What follows here is a warning, a thought, an unlikely outcome but one that the EU should be concerned about.

I worry about the Russian angle of the Greek crisis.

I think that the only opportunity the EU has to force the Greeks to keep the debt deal they agreed to before Syriza rose to power is to threaten to dry up the Greek banking system overnight. Trust in Greek banks by Greek citizens is currently evaporating. Greek banks are already experiencing a run. But my concern with this move is that it would make EU and especially Germany look cruel and insensitive and that  Putin may seize the moment, step in,  and provide the liquidity the Greek banks need to be solvent.  Emerge as a savior in the eyes of the Greek people.  He could do to the EU what he did to Ukraine, cut it in two with a piece of it that responds to him.  Moreover this move could cost Russia nothing, he could bring the euros in to make Greece solvent as a guarantee,  and then take them out in a few months. Because Greece can function if it doesn’t have to pay it’s gigantic debt. Greece can have an external and internal surplus very quickly.

The EU has a consensus driven voting system by which a single member state can block policy for all of the EU. Having one member state on Russia’s side would mean a great deal to Putin. The unanimity that is so needed in making EU policy would be broken by Greece. A Greece that votes as instructed by Putin would be an enormous problem for the EU and USA. And remember, there is no mechanism to expel an EU member. All of Greece could become Putin’s Trojan horse.

Likely? No, especially now that oil prices have collapsed.  Possible? Yes.

NYC had 911, London the July 7th tube attack, Madrid the Atocha train bombs that left over 200 dead and 1000 injured, Boston the marathon bombers, and now Paris had the Charlie Hebdo-Jewish supermarket massacre. All horrible attaks. But each time these bombings and shootings take place commentators argue that this is the beginning of a war between Islam and the West. Over years they have predicted many more innocent victims dying in the hands of Islamist extremists. But much to their surprise, in each of these cases, the murderers were uniquely sick individuals not representative of the 1.5 billion other Muslims and more attacks did not materialize in each city.

The lack of other attacks has shown that the vast majority of Muslims who live in Europe and USA are not willing to join the ranks of the murderers and are as disgusted as non Muslims. They feel towards extremists as we feel towards the Norwegian attacker or the Newtown killer. Does the Muslim religion currently produce more people willing to kill in the name of Islam? I think this is undeniable. But to be fair the West produces a lot of people who are willing to unfairly kill and torture in the name of “freedom” in places as Iraq, Afghanistan and Guantanamo. And if we simply count victims, Muslim victims outnumber non Muslim victims at over 100 to 1. The victims of Islamic terrorism in the Muslim world, are mostly other Muslims.

I am very excited to announce that this year Gramofon will provide the ultimate home audio experience with the integration of Qualcomm’s AllPlay feature!

At the moment Gramofon works with Spotify, but AllPlay will increase our music service coverage to include TuneIn, iHeartRadio, Rhapsody, Aupeo, DoubleTwist, Soma FM, and Napster. AllPlay also allows you to stream music stored locally on your phone and play music from a DLNA server.

With AllPlay, Gramofon’s will be able to play music simultaneously over multiple Gramofons around the home. Place Gramofons in different rooms “group” them together to listen to the same music all over the house. You can also pick and choose which speakers to play from and “group” different rooms ex. Kitchen & Living Room. 

I am excited for this new phase of Gramofon. Creating a holistic music experience that allows you to play music from your favorite music services/your phone, and listen to them everywhere around the home, is what Gramofon has always strived for. 

Search on Facebook recently went from useless to awesome. Try searching a person you care about linked to a city, place, verb or noun and see for yourself how relevant to you Facebook search results now are. Facebook search is what it should have been all along, a search about those you care about in relationship to you. As a result there is more of a reason to use Facebook as a diary, a memory repository. Today our one year old David went under water for the first time, I recorded a video, put in on Facebook. Before the new Facebook search it would have been hard to find it in, say, 2017. I would have had to go through the 2015 timeline. But now I will only search “David water”. Try that with Google. Facebook is now a great personal search engine.

Netflix said I would love In a World and I loved In a World. But IMDB gives it a low rating. This says something about Netflix’s success as a recommendation engine. I don’t care what others think about a movie. I want to know if I will like a movie or not. And Netflix nails it for me. I wish there was something like Netflix for restaurants. Like my palate is so different from the average Trip Advisor restaurant reviewer that I find the app useless. Indeed my palate is quite different from that of many of my friends also, and so are other tastes like music. I think friends are an indication of what you may like, but not always and recommendation engines that are purely friend base fail for that.  I find it interesting and useful that Netflix does not rely on my friends to give me recommendations. Non personalized recommendations work for people with average taste, they work when there is a lot of conformity.  But if you differ from the mean you need a personalized recommendation engine. And that is Netflix for me, now what Netflix does for movies and TV series I want for:

