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NewslettersCEO Daily

Utah CEO says distance from Silicon Valley has made the state ‘a really strong community of entrepreneurs’

By
Michal Lev-Ram
Michal Lev-Ram
,
Nicholas Gordon
Nicholas Gordon
and
Alan Murray
Alan Murray
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By
Michal Lev-Ram
Michal Lev-Ram
,
Nicholas Gordon
Nicholas Gordon
and
Alan Murray
Alan Murray
Down Arrow Button Icon
July 19, 2023, 12:51 AM ET
Aaron Skonnard, co-founder and CEO of Pluralsight, at Coins2Day Brainstorm Tech in Park City, Utah, in July 2023.
Aaron Skonnard, co-founder and CEO of Pluralsight, at Coins2Day Brainstorm Tech in Park City, Utah, in July 2023. Steven Vargo—Coins2Day

Good morning.

I was traveling in Asia last week, and as a result had to miss one of the year’s big events: Coins2Day Brainstorm Tech, held for the first time in Park City, Utah. I asked Coins2Day editor-at-large Michal Lev-Ram, who hosted the event, to share her thoughts:

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Our program featured speakers like Eugenia Kuyda, a founder who is using A.I. To combat loneliness (think chatbot “companions” who are always there for you), climate tech investor (and former Vice President) Al Gore, and Bryan Johnson, an entrepreneur who is trying to crack the longevity code (hint: he eats 70 pounds of veggies a month and takes 61 pills per day). We also heard from the CEOs of tech companies like Anthropic, Atlassian, Hewlett Packard Enterprise, Twilio, Ancestry, and many more.

These timely discussions, coupled with our outdoor activities, breakout sessions, and other opportunities to mingle, provided the perfect backdrop for Brainstorm Tech, which was created as a conversation and a community, not just an event, back in 2001.

To be sure, we also delved into the state of Utah: Our opening session featured four tech leaders who are rooted in the Beehive State, and they had plenty to share about the emerging hub.

“I think one of the things that’s made Utah so great during this time is the fact that it wasn’t the Bay Area, we didn’t have access to the capital, we didn’t have access to a lot of the influential pioneers in tech,” Aaron Skonnard, the CEO of Utah-based Pluralsight, told the audience. “So we kind of had to find it ourselves…I think that has made Utah just a really strong community of entrepreneurs.”

There was another new tech hub front and center at this year’s Brainstorm Tech. Miami Mayor Francis Suarez, who is also a Republican presidential hopeful, took the stage to make the case for his hometown: “We’ve grown our venture capital pipeline by about 500%,” Mayor Suarez told the audience, adding that it takes time to become an epicenter for capital. 

Luckily, as was evidenced by the abundance of A.I. Conversations at Tech, there is no one region that can contain the explosion of interest and investment in the burgeoning technology—even one as majestic as Utah. 

For more from this year’s Brainstorm Tech, please listen to a special episode of our Leadership Next podcast, available on Apple or Spotify. Or read more here.


Alan Murray
@alansmurray

[email protected]

TOP NEWS

Bank of America earnings

High interest rates are bolstering Bank of America’s bottom line as the nation’s second-largest bank gets larger loan repayments from customers. The bank reported $7.4 billion in net income last quarter, a 19% year-on-year increase. Bank of America’s investment bank division also posted a surprise 76% jump in income. Reuters

Microsoft A.I.

Users of Microsoft’s Office suite will soon need to pay an extra $30 a month if they want to access new A.I.-powered features, the tech giant announced Tuesday. The company also previewed a confidential version of its Bing chatbot that will better protect private information from corporate clients. The news sent Microsoft’s shares up almost 4% to close at a record high. Bloomberg

China’s COVID toll

China’s wealthy Zhejiang province reported a 73% year-on-year jump in cremations in the first quarter of the year in data published before the weekend. The data gives an indication of the true scale of China’s massive COVID outbreak at the beginning of the year. By Monday, Zhejiang’s government had yanked the stat from the internet after it drew social media attention. Financial Times

AROUND THE WATERCOOLER

Angelo Mozilo’s brilliant promotional skills powered Countrywide stock to soar 23,000% in 20 years—and his hunger for risk led to disaster by Shawn Tully

The man who named the millennial generation 32 years ago returns to find them full of FOMO, riddled with fears—and a lot like their icon Taylor Swift by Neil Howe 

Commentary: New research suggests bankers are 5 times less likely to engage in financial misconduct when working from home by Gleb Tsipursky

Netflix is reporting earnings at the most fascinating possible time for the future of streaming and Hollywood by Paolo Confino 

Circle’s Allaire says U.S. Lawmakers may be ‘late to the party’ with crypto, but it won’t hold back the world’s largest economy by Justin Doom

Companies still see LGBTQ+ board representation as ‘frivolous,’ according to a corporate advocate by Lila MacLellan

This edition of CEO Daily was curated by Nicholas Gordon. 

This is the web version of CEO Daily, a newsletter of must-read insights from Coins2Day CEO Alan Murray. Sign up to get it delivered free to your inbox.

About the Authors
Michal Lev-Ram
By Michal Lev-RamSpecial Correspondent
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Michal Lev-Ram is a special correspondent covering the technology and entertainment sectors for Coins2Day, writing analysis and longform reporting.

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Nicholas Gordon
By Nicholas GordonAsia Editor
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Nicholas Gordon is an Asia editor based in Hong Kong, where he helps to drive Coins2Day’s coverage of Asian business and economics news.

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Alan Murray
By Alan Murray
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