Bob
1:43.7	Selik. After that, he started his own real estate business under Bob Selleck.
1:47.7	After that, he started his own real estate business, which he did for 30 years.
1:52.5	But after a while, he realized that what he really enjoyed was creating, and a lot of that sort of thing gets lost in the real estate business.
1:55.1	He got into tech because, believe it or not, he was annoyed at the internet and its lack
1:59.5	of privacy.
2:00.7	After a casual conversation with his son, he realized annoyed at the internet and its lack of privacy. After a casual conversation
	...

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