People I can work with

Novels

Clothes

Sailing destinations

Art Galleries

Mountain bike rides

Restaurants

Neighborhoods in a new city

Museum exhibits

Music

Web sites

Children activities

Food stores

Consumer products

Conferences

Online Youtube/Vimeo type videos

Concerts

These last few days I have been spending a significant amount of time at the Miami playgrounds with Mia (3) and David (1), I have been observing the life of those under 5. I have seen that little kids, are rarely compassionate, caring for others must be taught to them, they are not generous, as Mia says “Dad, sharing is hard”, they are not organized and tend to leave toys and clothes behind, they are not clean and properly disposing of litter is not obvious to them.  Sometimes little kids are even violent, today Mia got hit by a 2 year old boy, totally out of the blue. But of all the children’s shortcoming there is one evil that is lacking in them; little kids are not racist. Little kids are born selfish, rude, but they are not born hating other races, they are not born noticing other races, racism is taught to them. At the playgrounds of South Beach there is a big mix of races, but race, makes no difference, it’s not even part of the vocabulary that kids used to describe one another.  Makes you think, what is it that we do to them. And what could be different.

I used to complain that Facebook was a black hole of memories. That memories, moments, once posted, would never be found again. That scrolling your timeline forever was not a way to find anything.  Before say, if I searched for the name of our boat in Menorca, Benebella I would get totally random stuff. Now I get all the posts of mine and of my friends about Benebella.  Or if I search Gramofon, our cloud music player, I get all the posts of mine and my friends about the Gramofon. Still what Facebook search does not do, that Twitter does so well,  is to show me all the posts that anyone writes about the Gramofon or any search term.  This type of search is especially useful for companies.  Facebook could do this at least on all posts written in public mode. I hope that comes soon.  But at least now I can begin to find my own stuff on Facebook and that is great news. 

During my entrepreneurship career I founded several companies in the fields of medicine, telecommunications, I.T and internet. Yes, I said medicine. I took a medicine course in NYU in the 80s and I worked with Claudio Cuello, with Cesar Milstein,  who won the Nobel Prize for discovering monoclonal antibodies and with Phil Gold, the discoverer of CEA, the first biomarker for detecting and monitoring cancer. I was always interested in medicine, and by this post I wanted to talk about a project my friend Leandro Sigman, the CEO of Chemo, a Spanish pharmaceutical company, and I want to carry out. We are looking for a woman to be the CEO of this project. Yes, that is correct, a woman. We believe this project is for women, and as such it should be run by a woman. The idea is simple: to convince as many women who haven’t turned 37 yet as possible to freeze their eggs. The earlier they do it, the more chances they will have to get pregnant and to have a healthy baby. What many women do not know, is that the health of their babies depends on when their eggs were frozen and not on when they got pregnant. If a 43 years old woman uses the eggs she froze when she was 32, there is a very high probability that she will get pregnant and will have a healthy baby.

When I started Jazztel in 2000, we had a message to give: there was an alternative to Telefonica, and cheaper and better telecom services were possible. We did it in a funny way. We hired ex managers of Telefonica, who were thrilled to appear on TV dressed as prisoners and say they tricked people. They did their “confession” and they recommended Jazztel to everybody. For this project, if we want to give a funny message, it should be something like: “Freeze your eggs and don’t get married to the first jerk you meet when you are 35” or “Throw away your biological clock”. Or maybe something not that funny, but more meaningful: “I can have a baby when I am 40 as well”. Because, no matter what people say, the ugly truth is that even though women live more than 80 years, their fertility goes down by the age of 35. And there is a very simple way for a woman to have a baby and to not be left on the shelf (a cruel expression) and it is to freeze their eggs.If you are a woman, you live in Madrid or you can move here, you are preferably a doctor,an you have good communication skills, Leandro and I can help you to start a project that will be very interesting for you and very valuable for all other women. We see this like an investment in communications and its goal is to guide every woman to the best clinic where she can go under a procedure that will take no longer than 5 hours and will change her life forever. Send me an email to martinvars@me.com

Energy intensity is a measure of the energy efficiency of a nation’s economy. It is calculated as units of energy per unit of GDP.

This post includes thoughts of Jack Hidary and Nouriel Roubini, and myself and it is based on a conversation we had last night during dinner. It’s about the “low hanging fruit” list of the measures that governments, corporations and citizens can take to reduce emissions and save natural resources: to lower energy intensity of the global economy.

I start with a concrete initiative to illustrate the point. Jack Hidary helped pass a law in NYC that demanded that taxis should be hybrids. The Ford Crown Victoria taxis that were standard for the NYC fleet before that law did 11 MPG. A Toyota Prius gets 48MPG in NYC. Now by adopting hybrids the average consumption of the whole fleet is around 28MPG. Now think of this in scale. Using hybrid cards, will cut average oil consumed per mile traveled in the US cities by half.

Using electric cars: in the US all energy from coal and nuclear plants is buried on the ground at night. Electric cars can charge at night using this energy so going electric could have very little extra cost for society and savings are huge. Challenges with batteries remain, in a Tesla the batteries alone cost more than a Toyota Prius, but their cost is going down rapidly, the transition to electric will happen. Electric cars can also be used to store energy and to re use this energy when it’s needed for something other than transportation. Trucks however be natural gas powered and not electric, that also saves energy and emissions. The transition will be gasoline, to natural gas in some cases but in most gasoline to hybrid to electric for the next 20 years.

The Sharing Economy: Nouriel was fascinated by the impact of the sharing economy and the fact that young people do not have issues with sharing in general. Sharing cars individually a la Uber does not result in less miles travelled (except those saved looking for parking) but results in many less cars being made. As both sharing and pooling becomes more common (Uber just introduced pooling) then we achieve less cars being made and used. Sharing economy companies like Fon make better use of telecom infrastructure, AirBnB of real estate, and there is a long list that overall make better use of existing resources. We now have the first generation who lives worse than their parents in the US, sharing creates a wealth effect that counters the sad reality of declining incomes.

Smartphones Economy: It is very complex to understand if smartphones make societies use less resources and save on energy. Google is the largest consumer of electricity in the US and probably in the world, those servers that do your searches need incredible amounts of power. But at the same time the smartphone economy make us save a lot of energy and resources. One example of many is Google Maps helping us finding shorter and freer routes to our destinations. And the app economy in general that enables a much more efficient use of any imaginable resource. Internet enabled individuals make more informed decisions about almost anything they do or consume.
Another obvious move is to switch to intelligent thermostats like the Nest that distinguish when you are at home and when you aren’t and adjust AC and heating accordingly. Geofencing via apps makes this distinction unnoticeable for the owners.

LEDs are awesome, they give you the same amount of luminescence for 15% of the energy. Lights consume around 20% of the energy of the average home.
Bicycles: bicycles originally made it as a form of interim transport until individuals could afford cars. Well now people have realized that bikes are ideal for distances of 5 miles or less and they save an incredible amount of energy use and resource use. The message to drivers is, that bike that see on the road is not a bike, it’s one less car.

Insulation is important. Sometimes simple improvement in insulation of walls, windows, roofs can reduce energy requirements by 30% or more.

Installing solar panels for electricity is becoming more and more competitive. Still they require a subsidy but in the US the subsidies are there.

Installing solar thermal for hot water, pool heating and to reduce heating bills in sunny places. This is becoming more and more common, especially in the Mediterranean countries of Europe.

Another trend that is making the world more energy efficient is dense urbanization. Although this is counter intuitive to some Manhattan is much more energy efficient than nearby New Jersey or Long Island where everyone lives in their own home with a garden. High rise buildings are more energy efficient than individual homes. People who move around in public transportation and walking are healthier and more energy efficient than people who have to travel long distances from suburbs to urban centers alone in their cars.

When people speak about sustainable homes they tend to refer to the use of alternative energy, solar panels for electricity, solar thermal for hot water, heating and pool heating, solar power water wells and occasionally wind energy. But in my view that is only part of the solution. A true sustainable home must also be a smart home, a home that can generate its own energy but that also uses it wisely reducing costs and increasing owner´s comfort. A smart home is also a home whose maintenance costs are reduced by use of electrical, sustainable robots, lawn mowing robot, vacuuming or cleaning robots, pool cleaning robots all with smartphone controlled routines. Personally I have been going through the process of making our homes in Menorca, Spain and Sagaponack, USA smart and I can tell you, navigating the incredible amount of choices has been extremely time consuming, hard, frustrating and required a lot of help. There are no guides, no easy templates. Everyone offers you a partial solution, but nobody offers you THE comprehensive solution. I was also a first round investor in Smartthings which as successful as the company is, it made me realize that if PC’s needed a Geek Squad, intelligent homes will need a Smart Homes Squad. It takes real people to help home owners make their homes smart. The average home owner is just not able to navigate the extremely complex choice for home automation and sustainability solutions out there, acquire the right products and especially install them.

Hence the idea to start a company that uses my learnings and that of many others and offers a one stop solution to make homes smart: design, implementation and service. But I am the CEO of Fon and have no time to be CEO of another company. So if you believe you could be the start up CEO of this new company most likely in the USA but could be anywhere in the world, if you are very knowledgeable about home automation, alternative energy, and robotics and have general management and communication skills and believe that all the new technology available for homes needs a HUMAN interface, an army of architects for home sustainability who will implement them, if you don’t believe the general public is able to buy solutions over Amazon and hack them into their homes, please write to me at martinvars@me.com and send me your business plan. I may hire you to build this company and provide you with funding and a stock option plan (I would like to clarify that just as I am sharing this idea with you and you may go ahead and implement it without me, I may also implement the company with any idea you share with me and without you. Also I may not go ahead with this idea at all should it prove too hard to execute). But to me in this field it is not this or that idea that matters, it is the execution of the whole strategy. In the challenge of making home owners happy, saving them money and making their lives better in a massive scale, it is not one idea that will win the race, it is delivering comprehensive solutions. This create an invoice template InvoiceCommand is also perfect for small businesses who need to issue professional-looking invoices to their customers.

What could be great places to start such a company? California, Florida, Colorado, New York, Spain, UK, Germany, Japan, or maybe other location with an abundant of homes waiting to join the 21st century and help make the planet more sustainable.

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